NLCIL inks MoU with IPICOL for 3200 MW power plant, coal gasification, and mineral processing in Odisha
NLC India Limited signed an MoU with IPICOL for a 3200 MW thermal power plant (₹35,000 crore investment) and a Beach Sand mineral processing facility (₹2000 crore investment) in Odisha. The agreement also covers coal gasification exploration for fertilizer production.
The projects involve substantial investments (₹35,000 crore for power plant, ₹2000 crore for mineral processing) and are expected to create thousands of jobs, indicating a high impact on the company's growth and the region's economy.
The announcement details significant investments and strategic partnerships for large-scale projects in Odisha, which are expected to boost industrial development and create employment opportunities.
NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) on 22.10.2026 in Mumbai. The agreement focuses on three key areas for development in Odisha.
Firstly, NLCIL will explore the establishment of a coal gasification project, investigating the technical feasibility of producing synthesis gas (Syn-Gas) for potential applications in the fertilizer sector. This initiative aligns with the Government of India's vision of Atmanirbhar Bharat.
Secondly, the MoU outlines the development of a Beach Sand mineral processing facility, with a tentative investment of ₹2000 crore. This project is expected to create approximately 500 employment opportunities and contribute significantly to the region's industrial development and socio-economic growth.
Thirdly, NLCIL plans to develop a 3200 MW (4x800 MW) Ultra Super Critical coal-based thermal power plant in Odisha, involving a substantial investment of ₹35,000 crore. This project is anticipated to generate employment for around 4,000 people, thereby bolstering the State's economic growth and industrial development.
The MoUs were signed in the presence of Shri. Mohan Charan Majhi, Hon'ble Chief Minister of Odisha, Shri. Hemant Sharma IAS, Additional Chief Secretary, Industries Department, Energy, Govt. of Odisha, and Dr. Prasanna Kumar Acharya, Chairman-cum-Managing Director (CMD), NLCIL. This partnership underscores the commitment of NLCIL and IPICOL to foster industrial and infrastructure development in Odisha, strengthen its power infrastructure, and support its long-term development objectives.
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