GMR Infrastructure Ltd

GMR Infrastructure To Hold Board Meeting On 30 May 2013 The board meeting of GMR Infrastructure will be held on 30 May 2013, to consider the audited financial results for the financial year ended 31 March 2013.

Electrosteel Steels Appoints Director On 06 May 2013 Jinendra Kumar Jain is appointed as independent director of Electrosteel Steels.

First 300 MW unit of GMR`s Warora plant starts commercial generation Second 300 MW unit will be commissioned in the first half of FY14 GMR Infrastructure has informed that the first 300 MW unit of GMR Emco Energy commenced commercial generation of power. The GMR Group is establishing a 2X300 MW coal-based power project at Warora in Chandrapur District, near Nagpur. This is the group`s first coal-based power plant to commence commercial generation. The entire production is committed against power purchase agreements, which have already been signed. The 300 MW unit was synchronized with the grid on 10 December 2012. Power generated from the plant is being evacuated to Bhadravati sub-station of Power Grid Corporation of India. Work on commissioning the second 300 MW unit is in advanced stages and will be commissioned in the first half of FY14.

GMR Group enters into SPA to sell its 70% interest in GMRE to FPM Power For a total equity value of S$ 660 million GMR Group has entered into a share purchase agreement (SPA) on March 2013 to sell its 70% interest in GMR Energy (Singapore) (GMRE) to FPM Power Holdings (FPM Power) for a total equity value of S$ 660 million. Out of this, FPM Power will invest S$ 60 million in GMRE as the balance equity. This sale translates to an Enterprise Value (100% basis) for GMRE of S$1,612 million ($1,293 million) on project completion by end 2013. The transaction is subject to approval from Project Finance lenders to GMRE and is expected to close by end of March 2013. This divestment of GMR will result in a profit of Rs 1,356 crore (S$ 307 million) and releases capital amounting to Rs 1616 crore (S$ 366 million). GMRE is a company established for the construction, operation and maintenance of a 2X400 MW (gross) Natural Gas fuelled power plant on Jurong Island, Singapore. The GMRE power plant is nearly 96% complete and expected to commence operations by the end of 2013. GMR Infrastructure (Singapore) owns 66.4% of GMRE and 3.6% is held by GMR Infrastructure. The balance 30% stake in GMRE is held by PETRONAS who will continue to stay invested in the project. FPM Power is a 60:40 joint venture established between First Pacific Company (First Pacific) and MERALCO Power Gen Corporation (MPG), a wholly- owned subsidiary of Manila Electric Company (MERALCO).

Macquarie SBI to buy 74% stake in GMR Infra`s Jadcherla road project GMR Highways has signed a definitive agreement with Macquarie SBI Infrastructure Investments and SBI Macquarie Infrastructure Trust (`Macquarie SBI`) to divest 74% stake in GMR Jadcherla Expressways (`GJEL`), subject to customary closing conditions. GJEL is operating the Farukhnagar-Jadcherla highway in Andhra Pradesh, under a concession agreement signed with NHAI. The project commenced commercial operations in February 2009. GMR Group will receive consideration of about Rs 195 crore immediately and about Rs 11 crore on completion of certain conditions totaling to Rs 206 crore for the sale of 74% stake. The original invested capital for the corresponding 74% stake was about Rs 146 crore. Macquarie SBI, which is one of the largest India focused infrastructure funds has expanded its roads portfolio with this investment and has a well- diversified portfolio with assets in the telecom towers, airports, power, roads and renewable energy sectors. Kotak Investment Banking was the exclusive financial advisor to GMR Highways for the transaction.

GMR synchronizes first unit of Kamalanga Thermal Power Plant On 27 January 2013 The first unit of GMR Group`s 3x350 MW coal based power project at Kamalanga, near Dhenkanal in Odisha, was successfully synchronized with the central grid on 27 January 2013.

GMR Infrastructure to announce Q3 results Board meeting on 08 February 2013 The board meeting of GMR Infrastructure will be held on 08 February 2013 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 31 December 2012 (Q3).

