NLC India and Indian Oil Sign MoU to Explore Renewable Energy Opportunities
NLC India Limited and Indian Oil Corporation Limited have signed a Memorandum of Understanding (MoU) to jointly explore opportunities in the renewable energy sector and support India’s clean energy transition.
The agreement aims to leverage the strengths of both public sector enterprises in developing renewable energy projects, including solar, wind, energy storage and other emerging clean energy technologies. The collaboration is expected to focus on identifying commercially viable projects and evaluating opportunities across the renewable energy value chain.
Under the MoU, the two companies will assess the feasibility of forming joint ventures and strategic partnerships for the development of green energy assets. The partnership will also explore opportunities related to green hydrogen, green ammonia, battery energy storage systems and other low-carbon technologies that are gaining importance in India’s energy landscape.
NLC India, traditionally known for its lignite mining and thermal power operations, has been expanding its renewable energy portfolio in recent years through investments in solar and wind power projects. Indian Oil, meanwhile, has been pursuing diversification beyond conventional fuels through investments in renewable energy, biofuels, hydrogen and electric mobility infrastructure.
The collaboration aligns with the broader strategy of both companies to support India’s target of increasing non-fossil fuel-based power generation capacity and achieving long-term decarbonisation goals. By combining NLC India’s experience in power generation with Indian Oil’s extensive infrastructure network and energy sector expertise, the companies aim to accelerate the development of sustainable energy solutions.
The MoU reflects the growing trend of collaboration among public sector enterprises to develop large-scale renewable energy projects and emerging green technologies. As India’s energy demand continues to grow, such partnerships are expected to play an important role in expanding clean energy capacity while supporting the country’s energy security objectives.
The companies will now identify specific projects and business opportunities for further evaluation under the framework of the agreement, paving the way for potential investments in renewable and green energy infrastructure across the country.