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SUBSIDIARY NAME

Solar Power Project 1000 MW ( 250 MW x 4)

COUNTRY

INDIA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

May 14, 2022

ACQUISITION VALUATION

701.42 MILLION

TOTAL ASSET VALUATION

7014.2 BILLION

ENERGY-OIL-REFINERY-GAS

SOLAR POWER PROJECT 1000 MW (250 MW x 4): IIB-DG acquired Solar Power Project 1000 MW (250 MW x 4) – in May 14, 2022 for implementation of 1000 MW Solar Power Project in their state by investing @685.00 M USD. As per our commercial calculations based on the latest tax and customs duty applied by Govt. of India, the investment for entire project would be approx. 701.42 M USD which is to be disbursed in phased manner. This may change upward / downward in due course. This project will be implemented in phased manner of 250 MW x 4 Nos over a period of 48 months.

SUBSIDIARY NAME

YSR STEEL CORPORATION LIMITED

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