NLC India’s board has greenlit an interim dividend of 36% (₹3.60 per share) for the financial year 2025-26, with a record date fixed on January 16, 2026. In a strategic move, the board also approved the listing of its subsidiary, NLC India Renewables Limited (NIRL), through equity dilution of up to 25%. Furthermore, an investment of up to ₹66.60 Crore in NIRL was approved to fund green energy projects.
Interim Dividend Declared
The board of directors has approved an interim dividend of 36%, which translates to ₹3.60 per equity share, based on a face value of ₹10 each. This dividend is for the financial year 2025-26. The record date for determining eligible shareholders for this interim dividend is set for January 16, 2026.
NLC India Renewables Limited (NIRL) Listing
In a significant strategic decision, the board has granted in-principle approval for the listing of NLC India Renewables Limited (NIRL), a wholly-owned subsidiary. This listing will be executed through a dilution of equity stake up to 25% in one or more tranches via a Public Offer. This decision aligns with the National Monetisation Pipeline targets. The approval is subject to necessary clearances from relevant authorities.
Investment in Green Energy Projects
The board has also approved an investment of up to ₹66.60 Crore in NLC India Renewables Limited (NIRL). This investment will be made in one or more tranches through subscription to equity shares at face value. The purpose of this investment is to fund the Green Energy Projects being executed through Joint Venture Companies. This is subject to statutory approvals.
Board Meeting Summary
The board meeting, held on January 12, 2026, commenced at 15:00 hours and concluded at 16:20 hours, resulting in the approvals detailed above.
Source: BSE
