Registered Office: Unit No 211-212, 2nd Floor, The Capital, G Block, Plot No. C-70, Bandra Kurla Complex, Bandra East, Mumbai - 400051

T +91 22 45407200 ; F +91 22 45407203 website: www.ge.com/in/ge-power-india-limited

23 June 2020

To,

The Manager - Listing

National Stock Exchange of India Ltd.

Exchange Plaza, Plot No. C/1, G Block,

Bandra-Kurla Complex, Bandra (E)

Mumbai - 400 051

To,

The Manager - Listing

BSE Ltd.

25th Floor, P.J. Towers,

Dalal Street,

Mumbai – 400 001

Symbol : GEPIL Scrip Code : 532309

Sub.: Annual Financial Results – Newspaper Advertisement

Dear Sir/Madam,

Pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and

Disclosure Requirements) Regulations, 2015, as amended from time to time, please find

enclosed the copies of the advertisement published in English and regional (Marathi)

newspapers for the financial Results of the quarter and year ended 31 March 2020, that were

approved by the Board in its meeting held on 22 June 2020.

This is for your information and records.

Thanking you,

Yours truly,

For GE Power India Limited

Pradeepta Puhan

Company Secretary

GE Power India Limited CIN-L74140MH1992PLC068379

Corporate Office: Axis House, Plot No 1-14, Towers 5 & 6,

Jaypee Wish Town, Sector 128 Noida

Uttar Pradesh - 201301

T +91 0120 5011011

F +91 0120 5011100

www.ge.com/in/ge-power-india-limited

THE FREEPRESSJOURNAL12 MUMBAI | TUESDAY | JUNE 23, 2020FPJ MONEYNEWS IN BRIEF

Fitch revises outlook on Airtel to negative from stable; affirms at 'BBB-'NEW DELHI: Fitch Ratings has revised the outlook on BhartiAirtel's Long-Term Foreign-Currency (FC) Issuer Default Rating(IDR) to negative from stable, affirming it at 'BBB-'. The ratingagency said the outlook change is sovereign-driven, and thatprojected that Bharti's 2020-21 revenue and Ebitda (earningsbefore interest, taxes, depreciation, and amortisation) willremain robust, fuelled by improvement in the Indian wirelessmarket and continued growth momentum in African markets,despite the effect of the coronavirus pandemic.

DBS Bank logs Rs 111 cr profit in FY20from India operationsMUMBAI: Singapore-based DBS Bank on Monday reportednearly eight-fold jump in profit for 2019-20 from its Indiaoperations at Rs 111 crore. The lender, whose network in Indiahas now increased to 34 branches, reported 24 per centgrowth in net revenues at Rs 1,444 crore during the lastfinancial year and a fall in stressed assets.

Dhanlaxmi Bank Q4 profit falls over 90pc at Rs 3 crNEW DELHI: Dhanlaxmi Bank on Monday reported 90.5 percent decline in net profit at Rs 2.60 crore for March quarter2019-20 due to higher provisions for bad loans andcontingencies. Income during the quarter under review rose toRs 280.98 crore from Rs 268.97 crore in the year-ago sameperiod, the bank said in a regulatory filing. The bank'sprovisions for bad loans and contingencies were raisedsubstantially to Rs 56.89 crore during March quarter as againstRs 16.27 crore parked aside for the year-ago same period.

Sebi reports 13% income growth at Rs963 cr in 2018-19NEW DELHI: Capital markets regulator Sebi has posted a 13per cent increase in its total income to over Rs 963 crore in2018-19, mainly due to rise in earnings from fees andsubscription income. The other administrative expensesincreased from Rs 121 crore to Rs 131 crore, the establishmentexpenses climbed from Rs 244 crore to Rs 293 crore.

Biocon-DKSH tie up for distribution ofseven products in S’pore, ThailandNEW DELHI: Bio-technology major Biocon on Monday said ithas inked a pact with market expansion services provider DKSHfor distribution of seven generic products in Singapore andThailand. Biocon Pharma Ltd, a subsidiary of the bio-tech firm,and DKSH Business Unit Healthcare, have inked an agreementin this regard, Biocon Ltd said in a statement.

