National Aluminium Company Ltd enters JV agreement with NLC India for power plant development
National Aluminium Company · Non - Ferrous Metals
Key highlights
- Signed Joint Venture Agreement on 08.07.2026 with NLC India Limited to form a 50:50 JVC
- JVC to develop 4×270 MW (1,080 MW) thermal captive power plant at Angul, Odisha
- JVC to have 25-year PPA with NALCO and Fuel Supply Agreement with NLCIL; both government companies under different ministries
Why it's rated notable: The signed agreement creates a 50:50 JV for a 1,080 MW captive power plant for the smelter expansion, but the filing states no investment amount, so the level is medium by default.
Original filing
Announcement under Regulation 30 (LODR)-Joint Venture
Read the filing on BSE (PDF) →Companies guiding to strong growth
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More from National Aluminium Company
- Capex / expansionNotableNALCO advances ₹30,000 crore Anugola smelter expansion with key approvals
- Dividend / buyback / bonusNotableNALCO reports record half-year financials with strong Q2 profit and production growth
- Capex / expansionNotableNALCO signs tech partnership with EGA for 0.5 MTPA smelter expansion at Anugola
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.