Corporate actions1 Oct 2026 · Wed
NLCINDIANLC India
NLC India and NALCO set up a 50:50 JV for a 1,080 MW captive power plant
NLC India said it has incorporated a joint venture company with NALCO, in equal shares, to develop a 1,080 MW thermal captive power plant.
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- Sector
- Power
What happened
- NLC India told the exchanges it incorporated a joint venture company with National Aluminium Company (NALCO) in a 50:50 ratio, to develop a 1,080 MW (4 x 270 MW) thermal captive power plant.
- The two companies signed the joint venture agreement on 10 July 2026 for a plant at Angul, Odisha, according to Powerline.
- The plant is meant to support NALCO's aluminium smelter expansion, according to Powerline.
- The sources do not give the investment amount.
Why it matters
Good to know: A captive power plant is built mainly to supply the company that owns it, rather than to sell power to the grid.
Key facts
- Partners
- NLC India and NALCO, 50:50
- Capacity
- 1,080 MW (4 x 270 MW)
- Location
- Angul, Odisha
- Investment
- Not stated
Read the source
This is a summary of public news about NLC India, for information only. It is not a recommendation to buy, sell or hold NLCINDIA.
NLC India in the news before
- 23 OCT 2026 · BUSINESS UPDATESNLC India signs Odisha MoUs for a 3,200 MW coal plant, put at ₹35,000 crore