Adani Power Limited has submitted to the Exchange, a copy of the Investor Presentation for August 2026

August 1, 2026 BSE Limited National Stock Exchange of India Limited Floor 25, P J Towers, Exchange Plaza, Dalal Street, Bandra Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 533096 Scrip Code: ADANIPOWER Dear Sirs, Sub.: Investor presentation of Adani Power Limited for August 2026 Please find attached the updated investor presentation of Adani Power Limited for your records. The presentation is also being uploaded on the website of our Company (www.adanipower.com). Kindly take our disclosure referred above on your record. For Adani Power Limited Puneet Bansal Company Secretary Adani Power Limited Tel +91 79 2656 7555 “Adani Corporate House” Fax +91 79 2555 7177 Shantigram, Near Vaishno Devi Circle, info@adani.com S. G. Highway, Khodiyar, www.adanipower.com Ahmedabad-382421, Gujarat India CIN: L40100GJ1996PLC030533 Registered Office: “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad-382421 Adani Power Limited Investor Presentation | August 2026 Contents 1 Executive Summary 2 Key Investment Highlights 3 ESG Annexures Home outline Hsoalmid bfiullrger Menu Icon with 2 Executive Summary SSTTRRIICCTTLLYY CCOONNFFIIDDEENNTTIIAALL India | Colossal Growth Opportunity Fastest growing economy + large consumer base…. …needs critical infra in transport and logistics Key Highlights: Fastest Growing Large Economy Large Consumer Base Under penetration of Air Travel High logistics cost G20 Real GDP CAGRs, 2014 to 2024 (%) Top 10 Countries by Population (in Billion), 2026 Annual air trips per capita, IATA, 2023 Logistics spends as a % of Output by Firm-Size • India’s real GDP grew at Future outlook for India has largest consumer Exponential growth opportunity Transportation accounts for 6.7% India is even stronger base in the world to serve Indian Consumers ~ 60% of direct logistics costs 7.1% in FY25 & is 5.8% Core Infra 5.1% 4.6% 1.481.41 14-17% Investments estimated to have grown 3.7% 3.7 11% & Last Mile 7.7% 3.1% 1.9 2.1 8% Connectivity at in FY26. 1.9% 1.8%1.8%1.7% 0.35 0.290.260.240.210.180.140.14 0.4 0.4 0.9 1.2 w tei rl ml d lr oiv ge l to icn sg cost IND CHN USA IDN PAK NGA BRA BGD RUS ETH India Brazil China Germany France UK US UAE < $5 Mn < $27 Mn > $27 Mn efficiency Firm Size By Revenue • India’s target to be a India Economic Growth + Large Consumer Base → As Indians shift to air travel, Scaled Road network to drive developed economy by Airports, Roads, Digital airports biggest beneficiary lowering of logistics cost 2047: ~$35 Tn GDP with Decarbonisation & Atmanirbhar bharat is the focus.. Fully developed Indigenous digital stack 10-11% nominal growth rate Electricity Consumption to Grow Decarbonisation Drive and Digital Transactions under UPI India AI Mission Electricity consumption per capita (MWh p.a.) Focus on reducing CAD Umbrella India is ~1/3rd of global average USD b ’23 ‘24 ’25 Identification Layer $1.2 bn Govt. allocation to • With rapid urbanization Goods Bal (265) (245) (287) strengthen AI capabilities in 15.3 Transaction Layer 5 years and rising consumption, 12.6 Petroleum Bal (112) (95) (122) India ranks #1 in Global AI Indian Infrastructure is at Services Bal 143 163 189 242 bn # of transactions #1 skill penetration according 5.7 6.5 Global Average in India in FY26 to Stanford AI Index 2026 the cusp of multi-decade 3.6 MWh p.a. Trade Balance (122) (82) (98) 1.2 Global Market AI skilled workforce has super cycle. Net remittance 55 56 75 >49% share of India in 14x seen a 14x increase from India EU China USA UAE real-time digital 2016 to 2023 Cur a/c Deficit (67) (26) (23) transactions (2025) Explosive growth in power Green Hydrogen, Primary Digital Stack → Primary Data + AI → Datacenter Demand → generation, transmission and industry (Cu, PVC, RE Mfg), Generation → Power Demand distribution sectors driving indigenization of CAD Data Localisation …. Sources: World Bank, Government of India, Deloitte 2024, CareEdge