NLC India Approves Subsidiary Listing, Declares 36% Interim Dividend
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CNBC Awaaz•12-01-2026, 19:37
NLC India Approves Subsidiary Listing, Declares 36% Interim Dividend
- •NLC India Ltd's Board approved the in-principle listing of its wholly-owned subsidiary, NLC India Renewables Limited (NIRL).
- •The listing aligns with the Government of India's National Monetization Pipeline, with NLC India diluting up to 25% equity.
- •An interim dividend of 36% (₹3.60 per share) for FY 2025-26 has been announced, with January 16, 2026, as the record date.
- •The Board also approved an in-principle investment of up to ₹66.60 crore in NIRL for green energy projects.
- •This investment aims to strengthen NLC India's renewable energy business through equity share subscription.
Why It Matters: NLC India greenlights subsidiary listing and significant dividend, boosting renewable energy focus.
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