1. Figures of the previous period / year have been re-arranged, where necessary.

2. The above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at its Meeting held on April 30, 2009.

3. The Company is primarily in the business of trading of power. Generation of power and Consultancy income have not been reported separately as the same being insignificant.

4. *Consolidated financial information for the year ended March 31, 2009 is as follows:- (In Rs Lacs)

Consolidated Turnover - 643,960
Consolidated Profit After Tax - 9,271.49
Consolidated Earning Per Share (Rs) - 4.08
*Based on un-audited provisional results of Subsidiary and Associates.

5. During this quarter Services Charges of Rs 175 lacs (Rs 473.79 lacs till March 31, 2009) have been recognised as income for sale and purchase of electricity through Indian Energy Exchange (IEX).

6. MU´s traded include 333.89 MU´s for the year March 31, 2009 ( Previous year NIL) under "Energy Banking Arrangment".

7. Barak Power Pvt Ltd was incorporated as 50:50 Joint Venture on September 01, 2008 and it has no business activities since inception.

8. During this quarter an amount of Rs 299.54 lacs (Rs 742.29 lacs till March 31, 2009) has been charged off as employee cost on account of ESOP´s offered to the employees.

Tantra Narayan Thakur
Chairman & Managing Director