Joint Venture13 Dec 2025, 12:01 pm
PTC India Ltd Enters Joint Venture Agreement with NLC India Renewables Limited for Green Energy Projects
AI Summary
PTC India Ltd has entered into a Joint Venture Agreement with NLC India Renewables Limited (NIRL) to collaborate and mutually explore opportunities in areas including but not limited to development of Green Energy Projects (up to 2000 MW) i.e., solar, wind, hydro, battery storage system, etc. on pan India basis in phased manner. The JV Company will be owned 74% by NLC India Renewables Limited and 26% by PTC India Limited. The agreement also prescribes for the Right of First Refusal and Tag along rights.
Key Highlights
- PTC India Ltd and NLC India Renewables Limited have entered into a Joint Venture Agreement for Green Energy Projects.
- The JV Company will be owned 74% by NLC India Renewables Limited and 26% by PTC India Limited.
- The JV will explore opportunities in areas including but not limited to development of Green Energy Projects on pan India basis in phased manner.
- The agreement prescribes for the Right of First Refusal and Tag along rights.
- The JV does not fall within related party transactions.