CREATING a CLIMATE for CHANGE with VIKRAM SOLAR PREFACE the VIKRAM SOLAR STORY Dear Solar Enthusiast

SOLAR MODULES

CREATING A SOLAR EPC CLIMATE FOR SOLAR ROOFTOP CHANGE WITH VIKRAM SOLAR DID YOU KNOW THAT VIKRAM SOLAR …

… is part of a 4 decade old legacy as a manufacturer

… caters to your needs across 6 continents worldwide

… invested about $1.5 Million of our reserves in R&D and product certifications in FY 2016-17

… gained about 48.27% revenue increase (last 7 year CAGR) till FY 2017-18

… reduced more than 780,469 tonnes of

CO2 footprints in the last decade with commissioned projects CREATING A CLIMATE FOR CHANGE WITH VIKRAM SOLAR PREFACE THE VIKRAM SOLAR STORY Dear Solar Enthusiast,

THE The global demand for sustainable We source best-in-class equipment from energy solutions is on the rise. We are all around the world to deliver the finest aware of our commitment to elevate the product quality. Our highly competent VIKRAM SOLAR quality of life, while at the same time research and development team generating green energy responsibly. We constantly works on improving our will continue to do all it takes to make product portfolio and introducing new solar energy affordable and accessible to products to serve our customers better. STORY people in need across the world. Today, we are proud to have built one of India’s top notch production facilities with a We are a globally active solar energy total annual production capacity of 1 GW solutions provider, specializing in high along with more than 1.3 GW* capacity of efficiency PV module manufacturing and modules shipped globally. And we are eager comprehensive EPC solutions. With an to contribute more to the Indian and the international presence across 6 global solar revolution. continents, we are an active contributor in shaping the solar revolution. Carrying I invite you to be part of the solar energy forward the rich legacy and extensive revolution with us. manufacturing experience of the Vikram Truly yours Group, Vikram Solar, since 2006, is building on a 4 decade old success story. We successfully demonstrated our capability even before the solar sector witnessed active growth and development Gyanesh Chaudhary in India. Today, Vikram Solar has been rated by various internationally acclaimed Managing Director and CEO, agencies for product and process quality. Vikram Solar

*March 2018

TABLE OF CONTENTS

Key Facts �� 8

Modules �� 18

EPC Solutions �� 26

Rooftop Solutions ...... 32

Active CSR �� 38

Summary �� 44

Awards �� 52

Contact �� 54 A project is complete when it starts working for you, rather than you working for it.

Scott Allen Social media expert, USA VIKRAM SOLAR KEY FACTS

Photo courtesy by Solarsense UK Ltd 10 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR KEY FACTS PRESENCE ACROSS THE VALUE CHAIN

MODULE MANUFACTURING

,, Current annual rated capacity: 1 GW

,, Tier 1* and DNV GL Top Performer

,, Strong brand presence in Europe and the US alongside Indian market

,, High efficiency mono PERC, mono and poly-Si modules delivering the lowest LCOE KEY FACTS 11

Further to serving as a leading manufacturer of solar PV modules, we also provide solar solutions across the value chain. Our experienced EPC team ensures the completion of each solar plant from concept to commissioning including its operation and maintenance for the complete lifespan of the plant. Our business model ranges from the acquisition of developed sites to the servicing and maintenance of completed solar arrays throughout its lifespan.

SOLAR SOLAR EPC O&M

,, An end-to-end solutions provider ,, O&M Services provided for more for utility scale, rooftop and off- than 400 MW grid projects ,, Special equipment and work ,, More than 750 MW** of solar EPC methods adopted to differentiate experience in India services

,, Timely execution and power generation warranties

*Bloomberg New Energy Finance 2018 **Includes ongoing (Ground Mounted & Rooftop), August 2018 12 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR WORLDWIDE AROUND THE GLOBE

USA

More than 110 MWp^ of modules shipped to the US KEY FACTS 13

More than 177 MWp^ of modules shipped More than 440 MW^* to Europe of EPC in India

UNITED KINGDOM GERMANY NEPAL BANGLADESH JAPAN

UGANDA KENYA UAE INDIA AUSTRALIA

^ Till August 2018 | *Ground Mounted 14 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR MILESTONES 12 YEARS OF VIKRAM SOLAR

Vikram Solar established by Vikram Solar production the Vikram Group capacity doubled

2006 2010

2009 2011

First international utility- 3 MW installed under the scale EPC project in National Solar Mission of Germany India KEY FACTS 15

Since its establishment as a solar PV module manufacturer in 2006, Vikram Solar has been driven by providing excellent quality both in India and globally, and our hard-work and passion for solar energy has paid off.

