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Big PSU Move: NLC India to List Renewable Arm, Dividend Announced
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Big PSU Move: NLC India to List Renewable Arm, Dividend Announced
State-run NLC India has taken a major step towards strengthening its renewable energy business. The company’s board has given in-principle approval to list its wholly-owned subsidiary, NLC India Renewables Limited (NIRL). As part of this plan, the government is expected to sell up to 25% stake in the renewable arm in one or more portions through a public offer, in line with the National Monetisation Pipeline. Along with the listing decision, NL…
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