NLC India Secures 110 MW Solar Project Contract from NCRTC
NLC India Limited has been awarded a contract by NCRTC to set up a 110 MW grid-connected solar PV power project in Uttar Pradesh. The contract includes the supply of power for 25 years, with project execution expected within 24 months of the PPA's effective date.
The new order contributes to the company's renewable energy portfolio and revenue stream, but it is not a transformative deal. The project execution timeline of 24 months indicates a medium-term impact.
The company has secured a new order for a significant solar power project, which is a positive development for its business.
NLC India Limited has received a Letter of Acceptance from National Capital Region Transport Corporation Limited (NCRTC) for setting up 110 MW (AC) Grid Connected Solar PV Power Projects in Uttar Pradesh under Captive Mode. The contract was awarded against Bid No. DM/EL/COR-OF/282.
The project involves the setting up of the solar power plant and the supply of generated power for a period of 25 years under a Power Purchase Agreement (PPA). The Scheduled Commencement of Supply Date (SCSD) for supplying power from the full project capacity is expected within 24 months from the Effective Date of the PPA.
This order is from a domestic entity, and the nature of the contract is power generation and supply. NLC India Limited has confirmed that there is no interest from promoters or group companies in NCRTC, and the contract does not fall within related party transactions.
What to do with a filing like this
NLC India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by NLC India Limited. Read the original for the full detail.