PTC India and NLC India Renewables Join Hands to Expand Green Energy Opportunities
September 23, 2026
PTC India and NLC India Renewables have formed a new joint venture to pursue opportunities in India’s growing renewable energy sector. The partnership brings together PTC India’s expertise in power trading and NLC India Renewables’ capabilities in renewable energy development.
The new venture, NIRL PTC Renewables Ltd., has been incorporated with NLC India Renewables holding a 74% stake and PTC India holding the remaining 26%.
PTC India has subscribed to 26,000 equity shares with a face value of ₹10 each, contributing its share of the initial equity capital in cash. The formation of the venture has also received the required approval from the Department of Investment and Public Asset Management (DIPAM).
The joint venture is intended to identify, evaluate and pursue opportunities in the green energy space. These could include renewable power generation and related clean-energy projects, subject to the necessary commercial arrangements and regulatory approvals.
The partnership combines the complementary strengths of the two companies. PTC India has an established presence in the electricity market and power trading, while NLC India Renewables is focused on developing renewable energy capacity.
The formation of the JV comes as India continues to expand renewable power generation and strengthen its clean-energy infrastructure. Partnerships between established power-sector companies could support the development, commercialization and sale of renewable electricity.
At this stage, the companies have not disclosed a specific project pipeline or committed project capacity for the new venture. The eventual scale and impact of NIRL PTC Renewables will therefore depend on the projects it identifies and develops.
The new company provides the two partners with a dedicated platform to explore green-power opportunities while leveraging their respective experience across renewable development and the electricity market.
