OIL INDIA LIMITED Investor Presentation

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Oil India Investor Presentation Q1-Q3 FY21 OIL INDIA LIMITED Investor Presentation February, 21 Disclaimer This presentation contains certain forward looking statements concerning OIL India s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but not limited to, risks and uncertainties, regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India, ability to attract and retain highly skilled professionals, time and cost over runs on projects, our ability to manage our international operations, government policies and actions with respect to investments, fiscal deficits, regulations, etc., interest and other fiscal costs generally prevailing in the economy. The company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the company. 2

Oil India Investor Presentation Q1-Q3 H1 FY29 FY21 Sector outlook and opportunities OIL India An overview Business structure, performance and strategy Financial performance Oil India Investor Presentation Q1-Q3 H1 FY29 FY21 Sector outlook and opportunities OIL India An overview Business structure, performance and strategy Financial performance

Global Oil and Gas trends Brent oil price futures/forwards and forecasts (US$/bbl) 16 14 12 1 8 6 4 2 LTM oil price and equity market performance (Rebased to Brent) 15 125 1 75 5-16% -38% -45% 23 24 25 26 27 28 29 21 211 212 213 25 Aug-8 Nov-8 Feb-9 May-9 Aug-9 Broker high/ low range ICE Brent futures (6-Aug-9) CERA Global Fissures (1-Apr-9) CERA Break Point (1-Apr-9) EIA (Dec-8) Brent crude Wood Mackenzie (Jul-9) CERA Asian Phoenix (1-Apr-9) Broker average Purvin & Gertz (Jun-9) Brent FTSE Eurofirst (Oil and Gas) FTSE AIM (Oil and Gas) Source: Broker reports, Bloomberg, Wood Mackenzie, CERA, Purvin & Gertz, EIA Source: Datastream, FactSet market data as at August 29 Most analyst reports point to a long term increase in the prices of crude oil as reflected in the Brent oil price futures and the recovery in the Oil-related indices 5 Domestic Industry environment Steady growth in domestic energy consumption driven by India s economic growth story 1 (mmtoe) 5 4 3 2 261 295 344 CAGR 4.36% 379 433 Energy sources (%) Energy Sources - India.8 8.6 6. 53.4 1 1997 2 24 26 28 1. As of 31 st December 28 (BP Statistical Review of World Energy, 29) Significant supply deficit in the domestic market 1 Crude Oil (mmbbls) Natural gas (bcm) Deficit Total Production Consumption 1,52 41.4 31.2 Coal Crude Oil Natural Gas Hydro Nuclear Energy Sources - Global 5.5 6.4 29.2 Crude oil and natural gas sources would tend to grow in significance as the Indian economy develops 773 73% 1.8 26% 24.1 3.6 279 1. As of 31 st December 28 (BP Statistical Review of World Energy, 29) 34.8 Coal Crude Oil Natural Gas Hydro Nuclear 6

India: Energy scenario Primary Energy Consumption (MTOE) Crude Oil Consumption (MTOE) UK 212 Canada 12 South Korea 24 S. Korea 13 France Germany 258 311 Germany 118 Canada 33 Russia 13 India 433 3.8% of total India 135 3.4% of total Japan Russia 58 685 Japan 222 China 2,3 China 376 USA 2,299 USA 885 5 1, 1,5 2, 2,5 2 4 6 8 1, 53% of primary energy consumed by 5 countries India is the 5th largest consumer of Primary Energy India CAGR (1998-28): 4.8% vs. Global CAGR: 2.4% (1) Annualized crude oil production rate of 26.24 mmboe in Q2 FY21 (2) Annualized crude oil delivery rate of 26.9 mmboe in Q2 FY21 World oil consumption (28): 3,928 MTOE India is the 4th largest consumer of Oil comprising 3.4% of total India CAGR (1998-28): 3.9% vs. Global CAGR: 1.3% (1) 1 BCM of Natural Gas = 6.2898 MMBOE 7 OIL at a glance India s premier Oil & Gas company engaged in the exploration, development, production and transportation of crude oil and natural gas in India Acreage Domestic acreage: 117,622 1 square kilometers; International acreage: 41,273 square kilometers Reserves Est. independent proved plus probable crude oil reserves: 575 mmboe Est. independent proved plus probable natural gas reserves: 399 mmboe Management Professionally managed company with experienced management with a proven track record Credit rating Size ICRA has assigned an A1+ (A one plus) rating to Rs. 5 billion short-term debt programme of OIL indicating highest safety Revenue: USD 1,677 m (FY9) and USD 1293 m (Q3-21) PAT : USD 46m (FY 9) and USD 467m (Q3-21) Market cap : USD 6,37 mn 2 A corporate citizen committed towards corporate social responsibility, environment protection, implementation of safety measures & conservation of natural resources 1. Excluding blocks provisionally awarded in NELP VIII 2. As of 29 rd October 29 8

