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.