India, June 25 -- The implementation of the projects will be subject to techno-commercial feasibility studies and the necessary approvals from the respective boards, the government, the Ministry of Coal, and other regulatory authorities.

NLC India Renewables Limited is currently trading at Rs 319.65. The stock opened at a day high of Rs 327, and a day's low so far is Rs 319.05. The current market capitalisation of the company is Rs 44,421 crore, with a price-to-earnings ratio of 12.7 times, which is much lower than the peer median of 24.53 times.

Agreement The first phase of this joint venture is to set up, operate and maintain a huge 1,000 MW capacity of green energy power plants spread across the state of Odisha. The agreement is str...