SMBC Injects 154.64 Billion into NLCIL's Renewable Future

NLC India Ltd (NLCIL), a government-owned lignite mining and power generation company, has secured a green loan of ¥154.64 billion from Sumitomo Mitsui Banking Corporation under the external commercial borrowing framework.

The funding will support capital expenditure for renewable energy projects through NLCIL’s subsidiary, NLC India Renewables, and forms a key part of the company’s Corporate Plan 2030. The plan targets the development of 10 GW of renewable energy capacity and aims to raise NLCIL’s green energy share to 50 per cent by 2030. As of November 2025, the company had an installed renewable energy capacity exceeding 1,484 MW, comprising both solar and wind projects.

Recently, NLCIL commissioned 106 MW of capacity under its 300 MW solar project in Bikaner, Rajasthan. The company is also expanding its solar footprint nationwide, including a 130 MW solar project in Neyveli, Tamil Nadu, and an upcoming 810 MW project at the RVUN Solar Park in Rajasthan.

News by Rahul Yelligetti.