NLC India Limited has informed the Exchange regarding Outcome of Board Meeting held on January 12, 2026.
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NLC India's board, at its meeting on January 12, 2026, approved an in-principle plan to list its wholly owned subsidiary NLC India Renewables Limited (NIRL) by diluting up to 25% equity through a Public Offer, in line with the Government of India's National Monetisation Pipeline targets. The board also declared an interim dividend of 36% (Rs. 3.60 per share) on the face value of Rs. 10 for FY 2025-26, with the record date set as January 16, 2026. Additionally, NLC India approved an investment of up to Rs. 66.60 crore in NIRL to fund green energy projects executed through joint venture companies. The approvals require further clearance from the Ministry of Coal and DIPAM.
Shareholders will receive a Rs. 3.60 per share interim dividend, providing near-term income. The proposed listing of the renewables subsidiary could unlock value for the parent company in the medium term, while the green energy investment signals continued expansion in the clean energy segment.