Investor Presentaiton

TATA POWER Mundra & Coal - Strengthening the fundamentals Fuel Under- recovery Merger KPC Mining License • • Discussions in advanced stages with GUVNL for a supplementary PPA (SPPA) GUVNL has requested continuation of power supply under the draft SPPA effective 1st Jan 2022 Discussions with other states underway based on above SPPA TATA . Merger has become effective since 1st April 2020 pursuant to NCLT Order and filing with Registrar of Companies The Merger provides several administrative and financial synergies Carried forward depreciation & business losses are 12,690 crores & 3,822 crores resp Secured extension of license for 10 years; further extendable as per extant regulations Mining license area 61,543 Ha - reserves of around 886 Million tons • Royalty: Domestic PLN sales - 14%; Exports - Graded basis (Note 1) Corporate Tax reduced from 45% to 22% • 10% of Profit to be shared with Government Note 1: Royalty is based on sales price - 14% for <USD 70; 17% for USD 70-80; 23% for USD 80-90; 25% for USD 90-100 and 28% for >USD 100. Reference rate is for 6,322 gar (GCV) coal and will be adjusted for the GCV of the exports 7

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