Global Steel Industry and Future Outlook

7 HEG HEG Limited World Winning Quality Segmental Performance - Power in Rs. Crore Q2 FY17 Q1 FY17 H1 FY17 Net Sales 58.14 36.33 94.47 EBITDA Margin 44.32% 52.34% 47.42% EBIT Margin 38.72% 43.34% 40.50% ■ Power margins have been adversely impacted as the electricity duty exemption available to one of the two thermal units, expired in June 2016. ■Revenue is higher as hydro power plant started power generation during the quarter. It runs full capacity during the 3rd Qtr.

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