DISTRIBUTION LICENSEE IN THE REGION SPREAD OVER 618 SQ.KM. IN THE COAL RICH INDUSTRIAL BELT OF ASANSOL- RANIGANJ IN WEST BENGAL

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2 OVER NINE DECADE POWER UTILITY WITH RENEWABLE AND NON-RENEWABLE GENERATION CAPACITIES HERITAGE ESTABLISHED IN 1919, ONE OF THE OLDEST POWER COMPANY IN INDIA LEGACY DISTRIBUTION LICENSEE IN THE REGION SPREAD OVER 618 SQ.KM. IN THE COAL RICH INDUSTRIAL BELT OF ASANSOL- RANIGANJ IN WEST BENGAL 1

3 OUR PERFORMANCE T&D LOSS 2.31% (Vs National Average ~ 25%) RELIABILITY INDEX 99.99% COLLECTION EFFICEINCY 99.15% AMR IMPLEMENTATION % (For HT Users) UNINTERRUPTED POWER SUPPLY TO CRITICAL USERS LIKE COAL MINES, HOSPITALS, SCHOOLS, PUBLIC UTILITIES, INDUSTRIAL UNITS, ETC *For RICH KNOWLEDGE OF MANAGING POWER DISTRIBUTION BUSINESS 2

4 ABOUT US COMPANY PROFILE UNDERSTANDING OUR BUSINESS MODEL BOARD/MANAGEMENT 5

5 INDIA POWER OUR VISION A leading and reliable end-to-end energy solution provider to the country OUR MISSION To empower industries and millions of humans by being the lowest cost, most reliable and environmentally sound conventional and non-conventional energy provider. 3 D s of INDIA POWER Discipline Dedication Devotion 6

6 EVOLUTION OF POWER BUSINESS 1919 Dishergarh Power Supply Company Limited was incorporated IPCL was incorporated as a Power Generation, Distribution, Transmission & Trading Company Commissioned 10.4 MW Wind Power Plant in Karnataka, India Commissioned 24.8 MW Wind Power Plant in Gujarat, India Set up India Power Corporation (Haldia) Ltd to develop Thermal Power plant in West Bengal Acquisition of DPSC Ltd, one of the oldest Power utility companies in India Started Implementing 450 MW Thermal Power Project in Haldia Commissioned 60 MW Wind Power Plant in Rajasthan, India Integration of business by merging IPCL into DPSC IPCL started distribution in Gaya - Bihar Take over MEPL 1000 MW Port Based Thermal Power Project in Nellore, Andhra Pradesh India Uniper Power Services Pvt. Ltd. - Joint Venture with Uniper Started implementing 36 MWp Solar Power Project in Uttarakhand 7

7 Span of Activities Fuel and Transportation Generation Trading Distribution Fuel Intermediation Swaymbhu Natural Resources Port and Logistics Matsya Shipping and Ports Thermal Renewable Power Plant Services 12 MW - Dishergrah (Operational) 3 x 150 MW - Haldia (Commissioning in 2017) 2 x 150 MW - Unit 1 (Operational) 2 x 350 MW - Unit 2 (Under Construction) 1000 MW Meenakshi 95 MW - Wind Power Plant at Karnataka, Gujarat & Rajasthan (Operational) 2 MW - Solar Power Plant at Seebpore [West Bengal] (Operational) 30 MW - Solar Power Plant at Uttarakhand (COD - 31 st Mar 17) JV with Uniper (part of E.On) India Power Trading Pvt. Ltd. Licensee Franchisees SEZs and Industrial Areas 618 Sq Km - In Asansol- Raniganj Belt in West Bengal Parallel License in East Mednipore - Applied Parallel License in Gurgaon - Applied 1,630 Sq Km - In Gaya in Bihar Various Upcoming Opportunities Rajasthan, Jharkhand etc. Co-Developer for SEZ in Tuticorin Deemed Distribution Licensee

