NLC India Ltd, a public sector enterprise, is planning a massive investment of ₹1.25 lakh crore by 2030 to expand its power generation capacity from the current 6.7 gigawatt to 20 gigawatt. The company’s Chairman and Managing Director, Prasanna Kumar Motupalli, shared that this growth will be driven by both renewable and conventional energy sources.
Out of the planned ₹1.25 lakh crore capital expenditure, ₹65,000 crore will be dedicated to renewable energy and green initiatives. Around ₹15,000 crore of this will be allocated to battery storage systems. An estimated ₹45,000 crore will be spent on thermal projects, while ₹15,000 crore is set aside for mining.
“We are having an aggressive capacity addition plan, adding the renewable capacity as well as the conventional capacity to take the capacity from the existing 6.7 gigawatt to 20 gigawatt. For that, the Capex requirement is around 1.25 lakh crore by 2030,” Motupalli said.
To fund this investment, NLC is arranging finances through internal accruals, domestic loans, Initial Public Offerings (IPOs), and External Commercial Borrowings (ECBs). The company is also exploring business expansion abroad. It is planning to start consulting operations in Sri Lanka, Bhutan, Nepal, Myanmar, Africa and the Middle East
NLC is also looking at acquiring battery mineral assets globally, especially in vanadium, cobalt, lithium and copper. Recently, the company secured two critical mineral blocks in Chhattisgarh. Building on that experience, it is now conducting due diligence for lithium mines in Mali and copper and cobalt mines in Congo.
NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC, is expected to launch an IPO this financial year to raise funds for its green energy projects. NLC has already received in-principle approval to invest up to ₹3,720 crore in NIRL, subject to final approvals.
The company also signed an agreement with the Telangana government to supply 200 MW of renewable energy, with a project in Gujarat likely to be completed in the current financial year. In the last financial year, NLC India posted a consolidated net profit of ₹2,714 crore on a total operational income of ₹15,283 crore.
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