Oil India Investor Presentation Q1-Q3 H1 FY29 FY21 Sector outlook and opportunities OIL India An overview Business structure, performance and strategy Financial performance Rich heritage of building a company Independent India s first commercial oil discoveries were made by Assam Oil Company Nahorkatiya, Assam 1953 Moran, Assam 1956 Incorporated as Joint Sector Company on 18 February, 1959 2/3 rd Owned by Assam Oil Company / Burmah Oil Company 1/3 rd Owned by Government of India Became a Public Sector Undertaking, GOI on 14 October, 1981 Five decades of experience in Exploration & Production Second largest national oil and gas company in India Achieved overwhelming response in its maiden public issue on 3 September 29 1

Select highlights for FY21 OIL s shares listed in Mumbai Stock Exchange on 3.9.29. Achieved the highest daily rate of natural gas production of 6.67 MMSCMD in North East and potential of.93 MMSCMD in Rajasthan. Performance during April-Dec, 29 : Parameter Unit Apr-Dec 9 % Increase over Apr- Dec 8 Drilling Mtrs 17,328 32.8 Crude Oil Production MBBL 19.21 2.73 Crude Oil Delivery MBBL 19.36 3.7 Natural Gas Production BCM 1.83 5.84 11 11 Select Highlights of 29-1 Completed 66 Km long NRL Siliguri Product Pipeline. LPG plant completed 26 years of continuous service with excellent track record of 99% Plant Load Capacity. Made one hydrocarbon discovery (Umatara -1) in Assam. Provisionally won 9 blocks in NELP-VIII round - the highest so far by OIL - 2 as Operator, 1 as Joint Operator and PIs in 6. The first Operator to commence drilling in NELP VI block in October, 29. Commenced drilling in Libya as Operator in October, 29. Duliajan Numaligarh Gas Pipeline (DNPL) Project likely to be completed by March, 21. Revisiting PMS through a consultant. Revisiting Long Term Strategic Plan. 12 12

Shareholding pattern 11.9% 3.3% 3.5% 2.5% Promoters (GOI) Public & Others MF.3% 78.4% Bodies Corporate FII FI / Banks Key shareholders Indian Oil Corporation Bharat Petroleum Corporation Hindustan Petroleum Corporation ICICI Prudential Life Insurance HDFC Standard Life Insurance Prudential India Equity (FII) SBI Life Insurance % Shareholding 4.45% 2.23% 2.23% 1.35%.71%.34%.31% OIL SHARE PERFORMANCE VS ONGC'S SHARE PRICE (3.9.29 TO 21.1.21) 14 14 135 135 Listing :Listed on the BSE and NSE on 3 th Sept 29 Number of shares :24.45 mn Dividend :FY9 dividend per share of Rs. 35 Share price (H/L) :Rs.1374 / Rs.119 Market Cap :Rs.286 cr / USD 6.37 bn Share Price (Rs) 13 125 12 115 11 15 3-Sep 1-Oct 5-Oct 6-Oct 7-Oct 8-Oct 9-Oct 12-Oct 14-Oct 15-Oct 16-Oct 17-Oct 2-Oct OIL SHARE PRICE 21-Oct 22-Oct 23-Oct 26-Oct 27-Oct 28-Oct 29-Oct 3-Oct 3-Nov 4-Nov 5-Nov 6-Nov 9-Nov 1-Nov 11-Nov 12-Nov 13-Nov 16-Nov 17-Nov 18-Nov 19-Nov 2-Nov 23-Nov 24-Nov 25-Nov 26-Nov 27-Nov 3-Nov 1-Dec 2-Dec 3-Dec 4-Dec 7-Dec 8-Dec 9-Dec 1-Dec 11-Dec 14-Dec ONGC SHARE PRICE 15-Dec 16-Dec 17-Dec 18-Dec 21-Dec 22-Dec 23-Dec 24-Dec 29-Dec 3-Dec 31-Dec 4-Jan 5-Jan 6-Jan 7-Jan 8-Jan 11-Jan 12-Jan 13-Jan 14-Jan 15-Jan 18-Jan 19-Jan 2-Jan 13 125 12 115 11 15 13 Oil India Investor Presentation Q1-Q3 H1 FY29 FY21 Sector outlook and opportunities OIL India An overview Business structure, performance and strategy Financial performance

