GAMMON INDIA LIMITED

Name of SPV REL AEL CBICL VSPL
berths
Revenue Model Annuity Annuity Toll Toll
GIPL’s Beneficial
Ownership
93.50% 93.50% 97.65% 73.76%
Total Project Cost Rs.2,564.00 million Rs.2,481.00 million Rs.257.40 million Rs.3,137.10 million
O&M Provider GIPL as a subcontractor
GIPL as a subcontractor
GIPL’s projects in the development phase are as follows:
79
CBICL VSPL
Vadape-Gonde toll road project, a 100 kilometer stretch of road on NH-3 connecting Mumbai and Nasik, to
be developed and maintained by an SPV, Mumbai Nasik Expressway Limited (“MNEL”).
Kosi Bridge annuity project, a four-lane bridge across the Kosi river, including its approaches and bunds, in
the Supaul district of Bihar, to be developed and maintained by an SPV, Kosi Bridge Infrastructure
Company Limited (“KBICL”).
Gorakhpur Bypass annuity project, a 32 kilometer green-field bypass to Gorakhpur town on NH 28 in Uttar
Pradesh, to be developed by an SPV, Gorakhpur Infrastructure Company Limited (“GICL”).
Godavari Bridge project, a four-lane bridge across the Godavari river connecting Rajahmundry and Kovvur
in Andhra Pradesh, to be developed and maintained by an SPV, Rajahmundry Godavari Bridge Limited
(“RGBL”).
Construction of offshore container berths and development of container terminals in the Mumbai Harbor
and operation and management of the Ballard Pier Station Container Terminal for an initial period of five
years for the Mumbai Port Trust (“MbPT”), by an SPV, Indira Container Terminal Private Limited
(“ICTPL”).
Paradip Iron Ore Berth project, a 10 million tons per annum (“MTPA”) capacity deep drought iron ore
berth at Paradip port, to be developed and maintained by an SPV, Blue Water Iron Ore Terminal Private
Limited (“BWIOTPL”).
Rangit II hydroelectric project, a 66 MW hydroelectric project on the Rimbi river in west Sikkim, , to be
developed and maintained by an SPV, Sikkim Hydro Power Ventures Limited (“SHPVL”).
Biomass power project, two biomass-based power plants of approximately 12 MW each at Bahgaura
village and at Sawai Singh Wala village, in the district of Patiala, Punjab, to be developed and maintained
by an SPV, Punjab Biomass Power Limited (“PBPL”). In addition, we have rights to develop seven more
such projects, each in the range of 10-15 MW.
Pravara Co-generation power project, a 30 MW bagasse-based power project in Pravara Nagar,
Maharashtra, to be developed and maintained by an SPV, Pravara Renewable Energy Limited (“PREL”).
Youngthangkhab hydroelectric project, a 261 MW hydroelectric power project on the Spiti river in the state
of Himachal Pradesh, to be developed and maintained by an SPV, Youngthangkhab Power Ventures
Limited (“YPVL”).
A summary of each of the above projects is set out in the table below:
Name of
SPV
Nature of
Project
MNEL
Road
project
KBICL
Bridge
project
GICL
Road
project
RGBL ICTPL BWIOTPL SHPVL
Bridge
project
Container
terminal
Iron ore
berth
Hydroelectric
PBPL PREL YPVL
Renewable
Cogeneration
Hydroelectric
power