NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise under the Ministry of Coal, and National Aluminium Company Limited (NALCO), a Navratna Central Public Sector Enterprise under the Ministry of Mines, signed a Joint Venture Agreement today for development of a 4 × 270 MW (1,080 MW) Coal-based Captive Thermal Power Plant at Angul, Odisha.

The Joint Venture Agreement was signed in the august presence of G Kishan Reddy, Union Minister for Coal and Mines.

The ceremony was attended by Sanoj Kumar Jha, Additional Secretary, Ministry of Coal & Chairman and Managing Director (Additional Charge), NLC India Limited; Brijendra Pratap Singh, Chairman and Managing Director, NALCO; Dr. Prasanna Kumar Acharya, Director (Finance), NLC India Limited; Abhaya Kumar Beuria, Director (Finance), NALCO; Jagdish Arora, Director (Projects & Technical), NALCO; Vivek Kumar Bajpai, Joint Secretary, Ministry of Mines, along with senior officials of the Ministry of Coal, Ministry of Mines, NLC India Limited and NALCO.

The Joint Venture Company will be jointly promoted by NLC India Limited and NALCO with an equal equity participation of 50:50. The Joint Venture will develop, finance, construct, own and operate the 1,080 MW captive thermal power plant, ensuring a reliable long-term power supply to support the expansion project.

The initiative marks a significant milestone in strengthening collaboration between two leading Central Public Sector Enterprises and reflects the Government of India's commitment to promoting integrated resource development, energy security and sustainable industrial growth.