In a move aimed at accelerating India’s clean energy transition and supporting the country’s vision of Viksit Bharat and Net Zero Carbon emissions, NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with Indian Oil Corporation Limited (IOCL) to explore the formation of a joint venture for developing renewable energy projects in Tamil Nadu.
The MoU was signed on June 22, 2026, in New Delhi by Shri Anurag Mittal, Chief General Manager (Commercial & Business Development), NLC India Limited, and Shri Manoj Nanda, Chief General Manager (Alternate Energy), Indian Oil Corporation Limited. The signing ceremony was attended by Dr. Prasanna Kumar Acharya, Director (Finance), NLC India Limited; Shri Suman Kumar, Director (Planning & Business Development), IOCL; Shri Joydeep Chaudhary, Executive Director, IOCL; and Shri Devendra Pratap Singh, Executive Director (Planning & Business Development), NLC India Limited.
Under the proposed collaboration, the two companies will explore opportunities to develop large-scale renewable energy projects, including solar, wind, hybrid power systems, and projects integrated with energy storage solutions such as battery energy storage systems (BESS) and pumped storage facilities. The partnership will also evaluate opportunities for supplying renewable power to commercial and industrial consumers, distribution companies (DISCOMs), power exchanges, e-mobility applications, and green energy-based industrial processes.
In addition, the proposed joint venture will assess opportunities across the renewable energy value chain, including green synthetic fuels, green chemicals, solar module manufacturing, and other emerging clean energy segments, subject to mutual agreement and techno-commercial feasibility.
NLC India Limited, a Navratna Central Public Sector Enterprise under the administrative control of the Ministry of Coal, Government of India, has nearly seven decades of distinguished presence in mining and power generation. While strengthening its conventional power portfolio, NLCIL has also 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 & Managing Director, NLC India Limited stated that the partnership with IOCL marks a significant milestone in NLCIL’s strategic diversification into clean and sustainable energy sectors and emphasized on development of Renewable Energy Projects using various technologies for Solar, Wind, Hybrid, Battery Energy Storage System Pumped Hydro Storage, Green Hydrogen and any new potential RE Technology emerging in future.
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The strategic collaboration between NLCIL and IOCL marks a major milestone in strengthening India’s clean energy ecosystem and reflects the shared commitment of both organizations towards sustainable development, technological advancement and nation building through reliable and green energy solutions.