Key lines of business Exploration Production Transportation Downstream Domestic: 23 exploration blocks through NELP 1 International: Egypt, Gabon, Iran, Libya, Nigeria, Timor Leste and Yemen 2 Reserves (2P): Total reserves est. 974 mmboe; Crude Oil est. 575 mmboe 3 ; Natural Gas est. 399 mmboe 4 Discoveries: 11 Small to Medium 5 size discoveries from Fiscal 27 to Fiscal 29 and nine-month period ending 31st Dec 29 5 years of experience in Oil & Gas production Crude oil: 4 installations and est. 1,315 km of internal crude oil pipelines grid; Apr- Dec FY1 production of 19.64 mmboe Natural gas: 29 installations and est. 571 km of internal gas network pipelines grid; Apr-Dec FY1 production of 11.52 mmboe Advanced Recovery Techniques - Artificial Lifting, Enhanced Oil Recovery and horizontal drilling Crude Oil: 1,157 km crude oil pipeline with an annual capacity of over 44 mn barrels Multi-Product: 66 km pipeline from NRL1 to Siliguri with an estimated capacity of 2.13 million kiloliters of refined petroleum products Overseas pipeline: 1% equity stake in a 741 km pipeline in Sudan Natural Gas: 23% stake in the 192 km DNPL 3, which proposes to lay a 192 km pipeline project to transport natural gas from Duliajan to Numaligarh Refining and marketing petroleum products: 26% equity stake in NRL 1 Gas cracker project: 1% equity stake in BCPL 2 Acquiring, transporting and distributing natural gas - 23% equity stake in DNPL 3 City gas business - Signed MOU with GAIL, IOCL and BPCL 1. 27 blocks acquired in 7 rounds of NELP and 4 relinquished. 9 blocks have been provisionally awarded under NELP VIII. 2. Participating interests in exploration and development blocks 3. Oil Reserves exclude participatory interest in Kharsang; Based on our unaudited independent proved plus probable crude oil reserves as of 31 st March 29; Include certain reserves attributable to condensate from non-associated gas reservoirs 4. Based on our unaudited independent proved plus probable natural gas reserves as of 31 st March 29; Includes certain reserves attributable to fuel gas consumption 5. Small to Medium size discoveries: Estimated proved plus probable reserves size of less than 3 million barrels of oil and oil equivalent gas 6. MMBOE Million Barrels of Oil Equivalent 1. NRL Numaligarh Refinery Limited 2. BCPL Brahmaputra Cracker and Polymer Limited 3. DNPL Duliajan-Numaligarh Pipeline Limited 15 Reserves Overview (3P) Total reserves (mmboe) 27 28 29 Total Reserves (mmboe) 1,55 1,542 Crude Oil Natural Gas 1, 471 1,39 472 999 543 1,5 Reserves CAGR: 2.4% 1,511 1,471 Overall (O+OEG) 1,471 1,511 1,542 1,45 27 28 29 1. OEG Oil Equivalent Gas 16

