NCC Infrastructure Holdings Limited (NCCIHL) is a wholly owned subsidiary of Nagarjuna Construction Company Ltd., and was incorporated in May 27, 2005. NCCIHL is an investment vehicle of NCC for investment in BOT/BOOT projects and the joint ventures with which NCC is associated. NCCIHL has invested over Rs.1500 million in such SPVs.

Areas of Operation	SPVs

Projects On Hand:

• Rs.2480 million Bangalore – Maddur state highway project in Karnataka on annuity basis which has declared commercial operation in June, 2006.



• Rs. 5350 million NHAI road project connecting Meerut – Mujaffarnagar in Uttar Pradesh on toll basis. The project company has declared financial closure in October 2006 and the project is under implementation.



• Rs.7760 million Bangalore Elevated Corridor Project connecting Bangalore city with Electronic City on toll basis. The project company has declared financial closure in October 2006 and the project is under implementation.



• Rs. 5850 million Orai – Bhognipur road project in Uttar Pradesh on annuity basis. The project company has declared financial closure in November 2006 and the project is under implementation.



• Rs. 14500 million, 280 MW Hydro Power Project in Sikkim. The financial closure is expected in the next six months.



• Rs. 6000 million, 100 MW Himachal Sorong Project. The financial closure is achieved in June 2007.



• Rs. 2850.00 million, Km 0.00 to km 37.920 on National Highway No.66 (NH-66) Pondicherry-Tindivanam. Project started on 19th July 2007.