<ul data-eligibleForWebStory="false"><li>NLC India's board approved an investment of over Rs 1,600 crore in its subsidiary, NLC India Renewables Ltd.</li><li>The investment will involve subscribing to equity shares pending stakeholder approvals and borrowing a term loan of $100 million for capex funding of renewable projects.</li><li>The company aims to achieve targets of 20 million tonnes of coal production and 25 MT of lignite production this financial year.</li><li>NLC India's stock closed 1.34% lower, with plans to maintain Ebitda margin following strong performance in the previous fiscal.</li></ul>

NLC India Approves Investment Of Over Rs 1,600 Crore In Subsidiary

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