1 Segment Reporting :
 
 Segment information has been presented in the Consolidated Financial
 Statements as permitted by Accounting Standards (AS-17) on Segment
 Reporting as notified under the Companies (Accounting Standards) Rules,
 2006.
 
 2 Related Party Disclosure :
 
 (a) Related Parties and their relationship
 
 Subsidiaries Direct
 
 Homefield International Pvt. Limited,
 
 Mauritius
 
 Wyoming 1 (Mauritius) Pvt. Ltd.,
 
 Mauritius
 
 Bio Energy Venture - 1 ( Mauritius) Pvt. Ltd.,
 
 Mauritius
 
 Rallis India Limited, India
 
 Joint Ventures Direct
 
 Indo Maroc Phosphore S. A.,
 
 Morocco
 
 Khet-Se Agri Produce India
 
 Pvt. Ltd., India
 
 Key Management Personnel
 
 Mr. R. Mukundan, Managing Director
 
 Mr. P. K. Ghose, Executive Director & CFO
 
 Mr. Kapil Mehan (upto 31August, 2010), Executive Director
 
 Indirect
 
 Tata Chemicals Asia Pacific Pte. Limited,
 
 Singapore
 
 Homefield Pvt. UK Limited, United Kingdom
 
 Homefield 2 UK Limited, United Kingdom
 
 Tata Chemicals (Europe) Holding Limited*,
 
 United Kingdom
 
 Brunner Mond Group Limited,
 
 Brunner Mond (UK) Limited,
 
 United Kingdom
 
 Brunner Mond Limited, United Kingdom
 
 The Magadi Soda Company Limited,
 
 United Kingdom
 
 Brunner Mond (South Africa) (Pty) Limited,
 
 South Africa
 
 Northwich Resource Management Limited,
 
 United Kingdom
 
 Brunner Mond Generation Company Limited,
 
 United Kingdom
 
 Tata Chemicals Africa Holdings Limited**,
 
 United Kingdom
 
 Magadi Railway Company Limited, Kenya
 
 Brunner Mond B.V., Netherlands
 
 Wyoming 2 (Mauritius) Pvt. Limited,
 
 Mauritius
 
 Gusiute Holdings (UK) Limited,
 
 United Kingdom
 
 Valley Holdings Inc., United States of America
 
 General Chemical Industrial Products Inc.,
 
 United States of America
 
 General Chemical International Inc.,
 
 United States of America
 
 NHO Canada Holdings Inc.,
 
 United States of America
 
 General Chemical (Soda Ash) Inc.,
 
 United States of America
 
 Bayberry Management Corporation,
 
 United States of America
 
 Alcad, United State of America
 
 Kemex B.V., Netherlands
 
 JOil (S) Pte. Ltd, Singapore
 
 The Block Salt Company Limited #, United Kingdom
 
 Lake Natron Resources Limited, Tanzania (upto 15th December,
 
 United Kingdom 2009)
 
 Indirect
 
 General Chemicals (Soda Ash) Partners,
 
 United States of America
 
 General Chemical (Great Britain) Limited,
 
 United Kingdom
 
 General Chemical Canada Holding Inc.,
 
 Canada
 
 GCSAP Canada Inc, Canada
 
 GCSAP Holdings, United States of America
 
 GCSAP LLC, United States of America
 
 Bio Energy Venture - 2 ( Mauritius) Pvt. Ltd.,
 
 Mauritius
 
 Grown Energy Zambeze Holdings Pvt. Ltd.,
 
 Mauritius
 
 Grown Energy (Proprietary) Limited*,
 
 South Africa
 
 Grown Energy Zambeze Limitada*,
 
 Mozambique
 
 Rallis Australasia Pty Limited***, Australia
 
 Rallis Chemistry Exports Limited, India
 
 Metahelix Life Sciences Ltd*, India
 
 Dhaanya Seeds Ltd*, India
 
 British Salt Limited*, United Kingdom
 
 Cheshire Salt Holdings Limited*,
 
 United Kingdom
 
 Cheshire Salt Limited*, United Kingdom
 
 Brinefield Storage Limited*, United Kingdom
 
 Broomco (4118) Limited*, United Kingdom
 
 Broomco (4119) Limited*, United Kingdom
 
 Broomco (4120) Limited*, United Kingdom
 
 Cheshire Cavity Storage 2 Limited*,
 
 United Kingdom
 
 Cheshire Compressor Limited*, United Kingdom
 
 Irish Feeds Limited*, United Kingdom
 
 New Cheshire Salt Works Limited*,
 
 United Kingdom
 
 *Companies which became subsidiaries / incorporated during the year.
 
