NLC India share price gains 2% on renewable energy projects win

NLC India

NLC India's share price jumped nearly 2 percent in the opening trade on January 14 after the company signed a pact with the Gujarat government for the development of renewable energy projects.

At 09:20am, NLC India was quoting at Rs 259.35, up Rs 4.15, or 1.63 percent, on the BSE.

“…has signed a Memorandum of Understanding (MoU) with the Government of Gujarat during the Vibrant Gujarat Regional Conference for the development of large-scale renewable energy projects in the state, including solar, wind, hybrid and battery energy storage projects, with an aggregate investment potential of approximately ₹25,000 crore,” the company said in its exchange filing.

The proposed projects will be developed through the company’s wholly owned subsidiary, NLC India Renewables (NIRL).

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The company board in its meeting held on January 12 gave 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 and approved an investment of up to Rs 66.60 crore in NIRL.

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.

In the previous trading session, the share closed at Rs 255.20, down Rs 0.65, or 0.25 percent.

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 12.71 percent below its 52-week high and 37.32 percent above its 52-week low.

The market capitalisation of the company stands at Rs 35,386.97 crore.