KALINDEE RAIL NIRMAN (ENGINEERS) LTD A Leading Engineering & Construction Company for Railway Infrastructure : Track, Civil, Signaling and Telecommunication

About KALINDEE 1 Executing Railway Construction Projects since 1976. The only Company which has done more than 1000 Kms of B.G. Tracks and modern Signalling at more than 800 Stations on Indian Railways. Corporate Enterprise since 1984 Sound Financial standing Vast Experience:- Railway Signalling, Telecom, Track, Bridges, Civil Works & Metro Rail Projects Turnkey Construction Capabilities Successfully completed many Challenging Projects. ISO 9001:2000 Certified Company Operations covering all parts of India Equity widely held by Indian Public. 1

Chairman and Managing Director Board of Directors Mr. R. D. Sharma Chairman and Managing Director Mr. Arvind Gemini Whole-Time Director Mr. Neeraj Kumar Singh Mr. S. K. Khanna Director Director Mr. Shanti Narayan Mr. S. P. Mehta  

Bankers State Bank of India State Bank of Patiala Yes Bank Ltd., Overseas Branch, Commercial Branch 48, Nyay Marg, Jawahar Vyapar Bhawan, Chanderlok Building Chanakyapuri 1, Tolstoy Marg, 36, Janpath New Delhi - 110021 New Delhi – 110001 New Delhi – 110001 Axis Bank ABN AMRO Bank Ltd. HDFC Bank Ltd. 2nd Floor,Statesman House “Hansalaya Building” M-39,2nd Floor, Barakhamba Road, 15,Barakhamba Road Outer Circle New Delhi-110001 New Delhi-110001 Connaught Circus, Opp. Super Bazar, New Delhi-110001 Trade Mark 3

Sector Focus Construction of infrastructure facilities for Surface Transport and Telecommunication Systems Track, Signaling and Telecommunication, Fixed Installations for Electric Traction, Civil Works Railways Metro Rail Systems Track, Signaling, Telecommunication, Access Control Systems and Automatic Fare Collection Corporate Rail Sidings, Installation and up gradation of Rail Yard, Civil Works. PORT Rail Track, Sidings, Yards, Signaling & Telecommunications, Civil Works 4

Shareholding Pattern: 31st March 2009 In percentage Promoter 17.21 Mutual Funds 9.10 Banks, FI and Insurance Companies 0.07 Body Corporate 23.13 FII’s 14.65 Indian Public 35.60 NRI/OCB’s 0.23 5

Financial Highlights 6 MILLION INR Year 04-05 05-06 06-07 07-08 08-09   Financial Highlights MILLION INR Year   04-05 05-06 06-07 07-08 08-09 TURNOVER 540.836 901.324 1881.201 2460.344 2812.236 OTHER INCOME 2.958 --- 2.740 MATERIAL COST & OTHER EXP. 492.958 820.903 1689.968 2228.216 2630.96 PROFIT BEFORE INTEREST, DEPRECIATION & TAX 50.836 80.421 191.233 252.051 174.404 DEPRECIATION 4.951 5.417 6.153 8.793 13.947 TAXATION 10.099 24.364 51.605 69.450 56.065 NET PROFIT AFTER TAX 19.715 36.092 94.415 142.160 104.392 PAID UP CAPITAL 49.458     49.458   105.204 107.274 112.248 NET WORTH 144.636 176.468 695.616 858.068 1029.552 EARNING PER SHARE (INR) 3.981 7.297 15..310 (basic) 14.930 (diluted) 13.59 (basic) 11.56 (diluted) 9.50 6  

Turnover 7

Net Profit (After Tax) 8

Financial Performance (in Million INR) 9

Special Features 10 Vast and diversified Experience Experienced Man Power Simultaneous Execution Of Several Projects spread at Different Locations Quality & “On-time” Construction Excellent Reputation with clients and others Well Known For Co-operation Amenable Attitude: No Litigation or Arbitration 10

Our CMD Mr. R. D. Sharma A modest beginning as an employee of Western Railway. Founded the Company in 1984 and piloted the same to newer heights. Pioneer in railway Construction by private agency for turnkey contracts. A well known personality in the Construction Industry and on the Indian Railways. Highly decorated with honours and awards .   Recipient of prestigious “Bharat Ratna Visvesvaraya Award” in 1987 by the President of India.   Recipient of Gulzari Lal Nanda foundation’s “NAITIK-SAMMAN” by Governor of Rajasthan on 5th August 2006. 11

