NLC India signs JV with NALCO for 1,080 MW captive power plant in Odisha

Marquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

NLCINDIA · price

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Price reactionminutes from the announcement price · days from the prior close

+2.8%Reaction day

₹295.00

prior close

₹298.20

announcement price

After-mkt

timing

Nifty Midcap 150market+1.4%+1.4% vs market

Power Generation peers, median of 27sector+0.1%+2.7% vs sector

On the reaction day the stock moved 1.4 pts more than Nifty Midcap 150 and 2.7 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.5

10m

+0.6

15m

+0.7

30m

+1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.8+1.4+1.4+0.1+2.7

Next day

+6.8+2.8+4.0+1.7+5.1

+3.2+2.8+0.4+1.3+2.0

+2.9+2.3+0.6+0.3+2.6

+2.6+2.7-0.2+0.1+2.5

+1.4+2.3-0.9+0.3+1.1

+0.8+2.4-1.6-0.4+1.3

15d

-0.9+2.2-3.1-1.6+0.7

-3.3+4.1-7.4-1.8-1.5

-7.9+2.0-9.9-4.4-3.6

-17.4-4.1-13.2-11.7-5.7

UpDownMarket · Nifty Midcap 150Sector · Power Generation peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NLC India has signed a Joint Venture Agreement with NALCO to form a 50:50 Joint Venture Company for developing a 4x270 MW (1,080 MW) coal-based thermal captive power plant at Angul, Odisha. The plant will supply power to NALCO's 0.5 MTPA Aluminium Smelter Expansion Project under a 25-year Power Purchase Agreement for 100 percent offtake. NLCIL will also supply coal from its Machhakata mine under a 25-year Fuel Supply Agreement. Both parties are central government PSUs and will have equal board nomination.

Likely market impact

Strengthens NLC India's project pipeline with a long-term 1,080 MW captive power order and secured coal off-take from its own mines, boosting revenue visibility.