In 2014, we were named as a TIER 1 manufacturer by Bloomberg New Energy Finance and continue to supply the international solar industry with world-class solutions "Made in India".

1st 40 MW plant Introduced industry 1 GW of production capacity commisioned in Rajasthan leading 27 years of linear reached on performance warranty Top performance ranking modules modules in DNV GL PQP Completion of India‘s largest airport rooftop installation of 2 MW

2013 2015 2017

2014 2016 2018

Ranked as India‘s only Vikram Solar reaches MoU with French Tier 1 module manufacturer 500 MW production capacity Alternative Energy and (Bloomberg) in new fab Atomic Energy Commission for R&D India‘s 1st floating solar plant Launch of new smart module series SOLIVO 16 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR PEOPLE MEET OUR PEOPLE

We are a young, disruptive fireball of talent, who have made giant strides in the solar “ space, and our talent pool is the biggest differentiator. And, we will continue to remain so.

Biresh Ranjan Das Head of People Strategy & Excellence, Vikram Solar ”

Photo: Kolkata Team celebrating Women's Day 2018 at the office KEY FACTS 17

BOARD MEMBERS

H. K. Chaudhary Anil Chaudhary Gyanesh Chaudhary K. K. Maskara Vikram Swarup J. P. Dua Chairman, Vikram Group Vice Chairman Managing Director & CEO Whole-Time Director and Independent Director Independent Director Head- Commercial & Bid Management, EPC MANAGEMENT TEAM

Rajendra Kumar Ivan Saha Jyotirmoy Roy Rohit Dhar Nimish Jain Amit Gupta Neha Agrawal Ravindra Kumar Parakh BU Head of Solar Head of Innovation Director of Head of Global Sales, Director of Legal & Head of Corporate Goyal Chief Financial Manufacturing and and Strategy, Sales, EPC Modules Corporate Affairs Strategy & Rooftop Head of SCM, EPC Officer CTO Corporate Business

Davide Marro Jay Sharma Hatem Hamam Saira Alam Manik Paul Sudip Chatterjee Biresh Ranjan Head of Sales, Head of Sales, Head of Sales, Middle Head of Global Head of Information Head of CS & Legal Das Europe Americas East & North Africa Marketing Technology Head of People Strategy & Excellence VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR MODULES There is no second chance for a first impression. Hence, in our first large solar project in the US, we were very particular about proven high quality standards, extended linear performance guarantees combined with an affordable technology. Our clients have a clear expectation and so do we. Vikram Solar’s global track record and their astonishing commitment from Day 1, left us no doubt as to have found a trustworthy partner.

Andreas Hoffmann CEO, Greencells Group 20 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

MODULE KEY FACTS A BROAD RANGE … As a Tier 1 module manufacturer, Vikram Solar focuses on maintaining the highest quality standards while offering best-in-class products to our global consumers.

ndia’s Tier 1 module In line with our company’s focus manufacturer, Vikram Solar, on adopting pioneering and specializes in the production of innovative technologies, our state high-efficiency mono PERC, of the art manufacturing units in Imono and polycrystalline silicon PV Falta, West Bengal, have the modules. Our products are finest machinery and equipment designed to meet the highest imported from the United States, standards of quality, reliability and Germany, Japan and Switzerland. performance. Our in-house In 2017, Vikram Solar reached the research and development efforts 1 GW mark of annual PV module help us in being ahead of the curve production capacity. in the ever-evolving solar technology space. We regularly conduct research study programmes with leading laboratories across the globe.

