NLCIL signs MoUs with IPICOL for major projects in Odisha UPDATED

NLC India Limited (NLCIL) signed strategic MoUs with the Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) in Mumbai on October 22, 2026. The agreements aim to promote industrial growth, strengthen power infrastructure and support socio-economic development in Odisha.

The MoUs cover three major initiatives. The first is a proposed 3,200 MW ultra-supercritical thermal power plant, comprising four units of 800 MW each, with an estimated investment of ₹35,000 crore. The project is expected to create around 4,000 jobs and improve the state’s energy security.

The second initiative is a beach sand mineral processing facility, involving a tentative investment of ₹2,000 crore and expected to generate 500 jobs.

Under the third initiative, NLCIL will assess the technical feasibility of converting coal into synthesis gas (syngas) for use in fertiliser production.

The MoUs were signed by I.S. Jasper Rose, Executive Director (Mines & Land), NLCIL, and Aboli Sunil Naravane, IAS, Managing Director, IPICOL. The event was attended by Odisha Chief Minister Mohan Charan Majhi, Hemant Sharma, IAS, Additional Chief Secretary (Industries & Energy), and Dr Prasanna Kumar Acharya, CMD, NLCIL.

The initiatives aim to create employment, attract investment and accelerate Odisha’s industrial development in line with the vision of Atmanirbhar Bharat.