NE ENERGY BUREAU
NEW DELHI, JULY 8
In a landmark move set to reinforce India’s industrial and energy backbone, NLC India Limited (NLCIL) and the National Aluminium Company Limited (NALCO) have joined forces to establish a 1,080 MW captive coal-based thermal power plant at Angul, Odisha, creating a strategic energy partnership that promises to power the next phase of the country’s manufacturing growth.
NLC India Limited (NLCIL) signs a Joint Venture agreement with @NALCO_India to develop a 1,080 MW (4×270 MW) coal-based captive thermal power plant at Angul, Odisha, a key step in NLCIL's power generation capacity expansion. Signed in the presence of Shri G. Kishan Reddy,… pic.twitter.com/7ncE10hKd7
— NLC India Limited (Official) (@nlcindialimited) July 8, 2026
- Navratna giants join hands to fuel NALCO’s expansion with a ₹multi-billion integrated thermal power project at Angul
- 50:50 joint venture marks a strategic leap towards energy security, resource integration and uninterrupted power for India’s aluminium sector
- Landmark partnership underlines Centre’s vision of self-reliant industrial infrastructure through collaboration between leading Central Public Sector Enterprises
- New captive power facility to strengthen operational efficiency, boost manufacturing competitiveness and support Odisha’s industrial ecosystem
- JV reflects India’s long-term strategy of building resilient energy assets to power sustained economic and infrastructure growth
The two Navratna Central Public Sector Enterprises signed a Joint Venture (JV) Agreement for the development of the 4×270 MW captive thermal power project, which will provide reliable, long-term power to support NALCO’s expansion while strengthening India’s energy security and integrated resource development strategy.
The agreement was signed in the presence of G. Kishan Reddy, Union Minister for Coal and Mines, highlighting the strategic importance of the project in advancing the Government of India’s vision of self-reliant industrial infrastructure and sustainable economic development.
Under the agreement, NLC India Limited and NALCO will hold equal equity participation of 50:50 in the Joint Venture Company, which will be responsible for financing, constructing, owning, operating and maintaining the 1,080 MW captive thermal power station.
The project is expected to ensure uninterrupted power availability for NALCO’s expansion plans while improving operational efficiency, reducing long-term energy risks and enhancing the competitiveness of India’s aluminium industry in global markets.
The initiative also represents a significant milestone in collaboration between two leading Central Public Sector Enterprises, combining expertise in mining, power generation and industrial manufacturing to create an integrated energy ecosystem capable of supporting future economic growth.
The partnership reflects the Centre’s continued emphasis on strengthening domestic energy infrastructure, optimising natural resources and building resilient industrial capacities that can meet the country’s rapidly growing demand for electricity and critical metals.
With Angul already emerging as one of India’s key industrial hubs, the proposed captive power project is expected to further catalyse regional economic development, generate employment opportunities and reinforce Odisha’s position as a major destination for energy-intensive industries.
The Joint Venture Agreement ceremony was attended by Sanoj Kumar Jha, Additional Secretary, Ministry of Coal and Chairman & Managing Director (Additional Charge), NLC India Limited; Brijendra Pratap Singh, Chairman & Managing Director, NALCO; Dr. Prasanna Kumar Acharya, Director (Finance), NLC India Limited; Abhaya Kumar Beuria, Director (Finance), NALCO; Jagdish Arora, Director (Projects & Technical), NALCO; Vivek Kumar Bajpai, Joint Secretary, Ministry of Mines; along with senior officials from the Ministry of Coal, Ministry of Mines, NLC India Limited and NALCO.
The mega venture is expected to become a cornerstone in India’s strategy of integrating energy generation with industrial expansion, ensuring that reliable power continues to drive the nation’s journey towards becoming a globally competitive manufacturing powerhouse.
