With reference to the earlier announcement dated on February 08, 2008, National Thermal Power Corporation Ltd (NTPC) has now informed BSE that a Joint Venture Company has been formed on June 19, 2008 between NTPC Ltd and Bharat Forge Ltd (BFL) under the name “BF-NTPC Energy Systems Ltd” to establish a facility to take up manufacturing of castings, forgings, fittings and high pressure piping required for power projects and other industries, Balande of Plant (BOP) equipment for the power sector. NTPC shall hold 49% and Bharat Forge Ltd shall hold 51% of the equity share capital of this Company.