NTPC Limited

NTPC Limited has informed the Exchange that "NTPC Limited has signed an Memorandum of Understanding on August 31, 2007 with Steel Authority of India Limited (SAIL), Rashtriya Ispat Nigam Limited (RINL), Coal India Limited (CIL) and National Mineral Development Corporation Limited (NMDC) for formation of a Special Purpose Vehicle (SPV) for securing thermal coal from outside India. Under this SPV, the parties shall cooperate to create project and/or country specific Joint Venture Company (ies) which may also involve equity participation"