As at 31.03.2011    As at 31.03.2010 
                                      Rs.                Rs. 
 
 01 Contingent Liability not
 provided for in respect of:
 
 [a] Outstanding amount of Bank 
 Guarantees                     13,667,280,795      10,859,406,251
 
 Margin Money deposited 
 against the above                 132,218,375         542,465,148
 
 [b] Corporate Guarantees: [i] for Term Loans, NCDs and Deferred Payment
 Guarantees granted by Financial Institutions & Banks for 300 MW
 Baspa-II HEP of Jaiprakash Power Ventures Limited [Subsidiary Company]
                                 1,278,697,966       1,980,025,692
 
 [ii] for Rupee Term Loans and Foreign Currency Loans granted by
 Financial Institutions & Banks for 400 MW Vishnu Prayag HEP of
 Jaiprakash Power Ventures Limited [Subsidiary Company] 
 
                                   861,033,750       1,008,854,175
 
 [iii] For Performance Guarantee issued by the ICICI Bank on behalf of
 Jaypee Ganga Infrastructure Corporation Limited, [100% Subsidiary]
                                 8,947,500,000       8,947,500,000
 
 [iv] For Non Convertible Debentures issued to Axis Bank Limited by
 Jaypee Infratech Limited, [Subsidiary Company] 
                                        -            5,000,000,000
 
 [v] For Performance Guarantee issued by the Yes Bank Limited on behalf
 of Jaypee Sports International Limited, [Subsidiary Company]
 
                                        -            1,000,000,000
 
 [c] Outstanding Letters of Credit5,741,421,718     13,246,294,462 
 Margin
 Money deposited against the above      822,172         27,075,540
 
 [d] The Madhya Pradesh Government through the Collector, Rewa issued a
 notice raising a demand on account of change in the conversion factor
 for calculation of Royalty on Limestone raised and interest upto
 December, 2008 in respect of Jaypee Rewa Plant.  The Company has
 contested the demand and the Hon''ble Madhya Pradesh High Court has
 stayed the demand.               1,337,794,099        885,490,289
 
 Amount deposited under Protest     434,296,115        354,196,115
 
 The above contingent liability does not include demand for the period
 January 2009 to March 2011 which has not been raised by the Madhya
 Pradesh Government till 31.03.2011
 
 [e] [i] Trade Tax rebate of 25% on sale of Cement manufactured with fly
 ash purchased
 
 within the state of U.P. has been disputed by the U.P. Trade Tax
 Department. The Hon''ble High Court at Allahabad disposed-off the Writ
 Petition on 29.01.2004 in favour of the Company. The Department has
 thereafter fled SLP in the Hon''ble Supreme Court of India, which has
 been admitted and an interim order has been passed that pending
 disposal of the SLP, [a] the Department shall not take any step to
 encash the Bank Guarantees amounting to Rs. 16,69,36,481/- [included in
 1(a) above] [Previous Year Rs. 16,69,36,481/-] and [b] granted interim
 stay for refund of amount of Rs. 16,73,31,838/- [Previous Year Rs.
 16,73,31,838/-] deposited under protest with the Department.
 516,237,283 516,237,283
 
 [ii] The Government of U.P. vide Notification dated 14.10.2004 withdrew
 Notification dated 27.02.1998 granting rebate on tax on sale of fly-ash
 based cement manufactured within the State of U.P., out of fly-ash
 procured within U.P. The disputed tax for the period from 15.10.2004 to
 31.12.2007 in respect of Jaypee Ayodhya Grinding Operations at Tanda
 and Jaypee Cement Blending Unit at Sadva Khurd,Allahabad established
 within U.P. amounting to Rs. 53,76,73,870/- [Previous Year Rs.
 53,76,73,870/- ] has been deposited under protest with U.P. Trade Tax
 Department. The above Notification dated 14.10.2004 has been challenged
 by the Company before the Lucknow Bench of Hon''ble Allahabad High Court
 on the grounds of promissory estoppel. The case has been decided in
 favour of the Company by Lucknow Bench of Hon''ble Allahabad High Court
 vide their Order dated 29.03.2010 in respect of Jaypee Ayodhya Grinding
 Operations Unit of the Company. The Department has thereafter fled SLP
 in the Hon''ble Supreme Court of India, which has been admitted and
 order of the Hon''ble High Court order dated 29.03.2010 has been stayed
 by Supreme Court of India vide their order dated 06.07.2011.
 537,673,870 537,673,870 However, Writ petition in respect of Jaypee
 Cement Blending Unit, Allahabad is still pending before the Lucknow
 Bench of Hon''ble High Court.
 
