confidential

Fuel sourcing/ tradingTransportationCoal Bed MethaneExploration & Production

Mutual FundsLife/ General InsuranceBroking & DistributionConsumer FinanceInvestments

Power generationCoalGasHydro

DistributionEPCTransmission TradingInfrastructure

Mobile/ Fixed wirelessBroadbandGlobalReliance World storesTelecom Infrastructure

Presence in high growth sectors - ADAG

Building strong capabilities across businesses

Movies/ Music/ GamingFilm processing/ Production/ DistributionMultiplexesFM Radio stations

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Power Business EPC Business Infrastructure

R Infra - Business Overview

Transmission

Distribution

Generation

Trading

Non Power Sector

Power Sector Roads

Metro Rail

Cement

SpecialtyReal Estate

Airports

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The StructureReliance Infrastructure Reliance

Power (45%)

Power Generation

Airports

Specialty Real Estate

PowerTransmission

TradingPower Distribution Roads Metro Rail Cement

EPC

100%

Business segmentation for focused leadership

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R-InfraGeneration - Developing pipeline of ~35,000 MW in Reliance Power

• No further capital infusion required from R Infra

Transmission - Developing 5 projects with total outlay of Rs 66 Bn

Distribution - Existing distribution businesses to grow at 4-5% pa

Power Trading - Among top 3 private players and business growing steadily

EPC Business - Healthy EPC order book of over Rs 185 Bn

Largest infrastructure company in the country4 / 46

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R InfraInfrastructure - Expanding footprint in all high growth sectors

• Roads : 11 projects• Metros: : 3 projects• Sea Link: : 1 project

Cement – Plans to set up 25 Mn tons cement capacity over next 5 years

Airports – Acquired developing and operating rights for 5 brownfield regional airports in Maharashtra

Healthy Balance Sheet to capitalize on growth opportunities

Growth at explosive pace……

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Roads

Metros

Generation

Cement

Transmission

Distribution

Airports

Specialty Real

Estate

37 Projects I 16 States I 8 Sectors

Pan India Diversified Presence

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Power Generation

Operate one-of-the-most efficient thermal plants of India

Parameter Capacity Type Off-take Arrangements

Dahanu Power Station 500 MW Thermal Mumbai Discom

Samalkot Power Station* 220 MW Combined Cycle Andhra Pradesh Grid

Goa Power Station* 48 MW Combined Cycle Goa Grid

Kerela Power Station* 165 MW Naptha Kerela State Electricity Board

Wind Farm, Karnataka 8 MW Wind Karnataka Power Transmission Corp. Ltd

Dahanu Station running at PLF of ~100% from last 6 yrs

Samalkot Station achieved PLF of 93% in FY10

Outperformance of norms leading to high ROEs

* To be transferred to R Power – Necessary approval awaited

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Project phase Capacity

Operating phase 1,033 MW

Construction phase 9,160 MW

Development phase 24,120 MW

Total 34,313 MW

Reliance Power – Project portfolio

Fuel-wise break up

Operating projects Projects under construction Projects under development

Shahapur Coal (1200 MW)

Butibori (600 MW)

Rosa (1200 MW)

Tilaiya (3960 MW)

Krishnapatnam (4000 MW)

Chitrangi (5,940 MW)

Sasan (3,960 MW)

Goa IPP (48 MW)

Kochi IPP (165 MW)

Samalkot (220 MW)

Urthing Sobla (400 MW)Dadri Gas

Shahapur Gas

Projects in Arunachal Pradesh (4220 MW)

Diversification of projects

Region-wise break up

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Western Region Strengthening System

Mumbai Transmission

Talcher II - UMPP

Parbati Koldam North Karanpura - UMPP

5 Projects I 10 States I Rs 66 Bn

Tariff Based Project

Regulated Return Project

Power Transmission Current Projects - Location

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Largest private sector distributor of power

Power Distribution

Serves 2 out 3 homes in Mumbai & DelhiServe over 5.2 million customers Distributes over 5,000 MW of power

Mumbai

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EPC BusinessOrder Book of Rs 185 Bn

R Power & Internal Power projects• 3,960 MW Sasan UMPP• 600 MW Butibori TPP*• Western Region Strengthening project,

Maharashtra and Gujarat

External Power projects• 1,200 MW Raghunathpur TPP*• 1,200 MW Rajiv Gandhi TPP* at Hisar• 500 MW Parichha TPP* BOP package

Road projects • Gurgaon Faridabad Toll Road• Jaipur Reengus Toll Road

Projects under construction• Power projects : 7,500 MW • Road projects : 120 Kms

Dedicated manpower strength of over 1,600

* Thermal Power Project

25

35

14

0

5

10

15

20

25

30

35

40

FY08 FY09 FY10

Rev

enue

(Rs

Bn)

-12345678910

EBIT

mar

gin

(%)

EBIT Margin (%)

Revenue (Rs Bn)

EBITDA (%) 9.1% 8.2% 8.6%

Infrastructure Business

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Roads Roads -- Project PortfolioProject Portfolio

11 Projects I 6 States I 968 kms I Rs 120 Bn

Jaipur Reengus Toll Road

Kandla Mundra Toll Road

Pune Satara Toll Road

Gurgaon Faridabad Toll Road

6 Road projects in Tamil Nadu:• Namakkal KarurToll Road• Dindigul Samyanallore Toll Road• Trichy Karur Toll Road• Trichy Dindigul Toll Road• Salem Ulenderpet Toll Road• Hosur Kirshnagiri Toll Road

Delhi Agra Toll Road

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Western Freeway Sea Link ProjectWestern Freeway Sea Link Project

Operation and Maintenance of Bandra to Worli Sea Link and development of Worli to Haji Ali Sea link

R Infra have tolling right of entire 11.5 kms stretch

Tolling to start by Q4 FY11

Concession agreement signed in July 10 for a period of 40 years

Construction on new phase to commence in FY11

Estimated project cost of Rs 51 Bn• Upfront payment of Rs 16.34 Bn to MSRDC

Viability gap funding of Rs 13.92 Bn

Bandra

Haji Ali

Worli

Bandra

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ProjectProject Cost

(Rs Bn)Length (Km) COD Concession

Period* ShareholdingDelhi Airport Express Link Project

24.5 23 Q3 FY11 30 Yearsa) R Infra: 95%b) CAF (Spain): 5%

Mumbai Metro – Line I 25.0 11 Q1 FY12 35 Years

a) R Infra: 69%b) MMRDA: 26% c) Veolia (France): 5%

Mumbai Metro – Line II

110.032

Within 5 years from

financial closure

35 Years^

a) R Infra: 48%b) R Com: 26%c) SNC Lavalin (Canada):

26%

Total 159.5 66

Largest & Established private player in Metro Rail

Metro Rail Metro Rail –– Current ProjectsCurrent Projects

* Including construction period ^ Could be extended for further 10 yrs

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AirportsAirports

Developing 5 brownfield regional airports in Maharashtra for a concession period of 95 yrs

Preparation of Master Plans is in final stages

At Nanded & Latur airports, passenger from 0 to 3,200 per month & have 32 commercial flights per month from nil, at the time of takeover

Nanded is now connected to Delhi, Mumbai, Nagpur and Latur

GoAir started operating Airbus A320 on Delhi-Nanded-Mumbai route with day-and-night operations

Flight Training Academy in Osmanabad by BluRay Aviation to start in Oct '10

Amritsar -Nanded direct flight to start in Oct '10