Recent 4 GW Project Win Is Value Accretive

Reiterating FY'21 Guidance 2,650 - 2,950 MWs Operating by March 31, 2021 INR 15,800 - 16,600 million (1) of Revenue for FY'21 1Q FY'21 Revenue: INR 3,800 - 4,000 million Q1 FY'21 PLF 22%-23% 1) US$ 210-220 Mn (at March 31, 2020 exchange rate- INR75.39 to US$1) 23|Copyright © 2020 Azure Power |www.azurepower.com ® Azure PowerⓇ

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