 [f] The Government of U.P. has imposed Entry Tax @2% on the value of
 the Cement w.e.f.  16.05.2003. This was challenged by the Company
 before the Hon''ble High Court at Allahabad and was decided in favour of
 the Company. However, the Order of the Hon''ble High Court has been
 challenged by the Department before the Hon''ble Supreme Court of India.
 The Hon''ble Supreme Court has directed Hon''ble Allahabad High Court on
 
 14.07.06 to examine the constitutional validity of U.P. Entry Tax Act.
 The High Court on 08.01.07 has held the above Act ultra vires. The
 Hon''ble Supreme Court on 17.04.07 passed an interim order sustaining
 the High Court Order and restricting further deposit.  The final
 decision of Hon''ble Supreme Court is awaited. The Company has deposited
 Rs. 34,09,36,649/- [Previous Year Rs. 34,09,36,649/-) and furnished
 Indemnity Bond of Rs. 16,38,46,913/- [Previous Year Rs. 13,73,58,510/-]
 under protest, against the amount worked out for the period upto
 23.09.2007.  580,123,820 557,904,792
 
 [g] Govt. of U.P. has issued an ordinance viz. Uttar Pradesh Tax on
 entry of goods into local areas Ordinance 2007, imposing entry tax on
 certain notifed items including cement and clinker, on value of the
 goods. This was challenged by the Company in the Hon''ble High Court at
 Allahabad. The Hon''ble Court on 01.11.07 has passed an interim order
 that Entry Tax will not be realised from the Company in respect of
 transactions before the date of promulgation of Ordinance dated
 24.09.07 provided the Company furnished security other than cash or
 bank guarantee for the amount of Entry Tax due for that period and
 entry tax in respect of the transactions for the subsequent period will
 also not be realised from the Company provided the Company furnishes
 Bank Guarantee for the amount due in respect of the transactions for
 that period. The final decision of the Hon''ble High Court is still
 awaited. As desired by the Hon''ble High Court the Company has submitted
 Bank Guarantee for Rs. 90,05,57,352/- [included in 1(a) above] [Previous
 Year Rs. 85,12,18,484/-] upto 31.03.2011.  906,037,730 856,286,767
 
 [h] The Govt. of M.P. vide Notification No. F-III-25/06/01/V(10) dated
 14.03.06 & subsequent Notification No. F-A/III-195/05/01/V(14) dated
 01.04.07 and also amending Section 4 and 4 A of the Entry Tax Act had
 enhanced the rate of Entry Tax from 1% to 5% on raw materials used for
 manufacture of Cement to the extent such Cement was transferred out of
 the state of M.P. as stock transfer. In response to the Special Leave
 Petition fled by the Company, the Hon''ble Supreme Court vide its Order
 dated 15.09.2008 has passed an order to deposit, ffty percent of the
 tax by way of cash and balance ffty percent by way of Bank Guarantee
 till the hearing and final disposal of Special Leave Petition.
 
 The Company has deposited Rs. 58,21,45,729/- [Previous Year Rs.
 46,43,68,267/-] and furnished Bank Guarantee of Rs. 33,01,18,221/-
 [included in 1(a) above] [Previous Year Rs. 21,19,59,685/-] upto
 31.03.2011 as per the Order of Hon''ble Supreme Court.  930,571,583
 676,795,421
 
 [i] Consequent to commissioning of Captive Power Plant at Jaypee Rewa
 Plant, the company gave one months notice under Clause 7.26 of the
 Electricity Supply Code 2004 for termination of the agreement and
 permanent disconnection of power supply with effect from midnight of
 30.08.2006, which was challenged by M.P. Poorv Kshetra Vidhyut Vitran
 Company Limited [MPPKVVCL] in Hon''ble High Court of M.P. at Jabalpur.
 On 22.06.2009, the Appellate Bench of the High Court delivered the
 judgment holding that the HT Agreement of 26.11.1994 was not terminated
 as per the provisions of the said agreement and the provisions of the
 Supply Code 2004 shall have no application to such agreement.
 Subsequently, a Special Leave Petition against this Order was fled
 before the Hon''ble Supreme Court. The Hon''ble Supreme Court granted
 Stay on the condition that the amount of Rs. 10 Crores deposited as Fixed
 Deposit at the time of Stay from the High Court of Jabalpur shall be
 encashed and paid to MPPKVVCL.  2,912,928,721 1,774,309,857
 
