1.  All amounts in the financial statements are presented in Rupees
 Crores, unless otherwise stated. The note numbers appeared in the [ ]
 are as they appear in the complete set of Financial Statements. These
 abridged financial statements have been prepared in accordance with the
 requirements of Rule 7A of the Companies (Central Government''s) General
 Rules & Forms, 1956 and clause 32 of the Listing Agreement. These
 abridged financial statements have been prepared on the basis of the
 complete set of financial statements for the year ended March 31, 2011.
 
 2.  [B2]Contingent liabilities not provided for in respect of:
 
 a.  Letter of Credits outstanding for purchase of materials aggregating
 to Rs. 50.92 crores (Previous Year- Rs. 162.75 crores).
 
 b.  Outstanding Bank Guarantees and Counter / Corporate Guarantees
 given on behalf of subsidiary/associates companies aggregating to Rs.
 1550.55 crores (Previous Year - Rs. 886.06 crores).
 
 c.  Capital commitments - Rs. 137.17 crores (Previous Year - Rs. 164.64
 crores).
 
 d.  Bills discounted with banks aggregating to Rs. 32.41 crores
 (Previous Year - Rs. 40.62 crores).
 
 e.  Duty on account of Advance Authorisation against Export Obligation
 is Rs. 1.03 crores. (Previous Year - Rs. 1.61 crores).
 
 f.  Disputed amount involved in three income-tax demands under appeal -
 Rs. 4.42 crores (Previous Year - Rs. 4.09 crores). The management is of
 view that the outcome of the appeal would be favourable to the company,
 hence no provision has been made against these income-tax demands.
 
 g.  A demand raised by the Service tax department of Rs. 0.06 crores
 (Previous Year Rs. 0.06 crores), against which company has filed an
 appeal to the jurisdiction authorities.
 
 3.  [B6]Greenearth Resources & Projects Limited (formerly known as
 Austral Coke & Projects Limited) had filed a defamation suit in Hon''ble
 Bombay High Court against the Company for Rs.600 Crores. The Company
 had also filed Civil Suit in Hon''ble Calcutta High Court against
 Greenearth Resources & Projects Limited, all its Directors, its
 merchant bankers and Auditors and others claiming for loss of damages
 worth Rs.4761 crores. Management is confident that outcome of the
 defamation suit filed by the Greenearth Resources & Projects Limited
 would be in favour of the company.
 
 4.  [B12]The company uses forward contracts to hedge its risks
 associated with foreign currencies relating to foreign currency
 liabilities. The company does not use forward contracts for speculative
 purpose.
 
 5.  [B13]Exchange difference Gain/ (Loss) of Rs. (0.03) Crores
 (Previous Year Rs. 0.58 Crores) in respect of unexpired period of
 forward cover contracts will be recognised in the Profit & Loss
 accounts in subsequent year.
 
 6.  [B14]Foreign Currency Convertible Bonds (FCCB)
 
 The Company issued 600, Zero Coupon Unsecured Foreign Currency
 Convertible Bonds (FCCB) of US$ 100,000 each aggregating US$ 60 Million
 at par on 11th April, 2006. These bonds are convertible into equity
 shares of the Company at the option of bondholders at a price of Rs.
 44.64 per share, If not converted then they are redeemable on 12th
 April, 2011 at 139.36% of the face value.
 
 As on 31.03.2011, 426 Bonds has been converted into 3,18,98,284 equity
 shares leaving balance of 174 bond as on 31.03.2011.  Subsequently,
 these bonds have also been converted and consequently 1,74,07,793
 Equity Shares & 17,40,778 B Equity Shares have been allotted on 8th
 April 2011. With these conversions, all the FCCB''s have been fully
 converted.
 
 7.  [B16]Secured Non-Convertible Debentures:
 
 - 11.90% Secured Redeemable Non Convertible Debentures of Rs. 100.00
 Crores (Previous Year Rs. 100.00 Crores) are redeemable at par in 4
 equal annual installments commencing from 07th February 2012.
 
 - 11.00% Secured Redeemable Non Convertible Debentures of Rs. 250.00
 Crores (Previous Year Nil) are redeemable at par in 8 equal half yearly
 installments commencing from 29th April 2013.
 
 - 12.50% Secured Redeemable Non Convertible Debentures of
 
 - Rs. 10.00 Crores (Previous Year 10.00 Crores) are redeemable at par
 in 4 equal annual installments commencing from 30th May 2012,
 
 - Rs. 10.00 Crores (Previous Year 10.00 Crores) are redeemable at par
 on 30th May 2012,
 
 - Rs. 10.00 Crores (Previous Year 10.00 Crores) are redeemable at par
 on 30th May 2013,
 
 - Rs. 10.00 Crores (Previous Year 10.00 Crores) are redeemable at par
 on 30th May 2014,
 
 - Rs. 10.00 Crores (Previous Year 10.00 Crores) are redeemable at par
 on 30th May 2015
 
 8.  [B19]For the Convenience of operations, Bajrang Bali Coke
 Industries Ltd has appointed the Company as ''Operator'' to operate and
 manage their plants at Bhachau Gujarat w.e.f. 1st April 2010 as per
 terms of an agreement dated 1st April 2010. Pursuant to the said
 agreement and supplementary agreement dated 28th March, 2011 the
 Company has given an interest free Security Deposit of Rs. 30 Crores to
 Bajrang Bali Coke Industries Ltd. Consequently, additionals capacity of
 90,000 MT per annum of Metallurgical Coke has been available to the
 company.
 
 9.  [B24] Previous Year figures have been regrouped / rearranged
 wherever considered necessary.