NSEPress Release24 Jun 2026 · 24 Jun 2026, 08:14 pm
Press Release
NLC India Limited · NLCINDIA
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NLC India Limited has signed a joint venture agreement with OREDA Ltd. for the development of 1000 MW green energy projects in Odisha.
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NLC India Limited has informed the Exchange regarding a press release dated Jun 24, 2026, titled "NLC India Renewables limited Signs Joint Venture Agreement with OREDALtd. for development of Green Energy Projects in the State of Odisha.".
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NLC India Limited
(‘Navratna’ - Government of India Enterprise)
Registered Office: No.135, EVR Periyar High Road, Kilpauk, Chennai-600 010.
Corporate Office: Block-1, Neyveli-607 801, Cuddalore District, Tamil Nadu.
CIN : L93090TN1956GOI003507, Website: www.nlcindia.in
email: cosec@nlcindia.in Phone: 044-28369139
Lr. No. NLC/Secy/LODR/2026 Date: 24.06.2026
To To
National Stock Exchange of India Ltd. BSE Ltd.
Exchange Plaza, C-1, Block G, Phiroze JeeJeebhoy Towers,
Bandra Kurla Complex, Dalal Street,
Bandra (E) Mumbai – 400 051. Mumbai - 400 001.
Scrip Symbol : NLCINDIA Scrip Code: 513683
Sir/Madam,
Sub: Intimation under SEBI (LODR) Regulations, 2015 – Press Release
We furnish herewith a copy of Press Release dt. 24.06.2026 for your reference and record
please.
Thanking You,
Yours Faithfully,
For NLC India Limited,
Company Secretary
& Compliance Officer
Encl: As above
CCD/E/04 7 /2026
Date: 24.06.2026
PRESS RELEASE
NLC India Renewables limited Signs Joint Venture Agreement with OREDA
Ltd. for development of Green Energy Projects in the State of Odisha.
In a significant step towards strengthening India's clean energy transition and
supporting the nation's vision of "Viksit Bharat" and Net Zero Carbon, NLC India
Ren~wables Limited (NIRL), a Subsidiary Company of NLC India Limited has signed
a Joint Venture Agreement (JVA) with OREDA Ltd. for Establishment, Operation &
maintenance of 1000 MW Green Energy in the first phase and Development of any
other objectives, assets, ancillary activities in the Green energy area not limited to this
by forward and backward integration in the state of Odisha.
The JV was signed on 23rd June, 2026 at Odisha by Shri Devendra Pratap Singh,
Chief Executive Officer, NIRL and Shri Saidutta Biplab Keshari Pradhan, (CEO
OREDA) Special Secretary, Dept. of Energy, Govt. of Odisha, in august presence of
Shri Kanak Vardhan Singh Dea, Hon'ble Deputy Chief Minister, Odisha, Shri Vishal
Kumar Dev, (Chairman/OREDA) Addi. Chief Secretary, Dept. of Energy, Govt. of
Odisha, Dr. Prasanna Kumar Acharya, Director (Finance), NLCIL and other officials of
NLC India Limited and ORE DA Limited for installation and generation of 1000 MW
green energy power plant(s) across the State of Odisha in the first phase and to
operate and maintain the same, subject to establishing techno-commercial feasibility
and such approvals as may be required from the respective
Board(s)/Government(s),Ministry of Coal (MoC) or any other authority.
NIRL is the Wholly Owned Subsidiary (WoS) of NLC India Limited, a Navratna Central
Public Sector Enterprise under the administrative control of the Ministry of Coal,
Government of India, NIRL been actively expanding into large-scale renewable and
green energy initiatives including solar, wind, pumped hydro storage, Battery Energy
Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power and
waste-to-energy projects; •
Speaking on the occasion, Shri. Prasanna Kumar Motupalli, Chairman and Managing
Director, NLCIL, stated that the partnership with OREDA marks a significant milestone
in NLCIL's strategic diversification into clean and sustainable energy sectors and
emphasised on Development of Renewable Energy projects using various
technologies for Solar, Wind, Hybrid, Battery Energy Storage System I Pumped Hydro
Storage, Green Hydrogen and any new potential RE Technology emerging in future.
The strategic collaboration between NIRL and OREDA marks a major milestone in
strengthening India's clean energy ecosystem and reflects the shared commitment of
both organisations towards sustainable development, technological advancement and
nation-building through reliable and green energy solutions.
t, 0.. ,o_ b
Gdneral Manager
Corporate Communications