NLCIL, NALCO sign thermal and renewable energy development deal

Core Viewpoint - NLC India (NLCIL) and the National Aluminium Company (NALCO) have entered into a memorandum of understanding to collaborate on thermal and renewable energy projects totaling 1.2GW, aiming to meet NALCO's long-term power needs through structured supply arrangements [1][3]. Group 1: Agreement Details - The agreement includes plans for a thermal captive power plant and renewable energy initiatives [1]. - Both companies will explore various power procurement models, including captive and group captive tie-ups, and long-term coal supply agreements to support energy needs for identified projects [3]. - The framework allows for joint project execution and the potential establishment of a joint venture (JV) company for these initiatives [3]. Group 2: Strategic Context - This collaboration is part of a broader strategy among Central Public Sector Enterprises to manage national resources, ensuring stable energy supply and supporting ongoing industrial operations [4]. - In December 2025, NLC India Renewables, a subsidiary of NLCIL, signed a JV agreement with PTC India to collaborate on renewable energy projects, which aligns with the current agreement [4][5]. Group 3: Key Executives Involved - The signing ceremony was attended by key executives from both organizations, including NLCIL chairman Prasanna Kumar Motupalli and NALCO director Jagdish Arora, among others [2].