Nestaway arm plans to acquire 2-3 co-living operatorsNEW DELHI: Nestaway Technologies' co-living subsidiary TheHello World has acquired StayAbode and is looking for 2-3more acquisitions as part of its plan to expand capacity to50,000 beds by March next year. The Hello World currently has20,000 beds and plans to add 30,000 more beds by end of the2020-21 fiscal through both organic and inorganic routes, itsfounder and CEO Jitendra Jagadev said.

Rs105 crore tax-evasion case detectedby Indore-based cig manufacturerBHOPAL: GST intelligence officials have detected tax evasion ofRs 105 crore by a cigarette manufacturing firm in Indore in thelast one year, according to an official statement.

— Agencies

Notwithstanding the present coronavirus lockdown,IRB Infrastructure Developers has bagged the Rs 8,262crore Mumbai Pune Expressway project under the

Toll-Operate-Transfer model. The company last week paidthe first tranche of Rs 6,500 crore as up front sub concessionfee to Maharashtra State Road Development Corporation(MSRDC). In an exclusive interview with Free Press Jour-nal’s Sanjay Jog, CMD Virendra Mhaiskar explains the com-pany's strategy.

What is the most important feature of this project?The road doesn’t have an alternate competing road given thetopography. It’s an expressway which caters to the twin cityconcept, and hence, given the high percentage of passengervehicles has the potential of very high traffic growth.

With this contract, the Toll contract for Mumbai-Pune Ex-pressway will be with you for almost 30 years (as youstarted it in 2000). How have you managed to win the con-tract consecutively for the second time?It was definitely not a cake walk. The bid had attracted a lotof interest and many foreign funds had evinced interestalongside large Indian companies. However, for such a largecommitment one needs to have a sector focus and expertisewhich to my mind was an area where we certainly excel.

That, I believe, would have been the prime reason for oursuccess. Secondly, having followed strict financial discipline,we had a strong balance sheet where we had the ability toraise the required financing for such a large project commit-ment

.How do you justify your quote below reserve price?The bid date was changed two-three times and with everypostponement the concession period kept reducing as the end

date for concession period remained the same - April 30. Hence, the potential collection also kept reducing. MSRDC

did not reduce the upset price proportionately I guess, andhence, the price offered looks marginally lower than their es-timate.

How do you compare this TOT concession as against TOTbundles put to bid in the last three years in India?

This is the largest TOT concession in the country to datefrom a time-value concept. The first TOT project awarded toMacquarie where they paid Rs 9,600 crore to NHAI was for a30-year period whereas in this project MSRDC is getting Rs8,262 crore for giving a 10-year concession period. The reasonfor the same is that this project has significantly higher rev-enue potential. Also this is a single asset whereas the otherTOT was a bundle of 7 projects.

Post Covid-19, how does the company plan to expand?With the total asset size of over Rs 4,5000 crore, our strategyand focus continues to remain as a lead player in upcomingBuild-Operate-Transfer (BOT) projects. With the Covid-19 in-creasing the fiscal constraints, my guess is that going forwardthe government would want to bring back private investmentinterest in the road sector.

We see a big opportunity here. With a strong partner likeGIC who has agreed to consider participating with us in allupcoming BOT projects on a 51:49 basis as a part of our pri-vate Infrastructure Investment Trust (InvIT) strategy wethink we can possibly look at strong growth going forward.

The Hybrid Annuity Model (HAM) projects are unlikely todo well as the bank rate comes down rendering negative re-turn on the same given the fact that NHAI pays the annuitylinked with bank rate whereas lenders are unlikely to reduceinterest rate proportionately for the HAM project developer.Hence, we still believe BOT is the best bid form where we willalso continue to focus.

We may also experience a strong rise in the use of passen-ger vehicles given the concern around Covid-19 and publictransport will take a beating. This is a time to carefully butconfidently step forward and focus on growth opportunities.

OUR BUREAU/ Mumbai

Following the death of 20 In-dian soldiers after the India-China border class last week,scores of people have calledfor a boycott of Chinese prod-ucts and services.

Shops displaying Chineseproducts were also destroyedin several places.

Amid the protest anddemonstrations condemningthe violent attack on Indiansoldiers and boycotting Chi-nese products, the Indian In-stitute of Human Brands(IIHB) conducted a ‘gun-shot’telephonic survey over June17 & 18 to gauge consumersentiment on celebrities en-dorsing Chinese brands, postthe news of the loss of life of20 Indian soldiers in the Gal-wan Valley. 408 respondentswere asked some quick-firequestions.

