India Hits 50% Green Power: NTPC, NLCIL Get ₹27,000 Crore Boost.

The Indian government has significantly bolstered the nation's clean energy drive with a massive ₹27,000 crore equity infusion into two of its leading state-run power giants: NTPC Ltd and NLC India Ltd (NLCIL). This substantial financial backing aims to accelerate their investments in the rapidly expanding renewable energy sector.

Of the total allocation, NTPC has received an "enhanced delegation" of ₹20,000 crore. This crucial funding will flow into NTPC Green Energy Ltd (NGEL), a subsidiary, enabling it to invest further in NTPC Renewable Energy Ltd (NREL) and other joint ventures and subsidiaries. This move expands NGEL's investment capacity beyond the previously approved limit of ₹7,500 crore, paving the way for up to ₹20,000 crore in renewable energy (RE) capacity additions. NTPC's ambitious goal is to achieve 60 GW of renewable energy capacity by 2032.

Meanwhile, NLCIL has been granted a special exemption, receiving a ₹7,000 crore equity injection. This funding is expected to play a pivotal role in boosting NLCIL's own renewable energy projects and contribute to India's broader clean energy targets.

This strategic investment underscores the Centre's commitment to expediting India's transition to a greener energy future, leveraging the capabilities of its public sector undertakings.