Cabinet approves ₹20,000 crore for NTPC, ₹7,000 crore for NLCIL - Check details
- The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, approved ₹7,000 crore for NLC India Limited to invest in its subsidiary, NLC India Renewables Limited, without prior approval under existing guidelines.
- This investment allows NLC India Limited and NLC India Renewables Limited to operate with greater financial flexibility, supporting NLC India Limited's goal of developing 10.11 GW of Renewable Energy capacity by 2030, increasing to 32 GW by 2047.
- The approval aligns with India's COP26 commitments to transition to a low-carbon economy and achieve 500 GW of non-fossil fuel energy capacity by 2030, contributing to Net Zero emissions by 2070.
- NLC India Limited's expansion into renewable energy is expected to lower fossil fuel dependence, improve power supply reliability, and generate significant employment for local communities during construction and operation phases.
14 Articles
14 Articles
Cabinet Eases Investment Rules For NLC India To Fast-Track Green Energy Drive
The Cabinet Committee on Economic Affairs, chaired by PM Modi, on Wednesday approved a special exemption for NLC India Limited from the prevailing investment guidelines applicable to Navratna Central Public Sector Enterprises.
Renewable Energy: This time the Union Cabinet has approved an investment of 20 thousand crore rupees in NTPC.
Share Market News: NTPC's stock will rise further, government is going to give 20 thousand crores
Share Market News: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has recently given important approval to two major government companies, National Thermal Power Corporation Limited (NTPC) and Neyveli Lignite Corporation India Limited (NLCIL) for investing in the renewable energy sector. This move will accelerate the increase in India's renewable energy capacity and achieve clean energy goals.NTPC to invest R…
Amit Shah hails cabinet decisions on agri scheme, enhancement of NTPC's investment limit
NEW DELHI, Jul 16: Home Minister Amit Shah on Wednesday hailed the Union Cabinet’s approval of a new scheme for the agricultural sector and the decision to enhance the investment limit of state-owned NTPC and NLCIL saying these will make farming profitable, farmers self-reliant and villages prosperous besides boosting the country’s energy sector. The decisions were taken at a meeting of the Cabinet, chaired by Prime Minister Narendra Modi here. …
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