NLC India’s board has approved an interim dividend of 36% (₹3.60 per share) for the financial year 2025-26. The board also greenlit the potential listing of NLC India Renewables Limited (NIRL), a subsidiary, through the dilution of up to 25% equity. Furthermore, an investment of up to ₹66.60 Crore into NIRL was approved to support green energy projects.
Interim Dividend Declared
The Board of Directors has declared an interim dividend of 36%, which translates to ₹3.60 per equity share, on the face value of ₹10 each. This dividend is applicable for the financial year 2025-26. The record date for determining eligible shareholders is set for January 16, 2026, and the dividend will be disbursed according to statutory timelines.
NIRL Listing Approved
In a move aligning with the National Monetisation Pipeline targets, the board has given in-principle approval for the listing of NLC India Renewables Limited (NIRL). This will be achieved through a public offering, diluting equity stake by up to 25% in one or more tranches. The decision is subject to necessary approvals from competent authorities. The Ministry of Coal and DIPAM will also be notified.
Investment in Green Energy
The board has also approved an investment of up to ₹66.60 Crore in NLC India Renewables Limited (NIRL). This investment will be made through subscription to equity shares at face value, supporting the funding of Green Energy Projects executed via Joint Venture Companies. This is subject to statutory approvals as required.
Source: BSE
