Announcement

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we wish to inform that, the Board of Directors of the Company in their meeting held on 30th March, 2024 approved the reappointment of M/s Amit Agrawal & Associates, Practicing Company Secretaries as Secretarial Auditor of the Company for the Financial Year 2023-24.

Details as required under regulation 30 of listing regulations read with SEBI circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 are enclosed as “Annexure A” herewith.

The Board meeting commenced at 10:30 a.m. and concluded at 3:25 p.m. Annexure-A

In line with Corporate Disclosure requirements, we wish to inform that, NTPC has decided to issue unsecured non-convertible debentures of Rs.1,500 crore on 21.03.2024, through private placement at a coupon of 7.48% p.a. for a tenor of 2 years, maturing on 21.03.2026. 

The proceeds will be utilized for, inter alia, funding of capital expenditure, refinancing of existing loans and other general corporate purposes. 

The debentures are proposed to be listed on BSE. 

Debenture Trust Deed will be duly executed as per the requirements of and within the period of time prescribed under the Companies Act and rules specified therein.

These debentures are being issued under the recommendation of board resolution dated 24.06.2023 and subsequent approval obtained through shareholders’ resolution dated 30.08.2023. 

This is the first issue of debentures under the above mentioned approval.

Unit#2 (660 MW) of North Karanpura Super Thermal Power Project (3x660 MW) is declared on Commercial Operation w.e.f. 00:00 Hrs. of 20.03.2024.

With this, standalone and group commercial capacity of NTPC will become 59298 MW and 75418 MW respectively.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received orders from the Addl Commissioner, Central Tax, GST & Central Excise, Rourkela for collection of Service Tax, Interest and penalty for Orissa state. The corporation shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A;
 

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details of senior officials of NTPC Limited who have superannuated from the post of Executive Director (ED) (i.e., Senior Management Personnel - One level below the Board of Directors) w.e.f. 29.2.2024 are submitted as Annexure-I. 
                                                                                                                                                     

                                                                                                                                 Annexure-I

In line with the Corporate Disclosure requirements, we wish to inform that based on achievement of approved norms and due approvals, Unit-2 of 660 MW capacity of North Karanpura Super Thermal Power Project, (3 x 660 MW) has successfully completed trial operation and consequently included in the installed capacity of NTPC Limited.

With this, the total installed capacity of NTPC on standalone and group basis has become 59298 MW and 75418 MW respectively.

Unit#2 (800 MW) of Telangana STPP, Stage-I (2x800 MW) is declared on Commercial Operation w.e.f. 00:00 Hrs. of 01.03.2024.

With this, standalone and group installed and commercial capacity of NTPC will become 58638 MW and 74758 MW respectively

Pursuant to Reg. 30 of SEBI (LODR) Regulations, 2015, we would like to inform that the Company has received notices from BSE Ltd. (BSE) and National Stock Exchange of India Limited (NSE) regarding non-compliance with the provision of Regulation 17(1) of the SEBI (LODR) Regulations, 2015 for not having a requisite number of Independent Directors on the Board of the Company during the quarter ended 31 December 2023 and imposition of fine of Rs.5,42,800/- each by BSE & NSE for such non- compliance.

In response to the notices, NTPC Limited (NTPC) vide letter dt. 26.02.2024 has represented to the BSE & NSE that being a Government Company, the power to appoint or remove the Directors on the Board is vested with the President of India. NTPC has been taking up the matter of appointment of requisite number of Independent Directors with the administrative ministry (i.e., Ministry of Power, Government of India) from time to time to comply with said regulations.

Accordingly, NTPC has requested to waive off the penalty. NTPC regularly takes up with administrative ministry for appointment of requisite number of Independent Directors (including Woman Independent Director) to ensure compliance with Corporate Governance norms enunciated under SEBI (LODR) Regulations, 2015.

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that:

In pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/2/2023-Th-1 dated 25th February 2024, conveyed approval of the Competent Authority for appointment of Shri Ravindra Kumar, Executive Director, NTPC to the post of Director (Operations), NTPC Limited w.e.f. the date of his assumption of charge of the post i.e. 26th February 2024  till the date of his superannuation i.e., 31.10.2027 or until further orders, whichever is earlier.

