NLC India to sell 10-Cr shares in renewable energy unit’s IPO

Neyveli, Tamil Nadu-headquartered NLC India plans to sell 10 crore shares in the upcoming initial public offering (IPO) of its renewable energy subsidiary, NLC India Renewables. The IPO aims to raise INR 4,000 crore, with the listing anticipated in the 2027 fiscal year. The firm also plans to raise INR 2,500 crore through the issuance of debenture-style bonds.NLC India, a public sector entity, is focused on lignite and power generation. The company intends to use the proceeds from these capital initiatives to support its ongoing operations and expansion projects.