Investor Presentaiton

Business updates • GUJARAT GAS 10% volume increase in industrial category in Q1 FY'24 compared to Q4 FY'23, Striking balance between volumes and margins Highest ever CNG volumes of 2.61 mmscmd in Q1 FY'24 on the back of investments in station infrastructure (7% higher than 2.44 mmscmd in Q1 FY'23) Consumer friendly policies to help sustainable growth in CNG & PNG (residential) • APM price capped at $ 6.5 per mmbtu from 8th April 2023 • VAT reduction from 15% to 5% by Government of Gujarat • • • • GGL credit rating upgraded to AAA/Stable (highest rating level) from AA+(Positive outlook) by CRISIL in Dec 2022, India Ratings in April 2023 and Care Ratings in June 2023. Commissioned India's 1st pilot project at a CGD business for green hydrogen blending with PNG domestic supplies at NTPC Kawas township in Surat First EV charging facility commissioned at GGL's CNG station as pilot project Government of Gujarat(GoG)'s announcement of investor friendly policy Prepayment of long term loan of Rs 447 crores during FY 2023 making GGL a debt free company 6

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