Product Certifications

MCS

I D 3 : 9 8 4 1 0 5 0 6 3 The Certification Mark for Onsite www.tuv.com ID 1111214196 Sustainable Energy Technologies ID 2035704000 MODULES 21

DIVERSE PORTFOLIO Modules for on-grid as well as BANKABILITY off-grid applications India’s Tier 1* PV module manufacturer 1 GW Production capacity enabling us to serve the world fast and reliably

DIVERSE USAGE Perfect fit for large scale and rooftop applications

LATEST TECHNOLOGY VARIED RANGE High Wattage modules High efficiency mono PERC, mono (PERC technology), High System and polycrystalline silicon cell Voltage modules (1500V), modules ranging from 10 - 385 Wp Module Level Power Electronics (MLPE) ...THAT FITS ALL

*Bloomberg New Energy Finance 2018 YOUR NEEDS 22 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

OVERVIEW 2018/2019 — PORTFOLIO & NEW OFFERINGS PICK WHAT YOU NEED

Extremely narrow power binning tolerance of +2.5 Wp to reduce current mismatch loss in single string Engineered to provide excellent low light and longer wavelength response Extremely reliable product suiting harsh environment conditions withstanding 2400Pa wind load, 5400Pa 60 cells 72 cells snow load and dynamic wind load MONOCRYSTALLINE MONOCRYSTALLINE Using highly efficient Passivated up to 19.36% up to 19.07% Emitter Rear Contact technology EFFICIENCY EFFICIENCY (PERC) cells 285–315 W 340–370 W RANGE Maximum system voltage increased to RANGE 1500VDC (IEC & UL), increased string length, low BOS cost SOMERA Prime 1500V Series* SOMERA Grand 1500V Series*

Designed for very high area efficiency for roof-top and ground-mounted applications Maximum system voltage up to 1500VDC (IEC & UL), increased string length, low BOS cost 60 cells 72 cells Extremely narrow power POLYCRYSTALLINE POLYCRYSTALLINE binning tolerance of +2.5 Wp up to 17.52% up to 17.26% reduces current mismatch loss EFFICIENCY EFFICIENCY 260–285 W 315–335 W RANGE RANGE

ELDORA Prime 1500V Series* ELDORA Grand 1500V Series*

*Also available in 1000V system voltage MODULES 23

NEW SERIES... Up to 30% more energy yield as the modules run independently of each other & decrease the effect of shading, soiling or mismatch Increased reliability as the optimizers remain in a complete bypass mode until mismatch occurs, thus increasing the efficiency and reliability Up to 30% longer string lengths by using smart curve technology and thus reducing the BOS costs Lower O&M costs can be achieved as performance issues can be remotely detected and diagnosed by module-level monitoring Increased safety features like over-temperature protection, automatic or manual shutdown, and module-level deactivation ensure extra safety POWERED BY The system can be remotely monitored by smart TIGO phone app and from a PC 260–370 W RANGE Inverter ready, easily customizable, flexible system making it compatible with more than 2000 up to 30% more types of inverters ENERGY DELIVERED

INTEGRATED WITH TIGO’S TS4 PLATFORM

SOLIVO SMART Series** FIRE SAFETY SAFETY Optimized by

Optimize only MONITORING Decreasing the effect of shading where needed OPTIMIZATION

DIODES LONG STRINGS

INTERCHANGEABLE COVERS FOR CHOICE OF FUNCTION

**Available with Monocrystalline PERC, mono 60/72 cells

NEW OFFERING... UPCOMING OFFERINGS...

HALF-CELL Module*1 ANTI-GLARE Module*1 GLASS-GLASS Module* Available with bifacial/monofacial Reduces amount Higher power Zero PID & of glare caused output with respect highly resistive by reflected to conventional encapsulant sunlight module by reducing Up to 30 years ohmic loss Specially linear power textured glass Relatively low warranty surface with tiny temperature indentations Suitable for rise in shadow 280–385 W up to 10 times which reduce NEAR ZERO LID2 BIPV, rooftop RANGE condition(due to LESS GLARE specular & utility decrease in current reflection installations HIGHER EFFICIENCY rating of each cell) 260–370 W 315–400 W + up to 19.56% RANGE Suitable for RANGE Suitable for rooftop airports, & utility installations Improved LOW Better light highways, etc. up to 25% LIGHT PERFORMANCE TRAPPING CAPABILITY POWER GAIN^

*Available with 60 and 72 cells | 1 Available with Mono and Polycrystalline cells | ^From Rear side depending on albedo | 2 Using n-type cell | +Considering 10% bifaciality gain 24 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

