HAR GHAR SE HAR DIL TAK Expansion

Specialty Steel: SS Pipes Outlook Robust demand expected going forward Key Drivers • · • Make in India initiative by the government providing push to local manufacturing High value business and a differentiated import-substitution play with obvious synergies with existing business and capabilities, characterized by superior margins and resilient demand High Entry Barriers due to technology capabilities as well as approvals and accreditations required from customers, process licensors, and EPC players Implementation of BIS and the proposal for Anti-Dumping Duty on substandard and cheap imports to lay a strong foundation for substantial growth Sectors & Demand Critical applications in key sectors like Power, Nuclear, Defense, Petrochemicals etc. • Demand Estimate: -65 KMT in Domestic Market and -25 KMT in Exports per Annum Visible Turnaround • Product acceptability both in the domestic and export market Moving towards higher value added grades such as Nickel Alloy, Duplex & Super Duplex Only facility which is fully integrated from SS Steel to Pipes HAR GHAR SE HAR DIL TAK WELSPUN HarDiWelspun Source: News articles, Market intelligence, Internal estimates WELSPUN CORP Pipes & Steel 16

View entire presentation