NLC India (NLCIL) has announced a Rs 1.25 lakh crore capital expenditure plan by 2030 to significantly expand its power generation capacity.
The company aims to grow from its current 6.7 GW to 20 GW, with a strong emphasis on renewable energy, according to Prasanna Kumar Motupalli, Chairman and Managing Director. Of the total investment, Rs 65,000 crore will be allocated to renewable projects and green initiatives, including Rs 15,000 crore for battery storage systems. An additional Rs 45,000 crore is earmarked for thermal power, and Rs 15,000 crore for mining.
NLC India Renewables is also planning an IPO, while NLCIL explores critical mineral mining opportunities globally. The proposed IPO is expected to help NIRL raise funds, which are likely to be used for green energy initiatives.