Under his leadership, NLCIL aggressively expanded its green footprint by launching initiatives in Green Hydrogen, Battery Energy Storage Systems, and Pumped Storage Projects, while also venturing into the critical minerals sector to secure long-term assets. This clear focus on sustainable growth and energy transition resulted in an unprecedented rise in market capitalization, reflecting deeply reinforced trust from investors, financial institutions, and business partners. Long-pending projects were expedited, and a strong culture of project management excellence, mine productivity, and digital transformation was successfully established.

Beyond business growth, Shri Motupalli emphasized safety, environmental sustainability, employee welfare, and community development. His dedication to fostering a safety-first culture and team innovation boosted workforce morale and earned the company numerous prestigious national and international accolades. In his farewell address, he expressed deep gratitude to the workforce and voiced his absolute confidence that NLCIL’s strong institutional foundation would enable it to continue driving India’s energy security and sustainable development under future leadership.

This high-profile venture signals a major diversification for NLC India as it aggressively expands its footprint into the clean and renewable energy sectors. By combining NLC India’s power generation expertise with Indian Oil’s extensive industrial reach, the partnership aims to rapidly scale up green infrastructure in the region. The details of the agreement were formally shared in a regulatory filing to the Bombay Stock Exchange, highlighting both companies’ commitment to accelerating India’s transition to a low-carbon economy.

The purpose of the joint venture is to undertake development, construction, operation and maintenance of renewable energy projects (solar, floating solar, PSP, wind and allied activities) in Uttar Pradesh and sale of power as per applicable law or policies. The shareholding of the JV company is 51% of Coal India Ltd (Balance 49% equity stake by U.P. Rajya Vidyut Utpadan Nigam Limited UPRVUNL).

The MoUs were signed in the presence of Shri Suprakash Adhikari, Director (Technical), NHPC, by Shri Rajat Gupta, Executive Director (SBD & C), NHPC, along with Shri Rohit Yadav, Secretary (Energy), Government of Chhattisgarh, and Shri Sanjeev Kumar Katiyar, Managing Director of CSPGCL. The signing ceremony underscored a shared commitment to strengthening India’s energy infrastructure and promoting sustainable storage solutions.

Shri Rohit Yadav emphasized that these projects are a pivotal step in enhancing Chhattisgarh’s energy security and aligning with national energy goals. He highlighted that the development of such large-scale pumped storage facilities would not only support grid stability but also promote renewable energy integration in the state.

Shri Suprakash Adhikari reaffirmed NHPC’s dedication to advancing sustainable energy storage technologies. The projects are expected to play a crucial role in India’s transition towards cleaner energy sources, ensuring reliable power supply and contributing to the country’s climate commitments.

This collaboration signifies a major milestone in India’s renewable energy journey, leveraging innovative storage solutions to meet increasing energy demands while supporting environmental sustainability.

This collaboration aims to form a Joint Venture Company to develop, own, operate, and maintain Pumped Storage Projects (PSP) and other Hydro -Projects and marks a significant step toward India’s transition to a cleaner and more sustainable energy future.

The Term Sheet was signed by our Director (Business Development), Shri Debasish Nanda and Mr. Federico D’Amico, Chief Executive Officer & Director, EDF India, in the presence of Shri Mohammad Afzal, Joint Secretary, Ministry of Power, and Mr. Luc Rémont, Chairman & Chief Executive Officer, EDF. Other senior officials from both companies were present on the occasion.