NLC India (NLCIL) has signed a Memorandum of Understanding (MoU) with National Aluminium Company (NALCO), a Navratna CPSE under the Ministry of Mines, to strengthen collaboration in the development of thermal and renewable energy projects.
The Mou provides a structured framework for cooperation in the proposed 1200 MW for Thermal Captive Power Project and renewable energy development, aimed at meeting NALCO's captive and long-term power requirements in a reliable, cost-effective, and sustainable manner.
The collaboration also enables exploration of long-term power tie ups, including captive and group captive arrangements, as well as long-term coal supply arrangements, ensuing energy and fuel security for identified projects. The MoU further envisages joint project development, including the possible formation of a Joint Venture Company.
This partnership reflects the spirit of inter-CPSE collaboration, aimed at optimising national resources, strengthening energy security, and supporting India's industrial growth and sustainability objectives and furthering NLCIL’s capacity-building efforts.
NLC India is a Navratna Government of India Enterprise, under the administrative control of Ministry of Coal. The company is engaged in the business of mining of Lignite, Coal and generation of power by using lignite as well as Renewable Energy Sources and consultancy.
| Company Name | CMP |
|---|---|
| NTPC | 396.45 |
| Tata Power | 432.10 |
| Adani Power | 203.80 |
| Power Grid Corp | 320.10 |
| Torrent Power | 1634.00 |
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