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NTPC Ltd. Company History and Annual Growth Details

Our Company was incorporated on November 7, 1975 under the Companies
Act as a private limited company under the name 'National Thermal Power
Corporation Private Limited', and the word 'Private' was deleted on
September30, 1976 consequent upon the notification issued by the GoI
exemptinggovernment companies from the use of word 'private'. in their
name. On September 30,1985, our Company was converted from a
private limited company into a public limited company.Subsequently,
the name of our Company was changed to its present name NTPC
Limited. and a fresh certificate of incorporation was issued on October
28, 2005. The name of our Company was changed to reflect the
diversification of our business operations beyond thermal power
generation to include,among others, generation of power from
hydro, nuclear and renewable energy sourcesand undertaking
coal mining and oil exploration activities.

For further information on our business including description of our
activities, services, market of each segment, our growth, technology,
market, managerial competence and capacity built-up, our standing
with reference to our prominent competitors, see 'Our Business'
and 'Industry Overview'on pages 55 and 44, respectively.

For further information on our business including description of our
activities, services, market of each segment, our growth, technology,
market, managerial competence and capacity built-up, our standing
with reference to our prominent competitors, see 'Our Business'
and 'Industry Overview' on pages 55 and 44, respectively.

Our Company is not operating under any injunction or restraining
order.

In July 1976, the registered office of our Company was changed from
Shram Shakti Bhawan, New Delhi to Kailash Building, Kasturba Gandhi
Marg, New Delhi. Subsequently, in May 1979 the registered office of
our Company was shifted to NTPC Square, 62-63, Nehru Place, New
Delhi and thereafter in October 1988 to its present location for
administrative and operational efficiency.

Major events

1975 - Incorporation of our Company

1978 - Takeover of management of the Badarpur project

1982 - Commissioning of the first 200MW unit at Singrauli
Center for education at Power Management Institute, Delhi established
First direct foreign currency borrowing . a consortium of foreign banks
led by Standard Chartered Merchant Bank extends a loan of GBP
298.41 million for the Rihand project

1984 - The transmission line based on High Voltage Direct Current
(HVDC) technology, commissioned for power transmission from
Rihand to Delhi Singrauli project received World Bank loan of US$
150 million through GoI

1986 - Synchronized first 500MW unit at Singrauli Our Company
became one of the first PSUs to issue bonds in the debt market

1987 - 5,000 MW installed capacity mark crossed

1988 - First syndicated Japanese loan of 30 billion JPY raised

1989 - Consultancy division of our Company launched First unit
(88 MW) of our Company.s first gas based combined cycle power
plant at Anta, Rajasthan commissioned

1990 - Total installed capacity of 10,000 MW reached

1992 - First acquisition by our Company of Feroze Gandhi
Unchahar Thermal Power Station (2x210MW) from Uttar
Pradesh Rajya Vidyut Utpadan Nigam of Uttar Pradesh The
transmission systems owned by our Company were transferred
to Power Grid Corporation of India Limited (PGCIL) pursuant
to legislation by the Parliament of India

1993 - IBRD extended direct loan of US$400 million to our
Company under time slice concept for its projects

1994 - 15,000 MW of installed capacity achieved Maiden
declaration of dividend of Rs. 650 million Jhanor-Gandhar
(Gujarat) becomes our first thermal power station to have
commissioned an integrated Liquid Waste Treatment Plant

1997 - 'Navratna' status granted by the GoI100 billion units
generation in one year achieved A consortium of foreign
banks led by Sumitomo Bank, Hong Kong extends foreign
currency loan of 5 billion Japanese Yen for the first time
without GoI guarantee

1998 - Commissioned the first Naphtha based plant at
Kayamkulam with a capacity of 350 MW

1999 - Our Company.s Dadri thermal power project, Uttar
Pradesh adjudged the best in India with a PLF of 96.12%
Dadri thermal power project, Uttar Pradesh certified with
ISO 14001

2002 - Three wholly owned subsidiaries, viz., NTPC Electric
Supply Company Limited, NTPC Hydro Limited and NTPC
Vidyut Vyapar Nigam Limited incorporated ESP
[Electrostatic precipitators) set up at Talcher power plant
20,000 MW installed capacity mark exceeded

2003 - Our Company undertook debt re-structuring. Raised
funds through bonds (Series XIII and XIV) Construction of
first hydro-electric power project of 800 MW capacity in
Himachal Pradesh commenced after the investment
approval

2004 - The award of contract for the first Super Critical Thermal
Power Plant at Sipat Reached a total installed capacity of 22,249
MW with the Talcher Unit V getting synchronized on May 13, 2004
Our Company.s Feroze Gandhi Unchahar Thermal station achieves
a record PLF of 87.43% in current year up from 18.02% in February
92 when it was taken over by us LIC extends credit facility for
Rs. 70 billion. Rs. 40 billion is in the form of unsecured loans and Rs.
30 billion is in the form of bonds Our Company makes its debut issue
of euro bonds amounting to USD 200 million in the international
market First coal mining block allotted Listing of our Equity Shares
on the Stock Exchanges

2005 - Our Company received the International Project Management
Award 2005 for its Simhadri project at the International Project
Management Association World Congress. Oil block allocated under
NELP V Our Company adopted core values 'BCOMIT'
(Buisness Ethics, Customer Focus, Organisational Pride, Mutual
Respect and Trust, Innovation and Speed and Total Quality for
Excellence) Our Company ranked as the Third Great Place to work
for in India for second time in succession by a survey conducted
by Grow Talent and Business World 2005

2006 - Badarpur Thermal Power Station having an installed capacity
of 705 MW transferred to our Company

2007 - MoC, GoI granted in-principle approval for allocation of a new
coal block, Chatti-Bariatu (South) to our Company subject to the
conditions stipulated in the approval letter. The share of reserves is
estimated to be 354 Million Tonnes

2008
- Our Company adjudged as the Star PSU - 2008
Board expanded by appointment of five independent Directors
India Power Award conferred on Centre for Power Efficiency and
Environmental Protection

2009

- Memorandum of understanding entered into with the Nuclear
Power Corporation of India Limited ('NPCIL') for development of
nuclear power in India 30,000 MW installed capacity mark crossed
Long term fuel supply agreement signed with Coal India Limited
for supply of coal to our power stations for a period of 20 years

Our Company acquired 44.6% of presently paid-up capital of
Kerala and Transformers and Electricals Kerala Limited from
Government of Kerala at a total consideration of Rs. 313.4 million,
subject to final price to be based on the valuation of the assets
of Kerala and Transformers and Electricals Kerala Limited.
Kerala and Transformers and Electricals Kerala Limited is
engaged in manufacturing and repair of heavy duty transformers
International Gold Star Quality Award conferred on Centre for
Power Efficiency and Environmental Protection.

- NTPC enters MOU with Nuclear Power Corporation of India Ltd. (NPCIL) to work together for development of Nuclear Power in India and for this purpose to form a Joint Venture Company for setting up Nuclear Power Projects.

- NTPC inks JV agreement with SAIL, RINL, Coal India and NMDC.
 
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