A Joint Venture Company namely ‘NIRL NCRTC Renewables Limited’ was incorporated by NIRL (a 100% owned subsidiary of NLC India Limited) on 27th May, 2026 in partnership with NCRTC, for setting up a 110 MW Captive Solar Power Plant in Uttar Pradesh, at an estimated cost of approximately ₹450 Crore, to be funded through 80:20 debt-equity ratio with NCRTC holding 26% equity stake. The plant, upon commissioning, will cater to approximately 60% of NCRTC’s energy requirements at a fixed tariff of ₹2.73 per unit for 25 years, resulting in saving of about 25% in energy bill and reduction of 1.77 lakh tonnes of CO₂ emissions annually.