Announced Wed, 8 Jul · 18:45 IST
NALCO and NLC India sign 50:50 JV for 1,080 MW captive power plant
NATIONALUM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹351.00
prior close
₹350.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.3-1.3-1.9+1.2+0.8+3.9+3.1+1.1-2.3————
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AI summary
NALCO and NLC India signed a 50:50 JV for a 1,080 MW (4x270 MW) thermal captive power plant at Anugola, Odisha. JV registered office will be in Chennai, corporate office in Bhubaneswar. NALCO signs 25-year PPA for 100% power offtake; NLCIL supplies coal at Coal India prices. The plant supports NALCO's 0.5 MTPA aluminium smelter expansion targeted for 2030-31. Follows February 2026 MoU between the two Navratna CPSEs.
Likely market impact
Strengthens energy security for NALCO's smelter expansion. Long-term PPA locks in power costs. Positive for shareholders.