November 2011 PTC India Financial Services Limited

Our Vision and Mission Vision Be the most preferred financial services partner in the entire energy value chain. Mission To partner and forge strong relationships with credible stakeholders to provide complete financial services for all links in the energy value chain. 2

Business Activities of PFS Scope of business activities  Invest in Greenfield projects, Brownfield projects and provide expansion capital on an ongoing basis To the companies engaged in identified target sectors  Invest in identified projects Power Exchange Tolling projects Biomass projects Wind projects Coal projects Investment in cross border transmission link  Term Financing  Financial solutions and advisory Strategic financial partnership to bring in :  Fund management best practices  Strong relationship with global investors To provide Investment and Financing solutions for the broader Energy Value Chain PTC’s lineage Debt Financing Equity Financing Structured Products Fee Based Services Across energy Value Chain 3

Shareholding Pattern as at September 30,

Our Shareholders 5 Top 10 shareholders as at September 30, 2011 Name No. of shares % Equity Name No. of shares % Equity PTC India Limited337,250, Life Insurance Corporation Of India 13,882, GS Strategic Investments Ltd48,666, Bajaj Allianz Life Insurance Co. Ltd 12,147, HSBC Bank (Mauritius) Limited A/C GMFA Asia Venture Ltd 20,691, State Bank Of India11,355, Macquarie India Holdings Ltd19,466, Capital International Emerging Markets Fund 10,220, Emerging Markets Growth Fund, Inc. 15,933, HDFC Trustee Company Limited - HDFC MF Monthly Income Long Term 5,610, Other institutional shareholders as at September 30, 2011 Corporation BankIndian Overseas Bank Citigroup Global Markets Mauritius Private LimitedUnion Bank Of India Aviva Life Insurance Company India LimitedIndian Overseas Bank General Insurance Corporation Of IndiaIBM Diversified Global Equity Fund BNY Mellon Vietnam India & China VIC FundGovernment Of Singapore Investment Corporation

Highlights of Income Statement 6 Q2 FY 2012 Q2 FY 2011 H1 FY 2012 H1 FY 2011 FY 2011 Interest income Interest expense Net interest income Other operating income Operating expenditure Foreign exchange translation loss Profit from operations Other Income Profit before tax Tax expense Profit after tax Amount’ Rs. in millions * Includes fund raising expenses, provision for contingencies and other expenditure incurred during H1 FY 2012

7 Operational Highlights

Highlights 8 Profit after tax increased by 29% to Rs mn in H1 FY 2012 from Rs mn in H1 FY 2011 Net Interest Income increased by 44% to Rs mn in H1 FY 2012 from Rs mn in H1 FY 2011 Return on Assets of 1.90% for H1 FY 2012Nil NPA as at 30 th September 2011 NIM stands at 6.57% in Q2 FY12 as compared to 4.97% in Q1 FY12. NIM in FY11 was 6.42%. Net interest income considered for NIM excludes interest income on temporary surplus funds Spread stands at 3.88% in Q2 FY12 as compared to 3.03% in Q1 FY12. Spread in FY11 was 4.63%.

Resource Mix 9 As at September 30, 2011 As at March 31, 2011 Shareholders' Funds Share Capital5, Reserves and Surplus (including ESOPS outstanding) 4, , Loan Funds Debentures2, Term loans from banks2, , Short term loans External commercial borrowings Long term infrastructure bonds Deferred Tax Liability Total17, , Amount’ Rs. in millions

Overview of Major Equity Investments Equity InvestmentsCapacity (MW) Outstanding as at (Rs. Million) Investment Status Indian Energy Exchange Limited N.A Operational since June PFS holds 21% after divesting 5% stake during FY Further divestment is underway. Ind-Barath Powergencom Limited The project is fully commissioned. PFS has completely exited in October 2011 Ind- Barath Energy (Utkal) Limited 7001, Financial closure has been achieved. All clearances received and project is on track to be commissioned by March Meenakshi Energy Private Limited 9001, Phase I (300MW) project is expected to be commissioned in December 2011 Phase II (600 MW) project is on track after financial closure and expected to be commissioned in March East Coast Energy Private Limited 1,3201, Project on track after financial closure. Clearance from Expert Appraisal Committee, MoEF received on recent environment issues. Received FIPB approval for swap of shares to the holding company. R S India Wind Energy Private Limited Rs million invested in MW wind power project. Phase I (41.25 MW) of the project fully commissioned and phase II is under implementation Rs million invested in WTG manufacturing facility housed in a subsidiary company Total4,

Portfolio Mix – Debt Assisted Projects 11 As at September 30, 2011

12 Fuel and PPA for Coal Based Projects (Debt) 12 Fuel Source Total No. of Projects (Amount Sanction) To% of total sanction PPA with PTC (Long / Short Term) PPA with State Utilities / Captive 100% Domestic Coal Linkage Sanctioned & Disbursement started (Case 1 or process of FSA started) 2 (106.87) 6.68%12 Sanctioned but disbursement yet to start Group Company having own mines 1 (200) 12.49%1 (Captive) Others 1 (125) 7.81% 100% Captive Coal Block Sanctioned & Disbursement started 5 (319.17) 19.92% % Sanctioned but disbursement yet to start 2 (450.00)2 (Captive) 100% Imported Coal through own mines 1 (120.00) 7.50%1- 70% Domestic Coal linkage + 30% Imported Coal Sanctioned & Disbursed 1 (120.00) 7.50%2- Sanctioned but documents yet to be executed 1 (160.00) 9.99% Total14100%76

13 Way Forward Focus on renewable power and other emerging segments of power sector Continue to develop strategic partnerships with international finance institutions Offer comprehensive structured financing solutions to private power sector developers Consolidate position as preferred financing solutions provider, especially for smaller & medium power projects Maintain optimal mix of equity investments and debt financing Expand fee based services and CER financing

Thank You 14