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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

collaborative partnerships that accelerate the country’s transition to green energy. He added that
Maharashtra’s renewable potential is immense, and with the proven expertise of NIRL in project
execution and the regional strength of MAHAPREIT, this joint venture will serve as a catalyst for
sustainable growth and energy security. The coal sector is actively supporting the decarbonization
journey, and such partnerships embody the synergy needed to achieve our national targets for
renewable energy deployment and climate resilience, said the secretary.

This Joint Venture Agreement stands as a testament to the credibility of NLC India Limited, its renewable
arm NIRL, and the growing trust in its technological and operational prowess in delivering world-class
green energy solutions across India.

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Research, analysis & compilation by:

Economic Policy & Planning Team - FIPI

Email: pankhuri@fipi.org.in

Note: The information contained herein is compiled from various sources considered reliable, but its
accuracy and completeness are not warranted, nor are the opinions and analyses that are based on it.
FIPI is not responsible for any errors or omissions, nor shall it be liable for any loss or damage incurred
by reliance on information or any statement contained herein. While reasonable care has been
exercised to ensure that no copyrights are infringed, in case there is any omission or oversight in this
regard, we may please be informed immediately.

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