IndianOil’s Investments and Vision in Solar Subodh Kumar, General Manager I/c, (AE&SD) 15th Sept 2015

Presentation Outline 1.IndianOil - At a Glance 2.Renewable Energy Portfolio 3.Solar Projects On-grid Off-grid 4.Projects/ Proposals in Progress 5.Initiatives with PACE-D 6.Way Forward Future Expansion Plan Partnering for large scale solarisation

Strong Focus on Innovation Through R&D and Alternate Energy Sources Integrated Operations Across the entire Energy Value Chain Pan-India Pipeline Infrastructure Leading Market Share Across Portfolio Largest Refiner in the Country Driven by a Management Team That has Delivered Results ●10 refineries with 65.7 MMTPA Capacity ●31% of Domestic Refining Capacity ●46.7% petroleum market share with over 42,900 touch points ●11,000+ km pipelines for crude oil, products and natural gas with a total capacity of 80.5 MMTPA ●2nd largest domestic player in Petrochemicals ●E&P: 10 domestic and 7 overseas blocks ●Overall 384 patents as on ●New focus on Alternate and Renewable Energy (Wind, Solar, Biofuels, Nuclear) ●Consistent growth and profitability o FY11-FY15 Revenue CAGR: 10.37% o Debt / Equity of 0.81x (as on March 31, 2015) Strong Support from the Government of India ●Maharatna Company; GoI Control: 68.57% ●Government nominated Directors on IOC Board ●Contribution to exchequer of US$15.7 bn in FY15 IndianOil - At a Glance

From Humble Beginnings to a leading Indian Oil Company Turnover US$ in Billion Refining Capacity MMT Total Pipeline Network Kms (‘000) Contribution to Exchequer: US$15.7 bn (FY15) Platts Energy Ranking: 43 (2014) Fortune Global 500 Ranking: 119 (2015) Moody’s : Baa3 Fitch: BBB- “Maharatna” status CAGR: 16% 9.4x 5.5x Source: Company Filings IndianOil - At a Glance

IndianOil - At a Glance contd. …towards Diversification

Project Investment (Rs Cr) WIND FARM 48.3 MW, Andhra Pradesh in MW, Gujarat in SOLAR PLANT 5 MW, Rajasthan in Total 448 Renewable Energy Portfolio 74.3 MW Renewable Energy Capacity Other Alternate Energy Projects  JV with NPCIL for commissioning 1400 MW Nuclear Power Facilities at Rajasthan  Solarisation of Retail Outlets  Energy Crop Plantations for Biofuel production  A biogas plant of capacity 1000 Kg/ day at Paradip Refinery Township  Installation of Organic Waste Converters at our establishments Renewable Energy initiatives handled by a dedicated in-house team

Solar Project – On grid Experience 5 MW Solar Capacity at Rawra, RajasthanFirst in-house grid connected MW scale solar plantOnly CPSE project selected in JNNSM phase I Batch ISuccessfully commissioned in Feb 2012Total Investment - Rs Cr.Cumulative Energy Generation GWh

Solar Project – Off grid Exposure Solarisation of Retail Outlets Cumulative Installed Capacity = ~12.2 MW 3298

Projects/Proposals in Progress Ongoing Projects/ Proposals  4 MW solar project at Narimanam, Tamil Nadu  100 MW Wind Power Project, States of Gujarat & Rajasthan Projects under various stages of Approval  7 MW Solar Project at Sanand, Gujarat  JV/ consortium with Oil India Ltd. and MP Urja Vikas Nigam Ltd. - Establishment of Solar Parks in MP  Rooftop Solar Projects MW at Panipat (3 projects) - 1 MW at Barauni Refinery  ~500 kW Solar Project at Gidha, Bihar - replacing 24*7 DG power

Initiatives with PACE-D Survey & technical assistance for finalization of Solarisation potential at various refineries Pre- feasibility study DFR preparation for proposed rooftop solar PV plant at PPMC Detailed Project Report

Way Forward

Future Expansion Plan IndianOil’s commitments towards RE-INVEST* thru adding 260 MW RE capacity in next 5 years *RE-INVEST is GoI’s Renewable Energy Global Investors Meet & Expo Projected Cumulative RE Capacity (MW)

Partnering for Large-scale Solarisation  Objectives - Enhance RE portfolio thru selling solar power - To meet refinery’s future RPO obligations  Proposed Target MW solar plants/ parks  Mechanism - Collaboration with SECI/ MNRE/ State Govts - Public Private Partnerships (PPP) model  Partnering Opportunities (win-win proposition) - Partnering with other interested corporations like NTPC, OIL, State bodies, Railways etc - Avail technical assistance from PACE-D/ others entities

 Benefits Envisaged - Sharing costs, risks & investments - Economies of scale - Securing land banks for future projects - Open access opportunity  Partnering with IndianOil - Competitive financial support for large scale projects - Leverage of existing country-wide network of the Company - Access to existing large customer base - In-house competency & expertise to commission & operate solar & other infrastructure projects Partnering for Large-scale Solarisation contd

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