NLC India Limited has signed an addendum to its Business Transfer Agreement with its wholly-owned subsidiary, NLC India Renewables Limited (NIRL). This agreement formalizes the hiving off of 708.96 MW of Renewable Energy Assets, including a 4 MW Green Hydrogen Project. These assets are at various stages of construction or operation. The transaction involves assets with a revenue contribution of ₹41.16 Crore for FY 2025-26 and a net worth of ₹925.08 Crore.
NLC India Divests Renewable Energy Assets
NLC India Limited has announced the signing of an addendum to its Business Transfer Agreement with NLC India Renewables Limited (NIRL), its wholly-owned subsidiary. This agreement, signed on September 3, 2026, facilitates the hiving off of approximately 708.96 MW of Renewable Energy Assets. This portfolio includes a 4 MW Green Hydrogen Project, with assets currently in various phases of construction and operation.
Transaction Details and Financial Impact
The renewable energy assets being transferred contributed revenue of ₹41.16 Crore in FY 2025-26, representing 0.24% of NLC India’s consolidated revenue. The net worth of these RE assets is valued at ₹925.08 Crore, accounting for 4.30% of the company’s total net worth. The consideration for this transfer will be settled in cash or via an acknowledgement of debt by NIRL. The agreement for sale was entered into on September 3, 2026, with the completion of the sale/disposal expected within 3 months. The transaction is being carried out at the book value of the RE assets and is considered an internal transfer within the corporate group.
Asset Transfer Rationale
This strategic move aims to streamline operations and potentially enhance the focus on renewable energy development within the subsidiary. The company has confirmed that no amalgamation or merger is envisaged as part of this transaction. NLC India Limited will make this information available on its corporate website.
Source: BSE
