New Delhi: NLC India Limited has informed the stock exchanges that its wholly owned subsidiary, NLC India Renewables Limited (NIRL), has secured a 300 MW wind power project in Gujarat.
NIRL participated in a tender floated by Gujarat Urja Vikas Nigam Limited (GUVNL) for 250 MW of grid-connected wind power projects under Phase XI, with an option to award an additional capacity of up to 250 MW under the Greenshoe provision.
The company was initially declared the successful bidder for 100 MW. It subsequently accepted another 100 MW under the Greenshoe option and a further 100 MW of additional Greenshoe capacity, taking the total awarded capacity to 300 MW.
NIRL has received the Letter of Intent (LoI) from GUVNL for developing the wind power projects.
The company disclosed the development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
