NLC India Limited, through its wholly owned subsidiary NLC India Renewables Limited (NIRL), has signed a Joint Venture Agreement with OREDA Ltd for development of green energy projects in Odisha.
The joint venture was signed on June 23, 2026, by Devendra Pratap Singh, Chief Executive Officer of NIRL, and Saidutta Biplab Keshari Pradhan, Special Secretary of the Department of Energy, Government of Odisha. The signing was held in the presence of Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha, and other officials from both organisations.
The agreement covers establishment, operation, and maintenance of 1,000 MW green energy capacity in the first phase. The scope includes forward and backward integration in green energy activities and development of ancillary assets across Odisha.
The partnership will develop projects using solar, wind, hybrid, Battery Energy Storage Systems, pumped hydro storage, and green hydrogen technologies. These projects are subject to techno-commercial feasibility and approvals from respective boards, the Government of Odisha, and the Ministry of Coal.
NIRL is the wholly owned subsidiary of NLC India Limited, a Navratna Central Public Sector Enterprise under the Ministry of Coal. NIRL has been expanding into large-scale renewable and green energy initiatives including solar, wind, pumped hydro storage, Battery Energy Storage Systems, green hydrogen, low-carbon round-the-clock power, and waste-to-energy projects.
NLC India Limited stated that the partnership advances NLC India Limited's diversification into clean energy sectors and contributes to India's Viksit Bharat vision and net-zero carbon objectives.
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