1.  Contingent Liabilities not provided for in respect of :
 
 Corporate Guarantee issued for loans obtained by a subsidiary company
 Rs. 5,090.91 Lakhs (Previous Year Rs. 8,000.00 Lakhs)
 
 2.  Materials and Stores purchased during the year include Stores Rs.
 2,055.86 Lakhs (Previous Year Rs.1,317.48 Lakhs).  The consumption of
 such materials included in outlay and contract work-in-progress have
 been taken by the Auditors as certified.
 
 3.  Interest paid includes Rs. 308.59 Lakhs (Previous Year Rs.135.61
 Lakhs) on Debentures.
 
 4.  Interest paid includes Rs.1,083.22 Lakhs (Previous Year Rs. 836.17
 Lakhs) on Term Loans.
 
 i) Term Loan from DBS Bank Ltd. is secured by way of first charge on
 the fixed assets and current assets of the Energy (Power) Division of
 the Company ranking pari-pasu with other lenders.
 
 ii) Term loan from IndusInd Bank Limited is secured by way of equitable
 mortgage of land and hypothecation of fixed assets and current assets
 of Energy (Power) Division, ranking pari-pasu with other lenders.
 
 iii) FCNR Loan from Citi Bank is secured against hypothecation of
 Components, Raw-Materials, Work-in-Progress, Plant & Machinery, Book
 Debts ranking pari-pasu with other borrowings and personal guarantee of
 the Managing Director of the Company.
 
 b) 500 Nos of 7.5 percent Non Convertible Debentures are secured by way
 of mortgage and creation of charge in favour of the trustees (IDBI
 Trusteeship Services Ltd) on the immovable properties and movable
 properties of Simran Wind Project Private Ltd., a wholly owned
 subsidiary company and a non-disposal undertaking executed in favour of
 the trustees on a pari-pasu basis with debenture-holders of Simran Wind
 Project Private Limited
 
 The Debentures are redeemable at par in 11 equal quarterly instalments
 commencing from May 20, 2010 and the last date of payment is 20th
 November 2012
 
 d) The Company also enjoys overdraft facilities with Scheduled Banks
 against hypothecation of Components, Raw-Materials, Work-in-Progress,
 Plant & Machinery, Book Debts ranking pari-pasu with other borrowings
 and personal guarantee of the Managing Director of the Company.
 
 5.  a) Unsecured Loan from a Bank amounting to Rs. 5,000.00 Lakhs is
 guaranteed by personal Guarantee of the Managing Director of the
 Company.
 
 b) Other unsecured Loans of Rs. 7,500.00 Lakhs are obtained by issue of
 Commercial Papers.
 
 6 a.  Fixed Deposit Receipts of Rs. 740.79 Lakhs (previous Year Rs.
 644.16 Lakhs) are lodged with the Bankers of the Company as Margin
 against Bank Guarantees Issued / to be issued in favour of the Company.
 
 b.  Fixed deposit receipts amounting to Rs. 29.65 Lakhs (previous Year
 Rs. 28.29 Lakhs)are lodged with a client / Sales Tax authorities as
 Security / Registration Deposits.
 
 7. In the opinion of the management, diminutions in the value of
 certain Investments Rs.14.96 (Previous Year Rs.16.53 Lakhs) are
 temporary in nature and hence no provision has been made for the same.
 
 8. a) Advances include Share Application Money of Rs. 4,900.00 Lakhs
 (Previous Year Nil) paid to subsidiary Company.
 
 b) Loans and Advances include Loan of Rs. 3.50 Lakhs (Previous Year
 Nil) due from a subsidiary Company.  Maximum amount due at any time
 during the year was Rs. 750.00 Lakhs (Previous Year Nil)
 
 c) Advances include Rs. 0.21 Lakhs (previous year Nil) receivable from
 subsidiary Company. Maximum amount due at any time during the year was
 Rs. 600.00 Lakhs (Previous Year Nil)
 
 9. To the extent identified from available information, there is no
 amount due to micro, small and medium size enterprises as on 31st
 March, 2011
 
 During the previous year Commission was payable by virtue of his terms
 of appointment as Managing Director of erstwhile transferor company and
 calculated on the basis of profit of that year of the transferor
 company only and the said erstwhile Managing Director was not a
 Director of the Company as on March 31, 2010. The said expenses were
 included under the respective head of account.
 
 19. Related Party disclosures under Accounting Standard 18 :
 
 
 a) Name of the related party and nature of relationship:
 
 2010-2011                        2009-2010
 
 Name            Relationship     Name          Relationsship
 
 Mr Padam        Key Management   Mr. Rajiv     Key Management
 Prakash Gupta   Personnel        Agarwal       Personnel             
                                              
   
 Simran Wind     Wholly owned     Simran Wind   Wholly owned Subsid
 Project         Subsidiary       Project       iary 
 Private                          Private
 Limited                          Limited            
                                        
 Mr Ankit        Relative 
 Gupta           of Key
                 Management 
                 Personnel
         
 
 
 20. Previous Year''s figures have been re-grouped and re- arranged
 wherever considered necessary to confirm to current years 
 classifications