Investor Presentaiton

AEL: MSPVL - Key Investment Highlights Attractive growth potential - India's thrust to develop solar power generation Supportive Government policies - Make in India, capital subsidy & other incentives Strong sponsorship - AEL 51% & Promoter Group 49% Moderate technology risk - best in class technology with in-house R&D Strong track record of execution of large size and complex projects World class manufacturing facility with BNEF* and DNV.GL^ accreditation adani Note: * BNEF - Bloomberg New Energy Finance 34 ^ DNV GL - Det Norske Veritas & Germanischer Lloyd (international accredited registrar and classification society)

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