GE Power India Limited has received a letter of intent from NTPC GE Power Services Pvt. Limited, Significant terms and conditions of order(s)/contract(s) awarded in brief Renovation and modernization of LMZ Steam Turbines of Wanakbori TPS Unit No. 1 (210 MW) & Unit No.

2 (210 MW) for Heat Rate (Efficiency) improvement & life extension. Nature of order(s)/contract(s) Steam Turbine R&M, Time period by which the order(s)/contract(s) is to be 33 Months executed, Broad consideration or size of the order(s)/contract(s) Base Price INR 2,434,636,179/- (Plus GST 18%). Yes, NGSL is Joint Venture Company of GE Power India Limited (`GEPIL') and NTPC Limited NGSL participated in this Bid as Lead Bidder and GEPIL participated as JV/consortium Partner.

GEPIL shall be responsible for all the critical supplies including design & engineering, testing and commissioning of system. Yes, the same shall be done at arms' length.