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NLC India Secures $100 Mn Green Loan from SMBC for Renewable Expansion Source: NLC India Social Media
NLC India Limited (NLCIL), a Navratna PSU under the Ministry of Coal, has recently finalised its maiden Green Loan under the External Commercial Borrowing (ECB) framework, amounting to JPY 15.464 billion (equivalent to USD 100 million), with Sumitomo Mitsui Banking Corporation (SMBC) on December 8, 2025.
The company talked about the recent collaboration in a social media post, mentioning that this low-cost green funding will exclusively support capital expenditure for renewable energy projects. These projects are being implemented through NLCIL’s renewable subsidiary, NLC India Renewables Limited (NIRL), and the latest round of financing will help optimise project margins and accelerate NLCIL’s clean energy initiatives.
Aligning with NLC India RE Target
Aligned with NLCIL’s Corporate Plan 2030, this milestone strengthens the company’s mission to achieve 10 GW of renewable capacity, increase the green share of its portfolio to 50% by 2030, and contribute significantly to India’s Net-Zero 2070 target.
The loan agreement was signed on December 8, 2025, between Dhanapal D, Chief General Manager (Finance), NLCIL, and Manoj Kaushik, Branch Head, SMBC–GIFT City. The signing took place in the presence of Prasanna Kumar Acharya, Director (Finance) and Chief Financial Officer (CFO), NLCIL, marking an important step towards expanding the company’s green footprint. This collaboration represents a major advancement in NLCIL’s journey towards powering a cleaner, more sustainable energy future for India.
SMBC's Previous Renewable Energy Projects in India
NLC India, in July this year, approved the borrowing of a term loan equivalent to USD 100 million in Japanese yen (JPY) from Sumitomo Mitsui Banking Corporation (SMBC). The company secured this loan through the External Commercial Borrowing (ECB) route. It clarified that the proceeds from the loan will be used to finance capital expenditure for renewable energy projects executed through NLC’s subsidiaries and group companies.