NLC India Subsidiary Receives LOA for 600 MW Solar Power Projects in UP
NLC India's wholly-owned subsidiary, NIRL, received a Letter of Award from Bundelkhand Saur Urja Limited for setting up 600 MW solar power projects in Jalaun, Uttar Pradesh. The project was secured through tariff-based competitive bidding.
Securing a 600 MW solar project is a significant achievement, contributing to the company's growth in the renewable energy sector. However, the financial details and project timelines are not yet specified, limiting the immediate impact assessment.
The company has secured a new order for a significant solar power project, which is a positive development for its renewable energy business.
NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has received a Letter of Award from Bundelkhand Saur Urja Limited. Bundelkhand Saur Urja Limited is a joint venture between NHPC Limited and UPNEDA.
The award is for setting up Solar Power Projects of a total capacity of 600 MW (2x300 MW) at the Jalaun Solar Power Park, which has a total capacity of 1200 MW, located in the District Jalaun, Uttar Pradesh. The project was secured through a Tariff based Competitive Bidding process.
This intimation is provided in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
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