Basis of Allotment

National Thermal Power Corporation Limited


707, Sterling Centre, R.C. Dutt Road, Alkapuri, Vadodara- 390 005
Phone : 0265 - 234 4756 / 235 9893 Fax : +91 - 265 - 234 1642

Public Issue of 60,00,000 Equity Shares of Rs. 10/- Each For Cash at a Premium of Rs. 30/- each aggregating Rs.2400 lacs


The Board of Directors of MSK Projects (India) Limited ("Company") thank the investing public of their overwhelming response to the Public Offer of Equity Shares of the Company which opened for subscription on 27th September, 2004 and closed on 8th October, 2004. The Company has received 7036 valid applications for a total of 7,522,875 shares resulting in over subscription of 1.25 times. The Basis of Allotment was finalized on 27th October, 2004 in consultation with The Stock Exchange, Mumbai (BSE). Allotments have been made on proportionate basis within the specified categories, rounded off to the nearest integer subject to minimum allotment of 125 equity shares per applicant. The Board of Directors have allotted the equity shares at their meeting held on 27th October, 2004 as per details given below:

I)Retail Category (Individual Investors applying up to 1250 shares)

The Company has received 6956 valid applications for a total of 3,921,875 Equity Shares resulting in 1.3 times over subscription in the category. Allotment of shares in the category of 125 shares has been made on the basis of draw of lots. The number of shares allotted in this category is 3,010,117. The details of category-wise allotments are given below:

Category No. of Shares Allotted No. of Allotters Total No. of Shares Allotted Ratio
125 125 1,716 214,500 4:5
250 191 1,235 235,885 Firm
375 287 244 70,028 Firm
500 383 674 258,142 Firm
625 478 64 30,592 Firm
750 574 71 40,754 Firm
875 669 14 9,366 Firm
1,000 765 564 431,460 Firm
1,125 861 1,474 1,269,114 Firm
1,250 956 471 450,276 Firm

II) Non-retail Category (Individuals above 1250 shares, Corporates, Institutions & Others)

The Company has received 80 valid applications for a total of 3,601,000 Equity Shares resulting in over subscription of 1.2 times. Allotments have been made to applicants in proportion to the inverse of the subscription ration, rounded off to the nearest integer and the number of shares allotted in this category is 3,000,841.

1.The Refund orders, wherever applicable, have been dispatched on 29th October, 2004.
2.The beneficiary Account of allottees with NSDL/CDSL have been credited on 29th October, 2004.
3.MSK Projects (India) Limited is taking steps to get the equity shares admitted for trading on the The Stock Exchange, Mumbai (BSE) and The National Stock Exchange of India Limited (NSE) within 7 working days from the date of approval of basis of allocation.

All future correspondence in this respect should be addressed to the Registrars to the Issue quoting full name of the First applicant, Serial number of the application form, number of shares applied for, and Name of the Bank Branch where the application was lodged, at the following address:

Purva Shareregistry (India) Pvt. Ltd
33, Printing House, 28-D, Police Court Lane, Behind Old Handloom House, Fort, Mumbai - 400 001
Tel: 022 - 2261 7957 / 5634 8073 - 74;  Fax: 022 - 2262 6407; E-mail :

Place: Ahmedabad
Date: 30th Octorber, 2004

For MSK Projects (India) Limited
Director (Finance) & Compliance Officer