(Rs. in crores)
 
                                                   As at       As at
                                              31st March, 
                                                    2011  31st March, 
                                                                2010
 
 1.  Contingent Liabilities not 
     provided for in respect of: 
 
 (i) Letters of Credit established and Guarantees
 
 given by banks on behalf of the Company           60.46       28.71
 
 (ii) Disputed Income-tax matters                  23.45       21.81
 
 (iii) Disputed Sales-tax matters                   0.21        0.21
 
 (iv) Disputed Custom Duty matters                  0.44        0.44
 
 (v) Disputed Stamp Duty matters                    0.26        0.26
 
 (a) Other than above, the Company has not given any loans or advances
 in the nature of loan to any of its subsidiaries and associates or
 firms / companies, in which Directors are interested.
 
 (b) There are no loans where either repayment schedule is not
 prescribed or repayment is scheduled beyond seven years. Loans given to
 above companies are interest free.
 
 2.  (i) The Company uses forward contracts to hedge its risk associated
 with foreign currency fluctuation relating to firm commitments. The 
 Company does not use forward contracts for speculative purposes.  
 Outstanding foreign exchange contracts as at 31st March, 2011 is Rs.7.68 
 Crores (Previous Year Rs. Nil).
 
 (ii) Foreign currency exposure not hedged by derivative instruments as
 at 31st March, 2011 on capital imports amount to Rs.36.73 crores
 (Previous Year Rs.4.31 crores)
 
 3.  Based on the information available with the Company, the balance
 due to Micro and Small Enterprises as defined under MSMED Act, 2006 is
 Rs.1.49 crores (Previous Year Rs.1.14 crores). No interest has been
 paid or payable under MSMED Act, 2006 during the year.
 
 4.  Assets taken on lease under which all risks and rewards of
 ownership are effectively retained by the lessor are classified as
 operating lease. Lease payments under operating leases are recognised
 as expenses on straight-line basis.
 
 The Companys significant leasing arrangements are in respect of
 residential flats, office premises, plant and machinery and equipments
 taken on lease. The arrangements range between 11 months and 10 years
 generally and are usually renewable by mutual consent or mutually
 agreeable terms. Under these arrangements, generally refundable
 interest free deposits have been given. The Company has not entered
 into any material financial lease. The Company does not have any
 non-cancellable lease.
 
 5.  Employee Benefits:
 
 The accounting liability on account of gratuity and leave is accounted
 as per AS 15 (revised 2005) dealing with Employee benefits.
 
 The Company operates a defined benefit plan (the Gratuity Plan)
 covering eligible employees, which provides a lump sum payment to
 vested employees at retirement, death, incapacitation or termination of
 employment, of an amount based on the respective employees salary and
 tenure of employment.
 
 6.  Note:
 
 The estimates of future salary increases considered in the actuarial
 valuation take account of inflation, promotion and other relevant
 factors, such as supply and demand in the employment market. Future
 separation and Mortality rates are obtained from relevant data of Life
 Insurance Corporation of India.
 
 7. The Companys primary business segment is Generation and
 Distribution of Electricity. Based on the guiding principles given in
 Accounting Standard on “Segment Reporting [(AS-17) issued by the
 Institute of Chartered Accountants of India], this activity falls
 within a single primary business segment and accordingly the disclosure
 requirements of AS-17 in this regard are not applicable.
 
 8.  Previous years figures have been restated, wherever necessary, to
 conform to this years classification.  Figures are rounded off to
 nearest lakh. Figures below Rs.50000 are denoted by *.