4.2 MW Photo Courtesy by Greencells USA Inc. CLIENT �� Greencells USA Inc. LOCATION �� Charlotte, North Carolina, USA TYPE �� Ground-mounted *

Photo Courtesy by ENGIE Fabricom Photo Courtesy by German PV 5 MW 2.54 MW CLIENT �� Engie Fabricom CLIENT �� German PV LOCATION �� Kent, UK LOCATION �� Osterburg, Germany TYPE �� Ground-mounted TYPE �� Ground-mounted

Photo Courtesy by TESCO Engineering/Inergion Photo Courtesy by Solarcode GmbH 1.05 MW 1 MW CLIENT �� Solarcode GmbH CLIENT �� Inergion S.A. LOCATION �� Kottenheim, Germany LOCATION �� Kastoria, Greece TYPE �� Ground-mounted INTERNATIONAL REFERENCES INTERNATIONAL Solar modules with Vikram * Projects TYPE �� Ground-mounted KEYMODULES FACTS 25

312 kW Photo Courtesy by Finnwind Oy CLIENT �� Finnwind Oy LOCATION �� Helsinki-Vantaa Airport, Finland TYPE �� Rooftop

Photo Courtesy by TESCO Engineering/Inergion Photo Courtesy by Solarsense 318.25 kW 300 kW CLIENT �� TESCO Engineering/Inergion CLIENT �� Solarsense LOCATION �� Almyros, Greece LOCATION �� Northacre, UK TYPE �� Rooftop TYPE �� Rooftop

Photo Courtesy by Southern Solar Ltd. Photo Courtesy by Southern Solar Ltd. 249.9 kW 216.25 kW CLIENT �� Southern Solar Ltd. CLIENT �� Southern Solar Ltd. LOCATION �� Kent, UK LOCATION �� Leominster, UK TYPE �� Rooftop INTERNATIONAL REFERENCES* INTERNATIONAL Solar modules with Vikram * Projects TYPE �� Ground-mounted VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR EPC SOLUTIONS We are pleased to join “ hands with Vikram Solar EPC for this prestigious project, which will set a SOLUTIONS benchmark in the country.

Sunil Wadhwa Managing Director of IL&FS Energy,” India 28 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

EPC KEY FACTS OUR PROJECTS … We are an independent EPC solutions provider, catering to Indian and international markets for all solar EPC solutions.

ur involvement ranges like Jawaharlal Nehru National from concept to execution, Solar Mission, IREDA scheme, commissioning and and other state solar policies acquisition of developed across states like Rajasthan, Osites and maintenance of Madhya Pradesh, Chhattisgarh, completed solar arrays throughout Gujarat, Tamil Nadu and Odisha. their lifetime. Vikram Solar builds and We deliver reliable, durable, risk- commissions solar power plants free, and high yielding projects by on time and within budget. With using quality multi-system our sophisticated real-time products. monitoring system, we ensure that the performance of our Over the last few years, we have customer’s solar power plants delivered large scale solar PV meets or exceeds the forecasted plants under various solar policies, output.

Selected components used in our solar plants EPC SOLUTIONS 29

... YOUR SATISFACTION

BEST IN CLASS EXTENSIVE DESIGN AND EXPERIENCE ENGINEERING Proven track record of more than QUALITY 440 MW* installed solar capacity Thorough quality checks in India every phase of EPC

CUSTOMIZED DELIVERY SOLUTIONS FOCUSED India’s 1st floating solar power APPROACH plant Timely delivery and commitment DIVERSE PORTFOLIO Wide-ranged EPC experience in building solar plants in difficult terrains, high altitudes, coastal areas & water bodies

*Till August 2018, Ground Mounted 30 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

EPC REFERENCES FOR INSTANCE: We have vast experience in small scale as well as large scale solar projects. Have a look at our track record.

