| (Rs.in Million) |
| Particulars | Mar 2008 | Mar 2007 | Mar 2006 | Dec 2004 | Dec 2003 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 436.36 | 436.36 | 436.36 | 436.36 | 436.36 |
| Equity - Authorised | 600.00 | 600.00 | 600.00 | 600.00 | 600.00 |
| Equity - Issued | 599.15 | 599.15 | 599.15 | 599.15 | 599.15 |
| Equity Paid Up | 436.36 | 436.36 | 436.36 | 436.36 | 436.36 |
| 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 | -4000.10 | -3720.65 | -3642.19 | -1977.95 | -1176.98 |
| Securities Premium | 1077.39 | 1077.39 | 1077.39 | 1077.39 | 1077.39 |
| Capital Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit & Loss Account Balance | -5129.98 | -4850.53 | -4772.07 | -3131.77 | -2333.70 |
| General Reserves | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Reserves | 52.50 | 52.50 | 52.50 | 76.43 | 79.34 |
| Reserve excluding Revaluation Reserve | -4000.10 | -3720.65 | -3642.19 | -2001.88 | -1203.82 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 23.93 | 26.84 |
| Shareholder's Funds | -3563.74 | -3284.28 | -3205.82 | -1541.59 | -740.62 |
| Minority Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 4330.20 | 4330.88 | 4330.00 | 4157.07 | 3486.94 |
| Non Convertible Debentures | 207.81 | 207.81 | 207.81 | 199.27 | 168.67 |
| 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 | 170.63 | 170.63 | 276.59 | 266.28 | 227.82 |
| Term Loans - Institutions | 1386.66 | 1387.34 | 1386.46 | 1335.23 | 1132.87 |
| Other Secured | 2565.10 | 2565.10 | 2459.15 | 2356.30 | 1957.59 |
| Unsecured Loans | 80.18 | 80.23 | 80.39 | 111.05 | 90.36 |
| 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 | 22.14 | 22.18 | 22.35 | 58.60 | 56.52 |
| Other Unsecured Loan | 58.04 | 58.04 | 58.04 | 52.45 | 33.84 |
| Deferred Tax Assets / Liabilities | 176.21 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Assets | 0.00 | 183.47 | 151.10 | 442.41 | 465.13 |
| Deferred Tax Liability | 176.21 | 183.47 | 151.10 | 442.41 | 465.13 |
| 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 | 4586.59 | 4411.10 | 4410.39 | 4268.12 | 3577.30 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 1292.96 | 1328.52 | 1325.09 | 741.17 | 288.72 |
| Sundry Creditors | 1292.96 | 1328.52 | 1325.09 | 741.17 | 288.72 |
| 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 | 124.18 | 124.50 | 125.50 | 114.28 | 84.23 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Advances received from customers | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Accrued But Not Due | 113.81 | 113.81 | 113.81 | 107.31 | 74.11 |
| 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 | 10.37 | 10.69 | 11.68 | 6.96 | 10.12 |
| 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 | 9.97 | 13.56 | 12.95 | 25.88 | 31.95 |
| Proposed Equity Dividend | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Corporate Dividend Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Provision for Tax | 6.74 | 6.85 | 6.63 | 19.01 | 25.03 |
| 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 | 3.23 | 6.70 | 6.33 | 6.87 | 6.93 |
| Total Current Liabilities | 1427.11 | 1466.57 | 1463.54 | 881.33 | 404.91 |
| Total Liabilities | 2449.96 | 2593.39 | 2668.11 | 3607.85 | 3241.59 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 1296.00 | 1295.96 | 1295.45 | 2466.21 | 2459.83 |
| Less: Accumulated Depreciation | 559.96 | 501.60 | 444.93 | 776.51 | 664.90 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 736.04 | 794.36 | 850.52 | 1689.70 | 1794.94 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 38.12 | 38.12 | 38.12 | 38.12 | 38.12 |
| Non Current Investments | 0.01 | 0.05 | 0.05 | 0.04 | 3.54 |
| Long Term Investment | 0.01 | 0.05 | 0.05 | 0.04 | 3.54 |
| Quoted | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Unquoted | 0.00 | 0.04 | 0.04 | 0.03 | 3.53 |
| 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 | 774.17 | 832.53 | 888.69 | 1727.86 | 1836.60 |
| Current Assets Loans & Advances | 0 | 0 | 0 | 0 | 0 |
| Currents Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Quoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unquoted | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 74.28 | 76.01 | 54.43 | 78.98 | 150.55 |
| Raw Materials | 31.86 | 26.28 | 18.35 | 30.29 | 46.46 |
| Work-in Progress | 9.50 | 13.47 | 18.05 | 27.19 | 42.76 |
| Finished Goods | 27.16 | 30.36 | 11.82 | 14.07 | 81.24 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 5.76 | 5.89 | 6.02 | 7.06 | 7.30 |
| Other Inventory | 0.00 | 0.00 | 0.20 | 0.38 | -27.22 |
| Sundry Debtors | 555.95 | 603.04 | 616.48 | 1192.66 | 639.94 |
| Debtors more than Six months | 547.81 | 595.27 | 55.50 | 633.52 | 619.68 |
| Debtors Others | 8.14 | 7.77 | 560.98 | 559.14 | 20.26 |
| Cash and Bank | 6.46 | 8.48 | 7.24 | 7.62 | 8.33 |
| Cash in hand | 0.63 | 0.35 | 1.08 | 0.59 | 1.26 |
| Balances at Bank | 5.84 | 8.14 | 6.16 | 7.03 | 7.07 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.00 | 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 | 1039.11 | 1073.23 | 1100.93 | 599.44 | 601.94 |
| Advances recoverable in cash or in kind | 877.51 | 911.80 | 937.45 | 239.62 | 242.13 |
| Advance income tax and TDS | 0.00 | 0.00 | 0.00 | 0.00 | 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 | 161.60 | 161.43 | 163.48 | 359.82 | 359.81 |
| Total Current Assets | 1675.79 | 1760.75 | 1779.08 | 1878.70 | 1400.75 |
| Net Current Assets (Including Current Investments) | 248.69 | 294.18 | 315.54 | 997.37 | 995.85 |
| Miscellaneous Expenses not written off | 0.00 | 0.11 | 0.34 | 1.30 | 4.24 |
| Total Assets | 2449.96 | 2593.39 | 2668.11 | 3607.85 | 3241.59 |
| Contingent Liabilities | 2761.43 | 3008.26 | 3002.83 | 699.18 | 482.46 |
| Total Debt | 4410.38 | 4411.10 | 4410.39 | 4268.12 | 3577.30 |
| Book Value | -81.67 | -75.27 | -73.47 | -35.91 | -17.68 |
| Adjusted Book Value | -81.67 | -75.27 | -73.47 | -35.91 | -17.68 |