1.  Outstanding Capital Commitments are estimated at Rs. 4,392,989 (Net
 of advances ) (Previous Year Rs. 1,214,365)
 
 2.  a) According to the usual practice, Electricity Charges are being
 accounted for on the basis of bills received. Any supplementary bill
 arising out of revision in the rates will be accounted for as and when
 such bills are received.
 
 b) Provision for Fuel Surcharge upto December, 2003 had been made as
 per interim order passed by the Honble High Court of Patna .
 
 3.  Research and Development Expenditure
 
                           For the year ended    For the year ended 
                           31st March, 2011      31st March, 2010
 
 Revenue                        7,428                   5,001
 
 Capital                          927                   1,022
 
 4.  There are Contingent Liabilities in respect of :
 
 a) Bills discounted with Banks Rs.1,103,368 (Previous Year
 Rs.1,073,915) including against Letter of Credit Rs.589,536 (Previous
 Year Rs.329,942)
 
 b) Bank Guarantees outstanding Rs.295,103 (Previous Year Rs.341,697)
 
 c) Disputed Income Tax matters amounting to Rs.194,022 (Previous Year
 Rs.55,178 ) for which the Company has preferred appeal before
 appropriate authorities.
 
 d) Demand for Sales Tax amounting to Rs.8,431 (Previous Year Rs.7,963)
 for earlier years not acknowledged as debts and in respect of which the
 Company has preferred appeals before appropriate authorities.
 
 e) Demand for Excise Duty and Service Tax Rs.443,346 (Previous Year
 Rs.134,982) not acknowledged as debts and in respect of which the
 Company has preferred appeal before appropriate authorities.
 
 f) Demand for Customs Duty Rs.12,439 (Previous year Rs.12,439 ) not
 acknowledged as debts and in respect of which the Company had preferred
 appeal before appropriate authorities.
 
 g) Corporate Guarantees given by the Company to secure the financial
 assistance / accommodation extended to other Bodies Corporate amounting
 to Rs.685,107 (Previous Year Rs.659,318).
 
 h) Claims against the Company not acknowledged as debts Rs.3,390
 (Previous Year Rs.75,974).
 
 5. Lease Commitments
 
 a) Operating Lease Commitments
 
 The Company has two non-cancelable operating lease agreements both
 having a tenure of fifteen years, in connection with establishment and
 operation of plants, by the lessor, for production of gaseous oxygen to
 cater to the Companys Steel Plant at Jamshedpur. One of such
 agreements became operative in 2001-02 (Lease A) and the other one has
 become operative in 2007-08 (Lease B). The Company pays minimum lease
 rent and fixed, as well as, variable operating and maintenance charges
 for both the Leases.
 
 In respect of Lease A, 30% of lease rent, fixed and variable operation
 and maintenance charges will be escalated every quarter in the same
 proportion as increase in Wholesale Price Index published by the
 Reserve Bank of India in its bulletin (base period 1st August, 1999 ).
 
 In respect of Lease B, 70% of lease rents and operation and maintenance
 charges will be escalated every quarter in the same proportion as
 increase in Wholesale Price Index published by the Reserve Bank of
 India in its bulletin (base period 20th April, 2007)
 
 (b) The Company has entered into cancelable operating leases and
 transactions for leasing of accommodation for office spaces, employees
 residential accommodation etc. Tenure of leases generally vary between
 1 and 3 years. Terms of the lease include operating term for renewal,
 increase in rent in future periods and term of cancellation. Related
 lease rentals aggregating Rs.39,312 (Previous year Rs.15,949 ) have
 been debited to the Profit and Loss Account.
 
 $ As certified by the Management.
 
 a. Including internal consumption 192,229 M.T. (Previous Year 175,423
 M.T.)
 
 b. Including internal consumption 16,006 M.T. (Previous Year 27,404
 M.T.) ; excluding trial production Nil M.T. (Previous Year 48,049 M.T.)
 
 c. Including internal consumption 503,410 M.T. (Previous Year 378,925
 M.T. ) and purchase (net) 6,895 M.T. (Previous Year 27,749 M.T.  );
 excluding trial production Nil M.T. (Previous Year 77,100 M.T.)
 
 d. Including internal consumption 312,286 M.T. (Previous Year 119,650
 M.T. ) excluding trial run production 45,669 M.T. (Previous year Nil
 M.T.)
 
 e. Including internal consumption 240,123 M.T. (Previous Year 147,303
 M.T. ) ; excluding trial production Nil M.T. (Previous Year 39,283
 M.T.)
 
 f. Including internal consumption 99 M.T. ( Previous Year 2,371 M.T.)
 
 g. Including internal consumption 3,100 M.T. (Previous Year 3,663 M.T.
 )
 
 h. including internal consumption 7,447 M.T. (Previous Year 6,155 M.T.)
 
 i. Including internal consumption 2,977 M.T.(Previous Year 1,070 M.T.)
 ; excluding trial production Nil M.T. (Previous Year 995 M.T.)
 
 j. Including internal consumption 6 Nos. (Previous Year 3 Nos. ).
 
 k. Including internal consumption Nil Sets. (Previous Year 2 Sets ).
 
 l. Including internal consumption 16,277 Pcs. (Previous Year 61,029
 Pcs.  ).
 
 m. Including internal consumption Nil Pcs. (Previous Year 5 Pcs. ).
 
 n. Including internal consumption 2 Sets (Previous Year Nil set ).
 
