Gmr Power And Urban Infra Limited has informed the Exchange about Investor Presentation.

GMR Power and Urban Infra Limited

Registered Office: Naman Centre, 7th Floor Opp. Dena Bank, Plot No C-31 G Block, Bandra Kurla Comple x Bandra(East), Mumbai Maharashtra, lndia-400051 CIN : U45400MH2019PLC325541 T +91 22 4202 8000 F +91 22 4202 8004 E gpuil.cs@gmrgroup.in

May 20, 2022

BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai 400001. Scrip: 543490

Dear Sir/Madam,

National Stock Exchange of India Ltd. Exchange Plaza, Plot no. C/1, G Block, Bandra-Kurla Complex Sandra (E) Mumbai - 400051. Symbol: GMRP&UI

Sub: Disclosure under Regulation 30 of SEBI (listing Obligations and

Disclosure Requirements), Regulations, 2015.

Pursuant to the Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, please find enclosed herewith the Investor Presentation on the financial results for the quarter and year ended March 31, 2022.

-The presentation wlv-v.'. gmrpui. com.

is- also being uploaded on

the Compan-y's website

Please take the same on the record.

Thanking you,

for GMR Power and Urban Infra Limited

vi!~~~

Company Secretary & Compliance Officer

0

DISCLAIMER

All statements, graphics, data, tables, charts, logos, names, figures and all other information (“Contents”) contained in this document (“Material”) is prepared by GMR Power and Urban Infra Limited (“Company”) solely for the purpose of this Material and not otherwise. This Material is prepared as on the date mentioned herein which is solely intended for reporting the developments of the Company to the investors of equity shares in the Company as on such date, the Contents of which are subject to change without any prior notice. The Material is based upon information that we consider reliable, but we do not represent that it is accurate or complete.

Neither the Company, its subsidiaries and associate companies (“GMR Group”), nor any director, member, manager, officer, advisor, auditor and other persons (“Representatives”) of the Company or the GMR Group provide any representation or warranties as to the correctness, accuracy or completeness of the Contents and this Material. the Company to provide a complete or comprehensive analysis or prospects of the financial or other information within the Contents and no reliance should be placed on the fairness on the same as this Material has not been independently verified by any person.

the intention of

is not

It

NONE OF THE COMPANY, THE GMR GROUP AND THE REPRESENTATIVES OF THE COMPANY AND THE GMR GROUP ACCEPT ANY LIABILITY WHATSOEVER FROM ANY LOSS OR DAMAGE HOWSOEVER ARISING FROM ANY CONTENTS OR OTHERWISE ARISING OUT OF OR IN CONNECTION WITH THIS MATERIAL.

is

published

This Material the Company’s website www.gmrpui.com which is subject to the laws of India, and is solely for information purposes only and should not be reproduced, retransmitted, republished, quoted or distributed to any other person whether in whole or in part or for any other purpose or otherwise.

available

and

on

Any reproduction, retransmission, republishing or distribution of this Material or the Contents thereof in certain jurisdictions may be restricted by law and persons who come into possession of this Material should observe such laws and restrictions if any.

This Material and any discussions which follows may contain ‘forward looking statements’ relating to the Company and the GMR Group and may include

statements relating to future results of operation, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the directors and management of the Company about the business, industry and markets in which the Company and the GMR Group operates and such statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond the Company’s or the GMR Group’s control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of the Company or the GMR Group. In particular, such statements should not be regarded as a projection of future performance of the Company or the GMR Group. It should be noted that the actual performance or achievements of the Company and the GMR Group may vary significantly from such statements. All forward-looking statements are not predictions and may be subject to change without notice.

invitation or is not and does not constitute any offer or This Material recommendation or advise to purchase, acquire or subscribe to shares and other securities of the Company or the GMR Group and not part of this Material shall neither form the basis of or part of any contract, commitment or investment decision nor shall be relied upon as a basis for entering into any contract, commitment or investment decision in relation thereto. Prospective investors in the Company or the GMR Group should make its own investment decisions and seek professional advice including from legal, tax or investment advisors before making an investment decision in shares or other securities of the GMR Group. Remember, investments are subject to risks including the risk of loss of the initial principal amount invested; past performance is not indicative of future results.

