Investor Presentaiton

23 | Drivers of growth of Solar glass manufacturing in India Recent announcements by various Module Manufacturers/ Solar Plant Developers to add 37 GW of module manufacturing capacity taking the same to about 50 GW over next 3 years Antidumping Duty (ADD) on solar tempered glass imports from China since August 2017 Potential to increase export of Solar Glass A very good potential to increase exports to Europe, Americas, Russia, Turkey and MENA due to renewed focus on domestic modules manufacturing in Solar PV (ADD applicable on Chinese glass in EU and Turkey) Levy of a Countervailing Duty (9.71%) on the Solar tempered Glass imports from Malaysia since March 2021 Shift towards Glass-glass and Bifacial modules globally Budget 2021: Established a level playing field between DTA and SEZ Units SEZ units now need to pay Antidumping duty/ CVD on inputs used for goods sold in DTA area. Increased demand expected for domestic solar glass. BOROSIL renewables

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