Recent 4 GW Project Win Is Value Accretive slide image

Recent 4 GW Project Win Is Value Accretive

A Growing Balance Sheet Cash, Cash Equivalents and Current Investments* As at March 31, 2019 (in million) As at March 31, 2020 (in million) INR INR US$# 10,545 9,792 129.9 Property, Plant & Equipment, Net 83,445 95,993 1,273.4 Net Debt# 59,014 73,780 978.6 *Does not include Current and Non-Current Restricted cash of INR 5,225 million (US$ 75.9 million) as on March 31, 2020. # Is net of hedging derivative value and cash and cash equivalents. The hedging asset was US$ 29.4 million for the year ended March 31, 2019 and US$ 83.5 million for the year ended March 31, 2020. The increase in derivative asset is directly proportionate to the devaluation of INR versus the US$. ## Exchange rate- INR 75.39 to US$1 (New York closing rate of March 31, 2020). 22 | Copyright © 2020 Azure Power | www.azurepower.com Azure Power®
View entire presentation