Investor Presentaiton

21 | Borosil Renewables Ltd (BRL): A Growth Story Anti dumping margin of 40% is established India imposes Anti-Dumping Duty on Chinese imports to promote CPSU/KUSUM schemes, domestic manufacturing linked solar "Aatmanirbhar Bharat". Focus on manufacturing in India • Imposition of Countervailing Duty on solar glass imports from Malaysia Basic Customs Duty on imports of solar cells (25%) & modules (40%), PLI scheme and ALMM • Glass-Glass Bifacial modules on rise The Solar Glass market against Chinese domestic projects manufacturing Solar PV market 2021 internationally seeing high growth along- worldwide goes imports in EU 2020 through upheavals 2019 2017 with key domestic 2015 • Corporate restructuring across Borosil Group ☐ initiatives • 2012 2008 GBL moves to capitalize the GBL secures its market position GBL benefits in significant opportunity in through diversification focusing on the the exports segment Solar Glass domestic market GBL commissioned tempering line with capacity to fully temper lower thicknesses, going down to 2.1mm GBL added a second furnace with 240 TPD as per schedule within 14 months • GBL did a complete rebuild of its first furnace taking up the capacity to 210 TPD ■ BRL announces doubling the manufacturing capacity, to add a 3rd furnace with 550 TPD (expected to be completed by Q3 CY22). Capacity to reach 1000 TPD. In view of the robust demand for domestic solar modules, the demand for solar glass is set to rise. ■ BRL plans to add 4th and 5th furnace OF 550 TPD each (expected to be commissioned in Q4CY23 and Q4CY24) BOROSIL renewables

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