| (Rs.in Million) |
| Particulars | Mar 2008 | Mar 2007 | Mar 2006 | Mar 2005 | Mar 2004 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 144.95 | 144.95 | 144.95 | 144.95 | 72.47 |
| Equity - Authorised | 300.00 | 300.00 | 300.00 | 300.00 | 200.00 |
| Equity - Issued | 144.95 | 144.95 | 144.95 | 144.95 | 72.47 |
| Equity Paid Up | 144.95 | 144.95 | 144.95 | 144.95 | 72.47 |
| 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 | 287.55 | 273.00 | 238.66 | 206.40 | 214.16 |
| Securities Premium | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | 117.14 | 109.71 | 109.49 | 68.37 | 10.68 |
| General Reserves | 106.98 | 104.48 | 79.48 | 54.48 | 76.95 |
| Other Reserves | 63.43 | 58.80 | 49.69 | 83.55 | 126.53 |
| Reserve excluding Revaluation Reserve | 287.55 | 273.00 | 238.66 | 206.40 | 214.16 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 432.49 | 417.94 | 383.61 | 351.34 | 286.64 |
| Minority Interest | -1.54 | -1.46 | -0.91 | -0.24 | -0.19 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 518.44 | 531.47 | 343.56 | 328.98 | 220.89 |
| Non Convertible Debentures | 16.50 | 38.50 | 60.50 | 82.50 | 110.00 |
| 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 | 412.09 | 492.97 | 183.01 | 117.64 | 47.13 |
| Term Loans - Institutions | 89.84 | 0.00 | 11.33 | 23.37 | 37.81 |
| Other Secured | 0.00 | 0.00 | 88.72 | 105.47 | 25.94 |
| Unsecured Loans | 10.60 | 3.63 | 23.41 | 4.41 | 6.40 |
| 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 | 0.00 | 0.00 |
| 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 | 1.20 | 1.20 | 2.30 | 0.00 | 0.00 |
| Other Unsecured Loan | 9.40 | 2.43 | 21.11 | 4.41 | 6.40 |
| Deferred Tax Assets / Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 | 529.04 | 535.10 | 366.97 | 333.39 | 227.29 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 55.07 | 42.82 | 51.52 | 68.93 | 46.55 |
| Sundry Creditors | 55.07 | 42.82 | 51.52 | 68.93 | 46.55 |
| 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 | 2.28 | 3.48 | 3.33 | 8.27 | 3.21 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 | 1.25 | 1.25 | 1.25 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 0.00 | 4.93 | 0.01 |
| 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 | 2.28 | 3.48 | 2.08 | 2.09 | 1.95 |
| 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 | 75.46 | 58.26 | 42.95 | 22.96 | 10.73 |
| Proposed Equity Dividend | 13.77 | 10.87 | 7.25 | 0.00 | 7.25 |
| Provision for Corporate Dividend Tax | 2.34 | 1.85 | 1.02 | 0.00 | 0.93 |
| Provision for Tax | 58.17 | 44.71 | 33.74 | 22.96 | 2.55 |
| Provision for post retirement benefits | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Provisions | 1.18 | 0.83 | 0.95 | 0.00 | 0.00 |
| Total Current Liabilities | 132.81 | 104.56 | 97.80 | 100.16 | 60.48 |
| Total Liabilities | 1092.81 | 1056.14 | 847.47 | 784.66 | 574.21 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 1347.88 | 1281.89 | 995.65 | 866.35 | 664.26 |
| Less: Accumulated Depreciation | 609.44 | 534.13 | 476.69 | 430.10 | 397.81 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 738.45 | 747.75 | 518.95 | 436.25 | 266.45 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 43.48 | 37.68 | 57.76 | 43.36 | 40.46 |
| Non Current Investments | 0.00 | 0.00 | 0.11 | 0.11 | 0.11 |
| Long Term Investment | 0.00 | 0.00 | 0.11 | 0.11 | 0.11 |
| Quoted | 0.00 | 0.00 | 0.09 | 0.09 | 0.09 |
| Unquoted | 0.00 | 0.00 | 0.02 | 0.02 | 0.02 |
| 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 | 781.93 | 785.43 | 576.82 | 479.71 | 307.02 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 0.11 | 0.11 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.09 | 0.09 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.02 | 0.02 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Work-in Progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Finished Goods | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Inventory | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry Debtors | 163.61 | 134.52 | 143.76 | 136.29 | 105.48 |
| Debtors more than Six months | 76.01 | 60.47 | 60.52 | 64.98 | 20.74 |
| Debtors Others | 87.60 | 74.06 | 83.24 | 71.31 | 84.74 |
| Cash and Bank | 4.54 | 9.15 | 15.94 | 60.89 | 17.88 |
| Cash in hand | 0.41 | 0.51 | 0.41 | 0.04 | 0.37 |
| Balances at Bank | 4.14 | 8.64 | 15.53 | 59.69 | 16.58 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 1.16 | 0.93 |
| Other Current Assets | 0.00 | 0.00 | 64.56 | 82.97 | 114.41 |
| Interest accrued on Investments | 0.00 | 0.00 | 0.04 | 0.03 | 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 | 64.52 | 82.95 | 114.41 |
| 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 | 141.36 | 125.69 | 45.14 | 23.66 | 29.21 |
| Advances recoverable in cash or in kind | 5.73 | 5.54 | 5.32 | 6.17 | 11.15 |
| Advance income tax and TDS | 60.26 | 47.82 | 32.45 | 10.30 | 11.69 |
| 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 | 75.38 | 72.33 | 7.37 | 7.18 | 6.38 |
| Total Current Assets | 309.62 | 269.46 | 269.41 | 303.80 | 266.99 |
| Net Current Assets (Including Current Investments) | 176.81 | 164.90 | 171.60 | 203.64 | 206.51 |
| Miscellaneous Expenses not written off | 1.26 | 1.25 | 1.25 | 1.14 | 0.21 |
| Total Assets | 1092.81 | 1056.14 | 847.47 | 784.66 | 574.21 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Debt | 529.04 | 535.10 | 366.97 | 333.39 | 227.29 |
| Book Value | 29.75 | 28.75 | 26.38 | 24.16 | 39.52 |
| Adjusted Book Value | 29.75 | 28.75 | 26.38 | 24.16 | 19.76 |