Inox Wind Limited

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e. These forward looking statements, which may include statements relating to future state of affairs, results of operations, financial condition, business prospects, plans and objectives, are based on t

3.3 MW

HLIGHTS 4 OPERATIONAL HIGHLIGHTS Key Highlights:  The Company has commenced the production of 3.3 MW WTG. The first WTG has been produced and dispatched to site; the erection and commissioning of whi

150 MW

arkets given it’s size and competitiveness.  During the year the Company bagged a repeat order of 150 MW from NTPC, which is one of the largest awarded by any PSU, post transition in the sector.  The C

112 MW

of the largest awarded by any PSU, post transition in the sector.  The Company has commissioned 112 MW during FY 22 as compared to 80 MW in FY 21.  Execution of the Continuum project, Nani Virani (SEC

80 MW

, post transition in the sector.  The Company has commissioned 112 MW during FY 22 as compared to 80 MW in FY 21.  Execution of the Continuum project, Nani Virani (SECI II SPV) and various retail order

1304.7 MW

uate provisions for receivables pertaining to FIT regime.  Our consolidated order book stands at 1304.7 MW. 6 STRATEGIC INITIATIVES - FY22 & ONWARDS  Initiated process for monetization of O&M business:

Rs. 500

GESL has accorded fresh approval for fund raising by way of an IPO for an amount aggregating up to Rs. 500 crs.  The Committee of the Board of Directors for Operations of IWL has accorded approval to parti

Rs. 400

in the proposed IPO of IGESL by an offer for sale of equity shares for an amount aggregating up to Rs. 400 crs. Balance Sheet Improvement(s)  The Company (IWL) has received ‘in-principle’ approval from B

Rs. 402.50

nds by way of preferential allotment of securities to Promoter and and non Promoters to the tune of Rs. 402.50 crs  The funds so raised will be utilized to meet long term working capital requirement and to de

2 MW

t supply contracts over Product Mix and EPC turn key contracts.  More options to the customers: 2 MW & 3.3 MW turbines.  The Company has commenced the production of 3.3 MW WTG. Product Launch  Th

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x Leisure Ltd Market leader in diverse set of industries: Significantly ahead of nearest competitors 10 INOX WIND, IT’S HOLDING COMPANY & SUBSIDIARIES Inox Wind Energy Limited (IWEL) 54.71%* Inox Wind

54.71%

competitors 10 INOX WIND, IT’S HOLDING COMPANY & SUBSIDIARIES Inox Wind Energy Limited (IWEL) 54.71%* Inox Wind Limited (IWL) 100%* 93.84%* Resco Global Wind Services Pvt Ltd (RGSPL) Inox Green

“The first WTG has been produced and dispatched to site; the erection and commissioning of which will be completed in the next couple of days.”

“We believe this WTG will be a game changer for the Indian markets given it’s size and competitiveness.”

“ Execution of the Continuum project, Nani Virani (SECI II SPV) and various retail orders is progressing well and commissioning of turbines is taking place progressively.”

“402.50 crs  The funds so raised will be utilized to meet long term working capital requirement and to deleverage the business.”

“7 STRATEGIC INITIATIVES - FY22 & ONWARDS  Aiming to mitigate the EPC related risks by preferring for equipment supply contracts over Product Mix and EPC turn key contracts.”

“Product Launch  The first WTG has been produced and dispatched to site; the erection and commissioning of which will be completed in next couple of days.”

“Going forward we expect 3~5 GW of wind installations will take place every year.”

“ The RPO target has been increased to 21% for FY22 for state discoms, up from 17% in FY19.”

“14 SIGNIFICANT MARKET OPPORTUNITIES OPENING FOR IWL  Major thrust in renewable sector:  India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030.”

“ There is significant demand which is visible from Group Captive and C & I segment of customers due to:  Ensuring long term hedging of energy cost  ESG compliance  Energy security  Hybrid Tenders are increasingly gaining traction wherein the minimum wind capacity will be 33% of the contracted capacity – bids for 3960 MW of hybrid auctions have been awarded by SECI in the past 3 years.”

Key Highlights

2

Key Highlights

 The Company has commenced the production of 3.3 MW WTG. The first WTG has been produced and dispatched to site; the erection and commissioning of which will be completed in the next couple of days. We believe this WTG will be a game changer for the Indian markets given it’s size and competitiveness.  During the year the Company bagged a repeat order of 150 MW from NTPC, which is one of the largest awarded by any PSU, post transition in the sector.  The Company has commissioned 112 MW during FY 22 as compared to 80 MW in FY 21.  Execution of the Continuum project, Nani Virani (SECI II SPV) and various retail orders is progressing well and commissioning of turbines is taking place progressively. 5 OPERATIONAL HIGHLIGHTS....

Key Highlights

 As a part of strategic initiatives for monetisation of O & M business: • the EPC business has been hived off by way of slump sale from IWL’s subsidiary Inox Green Energy Services Limited – IGESL (formerly Inox Wind Infrastructure Services Limited – IWISL) to another subsidiary RESCO Global Wind Services Pvt. Ltd – RGSPL, effective 31st December, 2021. • Post the hive off, IGESL remains a pure O & M Company  Post the transition pain, the Company has now taken multiple actions on the balance sheet front including raising long term capital through preferential allotment, approval of IGESL’s IPO, diversifying the customer base to PSUs and C & I and launching the 3.3 MW WTG. With these strategic actions, the platform is ready for significant growth quarter on quarter.  Putting in place conservative policy of Expected Credit Loss, we have already made adequate provisions for receivables pertaining to FIT regime.  Our consolidated order book stands at 1304.7 MW. 6 STRATEGIC INITIATIVES -