Government-owned lignite mining and power generation company NLC India (NLCIL) has secured a green loan of ¥154.64 billion (~$100 million) from Sumitomo Mitsui Banking Corporation under a recently signed external commercial borrowing framework.

The funding will be utilized to support capital expenditure for renewable energy projects through NLCIL’s subsidiary, NLC India Renewables, to help optimize margins and accelerate its green energy initiatives.

NLCIL said the funding is part of its Corporate Plan 2030 to support achieving 10 GW of renewable energy capacity and increase its portfolio’s ‘green share’ to 50% by 2030.

As of November 2025, NLCIL had a total installed renewable energy capacity of over 1,484 MW, comprising ground-mounted solar, rooftop solar, floating solar, and wind power projects. It had commissioned 106 MW as part of the second phase of its 300 MW solar project at Barsingsar in Bikaner, Rajasthan, during the same month.

The company’s solar portfolio includes multiple projects across India, including a 10 MW solar power plant in Neyveli, commissioned in 2015, supplying power to Tamil Nadu Generation and Distribution Corporation under a power purchase agreement, and a 130 MW solar project at Neyveli, implemented in two 65 MW blocks, commissioned in 2017 under the Central Public Sector Undertaking program.

Recently, NLCIL invited bids for the manufacturing and supply of 565.6 MWp crystalline bifacial solar modules for an 810 MW solar project at the RVUN Solar Park in Pugal, Bikaner, Rajasthan.

In November, the company commissioned 106 MW as part of the second phase of its 300 MW solar project at Barsingsar in Bikaner, Rajasthan. The first phase of the project, with a capacity of 52.83 MW, was declared commercially operational on August 26, 2025.

Earlier this year, NLC India granted an in-principle approval to invest up to ₹16.3 billion (~$190 million) in one or more tranches in NLC India Renewables. This investment will be utilized to support renewable energy projects via capital expenditure funding.