PTC India has formed a joint venture with NLC India Renewables Limited (NIRL) to explore opportunities in green energy projects across India. The collaboration aims to develop projects up to 2000 MW, including solar, wind, hydro, and battery storage systems. PTC India will hold a 26% stake in the joint venture, while NLC India Renewables Limited will hold 74%.
Strategic Alliance for Green Energy
PTC India announced a Joint Venture Agreement with NLC India Renewables Limited (NIRL) on December 12, 2025, to jointly pursue opportunities in the Green Energy sector. The partnership aims to leverage the strengths of both companies to develop a portfolio of renewable energy projects across India.
Projected Development and Scope
The joint venture will focus on the development of Green Energy Projects with a cumulative capacity of up to 2000 MW. This includes a diverse range of renewable energy sources, such as solar, wind, hydro, and battery storage systems, implemented on a pan-India basis. The execution of these projects will be subject to the fulfillment of conditions outlined in the joint venture agreement and the receipt of necessary regulatory approvals.
Equity and Governance Structure
As part of the agreement, NLC India Renewables Limited will hold a 74% shareholding in the joint venture, while PTC India will hold the remaining 26%. The agreement also includes provisions for the appointment of Nominee Directors on the Board of the JV Company, ensuring appropriate governance and strategic oversight. Both parties have the Right of First Refusal and Tag along rights.
Source: BSE
