1 - GMR

GMR INFRASTRUCTURE LTD.
BUSINESS OVERVIEW
OCTOBER 2009

Presentation Flow
Page No.
Group Overview
3
Airports – Building Gateways
7
Energy – Powering Change
16
Highways & Urban Infrastructure – Paths to Progress
22
Key Financial Summary
25
Key Investment Highlights
29

Group Overview

Overview of GMR Group
GMR Group was established in June 1978
Two listed Group Companies
GMR Industries Ltd. listed in November 1992
GMR Infrastructure Ltd. listed in August 2006
GMR Group has consistently
created value for all
stakeholders in society
GMR Infrastructure
GMR Industries
GMR Varalakshmi Foundation
Airports
Energy
Highways
Urban Infrastructure
Construction
Sugar Plants
Ethanol Production
Power Co-generation
Undertakes Corporate Social
Responsibility initiatives
Focused on Education, Health, Hygiene
& Sanitation
300
250
GMR Infrastructure (+59%) GMR Industries (+65%) Sensex (+20%)
(MCap- Rs262bn)
(MCap-Rs 2.2bn)
200
150
100
50
22-Sep-08 4-Dec-08 15-Feb-09 29-Apr-09 11-Jul-09 22-Sep-09
Mkt. Cap as on 22 nd Sep 09

Leading Infrastructure Developer of India
Infrastructure
Construction Division
Airports
Energy
Highways
Urban
Infrastructure
Indian Businesses
Delhi Airport (Pax Traffic ~ 22.9 mn)
Hyderabad Airport (Pax Traffic ~ 6.2 mn)
Assets in Operation - 823 MW
Assets under Development – 6,808 MW
Assets in Operation - 421 kms
Assets under Development - 210 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
InterGen N.V.
International Businesses
Istanbul Airport (Pax Traffic ~ 4.4 mn)
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

Steady Growth over last Decade
Energy
Airports
Urban Infrastructure
International Business
2009
Acquisition of Coal Mines
Indonesia
South Africa
HYD-VIJ Road Project awarded
Chennai ORR Project awarded
Acquisition of Island Power
2008
Acquisition of EMCO Energy
600 MW in Maharashtra
Hyderabad Airport operational
50% stake in InterGen acquired
2007
Awarded;
Tamil Nadu SEZ Project
Turkey Airport Project awarded
450 MW Upper Karnali 1
560 MW in Upper Marsyangdi 1
Hyderabad Airport SEZs
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
Delhi Airport Project awarded
389 MW Vemagiri operational
2005
3 Annuity Road Projects awarded
3 Toll Road Projects awarded
2002
Hyderabad Airport Project awarded
2001
235 MW in Mangalore operational
1999
200 MW in Chennai operational
1 Expected capacities, DPR is under preparation.

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

Airports – Building Gateways

Hyderabad Airport: India’s First Greenfield Airport in PPP Initiative
Consortium Partners in GHIAL*
GMR Infrastructure 63%
Airport Authority of India 13%
Govt. of Andhra Pradesh 13%
Malaysia Airports 11%
Concession Overview
Concession Date Dec 2004
Concession Period 30 + 30 years
Revenue Share 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 0.35
Runways 1 2
PTB Area (mn sq. ft) 1.17 3.90
Phase -I Operationalized in March, 2008
Currently handling 6.22 mn pax
Currently moving 56,800 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 3,700 Cars
New Terminal Building

Hyderabad Airport: Value Accretive Business Model
Aeronautical Operations
Aeronautical Charges as per AAI
Aircraft Landing & Parking Charges
11 Foreign and 10 Domestic Airlines
Non-Aeronautical Operations
Revenue Streams Partner 2
Duty free retail
Nuance – World’s top Airport Retailer
with over 90 years of experience
1 Foreign Cargo and 1 Domestic Cargo Airline
Passenger Service & Security Fees:
4.65 mn Domestic pax in FY 2009
1.57 mn International pax in FY 2009
User Development Fees (UDF)
Commencement Date
Domestic: 22 August 2008
Rs 1,000 1
International: 23 April 2008
Rs 375 1
Cargo Operation
Ground Handling
Advertising
Fuel Farm
Hotel
JV with Menzies plc – UK-based Global
Cargo & Ground handling Company
Menzies Aviation & Bobba
Air India & SATS
Laqshya – India’s leading OOH media
company
Open Access to all Oil Companies
Operator – Reliance Industries
Own a 305 room Airport Hotel
Operated by Novotel – Operator of
premium hotel worldwide
1. Charges per departing passenger inclusive of all taxes
2. All Contracts have Fixed Components& Variable Components linked to Revenue

