NLC India Limited (NLCIL) signed Memorandum of Understandings (MoUs) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) at Mumbai on October 22, 2026 for:      Coal Gasification project at Odisha and exploring opportunities for establishing linkages between coal gasification and fertilizer production. NLCIL will explore the technical feasibility of coal gasification and the production of synthesis gas (Syn-Gas) for potential applications in the fertilizer sector; Establishment of a Beach Sand mineral processing facility with a tentative investment of 2000 Cr and expected to generate potential employment of 500 numbers, contributing to industrial development and socio-economic growth in the region; Development of 3200 MW (4x 800 MW) Ultra super-critical coal-based thermal power plant in Odisha. Involving a potential investment of Rs.35,000 crore. The proposed project is expected to generate employment opportunities for approximately 4,000 persons, contributing to the State’s economic growth and industrial development.

The MoUs were signed by I S Jasper Rose, Executive Director (Mines & Land), NLCIL, and Mrs Aboli Sunil Naravane, IAS, Managing Director, IPICOL, in the presence of Mohan Charan Majhi, Chief Minister of Odisha, Hemant Sharma IAS Additional Chief Secretary, Industries Department, Energy, Govt. of Odisha and Dr.Prasanna Kumar Acharya, Chairman-cum-Managing Director (CMD), NLCIL.

Through this initiative, NLCIL and IPICOL reaffirm their commitment to partnering in the industrial and infrastructure development of Odisha, strengthening the State’s power infrastructure and supporting its long-term development objectives, to explore new avenues for integrating the coal and fertilizer sectors, supporting the Government of India’s vision of Atmanirbhar Bharat while contributing to Odisha’s industrial development and economic growth and promoting mineral-based industries, generating employment and supporting the economic growth of Odisha.