** Shares of NLC India NLCI.NS rise 2.9% to 262.50 rupees
** The power generation co signs a memorandum of understanding with the Government of Gujarat for development of large-scale renewable energy projects
** Projects, developed through its unit, include solar, wind, hybrid and battery energy storage, with an aggregate investment potential of about 250 billion rupees ($2.78 billion)
($1 = 90.0438 Indian rupees)
(Reporting by Brijesh Patel in Bengaluru)
((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))