NLC India to Invest Rs 1.25 Lakh Crore by 2030 to Boost Power Capacity

New Delhi: Public sector company NLC India Ltd has announced a major capital expenditure plan of Rs 1.25 lakh crore by the year 2030. This plan aims to boost the company's power generation capacity from 6.7 gigawatts to 20 gigawatts.

 

According to Chairman and Managing Director Prasanna Kumar Motupalli, Rs 65,000 crore will go into renewable and green projects, with Rs 15,000 crore set aside for battery storage systems. Additionally, Rs 45,000 crore will be allocated for thermal power projects, and Rs 15,000 crore will support mining operations.

 

To fund the plan, NLC India will use internal funds, domestic loans, initial public offerings, and external commercial borrowings.

 

The company is also looking into international consulting opportunities in countries like Sri Lanka, Bhutan, Nepal, Myanmar, various regions in Africa, and the Middle East. Furthermore, NLC India aims to acquire overseas mineral assets needed for battery manufacturing, such as vanadium, cobalt, lithium, and copper.

 

This investment represents an important step in India's public sector involvement in the global transition to clean and sustainable energy.

According to Chairman and Managing Director Prasanna Kumar Motupalli, Rs 65,000 crore will go into renewable and green projects, with Rs 15,000 crore set aside for battery storage systems. Additionally, Rs 45,000 crore will be allocated for thermal power projects, and Rs 15,000 crore will support mining operations.

 

To fund the plan, NLC India will use internal funds, domestic loans, initial public offerings, and external commercial borrowings.

 

The company is also looking into international consulting opportunities in countries like Sri Lanka, Bhutan, Nepal, Myanmar, various regions in Africa, and the Middle East. Furthermore, NLC India aims to acquire overseas mineral assets needed for battery manufacturing, such as vanadium, cobalt, lithium, and copper.

 

This investment represents an important step in India's public sector involvement in the global transition to clean and sustainable energy.