Hyderabad Airport: 1,500 Acres of Property Development
1,000 acres of
Real Estate
Plans to develop an “Aerotropolis”
Convention cum Entertainment Facilities
Commercial & Retailing Space
Master Plan developed by CPG of Singapore
Health Corridor over 25 acres
Multi-Specialty Hospitals
Research & Trial Facilities
Planned as Cargo Transshipment Hub
Districon has been appointed for a feasibility study
250 acres of
Logistics SEZ
250 acres of
Aviation SEZ
Recommendations to provide guidelines for establishing
Freight Distribution Centre
Perishable Cargo Centre
Express Cargo Facilities
MRO over 25 Acres (JV with Malaysian Aerospace)
5 bays (4 Narrow body & 1 Wide body)
To be operational by 2011
CFM Training Centre with Aircraft Engine Manufacturer -
CFM International

Delhi Airport: Developing India’s Largest Airport
Consortium Partners in DIAL *
GMR Infrastructure 54%
Airport Authority of India 26%
Malaysia Airports 10%
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) 5.5 17.2
Terminal 3
Fraport 10%
Concession Overview
Concession Date April 2006
Concession Period 30 + 30 years
Revenue Share 46% of revenue
Phase-IA completed in Feb 2009
Phase -IB to be completed in Mar 2010
(76% completed)
Currently handling 22.9 mn Pax; 0.42 mn
tons of Cargo
Phase-IA: Modernization of
Existing Terminals (T1 & T2)
Phase-IB: Development of New
Integrated Terminal (T3)
Financing Plan (Phase-I) (Rs. mn)
* DIAL: Delhi International Airport Ltd.
Land Side Facilities
Domestic Departure & Arrival Terminals
Refurbishment completed in Dec 2008
New Domestic Departure Terminal (T1D)
Started in April 2009
International Terminal (T2)
Refurbishment completed in Sep 2008
Air Side Facilities
Runway of 4,430 m & parallel Taxiway
Land Side Facilities
168 Check-in Counters
76 Walklators, 31 Escalators, 63 Lifts
126 Washrooms
Multilevel Car Park Facility for 4,300 cars
Air Side Facilities
78 Aerobridge
48 Contact & 9 Remote Parking Stands

Delhi Airport: Value Accretive Business Model
Aeronautical Operations
Non-Aeronautical Operations
Aeronautical Charges as per AAI Revenue streams Partner 2
Aircraft Landing & Parking Charges
53 Foreign Airlines
10 Domestic Airlines
Passenger Service Fees from:
15.05 mn Domestic PAX in FY 2009
7.75 mn International PAX in FY 2009
Airport Development Fees (ADF)
Duty free retail
Cargo Operation
Ground Handling
Alpha Airport (T2), till FY10
Aer Rianta – Irish Travel Retailer
having over 60 years of experience in
Airport Retail (T3)
Celebi (Brownfield Cargo) – handling
Cargo in three International Airports
World Flight Services (WFS) & Bird
Group
Consortium of World Flight Services
(WFS) & Bird Group
To collect Rs. 18.27 bn
(NPV on 1st March 2009)
To be Charged for 36
Months
No Revenue Sharing being
Capital Receipt
1
Rs200
Domestic
1
Rs1,300
International
Advertising
Fuel Farm
Food &
Beverages (T3)
Times Innovate Media Pvt. Ltd till FY10
– Leading Media House in India
IOC, BPCL, HPCL – Leading PSUs Oil
companies
SSP Catering – leading international
company in F&B
Devyani International
Travel Food Services
1. Charges per departing passenger exclusive of all taxes
2. All Contracts have Fixed Components & Variable Components linked to Revenue

