NLC India Limited has signed a Memorandum of Understanding (MoU) with National Aluminium Company Limited to collaborate on developing thermal and renewable energy projects. The agreement marks a significant step toward strengthening cooperation between two major central public sector enterprises to meet long-term power requirements in a reliable and sustainable manner.
Under the MoU, both companies will work together on a proposed 1200 MW thermal captive power project. The project is aimed at supporting NALCO’s growing power demand for its operations. Alongside thermal power development, the partnership will also explore renewable energy projects as part of a balanced and future-ready energy strategy.
The MoU was signed in the presence of senior leadership from both organizations. From NLCIL, the signing ceremony was attended by CMD Shri Prasanna Kumar Motupalli, Director (Human Resources) Shri Samir Swarup, Director (Finance) Dr. Prasanna Kumar Acharya, and Director (Planning & Projects) Shri Rajesh Pratap Singh Sisodia. From NALCO, Director (Projects & Technical) Shri Jagdish Arora was present. The agreement was formally signed by Shri Murugan A., GM (Commercial), on behalf of NLCIL and Shri Nagarajan Ravi, EPO-ED (Business Development), representing NALCO.
The collaboration focuses on ensuring energy security and fuel stability for the identified projects. Both companies will explore long-term power tie-ups, including captive and group captive arrangements. They will also assess the possibility of entering into long-term coal supply agreements to ensure steady fuel availability for the proposed thermal power project.
In addition, the MoU allows for joint project development and includes the option of forming a Joint Venture Company if required to execute specific initiatives. This approach is expected to provide operational flexibility and strengthen project implementation.
The partnership reflects a broader push for collaboration among central public sector enterprises to optimize national resources. By combining thermal and renewable energy development, the two Navratna companies aim to support industrial growth while aligning with sustainability goals. The initiative also highlights the increasing focus on securing reliable and cost-effective power solutions for large industrial operations in India.
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