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NLC India Secures $ 100 Million Green Loan from Sumitomo Mitsui Banking Corporation

NLC India Limited (NLCIL), a Navratna public sector enterprise under the Ministry of Coal, has obtained its first Green Loan through the External Commercial Borrowing (ECB) route, raising JPY 15.464 billion (approximately USD 100 million) from Sumitomo Mitsui Banking Corporation (SMBC).

The company stated that the competitively priced green funding will be used solely for renewable energy capital expenditure implemented by its subsidiary, NLC India Renewables Limited (NIRL). This financial support is expected to strengthen project margins and accelerate the firm’s ongoing push toward expanding its clean energy portfolio.

NLCIL emphasized that the achievement is in line with its Corporate Plan 2030, which envisions 10 GW of renewable energy capacity and aims to increase the green component of its power mix to 50 percent—supporting India’s broader goal of achieving Net-Zero emissions by 2070.

The loan agreement was formalized between Dhanapal D, Chief General Manager (Finance) at NLCIL, and Manoj Kaushik, Branch Head of SMBC–GIFT City, in the presence of Dr. Prasanna Kumar Acharya, Director (Finance) and CFO of NLCIL.

According to the company, this partnership marks a significant advancement in its efforts to expand its green footprint and contribute to India’s sustainable energy transition.