National Aluminium Company (NALCO) and NLC India (NLCIL) have signed a Joint Venture-cum-Shareholders' Agreement (JVA) for the formation of a 50:50 Joint Venture Company (JVC) to develop a 4×270 MW (1,080 MW) Thermal Captive Power Plant (CPP) at Anugola, Odisha.
The JVC will be incorporated under the Companies Act, 2013. NALCO and NLCIL each will hold 50% equity. The JVC will enter into a 25-year Power Purchase Agreement with NALCO for 100% offtake of power under Section 62 of the Electricity Act, 2003, and a long-term Fuel Supply Agreement with NLCIL for coal at Coal India notified prices.
National Aluminium Company has the largest integrated alumina-aluminium complex of Asia. Its integrated operations cover the entire aluminium production value chain from mining bauxite, refining alumina, smelting aluminium, captive power generation to a strong logistic network.
| Company Name | CMP |
|---|---|
| National Aluminium | 361.45 |
| Maan Aluminium | 118.30 |
| Arfin India | 86.96 |
| Manaksia Aluminium | 36.88 |
| PG Foils | 183.30 |
| View more.. | |
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