Recognition Sincere efforts and performance of KALINDEE has won all round appreciation and recognition which include: Letters of Appreciation by Client Organizations Articles of Commendation by the Press Special requests by Client Organizations to Kalindee to under take works under Challenging Situations, where other companies had failed. . 12

Main Line of Business Design, Supply, Installation & Commissioning on Turn-Key basis of : Metro Rail Track Work Railway New Line & Gauge Conversion Railway Yards and Sidings Civil Works: Earthwork, Buildings, Bridges, Roads etc. Railway Safety and Signaling Systems. Fixed Traction Installations for Electric Traction Metro’s Rail Access Control and Fare Collection Systems Telecom Networks based on Optical Fiber & Copper cable Wireless Networks Microwave Towers 13

Capability for Turn-Key Construction Design, Installation, Testing and Commissioning of :- Railway Yards and Lines including Track & Turn-Outs Associated Civil Works Alterations to existing Track, Signaling and Telecom Installations Railway Signaling Installations Telecommunication Installations Railway Electrification Materials and Equipment Procurement & Supply Clearance from Ports Logistical Support Manpower, Transport, Storage and Security Liaison & Co-ordination at all Levels of executions and management. Maintenance and Warranty Support Simultaneous Management of Projects at Different Locations. Association with International Companies for ‘State of Art Technologies’ International practices for Project Management, Quality Control, Industrial Safety, Environmental Protection, Designs, Drawings and Documentation 14

Management Strengths Kalindee has acquired management capabilities to execute Projects on Turnkey basis, Several Projects involving different technologies simultaneously (Ballasted and Ballast-less Track, Railway yards, Automatic Fare Collection, GSM Radio network, Optical Fibre Communication, Signaling, Industrial Sidings, etc) Several projects at different locations Projects on time or even ahead of schedule. Kalindee can be proud of : Adequate financial strength to undertake more projects, rapidly rising Turnover- INR 1881 M (2006/ 07) expected to rise to 11000 M by 2010 Skilled and Trained Manpower Capability to augment its infrastructure to meet requirements of projects in hand 15

RESOURCES 16 Man Power Management skills Management Staff 20 Engineers 30 Supervisors 60 Technicians 350 Construction Machines And Tools Signaling, Telecommunication, Civil Works Technical skills EI, PI, RRI, CLS, AFTC, OFC, AFC, WAN & LAN, GSM Management skills Project, Finance, Manpower, Material Organizational capacity Several Projects simultaneously Sound Financial Position Turn Over 1881 M INR (2006-07 ) Reliable & Experienced Sub- Contractors Railway Approved Quality Material Suppliers Reliable & Experienced Material Transporters Good Rapport with Railways 16

Industry Overview: Indian Railways - Opportunities Indian Railways is one of the largest rail networks of the world with more than 63,300 route kms network. It constitutes the lifeline and mainstay of country’s transport infrastructure carrying about 40% of freight traffic and 20% of passenger traffic accounting for 2.3% of country’s GDP directly and several times larger with forward and backward linkages. Over the last few years, Indian Railways has managed to achieve a dramatic reinvention of its business and is presently witnessing one of the most impressive and unprecedented expansion in its history. The freight and passenger traffic on Indian Railways has been growing at average rate of 9.2% and 7% respectively during last three years and is projected even faster in coming years. Traffic growth of Railways now exceeds that of GDP - a phenomenon without precedent. It has been assessed that Indian Railways would need to spend around Rs. 2,30,000 crore (US $ 50 billion) on various capacity enhancement measures over the next 5-10 years period. In the past Indian Railways had made several attempts to rope in private participation in Joint Ventures for rail infrastructure projects which were however limited in scale and scope. The current strategy is to leverage private capital through PPPs to the maximum extent in areas which are amenable to PPPs to improve efficiencies and control costs. To begin with following projects have been identified to be implemented on PPP route: 17

Indian Railways - Opportunities A new Dedicated Freight Corridor initially covering about 2700 route kms equivalent to around 5000 track kilometers at an approximate cost of Rs. 32,000 crores (US $ 7.80 billion) linking the ports of Western India and ports and mines of Eastern India to Delhi and Punjab. World class Railway Stations particularly at Metro cities eg. Delhi, Mumbai etc. Setting up of SPV for manufacturing of locomotives / coaches / wagons. High Speed corridors on linking a few of bustling metropolises with high speed rail link to facilitate train travel over 600-1000 kms within 2 to 4 hours. Operation of container trains and construction of Private Sidings etc. Port connectivity works and other Infrastructure Projects through Rail Vikas Nigam Ltd (RVNL), New Delhi etc. 18

