Announced Wed, 8 Jul · 17:29 IST
NALCO signs JV with NLC India for 1,080 MW captive power plant at Angul
NATIONALUM · price
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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 signed a 50:50 joint venture with NLC India Limited to set up a 1,080 MW (4x270 MW) thermal captive power plant at Angul, Odisha. The plant will supply power for NALCO's 0.5 MTPA aluminium smelter expansion project. A 25-year PPA ensures 100% power offtake to NALCO. Coal will be supplied by NLCIL at Coal India notified prices. Both are central government companies.
Likely market impact
Long-term captive power secured for smelter expansion, reducing energy cost risk. Positive for growth and operational stability.