National Aluminium Company Limited (NATIONALUM) — Announcement

1 Announcement Neutral 📄 PDF

📢 Key Event
Joint venture with NLC India for 1,080 MW thermal captive power plant

💡 Investor Takeaway
The JV secures dedicated power for expansion but involves government entities, limiting immediate financial upside.

National Aluminium Company Limited announced a joint venture with NLC India Limited to build a 1,080 MW thermal captive power plant in Angul, Odisha, to support NALCO's smelter expansion, with 50:50 equity sharing and long-term power and coal supply agreements.

2 Announcement Neutral 📄 PDF

📢 Key Event
NALCO and NLCIL sign JV for 1,080 MW captive power plant

💡 Investor Takeaway
The JV secures dedicated power for NALCO's expansion, reducing reliance on external utilities and supporting future growth.

National Aluminium Company Limited announced that it and NLC India Limited signed a joint venture agreement to develop a 1,080 MW captive power plant at Anugola, Odisha, with a 50:50 equity structure and a 25-year power purchase agreement for full off-take by the JVC.

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