Shri Ravindra Kumar (DIN: 10523088) has taken charge as Director (Operations), NTPC on 26th February 2024.

Shri Ravindra Kumar completed B.Sc. (Engineering) in Mechanical engineering from BIT Sindri in 1988. Prior to joining as Director (Operations), NTPC Limited, he was OSD (Officer on Special Duty) to Director (Operations), NTPC Limited. He joined NTPC Limited as Graduate Engineer Trainee officer in 1989 and has more than 34 years of diverse and versatile experience in Commissioning, O&M, Engineering and Project management.

Shri Ravindra Kumar has worked in various capacities in O&M function at NTPC Limited, Kahalgaon Project. He has exposure of working at Corporate Centre in Engineering department and as a technical support to Director (Technical). He was actively involved in development of 1st Maitree supercritical power project of Bangladesh India Friendship Power Company Ltd (BIFPCL), Bangladesh. During his tenure as Chief Technical Officer (CTO), he spearheaded all Engineering, erection, commissioning, and O&M activities of 660 MW 1st Unit of BIFPCL. As Chief Executive Officer (CEO), Patratu Vidyut Utpadan Nigam Limited, he expedited various construction and erection activities. He is a professional with Corporate and Site experience, people-centric approach, knowledge, and experience of the entire power sector.

Shri Ravindra Kumar holds 5,266 Equity shares of NTPC Limited, and he is not inter-se related with other directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

Consequent upon successful commissioning and due approvals, first part capacity of 70 MW out of 150 MW Chhattargarh Solar PV Project in Bikaner, Rajasthan of NTPC REL, a stepdown subsidiary of NTPC Limited through its wholly owned subsidiary NTPC Green Energy Limited, is declared on Commercial Operation w.e.f. 21.02.2024.

With this, installed and commercial capacity of NTPC Group has become 73958 MW.

Consequent upon successful commissioning and due approvals, first part capacity of 14 MW out of 40 MW Ayodhya Solar PV Project (Uttar Pradesh) of NTPC Green Energy Limited (a wholly-owned subsidiary of NTPC Limited), is declared on Commercial Operation w.e.f. 27.01.2024.

With this, group installed and commercial capacity of NTPC has become 73888 MW.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has received orders from the Addl. Commissioner, GST Delhi (East), I. P. Estate, New Delhi for collection of Service Tax, Interest and penalty for Delhi state. The Company shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A;

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details of senior officials of NTPC Limited who have superannuated from the post of Executive Director (ED) (i.e., Senior Management Personnel - One level below the Board of Directors) w.e.f. 31.1.2024 are submitted as Annexure-I.

Annexure-I

In line with the corporate disclosure requirement, we wish to inform that :

Pursuant to Order No. 8/2/2023-Th.I dated 31st January, 2024 of Ministry of Power, consequent upon retirement of Shri Ramesh Babu V. (DIN: 08736805), Director (Operations), NTPC Ltd., on attaining the age of superannuation on 31.01.2024, the Competent Authority has decided that  Shri K. Shanmugha Sundaram (DIN: 10347322), Director (Projects), NTPC Ltd. will hold the additional charge to the post of Director (Operations), NTPC Ltd. for a period of three (3) months i.e. w.e.f. 01.02.2024 or till the regular incumbent joins to the post of Director (Operations), NTPC Ltd. or until further orders, wherever is earlier.

In line with the Corporate Disclosure requirements, we wish to inform that:

On attaining the age of superannuation, Shri Ramesh Babu V. (DIN: 08736805) has ceased to be Director (Operations) of NTPC Limited on 31.1.2024 (A/N).

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that:

The Board of Directors has appointed Ms. Ritu Arora (FCS No. 5270), General Manager as Company Secretary & Compliance Officer of NTPC Limited with immediate effect in place of Shri Arun Kumar. The terms & conditions of appointment including remuneration of Ms. Ritu Arora shall be as per the existing policy of the Company.

Ms. Ritu Arora (aged 47 years) is graduated in Commerce with Fellow Membership of the Institute of Company Secretaries of India (ICSI). She also possesses a bachelor’s degree in law.  

