NLC India Ltd News & Stock Insights Today

The agreement was inked during the Gujarat Regional Conference for the development of large-scale renewable energy projects in the state.

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It is to be executed in one or more tranches through a public offer, subject to necessary regulatory and statutory approvals.

The joint venture agreement follows a memorandum of understanding that the two entities had signed earlier on September 8, 2025.

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On August 26, 2025, the business received the commissioning certificate from the Rajasthan Renewable Energy Corporation Limited.

Revenue from operations rose 13.2% YoY to ₹3,826 crore. This surge is up from ₹3,378 crore in the corresponding quarter of the previous fiscal.

The project will involve setting up a 450 MW hybrid power facility, combining both wind and solar energy sources, and will be connected to the interstate transmission system (ISTS).|

As per the terms of agreement, MAHAPREIT will support the acquisition of land and power evacuation infrastructure.

Earlier in May, the public sector enterprise entered into a power purchase agreement. It was for an 810 MW solar project in Rajasthan.