NLC India Share Price in Focus; Signs MoU with NALCO for 1,200 MW Thermal and Renewable Energy Projects

NLC India Limited, a Navratna Government of India enterprise under the Ministry of Coal, announced on February 14, 2026, that it has signed a Memorandum of Understanding with National Aluminium Company Limited to collaborate on thermal and renewable energy projects. 

NLC India and NALCO Sign MoU for 1,200 MW Thermal and Renewable Energy Collaboration 

The MoU was signed in Mahabalipuram to establish a structured framework for cooperation in developing a proposed 1,200 MW thermal captive power project along with renewable energy initiatives. The collaboration aims to meet NALCO’s captive and long-term power requirements. 

The agreement also provides for exploring long term power tie ups, including captive and group captive arrangements, as well as long term coal supply arrangements to support identified projects. 

Scope of Collaboration and Project Structure 

The MoU enables joint project development between the 2 public sector enterprises. It also includes the possibility of forming a joint venture company for executing identified projects. 

The partnership focuses on ensuring reliable and cost-effective energy supply while supporting industrial operations. Both companies are Navratna Central Public Sector Enterprises operating under different ministries of the Government of India. 

Event and Representation 

The MoU was signed in the presence of senior officials from both organisations, including the Chairman and Managing Director and Directors from NLC India and NALCO.  

Representatives from commercial and business development divisions formalised the agreement on behalf of their respective entities. 

NLC India Share Price Performance  

As of February 16, 2026, at 9:16 AM, NLC India share price on NSE was trading at ₹254.70 down by 1.77% from the previous closing price.  

Read More: Tata Motors and Stellantis Sign New MoU as JV Completes 20 Years! 

Conclusion 

The MoU between NLC India and NALCO outlines cooperation for a proposed 1,200 MW thermal project and renewable energy development. The agreement provides a framework for joint development, long term power arrangements, and potential formation of a joint venture company. 

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