NLC India and NALCO to Build 1,080 MW Captive Power Plant in Equal Joint Venture
NLC India and NALCO have agreed to set up a 1,080 MW captive power plant through a 50:50 joint venture, with NLC India's board formally approving the arrangement, as reported by CNBC TV18 and scanx.trade on 29 September 2026. No project location, investment figure or timeline has been disclosed in available reports.
| Detail | Information |
|---|---|
| Project type | Captive Power Plant |
| Capacity | 1,080 MW |
| Promoters | NLC India, NALCO |
| JV structure | 50:50 |
| Location | Not disclosed |
| Project value | Not disclosed |
| Stage | Board approval received (NLC India) |
Board Approval Confirmed for the Venture
scanx.trade specifically reported that NLC India's board has approved the joint venture arrangement with NALCO. The two companies, both public sector undertakings operating in the energy and minerals space, will hold equal stakes in the proposed entity. No details regarding the plant's fuel source, technology type or intended offtake arrangement were available in the published reports.
Captive Power Sector: Scale and Pipeline Across India
Projects India tracks 2,436 captive power projects across the country, with 20 added to the database in the last 90 days. The sub-sector carries a substantial pipeline at various stages of development, reflecting sustained demand for dedicated industrial power capacity.
Of the tracked projects, 1,045 are currently under approvals — the largest single category — followed by 490 completed projects, 283 on hold, 278 where construction has started, and 155 that have received approvals and are awaiting the next stage. A further 82 projects have been cancelled. The high proportion of projects at the approvals stage indicates a pipeline that suppliers and contractors can engage with well ahead of construction mobilisation.
Geographically, Maharashtra leads with 405 tracked captive power projects, followed by Karnataka at 301 and Chhattisgarh at 300. Uttar Pradesh accounts for 200 projects, Andhra Pradesh for 153 and Odisha for 144. These six states together represent the core of active captive power development activity in India and are the primary geographies where equipment suppliers, civil contractors and EPC firms are likely to find the greatest near-term opportunity.
Recent Captive Power Projects Tracked by Projects India
Among recently tracked projects in the sub-sector, Shakambhari Ispat and Power Limited is pursuing a new Rs 5,000 crore captive power plant in Bihar at the planning stage, while Star Cement North East Limited has two projects under approvals — one in Jaisalmer, Rajasthan valued at Rs 3,000 crore and another in Beawar, Rajasthan at Rs 3,650 crore. Shri Bajrang Power Private Limited has commenced construction on an expansion at Borjhara, Raipur in Chhattisgarh, and Trident Limited is seeking approvals for a Rs 440 crore expansion at Mansa in Punjab's Barnala district. The full pipeline is available via all tracked projects on the platform.
What this means for suppliers and contractors
A 1,080 MW captive power project is a sizeable undertaking, and the involvement of two public sector undertakings in a formally board-approved joint venture structure means procurement processes, once initiated, are likely to follow defined tendering procedures. Suppliers of boilers, turbines, transformers, electrical switchgear and associated balance-of-plant equipment, as well as civil and structural contractors, should monitor this project as it progresses through the approvals and tendering stages.
More broadly, the captive power sub-sector's overall pipeline — with over a thousand projects currently under approvals and a further 278 where construction has already started — represents a sustained flow of procurement activity. Firms targeting public sector or heavy-industry clients should note the concentration of projects in Maharashtra, Karnataka and Chhattisgarh, where the density of active projects is highest. The broader power projects sector overview provides additional context on active development across related sub-sectors.
There are currently no open India tenders recorded in the Power Projects sector on Projects India. Interested parties can monitor live tenders on the platform for updates as this and related projects advance.
Frequently asked questions
What is the NLC India and NALCO joint venture for?
NLC India and NALCO have agreed to form a 50:50 joint venture to set up a 1,080 MW captive power plant. NLC India's board has approved the arrangement. No project location, cost estimate or construction timeline has been disclosed in available reports.
How large is the captive power project pipeline in India?
Projects India tracks 2,436 captive power projects across India. Of these, 1,045 are under approvals, 278 have started construction, and 155 have received approvals. Maharashtra, Karnataka and Chhattisgarh have the highest concentrations of tracked projects.
Which states have the most captive power projects in India?
Based on Projects India's tracked data, Maharashtra leads with 405 captive power projects, followed by Karnataka with 301 and Chhattisgarh with 300. Uttar Pradesh has 200, Andhra Pradesh 153 and Odisha 144 tracked projects.
