1.  (a) Contingent Liabilities
 
 Performance Guarantees issued by Banks in favour of other parties: In
 Joint Ventures Rs 604.59 Lakh (Rs 918 Lakh)
 
 (b) Capital Commitments
 
 Estimated amount of contracts remaining unexecuted on Capital Account
 and not provided for: In Joint Ventures Rs Nil (Rs 3,600 Lakh).
 
 2.  (Note No. 9 of Schedule 14 of Financial Statements)
 
 The Company has been legally advised that the Company is considered to
 be established with the object of providing infrastructural facilities
 and accordingly, Section 372A of the Companies Act, 1956 is not
 applicable to the Company.
 
 3.  (Note No. 10 of Schedule 14 of Financial Statements)
 
 There are no Micro and Small Scale Business Enterprises, to whom the
 Company owes dues, which are outstanding for more than 45 days as at
 March 31, 2009. This information as required to be disclosed under the
 Micro, Small and Medium Enterprises Development Act, 2006 has been
 determined to the extent such parties have been identified on the basis
 of information available with the Company.
 
 4.  Employee Benefits
 
 (Note No. 11 of Schedule 14 of Financial Statements)
 
 The Company follows Accounting Standard 15(revised 2005) Employee
 Benefits as prescribed under the Companies (Accounting Standards)
 Rules, 2006. The Company has classified various employee benefits as
 under:
 
 (A) Defined contribution plans
 
 a.  Provident fund
 
 b.  Superannuation fund
 
 c.  State defined contribution plans
 
 - Employers Contribution to Employees State Insurance
 
 - Employers Contribution to Employees Pension Scheme 1995
 
 The provident fund and the state defined contribution plan are operated
 by the Regional Provident Fund Commissioner and the superannuation fund
 is administered by the Trustees of the Life Insurance Corporation of
 India. Under the schemes, the Company is required to contribute a
 specified percentage of payroll cost to the retirement benefit schemes
 to fund the benefits. These funds are recognized by the Income tax
 authorities. The Company has recognised the following amounts in the
 Profit and Loss Account for the year:
 
 5. Interest in Joint Venture Operations
 
 (Note No. 16 of Schedule 14 of Financial Statements)
 
 The Company along with Geopetrol International Inc. and Reliance
 Infrastructure Limited (the consortium) has been allotted four Coal bed
 Methane (CBM) blocks from Ministry of Petroleum & Natural Gas (Mo PNG)
 covering an acreage of 3,266 Sq kms in the States of Madhya Pradesh,
 Andhra Pradesh and Rajasthan. The consortium has entered into a
 production sharing agreement with Government of India for exploration
 and production of these four CBM blocks. The Company is a non-operator
 and has 45% share in each of the four blocks.
 
 6. (Note No. 17 of Schedule 14 of Financial Statements)
 
 The Company was formed pursuant to the demerger of Coal-based /
 Gas-based energy undertaking of Reliance Industries Limited (RIL). All
 the properties, investments, assets and liabilities relatable to Gas
 based energy undertaking of RIL were transferred and vested into the
 Company on a going concern basis. In consideration of the demerger, the
 Company allotted 122,31,30,422 shares of Rs 5 amounting to share
 capital of Rs 611,56,52,110 as share capital. The deficit of net assets
 over the amount of share capital issued has been treated as Goodwill.
 The Companys primary business following the demerger, was to source
 natural gas from RIL and supply such gas to the gas-based power
 generation and other projects of the affiliated companies of the
 Reliance ADA Group and in particular the power plants of Reliance
 Infrastructure Limited.  The Company has entered into Gas supply Master
 Agreement dated 12th January, 2006 with RIL. Based on the terms of this
 agreement, the carrying amount of Goodwill has been tested for
 impairment as at the balance sheet date, which does not warrant any
 provision for impairment loss.
 
 7.  (Note 18 of Schedule 14 of Financial Statements)
 
 The Company operates in only one segment, namely, Fuel Handling and
 related services hence there are no reportable segments under
 Accounting Standard 17 Segment Reporting as prescribed under the
 Companies (Accounting Standards) Rules, 2006.
 
 8.  (Note 19 of Schedule 14 of Financial Statements)
 
 Figures for the previous year are regrouped/reclassified/rearranged
 wherever necessary to make them comparable to those for the current
 year. Figures in bracket indicate previous year figures.