 **Name of Transcontinental Holdings Limited changed to this name w.e.f.
 December 12, 2010.
 
 *** Has applied for voluntary liquidation as on 31st March, 2011. The
 Company expects to recover amount higher than the
 
 carrying value of the investment.
 
 # Joint Venture arising out of acquitions during the year.
 
 3 Employee Benefit Obligations :
 
 (a) The Company makes contribution towards provident fund, a defined
 benefit retirement plan and towards pension, superannuation fund, a
 defined contribution retirement plan for qualifying employees. The
 provident fund is administered by the Trustees of the Tata Chemicals
 Limited Provident Fund and the superannuation fund is administered by
 the Trustees of the Tata Chemicals Limited Superannuation Fund. Under
 the schemes, the Company is required to contribute a specified
 percentage of salary to the retirement benefit schemes to fund the
 benefit.
 
 On account of Defined Contribution Plans, a sum of 7 4.67 crores
 (previous year Rs. 5.19 crores) has been charged to the Profit and Loss
 Account. On account of Provident Fund contribution, a sum of Rs. 5.51
 crores (previous year Rs. 4.95 crores) has been charged to Profit and
 Loss Account.
 
 (b) The Company makes annual contributions to the Tata Chemicals
 Employees Gratuity Trust and to the Employees Group Gratuity-cum-Life
 Assurance Scheme of the Life Insurance Corporation of India, both are
 funded defined benefit plans for qualifying employees. The scheme
 provides for lump sum payment to vested employees at retirement, death
 while in employment or on termination of employment as per the
 Companys Gratuity Scheme.  Vesting occurs upon completion of five
 years of service.
 
 The Company is also providing post retirement medical benefits to
 qualifying employees. Similarly, the Company provides pension, housing
 / house rent allowance and medical benefits to retired Managing and
 Executive Directors.
 
 The most recent actuarial valuations of plan assets and the present
 values of the defined benefit obligations were carried out at 31 March,
 2011. The present value of the defined benefit obligations and the
 related current service cost and past service cost, were measured using
 the Projected Unit Credit Method.
 
 The following tables set out the funded status and amounts recognised
 in the Companys financial statements as at 31 March, 2011 for the
 Defined Benefits Plans other than Provident Fund. According to the
 Management, in consultation with the actuary, actuarial valuation
 cannot be applied to reliably measure provident fund liabilities in the
 absence of guidance from the Actuarial Society of India.
 
 (a) Discount rate is based on the prevailing market yields of Indian
 Government securities as at the Balance Sheet date for the estimated
 term of the obligations.
 
 (b) Expected rate of return on plan assets is based on the average long
 term rate of return expected on investments of the Fund during the
 estimated term of the obligations.
 
 (c) The estimates of future salary increases, considered in actuarial
 valuation, take into account the inflation, seniority, promotion and
 other relevant factors.
 
 (d) The figure in light print are for previous year.
 
 (viii) The details of the Companys post-retirement and other benefit
 plans for its employees are given above, which are certified by the
 actuary and relied upon by the Auditors.
 
 4. During the year 2009-10, the Company got notices for conversion of
 USD 42.756 million FCCBs into ordinary shares at a conversion price of
 Rs. 230.78 per ordinary share at a fixed exchange rate of Rs. 43.65 = USD1.
 Pursuant to this, the Company had issued 80,86,912 Ordinary share of
 Face Value Rs. 10 in the year 2009-10.
 
 5 Derivative Instruments :
 
 (a) As on 31st March, the Company has the following derivative
 instruments outstanding:
 
 (i) Forward currency exchange contracts USD-INR amounting to USD 24.67
 million ( previous year USD Nil) for the purpose of hedging its
 exposures to foreign currency loans
 
 (ii) Forward currency exchange contracts USD- INR amounting to USD
 112.49 million (previous year USD 87.41 million) for the purpose of
 hedging its exposures to foreign currency acceptances
 
 (iii) Accounts payable USD Nil, CHF Nil & EUR Nil (previous year USD
 2.89 million, CHF 0.19 million & EUR 0.19 million)
 
 (iv) Forward currency exchange contracts USD-INR 58.16 million, EUR-INR
 2.6 million & EUR-USD 0.45 million (previous year USD Nil) for the
 purpose of hedging highly probable forcast transactions.
 
