Press Release

NLC India Limited has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) for the formation of a Joint Venture (JV). This JV aims to develop large-scale renewable energy projects, including solar, wind, and hybrid power with energy storage, in Tamil Nadu. The projects will supply renewable power to third parties, C&I consumers, Discoms, and support applications like e-mobility and green fuels. This strategic collaboration marks a significant step towards India's clean energy transition and NLCIL's diversification into sustainable energy sectors.