Investor Presentaiton

Recent Industry Updates Imposition of Basic Customs Duty (BCD) BOROSIL renewables The customs notification has been issued on 1st February 2022 making the imposition of Basic Customs Duty (BCD) on solar cells (25%) and modules (40%) effective from April 1, 2022 following the announcement from the Ministry of New and Renewable Energy (MNRE) in March 2021. This has come into force from 1st April 2022. Production linked incentive (PLI) Scheme Production Linked Incentive (PLI) scheme for domestic solar cell and module manufacturing hiked to Rs. 24,000 Cr in the Budget 2022 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. 14 | ALMM Approved List of Models and Manufacturers (ALMM) for government-supported schemes, including projects from where distribution companies procure electricity for supply to their consumers. As a major step, the scheme was extended to all the projects under net-metering and open access projects and the same to be effective from 1st October 2022. These policy measures underline strong government support for Indian solar manufacturing Industry, now on the verge of multifold growth

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