NLCINDIA

Gains on Renewables Listing Plan and Interim Dividend Boost

shares rose nearly 2% in early trade on January 13 after the company’s board approved the listing of its wholly owned subsidiary, NLC India Renewables Ltd (NIRL), and announced an interim dividend. The stock traded at ₹260.95 on the BSE, supported by in-principle approval to dilute up to 25% stake in NIRL through a public offer, subject to regulatory clearances, alongside an investment of up to ₹66.60 crore to fund green energy projects. Adding to positive sentiment, the board declared an interim dividend of ₹3.60 per share for FY26, with January 16, 2026 fixed as the record date, reinforcing NLC India’s focus on renewable expansion and shareholder returns.