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Investor Presentaiton

City Gas Distribution - tapping the vast opportunity ɅSHOкЛ Large opportunity in the country as the segment is underpenetrated Cost effectiveness of CNG as a fuel compared to petrol and diesel Potential growth in the number of households using PNG which is cheaper than subsidized LPG Diversification into asset class which has stable yields ◇ Enter new segment with a smaller pilot project Maintain hurdle rate on margin and return on equity ◇ Continued focus on core business of infrastructure Successful precedent set by building a sizeable T&D business in the last decade Cautiously Expanding CGD Portfolio CGD Network in Ratnagiri, Maharashtra CGD Network in Chitradurga & Devangere, Karnataka LOI Received (Commissioned) CGD Network in Latur & Osamanabad, Maharashtra 21 21 Morgan Stanley India Infrastructure (MSII) committed to make Investment up to Rs.1,500 mn in CGD business through Private Equity route, of which first tranche of Rs.350 mn is received on 31st January, 2019.
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