1. Partial funding of capital expenditure through investment in our wholly owned Subsidiary, VSL GreenPower Private Limited, for setting up of an integrated 3,000 MW solar cell and 3,000 MW solar modulemanufacturing facility at plot no. A-5, A-6, A-7 & A-10, SIPCOT Industrial Complex, Gangaikondan,District Tirunelveli 627 352, Tamil Nadu (“Project Site”) (“Phase-I Project”).2. Funding of capital expenditure through investment in our wholly owned Subsidiary, VSL Green PowerPrivate Limited, for expanding the manufacturing capacity of the solar module manufacturing facility setup under the Phase-I Project from 3,000 MW to 6,000 MW at the Project Site (“Phase-II Project”).3. General corporate purposes.