| (Rs.in Million) |
| Particulars | Mar 2006 | Mar 2005 |
| EQUITY AND LIABILITIES | 0 | 0 |
| Share Capital | 138.74 | 119.00 |
| Equity - Authorised | 200.00 | 120.00 |
| Equity - Issued | 138.74 | 119.00 |
| Equity Paid Up | 138.74 | 119.00 |
| Equity Shares Forfeited | 0.00 | 0.00 |
| Adjustments to Equity | 0.00 | 0.00 |
| Preference Capital Paid Up | 0.00 | 0.00 |
| Face Value | 10.00 | 10.00 |
| Share Warrants & Outstandings | 15.39 | 0.00 |
| Total Reserves | 574.07 | 211.96 |
| Securities Premium | 383.39 | 9.50 |
| Capital Reserves | 0.00 | 0.00 |
| Profit & Loss Account Balance | 11.77 | 64.16 |
| General Reserves | 178.91 | 138.30 |
| Other Reserves | 0.00 | 0.00 |
| Reserve excluding Revaluation Reserve | 574.07 | 211.96 |
| Revaluation reserve | 0.00 | 0.00 |
| Shareholder's Funds | 728.20 | 330.96 |
| Minority Interest | 6.73 | 5.95 |
| Long-Term Borrowings | 0.00 | 0.00 |
| Secured Loans | 521.07 | 357.41 |
| Non Convertible Debentures | 0.00 | 0.00 |
| Converible Debentures & Bonds | 0.00 | 0.00 |
| Packing Credit - Bank | 213.19 | 148.75 |
| Inter Corporate & Security Deposit | 0.00 | 0.00 |
| Term Loans - Banks | 307.88 | 208.65 |
| Term Loans - Institutions | 0.00 | 0.00 |
| Other Secured | 0.00 | 0.00 |
| Unsecured Loans | 94.63 | 0.00 |
| Fixed Deposits - Public | 0.00 | 0.00 |
| Loans and advances from subsidiaries | 0.00 | 0.00 |
| Inter Corporate Deposits (Unsecured) | 0.00 | 0.00 |
| Foreign Currency Convertible Notes | 0.00 | 0.00 |
| Long Term Loan in Foreign Currency | 0.00 | 0.00 |
| Loans - Banks | 94.63 | 0.00 |
| Loans - Govt. | 0.00 | 0.00 |
| Loans - Others | 0.00 | 0.00 |
| Other Unsecured Loan | 0.00 | 0.00 |
| Deferred Tax Assets / Liabilities | 64.69 | 62.08 |
| Deferred Tax Assets | 0.00 | 0.00 |
| Deferred Tax Liability | 64.69 | 62.08 |
| Other Long Term Liabilities | 0.00 | 0.00 |
| Long Term Trade Payables | 0.00 | 0.00 |
| Long Term Provisions | 0.00 | 0.00 |
| Total Non-Current Liabilities | 680.39 | 419.48 |
| Current Liabilities | 0 | 0 |
| Trade Payables | 0.00 | 0.00 |
| Sundry Creditors | 0.00 | 0.00 |
| Acceptances | 0.00 | 0.00 |
| Due to Subsidiaries- Trade Payables | 0.00 | 0.00 |
| Other Current Liabilities | 429.20 | 286.09 |
| Bank Overdraft / Short term credit | 0.00 | 0.00 |
| Advances received from customers | 19.21 | 9.32 |
| Interest Accrued But Not Due | 0.57 | 0.66 |
| Share Application Money | 0.00 | 0.00 |
| Current maturity of Debentures & Bonds | 0.00 | 0.00 |
| Current maturity - Others | 0.00 | 0.00 |
| Other Liabilities | 409.41 | 276.12 |
| Short Term Borrowings | 0.00 | 0.00 |
| Secured ST Loans repayable on Demands | 0.00 | 0.00 |
| Working Capital Loans- Sec | 0.00 | 0.00 |
| Buyers Credits - Unsec | 0.00 | 0.00 |
