NLC India arm bags TNGECL contract to develop standalone BESS projects

NLC India Renewables Ltd has secured a contract from Tamil Nadu Green Energy Corporation Ltd to develop three standalone Battery Energy Storage System projects with a total capacity of 250 MW/500 MWh. These projects will operate under a build-own-operate model with viability gap funding. NLC India Ltd reported a significant increase in consolidated profit for the March quarter of FY25.