NLC India Green Energy Limited (NIGEL), a whollyowned subsidiary of NLCIL, is established with special focus on renewable energy generation, an official statement said on Friday."NLCIL aims to achieve a renewable energy (RE) portfolio mix of 50 per cent of its total planned capacity, increasing its RE capacity from 1.43 GW to 10.11 GW."The above plan entails an investment of Rs 50,000 crore (approx) in renewable portfolio, which will support India's RE target and contribute to the broader aim of achieving 'net zero' emissions by 2070," the statement said.India is committed to a lowcarbon emission path while pursuing its development goals, as pledged at COP 26.NIGEL aims to expand its portfolio by participating in competitive bidding and exploring emerging opportunities in the green energy sector. Currently, 2 GW of renewable energy assets are under implementation.

NLCIL to invest ₹50K cr to ramp up renewable capacity

459.03,1142.11,708.77,133.91,3125.00,4661.00

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.