NLC India has achieved a major milestone in its renewable energy expansion with the receipt of initial approval for listing its subsidiary, NLC India Renewables. This development represents a significant step forward in the company's strategic diversification into clean energy sectors.

Investment Plans for Renewables Division

The company has outlined substantial investment plans for its renewables subsidiary, with commitments reaching up to ₹666 million. This investment demonstrates NLC India's commitment to strengthening its position in the renewable energy market.

Shareholder Returns Through Interim Dividend

Alongside its growth initiatives, NLC India has announced an interim dividend declaration, ensuring shareholders benefit from the company's performance. The interim dividend has been set at ₹3.60 per share.

Strategic Business Development

The initial approval for the renewables subsidiary listing positions NLC India to potentially unlock value from its clean energy operations. This move aligns with the broader industry trend toward renewable energy investments and could provide the subsidiary with independent access to capital markets for future expansion.

The combination of strategic investments in renewables, subsidiary listing preparations, and dividend distribution reflects NLC India's balanced approach to growth and shareholder value creation. These developments indicate the company's focus on both expanding its renewable energy portfolio and maintaining returns to investors.

NLC India Limited's Board of Directors held a comprehensive meeting on January 12, 2026, addressing key strategic initiatives including subsidiary listing, dividend distribution, and renewable energy investments. The meeting, which commenced at 15:00 hours and concluded at 16:20 hours, resulted in several significant corporate decisions that align with the company's growth strategy and government monetisation objectives.

Subsidiary Listing Approval

The board granted in-principle approval for the listing of NLC India Renewables Limited (NIRL), the company's wholly owned subsidiary. This strategic move aligns with the National Monetisation Pipeline targets established by the Government of India. The listing process will involve diluting the equity stake by up to 25% through one or more tranches via a Public Offer, subject to obtaining requisite approvals from competent authorities.

The approval will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM) for final approval.

Interim Dividend Declaration

The board declared an interim dividend of 36% for the Financial Year 2025-26, translating to ₹3.60 per equity share on the face value of ₹10.00 each. The company has established January 16, 2026, as the record date for determining eligible shareholders for the interim dividend payment.

Green Energy Investment Approval

The board approved an investment of up to ₹66.60 crore in NIRL through equity share subscription at face value. This investment will be executed in one or more tranches, subject to necessary statutory approvals, and is specifically designated for funding green energy projects to be implemented through joint venture companies.

Investment Structure Details

The investment represents a related party transaction as NIRL is a wholly owned subsidiary of NLC India Limited. The subscription will occur at face value, maintaining 100% shareholding control. The funds will support green energy projects currently under implementation, with NIRL focusing exclusively on renewable energy initiatives.

Regulatory Compliance

The board meeting outcomes comply with Regulation 30 and 51 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All decisions require appropriate regulatory approvals and will follow statutory timelines for implementation. The company has provided comprehensive disclosure details in accordance with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

These strategic decisions demonstrate NLC India's commitment to expanding its renewable energy portfolio while providing returns to shareholders through dividend distribution and participating in the government's asset monetisation program.