She has working experience of more than 27 years including 22 years as Company Secretary in public sector and private sector companies of diversified fields such as Railways & Road Infrastructure, Manufacturing, Trading, Telecommunication and Logistics. Her gamut of experience includes Company Secretarial Operations with Corporate Governance, Legal Affairs, Human Resource and Finance & Audit. She has handled various corporate actions / functions viz. IPO, bonus, preferential issues & private placement, mergers, acquisitions & restructuring, internal audit, risk management etc. She has also acted as director in various subsidiary companies of previous organizations.

As Company Secretary, Ms. Ritu Arora shall be responsible, including but not limited to, for functions of Company Secretary & Compliance Officer as per the Companies Act, 2013, SEBI (LODR) Regulations, 2015, other Regulations and Rules, amendment(s) thereto and any other responsibility assigned to her by the Management from time to time.

NTPC Ltd. will hold a conference call for analysts and investors at 02:00 PM India time on January 30, 2024, wherein the Senior Management team of NTPC comprising of Mr. Jaikumar Srinivasan, Director (Finance), Mr. Dillip Kumar Patel, Director (Human Resources), Mr. Ramesh Babu V., Director (Operations),    Mr. Shivam Srivastava, Director (Fuel) and Mr. K. Shanmugha Sundaram, Director (Projects) will discuss the Company’s results for the 3rd quarter of financial year 2023-24 and answer questions from the participants.

To participate in the conference call, please dial the numbers provided below five to ten minutes ahead of the scheduled start time. The operator will provide instructions for asking questions before the call.

Universal Dial-in Numbers
+91 22 6280 1259 / +91 22 7115 8160

International Toll-Free
USA    1866 746 2133 | UK    0808 101 1573 |
Singapore    800 101 2045    | Hong Kong    800 964 448

Or click below for the Express Diamond Pass link:

Diamond Pass Registration (choruscall.in)

Recording and transcript of the conference call will be available on the Company’s website post the conference call.

For further information, please contact:
Mr. Harsh Dole | Tel: +91 22 46464660 | Email: harsh.dole@iiflcap.com
Mr. Ishan Minda | Tel: +91 22 46464642 | Email: ishan.minda@iiflcap.com
IIFL Securities

Regards

Aditya Dar
Executive Director (Finance) 
Investor Services Department 
Tel No. 011 2436 7072
Email: isd@ntpc.co.in 
 

In terms of Regulation 13 Sub-regulation (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the status of investors complaints/grievances for the quarter ending 31.12.2023, is as under:

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Company has received orders from the Commissioner, CGST & CX, Patna-II for collection of Service Tax, Interest and penalty for Bihar state. The Company shall file an appeal before the Tribunal of the applicable jurisdiction against the said orders within the prescribed timeline.

There is no material impact on the financials, operations or other activities of the Company due to the above mentioned order.

The detail as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A.

This is for your information and dissemination.

Pursuant to regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Corporation has received orders from the GST authorities for collection of GST, Interest and penalty for Delhi, UP, AP, Bihar, Chattisgarh, Maharastra and Gujarat states. The corporation shall file an appeal before the 1st appellate authority of the applicable jurisdiction against the said orders within the prescribed timelines.

There is no material impact on the financials, operations or other activities of the Corporation due to the above mentioned orders.

The details as required under regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended) are attached as Annexure-A;

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, details of senior officials of NTPC Limited who have been promoted as Executive Director (ED) (i.e., Senior Management Personnel - One level below the Board of Directors) w.e.f. 1.1.2024 are submitted as Annexure-I. Their brief profile and XBRL filing will be provided in due course.

Annexure-I

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that :
Consequent upon relieving from the post of Special Secretary & Financial Advisor, Ministry of Power, Shri Ashish Upadhyaya (DIN: 06855349) has ceased to be Government Nominee Director of NTPC Limited on 31.12.2023 (A/N).

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and in furtherance to our corporate disclosure dated 24th August 2023, we wish to inform that Competition Commission of India’s (CCI) order dated 22nd August 2023, imposing a penalty of INR 40,00,000/- (INR Forty Lakh only), was challenged by NTPC before the National Company Law Appellate Tribunal (NCLAT).

NCLAT has, inter-alia, passed an interim order of stay on 4.12.2023 against the impugned order of CCI, subject to a deposit of 25 percent of the penalty amount. The said amount has already been deposited by NTPC as part of the filing requirement of the statutory appeal as mandated under the Statute, before the Tribunal. The case is re- notified to 27.02.2024 for hearing. Copy of order dated 4.12.2023 is still awaited.

