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Thursday, April 17, 2008

GMR Infrastructure - Updates

GMR Infrastructure Ltd has informed that GMR Energy Ltd (GEL), the Company's 100% Subsidiary Company has acquired 5% stake in Homeland Mining and Energy SA (Pty) Ltd, South Africa, subsidiary of Homeland Energy Group Ltd, Toronto Canada.

Homeland Mining & Energy SA (Pty) Ltd. holds license for several coal mining projects in
South Africa. This acquisition would ensure fuel security for GMR Group's power projects in India and such a transaction also acts as a catalyst in the development of the energy
business of the Group. GEL also maintains option to acquire an additional 45% stake in
Homeland Mining and Energy SA (Pty) Ltd.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Jun 16
17:45 Housing Starts s.a (YoY) 1 279.5K 248.0K 278.6K
18:00 NY Empire State Manufacturing Index 2 -16.0 -5.5 -9.2
21:00 3-Month Bill Auction 1 4.24% 4.25%
21:00 6-Month Bill Auction 1 4.155% 4.150%
22:30 20-Year Bond Auction 1 4.942% 5.047%
Tuesday, Jun 17
02:30 Westpac Consumer Survey 2 89.2
04:15 Food Price Index (MoM) 1 0.8%
18:00 Retail Sales ex Autos (MoM) 2 0.1% 0.1%
18:00 Retail Sales (MoM) 3 -0.7% 0.1%
18:00 Retail Sales (YoY) 1 5.2%
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