The Indian government has announced plans to sell up to 3% of its stake in NLC India Limited via an Offer for Sale (OFS), setting a floor price of ₹303 per share.
The stake sale will open for non-retail investors on June 9, 2026.
The OFS by the government includes a base offer of 2% of the company's equity, with an additional 1% available under a green shoe option in the event of oversubscription.
The sale is scheduled to open for non-retail investors on June 9, 2026, while retail investors can participate starting June 10, 2026.
NLC India is a Navratna public sector enterprise under the Ministry of Coal, engaged in lignite mining and power generation.
According to Arunish Chawla, Secretary of the Department of Investment and Public Asset Management (DIPAM), NLC India offers a compelling long-term investment opportunity due to its strong operational and financial performance, as well as its consistent returns and dividends.
Shares of NLC closed at ₹335.65 each on June 8, with a slight decrease of 0.25% on the BSE.
The Indian government has been actively engaging in divestment activities this financial year, having already completed transactions involving NHPC, Coal India, and Central Bank of India.
These previous transactions have helped the government raise significant funds, contributing to the overall disinvestment proceeds of ₹7,808 crore in FY27 so far.
The Union Budget for the financial year 2026-2027 has set a target of ₹80,000 crore from disinvestment and asset monetisation.
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In a separate development, NLC India has signed a memorandum of understanding with Nuclear Power Corporation of India Limited (NPCIL) to develop nuclear power projects.
The joint venture will focus on developing 700 MW indigenous pressurised heavy water reactor-based nuclear power projects.
As of June 08, 2026, at 3:30 PM, NLC India share price on NSE was closed at ₹335.75 down by 0.25% from the previous closing price.
The government's decision to sell a stake in NLC India is part of a broader divestment strategy aimed at raising capital. This step follows previous successful stake sales in other public sector companies and aligns with governmental goals for the financial year.
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Published on: Jun 9, 2026, 9:00 AM IST
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