1 - GMR

GMR INFRASTRUCTURE LTD.
BUSINESS OVERVIEW
Nov 2010

Presentation Flow
Page No.
Group Overview
2
Airports – Building Gateways
7
Energy – Powering Change
16
Highways & Urban Infrastructure – Paths to Progress
24
Key Financial Summary
27
1

Group Overview

Business Structure
EPC Division
Infrastructure
Airports
Energy
Highways
Urban
Infrastructure
Indian Businesses
• Delhi Airport (PAX Traffic ~ 26.1 mn)
• Hyderabad Airport (PAX Traffic ~ 6.5 mn)
• Assets in Operation - 823 MW
• Assets under Development – 7,648 MW
• Assets in Operation - 421 kms
• Assets under Development – 309 kms
• At Delhi Airport
• 250 acres for Commercial Development
• At Hyderabad Airport
• 1,000 acres for Commercial Development
• 250 acres Aviation SEZ
• 250 acres Logistic SEZ
• In Tamil Nadu
• 3,300 acres SEZ
International Businesses
• Istanbul Airport (PAX Traffic ~ 6.6 mn)
• Male Airport (PAX Traffic ~ 3.0 mn)
• InterGen N.V.
• Assets in Operation - 7,658 MW
– UK - 2,385 MW
– Mexico - 2,223 MW
– Netherlands - 820 MW
– Philippines - 460 MW
– Australia - 1,770 MW
• Assets under Construction - 428 MW
– Netherlands - 428 MW
• Island Power
• Assets under Development - 800 MW
– Singapore - 800 MW
3

Corporate Structure
GMR Holdings Pvt. Ltd.
70.61%
GMR Infrastructure Ltd. (GIL)
98%* 100% 100% 100%
GMR Energy Limited
GMR Highways Holding
Pvt. Ltd.
GMR Airports Holding
Limited
GMR International
Operating Companies:
•GMR Energy Ltd (100%
•GMR Power Corporation(51%)
•Vemagiri Power Generation(100%)
Operating Companies:
•GMR Tambaram Tindivanam (61%)
•GMR Tuni Anakapalli (61%)
•GMR Pochanpalli (100%)
Operating Companies:
•GMR Hyderabad Intl. Airport (63%)
•Delhi International Airport (54%)
Operating Co.:
•Sabiha Gokcen Intl. Airport (40%)
•Intergen N.V. (50%)
Assets under development:
•GMR Badrinath Hydro Power(100%)
•GMR Kamalanga Energy (80%)
•GMR Ambala Chandigarh (100%)
•GMR Jadcherla (100%)
•GMR Ulundurpet (100%)
•GMR Chattisgarh Energy (100%)
•EMCO Energy Limited (100%)
•GMR Rajahmundry Energy (100%)
•Talong Hydro Power (100%)
•Holi Bajoli Hydro Power (100%)
Assets under development:
•GMR Hyderabad Vijayawada (74%)
•Chennai Outer Ring Road (90%)
•Hungund-Hospet (51%)
Operating cum Development
Companies :
•GMR Male International Airport
Assets under development :
-
•Himtal Hydro power Co. (80%)
•GMR Upper Karnali (73%)
•GMR Coastal Energy (100%)
•Island Power Singapore (100%)
* 2% with Employee Trust
4

Steady Growth over Last Decade
Energy
Airports
Urban Infrastructure
International Business
2009
• Acquisition of Coal Mines
• Indonesia
• South Africa
• Hungund-Hospeth Road Project
• HYD-VIJ Road Project
• Acquisition of Island Power
• Turkey Airport commissioned
• Acquisition of EMCO Energy
• 600 MW in Maharashtra
• Chennai ORR Project
2008
• Hyderabad Airport operational
• 50% stake in InterGen acquired
2007
• Awarded;
• 450 MW Upper Karnali 1
• 560 MW in Upper Marsyangdi 1
• Tamil Nadu SEZ Project
• Hyderabad Airport SEZs
• Turkey Airport Project awarded
• 180 MW in Bajoli Holi
• 225 MW in Talong
• MoU entered for;
• 1,200 MW in Chattisgarh
• 1,050 MW in Orissa
2006
• 300 MW Alkananda awarded
• 389 MW Vemagiri operational
• Delhi Airport Project awarded
2005
• 3 Annuity Road Projects awarded
• 3 Toll Road Projects awarded
2002
• Hyderabad Airport Project awarded
2001
1999
• 235 MW in Mangalore operational
• 200 MW in Chennai operational
1 Expected capacities, DPR is under preparation.
5

