Port. Indian. Port Industry. Steel. Tyre. otel. Pesticide. The. oal. nking Express Service. Housing Finance. Renewable Energy Source.

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1 inum Banking Cotton & Cotton Ya Construction Educat Chlor-Alkali CRAMS Crude Oil Gems & J Natural Gas Pesticides Power Generation Steel Pa anganese Ore Pharmaceutical Refining & Marketing Reta ight Transport Shipping Sugar Tractor Telecom Tower Wheeler S Tyre Tea-Cfee Telecom-Wireless Energy Sources n Made Fibre Paper Pipe Roads & Highway Zinc & Lea Housing Finance Hospital Passenge Shipbuilding Renewable Energy Source Aluminum Cotton & Cotton Yarn Tracto Cement Commercial Vehicle omponent Business Process Management (BPM) arel oal otel nking Express Service Steel Two Wheeler Express Service ads Freight Transport Gems & Jewellery ed Passenger Vehicle CRAMS October 2013 Pesticide Cr Natural Gas

2 Coal, iron ore, container and POL put together constituted about 80 per cent the total traffic handled by both major and non-major ports during the period FY Coal, iron ore, container and POL accounted for major share among the total cargo handled at ports. Annual traffic at ports to grow at a moderate CAGR during the Twelfth Five Year Plan Planning Commission has estimated total traffic at ports to grow at a CAGR about 14 per cent during the Twelfth Five Year Plan. However, given the plethora issues surrounding the projects in the power, steel and coal sectors coupled with the slowdown in overall economic growth, CARE Research expects the overall traffic at ports to grow at a moderate rate during the Twelfth Five Year Plan. Coal (thermal and coking coal) forms the 2nd largest commodity handled by ports which accounted for about 17 per cent the total traffic in FY12. With increasing quest for thermal and coking coal and rising dependence on imported coal, CARE Research expects the share coal traffic at ports to rise by the end FY17. share iron ore traffic handled by the ports during last couple years has been on the declining trend. Further, in view rising trend domestic steel producers using iron ore fines coupled with high export duty, CARE Research expects the share iron ore in total traffic to decline by the end FY17. Share Coal traffic at ports to rise, while share iron ore traffic to decline up to FY17... share traffic handled by Non-Major ports to increase going ahead traffic handled at non-major ports during the Eleventh Five Year plan grew at a CAGR 13.7 per cent surpassing the growth in traffic at major ports at a CAGR mere 3.8 per cent during the same period. CARE Research expects that the traffic at nonmajor ports will continue to surpass the traffic growth at major ports going ahead. Consequently, the share traffic handled by non-major ports in overall traffic is expected to witness a rising trend. overall capacity utilization at ports declined during the Eleventh Five Year Plan led by incremental growth in capacity as against the growth in traffic. capacity at ports grew at a CAGR 11.1 per cent while the traffic grew at a CAGR 7 per cent. CARE Research expects the overall capacity utilization at major ports to decline. However, the utilization level at non-major ports is expected to rise going ahead led by strong growth in traffic. Overall capacity utilization at ports to decline going ahead

3 Outlook on Overview Overall traffic scenario Major ports Commodity-wise traffic POL Coal Iron ore Container traffic Section- I Care Research's Outlook Trend share traffic at major and non-major ports Capacity addition and utilization levels at major & non-major ports Private participation in the port sector Brief snapshot the port sector FDI and key policy initiatives Traffic growth at major and non-major ports Commodity wise traffic handled at ports Section- II Section Maritime state-wise performance non-major ports Utilization rate major ports Volume world trade and industrial production Acquisitions in the port sector Transhipment hubs Traffic at major ports Capacity addition at major ports Utilization level and other performance indicators Non-Major ports Maritime stat wise analysis traffic Commodity wise traffic at non-major ports Detailed analysis port performance at different states Gujarat o Maharashtra o Goa o Tamil Nadu o Karnataka o Kerala o Andhra Pradesh o Puducherry o Andaman and Nicobar Key challenges Poor road and rail connectivity at ports Longer gestation period Regulated tariff at major ports

