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Investor Presentaiton

RG Assets: Portfolio RG III Azure Power Energy Limited 2026 Notes $414mn 3.575% Due 2026; Amortizing; Current o/s - $357mn RG II Azure Power Solar Energy Private Limited 2024 Notes $350mn 5.65% Due 2024 Sovereign 34% A / A+ 32% Off-taker Breakup Sovereign 20% Others 34% A / A+ 44% Off-taker Breakup Substantial offtake from highest rated counterparties Ratings as per 11th Integrated Annual Rating of State and Private power utilities issued by Ministry of Power, Govt of India in 2022. 6 | Copyright © 2023 Azure Power | www.azurepower.com Others 36% Azure Power®
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