Union Cabinet Approves Investment Exemption for NLCIL to Accelerate Renewable Energy Growth

The Union Cabinet has granted NLC India Limited (NLCIL) a special exemption from investment guidelines, allowing it to invest Rs. 7,000 Crore in its subsidiary, NLC India Renewables Limited (NIRL). This move aims to support NLCIL's goal of developing 10.11 GW of renewable energy capacity by 2030 and 32 GW by 2047, aligning with India's COP26 commitments for a low-carbon economy. The approval is expected to enhance India's green energy leadership, reduce fossil fuel dependence, and create significant employment opportunities.

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