1. Basis of preparation of financial statements
 
 The financial statements are prepared and presented under the
 historical cost convention, on the accrual basis of accounting except
 for certain derivative instruments which are measured at fair value in
 accordance with generally accepted accounting principles in India
 (Indian GAAP) and comply in all material respects with the accounting
 standards notified in the Companies (Accounting Standards) Rules 2006,
 (as amended) issued by the Central Government, in consultation with
 National Advisory Committee on Accounting Standards (''NACAS'') and
 relevant provisions of the Companies Act, 1956 (''the Act'') read with
 General Circular 08/2014 dated 04 April 2014 issued by Ministry of
 Corporate Affairs.
 
 The accounting policies adopted in the preparation of financial
 statements are consistent with those of previous year.
 
 a) Shares held by holding company and subsidiary of holding company:
 
 255,351,805 (2013: 255,351,805) Equity shares of Rs. 2 each, fully
 paid-up, are held by the Holding Company, Siemens AG, Germany;
 11,738,108 (2013: 11,738,108) Equity shares of Rs. 2 each, fully
 paid-up, are held by Siemens VAI Metals Technolo- gies GmbH, a 100%
 subsidiary of Siemens AG, Germany.
 
 Notes to the financial statements (Continued) as at 30 September 2014
 (Currency: Indian rupees millions)
 
 b) Terms / rights attached to equity shares
 
 The Company has only one class of equity shares having a par value of
 Rs. 2 per share. Each holder of equity shares is entitled to one vote
 per share. The Company declares and pays dividends in Indian rupees.
 
 During the year ended 30 September 2014, the amount of per share
 dividend recognised for distribution to equity shareholders is Rs. 6
 (2013: Rs. 5)
 
 In the event of liquidation of the Company, the holder of equity shares
 will be entitled to receive remaining assets of the Company, after
 distribution of all preferential amounts (if any). The distribution
 will be in proportion to the number of equity shares held by the
 shareholders.
 
 2 Commitments and contingent liabilities
 
 (a) Commitments                                        2014      2013
 
 Estimated amount of contracts remaining 
 to be executed on capital account
 and not provided for (net of advances)                  629       682
 
 (b)  Contingent liabilities
 
 Income tax (excluding interest)                         170       201
 
 Excise / sales tax liabilities, under dispute         3,464     1,945
 
 Customs liabilities, under dispute                      120       120
 
 Claims against the company not acknowledged as debts    537       105
 
 In respect of above contingent liabilities, the future cash outflows
 are determinable only on receipt of judgements pending at various
 forums / authorities.
 
 3 Disclosure relating to Provisions Provision for warranty
 
 Warranty costs are provided based on a technical estimate of the costs
 required to be incurred for repairs, replacement, material cost,
 servicing and past experience in respect of warranty costs. It is
 expected that this expenditure will be incurred over the contractual
 warranty period.
 
 Provision for liquidated damages
 
 Liquidated damages are provided based on contractual terms when the
 delivery/ commissioning dates of an individual project have exceeded or
 are likely to exceed the delivery/ commissioning dates as per the
 respective contracts. This expenditure is expected to be incurred over
 the respective contractual terms upto closure of the contract
 (including warranty period).
 
 Provision for loss orders
 
 A provision for expected loss on construction contracts is recognised
 when it is probable that the contract costs will exceed total contract
 revenue. For all other contracts loss order provisions are made when
 the unavoidable costs of meeting the obligation under the contract
 exceed the currently estimated economic benefits.
 
 Provision for other matters
 
 The Company has made provisions for known contractual risks, litigation
 cases and pending assessments in respect of taxes, duties and other
 levies, the outflow of which would depend on the cessation of the
 respective events.
 
 Lease rent debited to the statement of profit and loss Rs. 790 (2013:
 Rs. 965) Sub-lease payments recognised in the statement of profit and
 loss Rs.  51 (2013: Rs. 74)
 
 There is no contingent rent recognised in the statement of profit and
 loss General description of the leasing arrangement:
 
 (i) The Company has entered into operating lease arrangements for its
 office premises, storage locations, machinery, residential premises and
 motor cars for its employees.
 
 (ii) The future lease rental payments are determined on the basis of
 the monthly lease payment terms as per the agreements.
 
 (iii) At the expiry of the non cancellable lease period the option of
 renewal rests with the Company.
 
 (iv) Some of the lease agreements have escalation clause ranging from
 5% to 15%. There are no exceptional / restrictive covenants in the
 lease agreements.
 
 4. (iii) Other disclosures :
 
 * Inter-segment prices are normally negotiated amongst the segments
 with reference to the costs, market price and business risks.
 
 * Profits / losses on inter segment transfers are eliminated at the
 Company level.
 
 * During the year, there has been a reorganisation of certain
 businesses across segments and accordingly, the figures in relation to
 Industry, Infrastructure and Cities and unallocable for the previous
 year have been regrouped to make them comparable.
 
 (iv) Segment information :
 
 The primary and secondary reportable segments are business segments and
 geographical segments respectively.
 
 Business Segments: The business of the Company is divided into five
 segments. These segments are the basis for management control and
 hence, form the basis for reporting. The business of each segment
 comprises of :
 
 * Infrastructure and Cities:- Provides Electrical Installation
 Technologies, i.e. Products for Building, e.g.  Miniature Circuit
 breakers, Distribution boards, Residual Current Circuit Breakers etc.
 It also provides solutions for rail automation, railway
 electrification, light and heavy rail, locomotives, trains, turnkey
 projects and integrated services. Also provides solutions for the
 automation of power grids to products like medium- voltage switchgear
 and components.
 
