Inox Clean Energy IPO

We are an integrated renewable energy platform with two principal business verticals: (i) a renewable powergeneration business, which we undertake as an independent power producer (the “IPP Business”), comprising anaggregate renewable IPP portfolio of 9.29 GW across India and Africa, of which 2.37 GW is operational, andapproximately 0.80 GW is under construction, 2.99 GW is pipeline capacity and 3.13 GW is future capacity, asof August 31, 2026. Our future capacity represents projects for which we have obtained connectivity or landapprovals (directly or through third-party arrangements) for all or part of the project capacity, but for which asigned PPA is not yet in place ; and (ii) a solar manufacturing business, under which we currently manufacturesolar photovoltaic (“PV”) modules, with solar cell manufacturing capacity under construction in India and theUnited States (the “Solar Manufacturing Business”), with an aggregate operational solar module manufacturingcapacity of 6.00 GW across India and the United States, as of August 31, 2026.