Energy transition: Cabinet clears Rs 7,000 crore NLCIL investment...

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Energy transition: Cabinet clears Rs 7,000 crore NLCIL investment in renewables; PSU gets exemption from prior approval to fast-track 10 GW green push

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The Cabinet Committee on Economic Affairs has approved an exemption for NLC India Ltd, allowing a Rs 7,000 crore investment in its renewable energy subsidiary without prior government approval or net worth restrictions. This decision supports NLCIL's ambitious renewable energy targets of 10.11 GW by 2030 and 32 GW by 2047, aligning with India's COP26 commitments and Net Zero goals.

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