NLC India Share Price in Focus as Company Forms 1,080 MW Power JV With NALCO

NLC India’s board has approved a joint venture with National Aluminium Company Limited (NALCO) for a 1,080 MW thermal captive power plant, as per the exchange filing. The plant will be developed in phases to meet NALCO’s power requirements.  

The proposed joint venture will be called NLC NALCO Power Limited, subject to approval of the name. NLC India and NALCO will each own 50% of the company.  

1,080 MW Plant to Be Built in Phases 

The planned plant will have four units of 270 MW each, taking the total capacity to 1,080 MW. 

The main purpose of the project is to provide captive power for NALCO. The proposed joint venture will operate in the thermal power generation business.  

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NLC India and NALCO to Invest Equally 

Both companies will put money into the joint venture by subscribing to its equity shares. The shares will be issued at a face value of ₹10 each. 

NLC India will own 50% of the proposed company, with the remaining 50% held by NALCO.   

Approval Received for the Joint Venture 

The Ministry of Coal said in a letter dated September 8, 2026, that DIPAM had approved the formation of the joint venture between NLC India and NALCO. The project is still subject to the required statutory and administrative approvals.   

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NLC India Share Price Performance  

As of 30 September 2026, at 12:37 PM, NLC India Ltd share price is trading at ₹257.70 per share, reflecting a surge of 0.76% from the previous trading session. 

Conclusion 

NLC India and NALCO are planning a 50:50 joint venture to develop a 1,080 MW thermal captive power plant in four 270 MW units. The plant will be built in phases to meet NALCO’s captive power needs, with both companies investing through equity in the proposed joint venture. 

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Investments in the securities market are subject to market risks, read all the related documents carefully before investing. 

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