NLC India Shares Rises: PSU to soon list and invest in NIRL, Declares Interim Dividend, Check New Price Target
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NEW DELHI: Shares of state-owned NLC India Ltd are surged over by 1.50% in the early morning trade of Tuesday session as the company has declared a dividend of Rs 3.60 per equity shares and has fixed the record date as 16th January, 2026 for the purpose of interim dividend.
Following approvals have been declared by the company:
1-Declaration of Interim Dividend of 36% (i.e. Rs. 3.60/- per equity share) on the face value of paid-up equity shares of Rs. 10/- each for the Financial Year 2025-26.
2-Fixation of Record Date as 16th January, 2026 for the purpose of ascertaining the members entitled for Interim Dividend for the FY 2025-26. It is further informed that the said interim dividend will be paid to eligible shareholders as per the statutory timelines.
3-In-principle approval for listing of NLC India Renewables Limited (“NIRL”), a wholly owned subsidiary of NLC India Limited, in line with the National Monetisation Pipeline targets of the Government of India, through dilution of equity stake up to 25% in one or more tranches through Public Offer, subject to obtaining requisite approvals from the competent authority. The said in-principle approval shall be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM) for approval.
4-Approval to invest up to Rs. 66.60 Crore in one or more tranches in NLC India Renewables Limited (NIRL), Wholly Owned Subsidiary of the Company, by way of subscription to Equity shares at face value, subject to necessary statutory approvals, if any, as and when required, for funding the Green Energy Projects, to be executed through Joint Venture Companies.
The stock is all near to 52-week high of Rs 292.20 after gaining high of Rs 263.95 in the intraday session. The dividend yield of the company is at 1.15%.
The Stock Price Target can be varied with some targets around Rs 300-Rs 320 with a mixed intrusion of capacity expansion.