 Amount deposited under Protest 100,000,000 100,000,000
 
 [j] The Government of Himachal Pradesh has imposed tax on
 transportation of goods under the Himachal Pradesh Taxation (on Certain
 Goods Carried by Road) Act, 1999. This was challenged by the Company
 before the Hon''ble High Court of Himachal Pradesh at Shimla . The
 Hon''ble High Court vide an interim order dated 17.12.2010 held that tax
 paid by the petitioner would be treated as deposit till the final
 decision.  536,125,508 -
 
 Amount deposited under Protest 511,758,363 -
 
 [k] The District Magistrate, Sonebhadra/Mirzapur issued notice raising
 demand for Stamp Duty under Indian Stamp Act, 1899 in respect of sale
 of movable and immovable assets of U.P. State Cement Corporation
 Limited for Rs. 459 Crores executed by Offcial Liquidator in favour of
 the Company. The Company has deposited Stamp Duty of Rs. 8.04 Crores on Rs.
 137.12 Crores representing valuation of immovable assets i.e. Land,
 Building & Civil Works as per the valuation report of a Government
 Approved Valuer. The Company is contesting that no demand is payable by
 the Company on movable assets acquired.  286,800,000 286,800,000
 
 [l] The Madhya Pradesh Government, through the Collector, Rewa issued
 notices raising demand on account of Rural Infrastructure Tax in M.P.
 from Oct 2005 to Dec 2009. The Company had challenged the legal
 validity of this Notification before the H''ble High Court, Jabalpur. The
 H''ble High Court upheld the validity of this tax. Special Leave
 Petition against this Order has been fled before the Hon''ble Supreme
 Court, which has admitted the Case.  78,930,376 78,930,376
 
 Amount deposited under Protest 50,000,000 50,000,000
 
 [m] Cess Assessment officer & Joint Commissioner of Labour, Eluru, A.P.,
 had served a Notice under the Building and Other Construction Workers
 Welfare Cess Act Rules, 1998 to pay Cess @1% on the cost of
 construction upto 31.03.2011, being undertaken at Companies Cement
 Plant in Andhra Pradesh. The Company had appealed against the same in
 Hon''ble High Court at Hyderabad and got interim stay on 31.08.2010.
 23,404,000 13,235,000
 
 [n] Excise matters under appeal 464,348,417 132,753,773
 
 Amount deposited under Protest 66,830,821 59,736,655
 
 [o] VAT / Sales Tax under appeal (other matters) 147,649,876 58,244,146
 
 Amount deposited under Protest 77,945,837 19,981,519
 
 Bank Guarantee under Protest [included in 1(a) above] 5,727,969 -
 
 [p] Entry Tax matters under Appeal 190,291,232 98,221,019
 
 Amount deposited under Protest 72,847,886 19,000,625
 
 Bank Guarantee under Protest [included in 1(a) above] 39,231,385
 36,220,133
 
 [q] Electricity Duty/ Cess matters under appeal 202,969,188 18,497,870
 
 Amount deposited under Protest 9,248,936 9,248,936
 
 [r] Service Tax matters under appeal 18,500,000 -
 
 [s] Income Tax matters under appeal 39,985,192 50,576,605
 
 [t] Other Claims against the Company not acknowledged as debts
 4,278,315,195 4,163,682,992
 
 Amount deposited under Protest 180,104,165 56,046,777
 
 Bank Guarantee deposited under Protest [included in 1(a) above]
 52,689,000 42,689,000
 
 [u] The Company has imported Capital Goods under Export Promotion
 Capital Goods Scheme [EPCG], where-under the Company is required to
 fulfill export obligation/ deemed exports amounting to Rs. 244.68 Crores
 [Previous Year Rs. 814.37 Crores] till 31.03.2015. The Liability on
 account of custom duty may arise alongwith interest @15% p.a., in the
 event of non-fulfillment of export obligation.  482,600,000
 1,017,900,000 02 Estimated amount of Contracts remaining to be executed
 on capital account and not provided 13,209,062,346 25,337,706,219 for
 (net of advances) 03. [a] The Company had issued 1,65,000 Nos 0.50%
 Foreign Currency Convertible Bonds [FCCB-II] of Euro 1000 each
 aggregating to Euro 165 Million at par on 09.03.2006. These Bonds are
 convertible at the option of bond-holders into equity shares of Rs. 10/-
 each fully paid at the conversion price of Rs. 558.773 per share, subject
 to the terms of issue, with a fixed rate of exchange of Rs. 53.599 equal
 to Euro 1.00 at any time on or after 19.04.2006 and prior to the close
 of business on 02.03.2013. Post split of the Equity Shares of Rs. 10/-
 each into 5 Equity Shares of Rs. 2/- each on 26.12.2007 and post bonus
 issue of one equity share of Rs. 2/- each against two equity shares of Rs.
 2/- each as on 19.12.2009, the Bonds are/will be converted into Equity
 shares of Rs. 2/- each at the conversion price of Rs. 74.5031 per share.
 
