PPEL UAE Company Profile We help customers to

PPEL UAE Company Profile We help customers to build plants, reduce life cycle costs and also help them in Operation & Maintenance. PPEL “Power & Steel” www. ppelepc. com Page 1

PPEL - Company Overview Power Sector Strategic Initiatives : • Standard Plant Designs - 2 x 150 MW Coal • ISO 9000 Certification • SP 3 D Smart Plant Engineering Steel Sector Power Projects Completed: Steel Projects : Domestic (Completed) International (Completed): • 6 x 135 Coal fired Captive Power Plant, Angul, Odissa • 1. 4 MTPA JSIS Expansion – Rolling Mill, Sohar / Oman • 1 x 180 T/hr New Boiler, Angul, Odissa Potential projects: International (under execution) • Feasibility study , Permits & Approvals • • PMC Contract for 1 x 150 MW Chirodzi IPP, Mozambique Plant Performance enhancement for 6 x 135 MW Angul CPP • Project Management, Procurement at Regional Locations • • Logistics Study for Mozambique (Completed) Nox control systems for 6 x 135 MW Angul CPP and 4 x 135 MW Donga. Mua CPP • O&M Services • Logistics study for Senegal (Completed) • EPC Target Pricing, Consortium Model • Renewable Projects PPEL “Power & Steel” www. ppelepc. com Page 2

Overview PPEL - Company Overview PPEL was established in 2003 in New Delhi as an EPC Company to undertake Power Plant Projects in India. In 2013, management decided to expand business overseas and established subsidiaries in UAE & Mozambique to cater to Africa & Middle-East Market Key Financials (US$mm) FYE March 31 ended (1) In 2009, it was awarded a major EPC Contract from JSPL for 6 X 135 MW Angul Captive Power Plant and an additional order later for 3 x 180 Tph Boilers totaling to US$140 M. In 2013 PPEL entered into Steel Sector, and was awarded a $140 M EPC Contract for setting up Rolling Mill for Shadeed Iron & Steel, Oman. In 2016 PPEL was awarded PMC Contract for 1 x 150 Mw Chirodzi Power Project, Mozambique Business Segments 2013 2014 Revenue $26. 8 $66. 6 EBITDA $0. 33 ($1. 6) US$/INR = 52, @ 31 Mar 2013, = 60 @ 31 Mar 2014, = 62 @ 31 Mar 2015 $40. 2 ($5. 3) Forecast March 31, 2016 Revenue $60. 9 EBITDA $9. 30 (1) Un-Audited results. Power Business PPEL has established Engineering Centre in Gurgaon and Raipur, to execute 3 -4 EPC Projects simultaneously. Project Management Core team is at Gurgaon, Global Sourcing office is established at Dubai, UAE and have made substantial contracting arrangements with local construction companies in each country PPEL plans to owns Construction & Lifting Equipment, in line with overseas expansion, and create “Equipment Banks” Cooperation agreements with BHEL, VPC Gmb. H for technical leadership and O&M. Steel Business Project Management, including Procurement and Supply Chain management is from its Dubai office. Cooperation agreement with Danieli, Italy and Danieli, Thailand Note: Shareholding Pattern during 2014 -15. PPEL “Power & Steel” www. ppelepc. com Page 3

