NCL Industries approves ₹595.17 crore solar-wind project
In short
NCL Industries approved ₹595.17 crore for the remaining 80 MW of its 130 MW solar and wind project in Tuticorin. That takes the total project cost to ₹987.17 crore.
The company also gave initial approval to look at a cement plant in Odisha. That could add to its business if it goes ahead.
What the reporting says
NCL Industries approved ₹595.17 crore for the remaining 80 MW of its 130 MW solar and wind power project in Tuticorin, taking the total project cost to ₹987.17 crore. The board also gave in-principle approval to pursue a cement manufacturing plant in Odisha. The proposal is still at a preliminary stage, while the power project moves ahead.
Why it matters
NCL Industries approved fresh capital spending for the remaining 80 MW of its Tuticorin solar and wind project, lifting the total cost to ₹987.17 crore. The company also gave in-principle approval to explore a cement manufacturing plant in Odisha. The second project is only preliminary, but the first one adds to its renewable power build-out.