8 India Power s Geographic Spread 12 MW Generation Distribution Thermal Renewable Locations Dishergrah (Operational) 3 x 150 MW Haldia (Commissioning in 2017) 2 x 150 MW C Unit 1 (Operational) 2 x 350 MW Unit 2 (Under Construction) Meenakshi A B 95 MW Wind Power Plant at Karnataka, Gujarat & Rajasthan (Operational) 2 MW Solar Power Plant at Seebpore [West Bengal] (Operational) 30 MW D Solar Power Plant at Gadarwara [Uttarakhand] (COD in FY17) E F 618 Sqm In Asansol-Raniganj Belt in West Bengal Franchisee 1,630 Sqm In Gaya in Bihar G H Jaisalmer Rajkot and Jamnagar D Chitradurga D D F C Meenakshi Gadarwara Gaya, Bihar H A E G West Bengal Asansol-Raniganj Belt B Dishergrah Seebpore A G E B Haldia

9 ABOUT US COMPANY PROFILE UNDERSTANDING OUR BUSINESS MODEL BOARD/MANAGEMENT 10

10 UNDERSTANDING OUR BUSINESS MODEL DISTRIBUTION PORTFOLIO GENERATION PORTFOLIO DISTRIBUTION LICENSEE In operations for 97 years (since July 1919) Spread over 618 sq. km in Asansol Durgapur- Ranigunj area in Burdwan District of West Bengal T&D Loss levels ~2.3% (One of the lowest in India) which was 5% at the time of takeover Grid reliability of 99.99% (One of the highest in India) 100% AMR, Pre Paid Meter and SAP System are implemented DISTRIBUTION FRANCHISEE In operations for 2 years (since June 2014) - Located in Gaya Bodhgaya Manpur area in Gaya District of Bihar Spread over 1630 sq. km and served 1,50,000 consumers T&D Loss levels : 68% in June 2014 (at takeover) 46% in March 2016 Power Supply : 11 Hours in June 2014 (at takeover) 23 Hours in March

11 OPPORTUNITIES IN POWER DISTRIBUTION GOVERNMENT MONOPOLY IN POWER DISTRIBUTION LOW RISK REGULATED BUSINESS The distribution sector has been a monopoly of the Government owned SEBs with very limited involvement of the private sector. Pre-existing private licensees such as Tata Power, BSES, DPSC, CESC etc. represent barely 3% of the total distribution business in the country. In order to overcome various Operational Inefficiencies as well as to Introduce Competition, various Initiatives have been introduced. Regulated returns Input costs (Fuel & Energy Cost, Admin expenses, Finance Cost, depreciation etc.) are pass through as per CERC norms 16.5% ROE guaranteed on regulated capex PRIVATIZATION IN POWER DISTRIBUTION Privatization of Distribution becoming a reality 255 Towns identified by Shunglu Committee for Implementation of Distribution Franchise PPP model introduced by B K Chaturvedi report Significant Central Government plans to develop distribution business GoI has created R-APDRP program with an outlay of ~ US$ 10 billion Several Innovative schemes like RGGVY / Demand Side Management are being successfully implemented Open Access / Feeder Separation APTEL has ordered for Regular revision of Tariff by SERCs Efficient DISCOM management can lead to significant improvements 13

12 DISTRIBUTION MODELS DISTRIBUTION MODELS STATE DISCOMS LICENSED COMPANIES PPP MODELS OPEN ACCESS IN DISTRIBUTION PARALLEL DISTRIBUTION LICENSE DISTRIBUTION FRANCHISE Key Rationale To Increase Competition in Retail Improvement in Operational efficiencies & Consumer Service Delivery Key Rationale To Increase Price Competition in Retail Improvement in Operational efficiencies & Consumer Service Delivery Key Rationale Major Focus on Reduction in AT&C Losses Improvement in Operational efficiency Example Mumbai - Post the High Court Decision Tata Power uses the Rinfra network for Retail supply Example Mumbai Parallel License given to Reliance Infra & Tata Power Examples Bhiwandi Franchise Torrent Power Gaya Franchisee IPCL Agra Franchise Torrent Power Muzaffarpur Essel Aurangabad GTL Jalgaon Crompton 14

