LC India, through its wholly owned subsidiary NLC India Renewables Limited (NIRL), has signed a PPA with RVUNL for a massive 810 MW solar power project under the MNRE's Ultra Mega Renewable Energy Power Park Scheme (Mode 8). Set within the 2,000 MW Pugal Solar Park, the project is expected to generate 2 billion units of green power annually and offset 1.5 million metric tons of CO₂ emissions, reinforcing India's clean energy ambitions.

Additionally, NLC India signed an MoU with IREL (India) to jointly develop assets related to critical minerals, including rare earth elements (REE), both domestically and internationally. This strategic collaboration is aimed at securing essential raw materials for future energy and tech needs. The company also has approvals for external borrowings of up to $200 million and recently won a 200 MW wind project from SJVN. Together, these developments signal NLC's strong pivot towards clean energy and resource security, likely supporting a rebound in its stock after a five-day decline.