 2500 FCCBs of Euro 1,000 each were converted on 05.08.2010 into
 17,98,549 Equity Shares of Rs. 2/- each (Previous Year 500 FCCBs of Euro
 1,000 each were converted into 2,39,806 Equity Shares of Rs. 2/- each on
 03.08.2009 and 20 FCCBs of Euro 1,000 each were converted into 14,388
 Equity Shares of Rs. 2/- each on 29.03.2010).
 
 1,706 FCCBs of Euro 1,000 each [Previous Year 4,206] were outstanding
 as on 31.03.2011. Upon conversion of the outstanding Bonds into Equity
 Shares, the share Capital of the Company will increase by 12,27,330
 Equity Shares of Rs. 2/- each.
 
 Unless previously converted, the bonds are redeemable at maturity on
 09.03.2013 at a premium of 32.071% ; representing a YTM of 4.50% p.a.
 [value as on 31.03.2011 is Euro 1222.001 (Previous Year Euro 11,73.426)
 per Bond]. A reserve aggregating to Rs. 2,42,35,170/- (Previous Year Rs.
 4,47,21,338/-) upto 31.03.2011 has been created for the redemption
 premium.
 
 [b] The Company has issued 4,00,000 Zero Coupon Foreign Currency
 Convertible Bonds [FCCB-III] of USD 1,000 each aggregating to USD 400
 Million at par on 11.09.2007. These Bonds are convertible at the option
 of bond-holders into equity shares of Rs. 10/- each fully paid at the
 conversion price of Rs. 1,238.78 per share, subject to the terms of
 issue, with a fixed rate of exchange of Rs. 40.35 equal to USD 1.00 at any
 time on or after 22.10.2007 and prior to the close of business on
 05.09.2012. Post split of the Equity Shares of Rs. 10/- each into 5
 Equity Shares of Rs. 2/- each on 26.12.2007 and post bonus issue of one
 equity share of Rs. 2/- each against two equity shares of Rs. 2/- each as
 on 19.12.2009, the Bonds are/will be converted into Equity shares of Rs.
 2/- each at the conversion price of Rs. 165.1707 per share.
 
 No conversion has taken place during F.Y. 2010-11 (Previous Year Nil).
 
 FCCBs of USD 354.475 Million (Previous Year USD 354.475 Million) were
 outstanding as on 31.03.2011. Upon conversion of the Bonds into Equity
 Shares, the Share capital of the Company will increase by 8,65,95,663
 Equity shares of Rs. 2/- each.
 
 Unless previously converted, the bonds are redeemable at maturity on
 12.09.2012 at a premium of 47.701% ; representing a YTM of 7.95% p.a.
 [value as on 31.03.2011 is USD 1,31,980.712 (Previous Year USD
 1,22,042.014) for a principle amount of USD 1,00,000]. A reserve
 aggregating to Rs. 511,72,34,207/- (Previous Year Rs. 356,13,21,700) upto
 31.03.2011 has been created for the redemption premium.
 
 04 In the opinion of Board of Directors, the Current Assets, Loans and
 Advances have a value on realisation in the ordinary course of
 business at least equal to the amount at which they are stated in the
 Balance Sheet.
 
 [b] 9,000 NCDs of Rs. 10,00,000/- each aggregating Rs. 900 crores [Rs.
 2,50,000/- per Debenture aggregating Rs. 225 crore redeemed], are secured
 against first and exclusive charge by way of equitable mortgage by
 deposit of title deed over the land admeasuring 364.55 acres at Jaypee
 Greens Golf Course, Greater Noida, Uttar Pradesh and collaterally
 secured by first and exclusive charge by way of Registered mortgage over
 land of Jaypee Infratech Ltd. admeasuring 40 acres (residential 25
 acres and commercial 15 acres) situated at village Sultanpur, Noida,
 Uttar Pradesh and Village Wazirpur, Greater Noida, Uttar Pradesh
 respectively.  Out of the said 40 acres of land, the Company has
 entered into an Agreement to Sell with Jaypee Infratech Limited on
 15.12.2009 for purchase of 15 acres of commercial land. IDBI
 Trusteeship Services Limited has been appointed as Debenture Trustee
 for the said NCDs.
 
