Joint Venture3 Jun 2025, 06:54 pm
NLC India Ltd Incorporates Joint Venture Company 'NLC Rajasthan Power Limited' with Rajasthan Rajya Vidyut Utpadan Nigam Limited
AI Summary
NLC India Limited (NLCIL) has incorporated a Joint Venture Company (JVC) named 'NLC Rajasthan Power Limited' with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) under the Ministry of Corporate Affairs with a 74:26 equity participation respectively. The JVC aims to develop, operate & maintain lignite mines and lignite based thermal power station. The Ministry of Coal (MoC), Government of India has conveyed the concurrence/ approval of DIPAM for the formation of the JV Company.
Key Highlights
- NLC India Ltd and Rajasthan Rajya Vidyut Utpadan Nigam Limited have incorporated a Joint Venture Company named 'NLC Rajasthan Power Limited' with 74:26 equity participation.
- The JVC aims to develop, operate & maintain lignite mines and lignite based thermal power station.
- The Ministry of Corporate Affairs has issued a Certificate of Incorporation dated 24 June, 2025 for the JVC.
- The Ministry of Coal (MoC), Government of India has conveyed the concurrence/ approval of DIPAM for the formation of the JV Company.