Visionary Leadership Building Professional Institution
Family Constitution acts
as the Guiding
Framework for Family
Business
GM Rao
Group Chairman
GMR Group
Separate Chairman for
each Business allows
Focused Strategic
Attention
Srinivas Bommidala
Chairman
Highways & Urban
Infrastructure
G B S Raju
Chairman
Corporate &
International Business
Kiran Kumar Grandhi
Chairman
Airports
K Balasubramanian
Chairman
Corporate Social Responsibility
P M Kumar
Executive Director
Group Corporate
Development
B V N Rao
Chairman
Energy Business
In-house Program for Developing Leaders across the Organisation
6

Airports – Building Gateways

Hyderabad Airport: India’s First Greenfield Airport in PPP Initiative
Concession Date Dec 2004
Concession Period
Revenue Share
Consortium Partners in GHIAL*
GMR Infrastructure 63%
Airport Authority of India 13%
Govt. of Andhra Pradesh 13%
Malaysia Airports 11%
Concession Overview
30 + 30 years
4% of revenue (deferred till
11 th year)
Financing Plan (Phase-I) (Rs. mn)
* GHIAL: GMR Hyderabad International Airports Ltd
Development Roadmap
Phase-I Phase-IV
PAX Capacity (mn) 12 40
Cargo Cap (mn tons) 0.10 0.45
Runways 1 2
PTB Area (mn sq. ft) 1.17 3.90
• Phase-I operationalized in Mar 2008
• Currently handling 6.50 mn PAX
• Currently moving 66,480 tons of Cargo
Project Features
Air Side Facilities
• Runway (4,260 m) with Parallel Taxiway
• 30 Remote Parking Stands
• Facility of 12 Aerobridges
• 5 Cargo Parking Stands
Land Side Facilities
• 146 Check-in Counters
• 46 Immigration Counters
• 3 nos. 90 m & 1 no. 70 m Baggage Carousels
• Car Park Facility for 3,500 cars
Terminal Building
8

(in tons)
(in mn)
(in nos.)
Hyderabad Airport: Annual Operational Performance
1
Passengers (PAX)
2
Air Traffic Movements (ATMs)
CAGR: 19.7%
CAGR: 18.1%
81,972 80,839 80,456
2.85
0.75
2.1
4.04
1.00
3.04
5.78
1.21
4.57
6.95
1.43
5.52
6.22
6.49
1.57 1.69
4.65 4.8
37,491
7352
30139
52,171
9155
43016
69,613
9719
59894
10992 12077 13557
70980 68762 66899
FY05 FY06 FY07 FY08 FY09 FY10
FY05 FY06 FY07 FY08 FY09 FY10
3
Cargo Traffic Movement
Hyderabad Airport
CAGR: 14.3%
66480
46411
51178
57237
37119
33787
36271
13952 17459
23438
24059 33314
19835 18812
22973
27119 23923
29361
FY05 FY06 FY07 FY08 FY09 FY10
Domestic
International
9