GMR Infrastructure`s arm terminates concession agreement with NHAI For six laning of 555 Km highway GMR Infrastructure has announced that GMR Kishangarh Udaipur Ahmedabad Expressways, a subsidiary of the company, has terminated the concession agreement entered into with National Highways Authority of India (NHAI) for six laning of 555 Km Kishangarh - Udaipur -Ahmedabad highway.

GMR Infrastructure - Revision of Development Fee at IGIA With Effect From 01 January 2013 Based on the approvels from Ministry of Civil Aviation / Airports Economic Regulatory Authority and also as ratified by the Supreme Court, development fees is being leived at Indira Gandhi International Airport, New Delhi at Rs 200 per embarking domestic passenger and Rs 1300 per embarking international passenger.

GMR highways commissions two projects well before time The group now has a portfolio of 8 operating highways GMR Infrastructure is delighted to inform the commencement of commercial operations of the Hyderabad - Vijayawada section of national highway 9 and the Hungund - Hospet section of national highway 13. With the commencement of these two projects, the group has now a portfolio of eight operating highways. The two new projects are expected to generate revenue in the range of Rs 75 to 80 lakhs per day for the former and Rs 18 to 20 lakhs per day for the latter. The Hyderabad - Vijayawada project was awarded through an international competitive bidding by NHAI on a DBFOT basis with a concession period of 25 years including a construction period of 2.5 years. The four laning of the 181.5 km stretch has been completed as per requirements and also opened for traffic. With the completion of four laning of Hyderabad - Vijayawada section of NH-9, the distance of 260 km will be covered in less than 5 hours compared to 6 to 8 hours prior to the construction. Six new bypasses are developed around the towns of Narketpally, Nakrekal, Kodad, Akupamula, Sher Mohammed Peta and Navabpet which aid in decongesting the towns. Construction of the flyovers, Vehicular underpasses, pedestrian underpasses at various locations and bypasses listed above not only provide faster connectivity but also enhances safety and fuel efficiency of vehicles significantly reducing accidents, travel time and vehicle operating costs. Other facilities include service roads on urban stretches of Chittyala, Choutapal, and Suryapet, Truck lay byes, Bus bays with shelters and rest areas for road users. Also, 24 hour ambulance and emergency support services are provided for road users. The Project highway is part of the NH-9 connecting Mumbai/Pune in Maharashtra with Machilipatnam in Andhra Pradesh en-route connecting the two major economic hubs of Andhra Pradesh namely Vijayawada and Hyderabad which are witnessing multi-fold growth. It is also a vital facilitating east-west traffic movement connecting the two segments (Mumbai - Chennai and Chennai - Kolkata) of Golden Quadrilateral. Thus the highway is expected to provide stimulus to the local pharma and cement industries apart from the local agricultural produce and poultry farms. The corridor shall play a vital role in the economic development of the region. Apart from providing faster connectivity, the Hungund - Hospet highway also enhances safety and fuel efficiency of vehicles. Facilities developed as part of the project include vehicular underpass, passenger underpass, bus shelters and truck lay-bys. Other user facilities include 24 hour ambulance and emergency support services. The project highway is part of the NH-13 connecting Sholapur in Maharashtra and Mangalore in Karnataka and provides connectivity between mineral rich and highly industrialized districts of Karnataka and rest of India thus carrying heavy commercial traffic. It also links the local industry with Mangalore and Karwar ports for export. Thus the highway is expected to provide stimulus to the local steel, fertilizer and chemical industries. This project will also boost the tourism to Hampi, Kishkindha, Bellary Fort, Badami etc. The corridor shall play a vital role in the economic development of the region.

First Unit of GMR`s Warora Plant Synchronized On 10 December 2012 The first unit of GMR Group`s 2X300 MW coal based power project at Warora, near Nagpur in Maharashtra, has successfully synchronized with the grid on 10 December 2012.

