1.  Contingent Liabilities
 
 A) Claims against the Company not acknowledged as debt.
 
 i) Commercial claims pending in the Courts or lying with Arbitrators
 amounting to Rs. 205.18 Lakhs (Rs. 7075.67 Lakhs).
 
 ii) Few cases relating to the employees/others are pending in the Court
 against the Company, in respect of which the liability is not
 ascertainable.
 
 B) Estimated amount of contracts remaining to be executed on capital
 account (net of advances) and not provided for Rs. 3883.26 Lakhs (Rs.
 5589.45 Lakhs).
 
 C) Income Tax/Fringe Benefit Tax assessments have been completed upto
 the assessment year 2008-09. Income Tax / Fringe benefit Tax
 liability, if any, in respect of pending assessments for the assessment
 years 2009-10 and 2010-11 cannot be ascertained although tax as per
 return/revised return has been paid in full.
 
 The Company has filed an application for rectification (u/s 154) of
 short credit given for Tax deducted at Source (TDS) and other
 processing mistakes amounting to Rs. 2099.23 lakhs for Assessment years
 2008-09 and 2009-10.
 
 Income Tax Department is in appeal for an amount of Rs. 662.27 lakhs
 with Income Tax Appellate Tribunal against the Commissioner of Income
 Tax (Appeals) Orders in Company''s favour u/s 250 for the Assessment
 Years 2002-03, 2004-05, 2006-07 and 2007-08.
 
 The Company has filed an appeal with Commissioner of Income Tax
 (Appeals) for an amount of Rs. 2.55 Lakhs against the order of Assistant
 Commissioner of Income Tax (TDS) u/s 201(1) for the Assessment Year
 2009-10.
 
 Wealth Tax Assessments have been completed upto the Assessment Year
 2008-09. Wealth Tax liability, if any, in respect of pending
 assessments for the Assessment Years 2009-10 and 2010-11 cannot be
 ascertained although tax on returned wealth has been paid in full.
 
 Company has filed an appeal against demand of Service Tax for Rs. 1.58
 lakhs (Rs. 1.58 Lakhs) and interest/penalty thereon by Additional
 Commissioner Service Tax, Delhi for the financial year 1997-98 before
 Commissioner of Central Excise (Appeals).
 
 Company has filed an appeal against demand of service tax (inclusive of
 penalty of Rs. 31.44 Lakhs) for Rs. 62.87 lakhs (Rs. 62.87 lakhs) and
 interest thereon by Additional Commissioner, Service Tax, Delhi for the
 period 01.04.2002 to 17.04.2006 before Commissioner of Central Excise
 (Appeals).
 
 Service Tax Department is in appeal for Rs. 284.50 Lakhs (Rs. 284.50
 Lakhs) before Customs, Excise and Service Tax Appellate Tribunal
 (CESTAT) New Delhi, against the Commissioner (Appeals) order in
 Company''s favour for Refund of service tax.
 
 D) Guarantees issued by the banks and outstanding as on 31st March,
 2011 – Rs. 33166.77 Lakhs (Rs. 41595.89 Lakhs), against which a provision
 of Rs. 12157.65 Lakhs (Rs. 13072.94 Lakhs ) has been made in the books
 towards liability for performance guarantees/warranties.
 
 E) Letter of credit outstanding as on 31st March, 2011—Rs. 23031.68 Lakhs
 (Rs. 13005.83 Lakhs).
 
 F) Uncalled liability on partly paid equity shares of TEIL Projects
 Ltd., a joint venture company – Rs. 200.00 Lakhs (Rs. 300.00 Lakhs)
 
 2.  Jobs with lumpsum price, where the physical progress of work is
 less than 25 per cent, the direct cost incurred thereon amounting to Rs.
 21286.53 Lakhs (Rs. 4221.59 Lakhs) have been carried forward as Work in
 Progress.(Refer item 3(A)(b) of Accounting Policies).
 
 3.  The profit & loss account include Research & Development
 expenditure of Rs. 1540.92 Lakh (Rs. 1140.15 Lakhs).
 
 4.  Wage Revision liability in respect of unionized staff has been
 provided in the books of accounts for the period 01.01.2007 to
 31.03.2011.
 
 5.  Land & Buildings include Rs. 0.07 Lakhs (Rs. 0.07 Lakhs) being amount
 invested as Share Money in Cooperative Housing Societies as detailed
 below:
 
 Twintowers Premises Cooperative Society Ltd., Mumbai 10 ordinary shares
 of Rs. 50/- each fully paid.
 
 Gardenview Premises Cooperative Society Ltd., Mumbai 10 ordinary shares
 of Rs. 50/- each fully paid.
 
 Heera Panna Towers Cooperative Housing Society Ltd., Vadodara 10
 ordinary shares of Rs. 50/- each fully paid.
 
 Suflam Cooperative Housing Society Ltd., Ahmedabad 8 ordinary shares of
 Rs. 250/- each fully paid.  Darshan Co-operative Society Ltd., Vadodara
 80 ordinary shares of Rs. 50/- each fully paid
 
 6.  There is no impairment of cash generating assets during the year in
 terms of Accounting Standard (AS-28) Impairment of Assets.
 
 7.  Provisions no longer required written back under head Rs.Other
 Income'' represents:
 
 i.  Contractual obligations written back for Rs. 997.73 Lakhs (Rs. 126.99
 Lakhs) in respect of contracts for which obligation under respective
 contracts is completed.
 
 ii.  Consequent to settlement & closeout agreement after the close of
 financial year between the company and one of its sub- contractor for
 claim of sub-contractor which is under arbitration between the parties,
 the excess provision amounting to Rs. 874.81 lakhs being the difference
 between the amount provided by the Company in its books of accounts
 till 31st March, 2011 and amount settled has been written back.
 
 8.  Advances under Current Liabilities include adjustment in turnover
 amounting to Rs. 86878.92 Lakhs (Rs. 79402.03 Lakhs) in terms of Accounting
 Policy 2 & 3 of Schedule-Rs.I''.
 
 9.  Information regarding imports and foreign exchange earnings,
 expenditures etc.  (Excluding exchange difference on conversion of
 foreign currency).