News Stocks NLC India Limited Signs MoU with NALCO for Thermal and Renewable Energy CollaborationNLC India Limited Signs MoU with NALCO for Thermal and Renewable Energy Collaboration
NLC India Limited has signed a strategic MoU with NALCO for thermal and renewable energy collaboration, including a proposed 1200 MW thermal captive power project. The partnership, formalized on 14 February 2026, establishes a framework for long-term power arrangements, captive power setups, and coal supply arrangements. The collaboration reflects inter-CPSE cooperation aimed at optimizing national resources, strengthening energy security, and supporting India's industrial growth and sustainability objectives.
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NLC India Limited, a Navratna Central Public Sector Enterprise under the Ministry of Coal, has signed a strategic Memorandum of Understanding with National Aluminium Company (NALCO) to strengthen collaboration in thermal and renewable energy projects. The partnership was formalized on 14 February 2026 in Mahabalipuram, marking a significant step in inter-CPSE collaboration for energy security.
MoU Signing Details
The agreement was signed in the presence of senior leadership from both organizations. From NLCIL, the ceremony was attended by CMD Shri Prasanna Kumar Motupalli, along with directors Shri Samir Swarup (Human Resources), Dr. Prasanna Kumar Acharya (Finance), and Shri Rajesh Pratap Singh Sisodia (Planning & Projects). NALCO was represented by Shri Jagdish Arora, Director (Projects & Technical).
| Signatory Details: | Representative |
|---|---|
| NLCIL Signatory: | Shri Murugan A, GM/Commercial |
| NALCO Signatory: | Shri Nagarajan Ravi, EPO-ED(BD) |
| NLCIL CMD: | Shri Prasanna Kumar Motupalli |
| NALCO Director: | Shri Jagdish Arora (Projects & Technical) |
Project Framework and Scope
The MoU establishes a structured framework for cooperation in a proposed 1200 MW thermal captive power project and renewable energy development. The collaboration is designed to meet NALCO's captive and long-term power requirements through reliable, cost-effective, and sustainable energy solutions.
Key aspects of the partnership include:
- Development of thermal captive power projects
- Renewable energy project development
- Long-term power supply arrangements
- Captive and group captive power arrangements
- Long-term coal supply arrangements for energy and fuel security
Strategic Collaboration Benefits
The partnership enables both companies to explore comprehensive energy solutions that ensure security for identified projects. The MoU further envisages joint project development opportunities, including the potential formation of a Joint Venture Company to execute these initiatives effectively.
| Collaboration Areas: | Details |
|---|---|
| Thermal Power Capacity: | 1200 MW Captive Power Project |
| Energy Focus: | Thermal and Renewable Energy |
| Supply Arrangements: | Long-term Coal Supply |
| Partnership Structure: | Possible Joint Venture Company |
National Impact and Objectives
This partnership reflects the spirit of inter-CPSE collaboration, aimed at optimizing national resources and strengthening energy security. The initiative supports India's industrial growth and sustainability objectives while furthering NLCIL's capacity-building efforts. Both organizations, being Navratna CPSEs, bring significant expertise and resources to ensure the success of these energy projects.
The collaboration between the Ministry of Coal's NLCIL and the Ministry of Mines' NALCO demonstrates the government's commitment to leveraging synergies between public sector enterprises for national energy security and sustainable development goals.
Historical Stock Returns for NLC India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.13% | -0.17% | +1.33% | +7.94% | +28.06% | +402.52% |
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