Investor Presentaiton

17 | BOROSIL renewables Indian solar Industry: Growth Drivers and enablers National Solar Mission Targets 100 GW of Installed Capacity by 2022 which is targeted to grow to 300 GW by 2030. Need annual solar installations of 25 GW to achieve the target SECI Tenders Tenders by SECI for large ISTS connected projects assuring offtake and payment security to the project developers Kusum Program 30.8 GW by 2022 with an incentive for farmers to install Solar Pumps/Grid Connected Projects etc. with domestic content requirement for Solar Cells and Modules to boost Domestic Manufacturing. This is expected to be 110 GW by 2030 CPSU Program 12 GW of Solar Projects proposed for Captive Power Consumption (2019 – 2023) with domestic content requirement for Solar Cells and Modules to boost Domestic Manufacturing. 5 GW capacity awarded recently to CPSUs. PLI Scheme Total Production Linked Incentive (PLI) scheme hiked to Rs. 24,000 Cr. In budget 2022 for domestic solar cell and module manufacturing up from Rs. 4,500 Cr announced earlier. This will propel domestic manufacturing of high efficiency solar modules and solar cells with further backward integration to create a robust eco system to ensure a robust supply chain for high growth. National Tariff Policy Enforcing the Renewable Purchase Obligation targets to promote constant growth of Solar Energy Solarization of Railways 500 MW of Rooftop Generation Capacity by 2022 and 20 GW of Land Capacity to be installed by 2030 for self sustenance Emergence of Electric Vehicles Emergence of Electrical Vehicles along with viable battery storage expected to lead to considerable increase in demand Demand for RTC Renewable Power Upcoming Hybrid (Wind+Solar) tenders and falling prices of storage batteries are expected to drive demand for solar power

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