VERIFIEDET Stocks·9 Jul 2026neutral

NALCO shares in focus on JV with NLC India for 1,080 MW thermal plant in Odisha

AI Summary

·NALCO and NLC India have signed a joint venture agreement to establish a 1,080 MW captive thermal power plant in Odisha.
·The power plant will supply electricity for NALCO's aluminium smelter expansion project.
·Both government-owned companies will hold equal stakes in the joint venture.