 [c] Term Loans of Rs. 2655.00 crores (Amount outstanding - Rs. 1583.23
 crores.) sanctioned by Financial Institutions, Banks and Bank
 Guarantees to the extent of Rs. 27 Crores [Previous Year Rs. 65.30 Crores]
 [for partially securing Non Convertible Debentures] together with all
 interest, liquidated damages, premia on prepayment or on redemption,
 costs, expenses and other monies, stipulated in the Loan Agreements are
 secured by equitable mortgage of Immovable Properties and Hypothecation
 of movables [present and future], save and except book debts and
 exclusive charge on assets including under Hire Purchase, ranking pari
 passu, subject to prior charge on specified movables created/to be
 created in favour of the Company''s Bankers for working capital
 facilities.
 
 [d] Term Loans sanctioned by IDBI Bank - Rs. 1800 crores, UCO Bank - Rs.
 500 crores, L & T Infra Finance Co. - Rs. 200 crores., Karnataka Bank - Rs.
 150 crores, Yes Bank - Rs. 450 crores. and State Bank of India - Rs. 1000
 crores, aggregating to Rs. 4100 crores together with all interest,
 liquidated damages, premia on prepayment or on redemption, costs,
 expenses and other monies, stipulated in the Loan Agreements secured by
 way of equitable mortgage of Immovable Properties and Hypothecation of
 Movables [present and future] except the assets pertaining to Wind
 Power and Real Estate Division and assets specifically charged to State
 Govt./ Financial Institutions etc, ranking pari passu, save and except
 book debts, subject to prior charge on specified movables created/ to be
 created in favour of the Company''s Bankers for working capital
 facilities.
 
 [e] Term Loans sanctioned aggregating to Rs. 3,000 Crores, Euro 15.85
 Million and USD 10.00 Million are availed for setting up of Cement
 Plants as per the following:
 
 The above outstanding together with all interest, liquidated damages,
 premia on prepayment or on redemption, costs, expenses and other
 monies, stipulated in the Loan Agreements, are secured/to be secured by
 equitable mortgage of immovable properties and Hypothecation of
 movables of respective Cement Plants [present and future], save and
 except book debts, ranking pari passu, subject to prior charge on
 specified movables created/to be created in favour of the Company''s
 Bankers for working Capital facilities.
 
 [f] Term Loans of Rs. 1200.00 crores obtained from Banks for setting up
 240 MW Captive Thermal Power Plant including 1.00 Million TPA Grinding
 Unit and Coal Washery at Churk Industrial Complex in Uttar Pradesh and
 120 MW Captive Thermal Power Plant including Coal Washery at Sidhi in
 Madhya Pradesh together with all interest, liquidated damages, premia
 on prepayment or on redemption, costs, expenses and other monies,
 stipulated in the Loan Agreements, are secured/to be secured by
 equitable mortgage of immovable properties and Hypothecation of
 movables of respective Thermal Power Plants (present and future), save
 and except book debts, ranking pari passu, subject to prior charge on
 specified movables created/to be created in favour of the Company''s
 Bankers.
 
 [g] Term Loans of Rs. 100 Crores availed [Amount outstanding Rs. 84
 crores] from L&T Infrastructure Finance Co. Ltd. together with all
 interest, liquidated damages, premia on prepayment or on redemption,
 costs, expenses and other monies, stipulated in the Loan Agreements,
 are secured/to be secured on equitable mortgage of immovable properties
 and Hypothecation of movables of Himachal Cement Plant (present and
 future), save and except book debts, as residual charge.
 
 [h] Term Loan of Rs. 200 Crs. availed from Canara Bank together with all
 interest, liquidated damages, premia on prepayment or on redemption,
 costs, expenses and other monies, stipulated in the Loan Agreements, is
 secured/to be secured on equitable mortgage of immovable properties and
 Hypothecation of movables of the Company except assets pertaining to
 Wind Power and Real Estate Division (present and future), save and
 except book debts, as residual charge.
 
 [i] External Commercial Borrowing of USD 27 Million and Ye n 1030.27
 Million availed [Amount outstanding USD 18.21 Million and Yen 781.70
 Million] from ICICI Bank Ltd for setting up of Wind Power Project in
 Maharashtra & Gujarat together with all interest, liquidated damages,
 premia on prepayment or on redemption, costs, expenses and other
 monies, stipulated in the Loan Agreements, is secured/to be secured by
 equitable mortgage of immovable properties and Hypothecation of
 movables of Wind Power Project [present and future], save and except
 book debts subject to prior charge on specified movables created/to be
 created in favour of the Company''s Bankers for working Capital
 facilities.
 
