NLC India Ltd, a Navratna Central Public Sector Enterprise, has signed a MoU with another Navratna CPSE National Aluminium Company to strengthen collaboration in the development of thermal and renewable energy projects.
The Mou provides a structured framework for cooperation in the proposed 1200 MW for Thermal Captive Power Project and renewable energy development, aimed at meeting NALCO’s captlve and long-term power requirements in a reliable, cost effective, and sustainable manner.
The collaboration also enables exploration of long-term power tie-ups, including captive and group captive arrangements, as well as long-term coal supply arrangements, ensuring energy and fuel security for identified projects.
The MoU further envisages joint project development, including the possible formation of a Joint Venture Company.
This partnership reflects the spirit of inter-CPSE collaboration aimed at optimising national resources, strengthening energy security, and supporting India’s industrial growth and sustainability objectives and furthering NLClL’s capacity-building efforts.
The MoU was signed in the presence of Prasanna Kumar Motupalli, CMD, NLCIL, Samir Swarup, Director (Human Resources), Prasanna Kumar Acharya, Director (Finance), Rajesh Pratap Singh Sisodia, Director (Planning & Projects), and Jagdish Arora, Director (Projects & Technical), NALCO.
The agreement was formally signed by A. Murugan, GM (Commercial), on behalf of NLCIL and Nagarajan Ravi, EPO-ED (Business Development), representing NALCO.