NLC India rises after in-principle nod to list renewables unit

NLC India

13/01/2026 04:07

**Shares of NLC India  NLCI.NS rise nearly 2.5% to 262.35 rupees

** State-run coal miner gives in-principle nod to list unit NLC India Renewables NLCD.NS through dilution of equity stake of up to 25% in one or more tranches through a public offer

** Co also gave in-principle approval to invest up to 666 million rupees ($7.38 million) in NLC India Renewables to fund its green energy projects through JV firms

** Stock rose 0.57% in 2025 and is up nearly 5% YTD

($1 = 90.1910 Indian rupees)

(Reporting by Mridula Kumar in Bengaluru)

((Mridula.Kumar@thomsonreuters.com;))