EPC & PMC Business – Power Overview PPEL plans to take on EPC projects for implementation of FGD Projects in FY 17 -18 Current Business Future Plans PPEL has established itself in providing EPCM Turnkey Solutions to Customers who are looking for Utility Scale or Captive / Cogen units PPEL completed 810 MW Captive Power Plant at Angul, on EPC basis, and supply of 3 x 180 tph Boilers Expand Engineering Capability to SP 3 D with reference plants of 150 MW Coal fired projects, supporting JSPL’s Africa and Indonesia mine mouth power projects PPEL has just completed EPC project for 1. 5 MTPA Rebar mill in Shadeed Iron & Works, Oman Increase Project Execution Capability working with “Consortium Partners”, Technology leaders and Jindal’s manufacturing plants PPEL has recently been awarded PMC Contract for 1 x 150 MW Chirodzi Power Project, Mozambique and now focus on FGD systems for India Expand Construction Capability by creating Equipment Bank – Lifting Equipment, Batch Plants, Site Fabrication and tie-up with local engineering & construction companies & locally trained manpower Company is projecting a sales of over $30 Million and a EBITDA of US$ 4. 5 Million for FY 17 -18, based on current order booking and sales realization. Enhance Systems & Processes – SAP Capability, ISO to TQM, On-line Project Monitoring Portal, Training Enhance Project & Site Execution team in FY 17 -18 to cater to upcoming Emission Control Systems at multiple India Locations. Capability Matrix PPEL “Power & Steel” PPEL Company Structure www. ppelepc. com Page 4

Opportunity Summary A EPC Company Headquarter in Gurgaon Established Global Offices & Competencies Project Execution capability in Raigarh/India, Dubai/Middle-East and Maputo/Southern Africa. Dakar/Senegal office is under set-up Global Sourcing & Project Management from Dubai office B Established Engineering Centre at Gurgaon & Raipur, for system & detailed engineering State of the Art Engineering Capability Experience in CEASER Ver 5. 2, STADD Ver. SST 8, Auto. Cad V 15, Steam. Pro, Pipe. Pro, Prima. Vera Establishing 3 D Plant Engineering Capability, Standard Plant Design C Established offices, Construction Equipment bank, Contracting Arrangements in Southern Africa Excellent New Business Potential Expanded Cooperation with JSPL Group by partnership with Raipur & Punjipatra facilities for India’s Emission Control Systems ( SOX and NOX Controls) Ø Technical Collaboration with VPC Gmb. H for Engineering and manufacturing know-how Plant Performance enhancement projects within OP Jindal Group Solar projects for Jindal Group, supporting PMC D SAP Implementation for EPC business, modules include FICO, MM, PS, SD, HR Project Management Systems in place, Usage of FIDIC Process & Systems Document Management System Reference Libraries, Codes & Standards ISO 9000 PPEL “Power & Steel” www. ppelepc. com Page 5

Opportunity Summary PPEL “Power & Steel” www. ppelepc. com Page 6

Key Management & Subsidiaries Overview Management Team Name Subhendu Podder Designation Board Member Educational Qualification M. Tech. (Mechanical), NIT Durgapur Industry Experience More than 30 years experience in Power Generation and Distribution Published more than 10 papers in Technical Journals of repute PGDBA, Annamalai University Gian Bansal Board Member • • Sanjeev Sharma Director & Head Projects Devesh Goyal Jitendra Kumar Head – Manufacturing & Supply Chain Head – Electrical, T&D Started his career from NTPC, Completed various international assignments Chartend Accountant from Indian More than 36 years experience in Finance, Infrastruture, Construction, Institute of Charted Accountants of Oil & Gas and Healthcare sector India Chief Executive Officer (CEO) at Uppal Group B. Sc Worked in Companies like DS Construction Ltd, Punj Loyd ltd, Saw Pipes etc. B. Tech (Mech) from Delhi College 20 years Experience in Power Projects Engineering Engg Former Siemens Specialist in BOP, ST & Gen integral systems PGDBA, IMT, Ghaziabad, India B. Tech (Mechanical), NIT Jaipur 17 years experience in Projects, Manufacturing & Supply Chain Management & Commercial. Completed international assignment of Installation & Commissioning of Rebar Mill – JSIS Oman. B. Tech (Mechanical), AMU, Aligarh 30 years of experience in Electrical, Transmission Systems 10 yrs prior experience with REC Subsidiary Company’s Overview Power Plant EPC Limited (PPEL UAE) PPEL Mozambique EPC Limitada (PPEL Mozambique) Established Company operations, Core team at place Established Company operations, Core team at place Banking & tax registration, UAE Free Zone Banking & tax registration General Trade License for Commercial activity, ALVARA, NUIT etc. Customs Duty Exemption Certificate (Co. O) Labour License and approval of Labour quota Import/Export Code from Dubai Customs Contractor License Registered with Dubai Chamber of Commerce (DCC) Electrical License PPEL “Power & Steel” www. ppelepc. com Page 7