Delhi Airport: 250 Acres of Property Development
250
250
Acres
Acres
of
of
Aerotropolis
Aerotropolis
Development
Development
Aerotropolis
Aerotropolis
Phase
Phase
- I : 45
45
Acres
Acres
of
of
Hospitality
Hospitality
District
District
45 Acres Divided into
Core Airport
Infrastructure
Area for CP
development
13 Asset Areas
Total GBA (FSI) = 6.12 msf
Hospitality = 10 assets
(5.04 msf)
Commercial = 3 assets
(1.08 msf)
All type of Commercial Property Development Allowed
Development of a Central Business District (CBD), right in
the heart of NCR with Dual Locational Advantage;
Effective Connectivity
Demand Proximity
Master plan by YRM, UK & PF
Development in a Phased Manner over 4 to 5 years
Awarded development rights for 8 asset areas through
competitive bidding
Total area: 29.3 acres (Developable Area of 3.565 msf)
Bids awarded to Accor, InterGlobe Hotels, Juniper
(partners in Asian Hotels), Aria Hotels (partners in Asian
Hotels), Lemon Tree, Bird Group (Dusit), DB Hospitality
Rs. 8.64bn Upfront & Rs. 4.22bn Infrastructure Deposit
Rs. 9.81bn NPV of Lease Rental (57 yrs)

Turkey Airport : One of the Fastest Growing Airport
Consortium Partners in ISGIA*
Concession Overview
Concession Date May 2008
Concession Period
Concession fees
Financing Plan (Euro mn)
GMR Infrastructure 40%
Limak 40%
Malaysia Airports 20%
20 years
1.93bn over the concession period.
First payment in 2011
Capital Work in Progress
Total Capex till Jun 2009 is
Euro 370mn (82% completed)
Expansion to be completed by
Oct 2009 (82% completed)
Currently handling 4.4 mn pax
Development Plan
Master Plan for Development
Completion Date Current October 2009
Pax Capacity 5 mn 25 mn
Cargo Capacity - 145,000 tons
PTB Area (sq. m) 25, 600 198,000
Project Features
Air Side facilities
Runway with 45m (width) and 3,000m (length)
Parallel Taxiway 2 Rapid Exit Taxiways (RET) – 45 m (width)
Apron Parking Capacity for 48 planes
Cargo Terminal of 8,200 sq. m
* ISGIA: Istanbul Sabiha Gocken International Airport ltd

Energy – Powering Change

Well Diversified Power Project Portfolio in India
Balanced
fuel mix
Good portfolio of coal, gas & liquid
fuel & hydro projects
7,631 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 Marsyangdi
Upper Karnali
Diversification into
related areas
Power Trading and Transmission
Chattisgarh
Talong
Project Pipeline (MW)
9,000
8,000
7,000
6,000
5,000
4,000
3,000
2,000
1,000
0
823
2,418
1,200
2,460
730 7,631
2009 2012 2013 2014 2015 Ultimate Capacity
Emco Energy
Mangalore
Operational Assets
3 Projects
(823 MW)
Vemagiri
Expansion
Chennai
Orissa
Vemagiri
Coastal Power Plant
Andhra Pradesh
Assets under Construction/Development
10 Projects
(6,808 MW)

823 MW of Operational Power Generation Capacity
Andhra Pradesh
Karnataka
Tamil Nadu
Location Vemagiri Mangalore
Chennai
GMR Ownership 100% 100%
51%
Capacity 388 MW 235 MW
200 MW
Fuel Type Natural Gas Naptha
LSHS 1
Commencement of Generation
Dec 2008
June 2001
Feb1999
Power Off-take
100% Regulated Tariff
- 23 yrs PPA
100% Merchant Tariff
100% Regulated Tariff
- 15 yrs PPA till 2014 at
68.5% PLF
Future Plans
20% Merchant Tariff ; 15
year PPA (APERC Approval
awaited)
Secured Gas supply from
Reliance Industries Ltd.
Conversion into Gas-fired
Plant
Relocation of the Barge to
Kakinada by Jan 2010
Operations on Merchant
Basis
1: Low Sulphur Heavy Stock

