| (Rs.in Million) |
| Particulars | Dec 2007 | Dec 2006 | Dec 2005 | Dec 2004 | Dec 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 153.93 | 153.93 | 153.93 | 153.93 | 153.93 |
| Equity - Authorised | 170.00 | 170.00 | 170.00 | 170.00 | 170.00 |
| Equity - Issued | 153.93 | 153.93 | 153.93 | 153.93 | 153.93 |
| Equity Paid Up | 153.93 | 153.93 | 153.93 | 153.93 | 153.93 |
| Equity Shares Forfeited | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Share Warrants & Outstandings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Reserves | 886.74 | 614.87 | 188.33 | 247.90 | 43.64 |
| Securities Premium | 93.19 | 93.19 | 93.19 | 93.19 | 93.19 |
| Capital Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | 635.25 | 428.90 | 2.36 | 101.92 | -107.74 |
| General Reserves | 146.30 | 80.78 | 80.78 | 40.78 | 40.78 |
| Other Reserves | 12.00 | 12.00 | 12.00 | 12.00 | 17.40 |
| Reserve excluding Revaluation Reserve | 886.74 | 614.87 | 188.33 | 247.90 | 43.64 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 1040.67 | 768.80 | 342.26 | 401.83 | 197.57 |
| Minority Interest | 0.00 | 0.37 | 0.41 | 0.46 | 0.95 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 0.00 | 0.00 | 0.00 | 0.00 | 74.05 |
| Non Convertible Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Credit - Bank | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Term Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 | 65.80 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 0.00 | 0.00 | 0.00 | 0.00 | 8.25 |
| Unsecured Loans | 0.00 | 0.00 | 113.08 | 110.30 | 114.84 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 | 0.00 | 110.30 | 114.84 |
| Loans - Banks | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 | 113.08 | 0.00 | 0.00 |
| Other Unsecured Loan | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 15.33 | 4.87 | 2.32 | -8.28 | -73.12 |
| Deferred Tax Assets | 40.99 | 38.44 | 42.51 | 66.27 | 133.43 |
| Deferred Tax Liability | 56.32 | 43.30 | 44.83 | 57.99 | 60.30 |
| Other Long Term Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Liabilities | 15.33 | 4.87 | 115.40 | 102.02 | 115.76 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 382.78 | 361.02 | 241.89 | 220.13 | 267.74 |
| Sundry Creditors | 382.78 | 361.02 | 241.89 | 220.13 | 267.74 |
| Acceptances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Liabilities | 116.31 | 119.53 | 150.08 | 120.85 | 80.71 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 14.39 | 11.36 | 21.88 | 30.15 | 26.72 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 2.16 | 2.13 | 2.86 |
| Share Application Money | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 101.92 | 108.17 | 126.04 | 88.57 | 51.13 |
| Short Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Provisions | 67.94 | 46.59 | 496.43 | 82.70 | 57.58 |
| Proposed Equity Dividend | 0.00 | 0.00 | 400.22 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 56.13 | 0.00 | 0.00 |
| Provision for Tax | 12.36 | 18.71 | 14.06 | 17.22 | 9.38 |
| Provision for post retirement benefits | 0.00 | 0.00 | 11.97 | 55.34 | 34.09 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 55.58 | 27.88 | 14.05 | 10.14 | 14.10 |
| Total Current Liabilities | 567.03 | 527.13 | 888.40 | 423.67 | 406.03 |
| Total Liabilities | 1623.02 | 1301.18 | 1346.47 | 927.99 | 720.31 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 1075.66 | 910.20 | 728.30 | 737.88 | 752.90 |
| Less: Accumulated Depreciation | 464.96 | 415.68 | 375.35 | 360.63 | 325.91 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 610.71 | 494.52 | 352.95 | 377.25 | 426.99 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 62.94 | 65.60 | 58.97 | 2.63 | 0.00 |
| Non Current Investments | 34.98 | 30.66 | 0.00 | 0.00 | 0.00 |
| Long Term Investment | 34.98 | 30.66 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 34.98 | 30.66 | 0.00 | 0.00 | 0.00 |
| Long Term Loans & Advances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Non-Current Assets | 708.62 | 590.78 | 411.91 | 379.88 | 426.99 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 135.55 | 45.12 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 135.55 | 45.12 | 0.00 | 0.00 | 0.00 |
| Inventories | 367.27 | 258.12 | 260.32 | 199.08 | 169.71 |
| Raw Materials | 173.19 | 111.44 | 89.11 | 83.50 | 73.85 |
| Work-in Progress | 28.06 | 19.16 | 16.13 | 14.44 | 13.90 |
| Finished Goods | 159.05 | 124.01 | 149.10 | 95.57 | 78.55 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 6.98 | 3.52 | 5.98 | 5.56 | 3.42 |
| Other Inventory | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry Debtors | 97.47 | 93.95 | 52.18 | 46.66 | 51.21 |
| Debtors more than Six months | 18.62 | 14.55 | 12.52 | 11.19 | 37.45 |
| Debtors Others | 95.01 | 91.72 | 50.41 | 45.91 | 47.68 |
| Cash and Bank | 155.65 | 207.95 | 563.00 | 258.45 | 30.34 |
| Cash in hand | 0.73 | 0.62 | 0.57 | 0.39 | 0.48 |
| Balances at Bank | 55.34 | 111.22 | 529.51 | 227.74 | 4.44 |
| Other cash and bank balances | 99.57 | 96.12 | 32.92 | 30.32 | 25.42 |
| Other Current Assets | 1.22 | 1.22 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Investments | 1.22 | 1.22 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 157.24 | 104.03 | 59.05 | 43.92 | 42.07 |
| Advances recoverable in cash or in kind | 132.52 | 85.22 | 49.94 | 37.59 | 40.74 |
| Advance income tax and TDS | 0.00 | 3.20 | 3.20 | 5.83 | 0.00 |
| Amounts due from directors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inter corporate deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Loans & Advances | 24.73 | 15.62 | 5.91 | 0.50 | 1.33 |
| Total Current Assets | 914.40 | 710.40 | 934.56 | 548.11 | 293.32 |
| Net Current Assets (Including Current Investments) | 347.37 | 183.26 | 46.16 | 124.44 | -112.71 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Assets | 1623.02 | 1301.18 | 1346.47 | 927.99 | 720.31 |
| Contingent Liabilities | 232.70 | 98.62 | 109.56 | 144.76 | 268.05 |
| Total Debt | 0.00 | 0.00 | 113.08 | 110.30 | 188.88 |
| Book Value | 67.61 | 49.94 | 22.23 | 26.10 | 12.83 |
| Adjusted Book Value | 67.61 | 49.94 | 22.23 | 26.10 | 12.83 |