1. Welspun Energy Ltd. GROW FOREST MECHANISM

2. Welspun Energy Ltd. Confidential 2 Grow Forest Certificate (GFC) Objective  Expanding the forest cover qualitatively by regenerating degraded forest land  Integrating private sector organizations with State forest departments & NAEB in promoting forestation and ecological restoration activities Focus area  Local Poor lively hood at the centre of this PPCP initiative  Win-win deal for all stakeholders  Clarity on the purpose of developing partnership and shared vision  Government works as facilitator  Appropriate monitoring mechanism  Control over forests lies with the government Stake holders  Private Entity  State Forest Department / Ministry of Environment & Forests  State Forest Development Corporation (FDC)  Local Panchayat/ Local Communities GFC seeks to balance Environment sustainability while boosting infrastructural growth of India.

3. Welspun Energy Ltd. Confidential 3 GFC - Merits Free up Government’s financial resources Assured greater efficiency of forest development due to private engagement Employment for local communities CERs accrued. 50:50 between FDC and Private Developer Freeing up arable land Ease of access for Coal mines Sustainable business model CERs accrued. Future possibility of CER trading Market linked pricing for GFCs assure future returns The Government Public entity

4. Welspun Energy Ltd. Confidential 4 Identification & maintenance of records for degraded forest land parcels by respective state FDCFDC invites bids for regeneration of degraded land parcels from private entities Degraded land parcel developed under PPCP framework for 3 years by successful bidders Local villagers employed for implementation Post 3 years, land parcel reviewed by FDC. Grow Forest Certificate (GFC) awarded to private developer based on the survival percentage and total area developed. GFC tradable on exchanges on similar lines as the Carbon Emission Reduction Certificate (CER)GFC to be used against compensatory afforestation for seeking forestry approvals under Forest Conservation Act 1980 GFC - Mechanism

5. Welspun Energy Ltd. THANK YOU