Power & Instrumentation (Gujarat) Limited, has been awarded with the contract for the Development of Substation at Sardar Vallabhbhai International Airport, Ahmedabad, Adani Group. Ahmedabad International Airport Ltd., (Adani Group) ("Employer") issued Letter of Award ("LOA") dated 04.05.2024 to M/s. Power & Instrumentation (Gujarat) Ltd. ("Contractor") Development of Substation for Terminal 2 at Sardar Vallabhbhai International Airport, Ahmedabad ("Airport") (Adani Group) ("Project") as per agreed scope of work and fulfillment of obligations under the said LOA. Whether order(s) /contract(s) have been awarded by domestic /international entity: Domestic Entity.

Nature of order(s) /contract(s): Development of Substation for Terminal 2 at Sardar Vallabhbhai International Airport, Ahmedabad ("Airport"). Whether domestic or international: Domestic. Within 4 months from the effective date i.e. 7th May, 2024.

Broad consideration or size of the order(s) contract(s): INR 20,93,26,922 includes all the applicable taxes and duties including GST @ 18% (Excluding Labor cess @1%) for the development of the Project.