NTPC Q2 FY 2009-10

Good evening sir.Mr. A. K. Singhal:Good evening.Mr. Amit Golcha:I have two questions, the first question relates to the tax refund which we got in Q2 09 ofRs. 5.3 billion, just wanted to understand whether we repaid or passed that amount?Mr. A. K. Singhal:This Rs. 5.31 billion was on account of our income, it was not on account of generationincome. Whatever refund …, that way we received a total refund of almost Rs. 2000crores, but the income tax which was to be refunded is not part of this Rs. 5.31 billion.Mr. Amit Golcha:Okay, so this was retained by NTPC?Mr. A. K. Singhal:This was on the income of NTPC other than generation, non-generation income.Mr. Amit Golcha:Okay. And secondly sir, out of the exchange differences regarding the interest plus theloan, which is immediately pass through to SEBs?Mr. A. K. Singhal:100% on normative loan outstanding, the interest cost as well as exchange rate variationis pass through.Mr. Amit Golcha:So, whether you have adjusted the same in the current quarter in the revenues?Mr. A. K. Singhal:Yes, whether we have adjusted in the current…., whenever on actual basis whenever Iremit the money, repay the loan, at that stage whatever actual currency fluctuation comesthat will be recoverable from them.Mr. Amit Golcha:24