NTPC - BHEL Joint Venture

National Thermal Power Corporation Ltd (NTPC) has informed that pursuant to signing of MOU with Bharat Heavy Electricals Ltd (BHEL) on September 10, 2007, and signing of a Joint Venture Agreement on December 17, 2007, the Company has signed with BHEL Ltd a supplementary Agreement on January 11, 2008 to engage in manufacturing and supply of equipment for power plants and other infrastructure projects in India and Abroad. The Company and BHEL shall have an equal equity participation in this Joint Venture.