Corporate Announcement
Security Code : 532555    Company : NTPC    
 
News Clarification On News Item "Tribunal Passes Rs.2000Cr Award In Favour Of Jindal ITF".Download PDF Download XBRL
  Exchange Received Time  22/02/2019 10:39:45         Exchange Disseminated Time   22/02/2019 10:39:50              Time Taken   00:00:05
This is with reference to clarification sought from the company on recent news item appearing in Financial Express - dated 21-Feb-2019, titled "Tribunal passes Rs.2000cr award in favour of Jindal ITF". Our point-wise replies to clarification sought are as follows:

a) Whether such event stated in published news were taking place? If so, you are advised to provide the said information along with the sequence of events in chronological order.

Reply: It is correct that reported award has been passed by Arbitral Tribunal, but NTPC has decided to contest the award in appropriate judicial body.

b) The material impact of this article on the Company.

Reply: There is no material impact of this article on the company.

c) Whether company are aware of any information that has not been announced to the Exchanges under Regulation 30 of Listing Regulations.

Reply: No.


 

Disclaimer

Back To Announcements