CCEA approves Rs 70 billion investment exemption for NLCIL

The CCEA has approved a special exemption allowing NLC India Limited to invest Rs 70 billion in its wholly owned subsidiary, NLC India Renewables Limited, without seeking prior approvals under existing central public sector enterprise (CPSE) investment guidelines. The exemption also waives the 30 per cent net worth ceiling for CPSEs investing in JVs and subsidiaries.