NTPC Ltd.

The Exchange had sought clarification from NTPC with respect to news appearing in The Economic Times on May 4, 2015 titled ‘NTPC to Build 6,400mw Power Plant in JKhand, Jharkhand to Get Indias Biggest Power Plant.’ NTPC replied stating that they wish to inform that NTPC has signed Memorandum of Agreement (MoA) on May 03, 2015 with Government of Jharkhand, Jharkhand Urja Vikas Nigam Limited (JUVNL), Jharkhand Urja Utpadan Nigam Limited (JUUNL) and Jharkhand Bijli Vitran Nigam Limited (JBVNL) for performance improvement and capacity expansion of Patratu Thermal Power Station (PTPS). A Joint Venture Company to be promoted by NTPC and JBVNL with 74:26 equity participation will be formed to take over PTPS. The JV Company will build 2400 MW (800x3) in first phase followed by second phase of 1600 MW (800x2). The JV Company shall takeover specified assets including land of PTPS on mutually agreed valuation.

The above information is a part of company’s filings submitted to BSE.