Sub: Clarification on News item "Supreme Court stays Telangana High Court order awarding 2-month jail term to NTPC chairperson in contempt case"
Dear Sir,
This is with reference to clarification sought from the Company regarding recent news which appeared in the "www.thehindubusinessline.com" dated January 06, 2023 captioned "Supreme Court stays Telangana High Court order awarding 2-month jail term to NTPC chairperson in contempt case".
Our point-wise reply to clarification sought is as follows :
Whether such negotiations/events were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order from the start of negotiations/events till date.
Reply: Yes. The Hon'ble High court of Telangana vide its judgment dated 30.12.2022 in Contempt Case No. 776 of 2022 directed the Chairman & Managing Director and GM (HR) of NTPC Ltd. to undergo a simple imprisonment of 2 months and a fine of Rs. 2000/- each by allowing the said Contempt Petition. The Hon'ble High Court of Telangana in the said judgment dated 30.12.2022 has suspended the sentence of imprisonment imposed for a period of six weeks from 30.12.2022. The Hon'ble Supreme Court in Civil Appeal No. 92 of 2023 and Civil Appeal No. 128 of 2023 vide Order dated 06.01.2023 was pleased to stay the Judgment dated 30.12.2022 passed by the Hon'ble High Court of Telangana.
Whether you/company are aware of any information that has not been announced to the Exchanges which could explain the movement in the trading, if any? Further, you are advised to provide the said information and the reasons for not disclosing the same to the Exchange earlier as required under regulation 30 of the SEBI (LODR)
Regulations, 2015.
Reply: No.
c) The material impact of this article on the Company.
Reply: There is no material impact of this article on the Company.
Yours faithfully,
ADITYA DAR
Digitally signed by ADITYA DAR Date: 2023.01.10 10:51:06 +05'30'
(Aditya Dar)
Executive Director (Finance)
Registered Office: NTPC Bhawan, SCOPE Complex, 7, Institutional Area. Lodi Road, New Delhi-110003Corporate Identification Number: L40101DL1975GOI007966, Telephone No.-01124387333,Fax: 011-24361018,E-mail: isd@ntpc.co.in
Website: www.ntpc.co.in
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NTPC Ltd. published this content on 10 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 January 2023 12:11:19 UTC.
NTPC Ltd is the Indian leader in production of electricity. Moreover, the group ensures the development, construction and installation of power plants. Net sales break down by activity as follows:
- production of electricity (94.2%): from coal, hydraulic, solar and wind energy;
- other (5.8%): consulting services, management of construction of electricity production units projects, exploration of oil and gas and coalmines operating.
At the end of March 2022, NTPC has an installed capacity of 68,962 MW.
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