Investor Presentaiton

Roads Road Industry Potential & Outlook • 53000 kms of NHS have been identified to be built under Bharatmala • Rs 5.35 tn earmarked for 1st phase of Bharatmala scheme (24,800 Km) • • Government "Char Dham Connectivity Scheme" Rs 1570 tn (48000 Km) Shift to EPC/HAM projects to insulate developer's risk with respect to BOT Projects, primarily related to traffic growth etc. ⚫ Toll-Operate-Transfer new PPP model introduced for monetization of road assets Particular Project Projects under Execution Project I 4-lane 53 Km road from Bilaspur to Patharapali in Chattisgarh Project II 4-lane 42 Km road from Mancherial to Repallewada in Telangana 2 Yrs Construction Period + 15 Years O&M Project Period 2 Yrs Construction Period 15 Years O&M Period Period Hybrid Annuity Model Hybrid Annuity Model Project Mode Concession Agreement Project Cost Financial Closure NHAI Grant Signed on 14th May 2018 LOA on 8th March 2019 Project III 4-lane 59 Km road from Suryapet to Khammam in Telangana 2 Yrs Construction Period + 15 Years O&M Period Hybrid Annuity Model LOA on 8th March 2019 Rs 1,140 Crs Rs 1,357 Crs Rs 1,566 Crs Completed Under Process Under Process Rs 456 Crs Rs 543 Crs Rs 626 Crs Strategy • NHAI has identified first 75 TOT projects spanning 4500 km, considering an annual toll revenue collection of Rs 2700 Crs. • NHAI and MoEF have relaxed Land Acquisition norms and ensuring 80% of Land is in possession at the time of awarding of projects. Focus on the projects across India initiated by NHAI & MORTH Target selected projects under BOT, TOT, HAM model which can offer scale and complexity to create a differentiated value . In-organic growth through M & A adani MORTH Ministry of Road Transport and Highways; PMGSY - Pradhan Mantri Gram Sadak Yojana; DFC - Dedicated Freight Corridor BOT Build-Operate-Transfer; TOT - Toll-Operate-Transfer; HAM - Hybrid Annuity Model 42

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