Is TikTok a Chinese app?56 % said Yes32 % said Yes12 % said Maybe

Would you un-install Tik-Tok because it is a Chineseapp?

21 % said Yes62 % said Maybe11 % said No16% Did Not Answer

Respondents were alsoasked if they knew the coun-try of origin of the mobilebrands mentioned? Howmany associated a brandwith a celebrity? And how

many wanted the celebrity todesist from peddling the saidbrand because it was Chi-nese?

• 92% respondents knewthat Apple is from the US.

• 37% respondents saidOppo is Indian. Only 42% saidit was Chinese.

• 41% thought Vivo is fromUS/Europe, 12% said it wasIndian while 40% said theyknew it was Chinese.

• Samsung, 62% said wasKorean; 22% from US.

• One Plus was felt to be Eu-ropean by 30%, US by 22%, In-dian by 14%. 30% said it wasChinese.

• Only 27% knew Realme isChinese and 26% knew Red-mi’s actual origin.

• Nokia was said to be Indi-an by 32% respondents.

• 88% said Sony is Japan-ese. 92% said Panasonic isJapanese.

Bidding for Rs 8,262 cr Mumbai Pune Expressway Toll-Operate-Transfer project was definitely not a cake walk

Fitch rates 2 of Adani

cos negativeMUMBAI: Fitch Ratings hasrevised the rating outlookon the debt of Adani GreenEnergy Ltd, Adani Ports andSpecial Economic Zone Ltdand Adani TransmissionLtd's to negative fromstable. The ratings on thethree companies wereaffirmed at 'BBB-'.

The outlook downgradefollows the revision of theoutlook on India's Long-Term Foreign-CurrencyIssuer Default Rating (IDR)to negative from stable lastweek. India's rating wasaffirmed at 'BBB-'. Today,shares of AdaniTransmission ended 4.4%higher at 231 rupees, whilethose of Adani Green Energyended up 5% at 441.65rupees on the NSE.

Will stay focused on BOT post Covid: IRB Infra

Adani Power boardokays share delistingAHMEDABAD:Adani PowerLtd on Monday gave the fi-nal nod to its voluntarilydelisting of equity sharesat Rs 33.82 which is 10 percent less than its previousclosing of Rs 38 on Friday.

It informed exchangesthat the delisting proposalof May 29 was approved inthe board of directorsmeeting.

"Adani Properties Pvt Ltd(APPL) proposes to eitherby itself or together withother members of the pro-moter group as the casemay voluntarily delist theequity shares of the com-pany," it said.

It further said that basedon the information avail-able with the company and

the report, it granted ap-proval to the company toseek shareholders' ap-proval for delisting propos-al by way of a special reso-lution through postal ballotand e-voting.

In this regard, the draft ofthe postal ballot notice andthe explanatory statementwere also approved.

The company was alsoauthorised to issue and dis-patch the postal ballot no-tice and the explanatorystatement to the sharehold-ers of the company.

Practicing Company Sec-retary Chirag Shah was ap-pointed as the scrutiniserto conduct the process ofthe postal ballot in a fairand transparent manner.

We may also experience a strong

rise in the use ofpassenger vehicles given the concern

around Covid-19 andpublic transport will

take a beating.

Only 21% of people said they woulduninstall China’s TikTok: Survey

������

��������������������������������������������������������������������������������������������������������������������������������������������������������������������

����������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������� ��� ���������� �������� ���� ����� ��� ������� ������������ ����������� ����������

�������������������������������������������������������������� �������������

���������������������������

��������������������������������������������

�����������������������������

����������������������������������������������

�����������������������������������������������������������������������������������������������

�������������������������������������������������������������������

�������������������������������������

������������������������ ���������� ������������ ��������� �����

���������� �������� ����� ���� ��� ������ ���� �������������������������������������������������������������������������������������� ���������������� �������������� ����

������������������������������������

����������������������������pe.meb./pee.¬eÀ./132/ efo.22/06/2020 meeceeef³ekeÀ Deblej jeKee...! keÀesjesvee®ee ÒeeogYee&Je ìeUe...!