NLC signs MoU with Indian Oil Corporation to develop renewable projects in Tamil Nadu

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NLC India Ltd (NLCIL) has signed a memorandum of understanding (MoU) with Indian Oil Corporation Ltd (IOCL) for formation of a joint venture for establishment of renewable energy power projects in Tamil Nadu.

The MoU was signed on Monday at New Delhi, by Anurag Mittal, Chief General Manager, Commercial and Business research, NLCIL and Manoj Nanda, Chief General Manager, Alternate Energy, IOCL

The MoU will include the research of substantial scale Renewable Energy (RE)projects including Solar, Wind, Hybrid Power.

Speaking on the occasion, Shri Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited, stated that the partnership with IOCL marks a significant milestone in NLCIL’s strategic diversification into clean and sustainable energy sectors and emphasised on research of Renewable Energy Projects using various technologies to Solar, Wind, Hybrid, Battery Energy Storage System / Pumped Hydro Storage, environmentally friendly Hydrogen and any new possible RE methodology emerging in future.

Published on June 23, 2026

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