NLC India board clears NIRL listing, Rs 66.6 crore investment

NLC India Limited, following a meeting of its Board of Directors held on January 12, 2026, has granted in-principle approval for the listing of its wholly owned subsidiary, NLC India Renewables Limited (NIRL). 

The proposed listing is in line with the Government of India’s National Monetisation Pipeline strategy and involves dilution of up to 25% equity stake in NIRL through one or more public offerings. The proposal remains subject to necessary approvals from competent authorities, including the Ministry of Coal and the Department of Investment and Public Asset Management (DIPAM).

Additionally, the Board approved an investment of up to Rs 66.60 crore in NIRL to support its green energy expansion plans. The investment will be made through subscription to equity shares at face value and is intended to fund renewable energy projects to be implemented through joint venture companies.

According to the company, both approvals are at the in-principle stage and will be taken forward after securing all statutory and administrative clearances.

These decisions follow the completion of a major internal restructuring of NLC India’s renewable energy assets. In a disclosure dated 01 January 2026, the company informed stock exchanges that seven renewable energy assets had been transferred to NIRL. With this transaction, NLC India has consolidated its renewable energy portfolio under a dedicated subsidiary.