Joint Venture17 Sept 2026, 05:30 pm
NLC India forms JV for Green Energy Projects
AI Summary
NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has incorporated a Joint Venture Company named 'NIRL PTC RENEWABLES LIMITED' with PTC India Limited. This JV aims to establish Green Energy Projects across India with an equity participation ratio of 74:26. The Ministry of Corporate Affairs has issued the Certificate of Incorporation for this new entity on September 16, 2026.
Key Highlights
- NLC India's subsidiary forms JV with PTC India.
- The JV will focus on setting up Green Energy Projects.
- Equity participation is set at 74% for NIRL and 26% for PTC India.
- Certificate of Incorporation received on September 16, 2026.
Price Impact
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