Hyderabad Airport: 1,500 Acres of Property Development
Creating a theme-based, anchor-led mixed-use Airport City with Phase-I being 275 acres
Healthport
(~25 Acres)
Commercial
District
(~ 75 Acres)
• Multi-Specialty Hospital focused on medical tourism as the anchor
• Research & Clinical Trial Facilities
• Medical education and training facilities
• Convention Centre cum Exhibition Facility as the anchor
• Office Space, Hotels, Restaurants & supporting Retail facilities
• Discussions with leading international convention and exhibition organization
Funport
(~145 Acres)
Eduport
(~40 Acres)
• Amusement Park with Destination Retail and Multi Purpose Arena as the
anchor
• Discussion with leading global and Indian players in entertainment and sporting
events and content provision
• International Business Institution and an International School as anchors
• Supporting Retail and Sports Facility
• Discussions currently in progress with leading global and Indian business
schools
• Superior connectivity of Airport with City to further enhance the value of land
• 11.4 km 4 lane Elevated Expressway operational from Oct 2009 – reducing time taken to reach the city centre to 45min
• Outer Ring Road Phase-I operational - reducing time taken to reach IT District (HiTech City) to 30min
• Enhanced connectivity with completion of Metro Lines planned in future
10

Hyderabad Airport: 500 Acres of SEZ
Development of Aviation and Logistics SEZs
250 acres of
Aviation SEZ
• Plan to develop a world-class Aerospace Park which would include:
• Airframe MRO, Engine MRO,
• Manufacturing of components and sub-systems
• Design, Engineering and Technical Support services
• Advantages of clustering several Aviation Industry segments
• Availability of knowledgeable and experienced workforce
• Access to large number of tailored services at one place
• Synergy from sharing of resources like warehouses, sourcing &
distribution
• MRO over 25 Acres (JV with Malaysian Aerospace)
• 4 bays (2 narrow body,1 wide body,1 paint bay)
• To be operational by 2011
• Training Centre with CFM International (Aircraft Engine Manufacturer)
operational
• Planned as Cargo Trans-shipment Hub
250 acres of
Logistics SEZ
• Districon was appointed for a feasibility study for establishing
• Freight Distribution Centre
• Perishable Cargo Centre
• Express Cargo Facilities
11

Delhi Airport: Developing India’s Largest Airport
Consortium Partners in DIAL
Concession Overview
Concession Date Apr 2006
Concession Period
Revenue Share
GMR Infrastructure 54%
Airport Authority of India 26%
Malaysia Airports 10%
Fraport 10%
Financing Plan (Phase-I) (Rs. mn)
25000
18270
16540
Equity Approved ADF Additional
Development
Fees
* Firmed up project cost
30 + 30 years
46% of revenue
14710
Interest Free
Deposits
52660 127,180*
Loans from
Fis/Banks
Total Project
Cost
Development Roadmap
Phase-I
Phase-IV
Completion Date 2010 2035
PAX Capacity (mn) 60 100
Cargo Cap (mn tons) 0.5 3.6
Runways 3 4
PTB Area (mn sq. ft) 5.4 17.2
• Phase-IA completed in Feb 2009
• Phase-IB completed in Mar 2010
• Handled 26.13 mn PAX (2009-10)
• Handled 0.50 mn tons of Cargo (2009-10)
Phase-IA: Modernization of
Existing Terminals (T1 & T2)
Land Side Facilities
• Domestic Departure & Arrival
Terminals refurbished in Dec 08
• New Domestic Departure Terminal
(T1D) started in Apr 2009
• International Terminal (T2)
refurbished in Jun 08
Air Side Facilities
• Runway of 4,430 m & parallel
Taxiway
Terminal 3
Phase-IB: Development of New
Integrated Terminal (T3)
Land Side Facilities
• 168 Check-in Counters
• 49 Outbound and 46 Inbound
Immigration counters
• 92 Walklators, 31 Escalators,
• 63 Lifts, 141 Washrooms
• Multilevel Car Park Facility for 4,300
cars & Surface Parking 2300 cars
Air Side Facilities
• 78 Aerobridge
• 48 Contact & 9 Remote Parking
Stands
12