130 MW CLIENT �� NTPC Ltd. TYPE �� Ground-mounted

LOCATION �� Bhadla, Rajasthan MODULE TYPE �� Polycrystalline 295 - 320 Wp

80 MW

OWNER �� Gujarat Industries Power Company TYPE �� Ground-mounted Limited MODULE TYPE �� Polycrystalline 315 - 325 Wp LOCATION �� Gujarat Solar Park, Charanka, Gujarat EPC SOLUTIONS 31

50 MW CLIENT �� NTPC Ltd. TYPE �� Ground-mounted LOCATION �� Mandsaur, Madhya Pradesh MODULE TYPE � Polycrystalline 295 - 325 Wp

40 MW 40 MW CLIENT �� IL & FS Energy Development CLIENT �� Jakson Power Pvt. Ltd. Company Limited Lexicon Vanijya Pvt. Ltd. & LOCATION �� Kachaliya, Madhya Pradesh Symphony Vyapar Pvt. Ltd. TYPE �� Ground-mounted LOCATION �� Manchitya, Bap, Rajasthan MODULE TYPE �� Polycrystalline 230 - 255 Wp TYPE �� Ground-mounted MODULE TYPE �� Polycrystalline 215 - 250 Wp

20 MW 10 MW CLIENT �� Jindal Aluminium Ltd. CLIENT �� Oil and Natural Gas LOCATION �� Bavihalu, Karnataka Corporation Limited TYPE �� Ground-mounted LOCATION �� Hazira, Surat, Gujarat MODULE TYPE �� Polycrystalline 315 Wp TYPE �� Ground-mounted MODULE TYPE �� Polycrystalline 255 - 265 Wp VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

The entire 400 kW rooftop installation was completed and commissioned within the stipulated time frame. In the future, we intend to collaborate with Vikram Solar once again since the service and quality provided by them has been beyond satisfaction.

Swarna Gopalan Senior General Manager, Anmol Biscuits Limited VIKRAM SOLAR ROOFTOP SOLUTIONS 34 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR ROOFTOP WHY ROOFTOP SOLAR? Vikram Solar continuously ranks amongst the top three Rooftop Installers in India.

ikram Solar has over 200^ 33 Economical alternative power rooftop projects spread solutions resulting in electricity across more than 500 sites costs savings Vin India. Our rooftop EPC portfolio comprising of government 33 High efficiency - utilizations of clients such as ISRO, IOCL, HPCL, roofspace SBI, Indian Railways, IIRS, WBSEDCL, GE/NTPC, DLW and 33 Conducive environmental policy AAI; whereas Private Sector solar for rooftop solar enthusiasts from SL Group, IMFA, Century Ply, KBL, VIT & VIIT and 33 Good investment option: high Anmol Biscuits, among many equity IRR and expected others, have further strengthened payback within 4 years* our resolve. 33 Enables fulfillment of RPO obligation

^Includes ongoing | *T&C apply ROOFTOP SOLUTIONS 35

WIDE-RANGED SYSTEM ROOFTOP SOLAR INTEGRATOR EPC EXPERIENCE GRADING OF with project presence across SP1A India indicating highest performance capability & high financial strength

FIRST COMPANY TO STANDARD BUILD SOLAR PV CUSTOMISED ROOFTOP ARRAY on world’s first 100% solar powered SOLUTIONS TO airport USER NEEDS with various business models: CAPEX & OPEX 27 YEARS Linear Performance Warranty on modules

WHAT MAKES US THE 1ST CHOICE 36 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

ROOFTOP REFERENCES ON TOP Vikram Solar has over 200^ rooftop projects spread across more than 500 sites in India.

2000 kW 1500 kW CLIENT �� Netaji Subhash Chandra Bose CLIENT �� Kirloskar Brothers Limited International Airport-AAI LOCATION �� Pune, Maharashtra LOCATION �� Kolkata, West Bengal TYPE �� Rooftop TYPE �� Rooftop MODULE TYPE �� Polycrystalline – 320 Wp MODULE TYPE �� Polycrystalline – 260 Wp

1300 kW 1056 kW CLIENT �� SL Group CLIENT �� Diesel Locomotive Works (DLW) LOCATION �� Nagaur, Rajasthan LOCATION �� Varanasi, Uttar Pradesh TYPE �� Rooftop TYPE �� Rooftop MODULE TYPE �� Polycrystalline - 315 Wp MODULE TYPE �� Polycrystalline – 250 - 315 Wp

^Includes ongoing ROOFTOP SOLUTIONS 37

SPECIAL PROJECT 10 kW CLIENT Arka Renewable Energy College

LOCATION New Town, Kolkata, West Bengal

TYPE Floating

MODULE TYPE Polycrystalline – 210 - 215 Wp

1056 kW 750 kW CLIENT �� Century Plyboards (India) Ltd. CLIENT �� Calicut International Airport-AAI LOCATION �� Chennai, Tamil Nadu LOCATION �� Calicut, Kerala TYPE �� Rooftop TYPE �� Rooftop MODULE TYPE �� Polycrystalline – 320 Wp MODULE TYPE �� Polycrystalline – 260 Wp

