NLC India Approves Renewable Arm Listing, Declares INR 3.60 Interim Dividend

State-owned NLC India Ltd. has approved the in-principle listing of its wholly owned subsidiary, NLC India Renewables Ltd. (NIRL), through dilution of up to 25 per cent equity via one or more public offerings, in line with the Government of India’s National Monetisation Pipeline.

The decision was taken at a meeting of the company’s Board of Directors and is subject to approvals from the Ministry of Coal and the Department of Investment and Public Asset Management (DIPAM). The proposed stake dilution will be executed in one or more tranches.

In another key decision, the Board declared an interim dividend of 36 per cent, amounting to INR 3.60 per equity share of face value INR 10, for the financial year 2025–26. The record date for determining shareholder eligibility has been fixed as January 16, 2026, with payment to be made within statutory timelines.

The Board also granted in-principle approval for an additional equity investment of up to INR 66.60 crore in NIRL through subscription to shares at face value. The proposed investment will be made in one or more tranches and is aimed at funding green energy projects to be implemented through joint venture companies.

NIRL is the renewable energy arm of NLC India Ltd. and is currently executing multiple green energy projects. The investment qualifies as a related party transaction, with funds to be infused on an arm’s length basis.