Mumbai, June 24 -- Under the proposed joint venture, the companies will develop large-scale solar, wind, and hybrid power projects, with or without energy storage systems such as battery energy storage and pumped storage projects, for third-party supply.

The projects will be set up across Tamil Nadu and are expected to cater to the energy requirements of commercial and industrial consumers, as well as support applications related to the production of green synthetic fuels and chemicals.

Speaking on the occasion, Shri Prasanna Kumar Motupalli, Chairman & Managing Director, NLC India Limited, stated that the partnership with IOCL marks a significant milestone in NLCIL's strategic diversification into clean and sustainable energy sectors a...