Divestment3 Sept 2026, 09:51 pm
NLC India Hives Off 708.96 MW RE Assets to Subsidiary
AI Summary
NLC India Ltd has signed an Addendum to the Business Transfer Agreement with its wholly-owned subsidiary, NLC India Renewables Limited (NIRL), for the proposed hiving off of 708.96 MW of Renewable Energy Assets. These assets include a 4 MW Green Hydrogen Project and are at various stages of construction or operation. The revenue from these operational assets was ₹41.16 Crore in FY 2025-26, representing 0.24% of the company's consolidated revenue. The net worth of these RE assets is ₹925.08 Crore, or 4.30% of NLC India's total net worth. The transaction is expected to be completed within 3 months and is considered a related party transaction conducted at book value.
Key Highlights
- NLC India is hiving off 708.96 MW of renewable energy assets to its subsidiary NIRL.
- The transferred assets contributed ₹41.16 Cr revenue (0.24%) and ₹925.08 Cr net worth (4.30%).
- The transaction is a related party deal between holding and wholly-owned subsidiary.
- Completion is expected within three months, with consideration via cash/debt acknowledgement.
- No amalgamation or merger is involved; Regulation 37A is not applicable.
Price Impact
More from NLCINDIA