In tons
( in mn )
In nos.
Delhi Airport: Annual Operational Performance
1
Passengers (PAX)
2
Air Traffic Movements (ATMs)
12.8
4.9
7.8
16.2
5.8
10.5
CAGR: 15%
20.4
6.7
13.8
24.0
7.2
16.8
22.8
7.8
15.1
26.1
8.3
17.8
122,123
38,409
83,714
151,117
46,702
1,04,415
CAGR: 13%
213,568 217,391
229,247
185,174
54,956 59,495
63,438
52,571
1,58,612 1,57,896 1,65,809
1,32,603
3
Cargo Traffic Movement
Delhi Airport –Terminal 1D
344,501
383,052 389,490
CAGR: 8%
432,863 426,263
500,151
3,36,238
2,37,923
2,73,410 2,73,463
3,01,959 2,97,931
1,06,578 1,09,642 1,16,027 1,30,904 1,28,332
1,63,913
Domestic
International
includes non billable domestic cargo.
13

Delhi Airport: 250 Acres of Property Development
250 Acres of Aerotropolis Development Aerotropolis Phase - I : 45 Acres of Hospitality District
NH 8
45 Acres Divided into
Core Airport
infrastructure
Majority of
Land Bank
• 14 Asset Areas (Asset
Area 5 divided as 5A/5B)
• Total GBA (FSI) = 6.12 msf
• Hospitality = 11 assets
(5.04 msf)
• Commercial = 3 assets
(1.08 msf)
*LP = Land Parcel
Gurgaon
• Commercial development at airport envisages development
of an alternate commercial hub, right in the heart of NCR.
• Master plan by YRM & PF
• Location lends dual advantage of central location with
effective connectivity & proximity to demand
• Hospitality District, the first phase of development,
constitutes of hospitality and commercial assets.
• Awarded development rights for 14 asset areas through
competitive bidding
• Total area: 45.08 acres (Developable Area of 6.12 msf)
• Bids awarded to Accor, InterGlobe Hotels, Juniper Hotels,
Aria Hotels, Lemon Tree, Bird Group, DB Hospitality, Blue
Coast Hotels, Pride Hotels, Sweta Estates, Bharti Realty
• Development at site in full swing – Ibis hotel by Accor to
open before Commonwealth Games 2010.
14

Istanbul Sabiha Gokcen International Airport: Rapidly Growing Airport
Consortium Partners in ISGIA*
GMR Infrastructure 40%
Limak 40%
Malaysia Airports 20%
Over 50 % annual traffic growth
• CY 2009 traffic was 6.6
mn PAX (53% higher
than 2008)
Concession Overview
Concession Date May 2008
Concession
Period
Concession fees
Financing Plan (Euro mn)
20 years (extended by additional
1 year and 300 days)
€1.93bn over the concession
period. First payment in 2011
Airport Capacity
Previous
Current
PAX Capacity 5 mn 25 mn
Cargo Capacity - 145,000 tons
PTB Area (sq. m) 25,600 198,000
* ISGIA: Istanbul Sabiha Gokcen International Airport Ltd
Project Features
Air Side facilities
• Runway with 45 m (width) and 3,000 m (length)
• Parallel Taxiway 2 Rapid Exit Taxiways (RET) – 45 m (width)
• Apron Parking capacity for 48 planes
• Cargo Terminal of 8,200 sq. m
15

Male International Airport
Consortium Partners
High end premium tourist destination
GMR Infrastructure 77%
Malaysia Airports 23%
• Pax : 3 mn (Est for yr
2010). Achieved 20%+
growth over year 2009
for the first half of the
Concession Overview
year
Concession Date Jan 2011
Concession
Period
Concession fees
Financing Plan
25 years (extended by additional
10 years on mutual consent)
Upfront : USD 78 mn
Fixed annual : USD 1.5 mn
Airport Capacity
Previous
Current
PAX Capacity 2.6 mn 5.2 mn
Cargo terminal
10000 sq mts
• Total est. Project Cost USD 511 mn
• ADC of $25 per departing international passenger
from 1 st Jan 2012.
Project Features
Air Side facilities
• Runway of 3,200 m with intermediate turnpad at 1,800m from runway
• 3 connecting taxiways
• Apron – 16 Code C stands and 7 Code E stands
• Seaplane water runway, jetties and boat pathways
16

