Reliance Inf S Regulatory News (RIFS)

Notes:

1. The final determination in the matter of Standby Charges payable for the years 1998-99 to 2003-04 to The Tata Power Company Limited (TPC) is pending before the Supreme Court for final hearing. The Parent Company has so far fully accounted the liability of Rs. 515.60 crore as determined earlier by Maharashtra Electricity Regulatory Commission (MERC).

2. The final determination in respect of the claim by TPC of Rs. 323.87 crore, along with interest based on the Orders passed by MERC / Appellate Tribunal for Electricity (ATE) towards difference in energy charge and minimum offtake charges for energy supplied by TPC at 220 kV interconnection is pending before Supreme Court for final hearing. The Parent Company has complied with the interim order direction of depositing Rs. 25 crore with the Registrar of Supreme Court and providing a Bank Guarantee of Rs. 9.98 crore.

3. Pursuant to the approval of the Board of Directors for buy-back of Equity shares under Section 77A of the Companies Act, 1956, The Parent Company bought-back 4,85,000 equity shares during the quarter ended December 31, 2011. Consequently the paid-up capital stands reduced to Rs. 263.04 crore. Out of the above 35,000 shares have been extinguished subsequently on January 5, 2012.

4. Pursuant to the clarification provided by the Ministry of Corporate Affairs vide circular dated May 31, 2011 and based on the legal opinion obtained, the Group has provided for depreciation in respect of its electricity business following the rates as well as methodology notified by the Electricity Regulators retrospectively w.e.f April 1, 2009 as against Schedule XIV to the Companies Act, 1956 during the quarter ended June 30, 2011. Accordingly, depreciation of Rs. 226.62 crore for the years 2009-10 and 2010-11 was written back during the previous quarter ended June 30, 2011 and included in other operating income. Similarly, the depreciation charge for the current quarter and nine months ended December 31, 2011 is lower and profit before tax is higher by Rs.14.91 crore and Rs. 34.36 crore respectively on account of such change.

5. Information on investor complaints pursuant to Clause 41 of the listing agreement for the quarter ended December 31, 2011: opening: Nil; additions: 09; disposals: 09; closing: Nil.

6. There were no exceptional / extraordinary items during the quarter ended December 31, 2011.

7. The Company has opted to publish consolidated financial results. Standalone financial results, for the quarter and nine months ended December 31, 2011 can be viewed on the websites of the Company, National Stock Exchange of India Limited and Bombay Stock Exchange Limited at www.rinfra.com, www.nseindia.com and www.bseindia.comrespectively. Key standalone financial information is given below:

(Rs. crore)

8. After review by the Audit Committee, the Board of Directors of the Company have approved the aforesaid financial results at their meeting held on February 14, 2012.

9. Figures of the previous period / year have been regrouped / reclassified wherever considered necessary.

10. There has not been any significant change in or any special factor influencing the business activities of the Company during the quarter ended December 31, 2011 except as specifically mentioned in the above Notes.

For and on behalf of the Board of Directors

Place: Mumbai Anil D. Ambani

Date: February 14, 2012 Chairman

MEDIA RELEASE

CONSOLIDATED TOTAL OPERATING INCOME OF Rs 6,130 CRORE

(US$ 1.2 BILLION) FOR THE QUARTER - AN INCREASE OF 66%

CONSOLIDATED NET PROFIT STABLE AT Rs 408 CRORE (US$ 77 MILLION) FOR THE QUARTER

CONSOLIDATED EPC REVENUE OF Rs 2,941 CRORE (US$ 554 MILLION) FOR THE QUARTER

- AN INCREASE OF 177%

CONSOLIDATED BOOK VALUE OF Rs 945 (US$ 18) PER SHARE

AND NET WORTH OF Rs 24,868 CRORE (US$ 4.7 BILLION)

COMPANY DEBT FREE AT NET LEVEL ON STANDALONE BASIS

Mumbai, February 14, 2012: Reliance Infrastructure Limited today announced its un-audited consolidated financial results for the quarter ended December 31, 2011. The highlights are:

Consolidated - Quarter ended December 31, 2011

·; Total Operating Income of Rs 6,130 crore (US$ 1.2 billion), against Rs 3,686 crore in the corresponding quarter of previous year, an increase of 66%

·; Net Profit of Rs 408 crore (US$ 77 million), against Rs 405 crore in the corresponding quarter of previous year

·; Cash Profit of Rs 557 crore (US$ 105 million), against Rs 537 crore in the corresponding quarter of previous year

·; Cash Earnings Per Share (Cash EPS) of Rs 21.1 against Rs 22.0 in the corresponding quarter of previous year

·; Earnings Per Share (EPS) of Rs 15.5 against Rs 16.6 in the corresponding quarter of previous year

On Consolidated basis, the net worth of the Company stood at Rs 24,868 crore (US$ 4.7 billion)and book value per share at Rs 945 as on December 31, 2011.

The Company remains debt free at the net level on Standalone basis and enjoys the top end ratings of 'AA+' and 'AA' from CRISIL and FITCH respectively.

Key Highlights

§ EPC : EPC revenue of Rs 2,941 crore for the quarter - an increase of 177%

§ Transmission:

§ Mumbai Transmission project : 3 Extra High Voltage (EHV) stations charged in Q3FY12 and cumulatively 6 EHV stations are charged till date. This will significantly improve the flow of power to Mumbai. All stations registered high availability of 99.82%.

§ WRSS project (1,500 km in Gujarat & Maharashtra) : 5 out of 9 transmission lines are commissioned and revenue generating. The entire project will be operational within 2012.

§ Distribution : During the year, added 190,000 customers in Mumbai and Delhi distribution.

§ Road Projects: Operating / Developing 11 road projects of ~1,000 kms

§ 5 road projects operational and generating revenue. 5 additional roads to start generating revenue in next 3 months.

§ Metro Projects : Operating / Developing 3 metro rail projects in Mumbai and Delhi with a total stretch of 67 kms, having 45 stations.

§ Reliance Metro Airport Link in Delhi (23 kms & 6 Stations) :

v Daily commuters increased to 20,000 within first year of operation. Retail deals closed for ~30,000 sqft with key players at the stations.

§ Reliance Metro Line I in Mumbai (12 kms & 12 stations) : 

v About 90% of civil work is completed. Project scheduled to be commissioned in 2012.

Reliance Infrastructure Limited

Reliance Infrastructure Ltd (RInfra) is the largest infrastructure company developing projects, through various Special Purpose Vehicles, in several high growth areas in Infrastructure sector i.e. Roads, Metro rail, Airports, etc. The Company is also leading utility company having presence across the value chain of power businesses i.e. Generation, Transmission, Distribution, EPC and Trading.

The Company is developing two metro rail projects in Mumbai and operating Airport Metro Express in Delhi; awarded twelve road projects with total length of 1,000 kms; operate and maintain five airports in Maharashtra and developing 2 cement plants of 5 Mn tons each in Maharashtra and Madhya Pradesh.

RInfra generates 940 MW of power through its five power stations; distributes power to over 5.6 million consumers in Mumbai and Delhi; developing five transmission projects including first Independent Private Transmission project in India.

RInfra also provides Engineering, Procurement and Construction (EPC) for developing power & road projects and currently have an orderbook of Rs. 21,155 crore.