Nilakantheswar Mahavidyalaya is a government-run co-educational college in South Balanda, Angul, Odisha, India. It was established in 1992 and is affiliated to Utkal University. The college offers undergraduate courses in Arts, Science, and Commerce streams.

The college has a well-equipped library, laboratories, and a playground. It also has a hostel for students. The college has a good placement record and its students have been placed in various companies and organizations.

The college has a vibrant campus life and organizes various cultural and sports events throughout the year. The college also has a number of student societies and clubs.