Industry Report, Union Budget 2024-2025, FY32 targets (Source: 20th EPS, NPP, CEA, CEA Optimal mix and NEP-II Transmission), GDP, IMF, Ember Report, WB, AI Mission, RBI Statistics, DPIIT, Home outline Hsoalmid bfiullrger Menu Icon with 4 Gross Domestic Product | CAGR: Compounded Annual Growth Rate | MWh: megawatt hour | p.a.: per annum | RE: Renewable Energy | CAD: Current Account Deficit | Bal: Balance | Cur a/c: Current Account | UPI: Unified Payments Interface | b: billion | Cu: Copper | PVC: Polyvinyl Chloride | RE: Renewable Energy | Mfg: Manufacturing | IATA: International Air Transport Association India | Electricity Sector – Multi-decade Investment Opportunity Growth in Indian Electricity Sector Adani’s role in powering India India’s Electricity Sector 6% 11% CAGR ✓ Adani Portfolio has market leading position across entire energy value chain (In GW) 1,000 One of the fastest growing electricity market in the world $500 Bn+ ✓ Adani Green → Largest Renewable Power Generation Company 344 Investment Opportunity Installed capacity 11% CAGR → ~1,000 GW by FY32 ✓ Adani Power → Largest Private Baseload Power Generation Company by FY32 Driven by EVs, Data Center, Urbanization & Industrialization FY18 FY26 FY32E ✓ Adani Energy Solutions → Largest Private Utility Infrastructure Platform 1 Renewable Power Generation 19% 13% 1.7x 2.1x vs Industry (In GW) 571 Ranks 3rd globally in total renewables installed capacity $300 Bn+ 33% 27% CAGR $18 Bn+ 275 (In GW) 50.01 Fastest growth rates in solar energy – 44+ GW in FY26 69 Investment Opportunity 19.3 Investment Plan by FY32 2.0 by 2030 Government’s ambitious target of 500 GW by 2030 FY18 FY26 FY32E FY18 FY26 FY30E 2 Baseload Power Generation 1% 4% 5.5x 4.1x vs Industry Peak demand → 388 GW in FY32 vs 245 GW in FY26 (In GW) 309 $91 Bn 8% 15% CAGR $20 Bn+ 223 249 (In GW) 42.1 Base load supply critical for meeting growing peak demand Investment Opportunity 18.1 Investment Plan 10.4 by FY32 by FY32 Add. coal capacity required 80 GW by FY32, 97 GW by FY35 FY18 FY26 FY32E FY18 FY26 FY32E Transmission & Distribution Network 3 3.3x 2.5x vs Industry 3% 4% One of the largest synchronized grids globally (In ‘000 ckms) 648 $110 Bn 11% 11% CAGR $17 Bn+ 391 Transmission (In 000 ckms) 30.0 20.0 Investment Plan Expansion of Inter-regional transmission capacity – 120 GW+ Investment Opportunity 8.6 by FY30 (FY22-32) Distribution → ~9% privatized, huge untapped opportunity FY18 FY26 FY30E FY18 FY26 FY32E India’s Energy Sector is the largest macro–Investment Opportunity, Adani Energy Businesses best positioned to play this theme EV: Electric Vehicles | GW: GigaWatt | TBCB: Tariff Based Competitive Bidding | CAGR: Compounded Annual Growth Rate | p.a.: per annum | TBCB: tariff based competitive bidding | ckms: circuit kilometers Home outline Hsoalmid bfiullrger Menu Icon with 5 Baseload Power includes coal, lignite, gas & diesel | Renewable Power includes solar, wind, biomass & small hydro | 1 Includes Renewables and Pump Storage Capacity (PSP) Sources: Additional coal capacity | NEP | Installed capacity Mar 2026 | Installed Capacity Mar 18 | Transmission Lines Mar 26 | Transmission Lines Mar 18 | Inter-regional | India rank 3rd in RE | Ministry of Power | RE Investment Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Materials, Metal Incubator Energy & Utility Transport & Logistics Specialty & Mining (74.84%) (62.43%) (74.96%) (66.03%) (67.29%) AEL1 AGEL APL APSEZ Ambuja Cements4 Renewables IPP Ports & Logistics (74.71%) (37.40%) (50.05% (72.66%) AESL ATGL2 ACC4 Orient4 T&D Gas Discom (100%) (50.00%) (100%) (100%) (100%) (69.02%) ANIL AdaniConneX5 AAHL ARTL Copper, Aluminum NDTV New Industries Data Centre Airports Roads (100%) (100%) (100%) (100%) Mining Services Specialist PVC & GCC Manufacturing Com. Mining 6 (%): Adani Family equity stake in Adani Portfolio companies (%): AEL equity stake in its subsidiaries (%): Ambuja equity stake in its Liste [Showing first 8,000 characters — download PDF for full document]