NLC India Limited has entered into a significant partnership with the Government of Gujarat for developing large-scale renewable energy projects worth approximately ₹25,000 crore. The Memorandum of Understanding was signed during the Vibrant Gujarat Regional Conference for the Saurashtra and Kutch Region held on January 12, 2026, at Rajkot.

MoU Signing Details

The agreement was formalized by key representatives from both organizations in the presence of prominent political leaders. Shri Devendra Pratap Singh, Executive Director (Projects & Business Development) & Chief Executive Officer of NLC India Renewables Limited (NIRL), signed on behalf of NLCIL, while Smt. Bhakthi Shamal, Joint Secretary, Energy & Petrochemicals Department, represented the Government of Gujarat.

Strategic Implementation Framework

The proposed renewable energy projects will be developed through NLC India Renewables Limited (NIRL), a wholly owned subsidiary of NLC India Limited. NIRL serves as the company's dedicated renewable energy arm, established specifically to spearhead NLCIL's green energy growth and sustainability initiatives. The collaboration encompasses multiple renewable energy technologies including solar, wind, hybrid systems, and battery energy storage projects.

Government Support and Facilitation

Under the terms of the MoU, the Government of Gujarat has committed to facilitating NLCIL and NIRL in obtaining necessary statutory approvals, clearances, registrations, and other support as per prevailing state policies and regulations. This support framework is designed to enable time-bound implementation of the proposed renewable energy projects across Gujarat.

Strategic Alignment and Future Goals

This partnership aligns with NLC India Limited's Corporate Plan to achieve 10 GW of renewable energy capacity by 2030. The collaboration underscores the company's commitment toward sustainable development, energy security, and decarbonization initiatives. The agreement also strengthens Gujarat's position as a leading renewable energy hub in India while contributing to the nation's goals of achieving net zero emissions and enhancing non-fossil fuel-based power generation capacity.

Ceremonial Presence

The MoU signing ceremony was graced by several distinguished dignitaries, including Shri Piyush Goyal, Union Minister for Commerce and Industry, Government of India, and multiple Gujarat government ministers including Shri Jitubhai Vaghani, Shri Rushikesh Patel, and Shri Kaushikbhai Vekariya. Their presence highlighted the significance of this renewable energy partnership between the central PSU and the state government.

NLC India Limited has modified the record date for its interim dividend for the financial year 2025-26 due to a trading holiday declared by stock exchanges. The Navratna Government of India enterprise communicated this change to both the National Stock Exchange of India Ltd. and BSE Ltd. on January 13, 2026.

Record Date Modification Details

The company has rescheduled the record date from January 15, 2026, to Tuesday, January 20, 2026. This modification was necessitated by the trading holiday declared by both major stock exchanges on the originally scheduled date.

Regulatory Compliance

The modification was communicated under Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation governs the procedure for determining record dates for corporate actions including dividend payments.

The company's communication was addressed to both stock exchanges where NLC India shares are listed:

• NSE: Trading under scrip symbol NLCINDIA
• BSE: Trading under scrip code 513683

Dividend Payment Timeline

NLC India has assured shareholders that the interim dividend will be paid to eligible members as per statutory timelines. The record date determines which shareholders are entitled to receive the dividend payment, with only those holding shares on the record date being eligible for the distribution.

Company Information

NLC India Limited operates as a Navratna Government of India enterprise with its registered office in Chennai and corporate office in Neyveli, Tamil Nadu. The company secretary and compliance officer, Sushanta Kumar Panda, signed the official communication to the stock exchanges regarding this modification.