Business Update31 Oct 2025, 07:45 pm
NLC India Ltd to Hive Off Renewable Energy Assets Worth Rs. 3,869.26 Crore to Wholly Owned Subsidiary
AI Summary
NLC India Ltd has entered into a Business Transfer Agreement with NLC India Renewables Limited (NIRL) for proposed hiving off of the renewable energy assets with a total capacity of 1,430 MW. The net worth of these assets is Rs. 3,869.26 Crore, which is 20.67% of NLCIL's net worth. The transaction is being carried out at book value and has been approved by the Audit Committee, Board of Directors, and the Government of India. The hiving off is expected to be completed by 31st December, 2025.
Key Highlights
- NLC India Ltd to hive off renewable energy assets worth Rs. 3,869.26 Crore to NLC India Renewables Limited
- The assets have a total capacity of 1,430 MW and contributed Rs. 701.61 Crore to NLCIL's revenue in FY 2025
- The transaction is being carried out at book value
- The transaction has been approved by the Audit Committee, Board of Directors, and the Government of India
- The hiving off is expected to be completed by 31st December, 2025