200909 - Quarter 2

Status of Investor Complaints for the quarter ended September 30,
2009

Complaints Pending at
the beginning of the quarter		Nil

Complaints Received during
the quarter
				05

Complaints disposed off during the quarter
			05

Complaints unresolved at the
end of the quarter 		Nil

1. The above results have been
reviewed by the Audit Committee and
taken on record by the Board of Directors at its meeting held on
October 28, 2009.

2. The
above results for the quarter & Half year ended September 30,
2009 have been subjected to
´Limited Review´ by the statutory auditors of the
company, as per the listing
agreement entered into with the stock exchanges in India.

3.
The particulars of proceeds
raised from the public issue and its actual utilisation upto
September 30, 2009 for the stated
purposes in prospectus are given below:

Funds received upto
September 30,2009:

(Rs in
Million)

Equity Share Capital : 346.11
Share Premium :
7960.53
Interest on Liquid
Fluids : 567.38
Total : 8874.02

Actual utilisation upto
September 30, 2009

IPO
Expenses(Including service tax) : 544.42
Investment/Advances in
Wardha Power Company Ltd -
Chattisgarh project : 8082.20
Sub-total : 8626.62
Balance of
unutilised monies out of the IPO
funds in liquid funds : 247.40

4. Segmental Reporting as per
AS 17 is not applicable as the
Company has only one segment "Project Development"
and there are no reportable
geographical segments.

5. The Pledge of shares by the Promoter
entity i.e KSK Energy Ltd,
Mauritius is offered as collateral with respect to the corporate debt
facility availed by the
Company from a reputed financial institution in India.

6.
There are no extra-ordinary /
exceptional items during the period ended September 30,
2009.

7. Figures for the previous
year have been regrouped and reclassified to conform to the
classification of the current period,
wherever necessary.

K A Sastry
WholeTime Director