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that :

In pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/12/2022-Th.-1 dated 8th November 2023, conveyed approval of the Competent Authority for appointment of Shri K. Shanmugha Sundaram, Executive Director, NTPC to the post of Director (Projects), NTPC Limited w.e.f. the date of his assumption of charge of the post on or after 01.12.2023 or until further orders, whichever is earlier. 

Shri K. Shanmugha Sundaram (DIN: 10347322) has taken charge as Director (Projects), NTPC on 1st December, 2023. 

Shri K. Shanmugha Sundaram is a 1988 batch Electronics and Communication Engineering graduate from Govt. College of Technology, Coimbatore with PGDM from MDI Gurgaon in the area of Strategy & Finance. Prior to joining as Director (Projects), NTPC Limited, he was ED to CMD, NTPC Limited.

Shri K. Shanmugha Sundaram joined NTPC Limited as Graduate Engineer Trainee officer in 1988 and has more than 35 years of diverse and versatile experience in Project as well as Commissioning stages of 110, 210, 500, 660 and 800 MW fleets, greenfield as well as brownfield, across various states in India. He also has experience of operating and maintaining vast fleet of power stations.

Shri K. Shanmugha Sundaram was actively involved for the development of 1st supercritical power project of India at Sipat. He has worked in various capacities at NTPC Darlipali Project. He has exposure of working at Corporate Centre in Operation Services department wherein monitoring of Company’s functions is being carried out and strategic initiatives taken. During his tenure as Head of Project at NTPC Barauni (720 MW), a taken over Project from Bihar State Electricity Board, project commissioning was accomplished. As Head of Project at Talcher Kaniha (3000 MW), he was influential in improving the performance of the station which has ensured CII-ITC Sustainability award and also construction of FGD. He is a professional with Corporate and Site experience, people-oriented approach, knowledge and experience of the entire power sector and works towards speedy implementation of Projects. 

Shri K. Shanmugha Sundaram does not hold any share of NTPC and he is not inter-se related with other directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

This is for your information and record. 

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that :
On attaining the age of superannuation, Shri Ujjwal Kanti Bhattacharya has ceased to be Director (Projects) of NTPC Limited on 30.11.2023 (A/N).
This is for your information and record.

In furtherance to our corporate disclosure dated 7th October, 2023 intimating regarding appointment of Joint Statutory Auditors of the Company for the financial year 2023-24, brief profiles of the Joint Statutory Auditors as received from them are attached as Annexure-I.

This is for your information and record. 

Annexure-I

BRIEF PROFILE OF STATUTORY AUDITORS

1. M/s. Vinod Kumar & Associates, Chartered Accountants, New Delhi

M/s. Vinod Kumar & Associates (VKA) is a multi- disciplinary firm of Chartered Accountants, promoted by a group of highly qualified and experienced professionals in 1980 to offer a full range of services that include audit, tax, management Consultancy, corporate finance, and legal advisory services. Each step in its corporate existence has taken a step closer towards the fulfilment of its goal. After a modest beginning in 1980, VKA has established its various divisions to provide high quality resources and integrated services to Industrial and Business Houses in India and abroad.

Over these years VKA capabilities and performances have won the utmost trust and confidence of a richly varied and strong client base ranging through small & medium enterprises and big-league corporates and multinational Business Houses, both in India and abroad.

Today VKA has attained prominence as India's leading audit firms rendering highly specialized client specific solutions for the widest spectrum of activities including:

• Audit and Assurance Services
• Risk Management, Internal Audit, Forensic Audit
• Accounting, MIS and Internal Control Systems (Operating & Financial) •Income Tax, Goods & Services Tax (GST)
• Tax Compliances & Representations
• Assessments, Refunds & Reconciliation, Advance Rulings & Litigation
• Litigations before NCLT, ITAT, CESTAT, GSTAT, DRT and SAT
• Regulatory compliances, advisory, approvals and representation before authorities and regulators
• Corporate Structuring, Restructuring, Succession Planning
• Company Incorporations in India and Overseas, Exchange control and Corporate Law Advisory
• Transfer Pricing, International Tax Advisory of 100+ countries
• Valuations, Due Diligence, Mergers and Acquisition

VKA team members while sharing a common vision, belongs to diverse technical, business and legal backgrounds. We deploy specialized and multidisciplinary teams to serve assignments requiring specific skills. This enables us to work proactively and closely with clients and respond effectively and flexibly to their needs, which in today's fast changing business environment is quite crucial to a client's success.

