NLC India Renewables Limited (NIRL) signed a Joint Venture Agreement with MAHAPREIT in Mumbai to develop Renewable Energy Projects in Maharashtra. The Joint Venture Company will initially focus on 500 MW, expanding up to 5000 MW. NIRL holds 74% equity, MAHAPREIT 26%. MAHAPREIT will assist in land and power evacuation, while NIRL handles project reports, financing, and development.
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