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NTPC signs MoU with NALCO

17 Feb 2024 Evaluate

NTPC has signed non-binding memorandum of understanding (MoU) with National Aluminium Company (NALCO), a Navaratna Company, engaged in Aluminium production, to explore various options e.g. Coal based Thermal, Solar PV, Wind, any other RE, Energy Storage or any combination of same, to supply about 1200 MW or more of round-the-clock uninterrupted power to cater to requirement of NALCO for its expansion of smelter plant capacity in Angul, Odisha.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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