Investor Presentaiton

Chennai ORR Project Highway Business - Key Developments GAR 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 Humility | Entrepreneurship I Teamwork and Relationships I Deliver the Promise I Learning and Inner Excellence I Social Responsibility | Respect for Individual 13

View entire presentation