The company has also sorted out most of the land acquisition issues for expansion of its lignite mine in Tamil Nadu s Cuddalore district, says Prasanna Kumar Motupalli. A section of the locals have been protesting against the project and in May, NLCIL had to shut five units of thermal power plant due to lignite shortage.
After the recent incorporation of its green energy arm, NLC India Renewables Ltd, the company is exploring the option of setting up a step-down subsidiary
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NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, 2023, NLC India said in a statement. NIRL will take over the existing renewable energy projects and assets owned by its parent company, it said.
NLC India, a state-owned mining and power company, has incorporated its subsidiary named NLC India Renewables (NIRL) to manage its existing renewable projects. NIRL will buy and manage renewable projects and assets owned by NLC India and focus on non-conventional and renewable energy sources like tidal, wind, solar, biomass, steam, geothermal, wave, waste, hybrid, and sustainable forms.