1
2	Table of Contents Company Overview Investment Highlights Business Overview Financial Overview
3	1. Company Overview
4	Jaypee Group - Structure
5
6	2. Investment Highlights
7	Investment Highlights Engineering & Construction Leading Engineering & Construction Company in India Clear Competitive Advantage Growth Potential in Hydropower E&C Business Cement Dominant Low Cost Producer of Cement Strong Cement Demand in the Central Zone High Margin Build-Own-Operate Hydropower Business JAL’s Track Record of Strong Growth India’s Strong Economic Prospects
8	Leading Engineering & Construction Company in India The largest market share in the Indian Hydropower E&C/EPC universe Awarded contracts in 54.3% of all new hydropower projects under India’s 10^th Five Year Plan Currently executing 11 contracts worth Rs 8,200 crores (US$ 1.82 bn) over the next 6 years Workforce of over 30,000
9	JAL’s Clear Competitive Advantage Fully integrated organizations offer superior solutions with optimum coordination and efficiency, eliminating interface problems and delays
10	Development of Indian Power Infrastructure
11	Ministry of Power Has Recognized the Potential of Hydropower The Indian Ministry of Power (“MOP”) has plans to reach a goal of additional 20,000+ MW hydropower capacity during the 11^th Five Year Plan (2007-12).
12
13	JAL is the Dominant Low Cost Producer of Cement in its Natural Marketing Zone JAL is a major player in its natural marketing zone, comprising the states of Uttar Pradesh, Madhya Pradesh and Bihar. Jaypee Cement is also the largest exporter of cement and clinker to Nepal.
14
15	Guaranteed Margins - BOO Hydropower Business
16	BOO Hydropower Businesses Offer Excellent Overall Growth
17
18	India’s Strong Economic Prospects India has achieved strong positive ratings momentum driven by the strengthening of India’s external liquidity and dynamic economic growth prospects
19	3. Business Overview
20	Corporate Vision & Strategy
21	Key E&C Business Opportunities The Five-Year Plan initiatives create several business opportunities for JAL’s E&C Business Central government E&C / EPC contracts State government E&C / EPC contracts State government BOO contracts Private sector E&C/BOO contracts
22	JAL’s E&C Competitive Advantage JAL is able to undertake contracts at exceptionally low cost levels without sacrificing quality of execution through its unique cost control measures
23
24
25
26
27
28	BOO Hydropower Subsidiaries JAL is currently developing and operating 3 separate BOO projects that have been spun-off to become wholly-owned subsidiaries of JAL
29	Hospitality Business Overview JHL, a subsidiary of JAL, establishes and operates hotels of an international standard. JHL is presently operating four five-Star hotels with over 660 rooms in aggregate.
30	4. Financial Overview
31
32	Jaiprakash Associates Limited Shareholding Pattern as on 30^th Sep 2004
33	Key Group Financials
34	Selected JAL Financial Ratios
35
36	5. Conclusion
37	JAL Has Excellent Growth Opportunities India’s strong economic expansion and infrastructure development has provided JAL with tremendous growth opportunities Engineering & Contract Established track record as the leading hydropower E&C company New cement plant in fastest growing market of the North Zone will have an incentive on production tax for 10 years Clear competitive advantage Immense growth potential in Indian hydropower Cement Dominant low cost producer of cement Strong cement demand in JAL’s natural marketing zone Substantial revenue and profitability contribution from Build-Own-Operate Hydropower Business Expressways and Real Estate
38	THANK YOU