The firm has a long experience of audit of banks including Central Statutory Auditors of Public Sector Banks and number of public sector and private sector large and mid-size companies of manufacturing sector and service sector for more than 40 years.

2. M/s. Goyal Parul & Co., Chartered Accountants, New Delhi

M/s. Goyal Parul and Co., Chartered Accountants was established in the year 2000 and is having an experience of more than 23 years. The firm has more than 25 partners and branch offices all over India. .

The firm has a rich and varied experience in the field of assurance like statutory audit, Internal audit, tax audit, revenue and expenditure audit etc. of PSUs CPSUs along with non-assurance fields such as Ind AS consultancy management consultancy and tax advisory.

The firm has experience of more than 12 years specifically in power sector companies which include generating companies, distribution companies and transmission companies.

The Firm is empanelled with RBI as Category-I Firm, with C&AG for Major Audits, with Indian Banking Association for ASM amongst others, RNI etc.

3. M/s. M.C. Bhandari & Co., Chartered Accountants, Hyderabad

M/s. M.C. Bhandari & Co., Chartered Accountants was founded in the year 1957 by Late M.C. Bhandari, former President of ICAI. At present, the firm is steered by 15 FCA partners and 14 Qualified CA Employees along with article clerks and para professionals.

The team is aided by qualified and seasoned resources comprising of MBAs, Company Secretaries, Cost Accountants, Lawyers, IT Professionals and Former Bankers. The firm also have access to various Industry and Subject Matter Experts.

The firm has 6 DISA professionals, 1 CISA professional, 5 professionals with Forensic Accounting & Fraud Detection certifications holder associated on full time basis.

The Firm renders professional services in the areas of Statutory Audit, Internal Audit, Forensic Audit, Due Diligences & Specialised Monitoring, Direct/Indirect Taxation and Regulatory Compliances etc.

The Firm has offices at Kolkata, Mumbai, New Delhi, Jaipur, Guwahati, Hyderabad, Kota & Cuttack. The firm is empanelled with C&AG for Major Audits, with RBI as Category I Firm and with IBA for Forensic Audits as well as Agency for Specialised Monitoring and various agencies like NABARD, SEBI, IRDA, NHAI etc. Clientele of the firm includes major Public Sector Entities, Banks and Private Sector Companies.

4. M/s. JKSS & Associates, Chartered Accountants, Jaipur

M/s. JKSS & Associates (Formerly known as J K Sarawgi & Company) - a Chartered Accountant Firm established in 1968, is grounded with the philosophy of professional ethos and technical expertise, built on acumen of over five decades by a team of highly competent professionals.

Originally set up in Kanpur, presently the Head office is at New Delhi and branch offices are present across all major metro cities of India such as Bengaluru, Chennai, Lucknow, Mumbai, Kolkata, Ahmedabad, Hyderabad, Kanpur, Chandigarh, Mandi, Jaipur, Faridabad, Bhopal, Guwahati, Ranchi and Bhuvneshwar. The firm also possesses international presence across 36 countries through Joint Ventures and Residents Associates.
 
With an endeavour to provide valuable solutions to clients, catering to their respective needs, we recognize that all businesses are inherently unique and hence instead of the ‘one-size-fits-all’ standardisation, we employ, recruit, train and retain the sharpest talent who bring quality work with most suited delivery.

The Firm is composed of 17 Partners carrying varied and rich experience in different core subject domains, being supported by specialized and highly dedicated team of more than 100 employees including subject experts, managers and Chartered Accountants. The firm is serving various CPSE’s, Government Authorities and Development Sectors and is working relentlessly using taxation, accounting, advisory and auditing expertise, knowledge and experience to deliver value and quality.

Realizing the demand of green energy and sustainability we have adopted a long-term sustainable approach to ensure the safeguarding of the environment We have made sustainability a part of our organizational philosophy, and encourage our team to adopt simple measures ensuring sustainable and environmentally friendly practices through adoption of innovative technology in addition to complying with environmental laws and regulations.

