NLC India Renewables Limited (NIRL), a wholly-owned subsidiary of NLC India Limited, has received a Letter of Intent (LoI) from Gujarat Urja Vikas Nigam Limited (GUVNL). The LoI is for setting up a significant 900 MW Solar Power Project. This project was awarded through a tariff-based competitive bidding process, and GUVNL will procure the power generated.
Major Renewable Energy Project Secured
NLC India Limited announced on July 30, 2026, that its wholly-owned subsidiary, NLC India Renewables Limited (NIRL), has been awarded a Letter of Intent (LoI) for a substantial new solar power project. The project, with a significant capacity of 900 MW, is to be developed in collaboration with Gujarat Urja Vikas Nigam Limited (GUVNL).
Competitive Bidding Process and Power Procurement
The award for the 900 MW Solar Power Project was secured through a rigorous tariff-based competitive bidding process, underscoring NLC India’s competitive edge in the renewable energy sector. As per the agreement, Gujarat Urja Vikas Nigam Limited (GUVNL) will be the off-taker, procuring all the power generated from this solar facility. This development marks a crucial step in NLC India’s ongoing expansion in the renewable energy domain.
Source: BSE
