NLC India Limited (NLCIL) has secured its first Green Loan under the External Commercial Borrowings (ECB) framework, amounting to JPY 154.64 billion (approximately USD 100 million) from Sumitomo Mitsui Banking Corporation (SMBC) on December 8, 2025, aimed at supporting renewable energy initiatives.
This funding is structured to enhance the cost-effectiveness of NLCIL’s Renewable Energy projects by exclusively financing capital expenditures through its subsidiary, NLC India Renewables Limited (NIRL).
The initiative is part of NLCIL’s Corporate Plan 2030, which aims to achieve 10 GW of renewable energy capacity, raising the green portion of its energy portfolio to 50% by 2030 and contributing to India’s commitment to reach net-zero emissions by 2070.
The agreement was signed by NLCIL’s Chief General Manager/Finance, D. Dhanapal, and SMBC’s Branch Head, Manoj Kaushik, with Dr. Prasanna Kumar Acharya, Director (Finance) & CFO of NLCIL, present at the signing ceremony.
Source – sarkaritel.com
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