NLC India Renewables IPO: State-run NLC India has obtained clearance from the Department of Investment and Public Asset Management (DIPAM) to go ahead with its plans to launch the IPO of a subsidiary.
NLC India has plans to list its renewable energy arm, NLC India Renewables (NIRL).
NLC India Renewables IPO: DIPAM Clears Proposal
According to The Hindu report, which cited sources, DIPAM has given its nod for the listing of NLC India Renewables (NIRL).
A senior government official told The Hindu that NLC India Renewables will list on the exchanges BSE and NSE.
NLC India Renewables IPO Listing In FY27
NLC India Renewables shares will most likely list in the current financial year 2027 (FY27).
NLC India Renewables IPO size could be around Rs 4,000 crore, the report said.
NLC India Renewables IPO Cleared By NLC India Board
Earlier, NLC India’s board had given in-principle approval for the listing of NLC India Renewables shares.
Meanwhile, other PSUs, South Eastern Coalfields Ltd (SECL) and Mahanadi Coalfields Ltd, are also preparing to list their shares on the exchanges.
NLC is a PSU, engaged in lignite mining and power generation. NLC has diversified into the renewable energy and coal mining business in India and abroad.
NLC India Q4 Results FY26
NLC India Q4 consolidated profit FY26: Rs 468.46 crore, up 4X YoY (Q4FY25 profit Rs 113.95 crore)
NLC India Q4 consolidated income FY26: Rs 3,971.90 crore (Q4FY25 income Rs 4,034.53 crore)
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