Archive · 13 Jan 2026
NLC India Approves Renewable Arm Listing
NLC India, a big company that mines coal, has decided to list its renewable energy subsidiary, NIRL, on the stock market.
This means they will sell up to 25% of the subsidiary's shares to the public.
The board also decided to give some of the company's profits back to its shareholders as an interim dividend.
They plan to invest more money in NIRL to build green energy projects.
In the last quarter, the company made less profit but more money from selling things.
The company's stock price went up a little bit on the day of the announcement.
NLC India's board approved in-principle listing of NIRL, its renewable subsidiary, with up to 25% equity dilution.
The board declared an interim dividend of 36% (₹3.60 per share) for FY26, with January 16 as the record date.
Approval was granted to invest up to ₹66.6 crore in NIRL for green energy projects through joint ventures.
NLC India reported a 27.1% decline in net profit but a 14% increase in revenue and 30.5% rise in EBITDA for Q2 FY26.
Shares of NLC India closed at ₹257, up 1.82%, on January 12, 2026.
- Who
- NLC India Limited
- What
- Board approval for listing of renewable subsidiary and declaration of interim dividend
- When
- January 12, 2026 (announcement); January 16, 2026 (record date for dividend)
- Where
- Chennai, India
- Why
- To raise funds and expand green energy projects
- Company
- NLC India Limited
- Subsidiary
- NLC India Renewables Limited (NIRL)
- Equity Dilution
- Up to 25%
- Interim Dividend
- 36% (₹3.60 per share)
- Record Date
- January 16, 2026
- Proposed Investment
- Up to ₹66.6 crore in NIRL
- Q2 FY26 Net Profit
- ₹665 crore (down 27.1% YoY)
- Q2 FY26 Revenue
- ₹4,178.4 crore (up 14% YoY)
- Q2 FY26 EBITDA
- ₹1,400 crore (up 30.5% YoY)
- Share Price (Jan 12, 2026)
- ₹257 (up 1.82%)