6,808 MW of Thermal Power Projects under Development
Orissa
Chhattisgarh
EMCO Energy
Andhra Pradesh
Coastal
Location
Kamalanga
Raipur
Maharashtra
Vemagiri (Expansion)
Andhra Pradesh
Group Ownership
80%
100%
100%
100%
100%
Capacity
1,050 MW
1,200 MW
600 MW
768 MW
2,000 MW
Estimated Capex
Rs. 45,400 mn
Rs. 52,586 mn
Rs. 33,600 mn
Rs. 28,000 mn
Rs. 96,000 mn
Financial Closure
May 2009
By Dec 2009
Ph I – By Nov. 2009
Ph II – By Jan 2010
By Dec 2009
By Dec 2010
Fuel Type
Coal
Coal
Coal
Natural Gas
Imported Coal
Fuel Arrangement
Captive Coal Mine
Coal Linkages Expected
Coal Linkages for Ph-I
Gas from KG Basin
Coal from Indonesia
Expected CoD
By Mar 2012
By Mar 2013
By Aug 2012
By Jan 2012
By 2014
Power Off-take
25% Regulated Tariff
75% Merchant Tariff 1
35% Regulated Tariff
65% Merchant Tariff
100% Merchant Tariff 2
100% Merchant Tariff
100% Merchant Tariff
Land Acquired
Land Acquired
Land Acquired
Land available at site
Milestones
Achieved
MOEF Clearance
Obtained
Water Allocated
EPC Contract -
SEPCO
MOEF Clearance
Expected
Water Allocated
Evaluating bids for
BTG & BoP Package
Ph I MOEF
Clearance Obtained
Water Allocated
Construction to start
by Dec 09
Water Available
EPC contract - L&T
STG package - GE
1. Including 34% to Haryana under Case I bidding
2. L1 to sell 33% to Maharashtra under Case 1 bidding

Focus on Fuel Security for Future Growth
Indonesia Coal Mine
South Africa Coal Mines
Acquired 100% stake in PT Barasentosa Lestari
US$ 80 mn Staggered Payment
Coal Contract of Works (CCoW) License
Approved by the Parliament
Mineable Coal Reserves of 104 mn tons
Development Period to be 2 years
Annual Production expected to be 6 mn tons
Plan to export coal to India for Coastal Power Project
20 Kms by Road to Barge Loading Facility
300 Kms by Barge to Trans Shipment Point
Acquired 38.5% stake in Homeland Energy Group,
Canada
Owns coal mines in South Africa & Uranium Assets
in Niger & USA
Equal Representation on the Board of Directors
Mineable Coal Reserves of 300 mn tons
Kendal: 25 mn tons of Coal Reserve, annual
production of 1.8 mn tons
Eloff: 275 mn tons of Coal Reserve, Annual
production expected to be 12 mn tons
Plan to sell coal in spot market at mine gate to
Global Players

1,190 MW of Hydro Power Projects under Development
Uttaranchal Arunachal Pradesh Himachal Pradesh Nepal
Location
Badrinath
Talong
Bajoli Holi
Upper Karnali
Upper Marsyangdi
Group Ownership
100%
88%
100%
51% 80%
Capacity
300 MW
160 MW
180 MW
300 MW 250 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
2014
2014
2015
2015 2015
DPR approved by
CEA
Environment Study
Approved by MOEF
DPR preparation is
under Process
Survey License
received
Survey license
received
Clearance obtained
from MOEF
DPR submitted to
CEA for Approval
Power to be exported
to India
Generation license on
DPR approval by GoN
Milestones
Land acquisition in
process
Plan to apply for
CDM Benefits
Plan to apply for CDM
Benefits
Power to be exported
to India
Bids under evaluation
for civil works tender
Project capacity could
increase to 900 MW
Plan to apply for CDM
benefits
CDM registration
under progress
Project capacity could
increase to 560 MW
Plans to have short-term PPAs with North Indian states

