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NLC India Renewables Limited (NIRL), the green energy arm of government-owned NLC India, is set to launch an Initial Public Offering (IPO) aiming to raise INR 4,000 crore. This capital infusion will support NIRL's ambitious expansion plans to achieve 10 GW of green energy capacity by 2030, with a long-term target of 32 GW by 2047. The move, bolstered by a recent Cabinet Committee on Economic Affairs (CCEA) approval granting NLC India significant investment flexibility, aligns with India's broader national goals of achieving 500 GW of non-fossil fuel energy by 2030 and net-zero emissions by 2070.
NLC India Renewables Limited (NIRL), the dedicated green energy subsidiary of the government-owned NLC India Limited, is preparing to launch a substantial Initial Public Offering (IPO) to raise INR 4,000 crore. This decision is aimed at funding the company's expansion plans which include a target of increasing its green energy capacity to 10 gigawatts (GW) by 2030 and reaching 32 GW by 2047. Advertisement
The IPO is anticipated to be launched during the second quarter of the financial year 2025-26, with all necessary due diligence expected to conclude by March 2026, and the company planning to file documents with SEBI in the first quarter of fiscal year 2026-27.
Adding significant momentum to these plans, the Cabinet Committee on Economic Affairs (CCEA) recently granted NLC India a special exemption. In a decision made last week, the CCEA provided NLC India the freedom to invest up to INR 7,000 crore in NIRL without requiring specific government approval. This approval also exempts NLC India from the 30% net worth ceiling typically imposed on Central Public Sector Enterprises for investments in subsidiaries and joint ventures, thereby offering NLCIL and NIRL enhanced operational and financial flexibility.
NLC India currently operates seven renewable energy projects totaling 2 GW of capacity, which are either operational or nearing commercial launch. Its overall power generation capacity stands at 6 GW, predominantly thermal with 4.6 GW. The push towards 32 GW of green energy by 2047 aligns directly with India's ambitious commitments made at COP26, including the target of achieving 500 GW of non-fossil fuel energy capacity by 2030 and reaching net-zero emissions by 2070 under the "Panchamrit" goals.
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