The consortium comprising of 50:50 Joint Venture between the Company and Ramky Infrastructure Limited had been issued a Letter of Award dated May 20, 2010 by the Andhra Pradesh Road Development Corporation (APRDC) for the “Design, Construction, Finance, Operation and Maintenance of Four Laning of Narketpally - Addanki - Medarametla Road (SH-2) from km 0.000 to km 212.500 in the State of Andhra Pradesh under Public Private Partnership (PPP) on Build, Operate, and Transfer (BOT) Basis” (“the Project”). The Project is on Toll basis with a Concession Period is 24 years including Construction Period of 910 days. The estimated cost of the Project is Rs. 1196.84 Crores. The Company shall receive a viability gap grant of Rs. 467.02 Crores for the Project from APRDC

The Concession Agreement for the captioned Project was signed on July 23, 2010 between APRDC and NAM Expressway Limited, the Special Purpose Vehicle incorporated by the Consortium for undertaking the Project