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NALCO, NLC India to form JVC for 1,080 MW captive power plant in Odisha

09 Jul 2026 Evaluate

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.


National Aluminium Share Price

361.45 -3.35 (-0.92%)
15-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 361.45
Maan Aluminium 118.30
Arfin India 86.96
Manaksia Aluminium 36.88
PG Foils 183.30
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