NLC India share price rises 2% on board nod for subsidiary listing

NLC India

NLC India share price rose 2 percent in the opening trade on January 13 after the company’s board approved the listing of its wholly owned subsidiary and declared an interim dividend.

At 09:16am, NLC India was quoting at Rs 260.95, up Rs 5.10, or 1.99 percent, on the BSE.

In an exchange filing, the company said its board of directors has given in-principle approval for the listing of NLC India Renewables Ltd (NIRL) through dilution of up to 25 percent equity stake, in one or more tranches via a public offer, subject to necessary approvals from competent authorities.

The board also approved an investment of up to ₹66.60 crore in NIRL, to be made in one or more tranches through subscription to equity shares at face value. The investment is aimed at funding green energy projects, which will be executed through joint venture companies, subject to statutory approvals as required.

Additionally, the board has approved the declaration of an interim dividend of 36 percent, amounting to Rs 3.60 per equity share of face value Rs 10 for the financial year 2025–26. The company has fixed January 16, 2026 as the record date for determining shareholders eligible for the interim dividend.

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In the previous trading session, the share closed down 2.41 percent or Rs 6.25 at Rs 252.65.

The share touched a 52-week high of Rs 292.35 and a 52-week low of Rs 185.85 on 07 October, 2025 and 17 February, 2025, respectively.

Currently, the stock is trading 12.49 percent below its 52-week high and 37.66 percent above its 52-week low.

The market capitalisation of the company stands at Rs 35,477.10 crore.