GMR INFRASTRUCTURE LTD. BUSINESS OVERVIEW

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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