Indian Railways - Opportunities Dedicated Freight Corridor The biggest railway project - and India’s largest infrastructure Project approved in 2005 by committee on Infrastructure headed by Prime Minister. Construction on Rs. 600 billion project is expected to commence in early 2007-08 and will be completed in 11th Five Year Plan (2007-12) . Once completed, it would add 10,000 kms to existing rail network which is extremely significant considering that only 9625 kms has been added since 1950-51. The corridor will initially encompass western and eastern routes with about 2,700 route km (equivalent to about 5,000 km of track) Indian Railways will construct a multimodal high axle load freight corridor with computerised control with Rs. 32,000 crores approx in the first phase. This is the largest spending Railways will undertake in a decade after the ambitious Konkan Railway project. The corridor will link the ports of western and eastern India to New Delhi and Punjab. The corridor project is being implemented through a special purpose vehicle Freight Corridor Corporation of India Limited (DFCCIL) with an authorised capital of Rs. 40 billion created through a mix of engineering, procurement and construction and public-private partnership methods. Other freight corridors are to follow, leading to 11,500 km of dedicated freight corridors. 19

Railway Sidings- Opportunities All large industrial projects, power generation units, mining projects etc need Rail linkages with main Railway lines for smooth, efficient and reliable transportation of raw materials, finished goods etc. With the faster Industrial growth envisaged in line with anticipated economic growth, demand for Rail linkages, Rail yards, Rail siding etc enabling huge business opportunities in this sector. Company has already executed / commissioned such projects in the past for Mumbai port, Vishakhapatnam port, Adani port, Paradip port, BPCL, HPCL etc. Company is presently executing Rail siding projects for Reliance for their power project in Yamuna Nagar, Haryana, Vedanta for their Aluminum Project in Orissa, Dalmia (OCL) for their Cement Project in Orissa etc. 20

Metro Rail Systems - Opportunities DELHI METRO PHASE – I Mass Rapid Transport Systems (MRTS) projects are gaining momentum and is being implemented through SPV DMRC owned by Union Government and Delhi State Government. The progress of the Delhi MRTS project is notable. In all, 65 kms of Delhi Metro under Phase – I is fully operational comprising Line 1 (Shahdara-Trinagar-Rithala: 22.06 kms), Line 2 (Delhi University to Central Secretariat: 10.84 kms), Line 3 (Indraprastha – Barakhamba Road – Dwarka subcity: .32.10 kms) PHASE - II Further expansion of Delhi Metro in other parts of city and outside in NCR region is under high momentum of execution covering a length of approx. 100 km at a cost of Rs. 13000 crore approx expected to be completed in 2010. OTHER METRO PROJECTS MRTS projects of Mumbai, Bangalore and Hyderabad have already got Union Cabinet approval in March, 2006. 21

Metro Rail Systems - Opportunities Mumbai MRTS Project is to be implemented by MRDA through SPV route under BOT scheme in phases covering a length of about 145.38 kms and is expected to cost about Rs. 195.25 billion expected to be completed in 2021. In August 2004, Maharastra Government approved the implementation of first section (Versova – Andheri – Ghatkopar) of phase I on BOT through PPP model with Reliance Energy as preferred bidder and is expected to be completed by December, 2009 which started in November, 2006. Bangalore MRTS Project is to be implemented by Bangalore Mass Rapid Transit Ltd (BMRTL) through SPV created by Karnataka Govt. and is proposed to be implemented in several phases spanning about 33 kms with an estimated outlay of Rs. 6395 crores. While Karnataka Government cleared the proposal in March, 2005, Union Government gave its approval in April, 2007. Work on first elevated section of 7 kms started in December, 2006. Phase I is expected to be commissioned in December, 2007. Hyderabad MRTS Project cleared in Jan, 2007 is proposed to be implemented by a SPV Hyderabad Metro Rail Limited through PPP route on BOT basis with authorised capital of Rs. 10 billion and is expected to cost about Rs. 8760 crores. It is expected to commence in January, 2007 and is likely to be completed in 2011 with 66.39 kms long stretch. 22

Outstanding Achievements Turnkey Rail Track Contracts : (Ballast-less & Ballasted): Ballasted Track Assembly 2 Kms / Day Ballasted Track Speed Trial Run 130 Kmph Ballast-less Track work 300 m/day Turnkey Rail Infrastructure Contracts Railway Signaling Works on Contract Telecommunication Works on Contract Turnkey Railway Signaling Contracts Turnkey Telecommunication Contracts Largest Contract undertaken : On Konkan Railway Corporation for: Railway Signaling 54 stations OFC 1000 Km Track 60 Km 23

