NLC India Renewables Limited and NCRTC form joint venture NIRL NCRTC Renewables Limited for grid-connected solar PV projects

Type: Partnership · Technology: Solar · Country: India · Announced: 2026-05-29

NLC India Limited, through its renewable energy arm NLC India Renewables Limited, and the National Capital Region Transport Corporation (NCRTC) established a joint venture named NIRL NCRTC Renewables Limited to develop grid-connected solar photovoltaic (PV) power projects. NLC India Renewables Limited holds a 74% majority stake in the new entity, while NCRTC retains the remaining 26% stake. The partnership aims to enhance India's renewable energy capacity and support national sustainability goals by integrating solar power into the grid. NIRL NCRTC Renewables Limited will focus exclusively on solar PV projects, leveraging NLC's expertise in renewable energy development and NCRTC's infrastructure network. The joint venture aligns with India's decarbonization targets and the broader push for clean energy adoption across critical infrastructure sectors.

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