Announced Wed, 8 Jul · 17:41 IST
NLC India, NALCO sign JV for 1,080 MW thermal power project in Odisha
Compliance View source PDF
NLCINDIA · price
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Price reaction · full curve 14 horizons · vs prior close
+6.8%1-day move
₹295.00
prior close
₹298.20
base price
After-mkt
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AI summary
NLC India and NALCO signed a joint venture agreement on July 8, 2026, to set up a 1,080 MW (4x270 MW) coal-based captive thermal power plant at Angul, Odisha. Both are Navratna Central Public Sector Enterprises under the Government of India. The JV will be on a 50:50 equity basis and will develop, finance, build and operate the plant to provide reliable long-term power for NALCO's expansion project.
Likely market impact
Strengthens NLC India's project pipeline and long-term revenue visibility through a government-backed captive power tie-up with NALCO.