Mumbai, Jan. 14 -- The non-binding MoU envisages the development of solar, wind, hybrid and battery energy storage (BESS) projects, with an aggregate investment potential of approximately Rs 25,000 crore and generation of substantial employment opportunities.

The proposed projects shall be developed through the company's wholly owned subsidiary, NLC India Renewables (NIRL). The strategic collaboration aligns with the NLC India's corporate plan to achieve 10 GW of renewable energy capacity by 2030.

Meanwhile, the company's board approved the listing of NLC India Renewables (NIRL), in line with the Government of India's National Monetisation Pipeline targets. The listing will be carried through dilution of equity stake up to 25% in one or...