2 0 18

OVER NINE DECADE POWER UTILITY WITH RENEWABLE AND NON-RENEWABLE GENERATION

CAPACITIES

HERITAGE

ESTABLISHED IN 1919, ONE OF THE OLDEST POWER COMPANIES 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

T&D LOSS

2.31% (Vs National Average ~ 25%)

COLLECTION EFFICEINCY

99.15%

RELIABILITY INDEX

99.99% AMR IMPLEMENTATION

100.00% (For HT Users)

UNINTERRUPTED POWER SUPPLY TO CRITICAL USERS LIKE COAL MINES, HOSPITALS, SCHOOLS, PUBLIC UTILITIES, INDUSTRIAL UNITS, ETC

RICH KNOWLEDGE OF MANAGING POWER DISTRIBUTION BUSINESS *For 2016-17

OUR PERFORMANCE

2

ABOUT US – COMPANY PROFILE

3

INDIA POWER

4

OUR VISION

OUR MISSION

3 D’s of INDIA POWER

A leading and reliable end-to-end energy solution provider to thecountry

To empower industries and millions of humans by being the lowest cost, most reliable and environmentally sound conventional and non-conventional energy provider.

• Discipline • Dedication • Devotion

VALUES

• Performance - target oriented • Imagination and initiative • Employee’s empowerment • Integrity, ownership & sense of belongingness

• Constant search for opportunities • Complementary strategic alliances • Competency enhancement • Customer orientation • Corporate Overview

FOCUS AHEAD

IPCL was incorporated as a Power Generation, Distribution, Transmission & Trading Company

Set up Hiranmaye Energy Limited { formerly 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

India Uniper Power Services Pvt. Ltd. - Joint Venture with Uniper

Integration of business by merging IPCL into DPSC

Commissioned 10.4 MW Wind Power Plant in Karnataka, India

Commissioned 24.8 MW Wind Power Plant in Gujarat, India

EVOLUTION OF POWER BUSINESS 1919 Dishergarh Power Supply Company Limited was incorporated

IPCL started distribution in Gaya - Bihar

2003

2006

2007

2008

2010

2012

2012

2013

2014

2016

2016

2017

Take over MEPL 1000 MW Port Based Thermal Power Project in Nellore, Andhra Pradesh

5 36 MWp Solar Power Project in Uttarakhand-COD achieved

2006 Commissioned 5.0 MW Wind Power Plant in Maharashtra, India

Span of Activities

Licensee

Distribution Generation Trading Fuel and Transportation

Franchisees

SEZs and Industrial

Areas

India Power Trading Pvt. Ltd.

12 MW - Dishergrah (Operational) Thermal

3 x 150 MW –HEL, Haldia ( Unit 1 -Commisiioned) (Unit 2 & 3 will be commissioned in 2018)

1000 MW Meenakshi MW – 2 x 150 Unit 1 (Operational) 2 x 350 MW - Unit 2 (Under Construction) Renewable 105.2 MW - Wind Power Plant at Karnataka, Gujarat , Rajasthan & Maharashtra. 2 MW - Solar Power Plant at Seebpore [West Bengal] (Operational) 36 MWp - Solar Power Plant at Uttarakhand (COD - 31st Mar 17) Power Plant

Services JV with Uniper (part of E.On)

Fuel Intermediation

Swaymbhu Natural Resources

Port and Logistics–

Matsya Shipping and Ports

1,630 Sq Km - In Gaya in Bihar

Various Upcoming Opportunities –Rajasthan, Jharkhand , Orissa & Uttar Pradesh

618 Sq Km - In Asansol- Raniganj Belt in West Bengal

Parallel License in East Mednipore - Applied

Parallel License in Gurgaon - Applied

Co-Developer for SEZ in Tuticorin – Deemed Distribution Licensee

6

India Power’s Geographic Spread

Thermal Renewable Locations

Generation Distribution

12 MW

Dishergrah, West Bengal

105.2 MW

Wind Power Plant at Karnataka, Gujarat, Maharashtra & Rajasthan

450 MW (3 x 150 MW)

HEL,Haldia, West Bengal

Franchisee 1,630 Sqm

In Gaya in Bihar

2 MW

Solar Power Plant at Seebpore (West Bengal)

618 Sqm

In Asansol-Raniganj Belt in West Bengal

B

A

E

G

H

1000 MW Meenakshi Nellore, Andhra Pradesh (2 x 150 MW) Phase 1 2 x 350 MW Phase 2 (Under Construction)

C

D

36 MW

Solar Power Plant at Gadarwara (Uttarakhand)