13 UNDERSTANDING DISTRIBUTION FRANCHISE Distribution Franchise Model Initiative to overcome problems affecting the Power Distribution segment High AT&C Losses, Poor Infrastructure, Weak Financial Investments & Lack of Customer Orientation. HIGH TECHNICAL & COMMERCIAL LOSSES AVOIDANCE OF CAPITAL INFRASTRUCTURE T&D Losses at National Level 25-30% T&D Losses in some selective Pockets as high as 70-80% THE NEED FOR DISTRIBUTION FRANCHISE Low Investments in R&M & Up gradation of Infrastructure due to Poor Financial Condition Large States Require Investments in the range of Rs bn TRANSPERACY & ACCOUNTABILITY The Relatively Small size of Distribution Areas bring the entities closer to the Consumer and thus Improving the Transparency OVERCOMING POWER DEFECIT The Peaking Power Deficit in the Country is around 15%. The franchise can arrange Power from its own sources to reduce Load shedding 15

14 DISTRIBUTION FRANCHISEE- GAYA, BIHAR DISTRIBUTION FRANCHISEE (DF) GAYA, BIHAR Has won the Distribution Franchisee (DF) business of Gaya town and adjoining area of about 1650 sq kms, from South Bihar Power Distribution Company Limited (SBPDCL). Performing the role of a franchisee for procurement of power from the South Bihar Power Distribution Company Ltd (SBPDCL) and supplying to the consumers in the Distribution Franchisee area which covers area of Gaya town and adjoining areas. As per DF Agreement, franchisee will procure power from DISCOM at agreed Input Rate and supply power to consumers at tariff fixed by the State Electricity Regulatory Commission (ERC) Regulated Tariff. Taken over operations since 1 st June 2014 Key Statistics as on 31 st December 2016 No of Consumers 1,70,000 Connected Load 240 MW Input Energy (Annual) 660 MU T&D Losses 58% Collection Efficiency 95% The very objective of DF mode of business is to reduce the AT&C losses in the system and bring in operational efficiency in the network. Therefore opportunity for the franchisee is to reduce the Aggregate Technical and Commercial (AT&C) losses thereby improve the billing and realization from the consumers. T&D losses have been brought down to 58% and targeted to bring down to 15% 16

15 GROWTH OUTLOOK DISTRIBUTION PORTFOLIO DISTRIBUTION BUSINESS LOW RISK WITH REGULATED RETURNS Regulated assets (Distribution business) provides downside protection to returns (variable costs are pass through and 16.5% ROE is guaranteed) Upside originating from operational efficiencies (cutting AT&C losses & Lower working capital requirement) Currently generating more than 20% ROE on Asansol Distribution License due to Operational Efficiencies CURRENT CAPEX ON EXPANSION Asansol - Only private sector distribution licensee in the license area. Other distribution companies are DVC (Central Govt.) and WBSEDCL (State Govt.). Current Capex being undertaken to grow distribution business in and around the licensed area of Asansol and Distribution franchise model in Gaya, Bihar Operational assets in distribution sector is difficult to replicate and has significant barrier to entry. Scaling of power generation capacity to support the growth in distribution FUTURE GROWTH THROUGH FOCUS ON DISTRIBUTION FRANCHISEE AND LICENSEE OPPORTUNITIES Company has over 9 decades of expertise in managing Power distribution business Meets majority of the qualification criteria (Experience as well as Technical) Among few utilities in India to qualify and bid for Distribution Franchise Model providing scope for expansion Focus is on Parallel License opportunities. 17

16 UNDERSTANDING OUR BUSINESS MODEL DISTRIBUTION PORTFOLIO GENERATION PORTFOLIO WIND POWER GENERATION (OPERATIONAL) - RAJASTHAN 60.0 MW GUJARAT 24.8 MW KARNATAKA 10.4 MW THERMAL POWER GENERATION DISHERGARH 12 MW (OPERATIONAL) 300 MW (OPERATIONAL) NELLORE 700 MW (IMPLEMENTATION) HALDIA 450 MW (UNDER IMPLEMENTATION) SOLAR POWER GENERATION SEEBPORE, WB 2 MW (OPERATIONAL) UTTARAKHAND- 36 MWp (IMPLEMENTATION) 18

