GMR Infrastructure Limited - BSE

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Geographical presence of our businesses GMR’s asset ownership extends beyond India to countries like Indonesia, Turkey, Maldives, Nepal, South Africa, Indonesia and Singapore. This provides ample scope to be globally competitive and benefit from operating in different geographies. The Company has strategic plans to further expand its operations to markets across the globe in the infrastructure space. Proven execution capabilities: The company has built and commissioned 3 power projects, 6 road projects and 3 airports – all completed without significant time overruns – indicative of the Group’s project management and execution capabilities. The company plans to progressively increase the involvement of its in-house EPC division in project execution. The key milestones and achievement contributing to the progress of the company include: Diversification strategy We continue to take steps to diversify our business on various dimensions. The advantage of this is both in terms of tapping a wide spectrum of entrepreneurial opportunities as well as bring in multi-disciplinary and diverse competencies to achieve excellence in all that we do. This strategy also provides immense scope for cross learning and innovation. The diversification across sectors is depicted in the asset mix below: Total Fixed Assets, 2010-11: Rs. 24,371 Cr. 44 | GMR Infrastructure Limited | 15 th Annual Report 2010-11
Revenue Mix 19% Global Economic Scenario Recovery outpacing expectations but oil, Euro zone risks remain Growth in both advanced economies and emerging/ developing economies outpaced initial expectations. This raises hope for sustained, though moderately paced global recovery during 2011, with risks emerging from high oil prices. We are seeing that Indian economy continued to outperform most emerging markets during 2010- 11 retaining its position as the second fastest growing economy, after China, amongst the G-20 countries. China and India contributed nearly a quarter of the incremental world output. Indian Economy: GDP growth during 2010-11 reverted to the high growth trajectory. Growth had moderated in the preceding two years as the global economy slowed down as a result of global financial crisis. The growth during 2010-11 reflects a rebound in agriculture and sustained levels of activity in industry and services. Growth of core infrastructure sector remains moderate The six core industries (26.6% of total weight in IIP) registered marginally higher growth during April-February 2010-11 as compared with the same period in the previous year while the year-on-year growth indicates some moderation in recent months. Acute shortage of coal from domestic sources seems to have had some adverse impact on electricity generation. Closer attention to investment in core infrastructure industries is necessary in view of likely energy deficits over the medium term. Growth momentum likely to sustain at close to trend The current growth conditions suggest that the Indian economy is neither overheated, nor does it face a slack. The growth conditions have shown slight moderation of late, but GDP is still likely to grow close to trend in 2011-12. However, if monsoon turns out to be less than normal there is a potential downside risk. If recent increases in crude oil and industrial raw material prices persist, they could weaken the growth momentum amidst high inflation. The downside risks to growth also arise from higher cost of capital and any weakening of consumer confidence as the cost of leverage goes up. (Source: RBI – Macroeconomic & Monetary developments in 2010-11) Projected Investment in the Twelfth Plan (2012-17) The projections presented in the table suggest that the economy will enter the Twelfth Plan in a much stronger position as far as infrastructure is concerned than existed at the start of the Eleventh Plan. Investment in infrastructure will be around 8.37 % of GDP in the base year of the Twelfth Plan. Year 2011-12 12-13 13-14 14-15 15-16 16-17 12th Plan GDP at market prices (Rs. in Crore) 63,14,265 68,82,549 75,01,978 81,77,156 89,13,100 97,15,280 4,11,90,064 Rate of growth of GDP (%) 9 9 9 9 9 9 9 Infrastructure investment as % of GDP 8.4 9.0 9.5 9.9 10.3 10.7 10.0 Infrastructure investment (Rs. in Crore) 5,28,316 6,19,429 7,12,688 8,09,538 9,18,049 10,39,535 40,99,240 Infrastructure investment (US $ billion) @ Rs.40/$ 132.08 154.86 178.17 202.38 229.51 259.88 1,024.81 (Source: Secretariat of Infrastructure) If GDP in the Twelfth Plan period grows at a rate above 9 %, it should be possible to increase the rate of investment in infrastructure to around 10.70 % in the terminal year of the Twelfth Plan period as indicated in the table. These projections imply that the investment in the infrastructure sector during the Twelfth Plan would be of the order of Rs. 40,99,240 crore or US $ 1.02 trillion. At least 50 % of this should come from the private sector. The success of the PPP model has clearly shown that this target is achievable. GMR Infrastructure Limited | 15 th Annual Report 2010-11 | 45
Page 1 and 2: Creating a sustainable enterprise..
Page 3 and 4: Creating a sustainable enterprise
Page 5 and 6: Values and Beliefs ”The GMR Group
Page 7 and 8: • y We also won the International
Page 9 and 10: Highlights of 2010-11 Consolidated
Page 11 and 12: GMR Group “Persons constituting g
Page 13 and 14: GMR Group “Persons constituting g
Page 15 and 16: The gross revenue of your Company o
Page 17 and 18: Highways Your Company operates the
Page 19 and 20: 1. That in the preparation of the a
Page 21 and 22: Annexure ‘A’ to the Directors
Page 23 and 24: Annexure ‘B’ to the Directors'
Page 29 and 30: Report on Corporate Governance Comp
Page 31 and 32: Mr. R.S.S.L.N. Bhaskarudu, 71, Dire
Page 33 and 34: iii. The details of significant tra
Page 35 and 36: 4. Shareholders’ Transfer and Gri
Page 37 and 38: . Extra Ordinary General Meetings V
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Page 41 and 42: The voting rights on the shares out
Page 43 and 44: Secretarial Audit Report The Board
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Page 61 and 62: (Rs. in Crore) Particulars March 31
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Page 67 and 68: The company’s ERM Framework is as
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Annexure to Auditors’ Report Anne
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Balance Sheet as at March 31, 2011
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GMR Infrastructure Limited Regd. Of
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8. Members holding shares in physic
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GMR Infrastructure Limited Regd. Of
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Printed at Manipal Press Ltd. If un
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GMR Infrastructure Limited - BSE

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