F

UNDERSTANDING OUR BUSINESS MODEL

8

UNDERSTANDING OUR BUSINESS MODEL

DISTRIBUTION

PORTFOLIO

GENERATION PORTFOLIO

DISTRIBUTION LICENSEE

• In operations for 98 years (since July 1919)

• Spread over 618 sq. km in Asansol –Durgapur- Ranigunj area in Burdwan Paschim 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 3 years (since June 2014) - Located in Gaya – Bodhgaya – Manpur area in Gaya District of Bihar

• Spread over 1630 sq. km and served 1,82,000 consumers

• T&D Loss levels : 68% in June 2014 (at takeover) – 49% in March 2017

• Power Supply : 11 Hours in June 2014 (at takeover) – 23 Hours in March 2016

9

OPPORTUNITIES IN POWER DISTRIBUTION

10

• 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.

GOVERNMENT MONOPOLY IN POWER

DISTRIBUTION

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, UDAY, DIN DAYAL UPADHYAY & SAUBHAGYA 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

LOW RISK REGULATED BUSINESS

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

DISTRIBUTION MODELS

PPP MODELS

DISTRIBUTION FRANCHISE PARALLEL DISTRIBUTION LICENSE OPEN ACCESS IN DISTRIBUTION

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

DISTRIBUTION MODELS

STATE DISCOMS LICENSED COMPANIES

11

UNDERSTANDING DISTRIBUTION FRANCHISE

• T&D Losses at National Level – 25-30% • • T&D Losses in some selective Pockets as

high as 70-80%

Low Investments in R&M & Up gradation of Infrastructure due to Poor Financial Condition

• Large States Require Investments in the range of Rs. 100-150 bn

TRANSPARENCY & 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

THE NEED FOR DISTRIBUTION FRANCHISE

12

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

DISTRIBUTION FRANCHISEE- GAYA, BIHAR DISTRIBUTION FRANCHISEE (DF) – GAYA, BIHAR • Has won the Distribution Franchisee (DF) business of Gaya town and adjoining area of about 1630 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 1st June 2014 • T & D Loss has been brought down to 49%

Key Statistics as on 30th October, 2017 The very objective of DF mode of business is toreduce

No of Consumers 1,82,000 the AT&C losses in the system and bring inoperational efficiency in the network.

Connected Load 240 MW

Input Energy (Annual) 660 MU Therefore opportunity for the franchisee is to reducethe Aggregate Technical and Commercial (AT&C) losses

T&D Losses 49% thereby improve the billing and realization from the

Collection Efficiency

95% consumers.

13

GROWTH OUTLOOK – DISTRIBUTION PORTFOLIO

14

DISTRIBUTION BUSINESS –

LOW RISK WITH REGULATED RETURNS

CURRENT CAPEX ON EXPANSION

FUTURE GROWTH THROUGH FOCUS ON

DISTRIBUTION FRANCHISEE AND

LICENSEE OPPORTUNITIES

• 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

• 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

• 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.

UNDERSTANDING OUR BUSINESS MODEL

DISTRIBUTION

PORTFOLIO

GENERATION PORTFOLIO

WIND POWER GENERATION (OPERATIONAL) - • RAJASTHAN – 60.0 MW • GUJARAT – 24.8 MW • KARNATAKA – 10.4 MW • MAHARASHTRA-5.0 MW

THERMAL POWER GENERATION – • DISHERGARH – 12 MW (OPERATIONAL) • NELLORE 300 MW (OPERATIONAL)

• 700 MW (IMPLEMENTATION) • •HALDIA – 150 MW –(OPERATIONAL) 300 MW -(IMPLEMENTATION) SOLAR POWER GENERATION

• SEEBPORE, WB – 2 MW (OPERATIONAL) • UTTARAKHAND- 36 MWp (IMPLEMENTATION)

15

HALDIA PLANT – UNDER IMPLEMENTATION

16

HALDIA PLANT

Plant Rated Capacity

450 MW

Location Haldia in Purba Medinipur District, West Bengal

Size 3 Units of 150 MW each

Generation Type

Coal fired Thermal Power Plant

Fuel Source Imported Coal from Indonesia & Domestic Coal

Power Evacuation

Through the substation of WBSETCL, at a distance of 2.6 Kms

Targeted COD

Unit I - Commissioned Unit- II & III to be commissioned by 2018.

