NLC India Ltd planned an investment of INR 1.25 lakh crore (~ $15 billion) to increase its power capacity from 6.7 GW to 20 GW by 2030. As per NLC, INR 65,000 crore (~ $ 7.8 billion) was allocated for solar and renewable energy, including INR 15,000 crore (~ $1.8 billion) for battery storage, INR 45,000 crore (~ $5.4 billion) for thermal power, and the remaining for mining. Funding options under consideration included internal accruals, domestic loans, IPOs, and external borrowings. NLC India Ltd received two mineral blocks in Chattisgarh and initiated due diligence on lithium, copper, and cobalt assets in Mali and Congo. NLC India Renewables Ltd is preparing for an IPO and obtained approval for an INR 3,720 crore (~ $ 446 million) investment. The company also signed a 200 MW solar energy supply agreement with the Telangana government.