400 kW 260 kW OWNER �� Anmol Biscuits Limited OWNER �� Vishwakarma Institute LOCATION �� Bhubaneshwar, Odisha of Technology TYPE �� Rooftop LOCATION �� Pune, Maharashtra MODULE TYPE �� Polycrystalline – 310 Wp TYPE �� Rooftop MODULE TYPE �� Polycrystalline – 310 Wp VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

Businesses succeed when societies themselves succeed.

Ban Ki-moon Ex-Secretary General of the United Nations VIKRAM SOLAR ACTIVE CSR 40 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

ACTIVE CSR KEY FACTS A BRIGHTER TOMORROW The philosophy of “Janambhumi” and “Karambhumi” is at the core of Vikram Solar’s CSR activities - the first being the place where one is born and the later being the place where one works hard to establish self-identity. Our CSR focus is to give back to the society - both, the “Janambhumi” and the “Karambhumi”.

community that enjoys We have adopted a three-pronged good health, stable approach to our extensive CSR income, sound work: Ainfrastructure and a clean environment was envisioned by ,, Educating the masses for the Shri H.K. Chaudhary, Chairman of overall progress of the Vikram Group. community

He set out to achieve his dream of ,, Undertaking activities that are spearheading a business empire in within and beyond the Kolkata while upholding his vision conventional realms of CSR of a healthy, content and ,, Initiating development prosperous society. programmes that completely transform the community and Vikram Group’s welfare provide them with programmes for the communities opportunities to live a better in and around Bahal in Haryana, life. India are steered under the aegis of Ballaram Hanumandas Charitable Trust. The Trust plays a pivotal role in transforming the lives of people across India. ACTIVE CSR 41

LIVELIHOOD ENVIRONMENT GENERATION Consolidating efforts for a Guiding people to live a life cleaner world of dignity

COMMUNITY WELFARE EDUCATION Nurturing communities and Enlightening young minds aiding progress through formal education

HEALTH & WELLNESS Access to healthcare for those in need 42 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

ACTIVE CSR CASE STUDIES HOW WE CARE As a contribution to the “Janambhumi”, our welfare programs for the communities in Bahal, Haryana have played a pivotal role in transforming the lives of people.

EDUCATIONAL Evening School for Classes I-VII “Nanhe Kadam” is a free evening school run by the BRCM trust for students of Class I - VIII at BRCM Public School situated in Gyankunj. Currently around 300 children from less fortunate families of Bahal attend and receive free education from the teachers of the school. In addition to education, the children also receive uniforms, books and stationaries. Nanhe Kadam Meals and healthcare support are also provided as part of the “Nanhe Kadam”

LOCATION program. Bahal, Haryana

ENVIRONMENTAL Milk and Butter for Charity Established using advanced automated technology from Israel, “Urmila Chaudhary Dairy Farm” is home to 100 cows that produce more than 700 litres of milk every day. The state-of-the-art technology aims to create a comfortable natural environment for the cows while allowing efficient milking, appropriate use or disposal of byproducts and cleanliness of the premises. Urmila Chaudhary Dairy Farm Urmila Chaudhary dairy farm caters to the dairy requirements of the company‘s LOCATION “Annapurna Mess”, making the process Bahal, Haryana far more sustainable. A dedicated Milk Processing Unit has been set up to produce ghee (clarified butter) that is used by the school mess and the people of the community. ACTIVE CSR 43

Skill-based Training Programme for Women LIVELIHOOD GENERATION Vikram Solar has joined hands with the National Bank for Agriculture and Rural Development (NABARD) to set up Self-Help Groups (SHGs) for women in Haryana. The initiative is a part of “Gramin Vikas Prakosth”, a rural development programme. Women are offered skill-based capacity enhancement training in areas such as handicraft making, tailoring, cooking, beautician, gardening, carpentry, pickle making, etc. The Company has also helped these women become Self Help Group for Women financially independent by setting up their savings

