PTC India has approved a Joint Venture Agreement with NLC India Renewables Limited to explore green energy projects. The collaboration aims to develop projects up to 2000 MW, including solar, wind, hydro, and battery storage, across India. NLC India Renewables will hold 74%, while PTC India will hold 26%. This partnership seeks to enhance trading portfolio and advisory services, promoting long-term sustainability.
Joint Venture for Green Energy Development
PTC India has approved entering a Joint Venture Agreement with NLC India Renewables Limited to explore opportunities in green energy. This announcement was made on November 11, 2025. The joint venture aims to develop Green Energy Projects across India.
Project Details and Scope
The collaboration will focus on projects with a capacity of up to 2000 MW. This includes a variety of renewable energy sources such as solar, wind, hydro, and battery storage systems. The projects will be developed on a pan-India basis in a phased manner. NLC India Renewables will hold a 74% stake, while PTC India will hold a 26% stake.
Rationale and Expected Benefits
The JV company is expected to strategically expand in the renewable assets. This will enhance the trading portfolio and consultancy/advisory services, contributing to long-term sustainability and a green growth trajectory.
Source: BSE
