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NLC India to Invest Rs. 1.25tn Capex by 2030

NLC India Ltd, a public sector enterprise, is planning to invest Rs. 1.25 trillion by 2030 to expand its capacity from the existing 6.7 gigawatt to 20 gigawatt, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of the company has said.

He said, out of Rs. 1.25 trillion planned capex, the company will be spending around Rs. 650 billion on renewables and other green initiatives, while around Rs. 450 billion will be earmarked for thermal and around 150 billion for mining.

The official elaborated that out of the Rs. 650 billion capex on renewables, around Rs. 150 billion will be on the battery storage system.

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