 6. Segment Information for the year ended 31st March, 2011
 
 A.  Primary Segment Reporting (by Business Segments)
 
 I.  Composition of Business Segments
 
 Segments have been identified in accordance with the Accounting
 Standard on Segment Reporting (AS-17) prescribed under the Act.
 
 Details of products included in each of the above Segments are given
 below : Steel : Steel Wire Rods, Rolled Products, Billets, Pig Iron and
 allied products.
 
 Wire and Wire Ropes : Steel Wires, Strands, Wire Ropes, Cord, Bright
 Bar, related accessories including Wire Drawing and allied machines,
 etc.
 
 Others : Jelly Filled Telecommunication Cables, etc.
 
 II Inter Segment Transfer Pricing
 
 Inter segment prices are normally negotiated amongst the segments with
 reference to the costs, market prices and business risks, within an
 overall optimisation objective for the Company.
 
 Legends to classification :- 
 
 a - denotes Subsidiaries
 
 b - denotes Loans outstanding as at 31st March, 2011 
 
 c - denotes amount due on account of accrued interest, management
 service charges and recovery of expenses outstanding as at 31st March,
 2011 
 d - denotes maximum amount outstanding during the year ended 31st
 March, 2011 
 
 e - denotes no repayment schedule or repayment beyond seven years.
 
 II. In view of voluminous data furnishing of particulars such as name,
 amount outstanding at the year end and maximum amount outstanding
 during the year in respect of loans and advances in the nature of loan
 given to employees for medical, furniture, housing, vehicle etc. with
 interest rate varying from 0 - 6 per cent and repayment terms varying
 from 1 - 10 years is not considered practicable. Aggregate amount of
 such advances and loans outstanding at the year end is Rs.13,249
 (Previous year Rs.19,098).
 
 7. Employee Benefits
 
 (I) Post Employment Defined Contribution Plans
 
 During the year an amount of Rs. 45,594 (Previous year Rs.38,539) has
 been recognised as expenditure towards Defined Contribution Plans of
 the Company.
 
 (II) Post Employment Defined Benefit Plans
 
 Gratuity (Funded)
 
 The Company provides for gratuity, a defined benefit retirement plan
 covering eligible employees. As per the scheme, the Gratuity Trust
 Funds managed by the Life Insurance Corporation of India ( LIC ) and
 other insurance companies make payment to vested employees at
 retirement, death, incapacitation or termination of employment, of an
 amount based on the respective employees eligible salary for specified
 number of days (ranging from fifteen days to one month) depending upon
 the tenure of service subject to a maximum limit of twenty months
 salary. Vesting occurs upon completion of five years of service.
 Liabilities with regard to the Gratuity Plan are determined by
 actuarial valuation as set out in Note 1 (j) (ii) above, based upon
 which, the Company makes contributions to the Gratuity Funds.
 
 The estimate of future salary increases takes into account inflation,
 seniority, promotion and other relevant factors.
 
 The expected return on plan assets is determined after taking into
 consideration composition of the plan assets held, assessed risks of
 asset management, historical results of the return on plan assets, the
 Companys policy for plan asset management and other relevant factors.
 
 (i) Contributions towards provident funds are recognised as expense.
 Provident fund contributions in respect of employees are made to Trusts
 administered by the Company and such Trusts invest funds following a
 pattern of investments prescribed by the Government. The interest rate
 payable to the members of the Trusts is not lower than the rate of
 interest declared annually by the Government under the Employees
 Provident Funds and Miscellaneous Provisions Act, 1952 and shortfall,
 if any, on account of interest is to be made good by the Company.  In
 terms of the Guidance on implementing Accounting Standard (AS) 15 on
 Employee Benefits issued by the Accounting Standards Board of the
 Institute of Chartered Accountants of India, a provident fund set up by
 the Company is treated as a defined benefit plan in view of the
 Companys obligation to meet interest shortfall, if any. However, there
 is no such interest shortfall at the year end which is required to be
 made good by the Company. The Actuary has expressed his inability to
 provide an actuarial valuation of the provident fund liability as at
 the year end in the absence of any guidance from the Actuarial Society
 of India. Accordingly, complete information required to be considered
 as per AS 15 in this regard are not available and the same could not be
 disclosed. During the year, the Company has contributed Rs. 35,720 (
 Previous year Rs.25,397) to the Provident Fund.
 
 8. Provision for Dividend Tax is net of write back of excess provision
 Rs.1,177 ( Previous year Rs. Nil ) made in earlier year.
 
 9. Figures for the previous year have been regrouped/ rearranged
 wherever necessary to make them comparable with the current years
 figures.