17 HALDIA PLANT UNDER IMPLEMENTATION Plant Rated Capacity Location Size Generation Type Fuel Source Power Offtake Power Evacuation Targeted COD HALDIA PLANT 450 MW Haldia in Purba Medinipur District, West Bengal 3 Units of 150 MW each Coal fired Thermal Power Plant Imported Coal from Indonesia & Domestic Coal Long term PPA with WBSEDCL for 300 MW of power under regulatory tariff (15.5 % ROE). Balance 150MW on merchant basis. Through the substation of WBSETCL, at a distance of 2.6 Kms Unit I - February 2017 Unit - II - June 2017 Unit III - Dec 2017 India Power Corporation (Haldia) Limited setting up a 450 MW Port based thermal Power Plant at Haldia, West Bengal. Long term PPA already approved for 300 MW under regulated Tariff with Post tax 15.5 % Return on Equity (ROE) All regulatory clearances have been received The other 150 MW to be supplied to Asansol Distribution License Area resulting into Alternative & Cheaper source of Power Financial Closure for the project has been achieved Main equipment (BTG) is supplied by BHEL, rest BOP through reputed vendors Project implementation is in full swing Resource Availability :- Land Acquired entire land required for the project Water Water available from HDA (In Rs. Cr.) Total Infused Till Requirement Dec 2016 Project Cost Equity Debt

18 MEENAKSHI ENERGY LIMITED India Power has acquired 1000 MW thermal power plant of Meenakshi Energy which has owned by French power giant ENGIE. The company has coal-fired thermal power plant in Nellore, Andhra Pradesh. The Meenakshi plant enables India Power to add the capacity of thermal power generation to its portfolio of the 1000 MW of which 300 MW is already operational and 700 MW is under advanced stage of implementation which will be commissioned by the third quarter of next year. 20

19 Plant Rated Capacity Location Size Generation Type Fuel Source Power Offtake MEENAKSHI ENERGY LIMITED MEENAKSHI PLANT 300 MW (Operational) Phase I 700 MW (Under Implementation) Phase II Nellore District,Andhra Pradesh 2X 150 MW (Operational) Phase I 2X350 MW (Under Implementation) Phase II Coal Fired Thermal Power Plant Imported Coal (Phase-I), Domestic & Imported Coal (Phase-II) APSPDCL has issued LOA to Meenakshi Energy for 200 MW of 12 years power sale from its phase I Unit at a tariff of Rs per KWH. Power Evacuation COD (Phase I): Scheduled COD (Phase II): Meenakshi Energy Limited has been operating 2X150 MW coal fired power generation units. 2x350 MW units are also under construction. LOA issued for 200 MW from Phase I All Major clearances have been obtained. The project is being implemented through separate packages. Resource Availability : Land - Acquired entire land required for the project Water - Kandaleru Creek at a distance of one kilo metres from the project site. (In Rs. Cr.) Through 400 KV Manubolu Sub-station, at a distance of 26 Km from the site. 30 th April st March 2018 Total Requirement Infused Till Dec 2016 Approved Project Cost (Phase-II) Equity Debt

20 WIND POWER GENERATION PORTFOLIO The Company has 95.2 MW of wind portfolio spread across three states Gujarat, Karnataka and Rajasthan. All the projects have Long Term PPAs of 20 to 25 years. State Project Capacity Commission Date PPA Term Gujarat 24.8 Mar Years - Executed with GUVNL Karnataka 10.4 Mar Years - Executed with BESCOM Rajasthan 52.0 Mar Years - Executed with AVVNL Rajasthan 8.0 Jan Years - Executed with JVVNL GUVNL - Gujarat Urja Vikas Nigam Ltd BESCOM - Bangalore Electric Supply Company Ltd AVVNL - Ajmer Vidyut Vitaran Nigam Ltd. JVVNL - Jaipur Vidyut Vitaran Nigam Ltd. 22

