NLC India Plans USD 600 Million Fund Raise, Board Meeting Set for March 27

NLC India Limited scheduled its Board of Directors meetings on March 27, 2024.

NLC India Plans USD 600 Million Fund Raise, Board Meeting Set for March 27

New Delhi: The central public sector undertaking of the Coal Ministry, NLC India Limited today informed that the company is planning to raise foreign currency loan and seek some consideration and approvals for the upcoming projects. The PSU is going to hold its board meeting on March 27th, 2024 for these listed things.

i) To raise foreign currency loan through External Commercial Borrowings (ECB) upto 600 Million USD through a Direct route, subject to RBI guidelines.

ii) To seek external assistance from the Multilateral Development Bank (MDBs) through the Department of Economic Affairs (DEA) for upcoming Renewable Power Projects.

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