NLC India Ltd and the Rajasthan government on Sunday signed an agreement to enter into a joint venture for setting up two power projects totalling 1125 megawatts at Rs 7,000 crore investment.
While 125 megawatt (MW) will be a lignite-based power plant another project will be a 1000 MW solar power plant, the Ministry of Coal said in a statement. "The MoU between NLC India Limited and RVUNL (Rajasthan Urja Vikas Nigam Ltd) entails a staggering investment of more than Rs 7000 crore," it said. NLC India, under the Ministry of Coal, is into lignite mining and setting up of thermal and renewable power-based plants.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.