Indian Energy Exchange Limited

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& Consumption Indian Generation Mix: Apr-Feb FY’26 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s

3%

ndian Generation Mix: Apr-Feb FY’26 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity

10%

ation Mix: Apr-Feb FY’26 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewable

6%

Apr-Feb FY’26 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewables contrib

9%

Y’26 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewables contribute 26% to

2%

est Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewables contribute 26% to generation •

71%

erway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewables contribute 26% to generation • Inter-reg. trans. Cap.: 1

26%

lar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewables contribute 26% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 143 GW (FY’27); 168 GW (FY’32) • >5.

119 GW

% of India’s electricity ▪ Renewables contribute 26% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 143 GW (FY’27); 168 GW (FY’32) • >5.00 Lakh CKM of trans. Lines (Jan’26); 6.48 Lakh CK

143 GW

ectricity ▪ Renewables contribute 26% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 143 GW (FY’27); 168 GW (FY’32) • >5.00 Lakh CKM of trans. Lines (Jan’26); 6.48 Lakh CKM (FY’32) • One

168 GW

ewables contribute 26% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 143 GW (FY’27); 168 GW (FY’32) • >5.00 Lakh CKM of trans. Lines (Jan’26); 6.48 Lakh CKM (FY’32) • One Nation One Grid

“Draft NEP ➢ Consumption Target - Per Capita electricity use 2,000 kWh by 2030; over 4,000 kWh by 2047.”

“• Other Developments: o VGF based BESS Tranche 1: 13,200 MWh; FY24 to FY27 Tranche 2: 30,000 MWh; FY25 onwards o Q4 FY’26: NVVN awarded BESS tender of 250 MW (2-Hour, 2 Cycle) at Rs.1.77/unit; GUVNL awarded 335 MW (2-Hourr, 2 Cycle) at Rs.2.06/ unit; SJVN-Haryana awarded 250 MW (2-Hour, 2 Cycle) at Rs.”

“• Ministry of Coal target to produce 1.5 BT coal by FY 2030 to advance vision of Atma-Nirbhar Bharat; India plans ~45 new coal mines by 2030.”

“• Starting FY26, mandatory blending of CBG at 1% —scaling up to 5% by FY29 —will mainstream CBG into gas supply chain.”

In this presentation

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Consumption

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Generation

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Increased opportunity for Exchanges due to

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Growth Levers for IEX

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Facilitates trade for

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Shareholders

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In this presentation

Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 2 Power Sector Summary Generation Mix Transmission Distribution & Consumption Indian Generation Mix: Apr-Feb FY’26 World’s Largest Network Reforms Underway Others 1% Nuclear 3% Hydro 10% Wind 6% Solar 9% Gas + Diesel 2% ▪ Thermal generates 71% of India’s electricity ▪ Renewables contribute 26% to generation • Inter-reg. trans. Cap.: 119 GW (FY’25); 143 GW (FY’27); 168 GW (FY’32) • >5.00 Lakh CKM of trans. Lines (Jan’26); 6.48 Lakh CKM (FY’32) • One Nation One Grid • Green Corridor: RE rich states; projects for evacuation of RE into National grid • 99.9% times no congestion Coal + Lignite 69% • Improving credit ratings and profitability of distribution companies • Generators being paid on timely basis • DISCOMS resorting to power procurement optimization Source: CEA, NLDC, MoP 3 Energy Sector Transition Nuclear 9GW 2% Thermal Cap 249 47% RE & Hydro 275 51% Mar’26 Installed Capacity 53

Consumption

• North India has high demand in Summers/Paddy season • Lift irrigation/Agricultural demand of Telangana between August to October.

Increased opportunity for Exchanges due to

o Diversity in Power Consumption/Supply o Increased demand during solar hours due to load shifting & TOD tariff 245 225 205 185 165 145 30000 25000 20000 15000 10000 5000 0 All India Demand Profile Demand Met (GW) – 24th Sep 2025 Demand Met (GW) - 14th June 2019 IEX Demand Profile 11 9 7 5 3 1 -2 1 2 3 4 6 7 8 9 11 12 13 14 16 17 18 19 21 22 23 24 Buy Bid (MW) Sell Bid (MW) Cleared (MW) MCP (Rs./kWh) 15 Growth Driver 6: Increasing Sell Side Liquidity • • • Currently, 41 GW Thermal Power Projects under construction; ~13 GW to be commissioned; ~27 GW under planning and tendering stage; ~9 GW added in FY’26. ~50GW RE capacity added in FY’26. CEA projects ~50 GW of annual capacity addition till 2035-36 - Thermal addition of 67 GW to 315 GW and Renewable capacity addition of 500 GW to ~850 GW; Part capacity expected to be merchant. Supply side to remain robust with these additions. • Ministry of Coal target to produce 1.5 BT coal by FY 2030 to advance vision of Atma-Nirbhar Bharat; India pl

Growth Levers for IEX

Increase in Demand and Supply Large Capacity Addition in RE and Storage and Declining Costs Favorable Regulatory and Policy Framework for Market Development 1 2 3 4 Diversification 20

In this presentation

Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 21 Customer Centricity • • Capacity building workshops for all Discoms Promoting Open Access through State wise conferences and seminars • Web Platform “EnergX” Financial Reconciliation • Digital On-boarding • • Web-based Bidding for all Products across Electricity and Certificate segments • Easy access to Trade and Obligation Reports • Analytics for effective Bidding decision making • Role based effective User Access Management • • Bidding APIs for all Products across Electricity and Certificate segments Back Office APIs for Trade and Obligation Reports Constant endeavor to enhance the Pre-Bidding, Bidding, and the Post Bidding Experience for our Customers 22 Technology Implementations • • Robust Business Continuity implementation with RTO (Recovery Time Objective) of 5 minutes and RPO (Recovery Point Objective) of near Zero Implementation of best-in-class Perimeter Firewall and Pan

In this presentation

Sector and Business Update Customer Centricity and Technology Financial Performance Indian Gas Exchange 24 Robust Financial Performance of IEX Consolidated Financials Rs Cr 657.4 588.4 429.2 747.0 671.2 492.9 Breakup of standalone revenues (%) Q4FY25 Q3FY26 Q4FY26 FY26 Transaction Fees 78.7% 76.0% 85.4% 78.4% FY25 FY26 Total Revenue EBITDA PAT Admission and Annual Fees 3.2% 3.3% 3.2% 3.3% 174.6 157.9 117.1 183.1 163.5 119.1 196.4 175.9 129.8 Other Income 18.1% 20.7% 11.4% 18.3% Total 100% 100% 100% 100% Q4FY25 Q3FY26 Q4FY26 Total Revenue EBITDA PAT Robust business model and financial strength 25 ESG Leadership in Power Exchanges Environmental Leadership • • • IEX, India’s First Carbon Neutral Power Exchange since FY’22 First to launch Green segment in India’s power markets. ICX, India’s sole issuer of International RECs (I-RECs) Social Leadership • Nearly INR 945 lakh spent as part of CSR initiative in healthcare, education and vocational skills, heritage restoration, and women empower