GMR Infrastructure`s subsidiary commences partial toll collection On partial completion of the 4 laning road project GMR OSE Hungund Hospet Highways, a subsidiary of GMR Infrastructure, which is executing the 4 laning road project of Hungund - Hospet section of NH-13 on Toll Basis under NHDP - Phase III (in the State of Karnataka), has commenced partial toll collection based on partial completion of the project ahead of schedule. Toll collection has started at two out of three toll plazas of the project.

Lantana Properties & GMR Hyderabad Airport Power Distribution become subsidiary of GMR Infra GMR Infrastructure has announced that Lantana Properties and GMR Hyderabad Airport Power Distribution have become the subsidiaries of GMR Infrastructure in accordance with the provisions of the Companies Act, 1956.

GMR Infrastructure appoints additional directors With effect from 12 November 2012 The board of GMR Infrastructure in its meeting on 12 November 2012 has approved the appointment of S Rajagopal as non-executive independent director and K V V Rao as non-executive non-independent director (additional directors) of the company with effect from 12 November 2012.

GMR Infrastructure to announce Q2 results Board meeting on 12 November 2012 The board meeting of GMR Infrastructure will be held on 12 November 2012 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 30 September 2012 (Q2).

GMR Infrastructure appoints additional directors The board of GMR Infrastructure in its meeting on 11 September 2012 has approved the appointment of G M Rao as executive chairman of the company for a period of five years with effect from 18 October 2012. The board has approved the appointment of Vijaya Mohan Ram and S Sandilya as additional directors of the company.

GMR Infrastructure to raise funds The board of GMR Infrastructure in its meeting on 09 August 2012 has approved raising of funds through issue of equity shares/ GDRs/ ADRs/ FCCBs and/ or other securities for an amount not exceeding Rs 2,500 crore through qualified institutional placement, follow on offer and/ or private placement etc, subject to the approval of the shareholders.

GMR Infrastructure to announce Q1 results On 09 August 2012 The board meeting of GMR Infrastructure will be held on 09 August 2012 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 30 June 2012.

GMR Infrastructure allots debentures The committee of GMR Infrastructure on 19 June 2012 has allotted 1000 secured non-convertible debentures of face value of Rs 10,00,000 each, aggregating to Rs 100 crore to ICICI Bank.

Asteria Real Estates becomes subsidiary of GMR Infrastructure GMR Infrastructure has announced that Asteria Real Estates has become subsidiary of GMR Infrastructure in accordance with the provisions of the Companies Act, 1956.

GMR Infrastructure allots debentures The committee of GMR Infrastructure on 16 May 2012 has allotted 2000 secured non-convertible debentures of face value of Rs 10,00,000 each, aggregating to Rs 200 crore to ICICI Bank.

GMR Infrastructure to announce financial results On 29 May 2012 The board meeting of GMR Infrastructure will be held on 29 May 2012 to consider and approve the audited financial results (consolidated and standalone) of the company for the financial year ended 31 March 2012.

GMR Infra allots NCDs To ICICI Bank The Debenture Allotment Committee of Board of Directors of GMR Infrastructure has allotted 3500 Secured Non-Convertible Debentures of face value of Rs. 10,00,000 each, aggregating to Rs 350 Crore to ICICI Bank Limited on 11 April 2012.

GMR Infrastructure allots secured non-convertible debentures On 24 February 2012 The debenture allotment committee of GMR Infrastructure on 24 February 2012 has allotted 3,500 secured non-convertible debentures of face value of Rs 10,00,000 each, aggregating to Rs 350 crore to ICICI Bank.

GMR Infrastructure to announce Q3 results Board meeting on 07 February 2012 The board meeting of GMR Infrastructure will be held on 07 February 2012 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 31 December 2011 (Q3).

GMR Energy commissions 25 MW solar power plant in Gujarat GMR Energy, a subsidiary of GMR Infrastructure has announced the commissioning of 25 MW Solar Power Plant at Patan District in Gujarat. This plant also marks GMR Group`s foray into renewable energy space.

