Dear Shareowners,
 
 The Directors present the 25th Annual Report together with the audited
 statement of accounts of the Company for financial year ended March 31,
 2011.
 
 Financial Results
 
 The standalone performance of the Company for the financial year ended
 March 31, 2011 is summarised below:
 
 Particulars             Financial Year ended    Financial Year ended
                         March 31, 2011               March 31, 2010#
 
                     (Rs. in crore)   (US$ in 
                                   million*)