Warm Welcome to all the Shareowners of Reliance Infrastructure Limited

82nd Annual General Meeting September 27, 2011

Forward looking statements

This presentation and the discussion that follows may contain forward looking statements by Reliance Infrastructure that are not historical in nature. These forward looking statements, which may include statements relating to future results of operation, financial condition, business prospects, plans and objectives, are based on the current beliefs, assumptions, expectations, estimates, and projections of the directors and management of Reliance Infrastructure about the business, industry and markets in which Reliance Infrastructure operates. These statements are not guarantees of future performance, and are subject to known and unknown risks, uncertainties, and other factors, some of which are beyond Reliance Infrastructure control and difficult to predict, that could cause actual results, performance or achievements to differ materially from those in the forward looking statements. Such statements are not, and should not be construed, as a representation as to future performance or achievements of Reliance Infrastructure. In particular, such statements should not be regarded as a projection of future performance of Reliance Infrastructure. It should be noted that the actual performance or achievements of Reliance Infrastructure may vary significantly from such statements.

If you can Dream it, you can do it

SHRI DHIRUBHAI H. AMBANI
Our Legendary Founder December 28, 1932 - Forever
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Performance Review

Total Income - Consolidated

16,103
G CA R 8 :2 %

4,608

FY06
All figures in Rs Crore

FY11

Total Income increased by 3.5x in 5 years

5

Net Profit - Consolidated

1,552

GR A

% 19 :

650

FY06
All figures in Rs Crore

FY11

Net Profit increased by 2.5x in 5 years

6

Networth - Consolidated
23,608
R AG C % 25 :

7,873

FY06

FY11

All figures in Rs Crore

Networth increased by 3.0x in 5 years

7

Human Capital

9,000
5,900
50%

2006

2011

Won prestigious Golden Peacock HR Excellence Award 2011

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Number of shareholders
14.5

b se ea cr In

x 13 y

1.1

FY06
All figures in Lakhs

FY11

Large family of retail shareholders over 14 lakhs

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Shareholding Activity

Bought back 38 lakh shares worth Rs 207 crore*

Converted 226 lakhs warrants @ Rs 925 Promoter holding increased to 48%

* As on September 26, 2011

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Sound Financial Status*

Consolidated Networth of Rs 24,000 crore

Consolidated Book Value of Rs 903/share

Conservatively Financed : Debt : Equity 0.55x

* As on June 30, 2011

All infrastructure projects are financially closed

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12

Distribution
Distributes 7,000 MW covering 75 lakh customers including Mumbai & Delhi Serves 2 out of 3 homes in Mumbai & Delhi Supplying reliable & uninterrupted 24X7 power Largest private power distribution player in India

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Mumbai Distribution License Renewal

License renewed for 25 years

Regulator recognized companys management and technical expertise

Acknowledged Quality services Transparent processes including Power procurement Sound financial health

Committed to serve our customers

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Mumbai Distribution
Distributes power to over 28 lakh customers AT&C losses of ~9% Uninterrupted 24X7 power : Reliability of 99.98% Modern Customer Care Single window access Most comprehensive and integrated IT implementation in the country

No Gensets

No Inverter
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No voltage stabilizer

Delhi Distribution
Distributes power to over 26 lakh customers

AT&C loss reduced from 55% to 18%

Delhi Govt. saved ~Rs 25,000 crore

Annualized savings of 20% of Delhi budget

Automation through state of the art IT

Uninterrupted 24X7 power

India Power Award 2010 for Overall Utility Performance in Urban

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Generation
Generates ~1,000 MW of power

Dahanu, only power plant running at 100% PLF from last 7 years in the country

Supplying reliable and economical Green power to Mumbai

Won 125 national and international awards

Awarded ISO 50001:2011 First plant in the world

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Reliance Power
Rosa Project

R Infra owns 38% of R Power 600 MW of operational capacity Over 20,000 MW under execution 5,000 MW of operating capacity by 2012 Largest coal resources : ~4 bn tonnes; Estimated peak production : 100 mn tonnes Committed to be a clean, green and socially responsible power company

Will emerge as largest integrated power generation & coal mining company in India
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New Business

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Roads - Opportunity
NHAI projects - 7,300 kms per year

Express way 11 projects

Mega Highways 10 projects

Rs 100,000 crore opportunity per year

PPP is the preferred model for road development

Rs 100,000 crore opportunity every year

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Roads Portfolio
Gurgaon Faridabad & Delhi - Agra Jaipur - Reengus

