Overview
- On July 16, the Cabinet Committee on Economic Affairs granted NLC India a waiver from standard investment rules to channel up to ₹7,000 crore into NIRL without seeking government approvals.
- NIRL currently operates 2 GW of renewable capacity across seven projects and plans to raise ₹4,000 crore through its IPO to fund part of its expansion.
- NLC India has earmarked ₹50,000–60,000 crore for renewable investments over the coming years, combining internal equity with external debt.
- The renewable arm aims to increase capacity from 1.4 GW today to 10 GW by 2030 and 32 GW by 2047 to meet India’s net-zero targets.
- Due diligence is expected to conclude by March 2026, with a draft red herring prospectus filing in Q1 FY27 ahead of the IPO in Q2.