NLC India Limited has informed the Exchange that Board of Directors at its meeting held on January 12, 2026, declared Interim Dividend of Rs. 3.6 per equity share.
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The Board of NLC India, a Government of India Navratna enterprise, met on January 12, 2026, and approved four key items. An interim dividend of 36% (Rs. 3.60 per share) on the face value of Rs. 10 has been declared for FY 2025-26, with the record date fixed as January 16, 2026. The Board also gave in-principle approval to list NLC India Renewables Limited (NIRL), its wholly owned subsidiary, by diluting up to 25% equity stake through a public offer, in line with the National Monetisation Pipeline targets. Additionally, the company plans to invest up to Rs. 66.60 crore in NIRL in one or more tranches to fund green energy projects through joint ventures. The subsidiary listing move is subject to approvals from the Ministry of Coal and DIPAM.
Shareholders holding shares as of January 16, 2026 will receive the Rs. 3.60 interim dividend, offering an attractive yield at current market prices. The proposed listing of the renewables subsidiary could unlock value for parent company shareholders over time, while the green energy investment signals continued expansion in the clean energy space.