Key Quantitative Figures and Dates
- Date of JV Incorporation: 16th September, 2026.
- Face Value of Shares: ₹10 per equity share.
- PTC India's Shareholding: 26%, represented by 26,000 equity shares.
- Total Paid-up Capital: The JV's total capital can be inferred as 100,000 shares (26,000 shares / 26%), implying a total initial investment of ₹10,00,000 (100,000 shares * ₹10).
Parties Involved
The Joint Venture company, named "NIRL PTC RENEWABLES LIMITED" (CIN: U35105TN2026GOI197973), was incorporated in association with M/s. NLC India Renewables Limited.
Purpose and Rationale
The stated purpose of the JV is to collaborate and explore opportunities, including the development of Green Energy Projects. This is subject to the terms of the joint venture agreement entered between the parties and other approvals required under applicable laws and regulations.
Regulatory Approvals
The incorporation required and received approval from the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, Government of India, which was obtained prior to incorporation.
Financial and Capital Structure Impact
- The consideration for the subscription to the paid-up share capital of the JV is cash.
- PTC India Limited holds a 26% stake in the JV.
- NLC India Renewables Limited holds a 74% stake in the JV.