 [j] Term Loans of Rs. 325.00 crores (Amount outstanding - Rs. 82.89 crores)
 sanctioned by Exim Bank of India, IDBI Bank Ltd., Union Bank of India
 and IDFC Ltd., for commissioning of Tunnel Boring Machines [TBMs] at
 Srisailam Project Site, in Andhra Pradesh are secured / to be secured
 by hypothecation of all movable fixed assets relating to TBMs [present
 and future], save and except book debts, ranking pari passu, subject to
 prior charge on specified movables created/to be created in favour of
 the Company''s Bankers for working Capital facilities.
 
 [k] The Working Capital facilities availed from the Consortium member
 Banks with Canara Bank, as Lead, are secured by way of first charge on
 Current Assets i.e. Hypothecation of Stocks of Raw Materials,
 Work-in-Progress, Stock-in-Process, Finished Goods, Stores & Spares and
 Book Debts [except pertaining to Overseas Works and Projects under
 development] ranking pari-passu and 2nd charge on the Fixed Assets of
 the Company, both present and future except assets exclusively charged.
 
 [l] Interest Free Loans granted by U.P. Financial Corporation (UPFC)
 under Audyogik Nivesh Protshahan Yojna Scheme are secured by way of
 First Charge on the Fixed Assets of the respective Units of the
 Company.
 
 06 [a] The Provision for Taxation made in the Profit & Loss Account
 includes Rs. 40,00,000/- [Previous Year Rs. 40,00,000/-] towards Provision
 for Wealth Tax Expense for the year.
 
 09 The Company has transferred the Jaypee Rewa Soya Processing Unit
 which was under implementation in District Rewa, Madhya Pradesh to
 Jaiprakash Agri Initiatives Company Limited by virtue of Project
 Transfer Agreement dated 23.08.2010. The Excess of Assets over the
 Liabilities amounting Rs. 37,55,09,955/- transferred by the Company has
 been paid by Jaiprakash Agri Initiatives Company Limited.
 
 10 The Free-hold Land [Agricultural] purchased by the Company for Rs.
 2,96,407/- measuring 7 Bighas at Rangpuri, New Delhi had been notifed
 for acquisition U/s 4 & 6 of the Land Acquisition Act. The Company''s
 claim for compensation is pending settlement.
 
 11 [i] 108,37,00,000 Equity Shares of Rs. 10/- each fully paid up
 [Previous Year 127,80,09,900 Equity Shares] of Jaiprakash Power
 
 Ventures Limited [JPVL] [subsidiary company] are pledged as collateral
 security for the financial assistance granted by Lenders to JPVL for
 specific projects.  [ii] The Company has given letter of Comfort to
 ICICI Bank for Non Convertible Debentures amounting Rs. 1982.57 Crores
 issued by Jaiprakash Power Ventures Limited.
 
 12 27,75,00,000 Equity Shares of Rs. 10/- each fully paid-up [Previous
 Year 27,75,00,000 Equity Shares] of Jaypee Karcham Hydro Corporation
 Limited [JKHCL] [Subsidiary Company (merged with Jaiprakash Power
 Ventures Limited w.e.f. 01.04.2010)] are pledged with ITSL as
 collateral security for financial assistance granted by Lenders to
 JKHCL.
 
 13 The Company has pledged 36,78,00,000 Equity Shares of Rs. 10/- each
 fully paid-up [Previous Year 36,78,00,000 Equity Shares] of Jaypee
 Infratech Limited (JIL) (Subsidiary Company) with IDBI Trusteeship
 Services Limited (ITSL) (Trustee) and executed non disposal undertaking
 for further 25,74,60,000 Equity Shares [25,74,60,000 Equity Shares] of
 JIL held by the Company in favour of ITSL as collateral security for
 the financial assistance to JIL.
 
 14 6,02,25,900 Equity Shares of Rs. 10/- each fully paid-up of [Previous
 Year 6,01,80,000 Equity Shares] Himalyan Expressway Limited [HEL] held
 by the Company are pledged as collateral security for financial
 assistance granted by the Lenders to HEL.
 
 15 The Company has pledged 20,35,000 Equity Shares held in Jaypee DSC
 Ventures Limited to HUDCO as Security for Loans granted by Lenders to
 Jaypee DSC Ventures Limited.
 
