NLC India has approved the listing of its wholly-owned subsidiary, NLC India Renewables (NRIL), on the stock exchanges through the sale of up to 25% of its equity.

The NLC board’s in-principle approval of the listing proposal will be communicated to the Ministry of Coal for onward submission to the Department of Investment and Public Asset Management.

The board of NLC India also approved investing ₹666 million (~$7.38 million) in NIRL by subscribing to its equity shares. The transaction will be completed in one or more tranches, at the end of which NLC will have acquired 100% of NIRL’s equity.

The investment will help in developing green energy projects, to be implemented through joint ventures.

In December 2025, NLC India and PTC entered into a joint venture to develop 2 GW of renewable energy projects. The JV will undertake the development, operation, and maintenance of solar, wind, hydro, battery energy storage systems, and green ammonia. It aims to develop green energy capacity of up to 2,000 MW in phases. In the first phase, the joint venture will aim for a capacity of 500 MW.

NLC India has declared an interim dividend of 36% on the face value of its paid-up equity shares of ₹10 (~$0.11) each for the financial year 2026.

In July 2025,  NLC India granted an in-principle approval to invest up to ₹16.3 billion (~$190 million) in one or more tranches in NIRL. This investment would be utilized to support NIRL’s renewable energy projects via capital expenditure funding.

In December 2025, NLC India secured a green loan of ¥154.64 billion (~$100 million) from Sumitomo Mitsui Banking Corporation. The loan proceeds funding will be used to support capital expenditure for renewable energy projects through NIRL, helping optimize margins and accelerate its green energy initiatives.

In December 2025, NLC India received a letter of acceptance from the National Capital Region Transport Corporation for setting up 110 MW ground-mounted solar projects in Uttar Pradesh.