NTPC Ltd. (BSE:532555) is seeking to exit from its joint ventures (JV) with other companies, sources reported. According to The Deloitte report, NTPC has been recommended timed exit from JVs including NTPC-Alstom Power Services Pvt. Ltd with ALSTOM Power Generation AG, Bf-Ntpc Energy Systems Ltd (BFNESL) with Bharat Forge Limited (BSE:500493) and NTPC-Telk, a tie-up with Transformers and Electricals Kerala Ltd. “The decision for the discussions on these JVs are yet to happen,” said the NTPC executive. NTPC holds 49% stake in BFNESL and rest is with Bharat Forge Limited (BSE:500493). NTPC also has a 44.6% stake in NTPC-Telk. Also, a senior NTPC executive requesting anonymity said, "An extraordinary general body meeting has been called on May 24, 2013 to obtain the creditors’ consent and shareholders’ approval. This is part of our restructuring exercise. We have already decided to exit International Coal Ventures Private Limited; (ICVL) and National Power Exchange Ltd.,” NTPC Spokesperson told Mint, "We are not aware of any other developments."

NTPC Ltd. announced that the Board of Directors of the company at its meeting held on May 10, 2013, has recommended final dividend of INR 2.00 per equity share, including special of special of INR 1.25 per equity share for the financial year 2013.

NTPC Ltd. announced unaudited standalone and audited consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, on standalone basis, the company reported net sales of INR 164,618.4 million compared to INR 162,635.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 37,724.4 million compared to INR 34,632.0 million a year ago. Profit from ordinary activities before tax was INR 57,494.8 million compared to INR 36,574.0 million a year ago. Net profit for the period was INR 43,816.1 million compared to INR 25,934.4 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 5.31 compared to INR 3.15 a year ago. For the year, on standalone basis, the company reported net sales of INR 643,163.8 million compared to INR 611,448.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 137,173.0 million compared to INR 112,481.5 million a year ago. Profit from ordinary activities before tax was INR 165,786.3 million compared to INR 123,261.6 million a year ago. Net profit for the period was INR 126,193.9 million compared to INR 92,237.3 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 15.30 compared to INR 11.19 a year ago. For the year, on consolidated basis, the company reported net sales of INR 679,528.9 million compared to INR 649,583.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 143,592.3 million compared to INR 123,227.5 million a year ago. Profit from ordinary activities before tax was INR 166,109.5 million compared to INR 131,372.6 million a year ago. Net profit for the period was INR 125,862.2 million compared to INR 98,146.6 million a year ago. Basic and diluted EPS before and after extraordinary items was INR 15.27 compared to INR 11.90 a year ago.