NLC India Limited's board has given in-principle approval for the listing of its wholly-owned subsidiary, NLC India Renewables Limited (NIRL), aiming to dilute up to 25% equity. The company also declared a 36% interim dividend of ₹3.60 per share for FY2025-26, with January 16 as the record date. An investment of ₹66.6 crore in NIRL was also sanctioned.
Green Arm IPO Moves Ahead
NLC India Limited's board of directors has granted in-principle approval for the potential listing of its wholly-owned subsidiary, NLC India Renewables Limited (NIRL). The move involves diluting equity stake up to 25% through public offers in one or more tranches, pending necessary regulatory approvals. This strategic step signals a significant development for the company's renewable energy arm.
Shareholder Returns Boosted
In a move aimed at rewarding shareholders, the board also declared an interim dividend of 36%, translating to ₹3.60 per equity share for the financial year 2025-26. The record date for determining eligible shareholders for this payout has been set for January 16. This dividend distribution follows statutory timelines for eligible investors.
Investment for Growth
Further bolstering NIRL's future, the board approved an investment of up to ₹66.6 crore. This capital infusion, to be made in tranches via subscription to equity shares at face value, is earmarked for funding green energy projects executed through joint venture companies. The investment is subject to necessary statutory clearances.
Financial Performance Review
These strategic decisions come as NLC India reported a consolidated net profit of ₹665 crore for the quarter ended September 2025, a 27.1% decline year-on-year. Revenue from operations, however, saw a 14% increase to ₹4,178.4 crore, supported by higher output and improved realisations. Earnings before interest, tax, depreciation, and amortisation (EBITDA) surged by 30.5% to ₹1,400 crore.
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