5. M/s. Agasti & Associates, Chartered Accountants, Bhubaneshwar

M/s. Agasti & Associates is a leading chartered accountancy firm established in the year 1963. The firm has its Head Office at BHUBANESWAR and 12 branches across the country. The 24 Partners of the firm possess qualification namely DISA, IFRS and FAFD etc.

The firm has also carried out the statutory audit of Company of Coal, Power, Aluminium & Mining sector. The Firm has also carried out the Central Statutory audit of  PSU Bank. Apart from these audits, the firm has rich experience in carrying out the audit of various public and private companies and concerns and concurrent audit and branch statutory audit of various banks.

The firm believes in establishing long term relationship with the clients by delivering best services through our Moto “By your side, at your service and in your best interest”.

6. M/s. S.N. Kapur & Associates, Chartered Accountants, Kanpur

M/s. S.N. Kapur & Associates, Chartered Accountants, established in 1980, having head office at Lucknow (Uttar Pradesh). The firm with almost 42 years of standing and providing services to reputed Indian companies in the fields of Accounting, Auditing, Assurance and Business Advisory, Management & Financial Consultancy Services, Corporate Laws, Direct  &  Indirect  Taxation  etc. It has Nineteen Partners. It is a professionally managed, service oriented and knowledge-based CA Firm. The firm has also carried out both Internal & Statutory audit of Companies in Power Sector & Construction sector. The Firm has also carried out the Central Statutory audit of 2 PSU Banks. Apart from these audit the firm has rich experience in carrying out the audit of various private companies and concerns and concurrent audit and branch statutory of various banks.

NTPC Ltd. will hold a conference call for analysts and investors at 6:00 PM India time on October 28, 2023, wherein the Senior Management team of NTPC comprising of Mr. Jaikumar Srinivasan, Director (Finance), Mr. Dillip Kumar Patel, Director (Human Resources), Mr. Ramesh Babu V., Director (Operations),    Mr. Ujjwal Kanti Bhattacharya, Director (Projects) and Mr. Shivam Srivastava, Director (Fuel) will discuss the Company’s results for the 2nd quarter of financial year 2023-24 and answer questions from the participants.

To participate in the conference call, please dial the numbers provided below five to ten minutes ahead of the scheduled start time. The operator will provide instructions for asking questions before the call.

Universal Dial-in Numbers
+91 22 6280 1222/ +91 22 7115 8123

International Toll-Free

Argentina: 0080014243444 | Australia: 1800053698 | Belgium: 0080014243444 |
Canada: 01180014243444 |China: 4008428405 | France: 0800914745 |
Germany: 0080014243444 | Hong Kong: 800964448 | Italy: 0080014243444 |
Japan: 00531161110 | Netherlands: 08000229808 | Poland: 008001124248
Singapore: 8001012045 | South Korea: 00180014243444 | Sweden: 0080014243444 |
Thailand: 00180014243444 | UK: 08081011573 | USA: 18667462133

Or Click below for the Express Diamond Pass link:

   Click here

 Recording and transcript of the conference call will be available on the Company’s website post the conference call.

 For any further enquiries regarding the conference call, the following may be contacted: 

 Mr. Rajesh Majumdar 
 Batlivala & Karani Securities India Pvt. Ltd.
 rajesh.majumdar@bksec.com 

Regards
Aditya Dar
Executive Director (Finance) 
Investor Services Department 
Tel No. 011 2436 7072
Email: isd@ntpc.co.in 
 

The Office of the Comptroller and Auditor General of India, vide their letter no. No./CA. V/COY/CENTRAL GOVERNMENT,NTPC(5)/2 dated 12th September, 2023, has appointed the following firms of Chartered Accountants as the Joint Statutory Auditors of the Company for the financial year 2023-24:- 

1. M/s. Vinod Kumar & Associates, Chartered Accountants, New Delhi
2. M/s. Goyal Parul & Co., Chartered Accountants, New Delhi
3. M/s. M.C. Bhandari & Co., Chartered Accountants, Hyderabad
4. M/s. JKSS & Associates, Chartered Accountants, Jaipur
5. M/s. Agasti & Associates, Chartered Accountants, Bhubaneshwar
6. M/s. S.N. Kapur & Associates, Chartered Accountants, Kanpur

The above firm(s) of Chartered Accountants shall also be the Joint Statutory Auditors for Consolidated Financial Statements for the financial year 2023-24 under section 139 read with Section 129(4) of the Companies Act, 2013. 