4 Shorter lease period for land use at major ports In-adequate draft at ports Higher capacity utilization at major ports Regulator Frame work legislation and structure Tariff Authority Major s (TAMP) Non-major port state maritime boards Ministry Shipping Other key agencies involved in development port sector Procedure to set up captive jetties Models or Operating Structures for ports Major priles Chennai Kolkata Haldia Jawaharlal Nehru Kandla Mormugao Mumbai New Mangalore Paradip Visakhapatnam Cochin V.O.Chidambaranar Ennore Essar s Ltd. Gujarat Pipavav Ltd. Adani s and Special Economic Zone Ltd. SECTION- III Company Section Key characteristics port sector in India SECTION- IV Anexures Meanings some important terms used in port or shipping Outlook Traffic projection at ports Crude oil import and production Projection crude oil import Trends POL production, consumption, import and exports Projection POL production, imports and exports Trend LNG imports List s SECTION - I CARE Research's Outlook

5 Overview Major ports Projected crude oil & POL scenario in FY17 Projected coal demand supply scenario Projected coal requirement by imported coal based power plants Projected coking coal requirement Projected coal traffic scenario in FY17 Iron ore statistics Projected iron ore traffic scenario in FY17 Commodity wise capacity at the end FY12 wise capacity expansion by the end FY17 for non-major ports wise capacity expansion by the end FY17 for major ports connectivity rail projects Status some key dredging projects SECTION - II Section Number major and non-major ports across east and west coast in FY12 Details captive jetties/private ports in India Status setting Maritime Boards Investment planned under Maritime agenda Commodity wise traffic at major and non-major ports Share commodity wise traffic at major and non-major ports State wise details traffic handled at non-major ports Capacity addition by small & medium players Trend total traffic handled at major ports Trend share major ports in total traffic handled Comparison growth (CAGR) during the Eleventh Five Year Plan Trend port wise capacity at major ports Trend average pre-birth time wise entrance channel depth wise trend POL traffic wise trend share in total POL traffic wise trend POL capacity wise trend total coal traffic wise trend share in total coal traffic wise trend share in total iron ore traffic wise trend container traffic wise trend share in total container traffic Non-Major ports State wise trend traffic at non-major ports Commodity wise traffic at non-major ports Trend share various commodities in total traffic at non-major ports Trend port wise traffic at Gujarat Trend port wise traffic at Maharashtra Trend port wise traffic at Tamil Nadu

6 Trend port wise traffic at Karnataka Trend port wise traffic at Kerala Trend port wise traffic at Andhra Pradesh Trend port wise traffic at Andaman and Nicobar Key challenges Details entrance channel depth Major priles Chennai port Kolkata Haldia Jawaharlal Nehru Kandla Mormugao Mumbai New Mangalore Paradip Visakhapatnam Cochin V.O.Chidambaram Ennore

7 Essar Ltd. Details Key Financials Financial & Pritability Ratios Corporate Actions and Remarks Gujarat Pipavav Ltd. Details Key Financials Financial & Pritability Ratios Corporate Actions and Remarks Adani s and Special Economic Zone Ltd. Outlook Details Key Financials Financial & Pritability Ratios Corporate Actions and Remarks SECTION III Company Section List Graphs SECTION - I CARE Research's Outlook Share POL in total traffic handled by major and non-major ports Trend share coal traffic handled by major and non-major ports Trend share iron ore traffic handled by major and non-major ports Share traffic major and non-major ports in FY12 Projected share traffic major and non-major ports in FY17 Trend overall traffic handled by ports and capacity utilisation Trend capacity utilization level at major and non-major ports Year-wise award port projects under PPP Overview Traffic handled by major and non-major ports Type traffic at major and non-major ports Trade volume index World Trade volume index - Emerging Asia SECTION - II Section Major ports Trend capacity addition at major ports Utilisation level at major s in FY12 wise share POL handled by major s in FY12 Trend POL capacity utilization level at major s Trend coal traffic at major ports Trend iron ore traffic at major ports Trend iron ore capacity at major ports Trend container traffic at major ports Trend container capacity at major ports

8 Non-Major ports Trend traffic at non-major ports in Goa Trend traffic at Puducherry Essar Ltd. Cost break up (FY13) SECTION III Company Section Gujarat Pipavav Ltd. Cost break up (FY13) Adani s and Special Economic Zone Ltd. Cost break up (CY12)

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