1 Nature of operations
 
 KSK Energy Ventures Limited (KSKEVL'' or the Company), was
 incorporated on February 14, 2001 and is primarily engaged in the
 development of private sector power projects, currently predominantly
 through subsidiaries and jointly controlled entities with multiple
 industrial consumers in India with next level of growth coming through
 large base load power plant subsidiaries. KSKEVL focused its strategy
 on the private sector power development market, undertaking entire
 gamut of development, investment, construction of power plant with
 supplies initially to heavy industrials operating in India and now
 branching out to cater to the needs of utilities and others in the
 wider Indian power sector.
 
 1) Details of security provided for various credit facilities
 
 a Secured by way of hypothecation on movable properties of the Company
 and pledge of certain equity shares of the Company held by KSK Energy
 Limited, holding Company.
 
 b Secured by first pari-passu charge on fixed assets, current assets of
 the Company and corporate guarantee of KSK Power Ventur pic.
 
 c Secured by pledge of deposits.
 
 a.  The Company has a defined benefit gratuity plan. Every employee who
 has completed five years or more of service gets a gratuity on
 departure at 15 days salary (last drawn salary) for each completed year
 of service. The scheme is funded with an insurance company in the form
 of a qualifying insurance policy.
 
 Discount rate: The discount rate is based on the prevailing market
 yields of Indian government securities as at Balance Sheet date for the
 estimated term of the obligations
 
 Expected rate of return on planned assets: This is based on the
 expectation of the average long term rate of return expected on
 investments of the fund during the estimated term of the obligations.
 
 2 Contingent liabilities and commitments a Contingent liabilities
 
                                                        As at
                                             31 March 2012  31 March 2011
 
 (I) Bank guarantees and letter of
 credits outstanding                             3,493.73      3,837.54
 
 (ii) Corporate guarantees outstanding           8,223.03     10,719.50
 
 (iii) Service tax department has issued demand order for payment of
 service tax amounting to Rs 505.64 (including penalty) relating to the
 disagreement on availment of Cenvat Credit for the period April 2008 to
 September 2010 and non -payment of service tax. However, the Company
 believes that the claims raised by the department are not tenable and
 the Company has filed an appeal against the said order before the
 CESTAT.
 
 b Estimated value of the contracts to be executed on capital and other
 account and not provided for:
 
                                                         As at
 
                                            31 March 2012   31 March 2011
 
 (i) Capital Commitments                         0.74           2.78
 
 (ii) Other commitment:
 
 The Company has entered into an arrangement for buying out an
 additional stake in KSK Mahanadi Power Company Limited (a subsidiary).
 The commitment pending under the arrangement as at 31 March 2012 is Rs.
 3,904.55.  (31 March 2011:Rs 4,150.13).
 
 3 Operating leases
 
 The Company has entered in to certain operating lease agreements. An
 amount of Rs 11.66 (31 March 2011: Rs. 15.76) paid under such
 agreements has been disclosed as Rent under other expenses in the
 Profit and loss statement.
 
 The schedule of future minimum rental payments in respect of
 non-cancellable operating leases is setout below:
 
 4 Segment Reporting
 
 The Segment report has been prepared in accordance with the Accounting
 Standard 17 Segment Reporting. There is only one reportable
 geographical segment as all the business and operations of the Company
 are carried out in India.
 
 For the purpose of business segments, the Company is engaged in two
 segments, viz., Project development and power generation.
 
 1) Equity held In subsidiaries and step down subsidiary have been
 disclosed under Investment, (see note no 11).
 
 g) The Company has provided securities by way of pledge of investments
 for loans taken by subsidiaries (see note no 11).
 
 h) The holding company has pledged certain shares held in the Company
 as security towards the borrowings of the Company.
 
 i) Corporate guarantees of Rs.17,098.00 (31 March 2011 Rs.38,120.00),
 Bank guarantees of Rs.4,809.08 (31 March 2011 Rs.3,562.16) and Letter
 of credit limits of Rs.1,338.85 (31 March 2011 Rs.457.98) has been
 given by the Company on behalf of subsidiaries and fellow subsidiaries.
 
 j) Corporate guarantees of Rs.11,255.00 (31 March 2011 Rs.11,555.00)
 has been given by step-up holding Company on behalf of the Company.
 
 5 During the year ended 31 March 2012, pursuant to the Shareholders
 and Board of Directors approval, the Company has sold its 26 windmills
 assets aggregating to 31.80 MW situated in the state of Tamilnadu to
 its subsidiary, KSK Wind Energy Private Limited for a total
 consideration of Rs. 883.70 million and incurred a loss of Rs.291.93
 million and the same is disclosed as exceptional item in accordance
 with AS-5 Net Profit or Loss for the Period, Prior Period Items and
 Changes in Accounting Policies. The following statement shows the
 revenue and expenses of discontinuing operations.
 
 6 During the year ended 31 March 2012, Company has sold Investment in
 Sai Maithili Power Company Private Limited for a total consideration of
 Rs. 3.50.
 
 7 Pursuant to completion of open offer during the year, shareholdings
 of the promoters and promoter group have gone up from 54.94% to 74.94%.
 
 8 In the opinion of the Board of Directors, sundry debtors, loans and
 advances as at 31 March 2012 stated would be realized in the ordinary
 course of the Company''s business are expected to produce at least the
 amount at which they are stated in the Balance Sheet.
 
 9 Previous year figures have been regrouped / reclassified to conform
 to the classification of the current year.