| Commercial Borrowings- Unsec | 0.00 | 0.00 |
| Other Unsecured Loans | 0.00 | 0.00 |
| Short Term Provisions | 25.78 | 24.61 |
| Proposed Equity Dividend | 20.81 | 19.12 |
| Provision for Corporate Dividend Tax | 2.92 | 2.50 |
| Provision for Tax | 1.39 | 2.98 |
| Provision for post retirement benefits | 0.00 | 0.00 |
| Preference Dividend | 0.00 | 0.00 |
| Other Provisions | 0.66 | 0.00 |
| Total Current Liabilities | 454.97 | 310.70 |
| Total Liabilities | 1350.63 | 694.31 |
| ASSETS | 0 | 0 |
| Gross Block | 979.62 | 670.55 |
| Less: Accumulated Depreciation | 262.98 | 205.31 |
| Less: Impairment of Assets | 0.00 | 0.00 |
| Net Block | 716.65 | 465.23 |
| Lease Adjustment A/c | 0.00 | 0.00 |
| Capital Work in Progress | 137.11 | 55.95 |
| Non Current Investments | 24.22 | 23.01 |
| Long Term Investment | 24.22 | 23.01 |
| Quoted | 0.00 | 0.00 |
| Unquoted | 24.22 | 31.20 |
| Long Term Loans & Advances | 0.00 | 0.00 |
| Other Non Current Assets | 0.00 | 0.00 |
| Total Non-Current Assets | 877.97 | 544.19 |
| Current Assets Loans & Advances | 0 | 0 |
| Currents Investments | 0.00 | 2.50 |
| Quoted | 0.00 | 2.50 |
| Unquoted | 0.00 | 0.00 |
| Inventories | 290.11 | 182.14 |
| Raw Materials | 199.63 | 108.09 |
| Work-in Progress | 25.17 | 20.36 |
| Finished Goods | 31.25 | 27.40 |
| Packing Materials | 0.00 | 0.00 |
| Stores and Spare | 34.06 | 26.30 |
| Other Inventory | 0.00 | 0.00 |
| Sundry Debtors | 469.08 | 286.38 |
| Debtors more than Six months | 18.20 | 10.01 |
| Debtors Others | 450.87 | 276.37 |
| Cash and Bank | 163.99 | 29.92 |
| Cash in hand | 0.00 | 0.00 |
| Balances at Bank | 163.99 | 29.92 |
| Other cash and bank balances | 0.00 | 0.00 |
| Other Current Assets | 0.00 | 0.00 |
| Interest accrued on Investments | 0.00 | 0.00 |
| Interest accrued on Debentures | 0.00 | 0.00 |
| Deposits with Government | 0.00 | 0.00 |
| Interest accrued and or due on loans | 0.00 | 0.00 |
| Prepaid Expenses | 0.00 | 0.00 |
| Other current_assets | 0.00 | 0.00 |
| Short Term Loans and Advances | 69.14 | 21.96 |
| Advances recoverable in cash or in kind | 25.99 | 21.72 |
| Advance income tax and TDS | 0.00 | 0.00 |
| Amounts due from directors | 0.00 | 0.00 |
| Due From Subsidiaries | 0.00 | 0.00 |
| Inter corporate deposits | 40.00 | 0.00 |
| Corporate Deposits | 0.00 | 0.00 |
| Other Loans & Advances | 3.15 | 0.24 |
| Total Current Assets | 992.32 | 522.90 |
| Net Current Assets (Including Current Investments) | 537.35 | 212.20 |
| Miscellaneous Expenses not written off | 0.00 | 0.00 |
| Total Assets | 1350.63 | 694.31 |
| Contingent Liabilities | 115.59 | 51.92 |
| Total Debt | 615.70 | 357.41 |
| Book Value | 51.38 | 27.81 |
| Adjusted Book Value | 51.38 | 27.81 |