the Company or

REGULATORY AUTHORITIES IN THE UNITES STATES OF AMERICA, INDIA, OR OTHER JURISDICTIONS, INCLUDING THE SECURITIES AND EXCHANGE COMMISSION AND THE SECURITIES AND EXCHANGE BOARD OF INDIA (“SEBI”), HAVE NEITHER APPROVED OR DISAPPROVED THIS MATERIAL OR DETERMINED IF THIS MATERIAL IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY MAY CONSTITUTE A CRIMINAL OFFENSE.

1

Table of Contents

Particulars

GPUIL Financial Performance

Energy Business

Pg. No.

3 – 6

7 – 10

Transportation and Urban Infrastructure Business

11 – 16

Strategy and Way Forward

ESG Practices

Annexures

17 –21

22 – 23

25 – 32

2

Performance Highlights

GPUIL Performance Highlights – FY22

Consolidated Financials1 • Gross Revenues:

 ▲50% YoY to INR 41.0 bn in FY22  ▲26% QoQ; ▲54% YoY to INR 12.1 bn in Q4FY22

• EBITDA

 ▲50% YoY to INR 5.0 bn in FY22  ▼49% QoQ; ▲42% YoY to INR 819 mn in Q4FY22

• Net profit after tax2

 Loss of INR 6.5 bn in FY22 vs. loss of INR 21.8 bn in FY21  Loss of INR 2.7 bn in Q4FY22 vs INR 5.7 bn loss in Q3FY22, INR 10.0 bn loss in Q4FY21

FY22

Q4FY22

Revenue

INR bn

41.0

INR bn

EBITDA

5.0

27.3

3.3

Revenue

INR bn

12.1

9.6

7.9

EBITDA 1.6

INR bn

0.8

0.6

FY21

FY22

FY21

FY22

Q4FY21 Q3FY22 Q4FY22

Q4FY21 Q3FY22 Q4FY22

Note: 1. GMR Energy Ltd not consolidated as it is a Joint Venture and is incorporated in the Consol financial statements of GPUIL using equity method of accounting

2. From continuing operations

4

GPUIL Performance Highlights – FY22

FY22 operational performance

Q4 FY22 operational performance

Energy – PLF

Highways - Traffic growth

o Warora: 66% vs 75% YoY

o Kamalanga: 82% vs 77% YoY

o Hyderabad - Vijaywada: ▲17%

YoY

o Ambala - Chandigarh: ▼9.2%

Energy – PLF

Highways - Traffic growth

o Warora: 87% vs 88% YoY

o Kamalanga: 79% vs 75% YoY

o Hyderabad - Vijaywada: ▲2%

YoY

o Ambala - Chandigarh: ▲5.2x

QoQ*

Segmental Revenue - FY 2022**

Segmental Revenue – Q4FY 2022**

Note: *Toll Collection was suspended from Oct 12, 2020 to Dec 14, 2021 due to Farmer's Agitation in Punjab. Toll collection resumed from Dec 15, 2021

**Energy segment does not include GMR Energy Limited (GEL) as GEL is a Joint Venture

5

Energy55.1%Highways9.6%Others35.3%Net RevenueINR39.5 bnEnergy57.3%Highways9.1%Others33.7%Net RevenueINR11.7 bnGPUIL Consolidated Debt

Gross & Net Debt (INR bn) ^

83

6

77

Net Debt (Sector-wise) ^ (in INR bn, %age of total)

Others, 4 , 5%

Highways, 22 , 29%

Corporate, 36 , 47%

Gross Debt

Cash & equivalents

Net Debt

Energy, 14 , 19%

Note : FCCB not considered in debt, ^ As on Mar 31, 2022

6

Energy Business

Key Developments in Q4FY22 – Energy Business

Warora Power Project • Revenue ▲9% QoQ; ▲3% YoY

− PLF at 87% vs. 76% in Q3FY22 and 88% in Q4FY21

• EBITDA ▲20% QoQ; ▲25% YoY • Cash profit of INR 393 mn vs. INR 426 mn in Q3FY22 and INR 103 mn in Q4FY21

