DIPAM gives nod for NLC’s arm listing; ₹4,000 crore IPO in FY27

DIPAM gives nod for NLC’s arm listing; ₹4,000 crore  IPO in FY27

NLCIL operates a renewable energy portfolio of 1.4 GW and these assets will be transferred to NIRL to consolidate green energy initiatives under a unified platform.
| Photo Credit: KUMAR SS

The Department of Investment and Public Asset Management (DIPAM) has given the green light for listing of Neyveli Lignite Corp India’s (NLC India) renewable energy arm, NLC India Renewables (NIRL), a senior government official privy of the development told The Hindu.

The official further said that NIRL would be debuting on the bourses with its ₹4,000 crore IPO within the ongoing financial year.

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