NLC India (NLCIL) and the National Aluminium Company (NALCO) have signed an agreement to jointly pursue thermal and renewable energy projects totalling 1.2GW.

The two state-run enterprises signed a memorandum of understanding outlining plans to develop a thermal captive power plant as well as renewable energy initiatives.

The collaboration aims to address NALCO’s long-term power requirements through structured power supply arrangements.

The following executives from both organisations attended the signing ceremony: NLCIL chairman and managing director Prasanna Kumar Motupalli; director (Human Resources) Samir Swarup; director (Finance) Prasanna Kumar Acharya; director (Planning & Projects) Rajesh Pratap Singh Sisodia; and NALCO director (Projects & Technical) Jagdish Arora.

Murugan A, general manager (Commercial), represented NLCIL in signing the agreement, while Nagarajan Ravi EPO-ED (Business Development), signed on behalf of NALCO.

The terms of the agreement allow both companies to explore various power procurement models including captive and group captive tie-ups, along with long-term coal supply agreements to support energy needs for identified projects.

The framework also permits joint project execution and the possibility of establishing a joint venture (JV) company for these undertakings.

NLCIL and NALCO operate under India’s Ministry of Coal and Ministry of Mines, respectively.

This cooperation is part of a broader strategy among Central Public Sector Enterprises to manage national resources while working towards stable energy supply and supporting ongoing industrial operations.

In December 2025, NLC India Renewables, a subsidiary of NLCIL, and PTC India signed a JV agreement in Neyveli, Tamil Nadu, to collaborate on renewable energy projects.

The agreement involved plans to establish, operate and maintain up to 2GW of renewable energy capacity in multiple phases, with approximately 500MW planned for the initial stage.