MoneyWorks4Me

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

402.75 7.75 (1.96%)
24-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
National Aluminium 402.75
Maan Aluminium 118.75
Arfin India 84.00
Manaksia Aluminium 37.16
PG Foils 221.60
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: