NLC India Limited has announced a 15% interim dividend, amounting to ₹1.5 per equity share, for the financial year 2026-27. The company also approved plans for fundraising up to ₹2,500 crore through the issuance of debentures. Additionally, the board has sanctioned the setup of a new 660 MW power unit as part of an expansion project and approved an Offer for Sale (OFS) of equity shares in its subsidiary, NLC India Renewables Limited (NIRL), in connection with NIRL’s proposed IPO.
NLC India Announces Interim Dividend and Strategic Initiatives
NLC India Limited’s Board of Directors, in a meeting held on November 4, 2026, approved several key financial and strategic decisions. The company declared an interim dividend of 15% (₹1.5 per equity share of ₹10 face value) for the financial year 2026-27. The record date for determining eligible shareholders for this dividend has been fixed as November 12, 2026.
Fundraising and Expansion Plans
In a significant move towards strengthening its financial base, NLC India has authorized fundraising through the issuance of debentures, nature of bonds, up to an aggregate amount of ₹2,500 Crore. This fundraising will be undertaken in a phased manner, based on the company’s requirements.
Furthermore, the company has approved an expansion project involving the setup of an additional 660 MW unit at the Ghatampur Thermal Power Station. This expansion is part of the NUPPL project within the existing premises.
Subsidiary IPO and Investment
NLC India also confirmed its intention to proceed with an Offer for Sale (OFS) of up to 10,00,00,000 equity shares of its wholly owned subsidiary, NLC India Renewables Limited (NIRL). This is in anticipation of NIRL’s proposed Initial Public Offering (IPO). The company had previously invested ₹2,000 crore in NIRL on October 12, 2026, bringing its total investment to ₹5,119.75 crore.
Financial Results Reviewed
The Board reviewed and approved the standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2026. These results, along with the limited review report from the Joint Statutory Auditors, have been enclosed as Annexure-I. The financial results were reviewed by the Audit Committee prior to their approval by the Board.
Meeting Details
The Board meeting commenced at 11:00 hours and concluded at 13:50 hours on November 4, 2026. The information shared in this announcement will be made available on the company’s website, www.nlcindia.in.
Source: BSE