GMR Infrastructure completes share transfer to Petronas in Singapore subsidiary GMR Infrastructure (Singapore), subsidiary of GMR Infrastructure has completed the transfer of 30% of shares in its Singapore based subsidiary GMR Energy (Singapore) to Petronas Power Sdn Bhd, a subsidiary of Petronas International Corporation.

GMR adds 384 MW to Andhra Pradesh Grid GMR Infrastructure has announced that the first unit of GMR Rajahmundry Energy`s combined cycle power plant at Vemagiri in Andhra Pradesh was synchronized on Sunday night (11 December 2011), adding 384 MW capacity to the Andhra Pradesh grid. The GMR Group is setting up the 2x384 MW capacity Combined Cycle power plant adjacent to its existing plant located at Vemagiri. The first unit has been commissioned in a record time of 24 months. The second unit is expected to be commissioned by February 2012. This GMR project was identified as a XI Plan project and accordingly was shortlisted for gas allocation by the Government of India. It is expected that gas will be made available to this project shortly. The company has made this announcement on 12 December 2011.

GMR Infrastructure appoints additional directors With effect from 09 November 2011 The board of GMR Infrastructure in its meeting on 09 November 2011 has approved the appointment of N C Sarabeswaran, independent director and K Balasubramanian, non-independent director as additional directors of the company with effect from 09 November 2011.

GMR Infrastructure to announce Q2 results Board meeting on 09 November 2011 The board meeting of GMR Infrastructure will be held on 09 November 2011 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 30 September 2011 (Q2).

GMR ties-up with Petronas in GMR Energy (Singapore) GMR has agreed to sell a 30% stake in GMR Energy (Singapore) to Petronas International Corporation (PICL), a wholly-owned subsidiary of Petronas, subject to approval of lenders. GMR is developing an 800 MW Combined Cycle Gas Turbine Power Plant on Jurong Island, Singapore. The power generating facilities, featuring Siemen`s latest F-class gas turbines, will be designed and constructed by a consortium consisting of Siemens and Samsung. Fueled by re-gassified LNG, the power plant is scheduled for commercial operations in 2013. GMR Supply Singapore, a wholly-owned subsidiary of GMR Energy (Singapore), holding an electricity retail license in Singapore will manage the electricity retail business.

GMR Infrastructure appoints new managing director With effect from 01 October 2011 The board of GMR Infrastructure has accepted the resignation Srinivas Bommidala as managing director of the company with effect from 01 October 2011. He will continue as a director on the board of directors of the company. The board has approved the appointment of B. V. Nageswara Rao as managing director of the company with effect from 01 October 2011.

GMR Infrastructure to announce Q1 results Board meeting on 09 August 2011 The board meeting of GMR Infrastructure will be held on 09 August 2011 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 30 June 2011 (Q1).

GMR Infrastructure to announce financial results Board meeting on 30 May 2011 The board meeting of GMR Infrastructure will be held on 30 May 2011 to consider and approve the audited financial results (consolidated and standalone) of the company for the financial year ended 31 March 2011.

GMR Infrastructure to announce Q3 results Board meeting on 09 February 2011 The board meeting of GMR Infrastructure will be held on 09 February 2011 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 31 December 2010 (Q3).

GMR Infrastructure`s subsidiary enters into share subscription & shareholders agreement To subscribe 51% equity share capital of Kakinada SEZ GMR Infrastructure has announced that GMR SEZ & Port Holdings, a subsidiary of GMR Infrastructure has entered into a share subscription and shareholders agreement on 24 December 2010 to subscribe to 51% of the equity share capital of Kakinada SEZ (KSPL). KSPL is in the business of developing port based multi product Special Economic Zone at Kakinada, Andhra Pradesh.

