NLC India Board Approves NIRL Listing Plan, Declares 36% Interim Dividend

New Delhi, Jan 12, 2026: In a major boost to India’s renewable energy expansion, state-owned NLC India Limited on Monday approved the proposed listing of its wholly-owned subsidiary NLC India Renewables Limited (NIRL) by diluting up to 25% equity stake through public offer, while also declaring an interim dividend of Rs 3.60 per share for FY26.

The decision was taken at the company’s board meeting held on January 12, 2026. The move aligns with the Government of India’s National Monetisation Pipeline and will be routed through the Ministry of Coal and the Department of Investment and Public Asset Management (DIPAM) for final approvals.

At the same meeting, the board announced an interim dividend of 36%, translating to Rs 3.60 on each equity share of face value Rs 10. The record date has been fixed as January 16, 2026, and payment will be made within statutory timelines.

To accelerate its clean energy ambitions, NLC India also approved an investment of up to Rs 66.60 crore in NLC India Renewables by subscribing to equity shares at face value. The funding will support green energy projects executed through joint ventures.

NLC India Renewables is implementing multiple renewable energy projects across the country as part of NLC’s transition towards a sustainable and diversified power portfolio.

The board meeting commenced at 3 pm and concluded at 4.20 pm.

NLC India is a Navratna PSU under the Ministry of Coal, with operations in lignite mining, power generation and renewable energy development.