New Delhi: NLC India Limited, a Navratna Government of India enterprise, has announced the formation of a new Joint Venture (JV) company with Assam Power Distribution Company Limited (APDCL) to bolster renewable energy development in the state of Assam.
The newly incorporated entity, NIRL Assam Renewables Limited, has been registered with the Ministry of Corporate Affairs as of May 7, 2025. It is a joint venture between NLC India Renewables Limited (NIRL) — a wholly owned subsidiary of NLC India Limited — and APDCL, with equity participation in the ratio of 51:49 respectively.
The venture has been created to undertake green energy projects that will help meet the renewable power obligations in Assam. According to a regulatory , the primary objective of NIRL Assam Renewables Limited is to develop, operate, and maintain renewable energy projects in the region.
The establishment of this joint venture follows the approval from the Ministry of Coal, Government of India, which on March 7, 2025, conveyed the concurrence of the Department of Investment and Public Asset Management (DIPAM) for the formation of the JV.
Shares in the new company will be subscribed at a face value of Rs 10 each, with NIRL holding 51 percent ownership. The consideration for the share subscription is entirely in cash.
This development is in line with NLC India's broader strategy to expand its renewable energy footprint and support the Government of India’s mission to enhance green energy capacity nationwide.
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