NLC India and NALCO Forge Strategic Joint Venture for 1,080 MW Captive Power Plant in Odisha

In a powerful stride towards bolstering India’s energy self-reliance and industrial expansion, two of the nation’s Navratna Central Public Sector Enterprises, NLC India Limited (NLCIL) and National Aluminium Company Limited (NALCO), have officially cemented a Joint Venture Agreement. Signed on July 8, 2026, this significant collaboration is set to establish a formidable 1,080 MW coal-based captive thermal power project in Angul, Odisha.

This strategic partnership, witnessed by the Hon’ble Union Minister for Coal and Mines, Shri G. Kishan Reddy, underscores a concerted effort towards integrated resource development. The Joint Venture Company will see NLCIL and NALCO participate with equal 50:50 equity, taking on the full scope of developing, financing, constructing, owning, and operating the impressive 4×270 MW power plant.

The core purpose of this captive facility is to ensure a dependable, long-term power supply for NALCO’s critical expansion initiatives. This strategic security is paramount for the aluminium giant, safeguarding its operational continuity and future growth trajectory. For NLCIL, a leading name in India’s power sector, this venture not only expands its generation capacity but also exemplifies the growing synergy between government enterprises to achieve national objectives.

This alliance transcends a mere business transaction; it embodies the Government of India’s commitment to sustainable industrial growth, enhancing national energy independence, and fostering robust inter-CPSE collaboration. As India accelerates its industrialization, such integrated infrastructure projects are crucial, promising not only economic dividends but also a more resilient and self-reliant energy future. This project, bringing together two giants, is poised to be a benchmark for efficient resource utilization and strategic partnership in the public sector.