Inox Wind Limited

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Greening l N B l A ClN : L31901 HP2009PLC031083 Corporate Office: INOX Towers, Plot No. 17, Sector-I 6A, Noida-201301, Uttar Pradesh, India. Fax: +91-120-6149610 1 www.inoxwind.c

3.3 MW

RDER BOOK & MANUFACTURING CAPACITY  WIND O&M BUSINESS  FINANCIAL HIGHLIGHTS Actual image of 3.3 MW WTG erected at our Gujarat site 2 OPERATIONAL HIGHLIGHTS 3 OPERATIONAL HIGHLIGHTS Key High

150 MW

ets given it’s size and competitiveness.  Over the quarter we have commenced supplies towards the 150 MW order bagged from NTPC, which is one of the largest orders awarded by any PSU, post transition in

200 MW

any PSU, post transition in the wind sector.  We have recently been awarded with another order of 200 MW by NTPC. This order value is upwards of Rs. 1250 Crs. This order is in addition to the order of 15

Rs. 1250

We have recently been awarded with another order of 200 MW by NTPC. This order value is upwards of Rs. 1250 Crs. This order is in addition to the order of 150 MW won by us in FY 22.  Completed the down sale

50 MW

ddition to the order of 150 MW won by us in FY 22.  Completed the down sale of one of the SPVs of 50 MW (SECI 1) to Torrent Power.  The execution of the Continuum and Nani Virani (SECI II SPV) projects

Rs. 236

issioning of turbines is taking place progressively.  Wind business has recorded total revenue of Rs. 236* Crs in Q1 FY23 as compared to Rs. 184 ** Crs in Q4 FY22. * Includes ~ Rs. 25 crs being supplies t

Rs. 184

rogressively.  Wind business has recorded total revenue of Rs. 236* Crs in Q1 FY23 as compared to Rs. 184 ** Crs in Q4 FY22. * Includes ~ Rs. 25 crs being supplies to the stepdown subsidiary Nani Virani wh

Rs. 25

ed total revenue of Rs. 236* Crs in Q1 FY23 as compared to Rs. 184 ** Crs in Q4 FY22. * Includes ~ Rs. 25 crs being supplies to the stepdown subsidiary Nani Virani which has got eliminated in the consolidat

Rs. 46

o the stepdown subsidiary Nani Virani which has got eliminated in the consolidation. ** Includes ~ Rs. 46 crs of other income. 4 OPERATIONAL HIGHLIGHTS.... Key Highlights:  As a part of strategic init

Rs. 370

e O & M Company • IGESL has already filed DRHP with SEBI encompassing primary offer aggregating to Rs. 370 Crs and equal amount of OFS by promoter company IWL. https://www.sebi.gov.in/filings/public-issues

1488.7 MW

s/jun-2022/inox-green-energy-services- limited_59829.html  Our consolidated order book stands at 1488.7 MW. 5 STRATEGIC INITIATIVES - A. MONETIZATION OF ASSETS AND MAKING WIND BUSINESS NET DEBT FREE Mo

“ We believe the 3.3 MW WTG will be a game changer for the Indian markets given it’s size and competitiveness.”

“PRODUCT MIX AND PRODUCT LAUNCH Product Mix and EPC  Aiming to mitigate the EPC related risks by preferring for equipment supply contracts over turn key contracts.”

“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.”

“India has announced a renewable energy target of 175 GW by 2022 and a target of 450 GW by 2030.”

“One of the major initiatives taken by MNRE in respect of off shore development of wind energy, is to invite bids equivalent to a project capacity of 4 GW per year for the period of 3 years starting from FY 22-23, off the coasts of Tamil Nadu and Gujarat for sale of power through open access/captive/bilateral third party sale/merchant sale.”

“Tower capacity can also be outsourced depending on project location.”

Key Highlights

2

Key Highlights

 The Company has erected its first 3.3 MW WTG successfully in Gujarat for which trial runs are ongoing and post the testing and certification, serial supplies will commence given the supply chain is already in place.  We believe the 3.3 MW WTG will be a game changer for the Indian markets given it’s size and competitiveness.  Over the quarter we have commenced supplies towards the 150 MW order bagged from NTPC, which is one of the largest orders awarded by any PSU, post transition in the wind sector.  We have recently been awarded with another order of 200 MW by NTPC. This order value is upwards of Rs. 1250 Crs. This order is in addition to the order of 150 MW won by us in FY 22.  Completed the down sale of one of the SPVs of 50 MW (SECI 1) to Torrent Power.  The execution of the Continuum and Nani Virani (SECI II SPV) projects are at an advance stage of completion.  Various retail orders are progressing well and commissioning of turbines is taking place progressively.  Wind bu

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 • IGESL has already filed DRHP with SEBI encompassing primary offer aggregating to Rs. 370 Crs and equal amount of OFS by promoter company IWL. https://www.sebi.gov.in/filings/public-issues/jun-2022/inox-green-energy-services- limited_59829.html  Our consolidated order book stands at 1488.7 MW. 5 STRATEGIC INITIATIVES - A. MONETIZATION OF ASSETS AND MAKING WIND BUSINESS NET DEBT FREE Monetization of O&M Business Wind Business to be Net Debt Free  Initiated process for monetization of O&M business:  Hived off EPC business from IGESL to another subsidiary of IWL  IGESL to remain