Moderator: Good afternoon Ladies and Gentlemen - Ntpc

12 of 20Sumeet Budhiraja: Yes sir, sure, thank you sir.Moderator: Thank you. We have our next question from Mr. Mr. S. Mitra from Jet AgeSecurities, Mr. Mitra please go ahead.Mr. S. Mitra: Yeah very good afternoon to you sir. My question is regarding the taxwhich was answered by you, but I have some other clarifications. Firstly even afterassessing officer has a 60 Crores additional tax, still the tax rate is quite high, this isnumber one. Number 2 is that if the taxes are passed through then should you see theyare passed through in the next quarter.Mr. A.K. Singhal: Taxes are billed on quarter-to-quarter basis.Mr. S. Mitra: Okay. Still even after taking this 60 Crores into consideration, the tax isquite high. Can we get a clarification on this.Mr. A.K. Singhal: That is what I say that increase in tax is partly because of theincrease in the income, in the current quarter on account of higher revenue which wehave generated from other incomes, from our surplus money.Mr. S. Mitra: Okay.Mr. A.K. Singhal: If you look at it from Rs 136 Crores it has gone up to Rs 202 Croreswhich is roughly about 48% higher than what was in the corresponding period. And if weadd Rs 60 Crores in Rs 136 Crores it becomes Rs 196 Crore. There has not been muchincrease in the tax liability.Mr. S. Mitra: Okay, thank you sir.Mr. A.K. Singhal: The CAPEX for the financial year 2008-2009 is 13,588 Crores. Thisis answer to the question of Mr. Sumeet, hello.Moderator: Yes sir can we go to the next question now.Mr. A.K. Singhal: Yeah.Moderator: Okay we have a question from Mr. Vinod from Credit Suisse, Mr. Vinodplease go ahead.Mr. Vinod: Yeah good afternoon Mr. Singhal.Mr. A.K. Singhal: Good afternoon.Mr. Vinod: Most of the questions have been answered, I just had one question, what isthe current status at you know the coal blocks, I mean I think last I heard was expressionof interest had been revised for the contract for mining, and the mining contract hasbeen given out.Mr. A.K. Singhal: We are in the process of issuing final RFP. As you are aware RFQwas issued. RFP has been discussed with various potential bidders. And after theclarifications which were sought by the potential bidders, we are in the process of issuing