NLC India Limited Secures 200 MW Wind Power Project from SJVN at Rs. 3.74/kWh

NLC India Limited (NLCIL), a Navratna company under the Ministry of Coal, Government of India, has received a Letter of Award (LoA) for 200 MW Wind Power Project from SJVN Limited at a tariff of Rs. 3.74 per kWh on 28th February 2025. NLC India Limited turned successful in thee-reverse auction conducted by SJVN Limited on 17th January 2025. The project is set to generate 526 MU of clean green power each year offsetting equivalent amount of greenhouse gas emissions.

This milestone reinforces NLCIL's growing presence in India's renewable energy sector and aligns with the company's vision of achieving 10 GW renewable energy capacity by 2030. It is also to be noted that NLCIL's Renewable energy journey started with its 51 MW Wind project during the year 2013.

This winning marks a significant expansion of NLCIL's wind energy portfolio, increasing its total wind power capacity to more than 300 MW including projects. The newly secured project will contribute to India's commitment to increasing non fossil fuel-based power generation, in line with the National Green Energy Policy and the government's target of achieving 500 GW of non-fossil fuel capacity by 2030.

Project Highlights:

- Capacity: 200 MW Wind Power Project
- Awarding Authority: SJVN Limited
- Discovered Tariff: Rs. 3.74/kWh
- NLCIL Wind Power Capacity: 301 MW (after this award)
- Targeted Renewable Energy Capacity by 2030: 10 GW

Speaking on this achievement, Shri Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited, stated: "This is a proud moment for NLCIL as we continue to expand our renewable energy footprint in the country. Winning this 200 MW wind project further strengthens our commitment to sustainable and clean energy solutions. Our strategy aligns with India's energy transition goals, and we are determined to contribute significantly to a greener future. NLCIL is making remarkable progress in expanding its renewable energy portfolio, ensuring a more sustainable future for generations to come. Our investments in renewable energy will play a crucial role in strengthening India's green economy and meeting global climate commitments."

As NLC India Limited accelerates its green energy transition, the company is making strategic investments in solar1 wind, hybrid power projects, battery energy storage systems (BESS), and green hydrogen initiatives.

The execution of this project will be carried out in compliance with the stipulated timelines as per the tender, and NLCIL remains committed to delivering clean energy solutions with efficiency and excellence.

Shares of NLC India Limited was last trading in BSE at Rs. 206.45 as compared to the previous close of Rs. 208.65. The total number of shares traded during the day was 137141 in over 2383 trades.

The stock hit an intraday high of Rs. 211.00 and intraday low of 201.90. The net turnover during the day was Rs. 28265488.00.

Source : Equity Bulls

Keywords

NLCIndia INE589A01014 LoA OrderWin WindPowerProject SJVN