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NLC India gets nod to incorporate Joint Venture Company with NALCO

30 Sep 2026 Evaluate

NLC India has received approval for incorporation of a Joint Venture Company with National Aluminium Company (NALCO) with equity participation of the company and NALCO in the ratio of 50:50 for development of 1080 MW (4 X 270 MW) Thermal Captive Power Plant in phases to meet the captive power requirements of NALCO and exploring options of long term PPA for the renewable energy requirements of NALCO subject to various statutory and administrative approvals and subject to compliance of DIPAM guidelines as may be prescribed. The Board of Directors of the company at its meeting held on September 29, 2026 have, inter-alia, considered and approved the same. 

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.


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