 (v) Currency options contracts USD- INR amounting to USD 78 million
 (previous year USD 26 million) with an intent to hedge its exposures to
 foreign currency loans
 
 (vi) Full Currency Swap to hedge against fluctuations in exchange rates
 USD 76 million (previous year Notional principal USD 76 million)
 
 (vii) Cross Currency Swap to hedge against fluctuations in exchange
 rates and Interest rates USD 475 million (previous year Notional
 principal USD 475 million)
 
 (viii) Long Term Forward Contract USD-INR 71 million (previous year
 USD-INR 35 million) to hedge against fluctuation in exchange rates for
 the purpose of hedging its exposure to foreign currency long term loans
 
 (b) The year end foreign currency exposures that have not been hedged
 by a derivative instrument or otherwise are as under:
 
 (i) Export receivables USD 1.7 million (previous year USD 4.41 million
 )
 
 (ii) Acceptances USD NIL million (previous year USD 8.78 million)
 
 (iii) Accounts payable USD 10.51 million (previous year USD 28.59
 million)
 
 (iv) Liability arising out of cross currency swap USD 275 million
 (previous year USD 382 million).
 
 6 (a) Estimated amount of contracts remaining to be executed on
 capital account and not provided for Rs. 141.87 crores (previous year Rs.
 56.15 crores).
 
 (b) Capital commitment towards investment in joint ventures Rs. 72 crores
 (previous year Rs. 85.44 crores).
 
 7 Contingent Liabilities :
 
 (a) Guarantees:
 
 (i) Bank Guarantees issued by Banks on behalf of the Company Rs. 193.96
 crores (previous year 5 91.85 crores).  These are covered by the charge
 created in favour of the Companys bankers by way of hypothecation of
 stocks and debtors.
 
 (ii) Guarantees provided to third parties on behalf of subsidiaries USD
 138.30 million (Rs. 616.75 crores) (previous year USD 136.80 million (Rs.
 614.23 crores))
 
 (c) The lease deposit of Rs. 25 crores (previous year Rs. 25 crores) for
 plant and machinery remaining with the lessors is provided over the
 useful life of the asset and consequently a net amount of Rs. 2.17 crores
 (previous year Rs. 2.17 crores ) has been charged to the Profit and Loss
 Account on the principle of matching of revenue and costs.
 
 (d) General description of significant leasing arrangements :
 
 The payments made by the Company as lessee in accordance with
 operational leasing contracts or rental agreements are expensed
 proportionally during the lease or rental period respectively. The
 Company has entered into operating lease arrangement for storage tank
 from a vendor. Till previous year the lease arrangement also included
 power plants.
 
 8 (a) Provision for compensation under Employee Separation Scheme
 (ESS) has been calculated on the basis of the net present value of the
 future monthly payments of pension.
 
 (b) An amount of (Rs. 0.56 crore) (previous year Rs. 0.27 crore) is payable
 under the scheme within one year.
 
 9 Remittances in foreign currencies for Dividends :
 
 The Company has remitted during the year Rs. 29.85 crores (previous year
 Rs. 21.80 crores) in foreign currencies on account of dividends and does
 not have information as to the extent to which other remittances, if
 any, in foreign currencies on account of dividends have been made by /
 on behalf of non-resident shareholders.
 
 10 Sales includes subsidy income of Rs. 2,376.73 crores (previous year Rs.
 2,059.69 crores)
 
 11 During the year ended 31st March 2009 the Company had exercised the
 option granted vide notification F.No.17/33/ 2008/CL-V dated March 31,
 2009 issued by the Ministry of Corporate Affairs and accordingly, the
 exchange differences arising on revaluation of long term foreign
 currency monetary items for the year ended 31st March, 2008, 2009 and
 2010 have been recognised over the shorter of the maturity period of
 the loan or 31st March, 2011. The unamortised balance as at the Balance
 Sheet date of Rs. Nil (net of tax) (previous year Rs. 7.89 crores) is
 presented as Foreign Currency Monetary item Translation Difference
 Account (FCMTDA).
 
 12 Insurance claim
 
 (a) Insurance claim includes Rs. 36.09 crores towards estimated loss of
 profit for the year ended 31st March, 2011 pertaining to Companys
 Fertilizer Plant at Babrala (on account of temporary disruption due to
 fault in Synthesis Converter in the ammonia plant upto 31st August,
 2010).
 
 (b) The devastating rain fall coupled with cyclonic wind in the months
 of July & August 2010 in and around Mithapur plant, the stocks of salt,
 Soda Ash and also the salt works were damaged due to flooding of water.
 The Company has adequate coverage towards cost of damaged property and
 stock. The work for the restoration of property is in progress and
 Insurance claims for both the damages have been lodged. The claim for
 loss of stocks Rs. 2.04 crores has been recognized in the books, based on
 the estimates.
 
 13 Based on approval of the members of the Company, in August 2010, the
 Company has issued 1,15,00,000 equity shares on a preferential basis to
 Tata Sons Limited (the promoter entity).
 
 14 Asterisk (*) denotes figures below Rs. 50,000.
 
 15 Previous years figures have been regrouped / reclassified wherever
 necessary to make them comparable with the current years figures.