Key References 6 x 135 MW Coal Fired PP, Angul 1. 4 MTPA JSIS, Oman – Rolling Mill Contract Title : EPC Services for BOP Systems, Plant Contract Title : Design, Engineering & Procurement of Construction, Supply of Structural Steel, Rolling Mills, BOP, Structural Steel for Rolling Mill Supply of 3 x 180 T/hr Process Boilers project with technology Partner Danieli, Italy Location : Angul, State of Odisha, India Capacity : 6 x 135 MW PP + 3 x 180 T/hr Process Boilers Location : Sohar, Oman Capacity : 1. 4 MTPA Rolling Mill Construction Period : Mar 2009 – April 2014 (COD) Construction Period : Sep 2013 – Feb 2016 PPEL “Power & Steel” PMC www. ppelepc. com Page 8

Completion Certificates PPEL “Power & Steel” PMC www. ppelepc. com Page 9

PPEL - PMC Company Selected 1 x 150 MW Chirodzi IPP (JISA) q PPEL – Selected for PMC through International Competitive bidding q PPEL, with 6 units of 135 MW with similar CFBC technology Thermal Power Plant q Jindal Investimentos SA awarded the PMC Contract to PPEL q PMC - Key Responsibilities q ENGINEERING MANAGEMENT, including QA/QC, Site visits - Engineering Management, Coordination with all stakeholders - Mechanical, Electrical, Control & Instrumentation, Civil specialists - QA/QC Staff at Site, Inspection, testing & certification (by PPEL Staff and Third Party service providers) - Small engineering team may be posted for 6 -8 weeks, every six months, and for entire duration from NTP to COD - Separate man-hours for pre & post NTP q PROJECT MANAGEMENT, including Site Management, pre & post NTP - Project Management team at HQ/SA Office - Core Project Management team at site ( Site Director, and 5 -6 Functional/Construction Areas Head) q CONTRACTS, PROCUREMENT & COMMERCIAL SERVICES, including Logistics, MM/Stores - Procurement Coordinator (1) at HQ/SA, Core Commercial Team (2) at HQ/SA - Site Procurement team & Site EPC Coordinator (1), Stores and Materials management team q HR/ADMIN Team at Site - HR/Admin for contractor’s staff, security, site arrangements & local coordination.

PPEL Corporate Structure PPEL Company #26 * Shared Resources Project Director (PMC) Maputo Office(4) Project Director (FGD) Angul CPP (2) Engineering (5) * Project Director (PMC) Raipur (6) Tamnar /DCPP Site (20) QA/QC Inspection-1 PROJECT CONTROLS -2 Contract Mgt. /Procurement/ Logistics)-2 Tamnar Site In-charge (1) ENGINEERING Specialists (4) + Manager (1) PPEL “Power & Steel” QA/QC Inspection (2) MM/Stores/ Contracts Mgt/ Procurem (5) www. ppelepc. com CONSTRUCTION Specialists (8) Page 11

PPEL India 1 st Floor, Tower B, Jindal Centre, Plot No. 2 Sector-32, Gurgaon – 122001, INDIA Tel : +91 -124 -6612000 Thank you PPEL Raipur Office, Jindal Steel & Power Limited Machinery Division, 13 KM stone, G. E. Road , Mandir Hasaud, Raipur-492101, Chhattisgarh, INDIA Tel: +91 -771 -3043148 PPEL UAE Unit 3307, Floor No. 33, X 2 Tower, Jumeirah Lake Towers, Dubai, UAE Tel: +971 44247036 PPEL Mozambique Edificio JAT V-3, Rua dos Desportitas 9º Andar Talhao 12 Parcela 12 A 2 Cidade de Maputo, Mozambique Tel : +258 21307880/2 www. ppelepc. com PPEL “Power & Steel” www. ppelepc. com Page 12