Exploration Blocks : National Presence 6% RJ-ONN AA-ONN 3% 6% 6% RJ-ONN RJ-ONN ASSAM +AP AA-ONN AA-ONN 9% 85% 75% RJ-ONN AA-ONN 2% AAP-ON 16% AA-ONN 85% AA-ONN 15% 6% RJ-ONN AA-ONN 1% 15% GK-OSJ-3 MN-OSN 2% MZ-ONN 75% Summary of Acreage (sq. km.) 41,273 5,368 4,811 1 6,41 19,227 Strong presence in prospective East Coast KG-DWN 15% KG-DWN 1% KG-ONN 9% MN-DWN 2% WB-ONN KG-DWN 25% 1% Map Not to Scale 82,175 2 PEL Nomination PML Nomination JV/PSC (NO) NELP (Operator) NELP (NO) Overseas (PI) Total Area 158,895 Sq. Km KG-DWN 2% AN-DWN 1% CY-DWN 2% NO Non-operator PI Participatory Interests 1. Includes a 4% PI in the Kharsang fields of area 11 sq. km. NELP I-VII Nomination ML(s)/PEL(s) JVC Blocks OIL as Operator 17 Exploration Acreages Operator Blocks (NELP) 11 19,227 1 2 1 6 1 8,885 7,65 Non-Operator Blocks (NELP) 12 82,175 1 4 1 1 2 3 37,66 22,829 16,14 899 275 1,518 4,97 11 1,6 II IV V VI VII All Onshore I II III IV VI VII 4 Onshore, 1 Offshore & 7 Deepwater Petro. Mining License (PML) 1 Petro. Exploration License (PEL) JV/Production Sharing Contract (PSC) PML Areas 19 4,811 PEL Areas 16 5,368 Pre-NELP JV/PSC (Non Operator) 3 6,41 15 2 2 11 5 1 1 1 3,735 4,852 5,725 616 46 516 35 11 Assam Arunachal Pradesh Rajasthan Assam Arunachal Pradesh Assam & AP Kutch Offshore Kharsang Area (Sq.km.) Blocks Block category Blocks Area (Sq.km.) Map Not to Scale 18

NELP VIII: Blocks provisionally awarded Name of the Block Operator Area Type Area (sq. km.) OIL s P. I. (%) Consortium Partners (PI) AA-ONN-29/4 OIL Assam Onland 84 5 ONGC-5% CY-OSN-29/2 OIL Cauvery Basin Shallow Offshore 1,621 5 ONGC-5% AA-ONN-29/3 ONGC Assam Onland 84 5 ONGC-5% BGEPIL-3% KG-DWN-29/1 BGEPIL Krishna-Godavari Basin Deep Water 1,8 15 ONGC-45% APGIC-1% AN-DWN-29/1 ONGC Andaman Basin Deep Water 4,981 3 ONGC-7% AN-DWN-29/2 ONGC Andaman Basin Deep Water 3,995 4 ONGC-6% AN-DWN-29/3 AN-DWN-29/18 ONGC & OIL (Joint) ONGC Andaman Basin Andaman Basin Deep Water Deep Water 3,992 4,4 4 3 ONGC-6% ONGC-6% GAIL-1% ONGC-5% KG-OSN-29/4 ONGC Krishna-Godavari Basin Shallow Offshore 835 3 NTPC-1% APGIC-1% OIL as Operator 19 Overseas Exploration and Development Blocks 5 5 25 (Sonatrach) 7,87 2,71 6,629 LIBYA Area 86 Area 12/4 Area 95/96 EGYPT* Block 3 Block 4 IRAN Farsi Offshore 8,287 2,6 25 (GSPC) 3,5 2 (OVL) 17.5 (Suntera) 2,94 NIGERIA OPL 25 YEMEN Block 82 Block 83 1,857 364 15 (Medco) 45 3,761 GABON Shakti TIMOR LESTE* Block K 2,384 12.5 (Reliance) 17 Blocks 1 Total Area 41,273 sq.km. Operator Area (Sq. Km) OIL s Participating Interest (%) * Government approval is awaited OIL also holds a 1% equity stake in 741 km crude oil pipeline in Sudan 1. Participating Interest in exploration and development blocks 2

Exploration and Development Growth Mapping (Acreage) Acreage (Sq. Km) 18 16 14 ~ 11 Times Growth 1 Current Acreage Domestic = 117,622 sq.km Overseas = 41,273 sq.km 12 1 8 6 4 2 Nomination Including Pre- NELP JVs (Till 1998) Growth NELP (1999 onwards) + Overseas (25 onwards) Very limited Scope for Growth Operation Area NE, RJ, UP, Uttarakhand Competition Level Playing Field Operation Area Pan India + Overseas 21 E&P Infrastructure in India State-of-art exploration facilities 3 (2D-2, 3D-1) Seismic Crew 11 Drilling Rigs 14 W/over Rigs 6 Logging trucks 1 Mud logging Unit 22 22

