Mahabalipuram: NLC India Limited (NLCIL), a Navratna Central Public Sector Enterprise under the Ministry of Coal, has signed a Memorandum of Understanding (MOU) with National Aluminium Company (NALCO), a Navratna CPSE under the Ministry of Mines, to strengthen collaboration in the development of thermal and renewable energy projects.
The MoU was signed in the presence of the NLCIL’s CMD Prasanna Kumar Motupalli, Samir Swarup Director (Human Resources), Dr Prasanna Kumar Acharya (Director Finance), Rajesh Pratap Singh Sisodia (Director Planning & Projects) and Jagdish Arora, Director (Projects & Technical) (NALCO).
Murugan.A, GM/Commercial signed the MOU from NLCIL side & Nagarajan Ravi, EPO-ED(BD) NALCO signed the MOU on behalf of NALCO. Senior Officials from NLCIL and NALCO also attended the event.
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 captive 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 NLCIL’s capacity-building efforts.
