Announced Wed, 8 Jul · 17:25 IST
NALCO signs JV with NLCIL 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 has signed a 50:50 joint venture agreement with NLC India Limited (NLCIL) to set up a 1,080 MW (4x270 MW) Thermal Captive Power Plant at Angul, Odisha. The plant will supply captive power for NALCO's 0.5 MTPA Aluminium Smelter Expansion under a 25-year PPA. The JV will also explore 200-250 MW renewable energy tie-ups and long-term coal supply at Coal India notified prices.
Likely market impact
Secures reliable, low-cost captive power for NALCO's smelter expansion, improving long-term margins. Exempt related-party deal, no governance concerns.