NLC forms renewable energy arm

New Delhi: State-owned NLC India Ltd on Friday announced the incorporation of a subsidiary company to undertake its existing renewable energy projects. NLC India Renewables Ltd (NIRL) was incorporated as a wholly-owned subsidiary on June 14, 2023, NLC India said in a statement. NIRL will take over the existing renewable energy projects and assets owned by its parent company, it said. Besides promoting the renewable energy business in India and abroad, the company will also develop power generation systems by non-conventional and renewable energy sources such as wind, hydro, solar, tidal, geothermal, biomass, steam, wave, waste, hybrid or any other form.