NLC India Renewables eyes Rs 40 billion IPO in FY26–27

NLC India Renewables is likely to launch an initial public offering (IPO) worth Rs 40 billion in the first half of FY26–27, according to sources cited by Zee Business. The company may file its draft papers with the Securities and Exchange Board of India (SEBI) by March 2026.

The IPO plan comes as part of NLC India’s broader strategy to scale up renewable energy operations through its wholly owned subsidiary. The subsidiary is set to lead the company’s green energy expansion, with plans to build 10.11 GW of renewable capacity by 2030 and scale this up to 32 GW by 2047.

NLC India Renewables currently manages seven renewable assets with a total installed capacity of 2 GW. These assets, either operational or near commissioning, are expected to be transferred from the parent company to the subsidiary.  

The proposed IPO and planned investments could result in a capital infusion of Rs 350–400 billion into upcoming renewable projects. These will be executed directly or through joint ventures.

NLC India Renewables is actively exploring new opportunities across the clean energy sector, with a focus on reducing fossil fuel dependence, improving grid reliability, and supporting India’s long-term decarbonisation goals.