Q3 FY24 Distribution Update

Q3 FY24 Highlights Portfolio Update Won two greenfield ISTS transmission projects with an expected total capex of ~INR 1,000 crore. Both projects won through TBCB mechanism and to be developed on BOOT basis for a period of 35 years. First utility scale BESPA* in India executed with BRPL on TBCB basis for a 20 MW / 40 MWh capacity. Signed SPA with ReNew Solar Power Pvt Ltd (RSPPL) to acquire their 300 MW (AC) solar asset at an enterprise valuation of INR 1,550 crores (excluding NWC and cash). Raised INR 670 crores through Institutional Placement. Total ~INR 1,070 crores raised in equity / unit capital in 9m FY2023-24. Internal restructuring process underway to reduce legal entities (at present 38) for simplification of corporate structure and efficient operations Financial Performance Q3 FY24 Revenue & EBITDA witnessed 28% and 27% YoY growth respectively; Q3 FY24 EBITDA includes full quarter revenue from the VRET assets Q3 FY24 collections at 94% for transmission assets and 111% for Solar assets Quarterly DPU continued at 3.55; performance on track to meet the FY24 DPU guidance of 14.10 AUM at 267 billion; Net Debt/AUM at ~61.6% - well below the 70% cap as per SEBI regulations Operational Performance ☐ Average availability -99.68% Solar CUF maintained at 18.9% (including VRET SPVs) Won the 'Information Technology Project of the Year – India' award at Asian Power Awards for DigiGrid. *Battery Energy Storage Purchase Agreement ^ BSES Rajdhani Power Ltd IndiGrid Superior Total Returns Sustainable Increase in DPU Stable Operations 6

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