NLC India Subsidiary Bags 900 MW Solar Project LoI from GUVNL
NLC India Limited's subsidiary, NIRL, received a Letter of Intent from GUVNL for a 900 MW Solar Power Project. The project was awarded via competitive bidding, with GUVNL procuring the power. Announcement date: July 30, 2026.
Securing a 900 MW solar project is a material development that will contribute to the company's growth in the renewable energy sector, impacting future revenues and operational capacity.
The company has secured a significant new order for a large solar power project, which is positive for its business expansion and renewable energy portfolio.
NLC India Limited, a Government of India Enterprise, has announced that its wholly-owned subsidiary, NLC India Renewables Limited (NIRL), has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL). The LoI is for setting up a significant 900 MW Solar Power Project.
This project was awarded to NIRL through a competitive tariff-based bidding process. GUVNL will be the sole procurer of the power generated from this solar project, marking a substantial expansion in NLC India's renewable energy portfolio.
The announcement was made on July 30, 2026.
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