• Hiranmaye Energy Limited,{formerly India Power Corporation (Haldia) Limited }setting up a 450 MW Port based thermal Power Plant at Haldia, West Bengal.

• 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

MEENAKSHI ENERGY LIMITED

17

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.

MEENAKSHI ENERGY LIMITED MEENAKSHI PLANT

Plant Rated Capacity

Location

300 MW (Operational) Phase I 700 MW (Under Implementation) Phase II

Nellore District,Andhra Pradesh

Size

Generation Type

2X 150 MW (Operational) Phase I 2X350 MW (Under Implementation) Phase II Coal Fired Thermal Power Plant

Fuel Source Imported Coal (Phase-I), Domestic & Imported Coal (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.

Power Evacuation

18

COD (Phase I): Scheduled COD (Phase II):

Through 400 KV Manubolu Sub-station, at a distance of 26 Km from the site. 30th April 2013

31st March 2018

Resource Availability: •Land - Acquired entire land required for the project •Water - Kandaleru Creek at a distance of one kilo metres from the project site.

Phase 111 2018-2019

WIND POWER GENERATION PORTFOLIO

State

Project Capacity

Commission Date

PPA Term

Gujarat

24.8

Mar-07

20 Years - Executed with GUVNL

Karnataka Maharashtra

10.4

5.0

Mar-06

July-06

20 Years - Executed with BESCOM 13 Years – Executed with MSEDCL

Rajasthan

52.0

Mar-12

20 Years - Executed with AVVNL

Rajasthan

8.0

Jan-13

25 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. MSEDCL-Maharshtra State Electricity Devt Corp Ltd.

• 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.

19

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 millionunits) Eco Friendly: Saves 0.7 Metric tonnes of CO2 emission perday 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

20

SWAYAMBHU NATURAL RESOURCES PVT. LTD.

21

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.

INDIA UNIPER POWER SERVICES

22

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."

MATSYA SHIPPING & PORTS PVT. LTD.

23

Matsya Shipping & Ports Pvt. Ltd., a Joint Venture of IPCL & Andamax , part of Oldendorff Group, one of the largest shipping companies in the world. It was incorporated primarily to foray into the Shipping & Port Sector, which could be tasked with coal movement to the company’s various plants.

IPCL POWER TRADING PVT. LTD.

24

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.

KEY HIGHLIGHTS

END-TO-END UTILITIES

PLATFORM

• Integrated Power Utility through multi-fuel generation capacity along with a multi- location distribution network with Strong Expertise in Distribution Business with over 98 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 2.31% 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 414..2 MW - 105.2 MW (wind power) , 12 MW (thermal) & 2 MW

(Solar). 36 MWp (Solar) -300 MW-MEL-Further 450 MW thermal power plant under development

ROBUST BUSINESS MODEL WITH LOW

RISK PROFILE

• 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

HIGH VISIBILITY ON

NEAR TERM EXPANSION PLANS

• 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 107.2 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.

25

ABOUT US –

BOARD/MANAGEMENT

26

BOARD OF DIRECTORS NAME EXPERIENCE

Hemant Kanoria

Chairman

► 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 ofCommerce ► Was a member of regional Direct Taxes AdvisoryCommittee ► Has been in the Board of Governors, of Indian Institute of Management – Kolkata

Raghav Raj Kanoria

Managing Director

►Shri Raghav Raj Kanoria holds a Bachelors Degree in Commerce and has over 6 years of experience

in Power and Finance Industry. ► He is presently an Honorary Chairman of Infrastructure Committee, Indian Chamber of Commerce

and Member of Task Force, Electricity Distribution, Government of Rajasthan. ► He is also a Managing Committee Member of Bengal Chamber of Commerce, Indian Chamber of Commerce and Indo- Canadian Business Chamber. ►He is currently the Co Chairman, Task Force of Power & N C Energy of CII

Sunil Kanoria

Vice Chairman

► A Chartered Accountant with more than 28 years of experience in the financial services industry. ► Past 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 (2002-07) 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). 2 7

BOARD OF DIRECTORS NAME EXPERIENCE

Amit Kiran Deb

► Over 35 years of government administrative experience ► Retired IAS Officer ► Former Chief Secretary, Government of West Bengal

Debi Prasad Patra ► Over 33 years of government administrative experience ► Retired IAS Officer

Jyoti Kumar Poddar ► Over 26 years of business experience. ► Handled Indian & Sri Lankan operations in solar business for Shell Solar Ltd.

