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NLC India enters into joint venture with UP government to set up thermal power plant

03 Aug 2023 Evaluate

NLC India has entered into a joint venture with the UP government to set up a thermal power plant at a cost of Rs 19,406 crore. The plant will come up at Ghatampur near Kanpur in Uttar Pradesh. The 1,980 MW plant will have three units of 660 MW each. 

The first phase of the project will start generating power by the end of this year. Once fully operational, around 1,478.28 MW power will be supplied to Uttar Pradesh and the remaining 492.72 MW to Assam.

NLC India is engaged in the business of lignite mining and power generation.


Peers
Company Name CMP
NTPC 311.10
Tata Power 341.95
Adani Power 189.00
Power Grid Corpn. 249.50
Adani Energy Solut. 1265.00
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