NLC India Board Approves Green Arm NIRL Listing, Declares Interim Dividend
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CNBC TV18•12-01-2026, 19:48
NLC India Board Approves Green Arm NIRL Listing, Declares Interim Dividend
- •NLC India's board approved the listing of its green energy subsidiary, NLC India Renewables Limited (NIRL), through a public offer.
- •The company plans to dilute up to 25% equity stake in NIRL in one or more tranches, pending regulatory approvals.
- •An interim dividend of 36% (₹3.60 per share) for FY2025-26 was declared, with January 16 as the record date.
- •NLC India will invest up to ₹66.6 crore in NIRL to fund green energy projects via joint ventures.
- •Despite a 27.1% decline in Q2 FY25 net profit, revenue from operations rose 14% to ₹4,178.4 crore, and EBITDA increased 30.5%.
Why It Matters: NLC India greenlights NIRL listing and interim dividend, boosting green energy focus and shareholder returns.
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