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NLC India rose 1.03% to Rs 225.10 after its wholly owned subsidiary, NLC India Renewables, received a letter of award (LoA) from Tamil Nadu Green Energy Corporation (TNGECL) for developing standalone battery energy storage system (BESS) projects.

NLC India gains after renewables arm secures BESS project in Tamil Nadu

23-Jun-2025, 10:34
The award includes the development of three BESS projects with a total capacity of 250 MW and 500 MWh. These projects will be installed at the 400/230/110 kV substations in Ottapidaram, Annpankulam, and Kayathar in Tamil Nadu.

This is NLCIL Group's first large-scale BESS initiative and marks a key milestone in its clean energy transition.

According to the company statement, the projects will be carried out using the Build-Own-Operate (BOO) model. They were obtained through tariff-based competitive bidding under the State Component of the Viability Gap Funding (VGF) scheme.

NLC India is a 'Navratna' government of India company engaged in lignite mining and power generation. As of 31 March 2025, the Government of India held a 72.20% stake in the company.

The public sector undertaking's consolidated net profit zoomed 321.83% to Rs 481.96 crore on an 8.34% increase in revenue from operations to Rs 3,836 crore in Q4 FY25 over Q4 FY24.