NLC India to Hive Off 708.96 MW Renewable Assets & 4 MW Green Hydrogen Project to Subsidiary NIRL
New Delhi: NLC India Limited (NSE: NLCINDIA | BSE: 513683) has signed an Addendum to its Business Transfer Agreement with NLC India Renewables Limited (NIRL) on 3 September 2026.
The Addendum covers the proposed hive-off of 708.96 MW of renewable energy assets, including a 4 MW Green Hydrogen Project. These assets are at various stages of construction and operation. This follows the original Business Transfer Agreement intimated on 31 October 2025.
Key Numbers (FY 2025-26 Audited)
|
Particulars |
Amount |
% of Company |
|---|---|---|
|
Revenue from operational RE assets |
₹41.16 crore |
0.24% of consolidated revenue (₹17,489.53 crore) |
|
Net worth of RE assets |
₹925.08 crore |
4.30% of net worth (₹21,524.76 crore) |
Transaction Snapshot
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Agreement signed: 3 September 2026
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Expected completion: Within 3 months
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Consideration: Cash or acknowledgement of debt by NIRL
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Buyer: NLC India Renewables Limited (100% subsidiary)
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Related party: Yes — holding company to wholly owned subsidiary, transferred at book value
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Scheme of Arrangement: Not applicable (no merger/amalgamation; Regulation 37A compliance not required)
The renewable energy assets will move from NLC India’s books to NIRL’s books. The disclosure has been filed with NSE and BSE under SEBI LODR Regulations 30 and 51.
This is a focused internal restructuring that consolidates NLC’s renewable portfolio, including green hydrogen, under its dedicated subsidiary.