NLC India to raise Rs 5,000 cr via issuing bonds; board approves incorporation of wholly-owned subsidiary

New Delhi: Navratna PSU NLC India Limited said in a regulatory filing on Monday that the Board of Directors of the company has considered and approved the issuance of bonds in the form of debentures up to Rs 5,000 crores in the current financial year.

Board of NLC India approves incorporation of subsidiary

The PSU also stated that the Board has also approved the incorporation of a wholly-owned subsidiary named, “NLC India Renewables Limited” or any other name which will be approved by the Ministry of Corporate Affairs for taking over all the renewable assets.

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