E&P Infrastructure in India 7 Production Installations Globally comparable Production & transportation facilities >5 Km Oil & Gas Pipelines Pipeline to Deliver Crude Oil to 4 Refineries NSPL Product Pipeline No. of Pump Station 1 No. of Terminal Station 1 149535 KLs Crude Storage 23 23 Crude Oil and Natural Gas Reserves Crude Oil Reserves (mmboe) Natural Gas Reserves (mmboe) Overall Reserves (mmboe) 1,8 1,8 1,8 1,5 1,5 1,5 1,471 1,511 1,542 1,2 9 1, 1,39 999 1,2 9 1,2 9 829 933 974 6 3 54 588 575 283 296 285 6 3 543 471 472 399 345 289 233 247 169 6 3 452 529 532 27 28 29 27 28 29 27 28 29 Has improved the overall reserves available consistently over the past 3 years through enhanced oil recovery methods and aggressive exploration Proved Proved & Probable Proved, Probable & Possible 24

Crude Oil and Natural Gas Production Crude Oil Production (mmboe) Natural Gas Production (mmboe) 3 3 25 22.17 22.38 24.95 25 2 18.7 19.21 2 15 1 15 1 14.24 14.72 14.27 1.88 11.52 5 5 26-7 27-8 28-9 Apr-Dec 8-9 Apr-Dec 9-1 26-7 27-8 28-9 Apr-Dec 8-9 Apr-Dec 9-1 Crude oil production during Apr-Dec 29 increased by 2.73% over Apr-Dec 28 to 19.21 mmboe 1 Natural gas production during Apr-Dec 29 increased by 5.84% over Apr-Dec 28 (1) 1 BCM of Natural Gas = 6.2898 MMBOE 25 Crude Oil and Natural Gas Sales Crude Oil Quarter on quarter sales (mmboe) Natural Gas Sales (mmboe) 8. 7. 6. 6.57 6.25 6.22 6.38 6.79 6.55 5 4 5. 4. 3 2.86 2.79 2.53 2.96 2.89 3.5 3. 2 2. 1. 1. Q2 9 Q3 9 Q4 9 Q1 1 Q2 1 Q3 1 Q2 9 Q3 9 Q4 9 Q1 1 Q2 1 Q3 1 26

Low Lifting and Finding costs Lifting Costs (US$/boe) Finding Costs (US$/boe) Production Cost NG (US$/MMBTU) FY29 6.81 FY29 2.99 FY29 1.17 FY28 7.1 FY28 1.83 FY28 1.11 FY27 4.8 FY27 1.81 FY27.77 FY26 5.23 FY26 1.8 FY26.96 2 4 6 8 1 2 3 4..2.4.6.8 1. 1.2 1.4 (1) BOE: Barrels of Oil Equivalent 27 Healthy reserve replacement ratio Crude Oil and Natural Gas (O+OEG) FY29 169 FY28 24 FY27 24 FY26 159 FY25 176 5 1 15 2 25 Adequate reserve replenishment 28

Realized Price Realized Price ($/barrel) 1 8 CAGR (FY7 9) = 13.% 83.22 81.69 95.8 6 64.96 58.13 55.56 6.64 66.25 57.11 4 45.68 29.55 38.47 41.22 43.2 4.54 2 FY27 FY28 FY29 Q3 FY29 Q3 FY21 1 Gross Realized Price Realized Price after Subsidy/Discount Net Realized Price Current subsidy burden only on auto fuels 29 Impact of discount Particulars FY 29-1 FY 28-9 Q1 Q2 Q3 Q1 Q2 Q3 Q4 TOTAL US $ / BBL Pre - Discount 57.49 67.39 73.89 121.54 114.16 54.27 44.64 81.69 Less: Discount 1.84 1.45 15.11 4.48 47.65 16.79 3.6 26.13 Post Discount 55.65 56.93 58.78 81.6 66.51 37.48 41.58 55.56 US $ Mn Discount 12 72 1 252 31 18 18 657 Statutory Levies 2 14 2 49 6 21 4 127 Impact on PBT 9 55 81 23 25 87 14 53 Impact on PAT 6 39 53 133 165 57 1 35 3

