NLC India in limelight

Shares of NLC India rose about 2% in early trade today after the company announced key board decisions around subsidiary monetisation and shareholder payouts.

The stock traded near Rs. 261 in morning deals, rebounding from the previous session’s decline, and moved within a Rs. 258–263 intraday range. NLC India remains about 12.5% below its 52-week high of Rs. 292.35, while trading nearly 38%.

The immediate trigger was the board’s in-principle approval to list its wholly owned renewable energy arm, NLC India Renewables Ltd (NIRL), through dilution of up to 25% equity via one or more public market tranches, subject to regulatory clearances.

Alongside this, the board approved an additional equity infusion of up to Rs 66.60 crore into NIRL to fund upcoming green energy projects through joint ventures.

The proposed listing marks a strategic step towards unlocking value from the renewables portfolio, while retaining management control, and aligns with the broader push to separate conventional and green energy businesses for sharper capital allocation.

The board also declared an interim dividend of 36%, translating to Rs 3.60 per share, with January 16, 2026 fixed as the record date. The dividend announcement, coming alongside the renewables listing plan, signals confidence in cash flows even as capital is earmarked for energy transition investments.

At current levels, NLC India is trading about 12.5% below its 52-week high of Rs 292.35 and nearly 38% above its 52-week low of Rs 185.85, with a market capitalisation of around Rs 35,500 crore, suggesting the stock remains in the middle of its annual valuation band as investors weigh steady legacy earnings against the longer-term renewables monetisation opportunity.