Corporate Dossier

ADANI Group of Companies

Contents 1. Organizational Overview 2. ADANI ENTERPRISES LTD. 3. ADANI POWER Ltd. 4. MUNDRA PORT AND SPECIAL ECONOMIC ZONE 5. ADANI PETRONET(DAHEJ) PORT PVT LTD 6. ADANI LOGISTICS LTD 7. ADANI MURMGAO PORT PVT LTD 8. HAZIRA PORT PVT LTD 9. ADANI GAS 10. ADANI AGRI FRESH LTD 11. ADANI AGRI LOGISTICS Ltd 12 . ADANI WILMAR LTD 13. ADANI POWER MAHARASTRA LIMITED 14. ADANI TOWNSHIP & REAL ESTATE Co 15. ADANI WELSPUN EXPLORATION LTD 16. CHEMOIL ADANI PVT LTD

ADANI ENTERPRISES

ADANI POWER

MUNDRA PORT & SPECIAL ECONOMIC ZONE

ADANI AGRI LOGISTICS Ltd

ADANI AGRI FRESH LTD

ADANI GAS LTD

ADANI WILMAR LTD

ADANI TOWNSHIP & REAL ESTATE CO

ADANI WELSPUN EXPLORATION LTD

CHEMOIL ADANI PVT LTD

ADANI POWER MAHARASTRA LTD.

ADANI PETRONET (DAHEJ) PORT PVT LTD. 50:50

ADANI LOGISTICS LTD (100% SUBSIDIARY)

ADANI MURMGAO PORT PVT LTD

HAZIRA PORT PVT LTD

Larsen & Toubro

 Larsen & Toubro Limited, founded in 1938, is an Indian multinational conglomerate company headquartered in Mumbai, India. It has 119 subsidiaries and 23 associates which offer products and services like power, cement, ships, shipbuilding, heavy engineering, refineries, construction, electrical, financial services, defense, railway projects, turnkey projects, etc. In January 2011, it was reported that the company will be restructured into nine independent virtual companies comprising power, hydrocarbon, machinery and industrial products, switchgear, heavy engineering, infrastructure, building and factories, metals and minerals, and electrical businesses.

Key contacts A M Naik Chairman & MD Y M Deosthalee Director & CFO

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Business Structure

L& T
Engineering & Construction Electrical & Electronics
Electrical & Automation OC

Machinery & Industrial Products

Industrial Machinery & Products OC Construction Machinery OC

Others

Construction

IT

Railway Projects

Engineering Services

E&C Projects

Heavy Industry

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Sectoral Presence
Roads & Bridges Ports & Harbours Airports Railways Buildings & Factories Urban Infrastructure Water Upstream Midstream (Refineries) Downstream ( Petrochem) EPC- Coal EPC- Gas Hydro Power Nuclear Power Boilers & Turbines Balance of Plant Transmission & Distribution

Infrastructure

Hydrocarbon

Power

Mineral & Metals Bulk Material Handling Fertilizers

Construction & Mining Equipment Shipbuilding Defence & Aerospace Industrial Machinery & Products Technology Services Electrical Products

Process
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Others
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5

Segment wise sales

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Zee Entertainment Enterprises Ltd.

    Launched in 1992, it is the largest Indian media and entertainment company based in Mumbai, Maharashtra. Subsidiary of Western media corporation Turner Group. Previously known as Zee Telefims until 2006 when it was renamed to Zee Entertainment Enterprises Ltd. Zee currently operates over 15 different television channels, a cable company SitiCable, a record label Zee Records, a production company and other businesses as well. It has expanded operations abroad, with several of its channels available in the UK and U.S. as well as Africa and Asia.
Key contacts: Mr. Subhash Chandra Founder & MD Mr. Puneet Goenka CEO Mr. Hitesh Vakil CFO

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ADANI POWER LTD.

> > 100% Subsidiary of Adani Enterprises Limited Current Projects under implementation -16500 MW: [Mundra 4,620 MW (Gujarat) + Tiroda 1,980 MW (Maharashtra) + Tiroda 1,320 MW (Maharashtra) + Kawai 1,320 MW (Rajasthan) + Chhindwara 1,320 MW (Madhya Pradesh) + Dahej 2,640 MW (Gujarat) + Bhadreshwar 3,300 MW (Gujarat)]. Presently, Adani Power Limited is setting up a 4620MW Mundra Thermal Power Station. Largest Transmission Line for Power Evacution-1000 Kms, 500 kV HVDC to transmit 2500MW Included in BSE 100 : No Included in BSE 500 : Yes Outstanding Ratings : Fitch : None Care : None Icra : LBBB/Short Term A2 Crisil: Long Term BBB Opportunity : BLR / ST / LT Remarks : Key Contacts : Prabal Banerjee (CFO) Key Financials (in INR Cr): Total Income :855.57 Total Debt :9,749.10 Pat : 174 March 2011

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MUNDRA PORT AND SPECIAL ECONOMIC ZONE

Mundra Port, Indias largest private port(40 MMT in FY2010), provides cargo handling and other value added port services. Adani Petronet (Dahej) Port Limited & Adani Logistics are part of Mundra Port & SEZ. 40 km Water Front, 8 Multipurpose Cargo berths,4 Container Berths & 2 Single point Mooring operational. Largest coal import terminal in the world (60 MMTPA) commissioned. Developing 32,000 acres Port Multi Product Special Economic Zone. Included in BSE 100 : No Included in BSE 500 : Yes Outstanding Ratings : Fitch : None Care : NONE Icra : Long Term LAA/ Short TermA1+ Crisil : Long Term AA/ Short Term P1+ Opportunity : BLR / ST / LT Key Contacts : Mr. B Ravi Key Financials* (in INR Cr): Total Income :1,560.17 Total Debt :3,157.18 Pat :700.98

* MARCH 2010

ADANI PETRONET(DAHEJ) PORT PVT LTD.

