Joint Venture Agreement Details
NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise under the Ministry of Coal, and National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise under the Ministry of Mines, signed a Joint Venture Agreement on 8 July 2026 for development of a 4 x 270 MW (1,080 MW) Coal-based Captive Thermal Power Plant at Angul, Odisha.
Equity Structure and Participation
The Joint Venture Company will be jointly promoted by NLC India Limited and NALCO with an equal equity participation of 50:50. The Joint Venture will develop, finance, construct, own and operate the 1,080 MW captive thermal power plant.
Purpose and Strategic Impact
The plant will ensure a reliable long-term power supply to support NALCO's expansion project. This initiative marks a significant milestone in strengthening collaboration between two leading Central Public Sector Enterprises and reflects the Government of India's commitment to promoting integrated resource development, energy security and sustainable industrial growth.
Ceremony Attendees
The Joint Venture Agreement was signed in the presence of Shri G. Kishan Reddy, Hon'ble Union Minister for Coal and Mines. The ceremony was attended by:
- Shri Sanoj Kumar Jha, Additional Secretary, Ministry of Coal & Chairman and Managing Director (Additional Charge), NLC India Limited
- Shri Brijendra Pratap Singh, Chairman and Managing Director, NALCO
- Dr. Prasanna Kumar Acharya, Director (Finance), NLC India Limited
- Shri Abhaya Kumar Beuria, Director (Finance), NALCO
- Shri Jagdish Arora, Director (Projects & Technical), NALCO
- Shri Vivek Kumar Bajpai, Joint Secretary, Ministry of Mines
- Senior officials of the Ministry of Coal, Ministry of Mines, NLC India Limited and NALCO