PTC India and NLC India Renewables Limited (NIRL)Â have formed a joint venture (JV) company named NIRL PTC Renewables Limited. The JV will develop green energy projects and explore related opportunities in the sector.
NIRL holds a 74 per cent stake in the JV, while PTC India holds the remaining 26 per cent. The Ministry of Corporate Affairs issued the certificate of incorporation on September 16, 2026. Moreover, the incorporation received approval from the Department of Investment and Public Asset Management, Ministry of Finance, before the company was set up. The shares were subscribed at a face value of Rs 10 per equity share.