NLC India Subsidiary Secures 600MW ESS Project from SECI
NLC India's subsidiary, NIRL, received a Letter of Award from SECI for a 600MW coupled with 300 MW / 1800 MWh Energy Storage Systems project. Power supply will be for 25 years, with supply commencing 24 months from the PPA effective date.
The award of a large-scale project, while positive, is for a subsidiary and its execution timeline is 24 months out. Its direct financial impact will be realized over the long term through the PPA.
The company has secured a significant new order, indicating business growth and expansion in the renewable energy sector.
NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has received a Letter of Award from Solar Energy Corporation of India Limited (SECI). The award is for setting up a 600MW coupled with 300 MW / 1800 MWh out of 1200 MW coupled with 600 MW / 3600 MWh Energy Storage Systems (ESS) in India under Tariff-based Competitive Bidding.
NIRL has accepted the Letter of Award on February 3, 2026. The contract involves the supply of power generated from the project 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 set for 24 months from the Effective Date of the PPA.
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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.