 16 [i] Jaypee Infratech Limited has mortgaged 40 acres of Land in
 favour of IDBI Trusteeship Securities Limited for securing the
 
 Debentures of Rs. 900 crores issued by the Company to Standard Chartered
 Bank [Amount outstanding as on 31.03.2011 is Rs. 675 crores].  [ii]
 Jaypee Infratech Limited has provided a letter of Comfort to ICICI Bank
 UK Plc and ICICI Bank Canada for the financial assistance of GBP 34.84
 Million (equivalent to USD 50 Million) and CAD 61.625 Million
 (equivalent to USD 50 Million) respectively.
 
 17 Jaypee Infratech Limited [subsidiary company] had made Initial
 Public Offer in May, 2010. In the said IPO, the Company had offered for
 sale of 6,00,00,000 equity shares of Rs. 10/- each to public. The Company
 has earned a Profit of Rs. 513,16,07,875/- on sale of above said shares
 and has been credited to Profit and Loss Account.
 
 18 Other Liabilities shown under the head Current Liabilities &
 Provisions include Book Overdraft of Rs. 8,58,18,591/- [Previous Year Rs.
 75,42,31,350/-].
 
 20 Balances of some of the Debtors, Creditors, Loans & Advances are
 subject to reconciliation / confirmation from the respective parties.
 The Management does not expect any material difference affecting the
 Financial Statements for the year.
 
 24 [a] In compliance of Accounting Standard-2 [Revised], the Company
 has provided liability of Excise Duty amounting to Rs. 37,84,88,302/-
 [Previous Year Rs. 19,63,87,657/-] on the stocks of Finished Goods lying
 at Works. However, there is no impact on the Profit for the current
 year.
 
 [b] The Excise Duty of Rs. 25,90,17,459/- [Previous Year Rs.
 22,34,44,115/-] related to difference between Closing and Opening Stock
 has been debited in the Profit & Loss Account separately.
 
 29 The External Commercial Borrowings [ECBs] outstanding as on
 31.03.2011 of JPY 21136.05 million , USD 32.50 million, USD 18.21
 million, JPY 781.70 million, GBP 34.84 million and CAD 61.625 million
 are hedged in respect of coupon as well as repayment.  Hedging of JPY
 to USD in respect of JPY 781.70 million yet to be done.
 
 As on 31.03.2011, the Company has outstanding exposure of Euro 1.706
 Million against Foreign Currency Convertible Bonds [FCCB- II] [Previous
 Year Euro 4.206 Million] and USD 354.475 Million against Foreign
 Currency Convertible Bonds [FCCB-III] (Previous Year USD 354.475
 Million) unhedged pending conversion into Equity Share Capital.
 
 30 Related Parties disclosures, as required in terms of Accounting
 Standard [AS] 18 are given below:
 
 Relationships
 
 [a] Subsidiary Companies [including their subsidiaries]:
 
 [i] Jaiprakash Power Ventures Limited
 
 [ii] Jaypee Infratech Limited
 
 [iii] Himalyan Expressway Limited
 
 [iv] Jaypee Ganga Infrastructure Corporation Limited
 
 [v] Jaypee Sports International Limited
 
 [vi] Jaypee Agra Vikas Limited [w.e.f. 16.11.2009]
 
 [vii] Jaypee Cement Corporation Limited [w.e.f. 22.02.2011]
 
 [viii] Jaypee Fertilizers & Industries Limited [w.e.f. 03.06.2010]
 
 [ix] Sangam Power Generation Company Limited
 
 [w.e.f. 23.07.2009][subsidiary of Jaiprakash Power Ventures Limited]
 
 [x] Prayagraj Power Generation Company Limited
 
 [w.e.f. 23.07.2009][subsidiary of Jaiprakash Power Ventures Limited]
 
 [xi] Jaypee Meghalaya Power Limited [w.e.f. 26.08.2010] [subsidiary of
 Jaiprakash Power Ventures Limited]
 
 [xii] Jaypee Karcham Hydro Corporation Limited
 
 [xiii] Bina Power Supply Company Limited [subsidiary of Jaiprakash
 Power Ventures Limited]
 
 Subsidiary Companies at Sl.No.[xii] & [xiii] merged with Jaiprakash
 Power Ventures Limited w.e.f. 01.04.2010
 
 [b] Joint Venture Subsidiaries :
 
 [i] Bhilai Jaypee Cement Limited
 
 [ii] Bokaro Jaypee Cement Limited
 
 [iii] Gujarat Jaypee Cement and Infrastructure Limited
 
 [iv] Jaypee Powergrid Limited [Joint Venture Subsidiary Company of
 Jaiprakash Power Ventures Limited]
 
 [v] Jaypee Arunachal Power Limited [Joint Venture Subsidiary Company of
 Jaiprakash Power Ventures Limited]
 