Kamalanga Power Project • Revenue ▼2% QoQ;▲16% YoY

− PLF at 79% vs.83% in Q3FY22 and 75% in Q4FY21

• EBITDA ▲2% QoQ; ▲11% YoY • Cash profit of INR 1.6 bn vs. INR 1.4 bn in Q3FY22 and INR 1.1 bn in Q4FY21

Bajoli Holi Hydro Power Project • Project successfully commissioned and achieved COD on March 28, 2022

8

GMR Energy Ltd (GEL) - Operational & Financial Highlights YoY

(figures in INR mn)

Note: Considered 100% of Kamalanga financials for GEL Consolidated Proforma

• GEL Net Debt : INR 91 bn as of March 31, 2022

Note: GMR Energy Limited’s (GEL) is a Joint Venture and is not consolidated in GPUIL results

9

Q4FY2021Q4FY2022Q4FY2021Q4FY2022Q4FY2021Q4FY2022Q4FY2021Q4FY2022Revenue9,92011,7204,0284,1685,5806,488140140EBITDA 3,200 3,687 1,037 1,297 2,166 2,394 150 150 Interest2,8482,7489509571,3481,2024030PAT (630) 1,820 (142) 102 289 760 20 - PLF %88%87%75%79%18%18%FY2021FY2022FY2021FY2022FY2021FY2022FY2021FY2022Revenue37,79040,61014,77312,99421,89024,648540510EBITDA 11,773 11,633 4,203 3,235 7,575 8,326 610 560 Interest11,75511,1963,9063,8285,5995,008180170PAT (9,370) (2,580) (633) (487) (363) 1,415 110 70 PLF %75%66%77%82%17%16%GEL Consolidated Proforma KamalangaWaroraSolarParticularsCoal Assets - PT GEMS Performance YoY

(figures in INR mn)

• Production ▼27% YoY to 7 mn tons in Q4FY22 due to unseasonal rain. FY22 Production ▼13% YoY • Sales volumes ▼29% YoY in Q4FY22 due to lower production. Sales volume for FY22 ▼13% YoY • Realisation ▲2.7x YoY to USD 79.8/ton in Q4FY22 from USD 29.7/ton in Q4FY21 due to increase in

the global coal prices

• EBITDA per ton increased from USD 5.0/ ton to USD 30.7/ ton in Q4FY22 - ▲USD 25.7/ton YoY, due

to higher realization

• Cash balance is at INR 14.4 bn at the end of Q4FY22

Significant Improvement in Indonesian coal prices have resulted in better profitability

 Record dividend payment of USD 300 mn in CY21; Subsequently, paid USD 110 mn in January 2022  Dividend payment in 2021 was the highest in company’s history equivalent to over 80% of the profit

Note: Financials at 100% level and considered at a lag of 3 months for GPUIL Consolidated results; Considered INR/ USD of 73.8 in Q4FY21, 74.5 in Q4FY22, 74.1 in FY21, 73.9 in FY22

10

Q4FY2021Q4FY2022FY2021FY2022Sales Vol. (mn tons)9.46.634.029.5Revenues20,47339,35478,620117,173EBITDA3,47115,11311,29436,179PAT 2,255 11,450 7,100 26,156 ParticularsGolden Energy MinesTransportation and Urban Infrastructure Business (T&UI)

Highway Business - Key Developments

Hyderabad Vijayawada Project • Traffic ▲2% YoY to 11.2 Mn PCUs in Q4FY22. On a QoQ basis, traffic remained flat in Q4FY22

− On February 28, 2022, Sole Arbitrator has released his report on the claim quantification under

Change-in-Law and awarded gross claim of INR 16.7 bn

− The report submitted by Sole Arbitrator was taken on record and the matter will be listed for

hearing before Delhi High Court

Ambala Chandigarh Project • Traffic was impacted due to farmer’s agitation from 12-Oct-2020 until 14-Dec-2021

− Toll collection has been resumed on December 15, 2021 since the farmers’ agitation called off − Declared Force Majeure (FM) under the Concession Agreement (CA) and has notified NHAI − As per the CA, SPV is entitled to compensation for FM event by way of extension in concession

period, reimbursement of O&M cost, etc.

