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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.
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Renewable Energy: This time the Union Cabinet has approved an investment of 20 thousand crore rupees in NTPC.

·India
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Moneycontrol broke the news in India on Wednesday, July 16, 2025.
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