 [vi] Madhya Pradesh Jaypee Minerals Limited [till 02.03.2011]
 
 [c] Associate Companies:
 
 [i] Jaypee Ventures Private Limited
 
 [ii] Jaypee Development Corporation Limited
 
 [iii] Jaiprakash Kashmir Energy Limited
 
 [iv] JIL Information Technology Limited
 
 [v] Gaur & Nagi Limited
 
 [vi] Indesign Enterprises Private Limited
 
 [vii] Sonebhadra Minerals Private Limited
 
 [viii] RPJ Minerals Private Limited
 
 [ix] Jaiprakash Agri Initiatives Company Limited
 
 [x] Tiger Hills Holiday Resort Private Limited
 
 [xi] Anvi Hotels Private Limited
 
 [xii] Sarveshwari Stone Products Private Limited
 
 [xiii] Rock Solid Cement Limited
 
 [xiv] MP Jaypee Coal Limited
 
 [xv] Jaypee International Logistics Company Private Limited
 
 [xvi] Jaypee Hotels Limited
 
 [xvii] Jaypee Mining Venture Private Limited
 
 [xviii] Jaypee Infra Ventures (A Private Company with unlimited
 liability)
 
 [xix] Indus Hotels UK Limited
 
 [xx] Ceekay Estates Private Limited
 
 [xxi] Jaiprakash Exports Private Limited
 
 [xxii] Bhumi Estate Developers Private Limited
 
 [xxiii] PAC Pharma Drugs and Chemicals Private Limited
 
 [xxiv] Jaypee Technical Consultants Private Limited
 
 [xxv] Jaypee Uttar Bharat Vikas Private Limited
 
 [xxvi] Kanpur Fertilizers & Cement Limited
 
 [xxvii] Madhya Pradesh Jaypee Minerals Limited [w.e.f. 03.03.2011]
 
 [xxviii] MP Jaypee Coal Fields Limited
 
 [xxix] GM Global Mineral Mining Private Limited
 
 [xxx] Ibonshourne Limited
 
 [xxxi] Vasujai Estates Private Limited
 
 [xxxii] Samsun Estates Private Limited
 
 [xxxiii] Sunvin Estates Private Limited
 
 [xxxiv] Manumanik Estates Private Limited
 
 [xxxv] Arman Estates Private Limited
 
 [xxxvi] Suneha Estates Private Limited
 
 [xxxvii] Pee Gee Estates Private Limited
 
 [xxxviii] Vinamra Housing & Constructions Private Limited
 
 Associate Companies at Sl.No.[xxxi] to [xxxviii] merged with Jaypee
 Ventures Private Limited w.e.f. 01.04.2009
 
 [d] Key Management Personnel:
 
 [i] Shri Manoj Gaur, Executive Chairman & C.E.O.
 
 [ii] Shri Sunil Kumar Sharma, Executive Vice Chairman
 
 [iii] Shri Sunny Gaur, Managing Director [Cement]
 
 [iv] Shri Pankaj Gaur, Joint Managing Director [Construction]
 
 [v] Shri Shyam Datt Nailwal, Director [Finance]
 
 [vi] Shri Ranvijay Singh, Whole time Director
 
 [vii] Shri Ravindra Kumar Singh, Whole time Director
 
 [viii] Shri Rahul Kumar, Whole time Director & C.F.O.
 
 [e] Relatives of Key Management Personnel, where transactions have
 taken place
 
 [i] Shri Gyan Prakash Gaur
 
 [ii] Shri Naveen Kumar Singh
 
 [iii] Smt Neha Goyal
 
 [iv] Shri Pawan Kumar Jain [till 31.03.2010]
 
 [v] Smt.Rekha Dixit [till 31.08.2009]
 
 [vi] Smt Manju Sharma [till 30.06.2009] Note: Related party
 relationships are as identified by the Company and relied upon by the
 Auditors.
 
 34 For the purpose of Regulation 3[e][i] of the Securities and Exchange
 Board of India [Substantial Acquisition of Shares and Takeovers]
 Regulations, 1997, the Group constitute Shri Jaiprakash Gaur, his
 associates and Companies as disclosed to Stock Exchanges from time to
 time which include Jaiprakash Associates Limited (JAL), its
 Subsidiaries given under Sl.No.30(a) & (b) above, its Associates given
 under Sl.No.30(c) above and Siddharth Utility Private Limited.
 
 35 Figures for the previous year have been regrouped/recast/rearranged
 wherever considered necessary to conform to this year''s classification.
 
 36 All the figures have been rounded off to the nearest lakh Rs. except in
 the Notes to the Account].