NLC India shares in focus: From listing of NLC India Renewables to declaration of interim dividend, here is all you need to know

In its regulatory filing, NLC India said that it has received approval from the company's board of directors for the listing of its subsidiary, NLC India Renewables.

The company has also approved the declaration of an interim dividend for FY26.

NLC India Renewables listing

The company said that it has received an in-principle approval for listing of NLC India Renewables Limited (“NIRL”), a wholly owned subsidiary of NLC India Limited, in line with the National Monetisation Pipeline targets of the Government of India, through the dilution of equity stake up to 25% in one or more tranches through public offer, subject to obtaining requisite approvals from the competent authority(ies).

The said in-principle approval shall be communicated to the Ministry of Coal for onwards submission to the Department of Investment and Public Asset Management (DIPAM) for approval.

Interim Dividend

NLC India has received approval for the declaration of an interim dividend of 36% (i.e., ₹3.60 per equity share) on the face value of paid-up equity shares of Rs. 10/- each for the Financial Year 2025-26.

The company has fixed the record date as January 16, 2026, for the purpose of ascertaining the members entitled to the interim dividend for the FY 2025-26. It is further informed that the said interim dividend will be paid to eligible shareholders as per the statutory timelines.

Investment in NLC India Renewables

The company said that its board has received an in-principle approval to invest up to ₹66.60 crore in one or more tranches in NLC India Renewables Limited (NIRL), a wholly owned subsidiary of the company, by way of subscription to equity shares at face value, subject to necessary statutory approvals, if any, as and when required, for funding the Green Energy Projects, to be executed through Joint Venture Companies.

About NLC India

NLC India Limited is one of the leading players in India’s energy sector. It is one of the largest entities in lignite production. The public sector company primarily operates in two segments: lignite mining and power generation. It is a major contributor to the thermal and renewable energy requirements of the country.

It is a Navratna company.

NLC India Limited was incorporated in November 1956 as Neyveli Lignite Corporation Limited. It was established by the Government of India as a private limited company. In 1986, NLC India Limited was converted into a public limited company.

NLC India business operations

The registered office of NLC India Limited is located in Chennai. The company has expanded its presence across India, establishing operations in Tamil Nadu, Rajasthan, Uttar Pradesh, Odisha, Jharkhand, Gujarat and the Andaman and Nicobar Islands.

NLC India Limited has three primary business segments: mining operations, covering lignite and coal; power generation, encompassing thermal, solar, and wind; and power trading. The company is actively preparing to enter new business avenues such as green hydrogen and floating solar projects.