21 SOLAR PLANT SEEBPORE - OPERATIONAL IN 2008, IPCL ENTERED INTO AN ARRANGEMENT WITH WEST BENGAL GREEN ENERGY DEVELOPMENT CORP LTD TO SET UP PHOTO VOLTAIC SOLAR POWER PLANT Location: Seebpore, in Jamuria area of West Bengal (210 kms from Kolkata) Annual Capacity: 2 MW (3 million units) Eco Friendly: Saves 0.7 Metric tonnes of CO2 emission per day The project has many firsts to its credit : First in India to Cross megawatt threshold First Grid Connected Solar Power Plant in India First significant climate responsive project in South Asia 23

22 SWAYAMBHU NATURAL RESOURCES PVT. LTD. India Power's Mining operations are held through Swayambhu Natural Resources Pvt. Ltd. (SNRL), which was formed in 2011 with the purpose of sourcing thermal coal to cater to industry's needs. 24

23 INDIA UNIPER POWER SERVICES India Uniper Power Services" is a joint venture ("JV") between India Power and Germany-based company Uniper. The vision of the JV is to become customers first choice energy service provider creating and sustaining value for our customers. The JV will provide professional Asset Management, Operations and Maintenance services to customers based on experience, proven technology and practices of international standards. Thus building a strong and recognized value and services proposition in the market by leveraging local network of India Power and decades of international experience of Uniper. Our client offerings are based on an owner s approach this naturally focuses on value creation and owners interests. Service propositions are backed by a large power plant portfolio and in-house Technical & Commercial resource. Our holistic approach aims to empower customers, giving long-term clarity on costs, opportunities and risk mitigations. Bottom line performance is enhanced by flexible operation of plant, optimal organisational design & development, fuelling strategies linked to expanded site specific combustion envelopes. This joint venture combines strengths of strong partners with complementary scope and portfolio. Uniper's experience of owning and managing a portfolio of about 40 GW in various countries will allow India Uniper Power Services to adopt best practices and make thermal power plants more competitive. IPCL's expertise and knowledge of the local market will help the company become a key player in the thermal generation sector and focus on improving the efficiency of power plants in India." 25

24 MATSYA SHIPPING & PORTS PVT. LTD. Matsya Shipping & Ports Pvt. Ltd., a wholly owned subsidiary of IPCL, was incorporated primarily to foray into the Shipping & Port Sector, which could be tasked with coal movement to the Company's various plants. 26

25 IPCL POWER TRADING PVT. LTD. As for Power Trading, a wholly owned subsidiary of IPCL, IPCL Power Trading Pvt. Ltd. has been formed and has received a category-3 another state trading license from the Central Electricity Regulatory Commission. By virtue of this license, IPTPL can now trade up to 628 MU of electricity per annum on a pan-india basis. 27

26 KEY HIGHLIGHTS END-TO-END UTILITIES PLATFORM ROBUST BUSINESS MODEL WITH LOW RISK PROFILE HIGH VISIBILITY ON NEAR TERM EXPANSION PLANS Integrated Power Utility through multi-fuel generation capacity along with a multi- location distribution network with Strong Expertise in Distribution Business with over 95 years of experience. Owns and operates power distribution network in Asansol-Ranigunj coal belt of West Bengal with lowest T&D Loss figures in India at 3% against country average of 25% Only private sector licensee for 618 sq. kms. in Asansol-Ranigunj coal belt of West Bengal Current distribution capacity of 250MVA (Megavolt amperes) with 8 receiving stations and substations Operate Distribution Franchise for 1650 sq. km area in region of Gaya, Bihar Current generation capacity of MW MW (wind power), 12 MW (thermal) & 2 MW (Solar). Further 450 MW thermal power plant under development Regulated assets (Distribution business 16.5% ROE) provides annuity revenues and guaranteed returns. Upside originating from operational efficiencies (cutting AT&C losses, lower working capital requirement ) Currently generating over 20% ROE at Asansol Distribution License Area due to Operational efficiencies. State grid connectivity to increase power sourcing capabilities, reducing dependence on expensive source of power Generation business plans ensure relatively limited risk Ready off-take and distribution platform provide integration benefits Greater proximity to port allows attractive economies even on imported coal Distribution Business - Current Capex being undertaken to grow distribution business in and around the licensed area of Asansol and Distribution franchise model in Gaya, Bihar Generation Business - Strong growth with an increase in its generation capacity from MW in FY14 to more than 557 MW by 2016 end Implementing 450 (3*150) MW Coal fired Power Plant in Haldia with PPA signed for 300 MW. 28

