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Bloomberg Quint

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NLC India To Invest Rs 1.25 Lakh Crore Capex By 2030, Bets Big On Renewable Energy

  • NLC India Ltd. plans to invest Rs 1.25 lakh crore by 2030 to expand its capacity from 6.7 gigawatts to 20 gigawatts, with a significant focus on renewable energy.
  • Out of the planned capex, around Rs 65,000 crore will be allocated to renewables, Rs 45,000 crore to thermal, and Rs 15,000 crore to mining.
  • NLC India Renewables Limited, a subsidiary, is expected to undergo an Initial Public Offering (IPO) to raise funds for green energy projects.
  • The company is also exploring opportunities to invest in critical minerals abroad and looking into battery mineral assets like Vanadium, Cobalt, Lithium, and Copper.

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