NLC India's Green Energy Arm NIRL to Launch ₹4,000 Crore IPO in Q2 FY27 for Expansion.

NIRL, the dedicated renewable energy subsidiary of state-owned NLC India, is set to go public in the second quarter of the next financial year, aiming to raise approximately ₹4,000 crore to fuel its ambitious expansion plans. This announcement comes from a top official of the company.

In an interview with PTI, Prasanna Kumar Motupalli, Chairman and Managing Director (CMD) of NLC India Ltd (NLCIL), revealed the public sector enterprise's target to significantly boost its renewable energy capacity. The company plans to scale up from its current 1.4 GW to an impressive 10 GW by 2030. To partly fund this substantial growth, NIRL intends to raise the aforementioned capital through an Initial Public Offering (IPO).

Motupalli further stated that NIRL plans to file its draft papers with the market regulator SEBI in the first quarter of the 2026-27 fiscal year, moving closer to its public market debut.