Context:
The Union Cabinet has granted NLC India Limited (NLCIL) a special exemption to invest ?7,000 crore in renewable energy projects without the need for prior approvals.

About NLCIL:

• Type: Navratna Central Public Sector Enterprise (CPSE)
• Established: 1956
• Headquarters: Neyveli, Tamil Nadu
• Ministry: Under Ministry of Coal
• Mission: Sustainable mining and leadership in green energy—balancing people, planet, and profit

Core Functions:

• Lignite and coal mining (India & abroad)
• Power generation (thermal and renewable)
• Sustainability initiatives: eco-restoration, afforestation, rainwater harvesting
• Implements clean mining tech, emission control, and CSR aligned with India’s Net Zero targets

Investment Exemption Highlights:

• Amount: ?7,000 crore for investment via NLC India Renewables Ltd (NIRL), a wholly owned subsidiary
• Purpose: Expansion in renewable energy—both existing and new projects
• Exemptions Include:
  • Waiver from 30% net worth cap by Dept. of Public Enterprises
  • Freedom from investment caps for Navratna CPSEs
  • No prior approval needed for direct or JV-based investments
• Coverage: Includes transfer of 2 GW RE assets and green energy expansion in line with national goals.

Source: NDTV