NLC India Subsidiary Signs JV with OREDA for 1000 MW Green Energy Projects in Odisha
NLC India Renewables Limited (NIRL) has signed a Joint Venture Agreement (JVA) with OREDA Ltd. to develop 1000 MW of green energy projects in Odisha. The agreement was signed on June 23, 2026. This collaboration aims to strengthen India's clean energy transition and support Net Zero Carbon goals.
The joint venture involves a substantial capacity of 1000 MW in its first phase, indicating a significant expansion into green energy. While the exact financial investment is not detailed, the scale of the project suggests a medium-term impact on the company's future growth and market position in the renewable energy sector.
The announcement details a significant joint venture for developing green energy projects, which aligns with national clean energy goals and NLCIL's strategic diversification. This is viewed as a positive development for the company and the renewable energy sector.
NLC India Renewables Limited (NIRL), a subsidiary of NLC India Limited, has signed a Joint Venture Agreement (JVA) with OREDA Ltd. for the development of green energy projects in Odisha. The initial phase aims to establish, operate, and maintain 1000 MW of green energy capacity. This collaboration is a significant step towards strengthening India's clean energy transition and supporting the nation's vision of "Viksit Bharat" and Net Zero Carbon.
The JV agreement was signed on 23rd June 2026 in Odisha. Shri Devendra Pratap Singh, CEO of NIRL, and Shri Saidutta Biplab Keshari Pradhan, CEO of OREDA and Special Secretary, Department of Energy, Government of Odisha, were among the signatories. The event was attended by Shri Kanak Vardhan Singh Dea, Hon'ble Deputy Chief Minister of Odisha, and Shri Vishal Kumar Dev, Additional Chief Secretary, Department of Energy, Government of Odisha, along with other officials from NLC India Limited and OREDA Limited.
NIRL, a wholly-owned subsidiary of NLC India Limited, is actively involved in expanding its renewable and green energy initiatives. These include solar, wind, pumped hydro storage, Battery Energy Storage Systems (BESS), green hydrogen, low-carbon round-the-clock power, and waste-to-energy projects.
Speaking on the occasion, Shri Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL, stated that the partnership with OREDA represents a significant milestone in NLCIL's strategic diversification into clean and sustainable energy sectors. He emphasized the development of renewable energy projects using various technologies such as Solar, Wind, Hybrid, Battery Energy Storage System, Pumped Hydro Storage, Green Hydrogen, and any new potential RE technologies emerging in the future.
This strategic collaboration between NIRL and OREDA is a major milestone in strengthening India's clean energy ecosystem. It reflects the shared commitment of both organizations towards sustainable development, technological advancement, and nation-building through reliable and green energy solutions.
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NLC India Limited filed this with the NSE as a statutory disclosure, categorised under joint ventures. 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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