This government Navratna company’s renewable energy unit will bring IPO, will raise 4000 crores from the market
Navratna government company NLC India’s Renewable Energy Unit, NIRL will bring initial public output (IPO). The company is expected to be listed in the second quarter of the next financial year. The company’s plan is to raise around Rs 4,000 crore for partial funding of expansion schemes. A top company official gave this information. Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of NLC India Limited (NLCIL), said that this public sector company is a target of increasing its renewable energy capacity by 2030 to increase its renewable energy capacity from the current 1.4 gigawatts to 10 gigawatts. The company plans to raise Rs 4,000 crore through the initial public issue (IPO).
Preparation to submit paper with SEBI soon
The company is planning to file the draft documents with the market regulator’s Securities and Exchange Board (SEBI) in the first quarter of 2026-27. Motupalli said that we are targeting to raise Rs 4,000 crore through IPO. So by September, we will be in a position to increase our renewable properties through NIRL and by March 2026 we will complete the legal and financial inquiry and will apply to SEBI in the first quarter of 2026-27. NLC India Limited will invest Rs 50,000-60,000 crore to increase its renewable energy capacity by about seven times. The company intends to raise this amount through equity and loan. He said that equity part would be funded from internal sources.
Exemption from Economic Affairs Committee
The Cabinet’s Economic Affairs Committee (CCEA) has given special exemption from investment guidelines to control government -owned companies on 16 July. With this, NLCIL will now be able to invest Rs 7,000 crore in NIRL. The company will now also be able to invest in various projects without any approval or through joint enterprises. This approval is necessary for all public sector Navratna companies. Currently, NLCIL operates seven renewable energy assets with a total installed capacity of two gigawatts, which are either on or close to commercial operations.
NLC India is a six gigawatt company which includes 4.6 gigawatt thermal capacity. NLC India – A gigawatt is the first company in the country to add renewable energy capacity. The company plans to increase its green energy capacity by 2047 to 32 GW. NLC India under the Ministry of Coal is in mining and power generation business.
Latest business news
