NCL Industries Ltd. Receives Approval for 130 MW Solar and Wind Power Project in Tamil Nadu
NCL Industries Ltd. has received significant approvals for a large-scale renewable energy venture in Tuticorin, Tamil Nadu. The company's Board of Directors approved the implementation of Phase 1 of the project, marking a major step in its expansion into the solar and wind power sector.The Board of Directors approved the initial phase of the project, which involves a 50 MW capacity from the overall 130 MW project at Tuticorin, Tamil Nadu. This initial phase is estimated to cost Rs. 392 crores. The development includes establishing infrastructure for power evacuation and transmission, and the project will be financed through a combination of debt and internal accruals. The remaining 80 MW capacity is slated for subsequent implementation.
The overall project details confirm a substantial commitment to renewable energy. The total project capacity is set at 130 MW (Solar & Wind Power Project) in Tuticorin, Tamil Nadu.
A review of the full project scope reveals the following key figures and parameters:
| Particulars | Details |
|---|---|
| Entity Granting Approval | Central Transmission Utility of India Limited (CTUIL) |
| Nature of Approval | Grant of final connectivity / transmission access |
| Proposed Capacity Addition | 130 MW (Solar & Wind Power Project) |
| Existing Capacity | 15.75MW (Hydro-Power projects) |
| Existing Utilization | 28% (Hydro-Power projects) |
| Total Project Cost | Rs. 919 crores |
| Mode of Financing | Mix of debt and internal accruals |
| Target Location | Tuticorin, Tamil Nadu |
| Scheduled Commissioning | February 2028 |
| Rationale | To meet captive power requirements and sale of power through exchanges and third-party power purchase agreements |
NCLIND Stock Price Movement
Shares of NCL Industries Limited are edging higher to ₹184.46 as of 1:49 PM today, rallying by 1.44% on gains of ₹2.61. The stock has seen solid momentum, with 40,753 shares traded in the live market.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.