823 MW of Operational Power Generation Capacity
Tamil Nadu
Andhra Pradesh
Andhra Pradesh
Location
Chennai
Kakinada
Vemagiri
GMR Ownership
51%
100%
100%
Capacity
200 MW
235 MW
388 MW
Fuel Type
LSHS 1
Natural Gas
Natural Gas
Commencement of
Generation
Feb1999
Jul 2010
Dec 2008
Power Off-take
100% Regulated Tariff
- 15 yrs PPA till 2014 at
68.5% PLF
100% Merchant Tariff
100% Regulated Tariff
- 23 yrs PPA
Future Plans
• Relocated the Barge to
Kakinada in Apr 2010
• Converted into Gas-fired
Plant
• Gas allocation received from
KG Basin
• Applied to APTRANSCO
based on APREC order for
recovery of additional fixed
charges over PPA period
1: Low Sulphur Heavy Stock
17

Energy – Powering Change

Well Diversified Power Project Portfolio in India
Balanced
fuel mix
• Good portfolio of coal, gas & liquid
fuel and hydro projects
8,471 MW of power projects spread across the country
Portfolio approach
to revenue mix
• Healthy mix of Merchant and PPA
based projects
Bajoli Holi
Alaknanda
Ensuring fuel
security
• Acquisition of Coal Mines
(Indonesia and South Africa)
Upper Karnali
Upper Marsyangdi
Diversification into
related areas
• Power Trading and Transmission
Madhya
Pradesh
Talong
Project Pipeline (MW)
Chattisgarh
Emco Energy
Orissa
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
1,840
8,471
1,670
1,370
2,000
768
823
2009 2012 2013 2014 2015 2016 Ultimate
Financial Year
Capacity
Mangalore
Operational Assets
3 Projects
(823 MW)
Vemagiri
Expansion
Chennai
Vemagiri
Projects under Construction/Development
10 Projects
(7,648 MW)
19

5,508 MW of Thermal Power Projects under Development
Orissa Chhattisgarh Maharashtra Andhra Pradesh Madhya Pradesh
Location Kamalanga Raipur Varora (EMCO) Vemagiri (Expansion) Shahdol (SJK)
Group Ownership 80% 100% 100% 100%
70% (30% with Prolific
Finvest))
Capacity 1,400 MW 1,370 MW 600 MW 768 MW 1,370 MW
Estimated Capex Rs. 60,400 mn Rs. 82,900 mn Rs. 34,800 mn Rs. 32,900 mn Rs. 82,900 mn
Financial Closure May 2009 By Mar 2011 Mar 2010 Sep 2010 By Mar 2011
Fuel Type Coal Coal Coal Natural Gas Coal
Fuel Arrangement
Captive Coal Mines
Recommended for coal
linkage by CEA/ Imported
Coal Linkages Secured
Gas Allocation Expected
Coal linkages Expected /
imported
Expected CoD FY 2013 FY 2014 FY 2013 FY 2012 FY 2015
Power Off-take
19% Regulated
47% LT PPA*
34% Merchant
30% Regulated
25% LT PPA
45% Merchant
36% LT PPA #
64% Merchant
40% LT PPA
60% Merchant
60% LT PPA
40% Merchant
Milestones Achieved
Land Acquired
MOEF Clearance
Obtained
Water Allocated
EPC Contract –
SEPCO
Construction started
Land Acquired
MOEF Clearance
Expected
Water Allocated
EPC contract for BTG
awarded to Doosan
Land Acquired
Ph I MOEF Clearance
Obtained
Water Allocated
BTG supply contract
awarded to SEC
Construction started
Land available at site
Water available
EPC contract - L&T
BTG package – GE
STG package –Alstom
Acquiring land
Water allocated
LOI issued to Doosan
for EPC
* Sale of 300 MW to Haryana under Case I bidding
# Sale of 200 MW to Maharashtra under Case I bidding
20