Major projects presently on hand Work value Turnkey Projects ( In Million USD) VILLUPURAM-MAYILADUTURAI (RVNL) 41.37 [121.78 kms Gauge conversion project if southern railway in JV with Tata Projects Ltd.] VEDANTA ALUMINA LTD. 12.28 [Rly. Siding for Smelter Plant at Jharsuguda, Chhatisgarh] RELIANCE ENERGY LTD. 2.82 [Rly. Siding at Yamuna Nagar for 2X300 MW DCR thermal power project] GOOTY-PULLAMPET (RVNL) 23.34 [151.05 kms signalling project of south central railway in JV with Leighton Holdings Ltd., Singapore] PALWAL-BHUTESHWAR (RVNL) 26.98 [81 km track laying & signaling project in nothern railway in JV with Cobra SA, Spain] TRACK WORK FOR DMRC PHASE II 20.68 [31.30 kms (both underground & elevated track laying project part -1 Corridor, Yamuna Bank Depot and Workshop] AFC FOR DMRC PHASE II 18.22 [Installation & commissioning of AFC system in 41 stations of Delhi Metro in JV with Samsung SDS ,Korea] 24

Konkan Railway Corporation Bharti Telecom Vizag Port Trust Our Valued Clients Indian Railways Konkan Railway Corporation Bharti Telecom Vizag Port Trust Videsh Sanchar Nigam Mumbai Port Trust Adani Port Trust Tata Tele Services Indian Oil Tanking Reliance Energy Reliance Infrastructure Ltd Delhi Metro Rail Corporation Maharastra State Electricity Board Bharat Petrochemicals National Thermal Power Corporation Hindustan Petroleum Corporation Rail Vikas Nigam OCL India Ltd. (Dalmia Group) Tata Steel Ltd. Vedanta Alumina Ltd. RITES 25

International Co-operation (for Track & Civil Engineering) Kalindee Has Been Associated With:- Company Country Technology TSO FRANCE METRO TRACK WERMER TRACTE GERMANY ROADS CHINA HARBOUR CO. CHINA CIVIL EICHHOLZ GERMANY TRACK BWG GERMANY TRACK PANDROL UK TRACK 26

International Co-operation (for Signaling) Kalindee Has Been Associated With :- Company Country HARMON IND. USA INTERLOGIC UK SASIB (GRS) USA UNION SWITCH USA GE TRANSPORTATION USA 27

International Co-operation (for Telecommunication) Kalindee Has Been Associated With :- Company Country Technology ERICSSON SWEEDEN TELECOM BOSCH TELECOM GERMANY TELECOM KABEL RHEYDT GERMANY OFC ALCATEL PORTUGAL TELECOM MOTOROLA USA GSM SAMSUNG SDS KOREA AFC GE TRANSPORTATION UK TELECOM 28

Rail Track Construction for Delhi Metro Salient Features of the Project completed are : Ballast-less Track : 24.271 Kms. Ballasted Track in Depot : 10.825 Kms. Ballast-less Scissor Cross Over (1:12) : 4 Sets Ballast-less Points and Crossing (1:12) : 4 Sets Ballast-less Points and Crossing (1:8.5) : 7 Sets Ballasted Scissor Crossover (1:8.5) : 1 Set Ballasted Points and Crossing (1:8.5) : 62 Sets Flash Butt Weld : 4346 Nos. A.T. Weld : 1388 Nos. Completion period : 18 months 29

