Transcript of the 22nd Annual Analysts and Institutional Investors Meet

Ref. No.:01/ FA/ISD/Compliance/2026-27 Dated: 02.08.2026 Listing Department Corporate Relationship Department, National Stock Exchange of India Limited BSE Limited, Rotunda Building, ‘Exchange Plaza’, C-1, Block G, P J Towers, Dalal Street, Fort, Mumbai - 400 001. Bandra Kurla Complex, Bandra (E), Mumbai - 400 051. Scrip Code – 532555 Scrip Code - NTPC Sub: Transcript of 22nd Annual Analysts & Institutional Investors Meet held on 27th July 2026 In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that the Annual Analysts & Institutional Investors Meet of the Company was held on 27th July 2026. Transcript of the above-mentioned Meet is attached herewith and can also be accessed at: https://ntpc.co.in/investors/confrence-call-analyst-meet-investors/annual-analysts-institutional-investors-meet Yours faithfully, (Ajay Garg) AGM (Finance) Investor Relations Department NTPC Limited 22nd Analysts and Institutional Investors Meet July 27, 2026 Management: Mr. Gurdeep Singh, CMD Mr. Jaikumar Srinivasan, Director (Finance) Mr. Shivam Srivastava, Director (Fuel) Mr. K. Shanmugam Sundaram, Director (Projects) Mr. Ravindra Kumar, Director (Operations) Mr. Anil Kumar Jadli, Director (Human Resources) Page 1 of 24 NTPC Limited July 27, 2026 Head of Investor Relations: Ladies and gentlemen, it is my privilege to welcome you all to our 22nd Annual Analysts and Institutional Investors Meet. Under the visionary leadership of our Chairman and Managing Director, and the strategic guidance of our Board of Directors, our company has consistently achieved sustainable growth, operational excellence, and enhanced shareholder value while meeting the evolving expectations of our shareholders. Although our achievements provide a strong foundation, our attention is firmly fixed on the future. Our focus is on translating emerging opportunities into lasting value. We are privileged to have with us a Board of Directors led by our respected Chairman and Managing Director, Shri Gurdeep Singh Ji, whose distinguished career spans nearly four decades in the power sector. He has held leadership positions across both the public and private sector, bringing with him a wealth of experience and deep insights into the evolving energy landscape. Under his visionary leadership, NTPC embarked upon a transformational journey, evolving from a conventional thermal power generating company into a sustainable integrated energy major. His strategic focus on renewable energy, green molecules, energy storage, carbon capture, and other emerging technologies has positioned NTPC at the forefront of India's energy transition by creating long-term value for our stakeholders. Shri Jaikumar Srinivasan, our Director (Finance), brings over three decades of rich and diverse experience across the power and mining sectors, with deep expertise in finance, accounts, taxation, commercial regulatory affairs, and renewable energy domains. He has played a pivotal role in shaping the company's financial and commercial strategies. He has consistently guided the company toward sustained profitability and robust financial performance. His strategic acumen, prudential financial stewardship, and forward-looking approach continue to reinforce the company's position as a financially resilient and future-ready organization. Shri Shivam Srivastava, our Director (Fuel), brings with him over three decades of experience in the power sector. Throughout his career, he has made significant contributions across fuel management, plant operations and maintenance, safety, and coal mining operations. As Director Fuel, he has ensured availability and affordability of fuel for NTPC's power stations while also overseeing development and safe operations of the company's captive coal mines. His strategic guidance continues to play a vital role in ensuring reliable fuel supply and supporting NTPC's operational excellence. Shri K. Shanmugha Sundaram, our Director (Projects), brings with him over 38 years of rich and versatile experience in the execution and commissioning of greenfield and brownfield power projects across India. He has extensive expertise spanning project development, commissioning, operation, and maintenance of large power stations. He played a pivotal role in the development of NTPC's first supercritical project at Sipat and has successfully led several landmark projects during his career. He is also spearheading the company's ambitious renewable energy and nuclear plans. Shri Ravindra Kumar, our Director (Operations), brings with him over 37 years of rich and diverse experience spanning commissioning, operations and maintenance, engineering, and project management. He played a crucial role in the development of the first 660 megawatt project of Bangladesh India Friendship Power Company Limited. His extensive domain Page 2 of 24 NTPC Limited July 27, 2026 expertise continues to enhance operational efficiency and reliability across NTPC's generating portfolio. Shri Anil Kumar Jadli, our Director (HR), brings with him over three decades of experience spanning both line and human resource functions. He has been instrumental in formulating and implementing several strategic HR initiatives that have strengthened the company's human capital practices, which have received international recognition. His leadership continues to play a vital role in nurturing NTPC's most valuable asset, its people, and aligning human capital strategies with the company's long-term growth aspirations. With that, now I would request our respected Chairman and Managing Director to deliver his opening remarks and set the tone for today's meeting. Thank you, sir. CMD: Thank you, Neeraj. Good afternoon. So, welcome to this 22nd Analysts and Institutional Investors Meet. As you all know that every year, we keep it on 1st and 2nd of August. This is a little bit advanced by a couple of days, but we are here just after declaring our first quarter results, as we have been doing earlier. So, I am again very glad to welcome all of you, and I would be very happy to interact along with not only the Board of Directors but also senior executives. So, all the functional Directors, Director Finance, Projects, Operations, Fuel, HR are here with me on dais, and the senior executives of the different functions, whether it is green chemicals, which is really making the circular economy, or say green chemicals which will be carbon capture and the hydrogen-related issues, Mr. Shaswatam. He is here. Just you can stand up and face them once. And please feel free to interact with him. The CEO of NTPC Green, Sarit is here. Mr. Panda, who has spent a lot of time and he has gained almost 6-7 years now on hydrogen. You will be having a lot of queries on the hydrogen side, so he will be in a position to clarify the present situation not only in India but worldwide. Then we have from Nuclear Mr. Nirbhay Gupta, as you will be knowing that we have also recruited a very experienced Executive Director from the industry, Mr. Nirbhay Gupta. I am sure that it's known. Mr. Samal has been steering our nuclear team from the technology side, and we have Mr. Ravinder Sud Commodore from the Navy who has got the good experience from the nuclear side. So, with that introduction, let me just get into a few of my initial comments. Then I would request Director (Finance) to make a detailed presentation, and then, again, we will come back to the discussions on the various issues. Most of the issues may be clarified during the presentation, but all those something which is not clear, including some sort of explanations or some sort of more insight, we will be able to deal with that. FY26 has been a remarkable year for both NTPC and NGEL, which is NTPC Green Energy, and it has been marked by the strong performance and the significant milestones. Global energy landscape is changing rapidly, and all of you know that what is happening worl [Showing first 8,000 characters — download PDF for full document]