Announced Tue, 29 Sept, 2026 · 17:22 IST
NLC India forms 50:50 JV with NALCO for 1080 MW thermal power plant
NLCINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
-1.2%1-day move
₹255.90
prior close
₹258.55
base price
After-mkt
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AI summary
NLC India board approved a 50:50 joint venture with NALCO to develop a 1080 MW (4x270 MW) thermal captive power plant in phases to meet NALCO's captive power needs. The JVC, named NLC NALCO Power Limited, will be funded via cash equity subscription at Rs 10 per share. The partners will also explore long-term PPA for NALCO's renewable energy requirements. DIPAM and Ministry of Coal have already approved the formation.
Likely market impact
Adds new revenue stream through captive power project and renewable energy tie-up with NALCO, boosting long-term growth visibility.