GMR Group achieves financial closure of GMR Male International Airport GMR Male International Airport (GMIAL), a subsidiary of GMR Infrastructure has achieved financial closure for the project to modernize, expand and operate the Male International Airport. Earlier this year on 24 June 2010, the consortium led by GIL with Malaysia Airports Holdings Berhad (MAHB) had won the concession for the Male Airport for a period of 25 years. GMIAL is the special purpose vehicle formed in Maldives, pursuant to the concession in which the stake of GIL and MAHB is 77% and 23% respectively. The total cost of the modernization and expansion project, estimated at US$ 511 million, is being funded through a combination of debt and equity in the ratio of 70:30. The debt component of US$ 358 million has been tied up with Axis Bank, Singapore Branch, who is acting as the sole underwriter and mandated lead arranger for the entire debt facility. The debt has a door to door tenure of 12 years with ballooning repayment over 7 years commencing from June 2015. Axis Bank is also acting as Security Trustee and Facility Agent whereas State Bank of India, Male Branch is acting as Account Bank for the debt facility. The company made this announcement during the trading hours today, 25 November 2010.

RBI enhances limit of FIIs of GMR Infrastructure GMR Infrastructure has announced that the Reserve Bank of India (RBI) has enhanced the limit for the purchase of equity shares and convertible debentures of GMR Infrastructure by Foreign Institutional Investors (FIIs) through primary market and stock exchanges under the Portfolio Investment Scheme (PIS) upto 35 per cent of its total paid up capital.

GMR Infrastructure to announce Q2 results Board meeting on 09 November 2010 The board meeting of GMR Infrastructure will be held on 09 November 2010 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the second quarter and half year ended 30 September 2010 (Q2).

GMR Infrastructure to announce Q1 results Board meeting on 07 August 2010 The board meeting of GMR Infrastructure will be held on 07 August 2010 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 30 June 2010 (Q1).

GMR Infrastructure wins the bid to expand & operate Male International Airport GMR Infrastructure (GIL) has announced that it has won the bid to build, operate, modernise and expand the Male International Airport (MIA). MIA is the gateway to Maldives and is one of the fastest growing airports in the region. It is situated on Huhule Island in the politically stable archipelago of Maldives at the South Western tip of India, MIA is the biggest airport in Maldives. This is the second airport that GMR has taken up in Maldives as they has previously signed a MOU with the Government of Maldives for modernization and operation of the Hanimaadhoo airport situated in the Northern islands of Maldives. The company made this announcement after the trading hours on 24 June 2010.

Investors led by IDFC Group sign agreement to invest Rs 465 crore in GMR Energy GMR Energy, a subsidiary of GMR Infrastructure has signed a shareholders' agreement to raise capital from investors led by IDFC Group for its energy expansion plans. IDFC Private Equity steered this investment process. The IDFC Group and co-investors, Argonaut Ventures and Ascent Capital have signed a shareholders' agreement to invest Rs 465 crore into GEL. The funds from the IDFC Group led investors will support the company in expanding its power generation capacity from 808MW to more than 6,500MW over the next few years. The company has already achieved financial closure and fuel linkages for GMR Kamalanga (1,050 MW capacity, which is being enhanced to 1400 MW and EPC contract for the expansion is finalised with SEPCO, China, who are also the EPC contractors for 1050 MW capacity) and Emco Energy (600MW). Several other projects are also in an advanced development stage. The company made this announcement after the trading hours on 03 June 2010.

GMR Infrastructure appoints Srinivas Bommidala as MD With effect from 24 May 2010 The board of GMR Infrastructure in its meeting on 24 May 2010 has accepted the resignation of G.B.S. Raju as managing director of the company with effect from 12 May 2010. He continues as a director on the board of directors of the company. The board has appointed Srinivas Bommidala as managing director of the company with effect from 24 May 2010. Further, the board has approved raising funds through issue of equity shares / GDRs / ADRs / FCCBs and / or other securities for an amount not exceeding Rs. 5000 crore.

GMR Infrastructure to raise funds Board meeting on 24 May 2010 The board meeting of GMR Infrastructure will be held on 24 May 2010 to consider raising of funds through issue of equity shares or convertible debentures or FCCBs or any other securities.