NLC India charts the growth strategy in emerging sectors

NLC India Ltd (NLCIL), a public sector enterprise, plans to invest Rs 1.25 lakh crore by 2030 to increase its power generation capacity from 6.7 GW to 20 GW, focusing heavily on renewable energy. ➞ Rs 65,000 crore dedicated to renewable energy and green technologies, including Rs 15,000 crore for battery energy storage systems to tackle intermittency and improve grid stability. ➞ Rs 45,000 crore allocated for thermal power projects, maintaining a balanced energy mix. ➞ Rs 15,000 crore earmarked for mining operations critical to integrated energy production. The company plans to finance this through internal accruals, domestic loans, IPOs (notably via its green energy subsidiary NLC India Renewables Ltd), and external commercial borrowings. The company is actively exploring global critical mineral mining, including lithium, cobalt, and copper, essential for clean energy technologies. ➞ Advanced talks are underway with a Russian government-backed firm for lithium mining equity in Mali, Africa, securing vital raw materials for India’s energy transition. ➞ NLCIL is expanding its mining portfolio domestically and internationally, having recently acquired phosphorite and limestone blocks in Chhattisgarh and pursuing mineral assets abroad.