NLC India Limited has announced that its wholly owned subsidiary, NLC India Renewables Limited (NIRL), has secured a major renewable energy project from the Solar Energy Corporation of India Limited (SECI). The development was disclosed through an official stock exchange filing dated February 3, 2026.
Under the award, NIRL will develop a 600 MW renewable power generation project integrated with a 300 MW / 1,800 MWh Energy Storage System (ESS). The project has been awarded through SECI’s tariff-based competitive bidding process and forms part of a larger tender framework comprising 1,200 MW of renewable capacity supported by 600 MW / 3,600 MWh of energy storage.
The company confirmed that it has formally accepted the Letter of Award (LoA) on February 3, 2026, committing to the development, operation, and maintenance of the project. Classified as a domestic power generation and supply project, the initiative is expected to play a crucial role in enhancing grid stability and strengthening India’s renewable energy infrastructure.
As per the terms of the contract, a Power Purchase Agreement (PPA) with SECI will remain valid for 25 years, ensuring long-term offtake and revenue visibility. The entire project capacity is scheduled to be commissioned within 24 months from the effective date of the PPA, with power supply commencing from the Scheduled Commencement of Supply Date (SCSD).
NLC India further stated that the transaction complies with SEBI’s disclosure norms, confirming that neither its promoters nor group companies have any interest in SECI and that the contract does not constitute a related-party transaction.
This latest win marks a significant milestone for NLC India Limited, a Navratna public sector enterprise, as it continues to scale up its renewable energy portfolio through its dedicated renewables arm, aligning with India’s long-term clean energy transition goals.