Nand Gopal Khaitan

► Over 35 years of experience in Law ► Committee Member ofFICCI ► Practicing lawyer at the Supreme court and Senior Partner, Khaitan &Co.

Tantra Narayan Thakur

► 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

Sundareshan Sthanunathan Asok Goswami

► 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

50 years of working experience in India and Abroad worked as Executive Director and Vice President in Indian and

multinational companies Commissioned Officer in Indian Air Force. Recipient of Commendation from Air Officer Commanding in

Chief for excellence of service.

28

MANAGEMENT TEAM – POWER GROUP - IPCL Name Designation

BOARD OF DIRECTORS NAME EXPERIENCE

Dipali Khanna (Ms.)

► 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 Whole Time Director

Sanjeev Seth CEO

Transmission &

Distribution Business

B.E (Electrical) Alumnus of NIT,

Jaipur and IIM, Ahmedabad,

Mr. Sanjeev Seth is a Techno- Commercial Management Professional with 28 years of experience in diversified industries with Indian & Multinational Organizations like Reliance Infrastructure, BSES ,Cincinnati Milacron Inc, ECE Industries Ltd & Usha Telehoist Ltd. Brings with 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.

IPC(H)L Jyotirmay Bhaumik M.Tech (Thermal) from IIT Delhi; MBA (Finance)

Worked for 30 years with NTPC; Experience across various functions in executive position

MANAGEMENT TEAM-IPCL MANAGEMENT TEAM-IPCL

IPCL Name Designation Educational

qualification Industry Experience

Sushil Agarwal

Chief Financial Officer

► C.A, MBA

Somesh Dasgupta

President (Corporate Affairs)

► PGDBM in HRD from IIT Kharagpur ► B.E. (Mechanical) from North Bengal University

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. ofIndia

Member of FICCI West Bengal State Council and also Board member of State Productivity Council.

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)

INDIA POWER GREEN UTILTY Rajat Vijay Seksaria

President Renewable Business

B.E. (Electrical Engineering) with Post Graduate Diploma in Management f IIM C l

Was associated with Punj Lloyd Infrastructure Limited as Business Head and accomplished many goals including commissioning & divesting of projects. He has also served reputed organizations like SHELL India Gujarat Gas

IUPS

Name

Designation

Educational qualification

Industry Experience

Anand Kumar Bansal

CEO

Anand holds a Major in

Commerce from St. Joseph’s College, Darjeeling and he also attended the Advanced Management Program at ISB Hyderabad and Kelloggs. Evanston.

Anand joined NEG Micon (Vestas) India and later Enron Wind

GmbH, which was purchased by GE in May 2002. He was the business leader of GE’s JV with BHEL for after-

sales of gas turbines where he directed all operations of the $140MMbusiness with domestic and international sales.

Anand joined Steag India as their Managing Director

MEENAKSHI ENERGY LTD

Kamal Kant

CEO

► B.E (Electrical and Electronics Engineering), Birla Institute of Technology and Science, Pilani. Diploma in Management and has done professional courses in Financial Management.

JSW Energy Limited as Project Director for Rajasthan, Essar Power (MP) Limited as Senior Vice President, Infra Limited as Vice President. 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.

32

SNRL Surya Prakash

Kansal COO PGDIM-MDI-Gurgaon First Class Mine Manager’s Certificate of

Competence ( Coal) B tech Mining Engineering,ISM,Dhanbad.

Hinduja National Power Corporation,Mumbai Lanco Infratech Limited,Delhi Mahanadi Coalfields Limited ( CIL) Western Coalfields Limited ( CIL)

DISCLAIMER

33

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.

India Power Corporation Ltd. ‘Plot No. X 1,2 & 3, Block EP, Sector V, Salt Lake City,

Kolkata – 700 091, INDIA Phone: +91 33 6609 4300 /08/09/10/11/12 Fax: +91 33 6609 4320

Web: www.indiapower.com CIN-L40105WB1919PLC003263

India Power Corporation Limited CIN No:L40105WB1919PLC003263 Plot no. X 1,2 & 3,Block - EP, Salt Lake, Sector - V Kolkata-700091 Phone - (91)(33) 6609 4300 / 08 / 09 / 10 Fax - (91)(33) 2357 2452 Website: www.indiapower.comwww.indiapower.com