NLC India Ltd plans to set up a step-down subsidiary to operate its new-age renewable energy businesses, including battery storage. In an interview, Prasanna Kumar Motupalli, CMD, said that after the recent incorporation of its green energy arm, NLC India Renewables Ltd, company would invest more than ₹24,000 crore in its solar power projects till 2030 to diversify operations. So far, the company has an installed solar capacity of 1.42 gigawatts (GW) with a capex of ₹6,000 crore.
NLC India plans ₹24000 crore solar investment by 2030
