NLC India Limited (NLCIL) and National Aluminium Company Limited (NALCO) have signed a Joint Venture Agreement to develop a 1,080 MW coal-based captive thermal power plant at Angul, Odisha. The project will strengthen energy security, support NALCO’s expansion plans and reinforce India’s industrial growth.
Key Highlights
- NLC India and NALCO sign a 50:50 Joint Venture Agreement for a 1,080 MW captive thermal power plant.
- 4×270 MW coal-based project to be developed at Angul, Odisha.
- Union Coal and Mines Minister G. Kishan Reddy witnessed the agreement signing.
- Project aims to ensure reliable long-term power supply and strengthen India’s energy security.
New Delhi, July 09: NLC India Limited (NLCIL) and National Aluminium Company Limited (NALCO) have entered into a landmark Joint Venture Agreement (JVA) to establish a 4×270 MW (1,080 MW) coal-based captive thermal power plant at Angul, Odisha. The strategic partnership brings together two Navratna Central Public Sector Enterprises (CPSEs) to support India’s growing industrial and energy requirements through a reliable captive power source.
The agreement was signed in the presence of Union Minister for Coal and Mines G. Kishan Reddy, underscoring the Government of India’s focus on strengthening collaboration among public sector enterprises to accelerate infrastructure development. Senior officials from the Ministry of Coal, Ministry of Mines, NLC India and NALCO also attended the signing ceremony.
The newly formed Joint Venture Company (JVC) will be promoted by NLC India and NALCO with equal equity participation of 50:50. The company will be responsible for developing, financing, constructing, owning and operating the 1,080 MW captive thermal power plant, ensuring a stable and uninterrupted power supply for NALCO’s expansion project.
The project is expected to play a crucial role in supporting India’s aluminium sector, where uninterrupted electricity is essential for efficient operations. By establishing dedicated captive generation capacity, the venture will improve energy reliability, enhance operational efficiency and contribute to the long-term competitiveness of India’s aluminium industry.
The collaboration also reflects the Government’s broader vision of integrated resource development, energy security and sustainable industrial growth. Leveraging the expertise of NLC India in power generation and NALCO in aluminium production is expected to create operational synergies while strengthening the role of Central Public Sector Enterprises in driving national infrastructure development.
Conclusion
The NLC India-NALCO Joint Venture represents a significant investment in India’s energy infrastructure, ensuring reliable power for industrial expansion while supporting the country’s long-term goals of energy security, manufacturing growth and self-reliance.