− Claim for FM (upto September 30, 2021) has been filed. SPV has received adhoc payment from NHAI. Balance claim amount is under verification and is expected to be received in due course

12

Highway Business - Key Developments

Chennai ORR Project • GCORR received an award of INR 3.4 bn plus interest against Government of Tamil Nadu (GOTN)

which was challenged by GOTN in Madras High Court − Single Bench, Madras High Court upheld Tribunal Award and dismissed the challenge of GOTN − Further, High Court awarded 9%pa interest on pre-award claim − SPV has filed the execution petition in High Court to realize the decretal amount which will be

taken up in the Court during June 2022

Pochanpalli Project • SPV challenged Arbitral Tribunal’s award in Delhi High Court, on the interpretation of the Major Maintenance Clause (as per Concession Agreement) and rejection of claims for reimbursement of Major Maintenance cost incurred by the SPV − Delhi High Court in its order (April 2022) held that SPV is entitled to reimbursement of Major Maintenance cost incurred as the same was not warranted since the roughness index of Project Highway was below 2000 mm/km (which is permissible as per Concession Agreement)

− Delhi High Court also directed NHAI to release wrongly deducted annuity amount (along with

interest) to SPV

− SPV will undertake Major Maintenance on the Project Highway as and when roughness index

goes beyond permissible threshold instead of every 5 years period

13

Highway Business Assets Performance YoY

(figures in INR mn)

Note: 1. In Ambala Chandigarh Project, Toll collection was suspended from Oct 12, 2020 to Dec 14, 2021 due to farmer's agitation in Punjab

Toll collection resumed from Dec 15, 2021

2. In Hyderabad Vijayawada Project, the revenue shown is the net revenue after setting off the NHAI’s revenue share from project’s toll revenue

14

Q4FY2021Q4FY2022Q4FY2021Q4FY2022Q4FY2021Q4FY2022Q4FY2021Q4FY2022Revenue5645790159158125228199EBITDA 474 473 (53) 80 81 (13) 202 136 Interest681676188166152100196196PAT (410) (407) (247) (221) (51) 10 6 (58)Traffic (mn PCU) 11.0 11.2 - 4.5 - - - - FY2021FY2022FY2021FY2022FY2021FY2022FY2021FY2022Revenue1,7942,130223190787631925853EBITDA 1,455 1,763 (8) (63) 356 218 374 621 Interest2,7612,735584660486415833775PAT (1,868) (1,710) (760) (883) 80 163 (454) (141)Traffic (mn PCU) 35.2 41.3 6.0 5.4 - - - - ParticularsHyderabad-VijaywadaAmbala - ChandigarhGPELChennai ORRUrban Infrastructure – Potential to Unlock Value

Krishnagiri Special Investment Region: ~1,450 Acres • ~ 259 acres under discussion for sale to an agency of Tamil Nadu Govt. • Next phase of development being planned for ~270 acres under Joint Venture with TIDCO2 • Industrial cluster catering to electronics, automobile, logistics, engineering and aerospace sectors

Kakinada Special Investment Region: ~10,400 Acres • Divestment1 of Group’s entire stake in KSEZ1 • Completed the divestment and received first tranche considerations − Received ~INR 16.9 bn out of the total consideration of INR 27.2 bn − Additionally, ~INR 10.3 bn is to be received in next 2-3 years which is contingent upon certain

agreed milestones

Note: 1 Kakinada SEZ Limited

2 Tamil Nadu Industrial Development Corporation – TIDCO is a Government agency in the state of Tamil Nadu, India

15

EPC in Dedicated Freight Corridor Projects

DFCC’s Project Network

GMR’s Scope and Highlights

Kanpur

GMR’s stretch of work

Mughalsarai

• Dedicated Freight Corridor is INR 820 bn project undertaken by DFCCIL (a wholly owned public sector undertaking of Ministry of Railways)

