NLC India Limited — M&A Activity 2024

Mar 10, 2024

NLC India Limited

('Navratna' - Government of India Enterprise) Registered Office: No.135, EVR Periyar High Road, Kilpauk, Chennai-600 010 Corporate Office: Block-1, Neyveli-607 801, Cuddalore District, Tamil Nadu. CIN: L93090TN1956GOI003507, Website: www.nlcindia.in email: cosec@nlcindia.in, Phone: 044-28369139

Lr.No. NLC/Secy/LODR/Press Release/2024 Dated: 10.03.2024

To	To
The National Stock Exchange of India Ltd,	BSE Ltd,
Plot No. C/1, G Block,	Phiroze Jeejeebhoy Towers,
Bandra-Kurla Complex,	Dalal Street,
Bandra (E), Mumbai - 400 051.	Mumbai - 400 001.
Scrip Code: NLCINDIA	Scrip Code: 513683

Sir/Madam,

We furnish herewith a copy of the Press Release dt. 10.03.2024 for your reference and record.

Thanking You,

Yours faithfully, for NLC India Limited Udhayashankar Rajamanickam Digitally signed by Udhayashankar Rajamanickam Date: 2024.03.10 18:11:18 +05'30'

Company Secretary & Compliance Officer

Encl: As above

PRESS RELEASE

Date: March 10, 2024

NLC India Limited signs MOU with Rajasthan for formation of N for adding Thermal and Renewable capacity

In line with the vision of Honorable Prime Minister for Energy Security of the Nation and supply of cheap, sustainable, affordable and 24x7 Power Supply to all and with guidance of Honourable Minister for Coal, Mines and Parliamentary Affairs Shri. Prahlad Joshiji and the Ministry of Coal, NLC India Limited has signed MOU with the Government of Rajasthan today for Formation of Joint Venture to set up 125 MW Lignite Based Power Plant and 1000 MW Solar Power Plant.

The distinguished Chief Guests at the event are Shri Bhajan Lal Sharma, Chief Minister, Rajasthan; Shri Pralhad Joshi, Union Minister of Parliamentary Affairs, Coal and Mines; Shri RK Singh, Union Minister of Power and New & Renewable Energy; Smt Diya Kumari, Deputy Chief Minister, Rajasthan; Shri Heeralal Nagar, Energy Minister, Govt of Rajasthan; Shri Sudhansh Pant, Chief Secretary, Government ofRajasthan; and Shri Amrit Lal Meena, Coal Secretary, Government of India.

The MoU between NLC India Limited and RVUNL entails a staggering investment of more than Rs 7000 Crores. Among the notable projects, the MoU outlines the establishment of a 125 MW Lignite Pit-head Thermal Power Plant in Bikaner district and a massive 1000 MW Solar Power Plant, further reinforcing NLCIL's commitment to renewable energy initiatives. Additionally, a Loi for the setup of an 810 MW solar power plant has already been issued. This is in line with corporate plan of NLC India to become a power major of 17 GW capacity with more than 6 GW renewable capacity by 2030.

The MoU was ceremoniously exchanged between NLC India Limited and RVUNL in the presence of Shri Prasanna Kumar Motupalli, CMD, NLC India Ltd, and Shri Devender Singhvi, RVUNL, symbolising a collaborative step towards energy security commitment. In the ceremony, MOUs were also signed with Coal India Ltd, NTPC, PGCIL and REC for adding generation capacity and transmission system and financing. .

Shri Pralhad Joshi ji, Union Minister of Parliamentary Affajrs, Coal and Mines, lauded the proactive vision of Hon' ble Prime Minister Shri Narendra Modi ji and the steadfast commitment of CM Shri Bhajan Lal Sharma ji in expediting these transformative projects. He emphasised, "The projects have turned into a reality because of the vision ofHon'ble PM Shri Narendra Modiji and the efforts by CM Shri Bhajan Lal Sharmaji in putting these projects and its MoUs on fast-track mode".

Echoing sentiments of optimism, Shri Amrit Lal Meena, Coal Secretary, Government oflndia, expressed confidence in the prowess of PSUs under the Coal Ministry, asserting that with the infrastructure and land support provided by the Rajasthan Government, the signed projects will significantly bolster the nation's energy security.

The MoU exchange signifies a resolute step towards sustainable and robust energy infrastructure, aligning with the Nation's Ambitious Renewable Energy targets.

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~ Executive Director/PR NLC India Ltd.