Moderator: Good afternoon Ladies and Gentlemen - Ntpc

4 of 20During the current year we plan to add 2490 megawatt capacity. As against this, 500megawatt has already been commissioned at Sipat project and 740 MW have beencommissioned at Dabhol on November 3, 2007. Work on another unit of 500 megawattof Sipat (Stage II) is in progress and this unit is expected to be commissioned in thisfinancial year. The steam blowing was completed in second unit of 500 megawatt ofKahalgaon Stage II. This unit is likely to be commissioned in this financial year. UnderNTPC SAIL Power Company (Private) Ltd, a joint venture company with SAIL. First 250megawatt unit is likely to be commissioned during the current financial year.17350 megawatt capacity is under construction, under XI plan which includes 500megawatt already commissioned during 2007-08. This is about 77% of the capacityscheduled to be commissioned during XI plan period. We expect to place the orders forthe balance capacity so as to add about 22000 megawatt during XI plan in the remainingperiod of 2 to 3 months.So far as our new forays are concerned, we have recently signed an MoU with UttarPradesh Rajya Vidyut Utpadan Nigam Ltd for setting up a power project of 2x660megawatt coal based at Meja Tehsil or any other suitable site in Allahabad district in thestate of Uttar Pradesh in a joint venture . We have also formed a joint venture companyor a subsidiary company under the name and style of Bhartiaya Rail Bijliee Company Ltdon November 22, 2007 for setting up a captive power plant of 1000 megawatt 4x250megawatt at Nabinagar, Bihar. NTPC shall contribute 74% equity and the balance 26%equity in the share capital of this company shall be extended by the Ministry of Railways,Government of India.Pursuant to signing of MoU with BHEL on 10 th September 2007 and signing of a jointventure agreement of 17 th December 2007, NTPC has signed with BHEL Ltd asupplementary agreement on January 11, 2008 to engage in manufacturing and supplyof equipment for power plant and other infrastructure project in India and abroad. NTPCand BHEL shall have an equal participation in this joint venture.So far as awards are concerned, NTPC has received a certificate of Commendation forSignificant Achievement among the large business organizations at the secondsustainability summit in December 2007. Dun & Bradstreet India has selected ourcompany as the Top Indian Company in the Power Sector and has awarded Dun &Bradstreet American Express Corporate Award 2007.These are some of the highlights I wanted to give before the Q&A begins. Thank youvery much. We can now start the Q&A.Mr. Subhadip Mitra: Right sir.Moderator: Ladies and gentleman we will now begin the question and answer session.If you have question please press * and 1 on your push button phone and await yourturn to ask the question when guided by the facilitator. If your question has beenanswered before your turn and you wish to withdraw your request, you may do so bypressing the # key. Participants are requested to restrict the number of question to 2 ata time.Mr. Subhadip Mitra: Sir I have a couple of questions first.