Prasanna Kumar Acharya, Chairman and Managing Director of NLCIL and representatives of IPICOL exchanging the Memorandum of Understanding in the presence of Odisha Chief Minister Mohan Charan Majhi.
| Photo Credit: SPECIAL ARRANGEMENT

NLC India Limited (NLCIL) has signed a memorandum of understanding with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) for establishment of a 3200MW (4×800 MW) ultra super critical coal-based thermal power plant in the State.

The project involves a potential investment of ₹35,000 crore and is expected to generate employment opportunities for approximately 4,000 persons, contributing to the State’s economic growth and industrial development.

According to a press note, the company also signed MoUs for coal gasification project in Odisha and exploring opportunities for establishing linkages between coal gasification and fertilizer production.

NLCIL will explore the technical feasibility of coal gasification and the production of synthesis gas (Syn-gas) for potential applications in the fertilizer sector. Another MoU envisages the establishment of a Beach sand mineral processing facility with a tenative investment of ₹2,000 crore. The project is expected to generate employment for 500 persons.

The MoUs were signed by I.S. Jasper Rose, Executive Director (Mines and Land), NLCIL and Aboli Sunil Naravane, Managing Director, IPICOL, in the presence of Mohan Charan Majhi, Chief Minister of Odisha and Prasanna Kumar Acharya, Chairman and Managing Director of NLCIL.

The proposed initiatives seek to strengthen Odisha’s power infrastructure, promote mineral-based industries and explore opportunities for integrating the coal and fertilizer sectors.

Published – October 23, 2026 08:50 pm IST