LOCATION bank accounts with various banks. Bahal, Haryana

Multi-Speciality Charitable Hospital HEALTH Manav Kalyan Hospital is a 30-bed charitable healthcare centre that plays a pivotal role in making advanced medical facilities available to the residents of Bahal and the surrounding 145- 150 villages in Haryana. The hospital has a team of specialist doctors offering check-ups, X-rays and treatment free or at subsidized rates. With a dedicated Operating Theatre, the hospital is well- equipped for surgical interventions in areas of eye, ENT, dentistry, pediatrics, gynaecology and other Manav Kalyan Hospital general ailments. Manav Kalyan Hospital also

LOCATION offers ambulance service to nearby states in case Bahal, Haryana of emergencies.

Outdoor Stadium to Encourage Youth Sports COMMUNITY Focussed on encouraging sports in the community, Vikram Solar has undertaken the task of managing the infrastructure and activities at the Rajiv Gandhi Stadium in Bahal, Haryana. In addition to hosting the yearly “Gramin Khel Mahotsav”, the stadium also offers regular coaching classes in games like kabaddi, athletics, wrestling, basketball, volleyball, judo and boxing. Vikram‘s sports initiatives have encouraged more and more girl children to take part in the sporting activities and excel in the field Rajiv Gandhi Stadium of sports.

LOCATION Bahal, Haryana VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VIKRAM SOLAR SUMMARY I’d put my money on the sun and solar energy. What a source of SUMMARY power! I hope we don’t have to wait until oil and coal run out before we tackle that.

Thomas Edison Inventor 46 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

VALUES WHY CHOOSE VIKRAM SOLAR? We are building the future and leading the growth, demonstrating unmatched integrity, responsibility, excellence, and constant development.

Responsibility Constant Development Responsible business values: We believe that Delivering better value to our customer any business we venture into must be socially through continuous improvement in quality, valuable. Helping people, societies and countries swiftness and service is in line with our at large is our chief focus to achieve growth. futuristic outlook towards business and Responsible societal values: We make a positive growth. difference to the communities we are a part of. We encourage ideas and innovation to flow We have helped millions lead a better life by freely and we continuously focus on non- empowering them through access to education, conventional thinking. health, sanitation and employment. Responsible environmental values: We respect Integrity our environment and it reflects in our decision Integrity is imbued in our nature. We have making. We help our customers do the same by always conducted and supported a culture of providing clean, efficient and healthy solutions fair business conduct and transparency. and products. By demonstrating honesty in all our business Excellence dealings, we have built trust among all our Our commitment to achieve the highest customers, dealers and other parties who have standards in our daily work reflects in the quality been engaged with us. of the products and services we provide. Customer satisfaction being our prime focus, we always aim to achieve more excellence than our customers expect. SUMMARY 47

DURABILITY Industry leading warranty terms of 27 years

BANKABILITY INNOVATION India’s Tier 1* PV module Built India’s 1st floating solar manufacturer power plant

EXPERIENCE GLOBAL REACH Proven track record of more More than 1.3 GW^ of modules than 440 MW1 of EPC in India shipped globally

TOP PERFORMER in DNV GL PQP, 2017

*Bloomberg New Energy Finance 2018 1Till August 2018, Ground Mounted ^March 2018 48 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

CUSTOMERS & PARTNERS REFERENCES SOME OF OUR SATISFIED CUSTOMERS SUMMARY 49

Quality, performance and durability of the solar panels were key criteria for choosing Vikram Solar and Finnwind for this project.

Janne Tarvainen Managing Director of Finnair Cargo 50 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

CUSTOMERS & PARTNERS TESTIMONIALS WHAT IS SAID ABOUT US:

When serving our Vikram Solar discerning trade enjoys a very partners and good reputation customers, we among the depend on group’s various Fraunhofer ISE is happy to partners like solar companies. support Vikram Solar to Vikram Solar to We had an produce and extremely tight build a production line for supply reliable schedule for the solar cells with the latest solar modules construction of technology and that that are proven to our 5MW solar meet our exact park in Kent (UK). contribute to the requirements. We identified Government of India’s “Make Vikram Solar as in India” initiative. Joachim Rupp one of our Managing Director, preferred module suppliers. The Gerhard Stryi-Hipp Viessmann Photovoltaik GmbH competitive offer, Head of Energy Policy at Fraunhofer ISE timely delivery and extreme hands-on customer service even beyond project completion, has given us enough confidence to continue working with Vikram Solar also outside the UK.