State
Kandla - Mundra

No of projects 6 2 1 1 2 12

Length (kms) 475 155 50 70 250 1,000

Tamil Nadu Maharashtra

Pune Satara & Mumbai Sealink

Rajasthan Gujarat

6 projects in Tamil Nadu: Namakkal- Karur Dindigul - Samyanallore Trichy - Karur Trichy - Dindigul Salem - Ulenderpet Hosur - Krishnagiri

Delhi NCR Total

12 Projects

I 1,000 kms I Investment outlay - Rs 16,500 crore

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Roads Portfolio
Diversified road projects across the country Urban centric roads High traffic growth 4 projects operational 7 additional projects to be operational in FY12 Over 6,500 people working on project sites

Largest concessionaire in road sector

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Roads - Western Freeway Sea Link Project

Bandra

Operation & Maintenance of Bandra to Worli and Development of Worli to Haji Ali Sea link Concession period : 40 years

Worli

Financial closure achieved Pre-construction activities completed Ready to start

Haji Ali

Rs 4,550 crore

I
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~12 kms stretch

Metro - Opportunity
Cities over 2 mn population to have metro/mono rail Opportunities on the horizon:

Pre-qualified - Bangalore, Jaipur, Pune Delhi & Mumbai Metro lines extension

Planning stage - Chandigarh, Kochi, Ahmedabad About 2,000 kms worth Rs 400,000 crore of metro network development over next 20 years

Source: DMRC & MMRDA Opportunity over Rs 25,000 crore every year
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Metro Portfolio
Length (kms) 23

Project

Location

Reliance Metro Airport Link

Delhi

Reliance Metro Line I

Mumbai

11

Reliance Metro Line II Total

Mumbai

32 66

Largest private developer of metro rail in the country

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Reliance Metro Airport Link - Delhi

23 kms comprising of 6 stations Connects New Delhi Railway station via Connaught Place to Airport (T3) & extends to Dwarka Fastest metro : 135 kms/hr Trains running at ~100% reliability Over 15,000 commuters travel on daily basis Airline check-in facility at stations First in India

Completed in record time of 27 months

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Reliance Metro Line I - Mumbai

12 kms elevated metro rail connecting Versova in west to Ghatkopar in east Reduction in travel time from 90 mins to 20 mins 80% of civil work completed Cable stayed bridge over Western Express Highway Current capacity : 11 lakh commuters/day Over 5,000 people working on site

Project to be commissioned in 2012

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Cement Business
Developing 5 Mn tons capacity each in Madhya Pradesh & Maharashtra

Land for projects acquired

Mining lease in place

Major plant & machineries ordered

Civil construction commenced

Synergy with group power generation

Aims to be amongst top 5 players in India

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EPC Business
Strong Order Book of Rs 28,000 crore

Over 25,000 people working at various sites

Developing 13 projects in Power and Infrastructure sector

Fully geared up to execute large infrastructure projects

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Transmission
Largest private transmission player Over half of 1,500 kms line commissioned in Gujarat & Maharashtra Transmits 4,000 MW of power in western region Four EHV station commissioned in Mumbai

Benefiting over 45 utility companies Over 3,000 people working across sites

5 Projects

10 States

I Investment outlay - Rs 6,600 crore

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Infrastructure Portfolio
Business Roads Metros
Infrastructure Businesses

No. of projects 12 3 2 5 5

Project Cost Rs Crore 16,500 17,000 4,700 500 6,600

Cement Airports Transmission

Total

27

45,000

Largest private sector infrastructure developer

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Revenue Generating Projects in FY12

Total Portfolio

Revenue Generating

27 projects

20 projects

75% of projects will generate revenue in FY12

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Corporate Social Responsibility

Young Energy Saver initiative to sensitize young kids about energy conservation

Project Dignity : Upgradation of crematoria in Mumbai

Distribution of educational kits, schools uniforms, computers

Medical & Blood Donation camps

Energy Conservation and Energy Efficiency Programmes

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Awards & Recognition

IT
Best IT Automation Project Award by PC Quest

HR
Golden Peacock HR Excellence Award 2011 & Best Asia Employer Brands Award 2011 Awards & Recognition

Metro
Project of the Year by 2nd KPMG Infrastructure Today Awards

Quality
Best Company in Coordinating Quality Concepts

Distribution Generation
Greentech Safety Excellence Award 2011 India Power Award -2011 for Distribution business

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Summing Up
Transformed from Distribution company to Infrastructure company Largest portfolio of Infrastructure projects Leadership position across sectors Strong Balance sheet in the sector Demonstration of fast execution Huge opportunity in the sector

Well positioned to capitalize on future growth opportunities

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Our journey has only just started

Now we are all set to capitalize the opportunities in infrastructure sector

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Thank you