NLC India (NLCIL), a government-owned lignite mining and power generation company, has secured a green loan of JPY 154.64 billion from Sumitomo Mitsui Banking Corporation.

This loan, under an external commercial borrowing framework, will support capital expenditure for renewable energy projects through NLCIL’s subsidiary, NLC India Renewables. The funding is part of NLCIL’s Corporate Plan 2030, aimed at achieving 10 GW of renewable energy capacity and increasing its ‘green share’ to 50 percent by 2030. As of November 2025, NLCIL had an installed renewable energy capacity of over 1,484 MW, including solar and wind projects.

Recently, the company commissioned 106 MW as part of its 300 MW solar project in Bikaner, Rajasthan. NLCIL is also expanding its solar portfolio, with projects across India, including a 130 MW solar project in Neyveli. The company is working on an 810 MW solar project at RVUN Solar Park in Rajasthan.