Focus on Fuel Security for Future Growth
Indonesia Coal Mine
South Africa Coal Mines
■ Acquired PT Barasentosa Lestari in Sep 08 having coal
mine in South Sumatra Province
■ Total cost of USD 80 mn to be paid in installments
■ Has Coal Contract of Works (CCoW) License (given
by Federal Govt. and approved by Parliament)
■ 700 mn tons Coal Resources in ~25,000 Hectares area
out of which Coal Reserves of 104 mn tones
■ Coal production expected to commence by 2011
■ Gradual increase in production expected from
2 MTPA to 6 MTPA over 3 years
■ Plan to export coal to India for Coastal Power Project
■ 55.84% stake in Homeland Energy Group, Canada
■ Coal mines in South Africa
■ GMR has Board representation & strong rights
■ 621 mn tons Coal Resources in 6 coal mines
■ 25 mn tons Coal Reserves in Kendal, an Operational
Opencast Coal mine producing 1.2 MTPA
■ 275 mn tons Coal Reserves in Eloff, an Opencast
mine under development with expected production of
4 MTPA in 2012
■ 321 mn tons Coal Resources in 4 other coal mines
■ 20 kms by Road to Barge Loading Facility
■ 300 kms by Barge to Trans-shipment Point
21

2,140 MW of Hydro Power Projects under Development
Uttaranchal Arunachal Pradesh Himachal Pradesh Nepal
Location Badrinat Talong Bajoli Holi Upper Karnali Upper Marsyangdi
Group Ownership 100% 88% 100% 51% 80%
Capacity 300 MW 160 MW 180 MW 900 MW 600 MW
Concession Period
45 years from
Implementation
Agreement
40 years from CoD
14% power to be
supplied as royalty
40 years from CoD
Rs. 820 mn premium
paid to the Government
Royalty power for
• Year 1-12: 12%
30 years from
Generation License
12% free power to
NEA
30 years from
Generation License
• Year 13-30: 18%
• Year > 30: 30%
Expected CoD Mar 2015 2016 Jun 2016 2015 2016
Milestones
DPR approved by CEA
Clearance obtained from
MOEF
Land acquisition in
process
Civil works under final
stages of award
CDM: Host Country
approval secured
Environment Study
Approved by MOEF
DPR submitted to CEA
for Approval
Plan to apply for CDM
Benefits
DPR submitted to CEA
for approval
EIA/EMP report
submitted to SPCB
CDM: PDD under
preparation
Approval from GoN
obtained for capacity
enhancement
Survey License
received
Power to be exported
to India
Plan to apply for CDM
Benefits
Approval from GoN
obtained for capacity
enhancement
Survey license
received
Generation license on
DPR approval by GoN
Power to be exported
to India
Plan to apply for CDM
benefits
Plans to have short-term PPAs with states in Northern India
22

InterGen : Operates 8,086 MW of Global Power Assets
Acquired 50% stake in October 2008
InterGen Net Capacity (net of aux)
Netherlands
Operating assets
7,658 MW
Assets in construction
428 MW
• Total 8,086 MW
InterGen Equity
6,231 MW
GMR Equity
3,116 MW
U.K.
Operating assets
• Rijnmond 820 MW (100%) C
Assets in construction
• MaasStroom 428 MW (100%) C
Total
1,248 MW
United Kingdom
Operating assets
• Rocksavage 748 MW (100%)
• Coryton 777 MW (100%)
C
Mexico
Netherlands
Philippines
Operating assets
• Quezon 460 MW (45.87%)
C
• Spalding 860 MW (100%) C
Total
2,385 MW
Philippines
Total
460 MW
Mexico
*
Operating assets
• Bajio 600 MW (51%)
C
Australia
• La Rosita 1,100 MW (100%)
• Campeche facility 252 MW (100%)
• Chihuahua facility 259 MW (100%)
Total
2,223 MW
* Also includes Libramiento pipeline
C
C
C
• Diversified Fuel Mix: 89% of capacity is Gas based
& 11% Coal based
• Secured Cash Flow: 78% of capacity is contracted
on Long Term basis
• Young Fleet: Average age of the fleet ~6 years and
Remaining Life is 35 – 40 years
Operating assets
• Millmerran 850 MW (29.3%)
• Callide 920 MW (25%)
Total
Diagram legend
■ CCGT ■ Coal
C
Contracted
1,770 MW
23

