The accounts are prepared under the historical cost convention (except
 for revaluation of certain fixed assets as stated below) and materially
 comply with the mandatory accounting standards issued by the Institute
 of Chartered Accountants of India The significant accounting policies
 followed by the Company are as stated below:
 
 USE OF ESTIMATES
 
 The preparation of financial statements requires estimates and
 assumptions to be made that affect the reported amounts of assets and
 liabilities on the date of financial statements. Differences between
 the actual results and estimates are recognized in the period in which
 the results are known/materialized.
 
 A.  FIXED ASSETS
 
 Fixed assets are stated at cost or repossessed value in the case of
 non-payment from buyers, net of MODVAT/ CENVAT/ VAT less Accumulated
 depreciation and impairment loss if any. The cost comprises of purchase
 price (net of rebates and discounts), import duties, levies (net of
 Cenvat) and any directly attributable cost of bringing the assets to
 its working condition for the intended use.
 
 The Company treats Non Refundable Guarantee Deposits paid for Wind
 Electric Generators as Capital assets, since related assets are in its
 control, earning income of power generation, which are adjusted at the
 time of conclusion of the contract.
 
 B.  DEPRECIATION
 
 Depreciation on Fixed Assets is provided on Straight Line Method at the
 rate and in the manner prescribed in Schedule XIII of the Companies
 Act, 1956 on cost including revaluation cost, Capitalization of Rupee
 Fluctuation cost in terms notification issued by The Ministry of
 Corporate Affairs on march 31,2010 in relation to AS 11, less
 accumulated depreciation.
 
 C.  INVESTMENTS
 
 Investments are held by the company as long term asset including
 investments in subsidiaries. The market fluctuation for the
 increase/decrease in the value of the investments are not accounted as
 the investments are unlisted. Company treats key man insurance as
 investments along with accrued bonus.
 
 D.  IMPAIRMENT OF ASSETS
 
 As the assets are treated as impaired when the carrying cost of assets
 exceeds its recoverable value.  An impairment loss is charged to the
 Profit & Loss Account in the year in which an asset is identified as
 impaired. The impairment loss recognized in prior accounting period is
 reversed if there has been a change in the estimate of recoverable
 amount.
 
 E.  INVENTORIES
 
 Inventories are valued at cost, net realizable value in the case of
 unsold power and in case of work-in- progress it is valued to the
 extent of its completion.
 
 F.  REVENUE RECOGNITION
 
 Revenue consists of sale of power, sale of projects and other income.
 
 Sale of power is recognized at the point of dispatch of electricity
 generated from Plant and Stock points.  Sale of projects is recognized
 at the point of sale less manufacturing expenses. Other Income is
 recognized on accrual basis. Company recognized income from carbon
 Credit based on eligible criteria.
 
 G. RETIREMENT BENEFITS
 
 The Company has provided for retirement benefits to the employees such
 as gratuity, Provident Fund and ESI. In the case of gratuity, the
 Company has formulated the policy in consultation with the Life
 Insurance Corporation of India who have provided actuarial valuation.
 
 H.  FOREIGN CURRENCYTRANSACTION
 
 Transactions in foreign currency are recorded at the exchange rate
 prevailing on the date of transaction and in the case of Foreign
 Currency Convertible Bonds, as per the Notification issued by The
 Ministry of Corporate Affairs Dt. March 31,2009. Companies (Accounting
 Standard) Rules, 2009
 
 I.  TAXON INCOME
 
 Provision is made for Income Tax, estimated to arise on the results for
 the year, at the current rate of Tax, in accordance with the income tax
 act, 1961. Deferred tax on account of timing difference between
 accounting and taxable profit is accounted for on the liability method,
 at the current rate of tax to the extent the timing differences are
 expected to crystallize. The company has provided Rs 1,367,227/- taking
 in to account the profit for the period April to March.
 
 J.  PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 Provisions involving substantial degree of estimation in measurement
 are recognized when there is a present obligation as a result of past
 events and it is probable that there will be an outflow of resources.
 Contingent liabilities are not recognized but are disclosed in the
 notes. Contingent assets are neither recognized nor disclosed in the
 financial statements.
 
 K. SEGMENT REPORTING
 
 Company is operating business unit wise, according to the nature of
 products. Services provided are recognized in segments representing one
 or more strategic business units that offer products or services of
 different nature and to different markets.
 
 Company''s operations could not be analyzed under geographical segments
 in considering the guiding factors as per Accounting standard -17
 issued by the Institute Of Chartered Accountants of India.
 
 L. LOANS AND ADVANCES AND DEBTORS
 
 Doubtful debtors /Advances are written off in the year in which these
 are considered to be irrecoverable. However, during the year the
 company has not recognized any bad debts.
 
 M. EARNING PERSHARE
 
 The company reports basic and diluted earnings per share in accordance
 with Accounting Standard issued by the Institute of Chartered
 Accountants of India. Basic earnings per share is computed dividing the
 net profit for the year by the Weighted Average number of equity shares
 outstanding during the year. Diluted earning per share is computed by
 dividing the net profit for the year by weighted average number of
 equity shares outstanding during the year as adjusted for the effects
 of all dilutive potential equity shares except where results are
 anMilutive.