27 ABOUT US COMPANY PROFILE UNDERSTANDING OUR BUSINESS MODEL BOARD/MANAGEMENT 29

28 BOARD OF DIRECTORS NAME Hemant Kanoria Chairman Sunil Kanoria Amit Kiran Deb Debi Prasad Patra Jyoti Kumar Poddar Nand Gopal Khaitan EXPERIENCE Over 35 years of experience in industry, trade and financial services Ex Chairman - National Committee on Infrastructure, Federation of Indian Chambers of Commerce & Industry (FICCI) Ex President, Calcutta Chamber of Commerce Presently Council Member of Indo-German Chamber of Commerce Was a member of regional Direct Taxes Advisory Committee Has been in the Board of Governors, of Indian Institute of Management Kolkata A Chartered Accountant with more than 28 years of experience in the financial services industry. Presently the President of The Associated Chambers of Commerce & Industry of India, nominated Council member of The Institute of Chartered Accountants of India and the Governing body member of the Construction Industry Development Council (CIDC). Presently the President of The Associated Chambers of Commerce & Industry of India (ASSOCHAM), Member of the Central Direct Taxes Advisory Committee and the Governing body member of the Construction Industry Development Council (CIDC). Holds the prestigious post as Member of the Working Group on Construction for the Tenth Five Year Plan ( ) of Planning Commission, Government of India. Served as President of Merchants' Chamber of Commerce, Federation of Indian Hire Purchase Association (FIHPA) and Hire Purchase & Lease Association (HPLA). Over 35 years of government administrative experience Retired IAS Officer Former Chief Secretary, Government of West Bengal Over 33 years of government administrative experience Retired IAS Officer Over 26 years of business experience. Handled Indian & Sri Lankan operations in solar business for Shell Solar Ltd. Over 35 years of experience in Law Committee Member of FICCI Practicing lawyer at the Supreme court and Senior Partner, Khaitan & Co. 30

29 BOARD OF DIRECTORS NAME Asok Kumar Goswami Tantra Narayan Thakur Sundareshan Sthanunathan Dipali Khanna (Ms.) EXPERIENCE 50 years of working experience in India & abroad as Executive Director and Vice President Earlier worked as Commissioned Officer in Indian Air Force & recipient of Commendation for excellence of service District, State and National Scholar, Chartered Engineer and member of different societies Bachelor of Science in Engineering from BIT, Sindri Ex -CMD of PTC India Ltd and An eminent visionary in the power sector Led the introduction of power trading in India including development of a power market Has more than 40 years of extensive experience in financial management, resource mobilization & project lending IAS officer (1976 batch) and held senior positions in the Government of India and Government of Kerala over a period of last 38 years Previously on the Boards of IOC, ONGC and GAIL and Chairman of Petronet LNG Ltd. Last assignment was as a Secretary, Department of Heavy Industry that involved supervision of the functioning of 36 Public Sector Enterprises including BHEL M.A (History) from Delhi University, M.Sc (National Security), Certificate Course from ICWAI Former officer of Indian Railway Accounts Service (1976 batch). She has retired as CEO of Indira Gandhi National Centre of Arts, New Delhi Has worked as Additional Secretary & Financial Advisor for various Ministries with the Government of India. Has also served on the Board of Directors of PSU s under the Ministry of Defence, Ministry of Power, Ministry of Tourism and Ministry of Information & Broadcasting 31

