NLC India Board Meet Outcome: Listing Approval for NIRL, Interim Dividend and More

On Monday, NLC India Limited, through an exchange filing, announced that its board has given in-principle approval for the listing of NLC India Renewables Limited (NIRL), a wholly owned subsidiary, through dilution of up to 25% equity stake via a public offer in one or more tranches, subject to regulatory approvals.

The in-principle nod will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management (DIPAM) for further clearance.

Other Notable Outcome of Board Meeting

Interim Dividend Announcement

The board also declared an interim dividend of 36%, translating to ₹3.60 per equity share of face value ₹10 for FY26. January 16 has been fixed as the record date to determine eligible shareholders, with the dividend to be paid in line with statutory timelines.

Proposed Investment in NIRL

Additionally, the board approved an in-principle proposal to invest up to ₹66.6 crore in NIRL, in one or more tranches, through subscription to equity shares at face value. The investment, subject to statutory approvals, will be used to fund green energy projects to be executed through joint venture companies.

Also Read: Nifty Weekly Expiry Today: SAIL and Sammaan Capital Under F&O Ban on January 13, 2026 

Q3FY26 Financial Performance

Revenue from operations increased 14% to ₹4,178.4 crore from ₹3,657.3 crore a year ago, supported by higher output and improved realisations for the Chennai-based lignite coal miner. NLC India reported a 27.1% YoY decline in consolidated net profit to ₹665 crore for the quarter ended September 2025, compared with ₹912 crore in the corresponding period last year.

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