NLC India Forms Green Energy Joint Venture In Assam

NLC India Ltd. on Wednesday announced a joint venture with Assam Power Distribution Co. Ltd. to develop green energy projects in the state, the company said in an exchange filing.

The new entity, NIRL Assam Renewables Ltd., will be majority-owned by NLC India's wholly-owned subsidiary, NLC India Renewables Ltd., which will hold a 51% stake. Assam Power Distribution Co. Ltd. will hold the remaining 49%.