Slide 1: Executive Summary Macroeconomic Indicators Slide 2: GDP at Factor Cost: Quarterly (2011-12 - 2014-15), Inflation Rate: Monthly (Jul 2013 - Dec 2013) Slide 3: Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013), Exchange Rate: Half Yearly (Apr 2014 - Sep 2014) Slide 4: Lending Rate: Annual (2011-12 - 2014-15), Trade Balance: Annual (2010-11 - 2013-14), FDI: Annual (2009-10 - 2012-13) Introduction Slide 5-6: Power Sector - Introduction, Region-wise Installed Capacity, Types of Power Plants, Total Installed Capacity by Type Market Overview Slide 7-9: Market Overview - India (Consumption of Electricity (2013 - 2018e), Demand Supply Deficit Value Chain Analysis Slide 10-11: Value Chain Analysis - Indian Power Sector, Expansion of the Government Initiatives Slide 12-16: Government Policies - Investments, PPP Model - Distribution Franchise and Ultra Mega Projects Drivers & Challenges Slide 17: Drivers and Challenges - Summary Slide 18-21: Drivers Slide 22-24: Challenges Major Trends Slide 25: Key Trends - Summary Slide 26-28 - Key Trends Competitive Landscape Slide 29: Porter's Five Forces Analysis Slide 30-34: Competitive Benchmarking Slide 35-74: Major Public Players Market Opportunities Slide 75-76: Market Opportunities - Opportunities in Thermal Generation, Investing in Renewables, Recent Initiatives in the Power Sector Strategic Recommendations Slide 78-78: Recommendations Appendix Slide 79: Key Ratios Description Slide 80: Sources of Information

Macro Economic Indicators 1. GDP at Factor Cost: Quarterly (2011-12 to 2014-15) 2. Inflation Rate: Monthly (Jul-Aug 2013 - Nov-Dec 2013) 3. Gross Fiscal Deficit: Monthly (Feb 2013 - Jul 2013) 4. Exchange Rate: Monthly (Apr 2014 - Sep 2014) 5. Lending Rate: Annual (2011-12, 2012-13, 2013-14, 2014-15) 6. Trade Balance: Annual (2010-11, 2011-12, 2012-13, 2013-14) 7. FDI Annual (2009-10, 2010-11, 2011-12, 2012-13) Introduction 1. Power Sector - Type-wise Installed Capacity Market Overview 1. Power Sector (India) - Consumption of Electricity (By Value; 2013 - 2018e) 2. Power Sector (India) - Plan-wise Growth of Installed Generating Capacity in the Country (Utilities) - (6th Plan - End of 1st Year of the 12th Plan) 3. Power Sector - Peak Shortages Percentage (June 2014) 4. Power Sector - Energy Shortages Percentage (June 2014) Drivers & Challenges 1. Per Capita Consumption of Electricity in India (6th Plan - End of the 1st Year of the 12th Plan) 2. Number of Villages Electrified in India (6th Plan - End of the 1st Year of the 12th Plan) Trends 1. Increase in Captive Power Production (6th to 12th Five Year Plan) Competitive Landscape 1. Competitive Benchmarking - Key Ratios of 3 Major Companies - Operational & Financial Basis (2013-14) 2. Company profiles (All Companies) a. Financial Snapshot b. Key Business Segments c. Key Geographic Segments Introduction 1. Types of Power Plant Market Overview 1. Actual Power Supply Position in Jun 2014 Drivers & Challenges 1. Average Capacity Utilization in Different Sectors 2. National Priorities, Current Situations and Implications 3. Capacity Addition Targets in the 12th Plan (MW) Competitive Landscape 1. Public Trading Comparables 2. Company Profiles (All Companies) a. Company Information (All Companies) b. Products and Services (All Companies) c. Key People (All Companies) d. Key Financial Performance Indicators (Only Public Companies) e. Key Ratios f. Business Highlights (All Companies) Appendix 1. Key Ratios Description 2. Sources of Information

Public Companies 1. Adani Power Ltd. 2. CESC Ltd. 3. JSW Energy Ltd. 4. Neyveli Lignite Corporation Ltd. 5. NHPC Ltd. 6. NTPC Ltd. 7. Power Grid Corporation of India Ltd. 8. Reliance Infrastructure Ltd. 9. The Tata Power Company Ltd. 10. Torrent Power Ltd.