• Corridor under construction - Eastern (Ludhiana

to Kolkata) & Western (Dadri to Mumbai)

• GMR along with JV partner has been awarded contract to construct a part of the DFC Eastern Corridor:

GMR’s Scope

Length (KMs)

Contract Value (INR Bn)

Mughalsarai to New Karchana (UP)

New Karchana to New Bhaupur (UP)

TOTAL

181

236

417

24.2

26.6

50.8

• Above section of the project is fully funded by World Bank - no anticipatory revenue risk

Status update • Construction Progress: Physical progress of ~81% for package 201 and ~92% for package 202 is

completed as of April 30, 2022

• Presently, approved Project completion timelines is until Sept 2022

16

Strategy and Way Forward

India’s Energy Sector is Undergoing a Paradigm Shift

A

Renewables: Sharp growth expected in upstream renewable generation

B EV Infrastructure: Exponential growth in charging stations as

EV penetration grows

175 GW

Target for 2022

500 GW

Target for 2030

Rooftop Solar 40 GW

Utility Solar 60 GW

Wind 60 GW

Others 15 GW

100%+ CAGR

2.5-3k

80-100k

# charging stations (2021)

Projection (2025)

Central & state governments providing strong tailwinds through subsides, fast-track clearance, mandatory %EV in fleets, etc.

C

Green Hydrogen: India to become major hub for Green Hydrogen production and exports

2050 Green H2 projections

Cost of Green H2 expected to decrease significantly

20 MT

~ $4/kg

~ $2/kg

(FY20)

(FY50)

D

Distribution & Smart metering: High potential as focus on reducing AT&C loses via private sector participation and deploying smart meter continues

n o i t u b i r t s i D

e s i h c n a r F

2020 market size

$95B

2020 Share of private players

7-8%

45% Europe & Central Asia

t r a m S

g n i r e t e M

25 Cr by 2025

(Govt. ambition)

National Green Hydrogen Policy with 10-20% target green hydrogen consumption in select sectors already launched

Poor financials for State discoms  private sector participation getting promoted by government; upcoming Electricity Amendment Bill to delicense sector

 Power trading expected to grow by 2X to become a $13B+ industry by 2026  Other green energy businesses (EEaS, CCUS, etc.) also expected to mirror sharp growth seen in

developed markets

Sources: IHS, Niti Aayog, TERI, etc.; EEaS = Energy Efficiency as a Service; CCUS = Carbon Capture, Utilization and Storage

18

We Aim to be a Top Tier Cognitive Intuitive Clean Energy Company

3 pillars of our strategy going forward

Enhance value of our existing businesses

• Aim for higher

utilization of asset & efficiency improvement measures

• Tie up open capacities - innovative PPA models including RTC

• Operational efficiency improvement of thermal plants

• Operationalize gas

assets

Create value in exciting adjacent areas

• Embrace technology led

• Selectively foray into

solutions

customer facing businesses

• Scale power trading

business by offering new products & services, diversify customer base

• Enhance value through differentiated service offerings using new-age technology solutions

Nurture & develop new opportunities in the green ecosystem

• Continue focus on hydro & explore additional opportunities like hybrid power solutions

•

•

Explore distributed segments like electric mobility & storage solutions

Enhanced focus on carbon neutrality as a service

19

Clearly Defined Strategies to Capitalize on the Attractive Industry Prospects

Highways

 Expedite the receipt of arbitration claims  Monetize the existing assets in phase wise manner

Krishnagiri SIR

 Conclude the current monetization efforts:

 ~240 acres under sale to an Indian Multinational  ~ 259 acres under discussion for sale to an agency of Tamil Nadu Govt.  Next phase of development being planned for ~270 acres under Joint

Venture with TIDCO

 Target Industrial players in electronics, automobile, logistics, and

engineering sectors

EPC

 Grow on asset light mode through railways EPC  Continue growing the order book  Participation in railway stations development bids through PPP

20

To Operationalise the Strategy We Envision to Follow 5 Overarching Principles

Principles

`

High focus on innovative, asset- light, platform-based and technology- oriented business models

