NLC India Ltd has entered into Joint Venture Agreements for formation of two significant Joint Ventures (JVs) with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL).
First JV between NLC India Renewables Limited (NIRL) and RRVUNL to establish Renewable Energy projects in the state of Rajasthan and Second JV between NLCIL and RRVUNL for the development of a Lignite-Based Thermal Power Station.
In the presence of Shri. Alok, IAS, Additional Chief Secretary (ACS), Energy, Govt. of Rajasthan and Shri. Prasanna Kumar Motupalli, CMD, NLCIL, the JV agreements were signed by Dr. Prasanna Kumar Acharya, Director (Finance), NLCIL and Shri Devendra Shringi, CMD, RRVUNL. In both the Joint Ventures (JVs), NLCIL will hold a 74% equity stake, while RRVUNL will hold 26%.