Brief profiles of the Joint Statutory Auditors will be shared in due course. 

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that vide letter dated 23rd August 2023, the Company has received an order dated 22nd August 2023 from Competition Commission of India (CCI) imposing a penalty of INR 40,00,000/- (INR Forty Lakh only).

Details desired under relevant provisions of Regulation 30 are given as under:

The Company is examining the aforesaid order and will take suitable actions in this regard.

Second unit of 660 MW capacity of Barh Super Thermal Power Station, Stage-I (3x660 MW) is declared on Commercial Operation w.e.f. 00:00 Hrs. of 01.08.2023.

With this, standalone and group commercial capacity of NTPC will become 57038 MW and 73024 MW respectively.

In line with the Corporate Disclosure requirements, we wish to inform that NTPC Limited will be hosting its 19th Annual Analysts and Investors Meet on 31 July 2023 in Mumbai, wherein Management of the Company will interact with Analysts and Investors.  

In terms of Regulation 13 Sub-regulation (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the status of investors complaints for the quarter ended 30.06.2023, is as under:

The Board of Directors of the Company have, in its meeting held on Saturday, 24th June, 2023, subject to approval of shareholders, approved issue of secured/ unsecured, redeemable, taxable/tax-free, cumulative/non-cumulative, non-convertible debentures (“Bonds/NCDs”) up to Rs.12,000 Crore in one or more tranches/series not exceeding 12 (twelve), through private placement in domestic market during the period commencing from the date of passing of special resolution till completion of one year thereof or the date of next Annual General Meeting in the financial year 2024-25, whichever is earlier.

Size, tenure, listing details (BSE and/or NSE), Coupon, Security (if applicable) and other details as applicable will be decided at the time of issue of each tranche/series.

Consequent upon successful commissioning, second part capacity of 10 MW of 20 MW Gandhar Solar PV Project at Gandhar, Gujarat, is declared on Commercial Operation w.e.f. 00:00 Hrs. of 07.06.2023.  

The first part capacity of 10 MW has already been declared on commercial operation w.e.f. 00:00 Hrs. of 23.08.2022.  

With this, standalone installed and commercial capacity of NTPC will become 56378 MW, while group installed and commercial capacity of NTPC will become 72364 MW..

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that NTPC Green Energy Limited, a wholly owned subsidiary of NTPC Limited has incorporated a new Company, in 50:50 joint venture with Indian Oil Corporation Limited, in the name of “INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED”. The incorporation date of joint venture company is 2 June 2023.  

INDIANOIL NTPC GREEN ENERGY PRIVATE LIMITED will develop Renewable Energy based power projects (viz. Solar PV, Wind, any other RE, Energy Storage or any combination of same), to supply 650 MW or more renewable power on round the clock basis, to cater to the requirement of Indian Oil Corporation Limited. 

Consequent upon successful commissioning, fifth and last part capacity of 50 MW of 300 MW Nokhra Solar PV Project of NTPC Green Energy Limited (A wholly owned Subsidiary of NTPC Limited) at Bikaner, Rajasthan, is declared on Commercial Operation w.e.f. 00:00 Hrs. of 03.06.2023.  

The first part capacity of 100 MW has already been declared on commercial operation w.e.f. 20.12.2022, second part capacity of 50 MW w.e.f. 30.12.2022, third part capacity of 50 MW w.e.f. 16.02.2023 and fourth part capacity of 50 MW w.e.f. 01.04.2023.  

With this, installed and commercial capacity of NTPC Green Energy Limited will become 2711 MW while group installed and commercial capacity of NTPC will become 72354 MW.

NTPC Ltd. will hold a conference call for analysts and investors at 6:00 PM India time on May 19, 2023, wherein Senior Management team of NTPC comprising of Mr. Jaikumar Srinivasan, Director (Finance), Mr. Dillip Kumar Patel, Director (Human Resources), Mr. Ramesh Babu V., Director (Operations), Mr. Ujjwal Kanti Bhattacharya, Director (Projects) and Mr. Shivam Srivastava, Director (Fuel) will discuss the Company’s results for the 4th quarter and financial year 2022-23 and answer  questions from the participants.