Adani Petronet Port Pvt Ltd, a 50:50 joint venture between Ahmedabad based Adani group and Petronet LNG. Mechanized Solid Cargo Port Terminal of 20 MMTPA. Comprises of 2 berths with 16mts.(Depth) Strategic location: In proximity of good Rail and Road connectivity Port open for commercial operations from August 2010. Only commercial Port to be operational in past 5 years in Gujarat Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBBB+ Crisil :None Opportunity : BLR / ST / LT Remarks : Key Contacts : Key Financials (in INR Cr): Total Income : Not available Total Debt :Not Available Pat : Not Available

ADANI LOGISTICS LTD.

100% subsidiary of AEL. License for container train operations connecting all ports in India 6 rakes and 2 ICDs at Patli and Kishangarh operational. Involved in business of EXIM and Domestic Cargo movement including Automobile cargo movement. Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBBB- (Term Loan) Crisil : None Opportunity : BLR / ST / LT Remarks : Key Contacts : Mr. B Ravi (CFO) Key Financials (in INR Cr): Operating Income : 95.3 Total Debt : 371.5 Pat : 216 (loss)

* March 2010

ADANI POWER MAHARASTRA LTD.

Adani Power Maharashtra Private Limited (APMPL), a wholly-owned subsidiary of Adani Power Limited (APL), will soon be operational on its 1,320Mw (660 X 2) thermal power plant at Tiroda. Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBBB (Term Loan) Crisil :None Opportunity : BLR / ST / LT Remarks : Key Contacts : Mr. B Ravi (CFO) Key Financials (in INR Cr): Total Income : Not available Total Debt :Not Available Pat : Not Available

ADANI GAS LTD.

> > > > Distributing compressed and piped natural gas in Ahmedabad, Vadodara and Faridabad. Procures Gas from state-owned Gujarat State Petroleum Corporation (GSPC), Current status: 58 CNG Stations; 90,000 households; 450 industrial and 700 commercial connections. Steel ring network of 345 Km and PE network of 2 000 km Future operations: Khurja, Noida, Lucknow, Jaipur, & Udaipur. NOCs received from respective State.

Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBBB (Long Term)/A2(Short Term) Crisil :None Opportunity : BLR / ST / LT Remarks : Key Contacts : Mr.Dewang Desai(CFO) Key Financials (in INR Cr): Operating Income: 261.1 Total Debt : Not available Pat : 2.1 *are Financial results for the FY2010 till December 2009

ADANI AGRI FRESH LTD.

Adani Enterprises through its 100% owned subsidiary Adani Agri Fresh Ltd deals in integrated storage, handling and transportation infrastructure for fruits and vegetables in India. Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBB+ (Term Loans)/A4+ Crisil :None Opportunity : BLR / ST / LT Remarks : Key Contacts : Mr.Dewang Desai (CFO) Key Financials (in INR Cr): Total Income : Not available Total Debt :Not Available Pat : Not Available

ADANI AGRI LOGISTICS LTD.

Adani Agri Logistics Ltd. (100% subsidiary of AEL) was awarded the contract for setting up two such facilities one each at Moga and Kaithal in Harayana. Adani Agri Logistics Ltd. is responsible for development and operation of bulk food grain handling, storage and transportation facilities under BOO arrangement for FCI. Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBBB+ Crisil :None Opportunity : BLR / ST / LT Remarks : Key Contacts : Mr.Dewang Desai (CFO) Key Financials (in INR Cr): Operating Income : 97.79 Total Debt : 493.85 Pat: 0.23

ADANI WILMAR LTD.

A Rs. 2600 crore company; is a 50:50 joint venture incorporated in January 1999 between two corporations viz. Adani Enterprises Ltd. and The US $ 6 billion Wilmar Holdings Pte. Ltd of Singapore - one of the World's largest trader and refiner of edible oils. Deals in Edible oil market has Products like Fortune (Cooking Oil), Kings, Ivory, fryola Avsar, Jubilee, Bullet, Raag).

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Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : LBBB+/A2+ Crisil : None Opportunity : BLR / ST / LT Remarks : Key Contacts : Rajesh S.Adani. Key Financials* (in INR Cr): Operating Income : 6109.30 Total Debt : Not Available Pat : 15.73

* FY 2010

ADANI WELSPUN EXPLORATION LTD

65:35 JV with Welspun Group of Gujarat Awarded two onshore blocks through a consortium with majority stake in Nelp VI Awarded two onshore blocks by Govt. of Thailand A block awarded at Gulf of Suez, Egypt, in partnership with GSPC (60:40) Awarded two offshore blocks in Kutch Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : CARE AA-(SO)/PR1+(SO) Icra : None Crisil :None Opportunity : BLR / ST / LT Key Contacts : Key Financials (in INR Cr): Total Income : Not available Total Debt :Not Available Pat : Not Available

CHEMOIL ADANI PVT LTD

51:49 JV with Chemoil Energy Ltd of Singapore AEL has leased one floating barge, with an approximate capacity of 3,000 metric tons, to refuel vessels. Chemoil supplies Bunker to Ports majorly Mundra port. (Bunker is fuel for Ships) AEL is engaged in importing petroleum products, fuel oil and gas oil. Included in BSE 100 : No Included in BSE 500 : No Outstanding Ratings : Fitch : None Care : None Icra : None Crisil :None Opportunity : BLR / ST / LT Remarks : Key Contacts : Key Financials (in INR Cr): Total Income : Not available Total Debt :Not Available Pat : Not Available

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OPPURTUNITIES FOR FITCH RATINGS