NLC India Renewables Selects AHAsolar Technologies as Consultant for 600 MW Solar Plus 300 MW/1,800 MWh Storage Project Won Through SECI Auction

NLC India Renewables Ltd. (NIRL) has awarded a technical consultancy work order to AHAsolar Technologies Ltd. for the development of a 600 MW solar PV power project integrated with a 300 MW / 1,800 MWh Energy Storage System (ESS) in Rajasthan. Under the agreement, AHAsolar will provide project development consultancy services for the integrated renewable facility won by NIRL in a competitive auction conducted by the Solar Energy Corporation of India (SECI).

Project Technical & Auction Overview

NIRL secured this capacity under SECI’s tariff-based competitive bidding process for a total tender size of 1,200 MW ISTS-connected solar PV projects equipped with 600 MW / 3,600 MWh of aggregate energy storage. NLC India quoted a winning tariff of INR 3.12 / kWh to secure its 600 MW solar and 300 MW / 1,800 MWh ESS allocation.

The energy storage component features a 6-hour storage duration (300 MW / 1,800 MWh), reflecting SECI’s technical push for long-duration battery energy storage systems (BESS) to support grid stabilization and firm renewable supply. The project development scope of work covers land acquisition, end-to-end execution, and establishing required grid interconnections with either the Inter-State Transmission System (ISTS) or state transmission networks.

Timeline & Company Roles

The key development and regulatory disclosure milestones for the project proceed as follows:

• January / February 2026: NLC India Renewables emerges as a winning bidder in SECI’s competitive auction with a tariff of INR 3.12/kWh and receives the Letter of Award (LoA) in early February 2026.
• May 2026: NLC India Renewables floats the consultancy tender for the project development scope.
• August 31, 2026: AHAsolar Technologies formally discloses to BSE Limited the receipt of the consultancy work order from NIRL.

AHAsolar Technologies’ Role & Portfolio

AHAsolar Technologies Ltd. is acting as the technical and development consultant to NIRL under a domestic contract spanning an execution period of 27 months. In its regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, AHAsolar noted that the broad financial consideration of the contract remains confidential.

Regulatory disclosures confirm that neither AHAsolar’s promoters nor its group companies hold any equity interest in NIRL, and the contract does not fall under related-party transaction rules.

The contract win builds upon AHAsolar’s growing advisory portfolio with public sector energy majors. In August 2026, the company secured consultancy work orders from NIRL for three additional projects:

• A 250 MW / 500 MWh Battery Energy Storage System (BESS) project,
• A 50 MW solar PV project, and
• A 25 MW / 150 MWh BESS project located at Neyveli.

Alongside its expanding project mandate, AHAsolar reported a financial turnaround in FY26, with consolidated revenue increasing 58.6% year-on-year to INR 9.20 crore and net profit reaching INR 20.55 lakh.

NLC India Renewables’ Corporate Role

NIRL is a domestic entity operating as a wholly-owned subsidiary of state-run power producer NLC India Ltd. The project forms part of a broader corporate transformation by parent company NLC India to pivot from a lignite-heavy utility toward a balanced clean energy portfolio.

At its FY26 investor meet, NLC India outlined a strategic roadmap targeting over 10 GW of renewable energy capacity by 2030, establishing a near 50:50 operational balance between thermal and green power assets. NLC India currently holds 734 MW of operational renewable capacity alongside 5.81 GW under implementation and development, of which approximately 2.5 GW is under active construction. The utility generated a record 2.26 billion units of clean electricity in FY26.

As part of its corporate restructuring and asset monetization strategy, NLC India transferred 1.4 GW of operational renewable energy assets into NIRL. The Government of India has approved the stock exchange listing of NIRL, which includes plans to dilute up to a 25% equity stake through an Initial Public Offering (IPO).

Project Status & Next Steps

Following the work order issuance in late August 2026, the project has entered its 27-month consultancy execution period. Upon construction and commissioning of the 600 MW solar PV and 300 MW / 1,800 MWh storage facility in Rajasthan, power generated by the asset will be supplied to SECI for 25 years under the terms of the Power Purchase Agreement.

Official Sources & References

• AHAsolar Technologies Limited — Statutory Corporate Disclosure to BSE Limited
  • Regulatory Compliance: Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Filing Reference Number: AHASOLAR/2026-27/27
  • BSE Scrip Code: 543941
  • Filing Date: August 31, 2026
  • Issuing Authority: Piyushkumar Vasantlal Bhatt, Chairman & Managing Director
  • Official Company Portal: AHAsolar Technologies Ltd.
• Solar Energy Corporation of India (SECI) — Auction & Letter of Award Disclosures
  • Tender Name: 1,200 MW ISTS-Connected Solar PV Projects with 600 MW / 3,600 MWh Energy Storage Systems (ESS)
  • Awarded Entity: NLC India Renewables Limited (Wholly owned subsidiary of NLC India Limited)
  • Awarded Capacity: 600 MW Solar PV + 300 MW / 1,800 MWh ESS
  • Quoted Tariff: ₹3.12 per kWh
• NLC India Limited — Statutory FY26 Financial & Investor Disclosures
  • Corporate Entity: NLC India Limited / NLC India Renewables Limited (NIRL)
  • Regulatory Roadmap: FY26 Investor Presentation & Clean Energy Growth Framework
• Renewable Energy India Expo (REI) — Official Industry Directory
  • Exhibitor Profile: AHAsolar Technologies Ltd. (Booth No. 11.181, Hall 11)
  • Official Portal: Renewable Energy India Expo