NLC India Limited (NLCIL)
Kartavya Desk Staff
Source: NDTV
Context: The Union Cabinet has approved a special investment exemption for NLC India Limited (NLCIL), allowing it to invest ₹7,000 crore in renewable energy without prior approvals.
About NLC India Limited (NLCIL):
• What It Is? A Navratna Central Public Sector Enterprise (CPSE) engaged in lignite mining and thermal, coal, and renewable power generation.
• A Navratna Central Public Sector Enterprise (CPSE) engaged in lignite mining and thermal, coal, and renewable power generation.
• Established: 1956
• Headquarters: Neyveli, Tamil Nadu
• Under: Ministry of Coal
• Mission: Integrating People, Planet, and Profit through sustainable mining and green energy leadership.
• Functions & Objectives:
• Mining of lignite and coal in India and abroad. Power generation from thermal and renewable sources. Undertakes major sustainability projects: eco-restoration, afforestation, rainwater harvesting. Implements clean mining technologies, emission control, and community-centric CSR. Aligns operations with India’s climate goals and Net Zero roadmap.
• Mining of lignite and coal in India and abroad.
• Power generation from thermal and renewable sources.
• Undertakes major sustainability projects: eco-restoration, afforestation, rainwater harvesting.
• Implements clean mining technologies, emission control, and community-centric CSR.
• Aligns operations with India’s climate goals and Net Zero roadmap.
Investment Exemption:
• What It Is?
• ₹7,000 crore investment allowed by NLCIL in its wholly-owned subsidiary NLC India Renewables Ltd (NIRL). NIRL can invest further via direct route or Joint Ventures (JVs) in RE projects. No need for prior approval, as required under usual CPSE guidelines.
• ₹7,000 crore investment allowed by NLCIL in its wholly-owned subsidiary NLC India Renewables Ltd (NIRL).
• NIRL can invest further via direct route or Joint Ventures (JVs) in RE projects.
• No need for prior approval, as required under usual CPSE guidelines.
• Exemption Details:
• Waiver of 30% net worth ceiling set by Dept. of Public Enterprises (DPE). Exemption from investment caps under “Navratna CPSE” rules.
• Waiver of 30% net worth ceiling set by Dept. of Public Enterprises (DPE).
• Exemption from investment caps under “Navratna CPSE” rules.
• Eligibility:
• Applies to NLCIL and NIRL for India’s renewable energy expansion plan. Covers transfer of 2 GW existing RE assets and new green investments.
• Applies to NLCIL and NIRL for India’s renewable energy expansion plan.
• Covers transfer of 2 GW existing RE assets and new green investments.