30 MANAGEMENT TEAM POWER GROUP - IPCL Name Designation Educational qualification Industry Experience Shrirang Karandikar Chief Executive Officer M.E (Electrical); PG Diploma in Project Management Has over 3 decades of multidimensional experience in business operations & development in various Power Sector Utilities. He was previously working with Crompton Greaves Limited where he has made remarkable contribution in acquiring Franchise businesses while heading the Distribution Business. Chairman, ASSOCHAM- National Council of Power Sushil Agarwal Chief Financial Officer C.A, MBA Has over 25 years of experience including 8 years of International experience in handling & strategic financial and business issues. Previous worked for Reliance ADA Group, Arcelor Mittal, Olam International, L&T & JK Tyre. Brings with him experience of fund raising from equity route (national and international) through Private Equity, Rights, QIPs, public issues (IPO/ FPO) etc. while carrying proficiency in varied functions (Strategic, Commercial and Finance) Somesh Dasgupta President (Corporate Affairs) PGDBM in HRD from IIT Kharagpur B.E. (Mechanical) from North Bengal University Has over 29 years of experience in the Industry. National President of National Institute of Personnel Management (NIPM) Chairperson of the Bengal Chamber of Commerce & Industries - People Management Committee & Member of the Central Board of Workers Education, Govt. of India Member of FICCI West Bengal State Council and also Board member of State Productivity Council. 32

31 MANAGEMENT TEAM POWER GROUP - IPCL Name Designation Educational qualification Industry Experience Sanjeev Seth President and Head- Power Distribution B.E (Electrical) Mr. Sanjeev Seth is a Techno- Commercial Management Professional with 28 years of experience in diversified Industries with Indian and Multinational Organizations like Reliance Infrastructure- BSES, Cincinnati Milacron Inc; ECE Industries Limited, Usha Telehoist Ltd. Bring him expertise and exposure of General management, Start up Operations, Change Management, Strategic Leadership, Profit and Cost Centre Management, Sales and Marketing Management, After Sales and Operations Management, Product launch, Turning around Business Performance, Capital Equipment/Project / Sales, Utility Business. Asim Kumar De President Technical Services Generation B.Tech (Instrumentation Engineering), Calcutta University. Asim served some of the very reputed global & Indian organizations in power sector. Before joining us, he served Reliance Power for 6 years, i.e., first with Rosa Power Supply Company Ltd as Station Director and then with Sasan Power Ltd as CEO (for the ultra mega power project of 4000 MW & integrated coal mines). Prior to that, he served NTPC for 28 years in various capacities. MANAGEMENT TEAM POWER GROUP IPC(H)L Name Designation Educational qualification Industry Experience Jyotirmay Bhaumik Whole-time Director (Generation) M.Tech (Thermal) from IIT Delhi; MBA (Finance) Worked for 30 years with NTPC; Experience across various functions in executive position 33

32 MANAGEMENT TEAM POWER GROUP - IUPS Name Designation Educational qualification Industry Experience Boben Anto C COO India Uniper Power Services B.E.(Mech), Govt. Engg College, Trichur, M.Tech from IIT, Delhi. MBA in International Business, Global University. He is a Fellow of Institute of Engineers (India) and also a Fellow of Institution of Valuers.) Boben has served some of the very reputed global & Indian organizations in power sector. Before joining us, Boben has served STEAG Energy Services India Ltd (SESI) as Executive Director & Head Plant Services. Prior to that, he served NTPC for 22 years in various capacities. Name Designation Educational qualification Industry Experience Kamal Kant MANAGEMENT TEAM - POWER GROUP - MEENAKSHI ENERGY LTD CEO Meenakshi Energy Limited B.E (Electrical and Electronics Engineering), Birla Institute of Technology and Science, Pilani. Diploma in Management and has done professional courses in Financial Management. Kamal Kant has served very reputed organizations in power sector. Before joining us, he has served JSW Energy Limited as Project Director for Rajasthan, Essar Power (MP) Limited as Senior Vice President, Infra Limited as Vice President. He has also served PSEG PPN operations Private limited as DGM. Prior to that Kamal has also served National Thermal Power and Corporation Limited and Crompton Greaves Limited in various capacities. 34

33 DISCLAIMER No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of the Company, which are expressed in good faith and in their opinion reasonable, including those relating to the Company's general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment. These forward-looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Any forward-looking statements made by or on behalf of the Company speak only as of the date they are made. Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company's business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments. This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. The Company may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such change or changes. This presentation may not be copied or disseminated in any manner. 35

34 India Power Corporation Ltd. Plot No. X 1,2 & 3, Block EP, Sector V, Salt Lake City, Kolkata , INDIA Phone: /08/09/10/11/12 Fax: Web: CIN-L40105WB1919PLC003263