Torrent Power Limited has received Letter of Award from Torrent Power Limited-Distribution Unit for setting up of 300 MW (RE Power) Grid- Connected Wind Solar Hybrid Projects. Significant terms and conditions of order(s)/contract(s) awarded in brief: Tariff - INR 3.65 per kWh. Project shall be commissioned within 24 months from Power Purchase Agreement (PPA).

Contract period shall be 25 years from the Commissioning of the Project. The annual CUF shall not be less than 50% for any of the year during the term of the PPA & rated power capacity of wind and solar shall be in ratio of 2:1. For meeting the 50% CUF requirement, the Company plans to install 480 MW of wind and solar capacity against contracted capacity of 300 MW. Whether domestic or international: Domestic.

Time period by which the order(s) /contract(s) is to be executed: 24 months from the PPA. Broad consideration or size of the order(s)/contract(s): Project cost INR 36,500 million. Whether the promoter/promoter group /group companies have any interest in the entity that awarded the order(s) /contract(s)?

If yes, nature of interest and details thereof: No. However, LOA has been issued by one of the Unit of the Company.