Reportedly, NLC India Limited has approved capital expenditure plan of Rs 1.25 trillion to expand its power generation capacity from 6.7 GW to 20 GW by 2030.
The investment breakdown includes Rs 650 billion for renewable energy and green initiatives, of which Rs 150 billion is earmarked for battery energy storage systems, Rs 450 billion for thermal capacity and Rs 150 billion for mining operations. The capex will be funded through internal accruals, domestic loans, initial public offerings, including that of its renewables arm and external commercial borrowings.