InterGen : Operates 8,086 MW of Global Power Assets
Acquired 50% stake in October 2008
InterGen
InterGen
Net
Net
Capacity
Capacity
(net
(net
of
of
aux)
aux)
Netherlands
Netherlands
Operating assets
7,658 MW
Operating assets
Assets in construction
428 MW
Rijnmond 820 MW (100%)
Total 8,086 MW
InterGen Equity
GMR Equity
6,231 MW
3,116 MW
U.K.
Assets in construction
Rijnmond II 428 MW (100%)
Total
1,248 MW
United
United
Kingdom
Kingdom
Operating assets
Rocksavage 748 MW (100%)
Coryton 777 MW (100%)
Mexico
Netherlands
Philippines
Philippines
Operating assets
Quezon 460 MW (45.87%)
Spalding 860 MW (100%)
Total
2,385 MW
Philippines
Total
460 MW
Mexico
Mexico
Operating assets
Bajio 600 MW (51%)
Australia
Australia
La Rosita 1,100 MW (100%)
Campeche facility 252 MW (100%)
Chihuahua facility 259 MW (100%)
Total
2,223 MW
Diversified Fuel mix: 89% of Capacity is Gas based
& 11% Coal based
Secured Cash flow: 70% of Capacity is Contracted
on Long Term Basis
Young Fleet: Average Age of the Fleet ~6 years;
Remaining Life 35 – 40 years
Operating assets
Millmerran 850 MW (29.3%)
Callide 920 MW (25%)
Total
Diagram legend
CCGT Coal
1,770 MW

Highways & Urban Infrastructure – Paths to Progress

Highways: Balanced Portfolio of Annuity & Toll Assets
Already Operational
Under Construction
Project Name
GTAEPL
GTTEPL GPEPL GACEPL GJEPL GUEPL GHVEPL GCORRPL
Location
Tuni –
Anakapalli
Tambaram -
Tindivanam
Pochanpalli
Ambala -
Chandigarh
Faruknagar -
Jadcherla
Tindivanam
- Ulundurpet
Hyderabad
– Vijaywada
Chennai
Outer Ring
Road
Road Length 59 kms 93 kms 103 kms 35 kms 58 kms 73 kms 181 kms 29 kms
Project Cost
(Rs. mn)
3,040 3,900 6,900 4,985 4,713 7,950 22,000 * 11,000 *
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 4 to 6 lanes
6 lanes &
2 Service
Lanes
CoD Oct 2004 Oct 2004 Mar 2009 Nov 2008 Feb 2009 Jul 2009 Apr 2012 Aug 2012
Concession
Period
17.5 years
from May 02
17.5 years
from May 02
20 years
from Sep 06
20 years
from May 06
20 years
from Aug 06
20 years
from Oct 06
25 years
from May 09
20 years
from Jun 09
Concession
Type
Annuity Annuity Annuity Toll
Toll Toll
Toll
Annuity
* Estimated

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 & implementation
3,300 acres of land being acquired from Farmers directly: 50% already acquired
Commencement of development by 2009 & completion of basic infrastructure by 2014
Project Highlights
Type of SEZ
Multi-Product SEZ focusing on Bio Technology, IT & ITES, Electronics & Engineering Industries
Krishnagiri District Tamil Nadu, close to Bangalore metropolis
Location
Proximity to Hosur Town, an Automobile Industry Hub
Excellent connectivity through NH7 Highway and Railway network
Project Cost
Phase - I (around 250 Acres) – Rs. 10 bn
Targeted
Industries
New Technology Industries such as Wind Power, Solar Thermal, Photovoltaic Systems
Knowledge Industries such as IT & ITES, Bio-technology, Nano Technology
Traditional Industries such as Auto & Auto Components, Processed Food, Light Engineering

Key Financial Summary

Consolidated Financial Performance
1
Gross Revenues
2
EBITDA & Margins
CAGR: 62%
EBITDA
Margin
43% 32% 26%
CAGR: 33%
27%
(Rs.mn)
(Rs.mn)
3
Cash Profit (1)
4
Capital Employed (2)
CAGR: 27% CAGR: 80%
(Rs.mn)
3,136
3,764
4,412
6,669
(Rs.mn)
FY06 FY07 FY08 FY09
¹ Cash Profit: PAT + Depreciation & Amortization+ Deferred Tax
2 Capital employed: Total Assets – CWIP - EDCP

