Deals4 Sept 2026, 10:30 pm
NLC India Subsidiary Wins 275 MW Battery Storage Project in Gujarat
AI Summary
NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Ltd, has emerged as the successful bidder for a 275 MW / 550 MWh Standalone Battery Energy Storage Systems project in Gujarat. The tender was floated by Gujarat Urja Vikas Nigam Ltd. (GUVNL) under Tariff-Based Competitive Bidding. NIRL has received a Letter of Intent from GUVNL for the development of this project, marking a significant step in expanding the company's renewable energy and storage capabilities.
Key Highlights
- NLC India subsidiary secured a 275 MW battery storage project.
- Project located in Gujarat, awarded by GUVNL.
- Development follows a competitive bidding process.
- Indicates expansion in renewable energy infrastructure.
Price Impact
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