NLC India Shares Surge 2% on Gujarat Renewable Energy Deal, ₹25,000 Crore Investment
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Moneycontrol•14-01-2026, 09:22
NLC India Shares Surge 2% on Gujarat Renewable Energy Deal, ₹25,000 Crore Investment
- •NLC India's share price rose nearly 2% after signing an MoU with the Gujarat government for large-scale renewable energy projects.
- •The agreement involves an aggregate investment potential of approximately ₹25,000 crore for solar, wind, hybrid, and battery energy storage projects.
- •Projects will be developed by NLC India Renewables (NIRL), a wholly owned subsidiary.
- •The board approved in-principle listing of NIRL through dilution of up to 25% equity stake and an investment of up to Rs 66.60 crore in NIRL.
- •An interim dividend of 36% (Rs 3.60 per equity share) was also approved for FY 2025-26.
Why It Matters: NLC India's shares gained on a major renewable energy deal in Gujarat and plans for subsidiary listing.
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