Deploy efficient capital structure and access green financing

Enter strategic partnerships with global reputed majors and institutes of excellence

`

Invest in emerging start-ups in cleantech ecosystem where there are potential synergies

Build on our group’s strengths and leverage infrastructure assets and businesses of the group as a launch pad for new offerings

21

ESG Practices

ESG - GPUIL

Environment

• GKEL, GWEL and Bajoli Holi are ISO 14001 certified Environmental

Management System (EMS)

• GKEL and GWEL have ISO 50001 in place • GKEL quantifies Carbon sequestration from plantation initiatives

while GWEL is in process of doing so

• Biodiversity measures in terms of tree plantation and landscaping

have been adopted

• GWEL has implemented Water Efficiency Management System (ISO

46001)

• DFCC has an ISO 14001 certified Environmental Management

System (EMS)

• Trial of plastic waste use for road laying in process • Refabrication of damaged material for reuse in road safety work • All businesses have taken measures to reduce energy consumption

or use clean energy

Profits

CSR thrust areas

Health

Education

Empowerment and livelihoods

Community Development

CSR Spend (FY21-22) - Rs 4.47 Cr. Total beneficiaries - Over 1 Lakh

People

Governance

• Learning and Development

• There were 77 business organized training and 127 corporate

trainings conducted in FY22

• 9730 work hours of training provided covering 613 unique permanent employees in the FY 2021-22, with 73% coverage

• Strict governance principles through guided values of

the

organization and all the secretarial compliances in place

•

Internal audits, MAG audits keep processes very transparent

• Regular Board meetings conducted to keep Board updated on all

aspects

• Periodic training of employees on the CoC guidelines

• Risk management framework and governance process, including

SOPs around risk assessment and mitigation

23

Thank You

For further information, please visit

Website: www.gmrgroup.in or

Contact: investor.relations@gmrgroup.in

Annexures

Annexures

Particulars

Profitability Statement (Consolidated)

Financial Performance

•

Energy Sector (Consolidated)

• Warora (Standalone)

•

•

Kamalanga (Standalone)

PT GEMS (Indonesian Coal Mine)

• Highways Sector (Consolidated)

No.

A

B

C

D

E

F

26

Annexure A : GPUIL (Consolidated)

27

INR mnQ4FY2021Q3FY2022Q4FY2022FY2021FY2022Gross Revenue7,879 9,641 12,110 27,332 41,018 Less: Revenue Share386 410 412 1,241 1,516 Net Revenue7,493 9,231 11,698 26,091 39,502 Total Expenditure6,919 7,620 10,879 22,782 34,547 EBITDA575 1,611 819 3,309 4,955 EBITDA margin8%17%7%13%13%Other Income1,596 428 610 3,281 1,799 Interest & Finance Charges4,752 3,280 3,460 15,295 13,545 Depreciation325 316 438 1,229 1,282 PBT before exceptional items(2,906) (1,557) (2,470) (9,934) (8,073) Exceptional Income/(Expense)(5,855) (3,640) (1,579) (8,806) 151 PBT(8,760) (5,197) (4,049) (18,740) (7,922) Tax44 102 448 239 1,055 Profit after Tax (PAT)(8,804) (5,299) (4,497) (18,979) (8,977) Add: Share in Profit / (Loss) of JVs / Associates (1,203) (439) 1,772 (2,866) 2,462 PAT from Continuing Operations(10,007) (5,737) (2,725) (21,845) (6,515) Add: Profit / (Loss) from Discontinued 24 (0) (0) (0) (0) Add: Other Comprehensive Income (OCI)(499) (71) (114) (80) 56 Total Comprehensive Income(10,482) (5,808) (2,838) (21,925) (6,460) Less: Minority Interest (MI)(953) (155) (583) (1,245) (24) Total Comprehensive Income (Post MI)(9,530) (5,654) (2,256) (20,680) (6,436) Annexure B : Energy Business (Consolidated)

