New Delhi: NLC India Limited on Thursday said that its wholly owned subsidiary, NLC India Renewables Limited, has incorporated a joint venture company with National Capital Region Transport Corporation (NCRTC) for development of grid-connected Solar PV power projects.
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The joint venture company has been incorporated under the name NIRL NCRTC Renewables Limited with an equity participation ratio of 74:26 between NLC India Renewables Limited and NCRTC, respectively.
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The proposed joint venture will focus on setting up grid-connected Solar PV power projects as part of the companies’ renewable energy initiatives.
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