Strategic Initiatives Increase in Exploratory and Development Drilling Meterage. Increase in Work Overs. Enhanced Water Injection to Increase Production. Endeavour to Enhance LPG production through NGL Recycling. Endeavour to Reduce Gas Flaring / Pollution by Inducting LNG Technology. Completed Preliminary Activities in order to Develop CNG Network in Assam 31 31 Business strategy 1 Geographic Diversification of Upstream Assets 5 Application of Advanced Recovery Techniques to improve the Recovery rate Capacity augmentation to increase water injection in matured fields combined with in-fill drilling to drain the reservoirs more effectively Installation of modern Artificial Pumping and Lifting equipment Implementation of Water Arrest techniques Achieve balanced growth of portfolio through acquisition of new assets Pursue selective bidding strategy in future rounds of NELP in India Integrated business portfolio leading to stable long-term shareholder value addition 2 Increase Reserves and Production Conduct detailed 2D and 3D seismic data Acquisition, Processing and Interpretation (API) in blocks Drill Exploratory wells and Development wells in identified blocks 4 Selectively diversify our domestic operations through Downstream Integration Pursue strategy of vertical integration Diversify sources of revenue through investments in downstream sectors such as refining and processing Improve profitability by extending operations into higher margin segments of product value chain 3 Monetisation of Gas reserves in the Upper Assam Basin Commercialize existing natural gas reserves in the Upper Assam basin through upstream and downstream investment Improve utilisation of natural gas through the implementation of advanced technology and techniques 32

Oil India Investor Presentation Q1-Q3 H1 FY29 FY21 Sector outlook and opportunities OIL India An overview Business structure, performance and strategy Financial performance Revenue and profitability Revenue and profitability analysis (USD mn) 2, Revenue CAGR: 1.5% 1,677 Income PAT 1,6 1,242 1,239 1,41 1344 1293 1,2 8 4 379 317 367 46 467 454 FY26 FY27 FY28 FY29 Q3 FY29 Q3 FY21 Exchange rate 1 USD = 48.52 INR used for figures upto FY29; for Q3 FY29 and Q3 FY21, actual exchange rates have been used. 34

Networth and Book Value Networth (USD mn) and Book Value Analysis (USD) 3,2 Networth CAGR: 16.6% Networth (LHS) Book Value (RHS) 2,98 2 2,7 2,2 1,7 1,2 7 1,22 5.7 1,46 6.6 1,629 7.6 1,935 9. 2,241 1.5 12.4 15 1 5 2 (3) FY26 FY27 FY28 FY29 Q3 FY29 Q3 FY21 35 Cash Flow and EBITDA Margin Cash Flow (USD mn) EBITDA (USD mn) and EBITDA MARGIN (%) 6 5 4 344 391 532 45 9 8 7 6 5 43% 42% 44% 66% 81% 9% 8% 7% 6% 5% 3 275 4 734 723 767 4% 2 3 533 586 3% 2 2% 1 1 1% FY27 FY28 FY29 Q3FY89 Q3FY91 FY27 FY28 FY29 Q3FY89 Q3FY91 % Consistent and Attractive Cash Flow EBITDA EBITDA MARGIN 36

Dividends distribution and Earnings per share highlights Dividends distribution Earnings per share and Debt-Equity ratio 35 34 33 32 31 3 29 28 33.93 35 33.56 32.9 275 265 26 3.19 FY26 FY27 FY28 FY29 32 3 28 26 24 22 12 1 8 6 4 2.14.12x 14 97.12 86 83.1 72.8.6x.6.4.2x.2.6x.1x FY26 FY27 FY28 FY29 Q3 FY21 Dividend Payout (%) - LHS Dividends (%) - RHS Earnings per share (INR) Debt/Equity The dividend per share has shown a consistent uptrend Steady increase in EPS and minimal debt on the balance sheet 37 Investment Plans Exploration & appraisal activities Development Activities Capital Equipments & Facilities Total INR Million 29-1 132 4929 417 2211 21-11 15278 5527 2693 23498 211-12 1912 9888 3423 32431 Total 474 2344 1286 7829 INR Million Overseas Projects Acquisition & Diversification Grand Total INR Million US$ Million 254 1673 26278 584 193 22563 47964 166 3878 27 36579 813 8285 2457 11821 2463 38

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