Joint Venture31 Aug 2026, 09:00 pm
NLC India forms JV for Green Energy Plant
AI Summary
NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has incorporated a Joint Venture Company named 'NIRL OREDA RENEWABLES LIMITED' with Odisha Renewable Energy Development Agency (OREDA). The JV aims to set up Green Energy Power Plant(s) with an equity participation of 51:49. The Ministry of Corporate Affairs issued the Certificate of Incorporation on August 31, 2026.
Key Highlights
- NLC India's subsidiary formed a new Joint Venture.
- The JV will focus on setting up Green Energy Power Plants.
- Equity participation is split 51% for NIRL and 49% for OREDA.
- The JV company was incorporated on August 31, 2026.
Price Impact
More from NLCINDIA