Ballast-less Track Work 30

Ballast-less Points & Crossing in Tunnel 31

Preparation for Casting - GSF Setting 32

Ballast-less Track Works in Tunnel 33

Flash Butt Welding 34

ACCESS CONTROL AND FARE COLLECTION SYSTEMS FOR METRO RAIL Array of AFC Gates Smart Card Reader Ticket Office Machine Kalindee has acquired in the ‘State of Art Technology’ for Access Control and Automatic Fare Collection System having installed the same for Delhi Metro Rail Corporation. This system uses the latest contact-less tokens for fare collection for the first time in the World for Single/Double journey in addition to the contact-less smart card. All the equipments at individual stations are connected to the Station computer through LAN (CAT5 / OFC) and all the stations in turn are connected to the Operation Control Central through WAN (OFC) at Shastri Park. Till date Kalindee has successfully commissioned 34 Stations (24 Elevated and 10 Underground), 1 Operational Control Centre, 1 Software Development Centre and 1 Training Centre comprising of 317 Nos. of AFC Gates, 178 Ticket Office Machines (TOM) including the Excess Fare Collection Office, 98 Nos. of Ticket Readers (TR), 34 Station Computers, 31 sets of UPS ranging from 7.5 to 15 KVA, 145 Electrical Distribution Cabinets, 35 Nos. of Cisco Routers and 85 Nos. of HP Switches. Recently Kalindee in Consortium with Samsung SDS has won the BS 22 A&B Contract from DMRC in a very tough Global Competition for implementing the AFC System on 19 Stations of Phase II. This includes 41 Stations Foreign Supplies also. Similar AFC Projects are under consideration with MMOPL (Mumbai Metro Phase I). 35

Major Turnkey Projects Completed Remodeling & up-gradation of Railway Yard at Wadala and Raoli for Mumbai Port Trust Installed Track : 18.7 Kms. Points & Crossings : 70 Nos. Traps : 3 Nos. Private Railway Siding for IOTL at Navghar, Mumbai Installed Track : 7.25 Kms. Points & Crossings : 18 Nos. Traps : 9 Nos. Private Railway Siding for HPCL at Balasore, Orissa Installed Track : 4 Kms. Points & Crossings : 10 Nos. Traps : 5 Nos. Approach Road to Bina Thermal Power Station Total Length : 6.85 Kms. 36

Track Works Straight Track : 1068 Kms. Points & Crossings (1:12) : 204 Nos. Points & Crossings (1:8.5) : 353 Nos. Points & Crossings (1:16) : 4 Nos. Trap Points : 154 Nos. Mixed Gauge Diamonds : 4 Nos. 37

QUALITY PROJECT EXECUTION IN RECORD TIME Nokha – Naugar – Merta Road : 144 Kms. Track Work Completed In Record Time of 4 Months Achieved Highest Av. Linking Speed Of 2 Kms/day Executed in Hostile Environment of Desert Area Initial Speed Trial Of 120 Kmph Commercial Sanctioned Speed Of 100 Kmph Set A Land Mark Of Quality and On Time Track work for the contiguous Bikaner- Nokha (62 Kms) was completed by Railway Staff engaging 5 Contractors in 9 Months time and achieving speed trail of 60 Kmph only & Commercial sanctioned Speed of 50 Kmph only. Jodhpur- Phulera : 300 Kms Track Work also Completed in Record Time of 4 Months Time. Phulera – Ajmer : 82 Kms Track work Completed in 2 Months and 10 Days only All these works reveal the highest level of quality and record time completion showing the competency of our Project Management along with efficient Manpower and Resources Management. Above examples amply demonstrate our Project Management Capabilities to execute Quality Work in Record Time. 38

PRESTIGIOUS PROJECTS UNDERTAKEN ON KONKAN RAILWAY 54 Stations Panel Interlocking : Biggest Signaling Project undertaken OFC System on 1000 Km: Biggest Telecom Project undertaken 60 Km of B.G. track : laid in hostile mountainous environment. Route Map of Konkan Railway Kalindee’s performance won all-round appreciation and applause for executing these projects in time and as per the highest standards of quality. 39

Signaling works completed Electronic Interlocking 8 Stns. Panel interlocking 212 Stns. Color light Signaling 182 Stns. Conventional Signaling 260 Stns. For 25 KV AC Traction 41 Stns. LC Interlocking 127 Nos. Route relay interlocking 26 Stns. Major yard Signaling 33 Stns. Token Less Block System 98 Stns. Multiple Aspect Signaling 58 Stns. Axle Counter Block Systems 137 Nos. Automatic Signaling 26 Kms. Audio Frequency Track Circuit Automatic (AFTC) for Signaling 115 Sets 40

Telecommunication works completed U/G Optical Fibre System 2,434 Kms OFC Equipment Installation 100 Stations Wireless Network (GSM) 60 Kms. MSO and EBTS 4 Nos. Mobile Train Radio 220 Cabs U/G Copper Cable 6,984 Kms. Overhead Lines 400 Kms. Fab. And Erec. of M/W 32 Nos. Towers 41

Major S&T Turnkey Projects Completed Signaling at 23 stations with panel interlocking on Nagpur - Durg section Signaling at 54 stations on Konkan Railway. 1000 Km long OFC Communication System for Konkan Railway 150 Kms. OFC Communication System on Northern Railway RRI System at Cuttack Station of East Coast Railway 42