Consolidated Balance Sheet
1
Net Worth
2
Debt
CAGR: 103% CAGR: 59%
72,300
82,840
1,20,240
(Rs.mn)
9,947
25,184
(Rs.mn)
29,703 37,057
79,770
FY06 FY07 FY08 FY09
FY06 FY07 FY08 FY09
3
Gross Assets
4
Key Ratios for FY 2009
CAGR: 67%
114,330
Net Debt : Equity 1.5 : 1
(Rs.mn)
24,559
41,481
66,920
Net Debt to EBIDTA*
3.2 times
EBIDTA to interest*
2.3 times
FY06 FY07 FY08 FY09
* Based on Operational Projects

Segment wise break-up of Financial Performance for FY2009
Net Revenues
EBITDA
17%
12%
50%
21%
Total = Rs. 40.19 bn
Total = Rs. 10.67 bn
Cash Profit
Capital Employed
Total = Rs. 6.43 bn
Total = Rs. 135.10 bn
Power Airports Highways Others

Key Investment Highlights

Balanced Portfolio of Assets
Diversified
Infrastructure
Developer (1)
(1) Based on Capital Employed (Rs 135,101 mn) as on 31 st Mar 09
(2) Others includes urban infrastructure and corporate assets
(2)
Diversified across all major
infrastructure segments
illustrating ability to identify
and quickly
scale-up new opportunities
High Percentage
of Assets in
(3)
Operation
Reduced construction risk
across portfolio
(3) Based on Capacity
Well Balanced
Revenue Mix
(4) (5) (6)
(4) For power percentage of PPA and merchant capacity
(5) For airports percentage of aeronautical & non-aero revenues (FY 2009)
(6) For roads percentage of annuity and toll based kilometers
Stable cash flow generating
projects with ability to capture
significant upside from market
opportunities

Excellent Track Record
Project Execution Timeline
Actual Construction Scheduled CoD
Mar-06 1 Mar-07 2 Mar-08 3 Mar-09 4 Mar-10 5
Adloor-Yellareddy-Kalkallu
Ambala-Chandigarh
Farukanagar-Jadcherla
Tindivanam-Ulundurpet
GHIAL
DIAL Runway
Terminal T1D
Terminal T3
Consistent track record of
completing projects
simultaneously on or before
scheduled dates…
CAGR: 77%
Capital Employed 1 1
…In spite of rapid scale up in
asset base
1 Represents capital employed before inter-segment adjustment
2
Others includes urban infrastructure and corporate assets

Strong Competencies Across Project Life Cycle
Bidding
Approvals &
Clearances
Competence
Building
Funding
Project
Execution
Operations &
Growth
Submitting strong
competitive bids
for projects
Developing
Bankable
documents and
obtaining
clearances
Nurturing and
Developing
Successful
Partnerships
Ability to achieve
Financial Closure
and raise equity
from banks and
capital markets
Strong Project
Management
Capabilities
(within time, cost
and quality of
world standards)
Operating and
managing world
class assets for
sustainable
growth and profits

Operating Assets to Drive Revenue Growth
Mar 2009
FY15
Energy
Bajoli Holi
Upper Karnali
Upper Marsyangdi
FY13
Energy
Chhattisgarh
FY14
Energy
Coastal Power
Plants
Alaknanda
Talong
Highways
Hyderabad-Vijayawada
Chennai-Outer ring road
730 MW
FY10
Airport
Delhi T3
Turkey
Highways
Ulundurpet -
Tindivanam
FY12
Energy
Kamalanga
Vemagiri Expansion
EMCO
54 mn PAX
73 kms
2,418 MW
1,200 MW
210 kms
2,460 MW
Airports
(2)
Energy
(13)
Highways
(8)
72 mn PAX 7,631 MW 631 kms
Hyderabad
Delhi
Mar 2015
Coal – 4
Gas – 3
Liquid fuel – 1
Hydro – 5
Annuity–4
Toll–4
Intl.
(1)
25 mn PAX
800 MW
Turkey
Island Power

Thank You