28

INR mnQ4FY2021Q3FY2022Q4FY2022FY2021FY2022Gross Revenue1,969 5,223 6,698 10,234 21,751 Operating Expenditure2,160 5,075 6,988 10,517 21,721 EBITDA(191) 148 (290) (284) 30 EBITDA margin-10%3%-4%-3%0%Other Income400 210 131 1,230 693 Interest & Fin Charges551 592 697 2,934 2,403 Depreciation9 17 13 36 52 Exceptional Income/(Expense)32 (640) (1,493) (1,665) 3,237 PBT(318) (890) (2,362) (3,688) 1,506 Taxes41 88 508 150 1,055 Profit after Tax (PAT)(359) (978) (2,871) (3,838) 450 Add: Share in Profit / (Loss) of JVs / (1,207) (429) 1,772 (2,880) 2,459 PAT (After share in JVs/Associates)(1,567) (1,407) (1,099) (6,718) 2,910 Annexure C : Warora (Standalone) Power Plant

Note: Financials are at 100% level

29

INR mnParticularsQ4FY2021Q3FY2022Q4FY2022FY2021FY2022Total Revenue4,028 3,825 4,168 14,773 12,994 Fuel - Consumption2,308 2,323 2,348 8,443 7,733 Other Expenses 682 417 523 2,127 2,026 EBITDA1,037 1,084 1,297 4,203 3,235 EBITDA margin26%28%31%31%25%Other Income15 312 53 60 1,088 Interest & Finance Charges950 970 957 3,906 3,828 Depreciation289 297 291 1,198 1,177 PBT(186) 129 102 (840) (682) Taxes(44) - - (207) (195) PAT(142) 129 102 (633) (487) Annexure D : Kamalanga (Standalone) Power Plant

Note: Financials are at 100% level

30

INR mnParticularsQ4FY2021Q3FY2022Q4FY2022FY2021FY2022Total Revenue5,580 6,627 6,488 21,890 24,648 Fuel - Consumption2,469 3,139 2,950 10,732 11,959 Other Expenses 945 1,143 1,144 3,583 4,364 EBITDA2,166 2,346 2,394 7,575 8,326 EBITDA margin39%35%37%35%34%Other Income275 339 360 846 1,319 Interest & Finance Charges1,348 1,254 1,202 5,599 5,008 Depreciation786 810 792 3,166 3,219 PBT307 621 760 (344) 1,417 Taxes19 - - 19 2 PAT289 621 760 (363) 1,415 Annexure E : PT GEMS (Indonesian Coal Mine)

Note: Financials are at 100% level; GMR owns 30% stake

31

INR mnParticularsQ4FY2021Q3FY2022Q4FY2022FY2021FY2022Production (mn tons)9.5 5.5 7.0 33.5 29.1 Sales Volumes (mn tons)9.4 5.7 6.6 34.0 29.5 Gross Revenue20,473 23,956 39,354 78,620 117,173 Total Expenditure17,001 18,000 24,240 67,326 80,993 EBITDA3,471 5,955 15,113 11,294 36,179 EBITDA margin17%25%38%14%31%Interest & Finance Charges (net)168 235 158 596 768 Depreciation440 478 325 1,282 1,363 PBT2,864 5,242 14,631 9,417 34,048 Taxes609 1,255 3,181 2,317 7,892 PAT2,255 3,987 11,450 7,100 26,156 Annexure F : Highway Business (Consolidated)

32

INR mnQ4FY2021Q3FY2022Q4FY2022FY2021FY2022Gross Revenue1,336 1,348 1,474 4,969 5,319 Less: Revenue Share386 410 412 1,241 1,516 Net Revenue950 938 1,062 3,728 3,803 Operating Expenses234 192 282 1,490 995 EBITDA716 746 780 2,238 2,809 EBITDA margin75%80%73%60%74%Other Income28 31 114 151 189 Interest & Finance Charges1,255 1,182 1,094 4,537 4,578 Depreciation211 235 343 794 919 Exceptional Income/(Expense)(335) - - (335) - PBT(1,057) (640) (543) (3,277) (2,499) Taxes(2) 17 (23) 105 37 Profit after Tax (PAT)(1,055) (657) (520) (3,382) (2,536)