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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, Apr 14
04:15 Electronic Card Retail Sales (MoM) 1 -0.8% 0.3%
04:15 Electronic Card Retail Sales (YoY) 1 -1.6% -4.2%
04:15 Visitor Arrivals (YoY) 1 1.1% 13.4%
12:00 Producer and Import Prices (YoY) 1 -0.1% -0.1%
12:00 Producer and Import Prices (MoM) 1 0.1% 0.2% 0.3%
17:30 OPEC Monthly Market Report 1
18:00 Wholesale Sales (MoM) 1 0.4% 1.2%
21:00 3-Month Bill Auction 1 4.175%
21:00 6-Month Bill Auction 1 4%
21:30 Fed's Barkin speech 2
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