NLC India incorporates new wholly-owned subsidiary NIGEL

NLC India Limited has incorporated a new wholly-owned subsidiary NLC India Green Energy Limited (NIGEL).

Currently, projects to the tune of 2 GW of renewable energy are under implementation and will be taken up by NIGEL, including 600 MW solar power project in Gujarat and 810 MW solar photovoltaic power project in Rajasthan. NIGEL will take care of planning, participating in upcoming renewable energy tenders, tendering, execution and commissioning of renewable projects. The subsidiary is expected to achieve 5 GW capacity by 2030 and contribute for carbon emission reduction.