NLC India Limited forms JV with NALCO for 1,080 MW thermal power plant in Odisha
NLC India · Power
Key highlights
- NLC India Limited and National Aluminium Company Limited (NALCO) to form a 50:50 Joint Venture Company (JVC)
- JV to develop 4×270 MW (1,080 MW) coal-based captive power plant at Angul, Odisha for NALCO's aluminium smelter expansion
- JV will have a 25-year Fuel Supply Agreement with NLCIL and 25-year Power Purchase Agreement with NALCO for 100% power offtake
Why it's rated notable: The filing signs a binding JV agreement for a 1,080 MW plant but states no capex value, so the level stays at medium without a figure to size it against annual revenue.
Original filing
Announcement under Regulation 30 (LODR)-Joint Venture
Read the filing on BSE (PDF) →Companies guiding to strong growth
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Potential multibaggers · Q2 FY27
Potential multibaggers in Power
on management's own guidance
- Strong growth2
- Strong growth1
- Adani PowerGood growth3
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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.