| (Rs.in Million) |
| Particulars | Mar 2008 | Mar 2007 | Mar 2006 | Mar 2005 | Mar 2004 |
| EQUITY AND LIABILITIES | 0 | 0 | 0 | 0 | 0 |
| Share Capital | 24.58 | 24.58 | 24.58 | 24.58 | 24.58 |
| Equity - Authorised | 50.00 | 50.00 | 50.00 | 50.00 | 50.00 |
| Equity - Issued | 24.58 | 24.58 | 24.58 | 24.58 | 24.58 |
| Equity Paid Up | 24.58 | 24.58 | 24.58 | 24.58 | 24.58 |
| 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 | 432.97 | 367.83 | 274.23 | 214.04 | 171.34 |
| Securities Premium | 50.32 | 50.32 | 50.32 | 50.32 | 50.32 |
| Capital Reserves | 3.50 | 3.50 | 3.50 | 3.50 | 3.50 |
| Profit & Loss Account Balance | 110.03 | 178.81 | 106.52 | 56.64 | 26.50 |
| General Reserves | 269.12 | 135.21 | 113.89 | 103.59 | 99.28 |
| Other Reserves | 0.00 | 0.00 | 0.00 | 0.00 | -8.26 |
| Reserve excluding Revaluation Reserve | 432.97 | 367.83 | 274.23 | 214.04 | 171.34 |
| Revaluation reserve | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shareholder's Funds | 457.55 | 392.41 | 298.81 | 238.62 | 195.92 |
| Minority Interest | 150.00 | 0.00 | 0.00 | 0.00 | 18.73 |
| Long-Term Borrowings | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured Loans | 869.31 | 502.45 | 362.64 | 269.51 | 106.49 |
| 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 | 623.22 | 294.99 | 221.71 | 178.65 | 100.00 |
| Term Loans - Institutions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Secured | 246.09 | 207.46 | 140.93 | 90.86 | 6.49 |
| Unsecured Loans | 7.93 | 60.00 | 0.00 | 0.73 | 2.60 |
| Fixed Deposits - Public | 0.00 | 0.00 | 0.00 | 0.00 | 0.54 |
| 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 | 1.42 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Loans - Others | 5.20 | 60.00 | 0.00 | 0.00 | 0.00 |
| Other Unsecured Loan | 1.31 | 0.00 | 0.00 | 0.73 | 2.06 |
| Deferred Tax Assets / Liabilities | 41.62 | 30.98 | 30.98 | 24.48 | 13.28 |
| Deferred Tax Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Deferred Tax Liability | 41.62 | 30.98 | 30.98 | 24.48 | 13.28 |
| 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 | 918.87 | 593.43 | 393.61 | 294.72 | 122.37 |
| Current Liabilities | 0 | 0 | 0 | 0 | 0 |
| Trade Payables | 292.39 | 111.79 | 101.93 | 91.53 | 53.89 |
| Sundry Creditors | 292.39 | 111.79 | 101.93 | 91.53 | 53.89 |
| 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 | 1.39 | 1.16 | 0.92 | 0.81 | 3.55 |
| 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 | 2.52 |
| Interest Accrued But Not Due | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 |
| 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 | 1.39 | 1.16 | 0.92 | 0.81 | 0.83 |
| 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 | 75.91 | 50.84 | 46.04 | 24.68 | 25.11 |
| Proposed Equity Dividend | 14.75 | 12.29 | 12.29 | 11.06 | 7.37 |
| Provision for Corporate Dividend Tax | 2.51 | 2.09 | 1.72 | 1.45 | 0.94 |
| Provision for Tax | 58.65 | 36.47 | 32.03 | 12.17 | 16.79 |
| 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 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Current Liabilities | 369.69 | 163.79 | 148.89 | 117.02 | 82.55 |
| Total Liabilities | 1484.79 | 954.86 | 661.44 | 508.87 | 323.75 |
| ASSETS | 0 | 0 | 0 | 0 | 0 |
| Gross Block | 1082.61 | 808.44 | 639.40 | 530.43 | 407.48 |
| Less: Accumulated Depreciation | 412.65 | 332.74 | 280.67 | 241.05 | 252.55 |
| Less: Impairment of Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Block | 669.95 | 475.70 | 358.73 | 289.38 | 154.92 |
| Lease Adjustment A/c | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital Work in Progress | 335.85 | 53.48 | 1.21 | 0.13 | 60.08 |
| Non Current Investments | 7.71 | 7.71 | 7.14 | 6.39 | 6.60 |
| Long Term Investment | 7.71 | 7.71 | 7.14 | 6.39 | 6.60 |
| Quoted | 6.96 | 6.96 | 6.39 | 6.39 | 6.53 |
| Unquoted | 0.75 | 0.75 | 0.75 | 0.00 | 0.07 |
| 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 | 1013.52 | 536.88 | 367.08 | 295.89 | 221.61 |
| 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 | 379.96 | 251.70 | 232.45 | 172.93 | 67.00 |
| Raw Materials | 170.12 | 127.45 | 141.15 | 96.97 | 17.45 |
| Work-in Progress | 33.74 | 20.14 | 22.30 | 17.26 | 16.22 |
| Finished Goods | 46.29 | 49.89 | 23.80 | 18.43 | 1.83 |
| Packing Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Stores and Spare | 16.81 | 13.16 | 10.66 | 12.23 | 11.11 |
| Other Inventory | 113.00 | 41.06 | 34.53 | 28.04 | 20.39 |
| Sundry Debtors | 281.01 | 186.83 | 124.52 | 107.13 | 56.82 |
| Debtors more than Six months | 4.95 | 1.72 | 0.46 | 1.33 | 6.11 |
| Debtors Others | 276.05 | 185.10 | 124.06 | 105.80 | 50.72 |
| Cash and Bank | 17.62 | 27.35 | 9.36 | 9.41 | 27.32 |
| Cash in hand | 0.57 | 0.20 | 0.86 | 0.32 | 0.34 |
| Balances at Bank | 17.05 | 27.14 | 8.50 | 9.09 | 26.98 |
| Other cash and bank balances | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Current Assets | 19.38 | 4.73 | 5.86 | 1.78 | 1.38 |
| 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 | 13.34 | 2.33 | 3.90 | 0.01 | 0.10 |
| Prepaid Expenses | 6.04 | 2.40 | 1.96 | 1.77 | 1.28 |
| Other current_assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Short Term Loans and Advances | 184.62 | 142.14 | 101.10 | 61.34 | 41.56 |
| Advances recoverable in cash or in kind | 69.03 | 67.61 | 34.64 | 16.28 | 8.53 |
| Advance income tax and TDS | 65.50 | 43.43 | 34.38 | 13.85 | 18.91 |
| 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 | 50.08 | 31.10 | 32.08 | 31.20 | 14.12 |
| Total Current Assets | 882.59 | 612.75 | 473.29 | 352.59 | 194.09 |
| Net Current Assets (Including Current Investments) | 512.90 | 448.96 | 324.40 | 235.57 | 111.54 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 | 0.94 | 1.89 | 3.88 |
| Total Assets | 1484.79 | 954.86 | 661.44 | 508.87 | 323.75 |
| Contingent Liabilities | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Debt | 877.25 | 562.45 | 362.64 | 270.24 | 109.09 |
| Book Value | 186.15 | 159.65 | 121.18 | 96.31 | 78.13 |
| Adjusted Book Value | 186.15 | 159.65 | 121.18 | 96.31 | 78.13 |