Eric Rosier General Manager, Engie Cofely Fabricom SUMMARY 51

Meyer Burger is proud to be Kolkata airport is With Vikram, we one of the first believe that this Vikram Solar’s preferred few airports in rate of growth strategic technology partner the country to get will now increase for selected cell and module solarised. We are dramatically, proud to based on the manufacturing equipment. showcase the higher harvesting The MoU has helped Vikram biggest airport density, and the rooftop technical Solar to expand its position to installation in the competence that become a dominant company country. Vikram underscores the Solar was product's design, in the global PV industry. entrusted to superior Besides, it has also execute this performance and strengthened the relationship prestigious the longevity of project and the Vikram modules. between the two companies. organisation has successfully Jesse Stubbs completed it. Hemal Ghelani President and CEO, Clean Energy, USA Vice President & General Manager, A.K. Sharma Meyer Burger India Pvt. Ltd. Airport Director, Netaji Subhash Chandra Bose International Airport, Kolkata 52 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

LIST OF AWARDS OUR ACHIEVEMENTS Historical milestones and a range of accomplishments illustrate our company’s journey - here is an overview:

,,2013 ET Bengal Corporate ,,2016 Rooftop Solar EPC Company of Award for New the Year Award for Industrial Entrepreneurial Venture Projects by Firstview Group with Turnover of more than INR 30 Crore ,,2016 ET Bengal Corporate Award for Fastest Growing Company in ,,2014 FICCI Good Practices & INR 300–1000 Crore category Quality Excellence

Award in Manufacturing ,,2016 National Excellence Awards 2016 for Rooftop Solar Power ,,2015 CII Award for Quality Projects in the Domestic Solar Module Manufacturer category ,,2015 Leading Renewable Energy Manufacturer – Solar Award at REI Awards AWARDS 53

,,2017 ET Bengal Corporate Award for Fastest Growing Company & Highest Job Creator

,,2017 6th EPC World Awards for Outstanding Contribution in Renewable Energy EPC

,,2017 CII Award for Active Customer Engagement in Manufacturing (Large Business Organizations)

,,2017 Leading Renewable Energy Manufacturer - Solar Modules at 3rd Edition of REI Awards

,,2018 ET Bengal Corporate Award for Fastest Growing Company Above INR 1000 Crore Category 54 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

GLOBAL PRESENCE WE ARE CLOSE TO YOU …

THE AMERICAS INDIA

Vikram Solar US Inc. REGISTERED & CORPORATE OFFICE 860 US Hwy 1, Suite 101, Edison NJ 08817, USA Vikram Solar Limited ‘The Chambers’, 8th Floor, PHONE +1 732 494 7710 1865, Rajdanga Main Road, FAX +1 732 494 7754 Kolkata - 700107 EMAIL [email protected] West Bengal, India

PHONE +91 33 2442 7299/7399 Branch Office +91 4003 0408/0409 945 Concord Street, Suite 201 TOLL FREE 1800 212 8200 Framingham MA 01701, USA

FAX +91 33 2442 0125 PHONE +1 609 686 7771 EMAIL [email protected] CONTACT 55

ASIA & MENA

Vikram Solar PTE LTD. 391B, Orchard Road # 23-01 Ngee Ann City Tower B, 238874, Singapore

Vikram Solar China 上海市延安西路2299号上海世贸商城11层11A53室 Room 11A53, 11/F, ShanghaiMart No.2299 Yan’an West Road, EUROPE AFRICA Shanghai, China

Vikram Solar Limited Vikram Solar GmbH Uganda Lottumstr. 11 Kampala Dubai, UAE 10119 Berlin, PHONE +971 567 750833 PHONE +256 712 981 561 Germany EMAIL [email protected]

PHONE Kenya +49 30 896 54 801 Vikram Solar Japan FAX +49 621 3288 6495 Nairobi Tokyo, Japan EMAIL [email protected] PHONE +254 720 731 888 EMAIL [email protected] +737 101 653 56 VIKRAM SOLAR CREATING CLIMATE FOR CHANGE

NOTES

www.vikramsolar.com Toll free no:18002128200

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