NLCIL signs MoU with Indian Oil Corporation Limited for development of large-scale renewable energy projects in T.N. - The HinduUpdated - June 24, 2026 09:02 pm IST - CUDDALOREOfficials of NLC India Limited and Indian Oil Corporation Limited exchanging the MoU documents in Neyveli. | Photo Credit: Special ArrangementNLC India Limited (NLCIL) has inked a memorandum of understanding (MoU) with Indian Oil Corporation Limited (IOCL) for development of large-scale renewable energy projects in Tamil Nadu.According to a press note, the MoU was signed by Anurag Mittal, Chief General Manager, Commercial and Business Development, NLCIL and Manoj Nanda, Chief General Manager, Alternate Energy, IOCL, in the presence of Prasanna Kumar Acharya, Director (Finance) NLCIL and Joydeep Chaudhary, Executive Director of IOCL.The MoU envisages the development of large-scale renewable energy projects in the State, including solar, wind, hybrid power with or without Energy Storage such as Battery Storage and Pumped Storage Projects or any combination of the same for supply of renewable power to third parties.This includes Commercial and Industrial (C&I) consumers, discoms, energy exchange, for e-mobility, power to applications such as usage/production of green synthetic fuels/chemicals, complete value chain for solar module manufacturing etc., and any other opportunity in the renewable energy sector in the State of Tamil Nadu, as mutually agreed and based on techno-commercial feasibility.While NLCIL has nearly seven decades of presence in mining and power generation, it also has been actively expanding into large-scale renewable and green energy initiatives including solar, wind, pumped hydro storage, BESS, green hydrogen, low-carbon, round-the-clock power and waste-to-energy projects.According to Prasanna Kumar Motupalli, Chairman and Managing Director of NLCIL, the partnership marks a significant milestone in NLCIL’s strategic diversification into clean and sustainable energy sectors and reflects the shared commitment of both organisations towards sustainable development, technological advancement and nation-building through reliable and green energy solutions.Published - June 24, 2026 08:20 pm ISTSign in to unlock member-only benefits!Access 10 free stories every monthSave stories to read laterAccess to comment on every storySign-up/manage your newsletter subscriptions with a single clickGet notified by email for early access to discounts & offers on our products${ ind + 1 } ${ device }Last active - ${ la }