Highways & Urban Infrastructure – Paths to Progress

Highways: Balanced Portfolio of Annuity & Toll Assets
Operational Projects
Project Name
GTAEPL
GTTEPL GPEPL
GACEPL GJEPL
GUEPL
Location
Tuni –Anakapalli
Tambaram –
Tindivanam
Pochanpalli
Ambala -
Chandigarh
Faruknagar –
Jadcherla
Tindivanam -
Ulundurpet
Group Ownership 61% 61% 100% 100% 100% 100%
Road Length 59 kms 93 kms 103 kms 35 kms 58 kms 73 kms
Project Cost
(Rs. mn)
2,950 3,620 7,043 4,993 5,155 8,817
Scope of Work 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes 2 to 4 lanes
CoD Dec 2004 Oct 2004 Mar 2009 Nov 2008 Feb 2009 Jul 2009
Concession Period
17.5 years from
Jun 02
17.5 years from
Jun 02
20 years from
Sep 06
20 years from
May 06
20 years from Aug
06
20 years from
Oct 06
Concession Type Annuity Annuity Annuity Toll Toll Toll
* Estimated
25

Highways: Balanced Portfolio of Annuity & Toll Assets
Under Construction
Project Name
GHVEPL GCORRPL GHHEPL
Location Hyderabad – Vijaywada Chennai Outer Ring Road Hungud-Hospet
Group Ownership 74% 90% 51%
Road Length 181 kms 29 kms 99 kms
Project Cost
(Rs. mn)
21,934 11,668 17,011 *
Scope of Work
2 to 4 /6 lanes
6 lanes &
2 Service Lanes
2 to 4 lanes
CoD Jul 2012* Jun 2012* Dec 2012*
Concession Period 25 years from Apr 10 20 years from Jun 10 19 years from Sep 10*
Concession Type Toll Annuity Toll
* Estimated
26

Urban Infrastructure: Recent Foray in SEZ
• MOU with TIDCO to develop a Multi-product SEZ at Krishnagiri District, Tamil Nadu
• Support from the State Government & TIDCO for timely land procurement and implementation
• Project to be spread over about 3,300 acres of land – About 70% of the private land has been procured
Project Highlights
Type of SEZ
• Multi-Product SEZ focusing on Renewable Energy, Biotechnology, IT & ITES, Electronics & Engineering
industries
• Krishnagiri District in Tamil Nadu, close to Bangalore metropolis
Location
• Proximity to Hosur Town, an Automobile and Engineering Industry hub
• Excellent connectivity through Railway network and NH7 Highway
• Phase – I of the SEZ to target Solar Photovoltaic industry – across manufacturing, R&D, trade and
servicing
Marketing
• Marketing of this phase – termed GMR Solar Tropic, launched in Sep 2009 in European Solar PV Exhibition
in Hamburg, Germany.
• This is the first exclusive SEZ dedicated to Solar PV. It is being planned to provide world class industry
specific infrastructure together with social and commercial facilities to target global Solar PV majors
proposing to set up their manufacturing facilities in India
27

Key Financial Summary

(Rs.mn)
(Rs.mn)
(Rs.mn)
(Rs.mn)
Consolidated Financial Performance
1
Gross Revenues
2
EBITDA & Margins
CAGR: 48%
44,762
51,234
EBITDA
Margin
43% 32% 26%
CAGR: 31%
27%
10,670
30%
13,643
19,967
26,979
4,564
5,436
5,985
10,617
3
Cash Profit (1)
4
Capital Employed (2)
CAGR: 23% CAGR: 68%
6,669
7,346
1,89,760
1,35,101
3,136
3,764
4,412
1,06,840
23,332
43,181
¹ Cash Profit: PAT + Depreciation & Amortization+ Deferred Tax
2
Capital employed: Total Assets – CWIP - EDCP
29

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