NLC India's board has granted in-principle approval for the listing of its wholly-owned subsidiary, NLC India Renewables (NIRL), through a public offer of up to 25% stake. This move aligns with the government's National Monetisation Pipeline. The board also approved an interim dividend of Rs 3.60 per share and an investment of up to Rs 66.60 crore in NIRL to fund green energy projects. The PSU's stock has shown strong long-term performance despite recent market laggard status.