New Delhi: NLC India Limited (NLCIL) and National Aluminium Company Limited (NALCO) have signed a Joint Venture Agreement (JVA) to develop a 1,080 MW coal-based captive thermal power plant in Angul, Odisha. The agreement marks an important step towards strengthening India’s energy infrastructure and supporting the expansion plans of both public sector enterprises.
The Joint Venture Agreement was signed on July 8, 2026, in New Delhi in the presence of Mr. G. Kishan Reddy, Union Minister for Coal and Mines.
NLC India and NALCO Join Hands for 1,080 MW Power Project
Under the agreement, NLC India Limited and NALCO will jointly establish a 4 × 270 MW captive thermal power plant, with a total installed capacity of 1,080 MW at Angul, Odisha.
The project will be developed, financed, constructed, owned, and operated by a newly formed Joint Venture Company (JVC) promoted by both organisations.
The initiative aims to provide a reliable long-term power supply to support NALCO’s expansion projects and strengthen industrial growth in the region.
Equal 50:50 Partnership Between Two Navratna PSUs
The Joint Venture Company will have equal equity participation from NLC India Limited and NALCO, with both companies holding a 50:50 stake.
The collaboration represents a strategic partnership between two leading Central Public Sector Enterprises and highlights the government’s focus on integrated resource development and efficient utilisation of national resources.
The project is expected to play a key role in enhancing power availability for industrial operations while contributing to India’s growing energy requirements.
Union Minister G. Kishan Reddy Witnesses Agreement Signing
The Joint Venture Agreement ceremony was held in the presence of Mr. G. Kishan Reddy, Hon’ble Union Minister for Coal and Mines.
Several senior officials from the Ministry of Coal, Ministry of Mines, NLC India Limited, and NALCO attended the event.
Key officials present included:
- Mr. Sanoj Kumar Jha, Additional Secretary, Ministry of Coal and CMD (Additional Charge), NLC India Limited
- Mr. Brijendra Pratap Singh, Chairman and Managing Director, NALCO
- Dr. Prasanna Kumar Acharya, Director (Finance), NLC India Limited
- Mr. Abhaya Kumar Beuria, Director (Finance), NALCO
- Mr. Jagdish Arora, Director (Projects & Technical), NALCO
- Mr. Vivek Kumar Bajpai, Joint Secretary, Ministry of Mines
Project to Strengthen Energy Security and Industrial Growth
The 1,080 MW captive thermal power project is expected to support India’s energy security objectives by ensuring a stable and dependable power supply for industrial development.
The partnership reflects the Government of India’s commitment towards:
- Strengthening domestic energy infrastructure
- Supporting industrial expansion
- Promoting collaboration among public sector enterprises
- Ensuring sustainable economic growth
The project will also contribute to Odisha’s industrial development by improving power availability in the region.
NLC India and NALCO Strengthen Public Sector Collaboration
The partnership between NLC India and NALCO highlights the growing role of Central Public Sector Enterprises in supporting India’s infrastructure and industrial ambitions.
By combining their expertise and resources, both organisations aim to create a strong foundation for future industrial development and energy security.
About NLC India Limited (NLCIL)
NLC India Limited is a Navratna Central Public Sector Enterprise under the Ministry of Coal, Government of India. The company is engaged in mining, power generation, and renewable energy projects. With expertise in lignite mining and thermal as well as renewable power generation, NLC India plays an important role in supporting India’s energy needs.
About National Aluminium Company Limited (NALCO)
National Aluminium Company Limited (NALCO) is a Navratna Central Public Sector Enterprise under the Ministry of Mines, Government of India. The company is one of India’s leading integrated aluminium producers, involved in bauxite mining, alumina refining, aluminium production, and power generation. NALCO contributes significantly to India’s metals sector and industrial growth.
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