 * Energy:- Offers highly efficient products and solutions for power
 generation based on fossil fuels. It ranges from individual gas and
 steam turbines and generators, to turnkey power plants. Also offers
 customers products and solutions used for the extraction, conversion
 and transport of oil and gas. Also provides solutions for power
 generation and distribution including products and solutions in the
 high-voltage field - such as High Voltage Direct Current (HVDC)
 transmission systems, substations, switchgear and transformers.
 
 * Industry:- Provides complete range of automation products & systems,
 industrial automation systems & low- voltage Switchgears, complete
 range of large and standard drives and motors, special purpose motors,
 process and motion control systems. Also undertakes turnkey projects in
 the industrial and infrastructure sectors over the entire life cycle
 including concept, engineering, procurement, supplies, installation,
 commissioning and after sales services.
 
 * Healthcare:- Provides diagnostic, therapeutic and life-saving
 products in computer tomography (CT), magnetic resonance imaging (MRI),
 ultrasonography, nuclear medicine, digital angiography, patient
 monitoring systems, digital radiography systems, radiology networking
 systems, lithotripsy and linear accelerators.
 
 * Others:- Services provided to other group companies and lease rentals
 have been classified as Others.
 
 Geographical Segments: The business is organised in two geographical
 segments i.e. within India and outside India.
 
 Allocation of common costs
 
 Common allocable costs are allocated to each segment according to the
 relative contribution of each segment to the total common costs.
 
 Unallocated items
 
 Unallocated items include general corporate income and expense items
 which are not allocated to any business segment.
 
 5. Disclosure pursuant to Accounting Standard - 15 ''Employee Benefits''
 :
 
 (i) Defined Contribution Plans
 
 Amount of Rs. 240 (2013: Rs. 240) is recognised as an expense and
 included in employee benefits expense (Refer note 22) in the
 statement of profit and loss.
 
 6. Disclosure pursuant to Accounting Standard - 15 ''Employee Benefits''
 (Continued)
 
 a) The fund formed by the Company manages the investments of the
 Gratuity Fund. Expected rate of return on investments is determined
 based on the assessment made by the Company at the beginning of the
 year on the return expected on its existing portfolio, along with the
 estimated incremental investments to be made during the year. Yield on
 portfolio is calculated based on a suitable mark-up over the benchmark
 Government securities of similar maturities. The Company expects to
 contribute Rs. 150 (2013: Rs. 150) to gratuity fund in 2014-15.
 
 b) The estimates of future salary increases, considered in actuarial
 valuation, take in to account inflation, seniority, promotion and other
 relevant factors, such as supply and demand in the employment market.
 
 c) The Company has contributed Rs. 457 (2013: Rs. 449) towards
 provident fund during the year ended 30 September 2014. The Guidance on
 Implementing AS 15, Employee Benefits (Revised 2005) issued by
 Accounting Standard Board (ASB) states that benefits involving employer
 established provident funds, which require interest shortfalls to be
 recompensed are to be considered as defined benefit plans. The Actuary
 has accordingly provided a valuation and based on the assumptions
 provided below there is a shortfall as at 30 September 2014.
 
 (iii) General descriptions of significant defined plans
 
 I Gratuity
 
 Gratuity is payable to all eligible employees of the Company on
 superannuation, death and permanent disablement, in terms of the
 provisions of the Payment of Gratuity Act, 1972 or as per the Company''s
 Scheme whichever is more beneficial.
 
 II Medical
 
 Post-Retirement Medical Benefit is paid to eligible employees in case
 of survival upto the retirement age and after death, benefits are
 available to the employee''s spouse. The Company reimburses the
 employees for expenses incurred over and above the claim accepted by
 the insurance company. The Company pays 80% of difference between
 liability incurred by employee and claim received from insurance
 company subject to ceiling based on the grade of employees.
 
 7. Derivative Instruments a) Forward Contracts
 
 The Company uses forward contracts to mitigate its risks associated
 with foreign currency fluctuations having underlying transaction and
 relating to firm commitments or highly probable forecast transactions.
 The Company does not enter into any forward contract which is intended
 for trading or speculative purposes.
 
 The forward contracts have been converted in Indian rupees, at the spot
 rates, as at 30 September to facilitate reading purposes only.
 
 The Company has a policy of hedging its foreign currency exposure on a
 net basis.
 
 * denotes figures less than a million
 
 8. Discontinuing operations
 
 The Board of Directors and the Committee of Directors at their meetings
 held on 05 November 2014 and 08 November 2014 respectively, considered
 and approved a proposal to sell and transfer the Metals Technologies
 business, forming part of the Industry segment of the Company to a
 subsidiary (which is being incorporated) of Siemens VAI Metals
 Technologies GmbH, Germany for a consideration of Rs. 10,233 with
 effect from the close of business hours on 31 December 2014, subject to
 the approval of shareholders by requisite majority.
 
 9. Proposed acquisition
 
 The Board of Directors at its meeting held on 30 January 2014, had
 approved the acquisition of 100% Equity stake in Siemens Rail
 Automation Pvt. Ltd. (SRAPL) from Siemens International Holding BV,
 Netherlands (99.99%) and Siemens AG (0.01%) for a sum of Rs. 550.
 Subsequent to the year end, the Company has acquired SRAPL which
 accordingly has become a subsidiary of the Company effective from 01
 October 2014.
 
 10. Prior year comparatives
 
 Previous year''s figures have been regrouped / reclassified wherever
 necessary, to conform to current year''s classification.