India’s Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has expanded the investment powers of state-run utility NTPC Ltd., allowing the company to deploy up to ₹20,000 crore ($2.4 billion) in its renewable-energy subsidiaries and joint ventures. The previous limit was ₹7,500 crore. The decision authorises NTPC and its listed arm NTPC Green Energy Ltd. to channel funds into NTPC Renewable Energy Ltd. and other ventures to accelerate project development. NTPC’s installed green capacity stands at 6 GW; the new mandate aims to lift that figure to 26 GW in the near term and 60 GW by 2032, aligning with India’s broader target of 500 GW of non-fossil capacity by 2030. Officials said the expanded delegation of financial authority will speed project approvals, bolster grid reliability and create jobs during construction and operation. The move underscores New Delhi’s effort to decarbonise its power sector while meeting rising electricity demand.