To participate in the conference call, please dial the numbers provided below five to ten minutes ahead of the scheduled start time. The operator will provide instructions for asking questions before the call.
 

Or click below for the Express Diamond Pass link:

Click here

A transcript of the conference call will be available on Company’s website post the conference call.
For any further enquiries regarding the conference call, the following may be contacted:

Mr. Sudhanshu Bansal | +91-9910693618 | sudhanshu.bansal@jmfl.com
Mr. Darshan Gangar | +91-9821162791 | darshan.gangar@jmfl.com
Ms. Lorraine Gomes | +91- 9821833479 | lorraine.gomes@jmfl.com
JM Financial Institutional Securities Limited

Regards
Aditya Dar
Executive Director (Finance)
Investor Services Department
Tel No. 011 2436 7072
Email: isd@ntpc.co.in  

In line with the Corporate Disclosure requirements, we wish to inform that based on achievement of approved norms and due approvals, Unit-1 of 660 MW of 1320 MW (2x660) Maitree Super Thermal Power Plant (MSTPP) at Rampal, Mongla, Bagerhat of Bangladesh-India Friendship Power Company (Pvt.) Limited (BIFPCL) (a Foreign JV Company of NTPC Limited)is included in the installed & commercial capacity of NTPC Group w.e.f. 23.12.2022.  

With this, the total installed and commercial capacity of NTPC group has become 72304 MW. 

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that NTPC Limited has signed a Supplementary Joint Venture Agreement  with Nuclear Power Corporation of India Limited on 1st May 2023. This Supplementary Joint Venture Agreement (SJVA)  will amend Joint Venture Agreement  (JVA) dated 27th April 2010 and form integral part of JVA dated 27th April 2010. The provisions of SJVA are subject to approval from Government of India. 

Details required to be disclosed as per the Securities and Exchange Board of India circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 are enclosed as Annexure-I.
 

Annex-I

Details required to be disclosed as per the Securities and Exchange Board of India circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015:

In line with the corporate disclosure requirement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform that:

In pursuance of Article 41 of the Articles of Association of NTPC Limited, Ministry of Power has, vide its Order No. 8/2/2022-Th-1 dated 29th April 2023, conveyed approval of the Competent Authority for appointment of Shri Shivam Srivastava, Chief General Manager,  NTPC to the post of Director (Fuel), NTPC Limited w.e.f. the date of his assumption of charge of the post or until further orders, whichever is earlier.

Shri Shivam Srivastava (DIN: 10141887) has taken charge as Director (Fuel), NTPC on 30th April, 2023.

Shri Shivam Srivastava, a Mechanical Engineering graduate from Kamala Nehru Institute of Technology, Sultanpur (Avadh University), Post Graduate in Business Management from MDI Gurgaon, had joined NTPC as 13th batch executive trainee in 1988. He has also undergone a Leadership Management course from Harvard Business School, Boston (USA). In his professional career, he has accumulated over 34 years of experience with outstanding contribution in areas of Fuel Handling, Fuel management, Safety, plant operation & maintenance and in coal mining projects.

His experience in the energy sector includes exposures as Head of Fuel Management functions, Head of Operation & Maintenance functions in power plants along with experience as Business Unit Head of two coal mining projects of NTPC. Prior to his elevation to the post of Director (Fuel), he was working as CGM and Business Unit Head of Pakri Barwadih Coal Mining Project of NTPC Limited where he has been instrumental in ensuring fuel security and building self-reliance in coal supply to power projects of NTPC.

As Director (Fuel), NTPC, he is responsible for ensuring fuel availability, affordability, and security for generating stations along with development and safe operation of captive coal mines of NTPC. He is also responsible for Fuel Supply Agreements with Gas Suppliers, Coal suppliers and ensuring timely supply of quality coal at power stations as per power generation requirement alongside maintaining adequate stock levels.

Shri Shivam Srivastava holds 270 shares of NTPC and he is not inter-se related with other directors on the Board of the Company. Further, he is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.

This is for your information and record. 

In terms of Regulation 13 Sub-regulation (3) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the status of investors complaints/grievances for the quarter ending 31.03.2023, is as under: