File 2012-13

Annual Report 2012-13
Jindal Steel & Power Limited

Partnering
Indias
Asp|ranons
Cha|rperson Lmer|tus
Smt. Savitri Jindal
8oard of D|rectors
Shri Ratan Jindal
Director
Shri Naveen Jindal
Chairman
Smt. Shallu Jindal
Director
Shri Ravi Uppal
Managing Director & Group CEO
Shri K. Rajagopal
Ctoop cblef lloooclol O[cet & ultectot
Shri Dinesh Kumar Saraogi
wbole ume ultectot
Shri R.V. Shahi
Independent Director
Shri A.K. Purwar
Shri Arun Kumar
Shri Haigreve Khaitan
Shri Hardip Singh Wirk
Shri Sudershan Kumar Garg
Shri Ajit M. Ingle
(Nominee Director, IDBI Bank Ltd.)
Statutory Aud|tors
M/s S. S. Kothari Mehta & Co.
145-149, Tribhuwan Complex,
Ishwar Nagar, Mathura Road,
New Delhi - 110 065
Cost Aud|tors
M/s Ramanath Iyer & Co
808, Pearls Business Park,
Netaji Subhash Place,
Delhi - 110 034
Company Secretary
Shri T. K. Sadhu
Corporate Informanon
Way Forward
01-23
JSPL at a Glance
04 Founding Chairmans
Philosophy
05 Message from
Chairperson Emeritus
06 Building a Stronger JSPL
08 Coooate loennty
10 Chairmans Communiqu
12 Managing Director &
Group CEOs Review
14 Financial Highlights
16 Products Canvas
20 Retail Foray
22 Ensuring Raw Material
Security
Cperanona|
Review
24-68
24 Review of Pan-India
Coeanons
32 Group Company - Jindal
Power Limited
34 C|oba| Coeanons
40 Awaos ano 8ecogn|non
41 Human Capital
42 Corporate Social
Responsibility
62 Green Commitments
64 Board of Directors
66 Couo Lxecunve Comm|tee
68 Key Performance Indicators
Statutory
Reports
69-135
69 lonce o Annua| Cenea|
Meenng
78 Directors Report
90 Corporate Governance
Report
110 Management Discussion
and Analysis
122 Business Responsibility
Report
Financial
Statements
136-238
136 Standalone Financial Statements
190 Consolidated Financial Statements
Ind|a connnues to be one of the
fastest grow|ng econom|es of the
wor|d. 1he country's cons|stent
econom|c growth s|nce the
|ast decade has ||hed m||||ons
of peop|e out of poverty and
e|evated the|r qua||ty of ||fe. 8ut
growth needs to be supported by
robust |nfrastructure |n order to
be susta|nab|e. Stee| and energy
play a pivotal role in
th|s context.
As lno|a connnues |ts ouney
towards emerging as a two
trillion dollar economy with
consistent focus on social
usnce ano oanc|oatoy
growth, JSPL is partnering the
nanon's aso|anons.
We have been able to
accelerate measures that will
enable us to take advantage of
every opportunity in the global
stee| ano enegy |anoscaoe.
Cu comoennve stengt|s -
strategic global expansion,
stong o|st|bunon netwo|,
ooouct o|eennanon, aw
mate|a| secu|ty, ooeanona|
excellence and global
|nteganon - oos|non us we||
to help meet Indias long-term
soc|o-econom|c o|o|nes.
ve ae oatne|ng t|e nanon's
aso|anons by conoucnng
business in a manner that
protects and promotes the
safety and health of our
employees, those involved
w|t| ou ooeanons, ano t|e
commun|nes we wo| w|t|.
3
Invesnng
|n Ind|a's
Asp|ranons
S|| C.l. !|noa|, ounoe o one o lno|a's |agest
business conglomerates, had foreseen the innate
ootenna| o t|e county ano |ts oeoo|e. l|s conv|cnon
had inspired him to invest his resources and energy to
ceate econom|c ano soc|a| ooootun|nes o lno|a's
b||||on-o|us ooou|anon. !|noa| Couo ema|ns t|e
toc|beae o ||s v|s|on ano |n|nanves.
Cve t|e yeas, t|e Couo |as not ust ocuseo on
exoano|ng |ts bus|nesses nanona||y ano |ntenanona||y,
but |as a|so stengt|eneo |ts soc|a| e|evance. Soc|a|
stewardship was close to Shri Jindals heart and he
e|t t|at t|e mag|na||seo secnons o soc|ety must be
brought to the mainstream of growth and prosperity
t|oug| aoooo|ate |ntevennon. le be||eveo t|at
the private sector has as much role to play as the
govenment |n soc|a| uo||, because bus|nesses suv|ve
and thrive with the material and human resources that
t|e soc|ety geneates.
JSPL, under the visionary leadership of Shri Naveen
!|noa|, |s o|ay|ng a o|vota| o|e |n tans|anng t|at
v|s|on |nto a v|bant ea||ty. !SlL |s oatne|ng lno|a's
aso|anons to emege as one o t|e oogess|ve
economies of the world with focus on social equity and
cae o t|e env|onment.
Shr| C.. I|nda|
Founding Chairman
Over the years, the
Group has not just
focused on expanding
its businesses
nauonally and
lnLernauonally, buL
has also sLrengLhened
lLs soclal relevance.
4
Insp|r|ng
Leadersh|p
Smt. Sav|t| !|noa| |s t|e cata|ync oce be||no t|e
|mo|ementanon o t|e |oeas o S|| C.l. !|noa|. S|e
puts her energy in drawing a feasible roadmap to
help achieve rapid socio-economic development of
t|e nanon t|oug| t|e |ntevennon o !|noa| Couo.
unoe |e stewaos||o t|e Couo |as |n|nateo
mu|no|e commun|ty outeac| oogammes. 1|ese
oogammes |age|y ocus on eoucanon, |ea|t|cae,
ano emo|oyment geneanon o oeoo|e at t|e botom
o t|e soc|a| oyam|o. lnso|eo by |e gu|oance ano t|e
oveac||ng v|s|on o S|| C.l. !|noa|, !SlL |as maoe
cons|oeab|e st|oes |n commun|ty uo||ment |n an
env|onmenta||y susta|nab|e manne.
Smt. Savitri Jindal
She puts her energy
ln drawlng a feaslble
roadmap Lo help
achieve rapid
socio-economic
developmenL of Lhe
nauon Lhrough Lhe
lnLervenuon of !lndal
Croup. under her
stewardship the Group
has lnluaLed muluple
community outreach
programmes.
Founding Chairmans
Philosophy
Message from
JSPL at a Glance Statutory Reports Financial Statements Coeanona| 8ev|ew
5
8u||d|ng a Stronger ISL
|ant-w|se Capac|nes
M|n|ng Assets
Steel Capacity 2.4
M1lA
>
2008
3
M1lA
>
2013
15
M1lA
>
2020
333
MW
>
2008
2,457
MW
>
2013
10,000
MW
>
2020
Power Capacity
4.5
M1lA
>
2013
9
M1lA
>
2020
Pellet Plant
3 M1lA 1.37M1lA 1.7 M1lA 4.5 M1lA 1.6 M1lA 1.5 M1lA
Integrated steel
plant at Raigarh,
C||amsga|
12 M1lA
Coa| M|n|ng, C||amsga|
Sponge iron
plant at Raigarh,
C||amsga|
2 M1lA
Iron Ore mining, Odisha
Hot metal
at Raigarh,
C||amsga|
1 M1lA
Anthracite Coal mining,
South Africa
Pellet plant at
Barbil, Odisha
Wire Rod & Bar
Mill at Patratu,
Jharkhand
HBI Plant at
Sohar, Oman
6
1.5
M1lA
>
2013
Hot
8r|queued Iron
15
M1lA
>
2013
Iron Ore and
Coa| M|n|ng
15,000
>
2013
* No. of employees with JSPL
Intellectual
Capital*
9
Lacs+
>
2013
* |tooq| sosto|oo||||t, octv|tes (|eo|t|, eJocotoo, eop|o,oeot, te|o||||totoo ooJ |oftosttoctote, ooooq ot|ets)
Number of L|ves
1ouched*
Building a Stronger JSPL
7
ISL |s a US53.S b||||on cong|omerate and |s among the country's
fastest and |argest grow|ng |ntegrated stee| manufacturers. We
are a|so s|gn|hcant|y present |n m|n|ng, power and |nfrastructure
segments, cater|ng to a |arge part of Ind|a's domesnc energy
and |nfrastructure requ|rements. Cur bus|ness operanons span
across As|a, Afr|ca and Austra||a. In [ust one and a ha|f decades of
operanons, we have cons|derab|y expanded our presence |n the
g|oba| |andscape.
1o be a globally admlred organlsauon
LhaL enhances Lhe quallLy of llfe of
all sLakeholders Lhrough susLalnable
lndusLrlal and buslness developmenL.
Vision
Creanng Va|ue kespons|b|y
Cvev|ew o 3 M1lA stee| o|ant at 8a|ga|, C||amsga|
8
We aspire to achieve business excellence through:
1|e so||t o enteoeneus||o ano |nnovanon
Conmum un||sanon o esouces
Susta|nab|e env|onment-|eno|y ooceoues ano oacnces
1|e ||g|est et||cs ano stanoaos
Hiring, developing and retaining the best people
Maximising returns to stakeholders
los|nve |moact on t|e commun|nes we touc|
Mission
Passion for People
Business Excellence
Integrity, Ownership and Sense of Belonging
Sustainable Development
Values
Coooate loennty
9
Cha|rman's Commun|qu
uear Shareholders,
1he asplrauons of a
growing India have
not been impacted by
economlc roadblocks. ln a
paruclpaLory democracy,
each and every person
across Lhe soclal pyramld
can asplre for a beuer
quallLy of llfe, and Lhe
nauon ls commlued Lo
make Lhose asplrauons a
palpable reallLy.
naveen !lndal
10
THE STEEL SECTOR |as an |mootant coe|anon w|t|

nanona| oosoe|ty. 1|e oemano o stee| w||| connnue to gow
as economic growth touches the lives of millions of people
acoss lno|a.
AT JSPL, we |ave amb|nous o|ans o t|e utue. ve o|an to

en|ance stee| oooucnon to 1S M1lA (om 3 M1lA) ano oowe
geneanon caoac|ty to 10,000 Mv (om aouno 2,S00 Mv) by
2020.
As more than a billion people move ahead in unison, JSPL
be||eves |n t|e stengt| o t|e| aso|anons ano ocuses |ts eots
to |e|o acce|eate susta|nab|e soc|o-econom|c gowt|. ve ae
awae o t|e c|a||enges a|eao, but ou conv|cnon |n t|e nanon's
|ong-tem ootenna| connnues to be stong.
1|e g|oba| econom|c |anoscaoe ou|ng l? 2013 o|o not
oemonstate any un|om oaten. Accoo|ng to t|e lMl, t|e
wo|o w|tnesseo a t|ee-soeeo econom|c ecovey |n l? 2013.
v|||e Luooe |angu|s|eo unoe t|e buoen o esca|anng oebt
ano sca| |mba|ances, t|e uS economy connnueo to s|ow s|gns
o encouag|ng gowt| on a|| v|ta| macoeconom|c oaametes.
1|e oeve|oo|ng econom|es eoesent anot|e s|oe o t|e
soectum. 1|ey wee es|||ent to g|oba| |eaow|nos ano connnueo
to gow ou|ng t|e yea, even t|oug| mooeate|y. C||na |s sn||
a|eao o t|e ace, o||oweo by lno|a ano ot|e u8lCS nanons.
lno|a's econom|c gowt| ate |s sn|| moe t|an most oats o t|e
world, and it has been achieved in an environment of persistent
g|oba| econom|c vo|an||nes. 1||s |s a commenoab|e eot,
a|t|oug| t|ee |s no oom o como|acency ano eots must
be |n|nateo to acce|eate momentum |n t|e coe sectos o t|e
economy, w||c| w||| oave t|e way o tenay secto gowt|.
1|e stee| secto |as an |mootant coe|anon w|t| nanona|
oosoe|ty. 1|e oemano o stee| w||| connnue to gow as
economic growth touches the lives of millions of people across
lno|a. Cu county's tota| caoac|ty |s now 90 m||||on tonnes ano
t|e oooucnon o n|s|eo stee| |s about /8 m||||on tonnes. Stee|
demand is expected to increase by 8-9% annually in the years to
come. l be||eve, by 2020, lno|a's cumu|anve stee| oemano w||| be
|n excess o 130 m||||on tonnes.
1|e above actos usny ou easons o caoac|ty exoans|on
ano t|e |ntooucnon o va|ue-aooeo oooucts |n ou oouo||o.
Cu ooacnve bac|wao |nteganon |nto coa| ano |on oe, ano
owao |nteganon |nto va|ue-aooeo oooucts |||e beams, a||s,
plates, rebars and wire rods, among others have propelled our
bus|ness gowt|. 1|e esu|t |s t|at om be|ng a ` 450-plus crore
enterprise in 2001, we have now emerged as a ` 20,000-crore
Comoany.
At !SlL, we |ave amb|nous o|ans o t|e utue. ve o|an to
en|ance stee| oooucnon to 1S M1lA (om 3 M1lA) ano oowe
geneanon caoac|ty to 10,000 Mv (om aouno 2,S00 Mv) by
2020. 1||s wou|o be bac|eo by ou own coa| ano |on oe m|nes
nanona||y ano |ntenanona||y. ve ae v|goous|y |mo|emennng
ou 'v|s|on 2020' ano oesee ve nmes gowt| |n tems o
evenue ano caoac|ty. Coeanona| emc|ency w||| a|so connnue to
be ||g| on t|e ||st o o|o|nes. Moeove, we enteeo t|e eta||
ma|et w|t| 1M1 8ebas w|t| t|e bano name !|noa| lant|e,
env|s|on|ng |uge ooootun|ty |n t||s segment.
JSPLs achievement is the triumph of our dedicated professionals,
w|o ema|n ou most va|uab|e assets. ve ae |n|nanng va|ous
oogammes to en|ance t|e| s||||s ano exoense. ve |ave
also created a culture of strong ethics and transparency in
t|e ogan|sanon. 1||s |s a oat o ou |e|tage as an C. l. !|noa|
Couo Comoany.
At !SlL, bus|ness |n|nanves ano commun|ty eots move a|eao
|n oeect |amony. ve o|ve mu|no|e commun|ty |n|nanves,
ocus|ng on eoucanon, ag|cu|tue, an|ma| |usbanoy, wate
resource management, infrastructure development, on-farm and
o-am ||ve|||ooo en|ancement, |ea|t| ano am||y we|ae, ano
women emoowement.
We are a young Company and we are partnering the dynamism
o a young lno|a, w|ee moe t|an |a| o t|e ooou|anon |s
be|ow t|e age o 30. At !SlL, we w||| connnue to ocus on eots
to |eveage t|e temenoous ootenna| o ou county's yout|
b|gaoe ano |e|o ceate aoequate suooot |nastuctue.
Our green strategy will also play a key role in every aspect of
va|ue ceanon.
Cn be|a| o t|e uoao o L|ectos ano t|e enne |eaoes||o
team at JSPL, I want to thank our shareholders, customers,
business associates and the wide fraternity of stakeholders
for keeping faith in our ability to create value even in
c|a||eng|ng nmes.
naveen !lndal
Chairman
Chairmans Communiqu
11
Manag|ng D|rector & Group CLC's kev|ew
Dear Friends,
ln a challenglng economlc
scenario, we are
performlng wlLh a long-
term vision of partnering
a fasL developlng lndla. ln
FY 2012-13, we reported
8.68 growLh ln neL
revenues, which stood at
` 19,943.20 crore. 1hls
was contributed by our
expandlng capaclues,
sustained moderate
demand for our products
and enduring customer
relauonshlps.
8avl uppal
12
LLVLkAGING CUk 8kAND, we too| !SlL 1M1 bas

c|ose to t|e eno use. ve cuent|y |ave moe t|an 600 oea|es
ooeanng acoss t|e county. ve ae stengt|en|ng ou new|y
omeo bus|ness venca| ano o|an to exoano |t stateg|ca||y |n
t|e next two yeas.
ISL IS AS GCCD AS t|e so||t o |ts oeoo|e. 1|e|

|ao wo| ano oeo|canon |ave |e|oeo ceate t||s geat
enteo|se. ve ae conoent t|at ou utue-ocuseo stateg|es
will serve the best interests of our customers, employees and
s|ae|o|oes. l wou|o |||e to t|an| eac| o ou sta|e|o|oes o
t|e| suooot ano comm|tment ove t|e yeas.
Cu |ong-tem v|s|on connnues to |nso|e ou exoans|on o|ans
|n bot| stee| ano oowe bus|nesses. 1|ese exoans|on o|ans
w||| oos|non us w|t| geate sca|e, en|anceo ootab|||ty ano
|ong-tem susta|nab|||ty o ou bus|ness. ve |ave bu||t a cost
aovantage, w||c| ma|es us one o t|e most comoennve o|ayes
|n t|e |nousty tooay. ve |ave a|so set uo a coa| was|ey un|t to
en|ance t|e oooucnv|ty o coa| |||ns. Cu caonve oowe o|ant
uses waste fue gases, coa| was|ey eects ano c|a (a waste
ooouct) geneateo om soonge |on.
Leveag|ng ou bano, we too| !SlL 1M1 bas c|ose to t|e eno
use. ve cuent|y |ave moe t|an 600 oea|es ooeanng acoss
t|e county. ve ae stengt|en|ng ou new|y omeo bus|ness
venca| ano o|an to exoano |t stateg|ca||y |n t|e next two yeas.
ve |ave ||neo uo a s|ew o |ntenanona| ano oomesnc |n|nanves.
1ooay, ou stee| ma||ng caoac|ty stanos at 3 M1lA, w||c| |s
s|ateo to ooub|e to / M1lA by 2014. lt |s a|so exoecteo to touc|
11 M1lA by 201S ano 1S M1lA by 2020. lav|ng t|e wo|o's
|agest coa|-baseo soonge |on manuactu|ng ac|||ty (1.3/
M1lA) at 8a|ga| ano 2 M1lA caoac|ty o |ong oooucts, we
ut|e extenoeo ou |nteganon am.
Cu geene|o exoans|on |s a|so on tac| w|t| t|e 6 M1lA
o|ant at Angu|, Co|s|a. Stee| Me|t S|oo ano o|ate m||| |ave
been comm|ss|oneo, ano t|e est o t|e ooects ae unoe
|mo|ementanon ano w||| be eaoy by 2016. Anot|e 6 M1lA o|ant
is also being set up at Patratu, Jharkhand of which two rolling
m|||s o 1.6 M1lA ae a|eaoy ooeanona|. ve ae exoano|ng ou
oowe caoac|nes om 2,S00 Mv to 4,300 Mv by 2014 ano to
10,000 Mv by 2020. 1o a||gn w|t| t|e above exoans|on o|ans,
we secured ourselves in terms of raw materials, not only from
oomesnc souces, but a|so om |ntenanona| eg|ons.
While we have extensive expansion plans to co-create
stakeholder value, we are also taking steps to safeguard the
env|onment. ve ensue a c|ean, geen ano |ea|t|y env|onment
|n t|e aeas o ou ooeanon. ve wo| towaos ac||ev|ng an
env|onment, w||c| |s ee o oo||unon (a|, wate ano so||o
waste). Cu oeo|cateo 88L team |e|os |n |oenny|ng va|ous
oo||unng actos ano coesoono|ng|y oeve|oo oocesses to
aooess t|ose actos. !SlL s|a|| connnue to ousue t|ese
|n|nanves ano oatne t|e county's geen oeve|ooment.
!SlL |s as gooo as t|e so||t o |ts oeoo|e. 1|e| |ao wo| ano
oeo|canon |ave |e|oeo ceate t||s geat enteo|se. ve ae
conoent t|at ou utue-ocuseo stateg|es w||| seve t|e best
|nteests o ou customes, emo|oyees ano s|ae|o|oes. l wou|o
like to thank each of our stakeholders for their support and
comm|tment ove t|e yeas.
8avl uppal
Managing Director & Group
CEOs Review
13

erform|ng for
the Long 1erm
Compos|non of revenue |n 2012-13
12-13 4,595
S,S/S
5,115
4,/60
4,194
11-12
10-11
09-10
08-09
Cash roht
` in Crore
12-13 2,912
4,002
3,804
3,635
3,00/
11-12
10-11
09-10
08-09
PAT ` in Crore
12-13 6,131
6,935
6,398
5,908
5,232
11-12
10-11
09-10
08-09
Cperanng roht ` in Crore
12-13 19,943
18,351
13,194
11,152
10,913
11-12
10-11
09-10
08-09
Net Income ` in Crore
14
12-13 31.13
42.42
40.22
39.0S
32.44
11-12
10-11
09-10
08-09*
EPS (annualised) (`)
12-13 31
38
48
53
48
11-12
10-11
09-10
08-09
Cperanng roht Marg|n (%)
12-13 15
22
29
33
28
11-12
10-11
09-10
08-09
A1 Marg|n (%)
12-13 160
160
150
125
110
11-12
10-11
09-10
08-09*
D|v|dend kate (%)
* NotmollseJ oo occooot of lssoe of booos sbotes lo tbe touo of 5.1 Jotloq 2009-10
Financial Highlights
15
Wide Products Canvas
Grades
IRS 52, UIC 54, UIC 60, CR 80 and CR 100
S|ze range
Up to 121 m
App||canon areas
8a||way tac|s (o ||g| soeeo ta|ns), a||way s|o|ngs o oowe
o|ants, ene|es, cement, en||se ano stee| o|ants. Cane
rails for ports and harbours, factories, mines, launch pads and
s||oyaos.
Rails
Grades
500, 500D, 550, 550D, 600 and CRS
S|ze range
6 mm to 40 mm
App||canon areas
Concete e-enocement stuctues, b|oges, fyoves, oams,
skyscrapers, industries, roads and tunnels, used in coastal
aeas (oue to coos|on es|stance) ano eat|qua|e zones
1M1 kebars
Grades
UB, NPB, WPB and IPE series
S|ze range
180 mm to 900 mm
App||canon areas
8ene|es, a|oots, fyoves, meto a|| ooects, s|ooo|ng
malls, power plants, stadiums, cement & steel plants and
|noust|a| s|eos, among ot|es.
ara||e| I|ange 8eams & Co|umns
16
Grades
MS, MC & HC, EQ, Boron and other Alloy Steel
S|ze range
S.S mm to 22 mm
App||canon areas
Fasteners, bolts, rivets, screws, general purpose wires,
electrode wires, industrial wires, agriculture wires, CAQ,
bus| w|es, c|a|n |vet w|es, cyc|e soo|es, w|es o ||s,
staple pin wire, ACSR tyre and hose reinforcement wires,
pre-stressed concrete wire, springs and rope wires, needle
wires, safety-pin wires, ball bearing, earth wires, screw,
astenes, bus|, soc|et, connecnng oo, s|a, gea, |vets,
eng|ne s|a, connecnng oo, so|no|es ano geas, we|o|ng
e|ectooes ano bea|ngs.
Wire Rods
1h|ckness
Plates: 5 mm to 150 mm
Coils: 5 mm to 25 mm
W|dth
Plates: Up to 5000 mm
Co||s: 1.S mm to 2.S mm
App||canon areas
Cenea| eng|nee|ng, stuctua| ab|canon, ||-tens||e ano
micro-alloyed grades, pressure vessel and boilers, bridges
ano fyoves, coos|on-es|stant aoo||canons, a||way
wagons, o|| 8 gas o|oe||nes ano s||obu||o|ng.
Plates and Coils
Products Canvas
17
Ang|es
50 mm to 250 mm
Channe|s
100 mm to 400 mm
App||canon areas
lowe secto, |nastuctue constucnons, stee| ano cement
o|ant constucnon, tansm|ss|on ||ne towe / te|ecom ||ne
towes, ab|canon, bus/tuc| boo|es, e|ect|ca| towes (SLu/
8a||ways), |noust|a| s|eos, commec|a| 8 |no|v|oua|s |ouses,
among ot|es.
Ang|es and Channe|s
Grades
Available Joist Depth:
200 mm, 250 mm, 300 mm, 350 mm, 400 mm
M|n|mum ?|e|o Stengt| o Stee| - 3S0 Mla
M|n|mum .|nc Coanng - 2/S CSM
D|mens|on
Steel frame structures, RCC frame buildings, Poured in
situ or precast concrete frames, Light gauge steel frame,
Convennona| stuctua| b|c| wa|| constucnons ano so on.
Speed Floor
Grades
l-tyoe ueams, l-tyoe ueams, uox Secnons ano Sta Co|umns
D|mens|on
veb (Leot|): 3S0 mm - 3000 mm
Flange Width: 250 mm - 1000 mm
Length: 3 to 18 Meter
veb 1||c|ness: 6 mm - 40 mm
l|ange 1||c|ness: 6 mm - 80 mm
App||canon areas
Large support columns and beams for manufacturing and
process plants, airports, high-rise buildings, power plants,
stao|a ano fyoves.
Wide Products Canvas
Iabr|cated Structures
18
S|ze range
1M1 ba o|amete useo: 6 mm -12 mm
Aperture: 50 mm -200 mm
Width: 1200 mm to 3200 mm
Length: 2000 mm to 6000 mm
App||canon areas
ve|oeo v|e Mes| |s a new ano emc|ent ooouct, w||c| |s
a|meo to exoeo|te t|e constucnon oocess. lt |s a oocesseo
steel product that consists of rebars welded together to form
a g|o oaten.
use o ve|oeo v|e Mes| eouces constucnon nme
cons|oeab|y as |t e||m|nates acnv|nes |||e cumng, ma||ng
ano soac|ng o bas ano b|no|ng o w|es to t|e bas.
We|ded Mesh
S|ze range
As per drawings provided by the customer
ua o|amete useo - 6 mm to 40 mm
App||canon areas
Used along with reinforcement bars in all RCC structures,
suc| as bu||o|ng, a|oots, meto a|| ano so on.
Cut and 8end 8ars
Products Canvas
19
Stee| and Lnergy Determ|ne
Nanona| rosper|ty
Ind|a |s w|tness|ng connnued growth |n
|nfrastructure, wh|ch accounts for 11
of our nanona| GD. As a resu|t, there
|s a steady growth |n the construcnon
|ndustry powered by |arge spend|ng on
the hous|ng sector.
!SlL 1M1 ebas
1||s |as ue||eo t|e oemano o t|e e|noceo bas |n t|e
|no|v|oua| |ome bu||oe segment. 1o meet t||s bugeon|ng
neeo, !SlL |as oec|oeo to oay |nto eta||. Cu enty |nto eta|| |s
spurred with an aim to provide top quality reinforced bars to the
|ous|ng segment.
1wo-ner D|str|bunon Strategy
ve |ave oec|oeo to steo |nto eta|| t|oug| a two-ne
o|st|bunon mooe|. ve be||eve t||s aoooac| |s unoamenta| to
ac||ev|ng one o t|e |ey eta|| obecnves o eac| ano v|s|b|||ty.
1|e mooe| w||| be a|oeo by a obust ano l1-baseo Suoo|y C|a|n
Management so|unon o w||c| wo| |as a|eaoy begun.
1|e o|st|buto aooo|ntment |s be|ng oone |n a o|aseo manne.
ln ou st o|ase, we |ave aooo|nteo 12 o|st|butos cove|ng
s|x states. ve o|an to cove t|e enne county w|t|
aooox|mate|y 40 o|st|butos. ln a steaoy state, ou oea|e
network will reach about 3000 dealers covering each of the
6/1 o|st|cts acoss
Launc|eo ou new eta|| 1M1 bano
20
t|e nanon.
Creanng the 8rand
1|e 1M1 eta|| ma|et on suoo|y s|oe |s c|aacte|seo by an
unusually large number of suppliers from the secondary steel
segment. 1||s |as |eao to a ||g||y commoo|nseo oeceonon o
t|e ooouct |ac||ng o|eennanon. 1o ceate o|eennanon, we
have decided to engage world renowned brand gurus to guide
us ano |e|o us ac||eve a comoe|ens|ve bano stategy.
Cu commun|canon stategy a|ms to be |nomanve as we||
as o|suonve |n t|e sense t|at |t quesnons o|o convennons
and seeks new vistas of opportunity to endear the new-age
custome. lt |s |mootant to unoeta|e an |nomanve camoa|gn
to educate the customers about the importance of using the
|g|t qua||ty 1M1 as |t oms t|e bac|bone o t|e stuctue.
Cu eots |ave been seam|ess|y |ntegateo w|t| ou 8eta||
loennty logamme, w||c| |nc|uoes |n-s|oo as we|| as outooo
bano|ng acnv|nes.
Salient Product Features
!SlL's 1M1 bas ae ooouceo |n one o t|e wo|o's most
advanced and modern MORGAN rolling mill, deploying the
latest thermo mechanical treatment technology known as
l?S1- l|g| ?|e|o uenc||ng ano Se| 1emoe|ng. 1|e m||| |s
oes|gneo w|t| |eve| two automanon oocess |av|ng
oe-oogammeo oooucnon uncnons |eao|ng to ||g||y un|om
ano cons|stent ooouct oooenes. Some o t|e |ey eatues o
!SlL 1M1 ebas ae:
High yield strength and toughness
High earthquake resistance
High corrosion resistance
uete oucn||ty
More bonding strength
High thermal resistance
Co|nay e|ectooes useo o we|o|ng o|nts
lo |oss |n stengt| at we|oeo o|nts
Moe econom|ca| on account o bete we|g|t
to stengt| ano
Un|que Serv|ce Cer|ngs
Keeping the requirements of end consumers in mind, we have
oes|gneo a un|que set o sev|ce oe|ngs ||t|eto not oeeo
by any lno|an ma|n stee| ooouce. 1||s w||| |nc|uoe:
vo|o-c|ass 1M1 ebas t|at ae u||y ooouceo |n
!SlL-owneo m|||s (no conves|on oute oooucnon)
Free home delivery
Se|||ng on xeo o|ces
Conon to buy on |engt| as we|| as we|g|t bas|s
Access to a w|oe netwo| o o|st|bunon
Year 2012-13 2013-14 (E) 2014-15 (E)
Number of distributors 12 35 40
Number of dealers 600 1,500 3,000
8evenues om eta|| (coe) 150 6/S 1,080
Retail Foray
21
Stee| and Lnergy Dehne rosper|ty
for a Grow|ng Nanon
Ind|a's tr||||on-do||ar economy needs stee| and energy
resources to grow and e|evate the qua||ty of ||fe of
over a b||||on peop|e. At ISL, we have s|gn|hcant|y
|nvested to ensure raw mater|a| ava||ab|||ty for a
nanon on the move.
Raw material handling process
22
We have acquired various mines in various countries across
A|ca o coa|, |on oe ano coooe esouces. ve |ave a|so
acquired iron ore and coal mines in Australia and Indonesia,
w|t| a s|gn|cant |nvestment. v|t| gooo |og|snca| connecnv|ty,
these mines provide the perfect resource base
to ac||eve !SlL's v|s|on 2020.
Current Capacity: 3 M1lA
2014: 7 M1lA, as plants in Angul in Odisha and Oman will
come on stream
2015: 11 M1lA, when next phase of Angul will get
commissioned
2020: 15 M1lA, |nc|uo|ng 2-2.S M1lA oveseas
Current Capacity: 2,457 MW
2014: 5,000 MW
2015: 5,600 MW
2020: 10,000 MW
Steel
Power
Vision
2020
Molten steel pouring
Ensuring Raw Material Security
23
Pan-India Prominence
8algarh, Chhamsgarh 8alpur, Chhamsgarh
Locauon
LAN1 DL1AILS
State-of-the-art steel plant with a
oooucnon caoac|ty o 3 M1lA stee|
Worlds largest coal-based sponge iron
manufacturing plant
Heavy machinery division
catering to all the
requirements of equipment
and spares for steel, mining
and power plants
ACCkLDI1A1ICNS
kLCLIVLD
GL approval for shipbuilding quality
plates
RDSO approval for supply of plates
BIS approval of medium and light
structural mill products
PGCIL approved for structural products
ClS S91/82
Quality Management
Systems (lSC 9001:2008)
Environmental Management
System (lSC 14001:2004)
Cccuoanona| lea|t| ano
Saety (ClSAS 18000:200/)
lno|an uo||e 8egu|anon (lu8)
kCILC1S UNDLk
IMPLEMENTATION
Co||ng Coa| was|ey o 1 M1lA
CAACI1 DL1AILS
Soonge lon: 1.3/ M1lA
Stee|: 3.0 M1lA
l|g |on: 1.6/ M1lA
8a|| ano un|vesa| beam m|||: 0./S M1lA
l|ate m|||: 1.0 M1lA
Meo|um ano ||g|t secnon m|||: 0.6 M1lA
lab|cateo stuctues: 0.12 M1lA
leo a||oys: 36,000 1lA
Power: 893 MW
Mac||ney ano Casnngs:
11,S00 1lA
lgnots: 30,000 1lA
Cl Casnngs: 3,000 1lA
24
aLraLu, !harkhand Angul, Cdlsha 8arbll and 1ensa, Cdlsha
A wire rod mill and bar mill
w|t| a caoac|ty o 1.6 M1lA
w|t| ooooseo caonve oowe
Integrated state-of-the-art steel
o|ant o 2 M1lA w|t| un|que
comb|nanon o Syn Cas L8l ano
caonve oowe. loooseo to be
exoanoeo to 6 M1lA
A 4.S M1lA mu|no|e-gaoe
pellet plant at Barbil and a
3S0 1ll cus||ng o|ant o
|on oe at 1ensa
Tensa
lSC 9001:2008 (MS)
lSC 14001:2004 (LMS)
ClSAS 18001:200/
Cencate o eg|stanon o
lSC/1S 16949
Ceneo w|t| lSC
9001:2008
Ceneo w|t| lSC 14001
Ceneo w|t| ClSAS 18001
Environmental clearances and
Forest Clearance from the
Ministry of Environment and
Forest
Coa| vas|ey: 1.2 M1lA
Soonge lon baseo on coa| gas|canon:
1.8 M1lA
Coa| Cas|canon l|ant: 22S,000 lm
3
/|
SMS: 2.S M1lA
lowe: 2/0 (13Sx2) Mv
le|||nsanon o|ant: 4.S M1lA
v|e 8oo: 0.6 M1lA
ua M|||: 1.0 M1lA
l|ate M|||: 1.S M1lA
Fabricated structure: 84,000 tonnes
lowe: S40 (13Sx4) Mv
8arbll
le||ensanon o|ant: 4.S M1lA
Tensa
lon oe m|n|ng: 2 M1lA
Review of Pan-India
Coeanons
JSPL at a Glance Statutory Reports Financial Statements Cperanona| kev|ew
3 M1lA Stee| l|ant
1,320 MW Mega
Power Plant
25
ka|garh, C||amsga|
n|gh||ghts, 2012-13
8eac|eo 3 M1lA o cuoe stee| oooucnon
1|e b|ast unace connnueo to ooeate
at more than 100% of its rated capacity
8ecooeo t|e ||g|est stee| o|soatc| o ove 3 M1lA
1ouc|eo a ||g|est aveage o|soatc|
rate of 11,116 tonnes per day
Ac||eveo s|gn|cant en|ancement |n o|ves|on ates ano
w|tnesseo a qua||tanve |moovement |n oooucts
Recorded a cost saving of ` 90 coe on account o oos|nve
improvement in quality and processes
Overview
1he sLeel maklng planL, wlLh up Lo 3 M1A capaclLy, ls Lhe
world's largesL coal-based sponge lron manufacLurlng faclllLy
wlLh sLaLe-of-Lhe-arL machlnery.
v|ew o t|e stee| o|ant at 8a|ga|, C||amsga|
erformance Snapshot
(t|ousano tonnes)
arncu|ars 2012-13 2011-12
Sponge Iron 1,320 1,320
Semi Steel Products
M.S. 8ouno 403 482
Other Semi Steel Products 2,621 2,2//
3,024 2,759
l.C. leo C|ome/S|||co
Manganese
34 23
I|n|shed Stee| roducts
laa||e| l|ange ueam/Co|umns 431 500
Other Finished Steel Products 94 /0
525 570
un|vesa| l|ate/Co|| /00 /29
Meo|um 8 L|g|t Secnons 2/2 186
Sinter 2,3/2 2,226
Coke Oven /49 /46
LDP 339 324
26
00
Parallel Flange Beam rolling at Raigarh
Jindal Cement plant at Raigarh
Overview
1|e !|noa| Cement o|ant uns on s|ag ano fy as|. lt |as been set
uo to un||se wastes geneateo ou|ng stee| manuactue. 1|e
plant was established to manage solid waste generated from
stee| ano oowe o|ants ano to oocess t|em |nto cement (|nown
as lot|ano S|ag Cement). 1|e Comoany stateo w|t| a g|no|ng
caoac|ty o 0.S M1lA |n 2010. lt o|ans to aoo anot|e 1.2 M1lA
c||n|e un|t to |ncease t|e g|no|ng caoac|ty by 2 M1lA. 1|e
cement manuactueo |s so|o unoe t|e bano !|noa| Cement.
Jindal Cement
n|gh||ghts, 2012-13
Ac||eveo oooucnon as oe ateo caoac|ty
Reduced the power cost per tonne to arrive at an overall
reduced cost per tonne
l|ans to |ncease t|e caoac|ty by anot|e 2 M1lA |n t|e
coming years
Review of Pan-India
Coeanons
27
Raipur, C||amsga|
n|gh||ghts, 2012-13
Produced 14,443 tonnes against 11,585 tonnes in 2011-12
8ece|veo cencanon o ClSAS 18000:200/ |n aoo|non to
ex|snng cencanon o lSC 9001:2008 ano lSC 14001:2004
Received approval from Petroleum and Explosive Safety
Cgan|sanon (lLSC) to manuactue uneo lessue vesse|
(lon-cyogen|c)
Ln|c|eo |ts ooeanona| emc|enc|es by ece|v|ng aooova|
from IBR for manufacturing pressure parts and valves
Expanded its working ambit by increasing the covered shed
area by 9,159 square metres
Designed successfully and delivered 450 mt Hot Metal Ladle
Cane ano 2S0 mt Lao|e 1anse Ca
Overview
JSPLs heavy machinery division at Raipur caters to all the
requirements of equipment and spares of steel, cement, mining
and power plants of the group and other similar industries; both
|n lno|a ano aboao. lo||ow|ng t|e cuent exoans|on o wo||ng
aea (by ove 9,000 squae mete o wo||ng s|eo aea), t|e
o|v|s|on |as stengt|eneo |ts o|auom to aooess t|e neeos o
s|m||a |noust|es |n lno|a ano acoss t|e wo|o.
S|oofoo o mac||ney o|v|s|on at 8a|ou, C||amsga|
28
Patratu, Jharkhand
n|gh||ghts, 2012-13
Como|eteo t|e comm|ss|on|ng o a||way s|o|ng o /.2 |m
Commissioned the Rebar Service Centre with a ` 2.S-coe
investment
Conducted a surveillance audit to renew various
env|onment ano saety e|ateo cencanons
8ece|veo cencanon o w|e oos ano ouno oooucts w|t|
lSC/1S 16949 ano ulS cencanon
Overview
1|e latatu o|ant |s a geene|o ooect o 6 M1lA stee| o|ant
ano 1,320 Mv oowe o|ant. 1|e st o|ase o 3 M1lA, a w|e
oo m||| ano a ba m||| |ave a|eaoy stateo oooucnon.
Moreover, the plant added cut and bend, and electro-weld
mes| oocesses to |ts w|e ano ba m||| oooucnon ac|||ty.
1|ese sev|ce un|ts wee comm|ss|oneo |n Seotembe ano
Lecembe, esoecnve|y.
Wire Rod mill at Patratu, Jharkhand Wire Rod manufacturing at Patratu, Jharkhand
erformance
Product Wire Rod Mill 8ar M|||
roducuon per annum (Lonnes) 3,24,940 3,22,039
PlghesL producuon achleved ln a day ln 2012-13 (Lonnes) 1,789 3,292
?leld per monLh () 97.27 97.31
ulspaLch per annum (Lonnes) 3,03,440 2,92,487
Review of Pan-India
Coeanons
29
Angu|, Odisha
Overview
An |ntegateo stee| o|ant (o 12.S M1lA caoac|ty) |as been
o|anneo to be estab||s|eo |n o|ases |n Angu|, Co|s|a. lt |s a|so
exoecteo to |ave a 2,600 Mv o caonve oowe geneanon
caoac|ty. 1|e ooect, one-o-|ts-||no |n t|e state, tagets to
como|ete t|e mao ac|||nes |n two o|ases.
n|gh||ghts, 2012-13
1|e coa| benec|anon o|ant w|t| 6.S M1lA caoac|ty |s
nea|ng como|enon
1wo un|ts o ||me ano oo|om|te o|ant w|t| S00 1lL caoac|ty
ae a|so nea|ng como|enon
1|e constucnon o a stee| me|nng s|oo (SMS) w|t| a
1.64 M1lA, a|ong w|t| t|e caste un|t exoecteo to be
completed by the second quarter of 2013-14
Stateo t|e commec|a| oooucnon o o|ate m|||, o|||ng out
t|e w|oest o|ate |n lno|a (16 mm t||c| x 4,8S0 mm w|oe)
Commissioned three out of six power units of 135 MW each
hase-II |ans
las o|ans |n oocess to exoano t|e 2 M1lA stee| caoac|ty
to 6 M1lA
l|aceo ooes o a|| mao o|ants ano equ|oment
Overview of integrated steel plant at Angul, Odisha
30
8arb|| & 1ensa, Odisha
Overview
!SlL's ooeanons ae w|oesoeao |n Co|s|a. A 4.S M1lA caoac|ty oe||et o|ant |s |ocateo at uab||, w|||e an |on oe m|ne |s |ocateo at
1ensa. uab||'s oe||et o|ant engages |n oy g|no|ng, w|t| ecuoeanon tyoe o sta|g|t gaoe |eat| |aye. 1|e Comoany |s aggess|ve|y
|nvo|veo |n us|ng a|tenanve ue|s at uab||, us|ng coa| gas|canon, eo|ac|ng ue|. At 1ensa, t|e Comoany |as moveo a|eao towaos
ac||ev|ng bac|wao |nteganon ano secueo |ts aw mate|a| souces.
n|gh||ghts, 2012-13 (8arb||)
looucnon o 4.02 M1lA, ooeateo t|e o|ant o ove
8,142 |ous aga|nst /,920 |ous t|e oev|ous yea
lmo|ementeo lMS ano ece|veo lSC cencanon |n
March, 2013
Ac||eveo ovea|| oooucnon w|t| zeo acc|oents ano no
||nea nme |nva|ant (L1l)
n|gh||ghts, 2012-13 (1ensa)
1|e m|ne at 1ensa |s we|| |nown o |ts comoennve aovantages
ano gooo |nastuctue oeve|ooment. lt |s ceneo w|t|
lSC 9001:2008 (MS), lSC 14001:2004 (LMS) ano ClSAS
18001:200/, w||c| ensue systemanc aoooac| acoss a||
ooeanons.
lon Ce le||ensanon l|ant at uab||, Co|s|a lon Ce M|ne at 1ensa, Co|s|a
Review of Pan-India
Coeanons
31
Ach|ev|ng Shared kesu|ts
Jindal Power Limited
C. l. !|noa| Suoe 1|ema| lowe o|ant at 1amna, C||amsga|
32
Overview
!|noa| lowe L|m|teo, one o lno|a's |eao|ng oowe geneanon
comoan|es, |as a|eaoy set uo a 1,000 Mv oowe ooect.
1|e ooect, |ocateo at 1amna, 8a|ga|, C||amsga|, |s t|e
st lnoeoenoent lowe l|ant |n t|e o|vate secto. 1|e o|ant
was ranked the second highest in the country for its plant load
acto (lLl) by Centa| L|ect|c|ty Aut|o|ty (CLA) |n 2011-12.
1|e Comoany a|eaoy |as o|ans to |nvest ` 13,410 crore for
aoo|nona| 2,400 Mv o oowe by 2013-14. ln aoo|non, |t
|as a|so s|gneo a o|nt ventue ageement w|t| lyoo lowe
Leve|ooment Coooanon o Aunac|a| laoes| L|m|teo
(llLCAlL) o a 6,100 Mv o |yoo e|ect|c|ty on a bu||o,
ooeate ano tanse bas|s.
n|gh||ghts, 2012-13
Ac||eveo a lLl o 91.01 w|t| geneanon o /,9/2.S2
million units
8an|eo as one o t|e best oowe stanons among t|e
county's 2S mao ooeanng stanons (accoo|ng to a|| lno|a
anng by CLA on lLl)
Group Company -
Jindal Power Limited
33
G||mpse of Cur G|oba| Cperanons
S|aoeeo lon 8 Stee| Co. LLC (S|aoeeo) a subs|o|ay, |as an
|nsta||eo caoac|ty o 1.S M1lA gas-baseo lul o|ant at So|a
lnoust|a| lot. !SlL |nvesteo uS$S2S m||||on o t|e above
mennoneo caoac|ty ano |s |n t|e oocess o aoo|ng ut|e
stee|ma||ng caoac|ty o 2 M1lA |n Cman. lt |s a|so env|sageo to set
uo a |ong ooouct m||| (ua M|||) o 1.4 M1lA caoac|ty to ma|e t|e
Cman o|ant as a u||y |ntegateo stee| o|ant.
!SlL |as oesence acoss Sout| A|ca, Mau|tan|a, Mozamb|que,
uotswana ano lam|b|a |n t|e A|can connnent. locuseo on
mining, the Company is extending its footprint into steel, energy
ano cement. 1|e bus|ness oeve|ooment team |as a|so set |ts
sight on mining coking coal, iron ore and high-value minerals,
suc| as coooe ano manganese.
Shadeed,
Oman
Jindal
Afr|ca
!SlL |as s|x 100 owneo coa| exo|oanon ooects |n
ueens|ano. 1|ese exo|oanon tenements ae soeao ove a
vey |age aea o moe t|an 1,300 sq. |ms w|t| ootenna| o
co||ng/lCl ano t|ema| coa|. 1|ese ae stateg|ca||y |ocateo |n
t|ee mao coa| bea|ng aeas o ueens|ano (uowen bas|n,
Suat bas|n ano Maybooug| bas|n) |n oox|m|ty to a|| ano
oot |nastuctue.
!SlL |as |nvesteo o t|e oeve|ooment o two geene|o
exo|oanon assets |n lnoones|a. uot| t|e m|nes ae |ocateo
w|t||n Centa| la||mantan lov|nce o lnoones|a.
Jindal
Australia
Jindal
Indonesia
key n|gh||ghts
Ac||eveo 20 gowt| |n tota| sa|es quannty ove t|e
previous year
Ac||eveo t|e ||g|est eve annua| oooucnon o
1S,19,/8/ tonnes
8eg|steeo a oot o uS$/0 m||||on o 2012-13
Conducted regular audits by SEU and the Ministry of
Lnv|onmenta| ano C||mate Aa|s (MLCA) w|t| no mao
obsevanons
key n|gh||ghts
Greenhe|d Deve|opment
Commenceo o||||ng on 1uan vest ooect (LlC 22/4) |n t|e
Maryborough region; moreover, a seismic survey of 110 kms
was conducted in November 2012, a total of about 6,000
mts o o||||ng |s o|anneo |n t|e st o|ase ano baseo on t|e
outcome o t|e o||||ng acnv|nes, oe-eas|b|||ty acnv|nes
shall start from early 2014
S|gneo lanve 1|t|e ageement w|t| uutc|a||a lanve 1|t|e
|o|oes o Maybooug| Sout| LlC 22S0, t||s exo|oanon
ooect |s |mmeo|ate|y east o LlC 22/4, ae como|enon
o o||||ng acnv|nes on LlC 22/4, bot| ooects s|a|| be
comb|neo as one s|ng|e ooect
Shadeed, Oman
Jindal Australia
Shadeed Iron & Steel plant at Oman
!SlL team v|s|t to Cuaat l8L m|ne, Austa||a
36
S|te exo|oanon acnv|nes o|anneo o L|ngo ooects (LlC
20/0 ano 200S) ano Suat uas|n ooect (LlC 2024), cu|tua|
|e|tage, |ano access |ssues ae be|ng oogesseo.
An oonon ageement s|gneo w|t| l|tzoy lot tem|na| o
5 million tonnes of port capacity
Investment in ASX Listed Companies
!SlL (t|oug| |ts subs|o|a|es) |nceaseo |ts sta|e to 31.49
t|oug| an ooen oe (oe c|oseo on 29t| Mac|, 2013)
|n Cuaat l8L Co||ng Coa| Lto., (an ASx ||steo co||ng coa|
ooouc|ng comoany (ClM) |n lew Sout| va|es). !SlL a|so
|as an oma|e ageement o /00,000 tonnes o co||ng coa|
oe yea w|t| Cuaat l8L o a oe|oo o 10 yeas
lt |as ta|en a 11./ sta|e |n Aoo||o M|nea|s Lto, an ASx
||steo lon Ce Lxo|oanon Comoany, w||c| |as lon oe
tenements in South Australia, Western Australia
and Gabon
key n|gh||ghts
1herma| Coa| Asset
Leoos|t o |ow as| - |ow su|o|u t|ema| coa| o ooen
cast ooeanon
A|| mao aooova|s obta|neo to commence coa| m|n|ng
240 la o |ano acqu|eo o t|e st o|ase o m|n|ng ano
1/./ la |ano o oeve|ooment o caonve coa| tem|na| at
Barito River
Ancillary infrastructure at mine is being developed
1|ee events o Meo|ca| c|ec|uo o c|||oen ogan|seo as
a part of the CSR strategy
Cok|ng Coa| Asset
Lxo|oanon ||cense o ove 100 sq. |ms |n Centa| la||mantan
Meo|um to |age s|ze oeoos|ts o o|me |ao co||ng ano
t|ema| coa| o ooen cast ooeanon
Coveno ecommenoanon obta|neo o oest c|eaance,
approval awaited from Central Government
Jindal Indonesia
Lano oeve|ooment o caonve coa| tem|na|
C|oba| Coeanons
37
Jindal Africa
key n|gh||ghts
South Afr|ca
Coal
Coeates t|e l|eoeso| Co|||ey (1 M1lA m|n|ng) |n t|e
Mpumalanga province, which produces high quality
ant|ac|te o bot| t|e oomesnc ano |ntenanona|
metallurgical coal markets
Kiepersol coal mine has more than 25-year lifespan with
a|most S0 m||||on tonnes o coa| esouces. 1|e ant|ac|te
from Kiepersol has low sulphur and phosphorous content,
which gives the mine a preferred supplier status for leading
Ferro Alloys manufacturers in South Africa and abroad,
including customers from the Middle East, India, Europe
and China
Possesses railway siding, which forms the bulk of Kiepersols
infrastructure, enabling the mine to dispatch orders directly
to customers and to ports for exports
lut|e aeas aoacent to t|e ex|snng m|ne |ave been
acquired, which will increase the resources and the life of mine
Iron Ore
Acqu|eo a mao|ty sta|e ano management conto| |n a
magnente ooect nea Me|mot| |n t|e lwa.u|u-lata|
Province of South Africa
ln|na| exo|oanon wo| |nc|uoes conoucnng 1|me Loma|n
L|ectomagnenc ano Aeomagnenc suvey, a|ong w|t| o||||ng
of more than 10,000 metres
Cuent exo|oanon oata |no|cates esouces |n excess o a
billion tonnes with life of mine over 50 years
1ageteo oooucnon to commence |n ea|y 2016 w|t| a||
|nastuctue ano un||nes a|eaoy ava||ab|e |n oox|m|ty o
t|e ooect
Mozamb|que
Coal
Commenceo commec|a| oooucnon o co||ng ano t|ema|
coa| om t|e C||ooz| M|ne, t|us becom|ng t|e t||o mao
comoany to stat coa| oooucnon |n Mozamb|que
Coeanons |n oogess at l|eoeso| Co|||ey, Sout| A|ca
38
Lxcavanon o ovebuoen ano commenceo ta|| unn|ng o
wash plant in March 2013
Cuent oooucnon caoac|ty o 3 M1lA w|t| o|ans o
exoano|ng t|at to 1S M1lA |n t|e next o|ase
S|zab|e |nvestment o|anneo o a |ong-tem |og|sncs so|unon
t|at |nc|uoes semng uo o a |ong o|stance s|uy o|oe||ne to
ue|a ano ceanng ou own tem|na| |n ue|a oot
Proposed to set up a 42 MW power plant to be fuelled by
coa| m|oo||ngs t|at s|a|| be useo o caonve consumonon
as well as sale to the grid
8otswana
Coal and Power
1|e Comoany's cuent m|nea| esouces esnmateo t|at
t|e Mmamabu|a Last ||censes |o|o aooox|mate|y 2./ b||||on
tonnes o coa|. 1|ese coa| esouces ae aoequate to suoo|y
a|| t|e Comoany's o|anneo coa| ano enegy e|ateo ooects
in Botswana
1|e Comoany |s acnve|y ousu|ng two oowe ooects:
one o consumonon ano ootenna| sa|es |n uotswana ano
t|e ot|e |ntenoeo o exoot o oowe to Sout| A|ca.
S|gn|cant new base-|oao oowe geneanon caoac|ty |s
required in Southern Africa to sustain economic growth
ano oeve|ooment. 1|e Sout| A|can oowe ooect, v|z.
t|e 1,200 Mv Mmamabu|a Lnegy loect, |s t|e most
aovanceo |age base-|oao oowe ooect unoe oeve|ooment
by an |noeoenoent oowe ooouce (lll) |n t|e eg|on. 1|e
e|ect|c|ty ooouceo by !|noa|'s oowe ooects can be so|o
to t|e esoecnve Sout|en A|can nanona| un||nes, suc| as
uotswana lowe Coooanon ano Sout| A|ca's Leoatment
o Lnegy/Ls|om lo|o|ngs.
Nam|b|a
Iron Cre and 8ase Meta|s
Acquire two EPLs for iron ore in Dordabis area close to
Windhoek and two EPLs for Manganese in northern Namibia
Commenceo exo|oanon wo| |n t|e lon Ce LlLs bases on
eg|ona| aeomagnenc oata obta|neo om t|e govenment
1esnng on gab samo|es s|ows s|gn|cant ootenna| o ||g|
gaoe |on oe w|t| a m|x o |aemante ano magnente
Mauritania
1|e Comoany acqu|eo two |on oe concess|ons |n A|out
eg|on |n Mau|tan|a. Lxo|oanon oem|ts o t|e two concess|ons
|ave been obta|neo. Commenceo suace geo|og|ca| maoo|ng on
t|ese concess|on ano t|ee |on oe zones |ave been |oenneo
n|| oate. ln 2013-14, ut|e exo|oanon acnv|nes, suc| as
tenc||ng ano o|mng, 8C ano LC o||||ng, |yoo|og|ca| stuo|es ano
aeo magennc suvey w||| be ca|eo out to access t|e ootenna|
eseve ano esouce. 1|e concess|ons ae |ocateo 3S0 |ms om
loua|c|ot oot (t|e cao|ta| c|ty o Mau|tan|a).
Cther Locanons
!SlL |s eva|uanng a numbe o ooootun|nes |n m|n|ng ano oowe
secto |n lot| ano vest A|ca. 1|e Comoany |s |n o|scuss|on
w|t| t|e Covenments o semng uo coa|-baseo t|ema| oowe
o|ants. ln aoo|non, ot|e ootenna| |ocanons ae be|ng |oenneo
ano assesseo o m|n|ng ano oowe geneanon ooects.
vo|-|n-oogess at Mozamb|que coa| m|nes
C|oba| Coeanons
39
Awards and kecogn|non
Aouogeo t|e too lno|an comoany unoe t|e |on ano stee|
sector for the Dun & Bradstreet Corporate Awards 2012
Nanona| Lnergy Conservanon Awards 2012: Won the 1st
rlze ln Lhe lnLegraLed SLeel SecLor
IICCI ua||ty Systems Lxce||ence Awards for Manufactur|ng
2012: Awarded Lhe CerucaLe of Appreclauon
Greentech Lnv|ronment Award 2012: Won an award ln Cold
CaLegory under Lhe MeLal and Mlnlng SecLor
Greentech nk Lxce||ence Go|d Award 2012: Conferred
wlLh Lhe award for 1ralnlng Lxcellence and lnnovauon ln
Lmployees 8eLenuon SLraLegles
Won Lhe 1hlnk Cdlsha Leadershlp Award on CS8 oered by
TEFLA and Times of India
8esLowed wlLh Lhe launum Award ln Lhe 3rd Annual
Greentech HR Award 2013
Conferred with the Zenith HR Award by NHRD
Bhubaneswar Chapter
Won Lhe lndla Puman CaplLal Award 2012 for ouLsLandlng
conLrlbuuon of P8 Lo Crganlsauonal uevelopmenL
8anked rsL and second ln Lhe Cll 8eglonal Work Skllls
Compeuuon
Won Lhe 8esL CS8 Lxhlbluon Award 2012-13 oered by
Cll, Angul, Cdlsha
Conferred with the Best Power Industry Award 2012 by
Cdla 1elevlewers
8esLowed wlLh Lhe Colden eacock nauonal CS8 Award
2012
!SL, Angul was awarded Lhe 1hlnk Cdlsha Leadershlp
Award on CSR by TEFLA and Times of India for 2008, 2009,
2010, 2011 and 2012
CII CSR Award 2012-13
Dun & Bradstreet Corporate Awards 2012 lanona| Lnegy Consevanon Awaos 2012
1||n| Co|s|a Leaoes||o Awao on CS8
40
Co-creanng Va|ue
In a g|oba| enterpr|se ||ke ISL, the key to susta|nab|||ty |s to foster a cu|ture of
co||aboranon and co-creanon among our w|de|y d|spersed emp|oyee base. We are
bu||d|ng an organ|sanon that |s focused on |earn|ng and |everag|ng |ts co||ecnve
exper|ence and expernse eecnve|y.
Ma[or |n|nanves undertaken dur|ng the year compr|se the
fo||ow|ng:
LLAL: 1|e st o|ase o t|e Comoany's Leaoes||o
Lxo|oanon Ano Leve|ooment (LLAL) oogamme, |n
oatnes||o w|t| Mcl|nsey, |noucteo ove 200 oeoo|e.
LEADs module is based on business partnership and
o|nc|o|es o oooucnv|ty, ootab|||ty ano max|m|s|ng
esouce un||sanon. 1|e enne LLAL oogamme |s baseo on
e|o 8 oum aoooac| o Aou|t Lean|ng l|nc|o|es o /0:
20: 10 t|at |eveage exoe|ence, exoosue ano eoucanon.
1||s oogamme oes t|e |eaoe a uus|ness uea|t|oug|
loect (u1l) to oov|oe exoosue to utue esoons|b|||ty.
We have also set up a Learning Lab to support our people
on Leaoes||o lesoecnve, suc| as Manag|ng Se|, Manag|ng
Ct|es ano Manag|ng C|ange ano an Lxecunve Coac| to
gu|oe t|em, w|eneve equ|eo.
A ewao ano ecogn|non oogamme (at a|| |eve|s) |as been
ogan|seo to e|noce va|ues on a susta|nab|e bas|s. 1||s
s|a|| monvate emo|oyees ano encouage t|em towaos
geate cont|bunon ano ownes||o.
Caouate Lng|nee 1a|nees at !SlL
Awaos ano 8ecogn|non
Human Capital
41
We be||eve bus|ness
and society can
a|ways strengthen
each other, when
they are |ntegrated |n
mutua||y re|nforc|ng
partnersh|ps.
At !SlL, ou commun|ty |n|nanves ae exteme|y
e|evant to a oancu|a geogao|y ano t|e |oca|
oeoo|e. Cu |n|nanves ae |e|o|ng acce|eate
eoucanon, |ea|t|cae ano emo|oyab|||ty
nanona||y ano |ntenanona||y.
Advanc|ng Soc|a|
We||be|ng
India
Acce|eranng os|nve nea|th Cutcomes
ln|nateo 'Aanc|a|', a Mot|e ano C|||o Cae logamme, |n
oatnes||o w|t| .|||a Swast|ya Sam|n, lanona| 8ua| lea|t|
M|ss|on ano t|e o|st|ct aom|n|stanon
lntoouceo Mot|e ano C|||o lea|t| 1ac||ng t|oug| a
comoute|seo sowae ano SMS commun|canon, 1,32/
pregnant women registered under the scheme
Provided dietary supplements to babies with low birth
weight to minimise infant mortality rate
Commenced Kishori Express to help improve the health
of adolescent girls and would-be mothers through regular
medical check-ups, haemoglobin monitoring, awareness
ceanon ano nut|non suoo|ementanon
ln|nateo extens|ve llv/AlLS conto| oogamme (Angu|,
|oenneo as an A categoy o|st|ct by lACC, |as ||g|
sens|nv|ty) cove|ng a|most 6,000 oeoo|e
ln|nateo 'Mamta L|was', an l8lM oogamme conceot o
Mother and Child Care held regularly on the 15th of every
month
Conoucteo awaeness camoa|gn on oevennon ano conto|
of dengue covering 131 villages
Angu|
Mu|n-soec|a|ty mega |ea|t| camo, 8a|ga|
Medical check-up camp, Angul
ka|garh
Lxam|neo ano teateo 3,44S oesons t|oug| mu|n-soec|a|ty
mega health camps
Provided free medicines and examined 8,335 persons round
the year with a mobile medical van
Conoucteo 32 be|av|oua| c|ange commun|canon ano
awaeness camos (s||t o|ays) on ooou|anon conto| ano
am||y o|ann|ng unoe t|e lanona| loou|anon Conto|
Programme
Conoucteo 2,/01 ooeanons o oemanent ste|||sanon |n
co||aboanon w|t| t|e govenment's |ea|t| oeoatment
lov|oeo nanc|a| suooot to 230 benec|a|es o c|nca|
cases like heart, kidney and other surgical procedures
Coeateo /9 oanents o cataact unoe t|e b||noness
eao|canon oogamme
Conoucteo ooeanons on 3,S1/ oesons o |yooce|e
ano |en|a |n co||aboanon w|t| t|e govenment's |ea|t|
department
Cgan|seo ove 3S oogammes on llv/AlLS w|t| o|st|bunon
of free condoms
Co||ecteo 116 un|ts o b|ooo by conoucnng va|ous b|ooo
oonanon camos
44
Conoucteo oa||y v|||age |ea|t| camos (lo. o camos - 2/S ano
lo. o benec|a|es - S,860)
Provided referral services through ambulance for 201 people
ln|nateo lAlAL - a ooou|anon stab|||sanon oogamme (11-
43S ano lSv - 2S)
Cata|yseo t|e L|sn logamme, conoucnng cataact
ooeanons o 43 benec|a|es |n t|e v|||age
Ce|ebateo lunya 1|t|| o uabuee by ogan|s|ng u|ooo
Lonanon logamme w|ee ove 224 oeoo|e oonateo b|ooo
Organised an eye check-up test camp and distributed
eyeglasses on the occasion of birth anniversary of our
be|oveo uabuee, benenng ove 200 oeoo|e
Supported Red Ribbon Express, a campaign organised by
NACO, Delhi and Jharkhand State AIDS Control Society
(!SACS), 8anc||, to o|ve awaeness on llv/AlLS
1amnar (ka|garh) - M|nes Area
Examined and treated 2,296 persons through mega
health camps
Examined over 12,000 people in an areas close to the mines
through the mobile medical van
1eateo (|nc|uo|ng 81l, S1l teatment, anaem|a coecnon
for adolescent girls through school health check-up camps,
antenata| cae (AlCs) 8 am||y o|ann|ng counse|||ng ano
oov|oeo ee meo|c|nes to t|e benec|a|es
Collected 46 units of blood from voluntary blood
oonanon camos
lov|oeo nanc|a| suooot to 1S4 benec|a|es o c|nca|
cases, v|z. |eat ano ||oney suge|es
lov|oeo ||vestoc| cae to 4,011 oomesnc an|ma|s t|oug|
an|ma| |usbanoy camos, |n co||aboanon w|t| t|e
governments veterinary department
Meo|ca| c|ec|-uos at ooosteos at 1amna m|nes aea
Patratu
Health camp at Patratu
Corporate Social Responsibility
45
8arb||
ley lea|t| ln|nanves
Lmergency Ambu|ance Serv|ces (ne|p||ne 24x7)
1o ensue best ooss|b|e |ea|t|cae ac|||nes o t|e oeoo|e
w|t||n t|e v|c|n|ty o t|e o|ant, t|e Comoany |n|nateo an
emergency ambulance service with experienced medical
sta. lt |s bac|eo by a 24x/ |e|o||ne to en|ance easy access to
bete |ea|t|cae sev|ces.
8|ood Donanon Camp
unoestano|ng t|e c|nca||ty o b|ooo, couo|eo w|t| gow|ng
meo|ca| como|ex|nes, t|e Comoany ogan|seo sevea| b|ooo
oonanon camos. S|m||a camos ae a|so ogan|seo evey yea to
ma| t|e auso|c|ous occas|on o uabuee's Punya Tithi. Lu|ng
the year under review, 224 units of blood were collected across
mu|no|e |ocanons om o|eent camos.
nIV Awareness through Nukkad Natak
1|e Comoany acnve|y oanc|oateo |n events to |ncease
awaeness about llv/AlLS among t|e yout|, ac|||tanng c|ange
|n amtuoe ano be|av|ou. Cn t|e occas|on o vo|o A|os Lay
(1st Lecembe, 2012), t|e Comoany's CS8 am ogan|seo No||oJ
Natak o steet o|ay at ve |ocanons, name|y at C l !|noa| Sc|oo|,
Cl!CC, Lewa|ya Moe, !a|naga ano Labga.
Provided free ambulances across several villages
Conducted several health camps in more than 30 villages
Organised specialised camps for eye care, gynaecology and
dental care
ln|nateo |mmun|sanon oogamme |n 1S v|||ages |n
partnership with the government
Arranged for an ambulance to address urgent medical issues
Held various family planning services in partnership with the
government
Providing children healthcare support
46
Cataract Cperanon Camp
Since 2009, the Company has been organising regular camps
to ac|||tate cataact ooeanon o ageo oeoo|e acoss 1S o |ts
ooeanona| v|||ages. lt a|so conoucts events to o|ve necessay
oub||c awaeness about oevennon ano nme|y teatment o cata-
act, aoat om oov|o|ng genea| eye cae |now|eoge.
AnAL - A opu|anon Stab|||sanon rogramme
1|e awaeness oogammes |e|oeo to |moat t|e |now|eoge
o am||y o|ann|ng among oeoo|e, aooess|ng t|e| amtuoe ano
be||e |n t|e conceot.
Anaemia Control in Adolescent Girls
1|e Comoany |n|nateo o|ves to conto| anaem|a |n aoo|escent
g||s t|oug| |ts va|ous o|may |ea|t| centes ano sub-centes.
1|e oogamme ensueo t|e suooot o va|ous oeoatments
|n |mo|emennng t|e o|etay moo|canon ano suoo|ementanon
measues to eouce t|e o|sease to t|e best ooss|b|e extent.
Hospitals
1|e Comoany |as set uo sevea| c|a|tab|e c||n|cs ano |oso|ta|s
acoss |ts aeas o ooeanon. Among t|em, t|e C.l.!|noa|
loso|ta| 8 8eseac| Cente oeseves soec|a| mennon. 1|e 100-
beo mu|n-soec|a|ty |oso|ta| |as va|ous o|sc|o||nay oeoatments
|||e sugey, gynaeco|ogy, ot|ooeo|cs ano oeo|at|cs.
C. l. !|noa| loso|ta| 8 8eseac| Cente
47
Soonsoeo 83 commun|ty teac|es, benenng 40
government schools and about 8,000 students residing in
villages located on the plants periphery
Suoooteo 19 me|to|ous stuoents nanc|a||y o
ooess|ona| eoucanon ano oov|oeo comoute eoucanon
to 82 students from schedule caste & schedule tribe
background
Lstab||s|eo seven aou|t ||teacy centes, benenng 2/1
women
Coac|eo 28S stuoents (10-2) soec|a||y to |e|o t|em oeoae
o eng|nee|ng, meo|ca| ano ot|e exam|nanons
Stateo exteno|ng t|e C.l !|noa| Sc|oo| (o|may w|ng) o
c|||oen to un|o ||g| sc|oo| |eve|
Soonsoeo 30 commun|ty teac|es, benenng 21
government schools and about 3,000 students in the villages
on the periphery of the mines
Supported 12 meritorious students from the mines area
nanc|a||y to |e|o t|em get ooess|ona| eoucanon
lmoateo comoute eoucanon to S4 stuoents ||v|ng nea t|e
m|nes w|t| soec|a| ocus on SC/S1 stuoents
Stateo t|ee aou|t ||teacy centes, benenng 116 women at
villages close to the mines
1amnar (ka|garh) - M|nes Area
Established seven new English-speaking centres, enrolling
300 students
1a|neo S8 teac|es om 28 sc|oo|s |n a two-oay caoac|ty
building programme at OPJCC
Cgan|seo oaw|ng ano essay comoennon at s|x |ocanons
on World Environment Day and Child Labour Day, with a
oanc|oanon o 1,1S0 stuoents om 1S ooeanona| v|||ages
Aangeo a Sc|ence Lx||b|non at Maa lanc| ua||n| Sc|oo|
w|ee moe t|an 900 stuoents om 28 sc|oo|s oanc|oateo.
1|e ex||b|non was atenoeo by S|| v.8. S|ama (LML 8
CLC, Stee| uus|ness, !SlL)
Lstab||s|eo a coac||ng cente |n co||aboanon w|t| Sac|oeva
lnsntute to |e|o 3S stuoents oeoae o comoennve
exam|nanons
Patratu
ne|p|ng 8u||d a know|edge-Dr|ven Soc|ety
ka|garh
Spreading literacy
C. l. !|noa| Sc|oo|
1eac|es |nteacnng w|t| stuoents
48
Partnered with the Government to set up 23 vernacular
medium schools covering 6,500 students
lomoteo eoucanon o g|| c|||o
Partnered with an NGO, the John Augustus Prison and Social
Welfare Services, to provide 10,000 school books every year
to the children of the poor convicts in Odishas prisons
Imparted computerised learning sessions in two villages,
benenng /00 |ouse|o|os
Worked for the development of children in 40 4oqoowoJ|
centes soeao acoss 2/ v|||ages ano beneteo 40
households
Aom|teo 63 stuoents om Aaamb|a cec|ecum sc|oo| o
the children of labourers - into the Jindal Vidyapith
Aom|teo S0 c|||oen to Aaamb|a Sc|oo| ano 30 c|||oen |n
laamb|, benenng S0 |ouse|o|os |n t|e |abou co|ony
Conducted a community teachers training programme,
|n co||aboanon w|t| t|e Leoatment o Sc|oo| ano Mass
Loucanon, ano Sava S|||s|a Ab||yan, Angu|
lmoanng egu|a ?og|c lacnces, So||tua| vay o L|e ano
moa| eoucanon to ove 2,S00 stuoents acoss 19 sc|oo|s
through Art of Living
Angu|
lmoateo eoucanon at o|may ano ||g|e sc|oo|s |n ul,
ecu|teo aoo|nona| teac|es ano oov|oeo snoenos wot|
` 13.94 |acs to me|to|ous stuoents |n 2012-13
Spent around ` S0 |acs to ace|| l1l Co||ege at uab|| to
empower higher studies
Spent ` 60 lacs to construct science labs at Jhumpura and
Remuli College
Provided scholarships worth ` 2 |acs benenng 10 stuoents
Renovated nine 4oqoowoJ| Centres at the cost of ` 14.S |acs
Suoooteo a es|oenna| sc|oo|, un by laomas|ee L. 1u|as|
Munda exclusively for tribal children, by funding ` 12 lacs
8arb||
lmoanng eoucanon at o|may ano ||g|e sc|oo|s
lomonng eoucanon o g|| c|||o
49
ley Loucanona| ln|nanves
I|nda| G|oba| Un|vers|ty
ln ||ne w|t| t|e m|ss|on o t|e lounoe C|a|man, S|| C. l.
!|noa|, !SlL |as set uo t|e C. l. !|noa| C|oba| un|ves|ty (!Cu) ano
t|e !|noa| C|oba| Law Sc|oo| (!CLS). 1|e eoucanona| |nsntunons
impart students and faculty with knowledge, skills, scholarship
and vision to meet the challenges and demands posed by
g|oba||sanon.
!Cu |s a non-oot g|oba| un|ves|ty estab||s|eo |n como||ance
w|t| t|e layana l|vate un|ves|nes (Secono Amenoment)
Act, 2009 at Son|oat, layana (lC8 o Le|||). lt was set uo
t|oug| a geneous o|||ant|oo|c |n|nanve o S|| laveen !|noa|
(C|ance||o, !Cu). 1|e un|ves|ty Cants Comm|ss|on (uCC) |as
a|eaoy accooeo ecogn|non to t|e C. l. !|noa| C|oba| un|ves|ty.
!Cu, a|ong w|t| !CLS, w||c| |s lno|a's st g|oba| |aw sc|oo|,
|s ecogn|seo by t|e ua Counc|| o lno|a (uCl). !CLS |s a|so a
membe o t|e Ame|can Assoc|anon o Law L|ba|ans (AALL)
as we|| as t|e lntenanona| Assoc|anon o Law Sc|oo|s.
C.. I|nda| Insntute of 1echno|ogy (II1)
1|e C.l. !|noa| lnsntute o 1ec|no|ogy (Cl!l1) at 8a|ga| oes
four-year undergraduate engineering programmes in mechanical,
e|ect|ca|, e|ecton|cs, c|v|| ano meta||ugy couses. Lu|ng
the previous year, 88% of the 204 students were recruited by
o|eent comoan|es.
I|nda| Insntute of ower 1echno|ogy (II1)
1|e !|noa| lnsntute o lowe 1ec|no|ogy (!ll1) at 1amna, w||c|
ta|ns stuoents to unoeta|e ooeanon o ma|ntenance o a
oowe o|ant o 100 Mv ano above caoac|ty. C t|e 132 stuoents
|ast yea, /6 wee g|ven o|acement.
C. l. !|noa| C|oba| un|ves|ty at Soneoat, layana
50
C.. I|nda| Commun|ty Co||ege
1|e estab||s|ment o t|e C.l.!|noa| Commun|ty Co||ege (Cl!CC)
|n 2011 was t|e esu|t o t|e Comoany's o|||ant|oo|c acnv|ty.
Cl!CC was set uo to ea||se S|| C.l. !|noa|'s v|s|on to eoucate
and train people to get a skilled industry workforce whose
oeomances matc| |ntenanona| stanoaos. 1|e Co||ege was
founded under the astute leadership of CMD JSPL,
S|| laveen !|noa|. lt was |n|na||y |nown as t|e C.l. !|noa|
lnsntute o 1ec|no|ogy ano S||||s. 1|e m|ss|on o t||s |nsntunon
|s '1o oomote ||e|ong |ean|ng o vocanona| s||||s o a||,
|esoecnve o age, caste, ceeo, genoe, o|o eoucanon
ano soc|oeconom|c env|onment'. Cl!CC emo|as|ses on
emo|oyab|||ty as we|| as eoucanona| ano econom|c mob|||ty.
vocanona| ta|n|ng oogammes oeoae t|e stuoents o
emo|oyment, enteoeneus||o ano ut|e stuo|es. 1|ese
|nc|uoe ooess|ons |n t|e e|o o o|umb|ng, we|o|ng, masony,
a| cono|non|ng ano e|geanon, e|ecton|cs, e|ect|ca| w||ng
(|noust|a| ano |ome), manuactu|ng ano meta||ugy. lus|ng
and paramedical programmes and hospitality courses have also
been aooeo to t|e ||st o ta|n|ngs oeeo.
Vocanona| 1ra|n|ng
!SlL suooots se|-|e|o gouos o |moanng vocanona| ta|n|ng
|n ta||o|ng ano embo|oey by bea|ng costs o sta, mate|a|s,
|nastuctue ano so on. Suc| ta|n|ngs |e|o emoowe women
om t|e wea|e secnons o t|e soc|ety.
Schoo|
1|e Comoany |as set uo va|ous sc|oo|s to |moat bas|c
eoucanon.
Lstab||s|eo C. l. !|noa| Sc|oo| (a 10-2 co-eoucanona| sc|oo|
|ocateo |n 8a|ga|) ano equ|ooeo |t w|t| a|| mooen ac|||nes
8enovateo t|e 8a|ga|'s o|oest g||s' sc|oo| to oe bete
stanoaos o eoucanon ano ac|||nes
Upgraded school infrastructure and distributed books
ano ot|e eoucanona| mate|a|s |n sc|oo|s at Angu| ano
ot|e oats o Co|s|a, latatu (!|a||ano) ano 8a|ga|
(C||amsga|)
Lstab||s|eo Aou|t Loucanon Centes |n Angu|, latatu ano
Raigarh
C. l. !|noa| Commun|ty Co||ege C. l. !|noa| Sc|oo|
51
Strengthen|ng Soc|a| Lmpowerment
ka|garh
Stateo nmn sev|ces o emo|oyees o !|noa| lnastuctues
Private Limited in the village of Bhagwanpur
8ev|veo 11 tao|nona| at am|||es by emo|oy|ng t|em at t|e
L|o|a oooucnon un|t
Established an 4qot|om (|ncense snc|) ma||ng un|t o an
SHG comprising 15 women from the village of Kalmi
Set up a readymade garment making unit at Kirodimal Nagar
where 15 women were associated
Set uo a sntc||ng ta|n|ng un|t o 2S0 women om e|g|t
nearby villages
1a|neo 10 women t|oug| t|e Lmbo|oey 1a|n|ng un|t at
Chandmari, helping eight of them to be self-employed
Lstab||s|eo a un|om sntc||ng ta|n|ng un|t at uemuoa o
10 women and executed an order worth ` 18,000
Set up a uooo pouo| making unit for an SHG comprising
13 women from the village of Kalmi
Launched tent house items camp for women from 15
economically backward families from the village of
uc|c|ab||m
Set uo a nut|nve ooo manuactu|ng un|t o an SlC o
13 women from the village of Jampali
Established a sanitary napkin manufacturing unit for a
o|nt ||ab|||ty gouo (!LC) o ve women om t|e v|||age o
Kusumura
Established a poultry unit comprising 25 families across
10 villages
Established a snacks-making unit for an SHG of 13 women
from the village of Jorapali
Tamnar
Helping 30 SHG members to augment their income through
uooo pouo| (|ea o|ates) ma||ng
1a|neo 213 women |n sntc||ng, cumng (ta||o|ng)
Imparted trainings to 25 youth in repair and maintenance of
home appliances, 30 in driving and 40 youth to help them
wo| as e|ect|c|an, te ano we|oe
Embroidery training unit 1a|n|ng women |n ta||o|ng
52
Angu|
lomonng |ncome geneanon acnv|ty among t|e yout| ano
women
lmoateo ta|n|ng to en|ance sntc||ng ano ta||o|ng s||||s
among 2S/ women
lov|oeo va|ous |ncome geneanon acnv|nes o caoac|ty
bu||o|ng ano engagement to SlCs. unoe t|e sc|eme, 298
women wee engageo |n acnv|nes |||e ma||ng ute oooucts,
cu|nvanng vegetab|es ano mus|oom, manag|ng oou|ty
un|ts ano am|ng |eba| oooucts. 1|e summay o eac|
scheme is given below:
Eco-spa: 1|e Comoany estab||s|eo Lco-soa, a
manuactu|ng un|t o ogan|c |eba| booy cae oooucts.
Eco-spa is made from locally grown vegetables, fruits,
extact o oest oooucts ano |ebs. Lco-soa-Angu|
8ua| vomen SlC ln|nanve oomoteo w|oesoeao
soc|o-econom|c oeve|ooment, ocuseo on ootecnng t|e
env|onment, emo|as|seo on esoons|b|e consumonon
ano aovocateo ogan|c ag|cu|tue.
Ssodashi: Ssodashi is a low-cost sanitary napkin
manufacturing unit, which was established to generate
emo|oyment o SlCs |n t|e neaby v|||ages. uy oomonng
the use of sanitary napkins, a direct impact was created on
women's |ea|t| ano oesona| |yg|ene.
Odifab: A ute oooucnon un|t was estab||s|eo by t|e ua|
SlC o women. 1|e cente |as t|e ab|||ty to ooouce
a w|oe ange o oooucts, stanng om s|oooes' bags,
bot|e bags ano oecoanve |tems to o|oes.
Patratu
lomeo 93 Se| le|o Couos (SlCs)
Linked 26 SHGs with banks
Conoucteo meenngs ano ooen |ouse o|scuss|ons to
empower women on social and economic issues; these
meenngs wee atenoeo by 60 women
Imparted training to help manage 54 SHGs
Cgan|seo ex||b|nons ano taoe a|s o exoosue o SlCs
benemng 328 women
1a|neo 90 ames on qua||ty seeo omanon
lmoateo ta|n|ng on vem| Comoost oooucnon
1a|neo S0 ames on Mag|c vate looucnon ano |ts
aoo||canon (vem|was|)
Conoucteo ta|n|ng o 10 ames on nusey omanon ano
sao||ng oooucnon
Conoucteo so|| ano wate consevanon oogammes on
o|antanon o 90 oeoo|e
Cgan|seo a ta|n|ng ano oomonon oogamme on
mus|oom cu|nvanon, w||c| was atenoeo by 23 women
vomen s|||| bu||o|ng acnv|nes
53
Chalu: A oesevanve om |oca||y gown suo|us
vegetab|es was oeve|ooeo. lt can be useo o ooo
oesevanve |tems |||e o|c||es, oaoao, sauces, c|utneys
and snacks
Lngageo 86S women acoss ve v|||ages |n ot|e o-am
acnv|nes, suc| as ta||o|ng, sntc||ng ano embo|oey, ma||ng
o |ea cuo, o|eny| ano |ncense snc|s, so-toys ano so on
Stateo an |ncense snc| manuactu|ng un|t o|nt|y w|t| t|e
L|st|ct 8ua| Leve|ooment Agency (L8LA) ano l1C Lto unoe
t|e oub||c-o|vate-oatnes||o (lll) mooe to emoowe
women SHGs
lomoteo ogan|c am|ng by engag|ng 120 ames |n ve
villages
Engaged 85 farmers in Integrated Pisciculture and Freshwater
Prawn Culture across seven villages
ln|nateo aovanceo cost-eecnve, am-baseo tec|no|ogy
by stanng w|t| |yb|o ma|ze |n assoc|anon w|t| 23 ames
across 13 acres in the villages of Mahitala and Jarada
ley L|ve|||ooo ln|nanves
Se|f-ne|p Group
(Shasakt Mah||a Samr|dh Sama[)
1o |n|nate t|e |ab|t o sav|ngs ano emoowe ||ve|||ooo, t|e
Comoany |as set-uo sevea| |omogeneous ano amn|ty gouos o
1S to 20 ooo oesons, oancu|a|y women. 1|e obecnves o t|e
omanon o SlCs ae to:
Sens|nse women o t|e neeo o SlC ano |ts e|evance |n t|e|
empowerment process
Create a feeling of belonging among women
Ln|ance t|e conoence ano caoab|||nes o women
Leve|oo co||ecnve oec|s|on ma||ng ab|||ty among women
Encourage the habit of saving among women and facilitate
accumu|anon o t|e| own cao|ta| esouce base
Monvate women to s|ou|oe soc|a| esoons|b|||nes,
oancu|a|y t|ose e|ateo to t|e| oeve|ooment
ECOSPA Self Help Group
S|asa|t Ma|||a Sam|o| Sama - Se|-le|o Couo
54
A|||ed Agr|cu|ture-based L|ve||hood
Lven tooay, about 6S-/0 o lno|a's ooou|anon |s oeoenoent on
ag|cu|tue o t|e| ||ve|||ooo. !SlL |as enoeavoueo to oomote
a|||eo ag|cu|tua| acnv|nes |n |ts ooeanona| v|||ages. va|ous
acnv|nes |||e vem|comoost oeoaanon ano |ts aoo||canon,
fo|cu|tue ano nusey oeve|ooment, ano mus|oom cu|nvanon
wee conoucteo.
Women Lmpowerment and L|ve||hood
Deve|opment
S|nce 2010, !SlL |as unoeta|en sevea| ||ve|||ooo oomonon
acnv|nes, oancu|a|y o women. Among t|em, t|e t|ee mao
acnv|nes ae:
Swava|amban - Ansan oeve|ooment o se|-emo|oyment
Couo-|eo oooucnon o ua| |ouse|o|o oooucts - ooo
processing through women SHGs
S|||| oeve|ooment |n ta||o|ng, sntc||ng ano embo|oey
1|ese |ave |e|oeo |ncease t|e |ncome o sevea| women ano,
|n tun, t|at o t|e| am|||es. ln an ea o so|a|||ng |nfanon ano
|s|ng cost o ||v|ng, t|e Comoany's eots |ave aooeo s|gn|cant
va|ue to t|e am||y ||ves o t|ese women.
Income Generanon Acnv|nes under ro[ect
'Swav|amban'
ln co||aboanon w|t| !lA8C8Al1 (A Covt. unoeta||ng), t|e
Comoany ta|neo women |n t|e ooeanona| aeas o !SlL unoe
t|e ooect Swav|amban. unoe t||s |n|nanve, women ae ta|neo
|n ansan acnv|nes ano a o|auom |s oov|oeo to t|em to ean
a bete ||ve|||ooo |n a o|gn|eo manne. 1||s, |n tun, |e|os to
|moove t|e| stanoao o ||v|ng.
Sk||| Deve|opment - 1a||or|ng 1ra|n|ng and
Income Generanon
Moe t|an 400 women ae ta|neo |n ta||o|ng ano sntc||ng.
Lage numbes o women ae egu|a|y ma||ng an aoo|nona|
income in the range of ` 1S,000/- to ` 60,000/- oe annum w|t|
t|e |e|o o t||s vocanon. 1||s |moateo ta|n|ng |as been vey
muc| ooou|a among a|| t|e v|||ages acoss t|e eg|on. 1||s aoos
value to the livelihood and life style of people in and around the
Comoany's ooeanona| v|||ages.
Lco-|eno|y ute accesso|es manuactueo by CLllAu Se| le|o Couo
55
ka|garh
Constucteo oaos (o 1,230 metes) benenng ove 3,000
households
Renovated community infrastructures, which helped more
than 2,000 households
uu||t b|oges/cu|vets/s|eos/guao wa||s, w||c| esu|teo |n
moe t|an S,000 benec|a|es
Cementeo g|ats/c|ang|ng ooms o ove 10,000
benec|a|es
Conducted landscaping and management of natural
env|onment o 2S,000 benec|a|es
Constructed 2,160 metres of school boundary walls
Created 40 bore wells; excavated and deepened three ponds
Tamnar
Constructed 820 metres of CC road
Created 10 water tanks and excavated 12 bore wells
Built 1,440 metres of school boundary wall
Excavated and deepened two ponds
Renovated two heritage buildings
Constructed three box culverts and four new school buildings
uu||t 800 sq. . gym |a||
Ln|anceo |nastuctue ac|||nes |n 10 sc|oo|s, suc| as t|ose
o o|n||ng wate, to||ets, un|tue ano xtues
Lstab||s|eo a 1auma Cente uu||o|ng at lun|oat|a
Patratu
Lnsueo qua||ty oowe suoo|y |n 18 v|||ages/to|as
Constructed over 1,300 metres of road in four districts
Renovated religious and community places across seven
districts
Suoo||eo 61.2 tonnes o scao wooo among 4oqoowoJ|s,
schools and villages to help them cook mid-day meals on a
regular basis
Renovated one school
ke|nforc|ng kura| Infrastructure
Childrens park at Raigarh
56
Rural infrastructure development Constucteo oaos to |moove connecnv|ty
8arb||
lnsta||eo/eoa|eo |ano oumos/tube we||s/oeeo boe we||s
un||seo submes|b|e oumos w|t| stoage aangements
Lxcavateo/enovateo oonos
Supplied water through pipelines and water tankers
Leve|ooeo/constucteo wate tan|s
ln|nateo a a|n wate |avesnng sc|eme
Angu|
1|e Comoany unoetoo| a numbe o |n|nanves |n Angu|,
benenng ove S,000 |ouse|o|os acoss 26 oe|o|ey v|||ages.
Some o t|e |n|nanves |ave been o|scusseo be|ow.
Enhanced infrastructure at the peripheral villages of the
plants in a diverse way
Excavated ponds and installed community tap water
connecnon
8eoa|eo o|eent oaos
Brought electricity to several villages
Installed tube wells
Constructed community halls
Built school boundary walls and classrooms
ley ln|nanves
Dr|nk|ng Water and San|tanon
About 10 o t|e ua| ano uban ooou|anon ooes not |ave
access to egu|a sae o|n||ng wate. Most o t|e v|||ages ae
oeoenoent on unsae wate souces to meet t|e| oa||y neeos. ln
aoo|non, wate s|otages |ave esu|teo |n |age vo|umes o wate
be|ng co||ecteo ano tansooteo |n tan|es ano o|oe||nes. At
various places, the Company installed hand pumps and increased
t|e wate tan|e t|os. lt a|so |e|oeo to |moove t|e san|tanon
o oeoo|e by constucnng ano enovanng to||ets ano |nceas|ng
awaeness about |eeo|ng t|em c|ean.
57
Tamnar
Organised PICA sports tournament, a two-day district-level
womens sports tournament
Arranged state-level |os|t championship, district-level sports
tounament |n co||aboanon w|t| le|u ?uva lenoa ano
inter-village |o|oJJ| tournament
ln|nateo comoennons o c|ass|ca| oances (lat|a| ano Co|ss|),
oama, comeoy, |oca| o|| at, s|ng|ng, oaw|ng ano oa|nnng,
along with programmes like Diwali Milan and Holi Milan,
among others
Held sector and block level inter-school sports and volleyball
tournaments at the mines area
Conoucteo |aate (mana| at) ta|n|ng o sc|oo| g||s o
Dhourabhata villages at the mines area
Cgan|seo Sua oance (t|ba| oance) comoennon at t|e m|nes
area
Conducted a two-day district level womens sports
tournament at the mines area
Patratu
Lnsueo oanc|oanon o 2S6 o|ayes om 16 o|eent
teams |n t|e C. l. !|noa| lootba|| 1ounament
le|oeo 144 o|ayes om 18 teams to oanc|oate |n t|e
C. l. !|noa| vo||eyba|| 1ounament
Ass|steo 13 cano|oates om t|e ooeanona| aeas to
get selected in the Indian Army Recruitment at sports
stadium, Saraikela
Angu|
Constructed three rural gymnasiums in Anguls peripheral
villages and supplied them with basic gymnasium equipment;
also appointed a trainer to guide the members
Organised inter-village volleyball, football and cricket
matches
ln|nateo coac||ng ac|||ty o yout|s |n 4/ v|||ages
Established rural gymnasiums with adequate sports
equipment
laton|seo ac||eves |n va|ous e|os o soots
latneeo w|t| |oca| commun|ty o esnva| ce|ebanon ano
increased cultural bonding among the people
Supported 1,650 youth from 33 villages in cricket and
football
Re-organised inter-village matches of volleyball, football,
c|c|et ano coac||ng, suooonng 660 yout|
8arb||
Promoted local tournaments to involve people from 8,000
villages
lov|oeo nanc|a| ass|stance o ogan|s|ng t|e tounaments
for 8,000 individuals
Supported the community as a whole by providing cultural
suooot ou|ng sevea| esnva|s ano |tua|s
Lncourag|ng Sports, 8ody I|tness and Cu|tura| Acnv|ty
Encouraging womens sports tournament laate (mana| at) ta|n|ng
58
ley ln|nanves
romonng L|vestock Iarm|ng
1|e Comoany |as ta|en uo sevea| |n|nanves to oomote ||vestoc| cae ano management. va|ous acnv|nes conoucteo unoe t|ese
|n|nanves |ave been enumeateo be|ow:
Conducted veterinary camps
Atenoeo to |ea|t| emegenc|es o an|ma|s
Vaccinated poultry birds
vacc|nateo cat|e to ootect t|em aga|nst lML ano lSu
Lnsueo t|at t|e v|||ages v|s|t t|e vete|nay 1ec|n|c|an oa||y
lov|oeo nanc|a| ass|stance to sma|| enteoeneus to |e|o
t|em exoano t|e| ex|snng bus|nesses
Helped in the breed improvement of goat
lomoteo oooe oooucts (oote|n suoo|ement, nut|non
ano ot|es)
letwo|eo eecnve|y w|t| Covenment oogammes
v|s|teo a|s ano |nsntunons to |ncease exoosue to ||vestoc|
ooouct, o|eent beeos ano soec|es o cat|e, ano so on
Conoucteo wo|s|oos on ||vestoc| cae (|ea|t| ano |yg|ene,
s|eo o|ann|ng ano so on)
ln|nateo o|g am|ng ano ||vestoc| management ta|n|ng
programmes
Patratu
vacc|nateo 1,331 cat|e ano teateo 2,4/3 an|ma|s
Provided emergency treatment to 61 animals
Cgan|seo 10 vete|nay camos benenng 260 an|ma|s
1a|neo 18 ames on o|ggey
Suoooteo ano ta|neo oou|ty ames ano s|emen
Godda
Distributed 20 kgs of rice to the local people
Contributed ` 1,000 oe am||y unoe t|e Ma|aan Mu|t
Society
lomoteo t|e use o so|a oumo, a|n |avesnng, ano o|t ano
o|o ||ganon system o vegetab|es
Covered 100% PAFs under Adhar Card and Bank Account Payment
lssueo t|e 888 Cencate o |ong-tem soc|a| benets
like annuity, pension, company employment, preference in
outsouceo obs ano |||ng o ve||c|es, among ot|es
Conoucteo egu|a meo|ca| c|ec|-uos w|t| ee o|st|bunon
of medicines
Proposed to set up a modern hospital on PPP model
Signed an MoU with Apollo Hospital to ensure a place for the
teatment o c|nca||y ||| oanents
Entered into a contract through an MoU with ISM, Dhanbad
for satellite imagery of the area
8arb||
luc|aseo nge||ngs wot| ` /8,000
Helped to procure chicks and materials worth ` 15,000 for
poultry farm at Gobardhanpur village
Invested ` 81,200 to oocue s| seeo||ng om ClLC Lto
la|o emuneanon to sta at uaba !|aoeswa Sang|a, an SlC
at Dampur
Livestock management training
59
Internanona|
Oman
Cman| We|fare
Cgan|seo Lng||s| c|asses to en|ance veba| commun|canon
s||||s ano laen|as|u (qu|z oogamme) o Cman| c|||oen
during summer holidays
Held henna oa|nnng ano game events o Cman| as we|| as
Indian ladies
Arranged separate cultural programmes for Omani gents and
ladies
Donated laptops, specially designed for blind people, to Al
laoo u||no Assoc|anon
Suoooteo t|e c|||oen o t|e A| vaa lano|caooeo Cente
by ouc|as|ng |anomaoe g|s oeoaeo by t|em, a|so
campaigned for their products and provided them with an
opportunity to earn money
nea|th
Cgan|seo two b|ooo oonanon camos o oemanent ano
contract employees and their family members
1a|neo emo|oyees ano t|e| am||y membes on stess
management, yoga and physiotherapy
Soc|a| Infrastructure Deve|opment
lanoeo ove a ootba|| gouno to t|e v|||ages ae
como|enon o a|| oeno|ng ano aoo|nona| wo|s
Acnv|nes dur|ng kamadan
L|st|buteo w|ee|c|a|s to Cman L|sab|eo Assoc|anon ano
A| vaa l|ys|ca| lano|caooeo lnsntunon
Lonateo g| vouc|es to ooo oeoo|e |n L|wa ano So|a
Sports Acnv|nes
Supported Nabar football club comprehensively
lanc|oateo |n SllC ootba|| as we|| as c|c|et tounaments
8rand|ng and Sponsorsh|ps
venue soonsos||o |n Annua| 1|mes o Cman ooen qu|z
comoennon
Law|ng comoennon |n |oca| v|||age u|ooo oonanon camo
60
Afr|ca
Lnterpr|se Deve|opment
latneeo w|t| vuman| uom||o|o S|sebenze loects on
brick making in the community of Anninspruit
Stateo a am|ng ooect o t|e commun|ty o lwangema
to ooouce soya beans ano ma|ze to se|| t|em |n t|e |oca|
market
nea|th
!|noa| A|ca's Mozamb|que ooeanon |as maoe
cont|bunons to |oca| ac|||nes |n t|e om o ambu|ance
sev|ce to t|e 1ete oov|nc|a| aut|o|nes
1|e ogan|sanon |as a|so constucteo a c||n|c on |ts
mining site
1|e |ea|t|cae centes ae not on|y about ass|snng t|ose
w|o ae s|c|, but a|so tas|eo w|t| oov|o|ng oevennve
|ea|t| eoucanon, suc| as sex eoucanon, nut|non
|nomanon, counse|||ng acu|nes ano llv/AlLs tesnng
ln Sout| A|ca, acnv|nes |nc|uoe t|e oonanon o meo|ca|
equipment to the Huis Immegroen old-age home in Piet
8e||e to |e|o |t oov|oe bete |ea|t|cae to t|e e|oe|y
1|e ogan|sanon |as ano connnues to oov|oe es|wate
suoo||es |n t|e om o boe|o|es to commun|nes |n ano
aouno t|e| ooeanons
Lducanon
1|e Comoany |mooveo sc|oo|s |n t|e l|eoeso| Co|||ey
area and building classrooms at Inkululeko Primary School,
Lmat|a|aza Sc|oo| ano lnabu|o Comb|neo Sc|oo| |n ooe to
alleviate crowding
!|noa| A|ca |e|os aou|ts at |ts l|eoeso| commun|nes |n
||teacy oogammes t|at benets not on|y |ts uns||||eo
workforce, but also extend the opportunity to the locals
Infrastructure Deve|opment
lanc|oateo |n a numbe o enteo|se oeve|ooment
acnv|nes, |nc|uo|ng t|e M||onoo Mun|c|oa||ty's |oca|
economic development forum
lov|oeo a e||ab|e e|ect|c|ty suoo|y to a sew|ng ooect
|n|nateo by ln|os| Mt|et|wa
Lmoowe|ng t|oug| eoucanon Lncouag|ng o|antanon o|ve
61
Nurtur|ng Green Growth
At ISL, we be||eve |n susta|nab|e
growth. We connnuous|y take
|n|nanves to he|p protect the
env|ronment and snmu|ate eorts
for green growth.
A|r o||unon Contro|
1|e Comoany |as been oass|onate about ma|nta|n|ng a c|ean
ano geen env|onment |n a|| aeas o |ts ooeanon. ln v|ew
o t|e c|a||enges o a| oo||unon abatement, !SlL o||ows
a ooceoue o 1ota| looucnve Ma|ntenance (1lM) o |ts
oevennon. lt |as a|so |nsta||eo state-o-t|e-at oo||unon conto|
oev|ces to |e|o eouce atmoso|e|c oo||unon. 8ea|-nme c|ec|
on performance of these devices is done through automated
online analysers, such as Opacity Meters and Ambient Air Quality
Mon|to|ng Stanons (AAMS).
Water o||unon Contro|
v|t| !SlL |n t|e bus|ness o manuactu|ng mu|no|e oooucts,
there remains an increasing concern about the pollutants
o|sc|ageo o|ect|y o |no|ect|y |nto wate boo|es. At !SlL, wate
oo||unon |s conto||eo by aooonng a ange o st|ngent egu|atoy
C|ean, geen ano seene stee| o|ant |n 8a|ga|, C||amsga|
62
measues ano mon|to|ng oocesses. 1|e Comoany ata|neo
'.eo L|sc|age' status. 1|e gu|oe||nes o C8Ll ae cuent|y
be|ng ata|neo. 1|oug| eecnve wate consevanon, ecyc|e ano
euse met|oos, soec|c wate consumonon |s ma|nta|neo muc|
be|ow t|e C8Ll gu|oe||ne o MoLl.
So||d Waste Management
1|e ogan|sanon's extens|ve 88L acnv|nes |e|oeo |t |oenny
va|ous so||o wastes t|at can be useo as oooucnve |nouts.
1|e Comoany ousues t|e oo||cy o 38s - ecyc|e, eouce ano
euse - to manage |ts waste. Many |nnovanve ooects unoe
Wealth from Waste have been implemented for solid waste
un||sanon. 1|e Comoany's ma|n obecnve |s to tansom so||o
waste |nto wea|t|, ano oe|ve max|mum benets. 8ecent|y, uMl
(b|o-met|ananon o|ant) was |nsta||eo |n assoc|anon w|t| uA8C,
Mumba| o b|o-gas oooucnon. u|o-oegaoab|e mates om
es|oenna| aeas ae co||ecteo, segegateo ano eo |n t||s 3 1lL
uMl. lt |s t|e on|y o|ant o |ts ||no |n enne C||amsga|.
Accoo|ng to t|e l|y As| loncanon Law, w||c| came |nto
eect om 1999, !SlL |as ata|neo l|y As| un||sanon Status.
Steps have already been undertaken to achieve a level of 100%
fy as| un||sanon. 1|e as| |s oat|y useo o b|c| ma||ng,
as| oy|e |s|ng, oao ano emban|ment constucnon, cement
manuactu|ng ano |ano |||ng. A seoaate b|c| ma||ng o|ant |as
a|so been constucteo to un||se t|e fy as| geneateo om t|e
oowe o|ant.
Conserve Environment
!SlL connnues to |mo|ement t|e consevanon o natua|
esouces ano oo||unon conto| |n|nanves eatue as oat o |ts
ooeanon moou|e. Some o t|e |n|nanves acoss |ts aeas o
ooeanon ae o|scusseo be|ow:
lavesteo a|nwate ano unoetoo| mass tee o|antanon
ou|ng monsoon as egu|a eco-|eno|y eots
Constructed surface reservoirs with large water storage
capacity
uu||t |necnon we||s to |avest a|nwate ano eo|en|s|
ground-water levels
8ecyc|e 8 euse emuents to conseve wate
lnsta||eo fow metes |n a|| ma|e-uo wate ||nes o c|ose
mon|to|ng to oonm|se wate consumonon
Used waste material from the washery and the sponge iron
unit as a fuel in waste heat recovery boilers to generate power
un||seo cow oung ano oomesnc waste to geneate b|o gas
and bio manure
Used blast furnace waste gas in furnaces as a fuel to
conserve furnace oil
Conducted periodic energy audits and implemented energy
consevanon measues
useo fy as| b|c|s o constucnon
unoetoo| |age-sca|e b|o o|ves|eo aoestanon ano
|oncu|tue acnv|nes
ln|nateo mass|ve tee o|antanon o|ves
Lstab||s|eo a botan|ca| gaoen nameo Saneeven| uotan|ca|
la| to co||ect ae o|ants, o||age, cacn ano |eba| o|ants
Set uo San|van| lusey, 1au M|ta lusey, vasuno|aa
Nursery and others for in-house development of rare and
soec|a| fowe soec|es
le|oeo ceate a b|o-o|ves|ty latue la| w|t| exonc b|os
Developing a green belt
Green Commitments
63
8oard of D|rectors
Shr| Naveen I|nda|
Chairman
Shr| katan I|nda|
Director
Smt. Savitri Jindal
Smt. Sha||u I|nda|
Director
Shr| D|nesh kumar Saraog|
v|o|enme L|ecto
Shr| kav| Uppa|
Shr| k. ka[agopa|
Couo C||e l|nanc|a| Cmce
& Director
64
Shr| na|greve kha|tan
Shr| Sudershan kumar Garg
Shr| A[|t M. Ing|e
(lom|nee L|ecto, lLul uan| Lto.)
Shr| nard|p S|ngh W|rk
Shr| Arun kumar
Shr| k.V. Shah|
Shr| A.k. urwar
Board of Directors
65
Group Lxecunve Comm|uee
Shr| Naveen I|nda|
Chairman
Shr| Subrat katho
Managing Director -
Jindal Synfuels Limited
Shr| k. S. Sharma
Managing Director & CEO, JPL
Shr| Iayant kawa|e
Managing Director -
Hydro and Renewables, JPL
Shr| kav| Uppa|
Shr| Anand Goe|
Joint Managing Director
66
Shr| V. k. Sharma
Ly. Manag|ng L|ecto ano
CEO - Steel Business
Shr| k. ka[agopa|
Couo C||e l|nanc|a| Cmce
& Director
Shr| V|rendra kumar Mehta
L|ecto - Sa|es ano Ma|enng
Couo Lxecunve Comm|tee
Shr| ka[eev 8hadaur|a
Director - Group Human Resources
67
key erformance Ind|cators
(` |n Coe un|ess ot|ew|se stateo)
201213 201112 201011 200910 200809 200708 200607 200S06 20040S 200304
lnCCML S1A1LMLn1 ConsolldaLed SLandalone ConsolldaLed SLandalone ConsolldaLed SLandalone SLandalone SLandalone SLandalone SLandalone SLandalone SLandalone SLandalone
uCMLS1lC SALLS 20,110.03 1S,2S7.94 18,117.60 13,242.96 12,602.S6 9,06S.14 7,48S.17 7,436.16 S,478.62 3,326.9S 2,S06.10 2,120.83 1,309.69
EXPORTS 1,627.90 1,627.90 1,498.8S 1,498.8S 1,39S.83 1,39S.83 410.41 1,021.37 6S3.01 S92.84 371.8S 329.04 83.10
C1PL8 lnCCML 136.42 1S9.28 141.94 184.48 82.00 143.16 117.31 122.S2 49.12 28.97 27.S1 17.43 11.2S
GROSS SALES & OTHER
lnCCML
21,874.3S 17,04S.12 19,7S8.39 14,926.29 14,080.39 10,604.14 8,012.89 8,S80.0S 6,180.7S 3,948.76 2,90S.46 2,467.30 1,403.94
NET SALES & OTHER
lnCCML
19,943.20 1S,113.98 18,3S0.S4 13,S18.43 13,193.S9 9,717.34 7,484.90 7,799.43 S,4S9.87 3,S48.78 2,617.76 2,271.03 1,272.86
OPERATING PROFITS
(8lu1)
6,130.83 4,097.73 6,93S.11 4,246.97 6,398.S9 3,72S.71 2,612.13 2,603.82 2,162.61 1,431.S8 1,034.33 907.S4 S11.78
PROFIT AFTER TAX
(A1)
2,911.62 1,S92.SS 4,002.26 2,110.6S 3,804.01 2,064.12 1,479.68 1,S36.48 1,236.96 702.99 S72.94 S1S.70 30S.46
CASH PROFIT 4,S93.92 2,788.16 S,S7S.20 3,167.32 S,11S.02 2,91S.22 2,107.07 2,074.81 1,768.10 1,174.21 8S8.41 76S.76 434.2S
BALANCE SHEET
GROSS BLOCK 44,786.03 30,347.29 3S,802.11 2S,684.12 29,316.S0 19,86S.22 1S,249.49 9,680.92 6,S79.42 S,866.87 4,389.32 2,87S.98 1,966.97
NET BLOCK 37,3S7.49 2S,622.31 29,966.07 22,028.87 24,884.38 17,078.29 13,139.34 8,063.91 S,396.31 S,08S.12 3,846.99 2,S14.22 1,719.97
SHARE CAPITAL
LCul1? 93.48 93.48 93.48 93.48 93.43 93.43 93.12 1S.47 1S.40 1S.40 1S.40 1S.40 1S.40
PREFERENCE
NET WORTH 20,104.81 12,330.2S 17,931.20 10,831.31 14,088.10 8,686.1S 6,720.64 S,38S.11 3,722.12 2,47S.17 1,837.92 1,317 37 8S3.87
BORROWINGS 24,618.16 20,470.28 17,090.80 1S,714.32 13,976.S9 12,110.91 8,383.26 4,962.6S 3,863.3S 3,S07.72 2,74S.37 1,49S.86 1,02S.96
SIGNIFICANT RATIOS
OPERATINGPROFIT TO
nL1 SALLS ()
31 27 38 31 48 38 35 33 40 41 40 40 40
NET PROFIT TO NET
SALLS ()
15 11 22 16 29 22 20 20 23 20 22 23 24
TOTAL DEBT TO
LCul1? 8A1lC
1.1S 1.66 0.9S 1.4S 0.99 1.39 1.2S 0.92 1.03 1.40 1.49 1.13 1.09
8L1u8n Cn CAl1AL
LMLC?Lu ()
15 13 21 17 22 17 16 24 25 21 22 28 24
8L1u8n Cn nL1
WC81P ()
14 13 22 19 27 24 22 29 33 28 31 39 36
L8 LCul1? SPA8LS
8CCk vALuL (`) 21S.06 131.90 191.82 11S.87 1S0.79 92.9S 72.17 348.21 241.76 160.77 119.40 8S.60 SS.40
LS (AnnuALlSLu) (`) 31.13 17.04 42.42 22.S8 40.22 22.11 1S.90 16.S7* 13.39* 7.61* 6.20* S.S8* 3.34*
ulvluLnu 8A1L () 160 160 160 160 150 150 125 110* 80* 72* 60* 60* 40*
* normallsed on accounL of lssue of bonus shares ln Lhe rauo of S:1 durlng 2009-10
68
69
JSPL at a Glance Statutory Reports Financial Statements Coeanona| Cvev|ew
lonce
To,
The Members,
lonce |s |eeby g|ven t|at 34t| Annua| Cenea| Meenng o t|e
membes o t|e Comoany w||| be |e|o on Monoay, t|e 30t| oay
o Seotembe, 2013 at 12.00 noon at t|e eg|steeo omce o
t|e Comoany at C.l. !|noa| Mag, l|sa - 12S 00S, layana to
tansact t|e o||ow|ng bus|ness:
ORDINARY BUSINESS
1. 1o ece|ve, cons|oe ano aooot t|e ua|ance S|eet as at 31st
Mac|, 2013 ano lot 8 Loss Account o t|e nanc|a|
yea enoeo on t|at oate ano t|e 8eoots o L|ectos ano
Auo|tos t|eeon.
2. 1o oec|ae o|v|oeno on equ|ty s|aes.
3. 1o aooo|nt a L|ecto |n o|ace o S|| laveen !|noa| w|o
enes by otanon ano be|ng e||g|b|e oes ||mse| o
e-aooo|ntment.
4. 1o aooo|nt a L|ecto |n o|ace o S|| 8.v. S|a|| w|o
e-aooo|ntment.
S. 1o aooo|nt a L|ecto |n o|ace o S|| Aun luma w|o
e-aooo|ntment.
6. 1o aooo|nt M/s S.S. lot|a| Me|ta 8 Co., C|ateeo
Accountants (l|m 8eg|stanon no. 000/S6l) as Auo|tos
o t|e Comoany to |o|o omce om t|e conc|us|on o t||s
meenng uoto t|e conc|us|on o t|e next meenng ano to x
t|e| emuneanon.
SPECIAL BUSINESS
7. 1o cons|der and, |f thought ht, to pass w|th or w|thout
mod|hcanon(s) the fo||ow|ng reso|unon as an Crd|nary
keso|unon:
RESOLVED THAT |n accooance w|t| t|e oov|s|ons o
Secnon 2S/ ano a|| ot|e aoo||cab|e oov|s|ons, | any, o
t|e Comoan|es Act, 19S6, S|| 8av| uooa|, be ano |s |eeby
aooo|nteo as L|ecto o t|e Comoany, ||ab|e to ene by
otanon."
keso|unon:
t|e Comoan|es Act, 19S6, S|| Suoes|an luma Cag be
ano |s |eeby aooo|nteo as L|ecto o t|e Comoany, ||ab|e
to ene by otanon."
Notice
keso|unon:
t|e Comoan|es Act, 19S6, S|| L|nes| luma Saaog| be ano
|s |eeby aooo|nteo as L|ecto o t|e Comoany, ||ab|e to
ene by otanon."
keso|unon:
RESOLVED THAT ousuant to Secnons 198, 269, 309 ano
a|| ot|e aoo||cab|e oov|s|ons ano Sc|eou|e xlll to t|e
Comoan|es Act, 19S6 eao w|t| Anc|e 139 o t|e Anc|es
o Assoc|anon o t|e Comoany, S|| 8av| uooa| be ano |s
|eeby aooo|nteo as Manag|ng L|ecto 8 CLC o t|e
Comoany o ve yeas om 1st Cctobe, 2012 on t|e
o||ow|ng tems ano cono|nons:
(a) uas|c sa|ay o ` 9,16,66//- (8uoees n|ne |acs s|xteen
t|ousano s|x |unoeo s|xty seven on|y) oe mont|.
(b) l|ex|b|e Comoensanon l|an o ` 12,6S,000/- (8uoees
twe|ve |acs s|xty ve t|ousano on|y) oe mont|.
(c) lot s|a|ng oe annum Q 0.1 o t|e net oots
ae tax (lA1) as oe t|e conso||oateo nanc|a|
statements o t|e Comoany o t|e esoecnve
nanc|a| yeas.
(o) S|aes unoe Lmo|oyee Stoc| luc|ase Sc|eme -
2013 (!SlL LSlS 2013) wot| ` S0,00,000 (8uoees y
|acs on|y) oe annum, subect to equ|s|te aooova|s
unoe t|e Comoan|es Act, 19S6 ano SLul Cu|oe||nes/
8egu|anons etc.
(e) uenets, oequ|s|tes, a||owances, e|mbusements
ano ac|||nes as may be oetem|neo by t|e uoao,
om nme to nme.
RESOLVED FURTHER THAT notw|t|stano|ng anyt||ng to
t|e contay conta|neo |ee|nabove, w|ee |n any nanc|a|
yea ou|ng t|e cuency o ||s tenue, t|e Comoany |as no
oots o |ts oots ae |naoequate, t|e Comoany w||| oay
emuneanon by way o bas|c sa|ay, s|ae |n oot, S|aes
unoe !SlL LSlS 2013, benets, oequ|s|tes, a||owances,
e|mbusements ano ac|||nes as soec|eo above."
mod|hcanon(s), the fo||ow|ng reso|unon as an Crd|nary
keso|unon:
RESOLVED THAT ousuant to Secnons 198, 269, 309 ano
70
o Assoc|anon o t|e Comoany, S|| laveen !|noa| be ano |s
|eeby aooo|nteo as v|o|enme L|ecto o t|e Comoany
o ve yeas om 1st Cctobe, 2012 ano oes|gnateo as
C|a|man o t|e Comoany on t|e o||ow|ng tems ano
cono|nons:
(a) uas|c Sa|ay o ` 90,00,000 (8uoees n|nety |acs on|y)
oe mont| |n t|e oay sca|e o ` 90,00,000 - 10,00,000
- 1,30,00,000.
(b) S|ae |n oots o 1.S o net oots (on stanoa|one
bas|s) oe annum o t|e Comoany
(c) uenets, oequ|s|tes, a||owances, e|mbusements
om nme to nme.
t|e contay conta|neo |ee|n above, w|ee |n any nanc|a|
yea ou|ng t|e cuency o ||s tenue, t|e Comoany |as
no oots o |ts oots ae |naoequate, t|e Comoany w|||
oay emuneanon by way o bas|c sa|ay, s|ae |n oot,
benets, oequ|s|tes, a||owances, e|mbusements ano
ac|||nes as soec|eo above.
RESOLVED FURTHER THAT s|ae |n oots oayab|e to
S|| laveen !|noa| |n t|e caoac|ty o Manag|ng L|ecto o
t|e Comoany o t|e oe|oo om 1st Ao||, 2012 to 30t|
Seotembe, 2012 |s a|so ev|seo to 1.S o let lots (on
stanoa|one bas|s) oe annum o t|e Comoany o nanc|a|
yea 2012-13."
keso|unon:
RESOLVED THAT ousuant to Secnons 198, 269, 309
ano a|| ot|e aoo||cab|e oov|s|ons ano Sc|eou|e xlll to t|e
o Assoc|anon o t|e Comoany, S|| Sus||| Maoo be ano
|s |eeby aooo|nteo as Leouty Manag|ng L|ecto o t|e
Comoany o ve yeas om 1st Ao||, 2013 on t|e o||ow|ng
tems ano cono|nons:
(a) uas|c sa|ay o ` /,0S,128/- (8uoees seven |acs ve
t|ousano one |unoeo twenty e|g|t on|y) oe mont|.
(b) l|ex|b|e Comoensanon l|an o ` 9,/3,0///- (8uoees
n|ne |acs seventy t|ee t|ousano seventy seven on|y)
oe mont|.
(c) leomance baseo 1aget va|ab|e lay o
` 63,46,1SS/- (8uoees s|xty t|ee |acs oty s|x
t|ousano one |unoeo y ve on|y) oe annum.
1|e uoao may |ncease o oecease t||s amount
oeoeno|ng uoon ||s oeomance as oe Comoany's
lo||cy.
(o) Management lncennve o ` 1,00,00,000/- (8uoees
one coe on|y) on successu| como|enon o t|e taget
set unoe l8As o 2013-14.
om nme to nme.
emuneanon by way o bas|c sa|ay, management |ncennve,
benets, oequ|s|tes, a||owances, e|mbusements ano
ac|||nes as soec|eo above."
keso|unon:
RESOLVED THAT ousuant to t|e Secnons 198, 269,
309 ano ot|e aoo||cab|e oov|s|ons, Sc|eou|e xlll to
t|e Comoan|es Act, 19S6 ano Anc|e 139 o Anc|es o
Assoc|anon o t|e Comoany, S|| L|nes| luma Saaog|
be ano |s |eeby aooo|nteo as v|o|enme L|ecto o t|e
Comoany o a oe|oo o ve yeas w|t| eect om 9t|
lovembe, 2012 on t|e o||ow|ng tems ano cono|nons:
() uas|c sa|ay o ` 3,18,/01/- (8uoees t|ee |acs
e|g|teen t|ousano seven |unoeo one on|y) oe
mont|.
(g) l|ex|b|e Comoensanon l|an o ` 4,62,/2//- (8uoees
ou |acs s|xty two t|ousano seven |unoeo twenty
seven on|y) oe mont|.
(|) leomance baseo 1aget va|ab|e lay o ` 1,80,328/-
(8uoees one |ac e|g|ty t|ousano t|ee |unoeo
twenty e|g|t on|y) oe mont|. 1|e uoao may
|ncease o oecease t||s amount oeoeno|ng uoon ||s
oeomance as oe Comoany's lo||cy.
(|) uenets, oequ|s|tes, a||owances, e|mbusements
om nme to nme.
emuneanon by way o bas|c sa|ay, benets, oequ|s|tes,
a||owances, e|mbusements ano ac|||nes as soec|eo
above."
keso|unon:
RESOLVED THAT ousuant to Secnons 198, 309 ano
Comoan|es Act, 19S6, t|e Comoany |eeby aoooves
ev|s|on |n emuneanon o S|| 8av| uooa|, Manag|ng
L|ecto 8 CLC o t|e Comoany om 1st Ao||, 2013 |n t|e
o||ow|ng manne:
71
lonce
(a) uas|c sa|ay o ` 10,66,66//- (8uoees ten |acs s|xty s|x
t|ousano s|x |unoeo s|xty seven on|y) oe mont|.
(b) l|ex|b|e Comoensanon l|an o ` 14,/2,000/- (8uoees
outeen |acs seventy two t|ousano on|y) oe mont|.
(c) lot s|a|ng oe annum Q 0.1 o t|e net oots
ae tax (lA1) as oe t|e conso||oateo nanc|a|
statements o t|e Comoany o t|e esoecnve
nanc|a| yeas.
(o) S|aes unoe Lmo|oyee Stoc| luc|ase Sc|eme -
2013 (!SlL LSlS 2013) wot| ` S0,00,000 (8uoees y
|acs on|y) oe annum, subect to equ|s|te aooova|s
unoe t|e Comoan|es Act, 19S6 ano SLul Cu|oe||nes/
8egu|anons etc.
om nme to nme.
emuneanon by way o bas|c sa|ay, s|ae |n oot, s|aes
unoe !SlL LSlS 2013, benets, oequ|s|tes, a||owances,
e|mbusements ano ac|||nes as soec|eo above."
1S. 1o cons|der and, |f thought ht, to pass w|th or w|thout
keso|unon:
ev|s|on |n emuneanon o S|| Anano Coe|, !o|nt
Manag|ng L|ecto o t|e Comoany om 1st Ao||, 2013 |n
t|e o||ow|ng manne:
(a) uas|c sa|ay o ` /,69,231/- (8uoees seven |acs s|xty
n|ne t|ousano two |unoeo t||ty one on|y) oe
mont|.
(b) l|ex|b|e Comoensanon l|an o ` 10,61,S38/- oe
mont| (8uoees ten |acs s|xty one t|ousano ve
|unoeo t||ty e|g|t on|y) oe mont|.
` 69,23,0/S/- (8uoees s|xty n|ne |acs twenty t|ee
t|ousano seventy ve on|y) oe annum. 1|e uoao
may |ncease o oecease t||s amount oeoeno|ng
uoon ||s oeomance as oe Comoany's lo||cy.
(o) uenets, oequ|s|tes, a||owances, e|mbusements
om nme to nme.
a||owances, e|mbusements, va|ab|e oay ano ac|||nes as
soec|eo above."
keso|unon
ev|s|on |n emuneanon o S|| L|nes| luma Saaog|,
v|o|enme L|ecto o t|e Comoany om 1st Ao||, 2013 |n
t|e o||ow|ng manne:
(a) uas|c sa|ay o ` 3,S2,000/- (8uoees t|ee |acs y
two t|ousano on|y) oe mont|.
(b) l|ex|b|e Comoensanon l|an o ` 4,8S,/61/- (8uoees
ou |acs e|g|ty ve t|ousano seven |unoeo s|xty one
on|y) oe mont|.
` 26,40,000/-(8uoees twenty s|x |acs oty t|ousano
on|y). 1|e uoao may |ncease o oecease t||s
amount oeoeno|ng uoon ||s oeomance as oe
Comoany's lo||cy.
(o) uenets, oequ|s|tes, a||owances, e|mbusements
om nme to nme.
a||owances, e|mbusements, va|ab|e oay ano ac|||nes as
soec|eo above."
l|ace : lew Le||| uy ooe o t|e uoao
Lateo : 9t| August, 2013
keg|stered Cmce: T.K. Sadhu
C.l. !|noa| Mag,
l|sa - 12S 00S
layana
Comoany Secetay
72
NC1LS:
1. A MEMBER ENTITLED TO ATTEND AND VOTE IS ENTITLED
TO APPOINT A PROXY TO ATTEND AND VOTE INSTEAD OF
HIMSELF AND THE PROXY NEED NOT BE A MEMBER.
2. A b|an| ooxy om |s sent |eew|t|.
3. 1|e |nstument aooo|nnng ooxy s|ou|o be oeoos|teo at
eg|steeo omce o t|e Comoany not |ess t|an 48 |ous
beoe t|e commencement o t|e meenng.
4. An Lxo|anatoy Statement ousuant to Secnon 1/3 (2) o
t|e Comoan|es Act, 19S6, |n esoect o |tems / to 16 o t|e
lonce |s annexeo |eeto.
S. A|| oocuments eeeo to |n t|e accomoany|ng lonce
ano Lxo|anatoy Statement ae ooen to |nsoecnon at t|e
8eg|steeo Cmce o t|e Comoany ou|ng omce |ous on
a|| wo||ng oays uo to t|e oate o Annua| Cenea| Meenng
between 11:00 AM ano 1:00 lM.
EXPLANATORY STATEMENT PURSUANT TO SECTION
173(2) CI 1nL CCMANILS AC1, 19S6
keso|unon No 7, 8 & 9:
S|| 8av| uooa| was aooo|nteo as an Aoo|nona| L|ecto w|t|
eect om 1st Cctobe, 2012 by t|e uoao o L|ectos t|oug|
eso|unon oasseo by c|cu|anon on 29t| Seotembe, 2012. S||
Suoes|an luma Cag ano S|| L|nes| luma Saaog| wee
aooo|nteo as Aoo|nona| L|ectos by t|e uoao o L|ectos |n
t|e| meenng |e|o on 9t| lovembe, 2012. As oe oov|s|ons o
Secnon 260 o t|e Comoan|es Act, 19S6, t|ey |o|o t|e omce o
Aoo|nona| L|ecto uo to t|e ensu|ng Annua| Cenea| Meenng
o t|e Comoany. lusuant to Secnon 2S/ o t|e Comoan|es Act,
19S6, t|e Comoany |as ece|veo nonces a|ong w|t| t|e oeoos|t
o ` S00/- om t|em oe|ng t|e| cano|oatue o aooo|ntment
as L|ecto o t|e Comoany, ||ab|e to ene by otanon.
1|e uoao ecommenos t|ese eso|unons o you aooova|. S||
8av| uooa|, S|| Suoes|an luma Cag ano S|| L|nes| luma
Saaog| ae |nteesteo |n t|ese eso|unons uoto t|e extent o
t|e| aooo|ntment.
keso|unon No 10:
S|| 8av| uooa| |s u.1ec| (Mec|an|ca|) om ll1, Le|||, MuA om
llM, A|meoabao ano |as a|so oone Aovanceo Management
logam om v|aton uus|ness Sc|oo|, uSA. le b|ngs w|t|
||m moe t|an 3/ yeas o exoe|ence o wo||ng |n eng|nee|ng
ano |nastuctua| segments |n lno|a ano aboao. le |as
wo|eo at va|ous sen|o manage|a| oos|nons |n Lasen 8
1oubo L|m|teo, Auu lno|a ano vo|vo lno|a, among t|em be|ng,
v|o|enme L|ecto ano les|oent 8 CLC - lowe at Lasen 8
1oubo Couo, les|oent - C|oba| Ma|ets 8 1ec|no|ogy w|t|
Auu Couo ano Membe o Couo Lxecunve Comm|tee o Auu
Couo, .u|c|, Sw|tze|ano ano C|a|man o Auu lno|a, ouno|ng
Manag|ng L|ecto 8 County Manage o vo|vo lno|a. Amongst
many |onous |e |as ece|veo, S|| 8av| uooa| was awaoeo t|e
8oya| Coe o t|e lo|a Sta by t|e l|ng o Sweoen ano nameo
a ln|g|t o t||s Coe |n ecogn|non o ||s |nva|uab|e sev|ces to
Sweoen. le was a|so bestoweo t|e Ma|enng Awao 200S by t|e
lnsntute o Ma|enng Management, lno|a ano nameo among
'lno|a's uest o t|e uest' by t|e magaz|ne 'Smat Manage'. le
|as a|so been |onoueo as a L|snngu|s|eo A|umnus by ll1, Le|||.
le |s a membe o vo||ng Comm|tee o l|ann|ng Comm|ss|on
o 1ec|no|ogy ano lnousty o 12t| o|an. 1|e lom|nanon ano
8emuneanon Comm|tee o t|e uoao |ao ecommenoeo ||s
aooo|ntment ano tems o emuneanon |n |ts meenng |e|o on
29t| Seotembe, 2012. 1|e uoao, t|oug| eso|unon oasseo
by c|cu|anon, |as aooo|nteo ||m as an Aoo|nona| L|ecto ano,
subect to you aooova|, as Manag|ng L|ecto 8 CLC w|t| eect
om 1st Cctobe, 2012 on tems ano cono|nons as mennoneo |n
eso|unon lo. 10.
As oe Secnon l o lat-ll o Sc|eou|e xlll to t|e Comoan|es Act,
19S6, | t|e Comoany |as aoequate oots, t|e uoao may x
emuneanon w|t||n t|e ce|||ng as oov|oeo |n Secnon 198 ano
309 o t|at Act w||c| |s 10 o t|e net oots. As oe auo|teo
accounts o t|e nanc|a| yea 2012-13, t|e Comoany |as eaneo
net oot o ` 1,S92.SS coes, w||c| |s cons|oeeo sumc|ent
o t|e ouoose o oayment o emuneanon to t|e manage|a|
oesonne| o t|e Comoany |nc|uo|ng ||m.
1|e tems ano cono|nons |nc|uo|ng oeta||s o emuneanon
g|ven |n eso|unon lo. 10 may be teateo as abstact o tems
o aooo|ntment o S|| 8av| uooa| unoe Secnon 302 o t|e
Comoan|es Act, 19S6.
1|e uoao ecommenos t||s eso|unon o you aooova|. S||
8av| uooa| |s |nteesteo |n t||s eso|unon.
keso|unon No 11:
S|| 8av| uooa| |s u.1ec| (Mec|an|ca|) om ll1, Le|||, MuA om
llM, A|meoabao ano |as a|so oone Aovanceo Management
logam om v|aton uus|ness Sc|oo|, uSA. le b|ngs w|t|
||m moe t|an 3/ yeas o exoe|ence o wo||ng |n eng|nee|ng
ano |nastuctua| segments |n lno|a ano aboao. Cons|oe|ng
||s exoe|ence ano |now|eoge, |e was aooo|nteo as Manag|ng
L|ecto 8 CLC o t|e Comoany om 1st Cctobe, 2012.
S|| laveen !|noa| |ao es|gneo om t|e oos|non o Manag|ng
L|ectos||o o t|e Comoany w|t| eect om 1st Cctobe, 2012.
Cons|oe|ng ||s cont|bunon |n gu|o|ng ano manag|ng t|e aa|s
o t|e Comoany o |ast 14 yeas om one |eve| o gowt| to
anot|e ||g|e |eve|, ||s exoe|ence ano |now|eoge |n t|e e|o o
stee| ano oowe ano |eeo|ng |n v|ew t|at ||s connnueo gu|oance
wou|o be o |mmense benet to t|e Comoany |n exoans|on ano
o|ves|canon, t|e uoao o L|ectos |ao, t|oug| eso|unon
oasseo by c|cu|anon ano subect to you aooova|, aooo|nteo
S|| laveen !|noa| as v|o|enme L|ecto om 1st Cctobe, 2012.
1|e lom|nanon ano 8emuneanon Comm|tee o t|e uoao |ao
73
lonce
ecommenoeo ||s aooo|ntment ano tems o emuneanon |n |ts
meenng |e|o on 29t| Seotembe, 2012.
S|| laveen !|noa|, |o|os a maste's oegee |n bus|ness
management om t|e un|ves|ty o 1exas at La||as, uSA. le was
||steo among 2S lno|ans w|o wee oat o t|e annua| ||st o 2S0
C|oba| ?oung Leaoes |n 200/ oeoaeo by t|e vo|o Lconom|c
loum. le |as been an|eo as lno|a's uest CLC by t|e u1-llSLAL-
lu8 Stuoy o t|e too va|ue ceatos o t|e oe|oo 199S to 2011
by t|e uus|ness 1ooay. le |as a|so been an|eo among t|e
too ten lno|a lnc's Most loweu| CLC'S 2011 ||st by Lconom|c
1|mes-Coooate Loss|e. le |as been coneeo w|t| t|e Lnst
ano ?oung Lnteoeneu o t|e yea awao 2010 |n t|e e|o o
Lnegy 8 lnastuctue. le was e-e|ecteo to lno|an la||ament
|n 2009 |n t|e 1St| Lo| Sab|a e|ecnons. le |s a membe o lub||c
Accounts Comm|tee ano ot|e la||amentay Comm|tees.
o aooo|ntment o S|| laveen !|noa| unoe Secnon 302 o t|e
1|e uoao ecommenos t||s eso|unon o you aooova|.
S|| laveen !|noa| |s |nteesteo |n t||s eso|unon.
keso|unon No 12:
S|| Sus||| Maoo, |o|os bac|e|o's oegee |n Commece om
t|e un|ves|ty o 8aast|an ano |s a C|ateeo Accountant. le
|as ove 28 yeas o exoe|ence |n t|e e|os o nance, accounts
ano coooate aa|s. ueoe o|n|ng t|e Comoany, |e seveo |n
l|noustan Leve L|m|teo, vo|tas L|m|teo, C|amba| len||ses ano
C|em|ca|s L|m|teo ano oossesses vast nanc|a| ano manage|a|
exoe|ence. le o|neo t|e Comoany |n 2001 as v|ce les|oent-
l|nance ano was e|evateo to t|e oos|non o v|o|enme L|ecto
on 20t| May, 2004. le was Ly. Manag|ng L|ecto o !|noa|
lowe L|m|teo (!lL) ano Couo ClC om 18t| !une, 2008 uoto
31st Mac|, 2013. le was |nstumenta| |n nanc|a| o|ann|ng ano
|n ac||ev|ng nanc|a| c|osues o t|e 1,000 Mv mega oowe
ooect o !lL.
le |s t|e lounoe C|a|man o lnoo-Ceog|an C|ambes o
Commece estab||s|eo |n 2010 at Ceog|a, Co-C|a|man o
ASSCClAM lanona| Counc|| on M|nes ano M|nea|s, C|a|man
o ASSCClAM lanona| Counc|| on lno|a - Lann Ame|can
Count|es uus|ness lomonon Counc||, C|a|man o lnoo-Ceman
C|ambes o Commece, membe o Lxoet Comm|tee on lon
ano Stee| ano t|e membe o exoet Comm|tee on uan||ng |n
t|e leoeanon o lno|an C|ambes o Commece ano lnousty,
membe o Coven|ng Comm|tee o Soonge lon Manuactues
Assoc|anon (SlMA).
1|e lom|nanon ano 8emuneanon Comm|tee o t|e uoao
|ao ecommenoeo ||s aooo|ntment |n |ts meenng |e|o on 26t|
Mac|, 2013 ano tems o emuneanon |n |ts meenng |e|o on
24t| Ao||, 2013. 1|e uoao |ao, subect to you aooova|, |n |ts
meenng |e|o on 26t| Mac|, 2013, aooo|nteo ||m as Leouty
Manag|ng L|ecto w|t| eect om 1st Ao||, 2013.
o aooo|ntment o S|| Sus||| Maoo unoe Secnon 302 o t|e
Sus||| Maoo |s |nteesteo |n t||s eso|unon.
keso|unon No 13:
S|| L|nes| luma Saaog| |s u.L. (Mec|an|ca|) om Covenment
Lng|nee|ng Co||ege, !aba|ou ano |as exoe|ence o moe t|an
31 yeas |n t|e e|o o stee| ano oowe. le |as been wo||ng
w|t| t|e Comoany s|nce 1988 on va|ous sen|o oos|nons ano
|s oesent|y |eao|ng t|e |ntegateo stee| ooect be|ng set uo
at Angu|, Co|s|a. le was ea||e Lxecunve les|oent ano leao,
S|aoeeo lon 8 Stee| LLC |n Cman. le was g|ven t|e c|age o t|e
Cman ooeanons |mmeo|ate|y ae t|e acqu|s|non o S|aoeeo
lon ano Stee| LLC |n !u|y 2010. unoe ||s ab|e |eaoes||o, t|e
o|ant stateo oooucnon a|eao o sc|eou|e w|t| t|e oooucnon
o lot u|queteo lon (lul) on St| Lecembe, 2010. 1|e
lom|nanon ano 8emuneanon Comm|tee o t|e uoao |ao
ecommenoeo ||s aooo|ntment ano tems o emuneanon |n |ts
meenng |e|o on 9t| lovembe, 2012. 1|e uoao, |ao, subect
to you aooova|, at |ts meenng |e|o on 9t| lovembe, 2012
aooo|nteo ||m as v|o|enme L|ecto.
74
g|ven |n eso|unon lo. 13 may be teateo as abstact o tems o
aooo|ntment o S|| L|nes| luma Saaog| unoe Secnon 302 o
t|e Comoan|es Act, 19S6.
L|nes| luma Saaog| |s |nteesteo |n t||s eso|unon.
keso|unon No 14, 1S & 16 :
ln v|ew o t|e| status |n t|e |nousty, stanoao ano cost o ||v|ng,
|nceas|ng esoons|b|||nes on account o exoano|ng bus|ness
acnv|nes w|t||n lno|a ano aboao, nme ano eot out |n by t|em
towaos manag|ng aa|s o t|e Comoany, oynam|c |nousty
scena|o ano bus|ness neeos ano on t|e ecommenoanon o
lom|nanon ano 8emunanon Comm|tee o t|e uoao ano
subect to you aooova|, t|e uoao |as, ev|seo t|e emuneanon
o S|| 8av| uooa|, S|| Anano Coe| ano S|| L|nes| luma Saaog|
w|t| eect om 1st Ao||, 2013 as conta|neo |n eso|unon lo. 14,
1S 8 16. S|| Anano Coe| |as es|gneo om t|e o|ectos||o o
t|e Comoany om t|e c|ose o t|e bus|ness |ous o 31st May,
2013 ano as suc| |e |as been oa|o ev|seo emuneanon o t|e
mont| o Ao|| ano May, 2013 on|y.
/ ev|se emuneanon w|t||n t|e ce|||ng as oov|oeo |n Secnon
198 ano 309 o t|at Act w||c| |s 10 o t|e net oots. As oe
auo|teo accounts o t|e nanc|a| yea 2012-13, t|e Comoany
|as eaneo net oot o ` 1,S92.SS coes, w||c| |s cons|oeeo
sumc|ent o t|e ouoose o oayment o ooooseo emuneanon
to t|e manage|a| oesonne| o t|e Comoany. ln tems o Secnon
310 ano ot|e aoo||cab|e oov|s|ons eao w|t| Sc|eou|e xlll to t|e
Comoan|es Act, 19S6, t|e uoao may ev|se t|e emuneanon
subect to aooova| o t|e s|ae|o|oes |n genea| meenng. 1|e
uoao cons|oeeo t|e mate |n |ts meenng |e|o on 2St| Ao||,
2013 ano ecommenos t|ese eso|unons o you aooova|.
1|e tems o ev|s|on o emuneanon g|ven |n t|e sa|o eso|unons
may be teateo as an abstact o tems o emuneanon o t|e
sa|o L|ectos unoe secnon 302 o t|e Comoan|es Act, 19S6.
S|| 8av| uooa|, S|| Anano Coe| ano S|| L|nes| luma Saaog|
ae |nteesteo |n t|e| esoecnve eso|unons.
l|ace : lew Le||| uy ooe o t|e uoao
Lateo : 9t| August, 2013
keg|stered Cmce: T.K. Sadhu
C.l. !|noa| Mag,
l|sa - 12S 00S
layana
Comoany Secetay
75
lonce
FOR ATTENTION OF SHAREHOLDERS
1. 8eg|ste o membes ano s|ae tanse boo|s o t|e
Comoany w||| ema|n c|oseo om 1/t| Seotembe, 2013
to 20t| Seotembe, 2013 (bot| oays |nc|us|ve) ano t|e
o|v|oeno, | oec|aeo by t|e membes, s|a|| be oa|o to t|ose
membes w|ose names, |n case o s|aes |e|o |n e|ecton|c
om (Lemat lom), aooea as benec|a| ownes, as at c|ose
o bus|ness |ous on 16t| Seotembe, 2013 ano o s|aes
|e|o |n o|ys|ca| om aooea |n t|e 8eg|ste o membes on
20t| Seotembe, 2013 ae g|v|ng eect to a|| va||o tanses
|n o|ys|ca| om |oogeo w|t| t|e Comoany ano 8eg|sta
ano 1anse Agent on o beoe 16t| Seotembe, 2013. 1|e
o|v|oeno on equ|ty s|aes, | oec|aeo at t|e meenng, w|||
be ceo|teo/ o|st|buteo between 30t| Seotembe, 2013
ano 29t| Cctobe, 2013.
2. 1|e M|n|sty o Coooate Aa|s, Covenment o lno|a,
v|oe |ts Cenea| C|cu|a lo. 2/2011 oateo 8t| lebuay,
2011, |as g|ven genea| exemonon to t|e comoan|es
om atac||ng t|e ua|ance S|eet ano ot|e oocuments
o subs|o|ay comoan|es as equ|eo unoe Secnon 212(1)
o t|e Comoan|es Act, 19S6, w|t| Annua| Accounts o
t|e Comoany | t|e uoao o L|ectos so oec|oes. 1|e
uoao o L|ectos |as, |n |ts meenng |e|o on 2St| Ao||,
2013, oec|oeo not to atac| t|e ua|ance S|eet ano ot|e
oocuments o t|e subs|o|ay comoan|es w|t| t|e Annua|
Accounts o t|e Comoany. l|ease note t|at t|e o||ow|ng
|nomanon |as been o|sc|oseo, at an aoooo|ate o|ace, |n
t||s 8eoot |n esoect o eac| subs|o|ay comoany.
(|) Cao|ta| (||) 8eseves (|||) 1ota| Assets (|v) 1ota| L|ab|||nes
(v) Leta||s o lnvestments (exceot |n case o |nvestment |n
t|e subs|o|a|es) (v|) 1unove (v||) lot beoe 1axanon
(v|||) lov|s|on o 1axanon (|x) lot ae 1axanon (x)
loooseo L|v|oeno.
1|e Comoany unoeta|es t|at Annua| Accounts o t|e
Subs|o|ay comoan|es name|y:-
S.No Name of the Company
1 !|noa| lowe L|m|teo
2 !|noa| Synue|s L|m|teo
3 utan lot| M|n|ng Comoany L|m|teo
4 Amb|nous lowe 1ao|ng Comoany L|m|teo
S lama|a lyoo L|ect|c lowe Comoany Lto
6 Atun|| lyoo L|ect|c lowe Comoany L|m|teo
/ Lta||n lyoo L|ect|c lowe Comoany L|m|teo
8 !|noa| lyoo lowe L|m|teo
9 !|noa| lowe 1ansm|ss|on L|m|teo
10 !|noa| lowe L|st|bunon L|m|teo
11 !|noa| Stee| 8 lowe (Mau|nus) L|m|teo
12 !|noa| Stee| uo||v|a SA
13 S|y||g| Cveseas L|m|teo
14 Lnou|ng Cveseas lnc
1S lamony Cveseas L|m|teo
16 !|n A|ca L|m|teo
1/ !|noa| A|ca lnvestments (lty) L|m|teo
18 !|noa| A|ca L|be|a L|m|teo
19 !|noa| A|ca SA
20 !|noa| uotswana (lty) L|m|teo
21 !|noa| uas|| M|neao S/A
22 !|noa| uvl Lto
23 ClC lntenanona| uabaoos Coo
24 !|noa| lnvestment lo|o|ngs L|m|teo
2S !|noa| Maoagasca SA8L
26 !|noa| M|n|ng 8 Lxo|oanon L|m|teo
2/ !|noa| M|n|ng lam|b|a (lty) L|m|teo
28 !|noa| Stee| 8 M|nea|s .|mbabwe L|m|teo
29 !|noa| Stee| 8 lowe (uC) L|m|teo
30 !|noa| Stee| ano lowe(Austa||a) lty L|m|teo
31 !|noa| 1anzan|a L|m|teo
32 !|noa| .amb|a L|m|teo
33 !SlL Mozamb|que M|nea|s LLA
34 !ub||ent Cveseas L|m|teo
3S Cs|o Maoagasca SA8L
36 l1 !|noa| Cveseas
3/ S|aoeeo lon 8 Stee| LLC
38 1ab|et u|ue 1aoe ano lnvest (lty) L|m|teo
39 1ans As|a M|n|ng lte. L|m|teo
40 1ans At|annc 1ao|ng L|m|teo
41 v|s|on Cveseas L|m|teo
42 lanacoe lnvestment Lto,
43 ue|oe Lmoeeno|mentos M|ne|os LLA
44 !|noa| lnvesnmentos L|m|taoa
4S !|noa| M|n|ng SA (lty) L|m|teo
46 Lasten So||o lue|s (lty) L|m|teo
4/ Cas 1o L|qu|o lntenanona| SA
48 l1 ull M|n|ng
49 l1. Sumbe Suya Cem||ang
S0 l1. Mauwa| uaa Abao|
S1 uon-1ea M|n|ng (lty) L|m|teo
S2 ClC (uabaoos) lo|o|ng Coo
76
S3 ClC Lnegy (ua|amas) L|m|teo
S4 !|noa| Lnegy (uotswana) lty L|m|teo
SS !|noa| Lnegy (SA) lty L|m|teo
S6 ClC 1ansa|ca (uabaoos) Coo
S/ !|noa| 8esouces (uotswana) lty L|m|teo
S8 1ans A|ca 8a|| (lty) L|m|teo
S9 Sao-L|ec (lty) L|m|teo
60 ClC (uabaoos) M|n|ng Coo
61 ClC (uabaoos) Lnegy Coo
62 Meeoong 8esouces (Mau|tus) lty L|m|teo
63 Meeoong 8esouces (lty) L|m|teo
64 Meeoong Lnegy (Mau|tus) lty L|m|teo
6S Meeoong Lnegy (lty) L|m|teo
66 Meeoong Sev|ce (lty) L|m|teo
6/ Meeoong vate (lty) L|m|teo
68 Coe Amb|non L|m|teo
69 Coe lote L|m|teo
/0 Coe lnteg|ty L|m|teo
/1 Coe v|s|on L|m|teo
w||| be maoe ava||ab|e to t|e |nvestos o t|ese Subs|o|ay
comoan|es ano t|e Comoany as ano w|en t|ey oemano.
1|e Annua| Accounts o t|ese Subs|o|ay comoan|es
w||| a|so be |eot o |nsoecnon by any |nvestos at t|e
eg|steeo omce o t|e Comoany as we|| as t|ese Subs|o|ay
Comoan|es.
3. Membes oes||ng any |nomanon / c|a|canon on t|e
accounts ae equesteo to w|te to t|e Comoany at |east
seven oays |n aovance so as to enab|e t|e management to
|eeo |nomanon eaoy at t|e Annua| Cenea| Meenng.
4. Membes ae equesteo to note t|at A|an||t Ass|gnments
L|m|teo, A|an||t louse, 2L/21, !|anoewa|an Lxtn., lew
Le|||-1100SS, |s t|e 8eg|sta ano 1anse Agent to |oo|
ae t|e wo| e|ateo to s|aes |e|o |n o|ys|ca| ano
oemate|a||seo om.
S. Membes ae equesteo to |mmeo|ate|y nony to t|e
8eg|sta ano 1anse Agent any c|ange |n t|e| aooess
|n esoect o s|aes |e|o |n o|ys|ca| om ano to t|e|
Leoos|toy lanc|oants (Lls) |n esoect o s|aes |e|o |n
t|e oemate|a||seo om.
6. ln accooance w|t| t|e oov|s|ons o C|ause SA o t|e ||snng
ageement, t|e Comoany |ao ooeneo a oemat account
name|y '!|noa| Stee| 8 lowe L|m|teo- unc|a|meo Susoense
Account' w|t| A|an||t Ass|gnments L|m|teo ano tanseeo
39,86,01S s|aes o 1,/84 membes to t||s account. lo
c|a|m|ng t|ese s|aes o|ease w|te to t|e Comoany at 28,
laaga| 8oao, lew Le|||-11001S, 011-4S021814-822, ax
011-4S021828, e-ma||: |nvestocaeQ|noa|stee|.com.
/. 1|e Cost Auo|tos o t|e Comoany, M/s 8amanat| lye ano
Co., (l8l 00019) Cost Accountants, 808, lea|s uus|ness
la|, leta| Subas| l|ace, l|tamoua, lew Le|||-110088
|ave |eo t|e Cost Auo|t 8eoot o nanc|a| yea 2011-12
|n xu8L om on 8t| !anuay, 2013. 1|e oate o ||ng t|e
eoot was extenoeo by t|e Cost Auo|t uanc| o M|n|sty
o Coooate Aa|s om nme to nme to enab|e ||ng o
t||s eoot |n xu8L. 1|e uoao o L|ectos |as aooo|nteo
M/s 8amanat| lye ano Co. (l8l 00019) as Cost Auo|to o
auo|nng t|e cost accounnng ecoos o bus|ness acnv|nes
e|anng to stee|, cement ano mac||ney o t|e nanc|a|
yea 2013-14.
8. 1|e M|n|sty o Coooate Aa|s |as ta|en a Ceen
ln|nanve |n t|e Coooate Covenance" by a||ow|ng
oaoe|ess como||ances by comoan|es ano |as to t||s eect
|ssueo c|cu|a numbe 1//2011 on 21st Ao||, 2011 ano
18/2011 on 29t| Ao||, 2011. 1|e Comoany |s seno|ng
t|e Annua| 8eoot |nc|uo|ng t|e lonce o Annua| Cenea|
Meenng, auo|teo nanc|a| statements, L|ectos' 8eoot,
Auo|tos' 8eoot a|ong w|t| t|e| annexues etc. o t|e
nanc|a| yea 2012-13 |n t|e e|ecton|c mooe to t|e
s|ae|o|oes w|o |ave eg|steeo t|e| e-ma|| |os w|t| t|e
Comoany ano / o t|e| esoecnve Leoos|toy lanc|oants
(Lls). 1|e oocuments be|ng seveo |n e|ecton|c om
w||| a|so be ava||ab|e on comoany's coooate webs|te
www.|noa|stee|oowe.com. ln case you oes|e to ece|ve
t|e oocuments mennoneo above |n o|ys|ca| om, you ae
equesteo to |nnmate t|e Comoany at 28, laaga| 8oao,
lew Le|||-11001S, 011-4S021814-822, ax 011-4S021828,
e-ma||: |nvestocaeQ|noa|stee|.com.
S|ae|o|oes |o|o|ng s|aes |n o|ys|ca| mooe ae
equesteo to eg|ste t|e| e-ma|| |os w|t| t|e Comoany
ano s|ae|o|oes |o|o|ng s|aes |n e|ecton|c mooe ae
equesteo to uooate t|e| e-ma|| |os w|t| t|e| esoecnve
Lls o ouoose o seno|ng oocuments ano coesoonoence
|n e|ecton|c mooe.
9. l|ease b|ng a cooy o Annua| 8eoot ano ou|y ||eo |n
atenoance s||o o ateno|ng t|e Annua| Cenea| Meenng.
77
lonce
10. ulCLAlMLL / ullAlL LlvlLLlL
ln tems o Secnon 20SC o t|e Comoan|es Act, 19S6, t|e Centa| Covenment |as estab||s|eo lnvesto Loucanon ano lotecnon
luno" (lLll) ano any amount o o|v|oeno / xeo oeoos|t etc. ema|n|ng unc|a|meo / unoa|o o a oe|oo o seven yeas om t|e
oate |t becomes oue o t|e oayment s|ou|o be tanseeo to t||s uno. lo||ow|ng tab|e g|ves |nomanon e|anng to unoa|o
o|v|oeno accounts ano |ast oates o c|a|m.
S. No. Year Descr|pnon Date of Dec|aranon Last Date of Claiming
Dividend
1 200S-06 L|v|oeno Q 200 2/t| Seotembe, 2006 26t| Seotembe, 2013
2 2006-0/ lnte|m L|v|oeno Q 120 29t| !anuay, 200/ 28t| !anuay, 2014
3 2006-0/ L|v|oeno Q 240 28t| Seotembe, 200/ 2/t| Seotembe, 2014
4 200/-08 lnte|m L|v|oeno Q 1S0 18t| lebuay, 2008 1/t| lebuay, 201S
S 200/-08 L|v|oeno Q 2S0 26t| Seotembe, 2008 2St| Seotembe, 201S
6 2008-09 L|v|oeno Q SS0 29t| Seotembe, 2009 28t| Seotembe, 2016
/ 2009-10 L|v|oeno Q 12S 28t| Seotembe, 2010 2/t| Seotembe, 201/
8 2010-11 L|v|oeno Q1S0 29t| Seotembe, 2011 28t| Seotembe, 2018
9 2011-12 L|v|oeno Q160 26t| Seotembe, 2012 2St| Seotembe, 2019
1|ose w|o |ave not ece|veo/ encas|eo t|e| o|v|oeno waants w|t| esoect to above o|v|oenos may o|ease coesoono w|t| t|e
Comoany o c|a|m|ng t|e unc|a|meo amount.
lC Cll1 1C uL LlS18luu1LL ll 1lL AlluAL CLlL8AL MLL1llC"
78
To
The Members,
Your Directors are pleased to present the 34th Annual Report together with the Statement of Accounts
for the year ended on 31st March, 2013.
AUDITED FINANCIAL RESULTS
(` in Crore)
arncu|ars
Standa|one Conso||dated
I|nanc|a| ear
ended 31st
March, 2013
Financial Year
ended 31st
March, 2012
I|nanc|a| ear
ended 31st
March, 2013
Financial Year
ended 31st
March, 2012
Sales & other income 15,113.98 13,518.43 19,943.20 18,350.54
lot beoe nance
cost ano oeoec|anon
4,097.73 4,246.97 6,130.83 6,935.11
lot beoe tax 2,228.50 2,843.01 3,833.45 5,188.60
lot ae tax 1,592.55 2,110.65 2,911.62 4,002.26
Aoooo|anons:
Interim dividend - - 4.82 4.82
Final dividend 149.57 149.46 149.57 149.46
Coooate tax on
dividend
3.32 3.15 25.20 25.03
General reserve 175.00 220. 00 175.00 222.54
1nL CCMAN
HAS, on a consolidated
bas|s, ac||eveo an
aggregate income
of ` 19,943.20 crore
compared to previous
years ` 18,350.54
coe. lot beoe tax
is ` 3,833.45 crore in
2012-13 as compared
to ` 5,188.60 crore in
2011-12. lot ae tax
is ` 2,911.62 crore in
2012-13 as compared to
` 4,002.26 crore in
2011-12. The Reserves
and Surplus have touched
` 21,158.78 crore.
D|rectors' keport
79
DIVIDEND
Your Directors recommend a dividend of ` 1.60 per
equity share of ` 1/- eac| |.e 160 o t|e nanc|a|
year 2012-13. The total dividend pay-out for the
year will amount to ` 149.S/ coe (exc|uo|ng
o|v|oeno tax).
OPERATIONAL REVIEW
1|e Comoany |as, on a conso||oateo bas|s,
achieved an aggregate income of ` 19,943.20 crore
compared to previous years ` 18,350.54 crore.
lot beoe tax |s ` 3,833.45 crore in 2012-13 as
compared to ` S,188.60 coe |n 2011-12. lot
ae tax |s ` 2,911.62 crore in 2012-13 as compared
to ` 4,002.26 crore in 2011-12. The Reserves and
Surplus have touched ` 21,158.78 crore.
Sponge Iron
The Company produced 13,19,976 tonnes of
Sponge Iron during the year under report as against
oev|ous yea's oooucnon o 13,19,940 tonnes
ano ac||eveo a caoac|ty un||sanon o about 9/.
Stee|
1|e oooucnon o stee| oooucts ou|ng t|e yea
under report, compared to previous year is given
be|ow:
S|.
No.
roduct roducnon |n M1s
(2012-13) (2011-12)
1 Finished steel
products
21,43,750 18,32,261
2 Semi steel
products
30,23,974 27,59,126
e||et
The Company produced 40,42,025 MT of pellets
during the year under report as against 37,36,915
MT in the previous year.
ower
The Company generated 6,028 million Kwh of
power during the year under report as against last
years 4,725 million Kwh of power registering an
increase of 28%
ka|pur Un|t
8a|ou un|t ooouceo 1,933 M1 o casnngs ano |as
done machining of 12,510 MT as against 2,525 MT
ano 9,060 M1 esoecnve|y |n t|e oev|ous yea.
M|n|ng
1|e oooucnon o ca||bateo |on oe at caonve
mine at Tensa in Odisha was 5.64 lacs MT as
aga|nst oev|ous yea's oooucnon o S.06 |acs M1.
1|e Comoany |as exooteo 0.S1 |acs M1 o |on oe
nes as aga|nst 2.4S |acs M1 |n t|e oev|ous yea.
Coa| oooucnon at caonve m|ne was S9.99 |acs
M1, as aga|nst oev|ous yea's oooucnon o S9.98
lacs MT.
PROJECTS UNDER IMPLEMENTATION
1. Stee| |ant at Angu|, Cd|sha
1|e Comoany |s semng uo 6 M1lA lntegateo
Steel Plant at Angul in the state of Odisha.
At oesent o||ow|ng ac|||nes ae unoe
|mo|ementanon:
1.1) Coal Washery (6 MTPA ROM)
1.2) L8l l|ant baseo on Coa| Cas|canon
(1.8 MTPA)
1.3) Coa| Cas|canon l|ant (22S,000 lm
3
/hr)
1.4) Stee| Me|nng S|oo |nc|uo|ng 1x2S0 1
EAF and ladle furnance, RH Degasser
ano ot|e assoc|ateo ac|||nes a|ongw|t|
2300 MM w|oe S|ab Caste
1.5) Plate Mill (1.5 MTPA)
1.6) Caonve lowe l|ant (6x13SMv)
1.7) L|me 8 Lo|om|te l|ant (2xS00 tonnes/oay)
1.8) Cxygen l|ant (2x1200 tonnes/oay)
Cut o t|e above ac|||nes, t|e l|ate M||| |s
cuent|y unoe ooeanon ano 4 un|ts o 13S
Mv eac| |ave been comm|ss|oneo. A|| ot|e
ac|||nes |nc|uo|ng |nta|e oumo |ouse w|t|
about 29.S l.M. |engt| coss county wate
pipeline, raw water reservoir, raw material
handling system and housing colony are
unoe aovanceo stage o |mo|ementanon ano
w||| be como|eteo ou|ng t|e cuent nanc|a|
yea. Aoat om above ac|||nes ueam we|o|ng
o|ant |s ab|canng beams ano stuctues.
A ue| suoo|y ageement |as been s|gneo
with Mahanadi Coal Fields Limited (MCFL) for
supply of Coal to power plant. This agreement
is valid for 5 years.
As a oat o cuent exoans|on to eac| o|ant
caoac|ty o 6 M1lA, t|e o||ow|ng aoo|nona|
ac|||nes |ave been o|anneo at Angu|:
1.1) Co|e Ma||ng l|ant (2.0 M1lA)
1.2) Sinter Plant (4.0 MTPA)
1.3) Pellet Plant (5.0 MTPA)
1.4) u|ast lunace (3.2 M1lA)
1.S) L8l l|ant baseo on co|e oven gas 8
synthesis gas (2.0 MTPA)
CUk
DIRECTORS
recommend a dividend
of ` 1.60 per equity
share of ` 1/- each i.e
160 o t|e nanc|a|
year 2012-13. The total
dividend pay-out for the
year will amount to
` 149.57 crore
(exc|uo|ng o|v|oeno tax).
Directors Report
80
1.6) Stee| Me|nng S|oo (4.36 M1lA)
1.7) Rolling Mills (4.225 MTPA)
1.8) 1x8 Stano u|||et Caste
1.9) Lime & Dolomite Plant (1,800 tonnes/day)
1.10) Cxygen l|ant (2x1,800 tonnes/oay)
1ec|no|ogy suoo||es o S|nte l|ant (4.0 M1lA), u|ast
lunace (3.2 M1lA), L8l l|ant (2.0 M1lA), Stee| Me|nng
S|oo (4.36 M1lA) ano Co|e Ma||ng l|ant (2.0 M1lA)
|ave been na||seo ano t|e ema|n|ng oac|ages ae
unoe aovanceo stage o na||sanon. lnastuctue
oeve|ooment ano oeoaatoy wo| at t|e s|te ae unoe
oogess. Como|enon o exoans|on o|an |s s|ateo o 2016.
Ministry of Environment & Forests, Govt. of India has
|ssueo env|onmenta| c|eaance ano Co|s|a State lo||unon
Conto| uoao |as |ssueo t|e consent to estab||s| o semng
uo o t|e above sa|o stee| o|ant. Leoatment o vate
Resources, Government of Odisha has given permission for
oaw|ng o 9S.16 cusecs o wate om |ve uam|an| o
the plant.
2. Stee| |ant at atratu, Iharkhand
1|e Comoany env|sages semng uo o 6 M1lA |ntegateo
Stee| l|ant at latatu |n t|e state o !|a||ano ano |n |ts
st o|ase |s |mo|emennng 3 M1lA Stee| l|ant.
Ministry of Environment & Forests, Government of India
|as |ssueo env|onmenta| c|eaance ano t|e State lo||unon
Conto| uoao, !|a||ano |as |ssueo consent to estab||s|
o semng uo o t|e sa|o stee| o|ant. Aangements o
wate suoo|y |ave a|eaoy been maoe. 1|e Comoany |as
s|gneo an ageement w|t| Covenment o !|a||ano o
suoo|y o 66.S4 mcm o wate om Lamooa uas|n o t|e
o|ant ano |as a|so eneweo ageement w|t| !|a||ano
State L|ect|c|ty uoao o suoo|y o 20 cusecs o wate. 1|e
Company has acquired 1,237 acres of land and process is
on for acquiring remaining land for the project. The cut &
beno o|ant ano e|cto we|o mes| o|ant stateo ooeanons
during the year under report and are adding value to the
ex|snng ooouct ||ne.
3. Stee| |ant, ka|garh, Chhamsgarh
1|e Comoany |s env|sag|ng en|anc|ng t|e stee|ma||ng
caoac|ty at 8a|ga| vo|s om 3 M1lA to 10 M1lA.
Memoanoa o unoestano|ng (MCu) |as been enteeo w|t|
t|e State Covenment o C||amsga| |n tems o w||c|
t|e Covenment w||| exteno necessay ass|stance to t|e
Comoany |n exoeo|nous|y obta|n|ng va|ous aooova|s, coa|
ano |on oe ||n|ages, env|onmenta| c|eaances, acqu|s|non
o |ano etc. o |mo|emennng t|e sa|o exoans|on o|an.
v|t| a v|ew to ac||eve oonmum oeomance, t|e o||ow|ng
ex|snng ac|||nes ae be|ng evamoeo / mooen|seo:-
3.1) M|n| u|ast lunace |s be|ng mooen|seo. Coe |as
been o|aceo on SLM, C||na. uas|c eng|nee|ng |as
been como|eteo ano c|v|| wo| |s unoe oogess.
1||s w||| |ncease t|e |ot meta| oooucnon om
81
1,300 tonnes per day to 2,000 tonnes per day.
3.2) Lx|snng L|ect|c Ac lunace o SMS 2 |s be|ng
evamoeo. Coe |as been o|aceo ano oeta||eo
engineering is under discussion.
3.3) S|ab Caste uogaoanon |s be|ng oone to |ncease t|e
w|ot| o t|e s|abs (uoto 3,000 mm). 1|e ooe |as
been na||seo, bas|c eng|nee|ng |as been como|eteo
ano c|v|| wo| |as a|so been stateo. 1||s w||| |e|o
in rolling the increased width of plates from the
Plate Mill.
3.4) Co||ng Coa| was|ey o 1 M1lA |s be|ng uogaoeo/
mooen|seo. Mooen|sanon wo| |s cuent|y unoe
|mo|ementanon.
3.S) S|nte l|ant Caoac|ty |s be|ng en|anceo ano a contact
|as been na||seo w|t| Cutotec, Cemany ano t|e
loect |s unoe |mo|ementanon.
3.6) Contact o 8a|| leao laoen|ng at 8uuM |as been
na||seo w|t| SMS Mee, Cemany ano loect |s
unoe |mo|ementanon.
3./) Contact o Leve||e 8 loma||z|ng unace |n l|ate
M||| |as been na||seo w|t| SlCC, !aoan C|v|| wo| |as
been stateo ano ooect |s unoe |mo|ementanon.
4. e||et |ant at 8arb||, Cd|sha
1|e Comoany |s ooeanng |on oe oe||et o|ant w|t| a caoac|ty
o 4.S M1lA at uab||, Co|s|a ano |s exoano|ng |ts caoac|ty to
9 M1lA by semng uo anot|e 4.S M1lA |on oe oe||et o|ant
w|t| wet g|no|ng oocess t|eeat o w||c| bas|c eng|nee|ng
ano ooo|etay equ|oments |ave been ooeeo. 1||s ooect
|s unoe aovanceo stage o |mo|ementanon ano |s exoecteo to
be comm|ss|oneo by Lecembe, 2013. 1|e oe||ensanon w||| be
a va|ue aooeo oocess o |on oe nes ano bete un||sanon o
oowoey oe ava||ab|e |n t|e m|nes. 1|e Comoany |as a|eaoy
received water approval, environmental clearance and consent
to estab||s| o semng uo 10 M1lA le||et o|ant at uab||.
S. Mach|nery D|v|s|on, ka|pur
1|e oooucnon caoac|ty o Mac||ney L|v|s|on at 8a|ou
un|t |s be|ng en|anceo by ma||ng |nvestment |n mac||ne
too|s, A|a Set Sano System |n ounoy, exoans|on o
covered area and material handling equipments. The
L|v|s|on |as a|so obta|neo cencanon o manuactu|ng
non-cyogen|c tan|s om C||e Conto||e o Lxo|os|ve
(CCCL). 1|e L|v|s|on |s env|sag|ng ut|e exoans|on o
|ts caoab|||ty by |nc|us|on o moe LC1 Canes ano |as
o|anneo to |nsta|| new Cent|uga| Casnng Mac||ne |n
lounoy o ut|e oeve|ooment |n ooouct caoab|||ty
and quality. The Crane Manufacturing Unit has started
|ts ooeanons.
6. Shadeed Iron & Stee|, Cman
S|aoeeo lon 8 Stee| Co. LLC, Cman, a subs|o|ay comoany
ooeanng 1.S M1lA lot u|quete lon oe l|ant at So|a,
Cman |s |mo|emennng 2 M1lA Stee| Me|nng S|oo at |ts
ex|snng wo|s. M/s Lan|e||, lta|y |as been na||seo as t|e
tec|no|ogy. M/s loom, a Soan|s| m |as been na||seo as
the Engineering Consultant for the project. The project is
unoe aovance stage o |mo|ementanon ano |s exoecteo to
be comm|ss|oneo by t|e eno o cuent nanc|a| yea. lt |s
a|so env|sageo to set uo a |ong ooouct m||| (ua M|||) o 1.S
M1lA caoac|ty |n ooe to ma|e t|e Cman wo|s as u||y
integrated steel plant.
SU8SIDIAk CCMANILS AND 1nLIk 8USINLSS
!|noa| lowe L|m|teo (!lL), ooeanng 1,000 Mv (4 x 2S0 Mv)
oowe o|ant |n 8a|ga| (C||amsga|) |as c|oseo nanc|a| yea
2012-13 with a total sales of ` 2,509.66 crore and earned a
oot ae tax o ` 1,112.8/ coe. !lL |s exoano|ng |ts oowe
geneanon caoac|ty by semng uo 2,400 Mv (4 x 600 Mv)
oowe o|ant aoacent to |ts ex|snng wo|s. !lL env|sages semng
up hydro power projects in the State of Arunachal Pradesh
|n !o|nt ventue w|t| lyoo lowe Leve|ooment Coooanon
of Arunachal Pradesh Limited and thermal power projects in
states o !|a||ano ano Co|s|a |n lno|a ano |n Senega| |n vest
A|ca. S|aoeeo lon 8 Stee| LLC, Cman, ooeanng 1.S M1lA lot
u|quete lon oe o|ant ac||eveo a sa|es o ` 2,891.91 crore in the
nanc|a| yea 2012-13 ano eaneo a oot ae tax o ` 379.87
1nL CCMAN env|sages semng uo o 6 M1lA |ntegateo

Stee| l|ant at latatu |n t|e state o !|a||ano ano |n |ts st o|ase |s
|mo|emennng 3 M1lA Stee| l|ant.
Directors Report
82
coe. !|noa| M|n|ng SA (lty) L|m|teo, Sout| A|ca, ooeanng coa|
mine achieved a sales of ` 3S4.S1 coe |n nanc|a| yea 2012-13
ano eaneo a oot ae tax o ` 10.05 crore.
1|e Comoany |s exoano|ng |ts bus|ness acnv|nes acoss t|e g|obe
t|oug| |ts subs|o|a|es to ensue ava||ab|||ty o |on oe ano
coa| o |ts utue equ|ements. 1|ese subs|o|a|es |ave set uo/
ae |n t|e oocess o semng uo bus|ness |nteests |n uotswana,
lam|b|a, L|be|a, Mau|tan|a, Austa||a ano lnoones|a, w||c| ae
rich in mineral resources.
TRANSFER TO INVESTOR EDUCATION AND
PROTECTION FUND
lusuant to Secnon 20SC o t|e Comoan|es Act, 19S6, t|e
Comoany |as tanseeo unoa|o / unc|a|meo na| o|v|oeno o
nanc|a| yea 2004-0S ano |nte|m o|v|oeno o nanc|a| yea
200S-06 amounnng to ` 2S,3S,600/- (8uoees twenty ve |ac
t||ty ve t|ousano s|x |unoeo on|y) ano ` 14,85,500 /- (Rupees
outeen |ac e|g|ty ve t|ousano ve |unoeo on|y) esoecnve|y
to lnvesto Loucanon ano lotecnon luno o Covenment o
India. Company has also transferred ` 10,662/- (Rupees ten
t|ousano s|x |unoeo s|xty two on|y) |n esoect o xeo oeoos|ts
matueo but not c|a|meo ano ` 1,84,808/- (Rupees one lac eighty
four thousand eight hundred eight only) in respect of unclaimed
|nteest on xeo oeoos|t to t|e sa|o uno. 1|e oeta||s |nc|uo|ng
last date of claiming of unclaimed / unpaid dividend amount is
g|ven at t|e eno o t|e lonce o t|e Annua| Cenea| Meenng.
LISTING
1|e equ|ty s|aes connnue to be ||steo on t|e uSL L|m|teo (uSL)
ano t|e lanona| Stoc| Lxc|ange o lno|a L|m|teo (lSL). uot|
t|ese stoc| exc|anges |ave nanon-w|oe tem|na|s ano t|eeoe,
s|ae|o|oes / lnvestos ae not ac|ng any o|mcu|ty |n tao|ng
in the shares of the Company from any part of the country. The
Comoany |as oa|o annua| ||snng ee o t|e nanc|a| yea 2013-
14 to uSL 8 lSL ano annua| custooy ee to lanona| Secu|nes
Depository Limited and Central Depository Services (India)
Limited.
FIXED DEPOSITS
The Company has not accepted/received any fresh deposits
during the year under report. The aggregate amount outstanding
|n esoect o xeo oeoos|ts as on 31st Mac|, 2013 was ` 5.94
coe aga|nst 1,2/3 xeo oeoos|t |o|oes. Amount o oeoos|ts
t|at |ave matueo but wee unc|a|meo as on 31st Mac|, 2013
was ` 1.03 coe eoesennng 311 oeoos|t |o|oes. S|nce t|en 32
deposits totaling ` 11.S9 |acs |ave been oa|o.
DIRECTORS
Shri Ravi Uppal has joined the Company as Managing Director &
CLC w|t| eect om 1st Cctobe, 2012 ano S|| laveen !|noa|
|as es|gneo om t|e oos|non o Manag|ng o|ectos||o o t|e
Comoany om t|e c|ose o bus|ness |ous o 30t| Seotembe,
2012 but |e w||| connnue to be C|a|man o t|e Comoany.
Shri Rahul Mehra has resigned from the directorship of the
Comoany om t|e c|ose o bus|ness |ous o 4t| Cctobe, 2012.
S|| v||ant Cua| ano S|| M.L. Cuota |ave es|gneo om t|e
L|ectos||o ano v|o|enme L|ectos||o o t|e Comoany om
t|e c|ose o bus|ness |ous o 9t| lovembe, 2012. S|| Suoes|an
Kumar Garg and Shri Dinesh Kumar Saraogi were appointed as
Aoo|nona| L|ectos by t|e uoao |n |ts meenng |e|o on 9t|
lovembe, 2012. S|| L|nes| luma Saaog| was aooo|nteo as
v|o|enme L|ecto om 9t| lovembe, 2012. 1|e Comoany
|as ece|veo |etes |n tems o Secnon 2S/ o t|e Comoan|es
Act, 1956 from Shri Ravi Uppal, Shri Sudershan Kumar Garg and
S|| L|nes| luma Saaog|, Aoo|nona| L|ectos s|gn|y|ng t|e|
candidature for appointment as Directors in forthcoming Annual
Cenea| Meenng.
lLul uan| L|m|teo |as w|t|oawn nom|nanon o S|| lnoeoa|
S|ng| la|a om t|e L|ectos||o om t|e c|ose o bus|ness
|ous on 1/t| lebuay, 2013 ano nom|nateo S|| A|t M. lng|e.
S|| laveen !|noa|, S|| 8.v. S|a|| ano S|| Aun luma L|ectos
o t|e Comoany w||| ene by otanon at t|e ot|com|ng Annua|
83
Cenea| Meenng ano be|ng e||g|b|e |ave oeeo t|emse|ves o
e-aooo|ntment as L|ectos o t|e Comoany, ||ab|e to ene by
otanon, |n t|e sa|o meenng.
Ak1ICULAkS CI CCNSLkVA1ICN CI LNLkG,
1LCnNCLCG A8SCk1ICN AND ICkLIGN
EXCHANGE EARNINGS AND OUTGO
lnomanon ousuant to Secnon 21/(1) (e) o t|e Comoan|es Act,
19S6 eao w|t| 8u|e 2 o t|e Comoan|es (L|sc|osue o lancu|as
|n t|e 8eoot o uoao o L|ectos) 8u|es, 1988 egao|ng
consevanon o enegy, tec|no|ogy absoonon ano oe|gn
exc|ange ean|ngs ano outgo |s g|ven |n Annexue l om|ng oat
of this report.
Ak1ICULAkS CI LMLCLLS
ln tems o t|e oov|s|ons o Secnon 21/(2A) o t|e Comoan|es
Act, 19S6, eao w|t| t|e Comoan|es (lancu|as o Lmo|oyees)
8u|es, 19/S as amenoeo om nme to nme, t|e oancu|as o
emo|oyees ae set out |n Annexue-ll to t||s 8eoot. loweve, as
oe oov|s|ons o Secnon 219(1)(b)(|v) o t|e sa|o Act eao w|t|
C|ause 32 o t|e L|snng Ageement, t|e Annua| 8eoot exc|uo|ng
t|e aoesa|o |nomanon |s be|ng sent to a|| t|e membes o t|e
Comoany ano ot|es ennt|eo t|eeto. Any membe |nteesteo |n
obta|n|ng suc| oancu|as may w|te to t|e Comoany.
CORPORATE GOVERNANCE
?ou Comoany |as |mo|ementeo t|e cono|nons o Coooate
Covenance as conta|neo |n C|ause 49 o ||snng ageement.
Separate reports on Corporate Governance and Management
L|scuss|on ano Ana|ys|s a|ong w|t| necessay cencates ae g|ven
e|sew|ee |n t||s Annua| 8eoot as Annexue lll 8 lv. ln tems o
C|ause SS o ||snng ageement, a uus|ness 8esoons|b|||ty 8eoot
oesc|b|ng |n|nanve ta|en by t|e Comoany om env|onmenta|,
soc|a| ano govenance oesoecnve |s a|so |nc|uoeo e|sew|ee |n
t||s Annua| 8eoot as Annexue v.
AUDITORS
M/s S.S.lot|a| Me|ta 8 Co. (l|m 8eg|stanon lumbe -
0000/S6l), Auo|tos o t|e Comoany |o|o omce uoto t|e
conc|us|on o t|e ensu|ng Annua| Cenea| Meenng. 1|e
Comoany |as ece|veo cencate om t|em to t|e eect t|at
t|e| aooo|ntment, | maoe, wou|o be w|t||n t|e ||m|ts oesc|beo
unoe Secnon 224(1u) o t|e Comoan|es Act, 19S6. 1|ey ae
ooooseo to be aooo|nteo as Auo|tos o t|e Comoany o t|e
nanc|a| yea 2013-14.
DIkLC1CkS' kLSCNSI8ILI1 S1A1LMLN1
lusuant to t|e equ|ements unoe sub Secnon 2AA o Secnon
217 of the Companies Act, 1956, with respect to the Directors
8esoons|b|||ty Statement, |t |s |eeby conmeo:-
|) t|at |n oeoaanon o t|e annua| accounts o t|e nanc|a|
yea enoeo on 31st Mac|, 2013, t|e aoo||cab|e accounnng
stanoaos |ao been o||oweo a|ong w|t| oooe exo|ananons
e|anng to mate|a| oeoatues.
||) t|at t|e L|ectos |ao se|ecteo suc| accounnng oo||c|es
and applied them consistently and made judgments and
esnmates t|at ae easonab|e ano ouoent so as to g|ve a
tue ano a| v|ew o t|e state o aa|s o t|e Comoany
at t|e eno o t|e nanc|a| yea ano o t|e oot o t|e
Company for the year under report.
|||) t|at t|e L|ectos |ao ta|en oooe ano sumc|ent cae
o t|e ma|ntenance o aoequate accounnng ecoos |n
accordance with the provisions of the Companies Act,
19S6 o saeguao|ng t|e assets o t|e Comoany ano by
oevennng ano oetecnng auo ano ot|e |egu|a|nes.
iv) that the Directors had prepared the accounts for the
nanc|a| yea enoeo on 31st Mac|, 2013 on a 'go|ng
concen bas|s'.
APPRECIATION
?ou L|ectos w|s| to o|ace on ecoo t|e| gantuoe o t|e
va|uab|e gu|oance ano suooot enoeeo by t|e Covenment
of India, various State Government departments, Financial
lnsntunons, uan|s ano va|ous sta|e|o|oes, suc| as,
shareholders, customers and suppliers, among others. The
L|ectos a|so commeno t|e connnu|ng comm|tment ano
oeo|canon o t|e emo|oyees at a|| |eve|s, w||c| |as been c|nca|
o t|e Comoany's success. 1|e L|ectos |oo| owao to t|e|
connnueo suooot |n utue.
lo 8 on be|a| o t|e uoao
Naveen I|nda|
l|ace : lew Le||| Chairman
Lateo: 2St| Ao||, 2013
Directors Report
84
ANNLxUkL - I
lancu|as equ|eo unoe t|e Comoan|es (L|sc|osue o lancu|as |n t|e 8eoot o uoao o L|ectos) 8u|es, 1988
A. CCNSLkVA1ICN CI LNLkG
a) Lnergy conservanon measures taken:
1. lnsta||anon o ueb|ac ||g|t enegy save o 1S0
lvA to eouce ||g|nng vo|tage |n 22SMv
power plant.
2. lnsta||anon o ||g|nng nmes |n ||g|nng SLLu's o
22SMv oowe o|ant.
3. Segeganon o co|e oooucts by co|e oute
moo|canon |n co|e oven o|ant.
4. lnsta||anon o so state |n quenc||ng oumos |n
co|e oven o|ant.
S. Moo|canon o w|a o|sc|age mec|an|sm |n
co|e oven o|ant.
6. C|ang|ng o aw wate oumo moto om ex|snng
180 KW to 132 KW as per the requirement in
u|ast unace-2.
/. lnc|uo|ng va|ab|e vo|tage ano va|ab|e
equency o|ve |n stoc| |ouse v|boeeoes
(16nos-12x1.6/|w 8 4x2.6/|w) to eouce
enegy consumonon at u|ast lunace-1.
8. Cn||ne luc|eon|c Mo|stue 1ansm|te |n Co|e
uun|es o eoucnon |n co|e consumonon |n
stoc| |ouse o u|ast lunace-1.
9. us|ng emc|ent 1S tube ||g|t mngs ano ClL
lamps in the plant and township.
10. Using VFDs in Coal Feeders, Ash Coolers, Geho
lumo, u|ta |te lumo 8 1un|ng Cea moto.
11. lmo|ementeo oowe acto coecnon at |oao
side.
12. Using solar lights in streets and township.
13. use o o|oto senso sw|tc|es o ||g|nng c|cu|ts.
14. Caoac|to uan| |nsta||eo |n v|e 8oo M||| 8 ua
Mill for maintaining unity power factor.
b) Add|nona| |nvestments and proposa|s, |f
any, be|ng |mp|emented for reducnon of
consumpnon of energy:
1. 8eo|acement o coo||ng towe an b|aoes w|t|
l8l u|aoes |n oowe o|ant.
2. 1o oonm|se lCl consumonon |n LLl w|t| b
gas, c|ange ue| m|x (coa|:ugas) om
S1:49 to 4S:SS.
3. 8eo|acement o oxygen |necnon system
from fuel to fuelless in SMS to reduce diesel
consumonon.
4. 1o |ncease |ot b|ast temoeatue by Ceam|c
coanng on |nne suace o tuyes |n u|ast
Furnance-2.
S. levennon |n |se |n b|ow o|oe temoeatue t|us
avo|o|ng coo||ng o eo |ot b|ow o|oes |n u|ast
Furnace -2.
6. Comoesseo a| oonm|sanon ano aesnng a|
|ea|age |n Meo|um 8 L|g|t Stuctue M|||.
/. Conm|s|ng so wate b|||et caste oumo |n Stee|
Me|nng S|oo-3.
8. 8eoucnon o seconoay vo|tage o tansome
|n Stee| Me|nng S|oo -3.
9. VD hot well pump (P-7) to replace all three
oumos w|t| |owe |eao 8 ||g| emc|ency oumos.
10. Auto stoo o LMS oumos o comb| caste ae
casnng stoooeo.
11. Moo|canon o o|ese| eo annea||ng unance
from manual to auto control system.
c) Impact of the measures at (a) and (b) for
reducnon of energy consumpnon and
consequent |mpact on the cost of producnon
of goods:
1. Electrical power saving of 44,347 KWh/
y ac||eveo oue to |nsta||anon o ||g|nng
transformer.
2. Electrical power saving of 7,604 KWh/yr
ac||eveo oue to |nsta||anon o ||g|nng nmes.
3. Electrical power saving of 22,900 KW/yr
ac||eveo oue to co|e oute moo|canon.
4. Electrical power saving of 1,226 KW/yr achieved
oue to |nsta||anon o ||g|t oeoenoency eg|ste.
due to wharf discharge mechanism.
due to change in raw water pump motor.
7. Electrical power saving of 54,385 KW/yr
ac||eveo oue to |nsta||anon o vvlL o|ves.
8. Co|e sav|ng o 1,1S0 tonne/y ac||eveo oue to
|nsta||anon o nuc|eon|c mo|stue tansm|te.
d) 1ota| energy consumpnon and energy
consumpnon per un|t of producnon:
As oe lom A g|ven |eeae
85
FORM A
lom o o|sc|osue o oancu|as w|t| esoect to Consevanon o Lnegy
a. ower and fue| consumpnon
Current year Previous Year
I. L|ectr|c|ty
(a) urchased
un|t |n ('000 lw|) 4,31,877.24 3,90,003.36
Total amount (` In lacs) 21,921.80 19,748.46
Rate/Unit (`) 5.08 5.06
(b) Cwn generanon
i) Through diesel generator
un|ts ('000 lw|) 812.45 1,077.16
Units per ltr. of diesel Oil 2.68 2.56
Cost / unit (`) 16.79 16.88
ii) 1|oug| steam tub|ne / geneato
un|ts (|n '000 lw|) 35,32,147.42 30,44,235.39
Units per ltr. of fuel Oil / Gas llL llL
Cost / unit (`) lA lA
II. Coa|
(a) Non Cok|ng Coa|*
uannty (M1s) 82,87,968.59 69,46,609.03
Total cost (` in lacs) 1,14,437.77 93,283.04
Average rate / MT (`) 1,380.77 1,342.86
(b) Cok|ng Coa|**
uannty (M1s) 10,68,755.10 10,70,586.70
Total cost (` in lacs) 1,41,177.95 1,36,104.26
Average rate / MT (`) 13,209.57 12,713.05
III. Coke
uannty (M1s) 1,41,206.47 1,37,531.80
Total cost (` in lacs) 18,428.77 20,518.40
Average rate / MT (`) 13,050.94 14,919.02
IV. Iurnace C||
uannty (l. |ts) 1,30,323.10 1,18,678.06
Total cost (` in lacs) 55,651.09 47,757.51
Average rate / Ltr (`) 42.70 40.24
V. Cthers |nterna| generanon
uannty llL llL
Total cost (` in lacs) lA lA
Average rate / Kg. (`) lA lA
useo |n t|e manuactu|ng o Soonge lon / lowe l|ant.
useo |n Co|e oven ano u|nmate|y consumeo |n u|ast lunace.
Directors Report
86
b. Consumpnon per un|t of producnon
S|.
No.
arncu|ars Current ear rev|ous ear
I. L|ectr|c|ty
For Sponge Iron Mfg. (unit / tonne) 75.74 75.50
For Silico Magenese Mfg. (unit / tonne) 4,030.72 3,966.15
lo S|abs / 8ounos / ueam /u|an| Mg. (un|t / tonne) 497.38 513.40
lo 8a||s / ueams / C|anne|s Mg. (un|t / tonne) 157.88 145.99
For Plate / Coil Mfg. (unit / tonne) 153.43 121.16
For Wire Rod (unit / tonne) 236.01 229.02
lo 1M1 ua (un|t / tonne) 178.87 393.05
lo Meo|um L|g|t Secnon (un|t / tonne) 142.83 173.24
For Cement (Unit / tonne) 50.28 55.20
lo Stee| me|nng (lngots 8 Casnng) (un|t / tonne) 1,494.45 1,261.00
For Machine / Machinery parts Mfg. (unit / tonne) 448.45 501.00
For Pellet (unit/ tonne) 62.68 61.35
II. Iue| C||s
For Sponge Iron Mfg. (litre / tonne) llL llL
III. Coa|
For Sponge Iron Mfg. (MT / tonne) 1.48 1.36
For Silico Magenese Mfg. (MT / tonne) 0.55 0.69
For Power Plant (Kg / Kw) 0.96 0.98
8. 1LCnNCLCG A8SCk1ICN
Lots maoe |n tec|no|ogy absoonon as oe lom u g|ven be|ow
ICkM 8
lom o o|sc|osue o oancu|as w|t| esoect to absoonon
kLSLAkCn AND DLVLLCMLN1 (k&D)
A. Spec|hc areas |n wh|ch k&D carr|ed out by the
Company:
1. Stuoy on oot cause ana|ys|s o suace cac|s |n
plates.
2. Surface quality improvement in rounds.
3. Stuoy on eoucnon o u1 a||ue |n o|ates.
4. looucnon o Allx/0 gaoe co||s/o|ates w|t|
cons|stent mec|an|ca| oooenes.
5. Study for the end non-straightness in the trade rails
o||eo |n 8uuM.
6. 1o stuoy t|e oot causes o fange va|anon oeects |n
ISMC250.
/. 1o stuoy t|e oot causes o t|e naow fange oeect
|n MLSM secnons.
8. Leve|ooment o xtues to cayout subzeo tens||e
test |n M1S 810 us|ng env|onment c|ambe.
9. Stuoy on eas|b|||ty to use max|mum o oeto|eum
co|e |n coa| b|enos.
10. Max|m|se t|e non co||ng coa| |n coa| b|enos to get
oes|eo stengt| co|e.
11. Lnegy sav|ng |n Stee| Lao|e by t|e use o lnsu|anon
uoaos.
12. Lnegy sav|ng |n Stee| Lao|e by t|e use o soec|a|
eactoy mota w|t| CA8uClxlLL aoo|nve.
13. 1|a| o lCll ceam|c b|oc|s o lot meta| |ao|e L|o.
14. M||| sca|e eoucnon |n co|e ovens.
1S. lmoovement |n qua||ty o s|nte by us|ng on||ne CaC|
2

spraying.
16. Secnon Leve|ooment o 8a|| ulC S4, Ang|e 2S0x2S0x28,
2S0x2S0x3S, Ang|e 1S0x1S0x18,1S0x1S0x 20,
1S2x1S2x19, Ang|e 200x200x20,200x200x2S, Angle
120x120 ano C|anne| 100 mm.
1/. 1uyee c|cu|t fow to be |nceaseo uo to oes|gn fow
1,S00 lm
3
/ l. w|t| one llL |n ||ne by t|mm|ng t|e
impeller.
18. Eliminate Mill Loading cylinder failure.
19. l||um|n|te sano |necnon o conto|||ng t|e |eat|
wall temperature.
87
20. So|unon/ oevennon o eos|on o oewate|ng w|ee|
s|oe booy.
21. lnsta||anon o secono SCl oumo |ouse so t|at s|ag |n
bot| t|e cast |ouses can be ganu|ateo, m|n|m|s|ng
the losses.
22. Above uuoen lobe-180, econo|noneo ano |og|c
moo|eo o smoot| ooeanon.
23. lov|s|on o fao gate to conto| oe||et so|||age.
24. lnsta||anon o |te |n lCl ||ne stoo oe|gn mate|a|
go|ng |n o|st|buto.
2S. lnsta||anon o w|e|ess system to tansm|t t|e wate
fow measuement om Mansaova oumo |ouse to
u|ast lunace 2.
26. Commissioning of chiller unit for furnace RIO room,
hyd. room, gas analyser room.
2/. Auto S|gna||ng System o 1ooeoo Lao|e 8a|| tac|.
28. lew gaoe oeve|ooment o AllxS6 ano MA04Cu.
8) 8enehts der|ved as a resu|t of the above k&D:
1. 1|e o|ves|on on account o suace cac|s |n o|ates
|as been eouceo to |ess t|an 0.S as comoaeo to
t|e oev|ous gue o 1.S to 2. 1|e g|no|ng o
ewo| a|so |as s||g|t|y eouceo.
2. Overall surface quality of rounds improved due to
which the % diversion has steadily reduced from
2.61 in the year 2011-12 to 0.41 in the last quarter
of 2012-13. This has also increased the compliance to
customer orders.
3. 1|e u1 a||ue |n o|ates |as been eouceo to zeo.
Apart from this it has also helped in maintaining
compliance to stringent customer orders and reducing
o|||ng o exta tonnage.
4. Successu| oooucnon o Allx/0 gaoe co||s aooeo
another high quality product to Companys product
m|x. lmooveo mec|an|ca| oooenes ensueo
custome oe||g|t ano eouceo t|e numbe o
complaints due to property failure.
S. locess|ng oaametes wee ne tuneo |nc|uo|ng oe-
cambe|ng at coo||ng beo to eouce t|e 8en|s|"
quannty o a||s a|s|ng out oue to bent enos.
6. 1|e m||| ano unace oaametes wee oonm|seo
w||c| esu|teo |n s|gn|cant eoucnon |n t|e oeecnve
quannty oue to fange va|anons.
/. 1|e stuoy |e|oeo |n m|n|m|s|ng t|e caonve ano
oeecnve geneanon oue to naow fange at Meo|um
8 L|g|t Stuctue M||| w|t| moo|canons |n t|e m|||
process parameters.
8. 1|e oeve|ooment o t|e |no|genous xtue maoe
|t ooss|b|e to conouct tens||e test at cyogen|c
temperatures which resulted in a cost saving against
ouc|ase o a new env|onment c|ambe.
9. 1|e esu|ts ac||eveo s|ow t|at t|e use o oet co|e o
co|e ma||ng |s ||m|teo to 2-3 |n u|ast lunace.
10. lon co||ng coa| |as been successu||y useo uo to 10
|n co|e oven. 1||s |as |eo to cons|oeab|e sav|ngs.
11. S|e|| temoeatue bot| |n s|oe wa|| ano botom was
nonceo |eao|ng to enegy sav|ng.
12. Used in two ladles. Shell temperature was found
comoaanve|y |owe t|an ot|e |ao|es.
13. Average 3.25 campaign life achieved.
14. 1|a|s conoucteo at Co|e oven o eun||sanon o
M||| Sca|e w||c| |s geneanng |n a |uge quannty
ou|ng o|||ng oocess. Meta|||sanon va|ues o t|e
tests angeo om 82 to 8S. uaseo on t|e no|ngs
o t|ese t|a|s, |mo|ementanon o co-oooucnon o
meta|||c's, co|e ano enegy can be oeo|oyeo o u||
sca|e oooucnon cost eecnve|y ano qu|c||y.
1S. 8Ll o s|nte |as been |mooveo.
16. 1|e aoo|non o new oooucts enab|eo t|e Comoany
to provide wide range of products to the customer- all
under a roof.
1/. Ava||ab|||ty o sumc|ent wate at oes|eo temoeatue
for tuyere cooling, increasing its life.
18. Ae |nsta|||ng t|e lyoau||c system o o|smant||ng
ano assemb|y o |oao|ng cy||noe:
Time reduced to ready a cylinder from 4 hrs to 1hr.
Enhanced the life of loading cylinder from 7days
to 6 month
lnceaseo t|e ava||ab|||ty o lCl g|no|ng M|||
19. ueneteo |n monetay tems (equ|oment cost
- ab|canon cost). Conto| 8 t|e |eat| wa||
temperature.
20. lo neeo to |moot t|e w|ee|.
21. 100 s|ag ganu|anon. lo wastage t|oug| s|ag
bou|oe geneanon |n oy o|t.
22. lo neeo to oocue cost|y oobes. uete ooeanona|
control.
23. Sav|ng o aw mate|a| by oevennng |ts wastage by
spillage.
24. .eo bea|oown |n lCl oue to oe|gn oanc|es.
2S. uete mon|to|ng ano conto|.
26. levennng any system bea|oown oue to |eanng by
providing proper cooling.
27. Improvement in safety at crossing points and along
t|e tac|s.
28. AllxS6 gaoe o|ates o t||c|ness 38 mm w|t| Lv11
guaantee wee successu||y oeve|ooeo o t|e st
nme |n lno|a. 1||s |as aooeo anot|e ||g| qua||ty
ooouct to t|e Comoany's ooouct m|x.
Directors Report
88
C) Iuture |an of Acnon:
1) L|me stone was||ng system to be lnsta||eo to |moove
the quality of Raw lime Stone.
2) Secnon Leve|ooment o Ang|e 90 mm.
3) Secnon Leve|ooment o C|anne| /S mm.
4) Secnon Leve|ooment o uantam ueam u12x10.8 mm.
S) Above uuoen lobe-0 (L8l l|ant s|oe) to be eo|aceo
w|t| new one 8 ma|e eaoy to ex|snng va|ve.
6) lnsta||anon o 1C1LM too scan.
7) Commissioning of Historian system.
8) Cn ||ne co|e mo|stue measuement.
9) lnsta||anon o leat 1eat Leve||e to |eve| wavy ano
buc||eo o|ates t|eeby |moov|ng ovea|| y|e|o.
10) lew secnon (S 1S00/12S0) stab|||sanon.
11) lew gaoe s||o bu||o|ng o|ates.
12) 1|a| o l|be Stones |n Launoe unne.
13) C|a coa| |eanng o botom o LAl beoe |ts
ooeanon.
14) Trial of improved quality gunning mass.
D. Lxpend|ture on k & D dur|ng 2012-13:
a. Cao|ta| : ` 14.32 crore
b. 8ecu|ng : ` 14.25 crore
c. 1ota| : ` 28.57 crore
1LCnNCLCG A8SCk1ICN, ADA1A1ICN AND
INNCVA1ICN:
a) Lorts |n br|ef, made towards techno|ogy
absorpnon, adaptanon and |nnovanon and benehts
der|ved as a resu|t:
1. Le a||a||sanon by Legasse vate-A Conceot
Developed.
2. lno|genous oes|gn o xtue o cay|ng out Sub-zeo
Temperature Tensile Test.
3. C|| eoucnon |n |ot gas geneato.
4. Power saving in cooling tower fan.
S. 8eouce w|e ooe consumonon |n lot Meta| lano||ng
Cane o u|ast lunace -l.
6. Ceam|c coanng on |nne suace o tuyees to eouce
heat loss.
/. uo gaoanon o stove va|ves 8 C/l Lqu|oment w|t|
hydraulic energy.
8. Energy Saving in Steel Ladles.
9. lnsta||anon o So State o l1 Motos at u|ast
Furnace-II.
b) In case of |mported techno|ogy(|mported dur|ng the |ast hve years reckoned from the beg|nn|ng of the hnanc|a|
year) fo||ow|ng |nformanon may be furn|shed
1. 1echno|ogy Imported:
2008-09 2009 - 10 2010 - 11 2011-12 2012-13
1) 100T Electric
Arc Furnace,
Ladle Furnace
and FES from
Sarrale, Spain.
1) Medium Light
Structural Mill
suoo||eo by M/S
Danielle.
lew sta|g|ten|ng
machine installed
to sta|g|ten ueams
beyono /00mm.
Technology and
equipment supplied
by SMS_Mee.
llL llL
2) Slag grinding unit for
oooucnon o cement
us|ng fy as| ano b|ast
furnace slag
2. ear of |mport: As g|ven above
3. nas techno|ogy been fu||y absorbed? es.
4. If not fu||y absorbed, areas where th|s has not taken p|ace, reason thereof and future p|ans of acnon: NA
89
FOREIGN EXCHANGE EARNINGS AND OUTGO
A. Acnv|ty re|anng to export
|) In|nanves taken to |ncrease export
lut|e to t|e |n|nanves ta|en |n 2011-12 ano
w|t| |nceaseo ocus on exoots, t|e Comoany |as
ac||eveo s|gn|cant |ncease o 60 (yea on yea)
|n sa|es vo|ume |n |ast nanc|a| yea 2012-13. 1|e
tota| tonnage o stee| oooucts exooteo |n 2012-13
was 4,33,000 MT as against 2,69,000 MT last year.
County-w|se exoot oeomance |s g|ven be|ow:
le|g|bou|ng count|es: Leso|te toug| comoennon
om C||na ano ot|e lno|an suoo||es |||e SAlL ano
TATA, Company managed to increase sales of steel
to 88 (yea on yea), ma|n |tems be|ng v|e 8oos
8 Sem|s to CLM's. ln aoo|non, ot|e oooucts |||e
o|ates ano stuctua| |ave been exooteo o some
o t|e |mootant |yoo ooects |n leoa|. ln case o
uang|aoes|, Comoany |as bu||t a steaoy bus|ness
e|anons||o o suoo|y o L w|e oos to C.L.M's ano
Plates for shipyards.
ML 8eg|on: Comoany |as conso||oateo Cast 8ouno
bus|ness |n Sauo| Aab|a, a tota| vo|ume o 1,86,42/
MT was dispatched in 2012-13 against 1,31,183 MT
|n |ast nanc|a| yea eg|ste|ng an |ncease o 42.
ues|oes cast ounos, sa|es vo|ume |n ot|e oooucts
|||e stuctua|s 8 fat oooucts |as a|so been |nceaseo
and also made inroads in some of the important
ooects |||e A| 8ab|g| lowe l|ant exoans|on ooect
|n Sauo| Aab|a.
A|ca : Comoany's ma|n ocus eg|on |s t|e Last
A|can connnent ano a conso||oateo sa|es o 49,300
M1 |as been maoe |n 2012 -13 as aga|nst 10,S00 M1
in the previous year. An order for 33,000 MT HR Coil
o an |mootant wate o|oe ||ne ooect |n 1anzan|a
|as been successu||y como|eteo. Ma|et s|ae o
stuctua|s |as a|so |nceaseo |n t||s eg|on ano a m
custome base |s be|ng estab||s|eo.
SL ASlA/ lA8 LAS1 ASlA : Lu|ng t|e yea 2012-13, t|e
Comoany |as enteeo t|e 1a|wan o|ate ma|et aga|nst
sn comoennon om t|e C||nese m|||s ano t|e Loca|
C||na Stee| Coooanon. Lots ae a|so be|ng maoe
o oeve|oo|ng t|e S|ngaooe S||o bu||o|ng ma|et ano
have already got some trial orders.
||) Deve|opment of new export market for products
and serv|ces and export p|ans:
During the year 2013 -14 the Company has plans to
consolidate its presence in the Middle East & African
ma|et. Lots ae a|so be|ng maoe to ente t|e Ln|ao
Rail Project for the UIC 60 E2 and Head Hardened rails
ano ae tagenng t|e All l|oe Ma|et o va|ue aooeo
Plates from Angul plant in the Middle Eastern region.
8. 1ota| fore|gn exchange used and earned
|. Iore|gn exchange used : ` 3,630.32 crore
||. Iore|gn exchange earned : ` 1,621.13 crore
l|ace : lew Le||| Naveen I|nda|
Lateo: 2St| Ao||, 2013 Chairman
Directors Report
90
1) CCMAN'S nILCSCn CN CCkCkA1L GCVLkNANCL
Corporate Governance is a set of systems, processes and principles which ensure that a Company
|s goveneo |n t|e best |nteests o a|| sta|e|o|oes. lt |s about oomonng a|ness, equ|ty,
tansoaency, accountab|||ty ano esoect o |aws. 1|e a|m o Cooo Coooate Covenance" |s to
ensue comm|tment to manage aa|s o t|e Comoany |n a tansoaent manne o max|m|s|ng
|ong-tem va|ue o t|e Comoany o |ts s|ae|o|oes ano a|| ot|e sta|e|o|oes. lt |ntegates a|| t|e
oanc|oants |nvo|veo |n a oocess, w||c| |s econom|c, ano at t|e same nme soc|a|.
Coooate govenance oov|oes a stuctue t|at wo|s o t|e benet o eveyone conceneo,
by ensu|ng t|at t|e enteo|se ao|ees to et||ca| stanoaos, |aws ano acceoteo best oacnces.
lt |mb|bes t|e bas|c bus|ness et||cs ano va|ues t|at neeo to be ao|eeo to |n |ete ano so||t.
A tansoaent, et||ca| ano esoons|b|e coooate govenance amewo| essenna||y emanates om
t|e |nt|ns|c w||| ano oass|on o gooo govenance |nga|neo |n t|e ogan|sanon.
1|e Coooate Covenance oacnces o t|e Comoany ae baseo on t|e o||ow|ng boao o|nc|o|es:
a) we||-exoe|enceo ano o|vese uoao o L|ectos, w|t| exoense |n |nousty stategy, nance,
management ano |ega|,
b) aooonon o tansoaent oocesses, ooceoues ano oacnces,
c) ensu|ng como||ance w|t| egu|atoy equ|ements,
o) ||g| |eve|s o o|sc|osues o o|ssem|nanon o coooate, nanc|a| ano ooeanona| |nomanon
to a|| |ts sta|e|o|oes,
e) we|| oeneo stuctue t|at estab||s|es c|ec|s ano ba|ances ano oe|egates oec|s|on ma||ng to
aoooo|ate |eve|s |n t|e ogan|sanon
Corporate Governance keport
CORPORATE
GOVERNANCE is
a set of systems, processes
and principles which ensure
that a Company is governed
|n t|e best |nteests o a||
sta|e|o|oes. lt |s about
oomonng a|ness, equ|ty,
tansoaency, accountab|||ty
and respect for laws. The
a|m o Cooo Coooate
Covenance" |s to ensue
commitment to manage
aa|s o t|e Comoany |n
a transparent manner for
max|m|s|ng |ong-tem va|ue
of the Company for its
shareholders and all other
sta|e|o|oes.
ANNLxUkL - III
91
2) 8CAkD CI DIkLC1CkS
|) Compos|non of the 8oard
1|e Comoany |as an aoooo|ate m|x o Lxecunve ano lon Lxecunve L|ectos |nc|uo|ng lnoeoenoent L|ectos to ma|nta|n
|noeoenoence o t|e uoao. 1|e L|ectos |ave exoense |n t|e e|os o |nousty stategy, ooeanons, nance, |ega|
ano management. 1|e uoao oov|oes stateg|c gu|oance ano |noeoenoent v|ews to t|e Comoany's management w|||e
o|sc|ag|ng |ts ouc|ay esoons|b|||nes.
Structure of 8oard, D|rectorsh|p |n Cther Compan|es and Membersh|p of Comm|uees
Stuctue o uoao o L|ectos ou|ng t|e nanc|a| yea 2012-13, atenoance at uoao meenngs ano Annua| Cenea| Meenng
(ACM) |e|o ou|ng t|e sa|o yea a|ongw|t| equ|s|te |nomanon |n esoect o L|ectos as oe t|e equ|ements o C|ause 49
o t|e ||snng ageement |s oov|oeo |n t|e o||ow|ng tab|e:-
Sr.
No.
Name and
Des|gnanon (DIN)
Category Auendance |n
I 2012-13
Number of
D|rectorsh|p |n
Cther Compan|es
Comm|uee Membersh|p
and Cha|rmansh|p |n Cther
Compan|es*
Shareho|d|ng
|n the
Company
8oard
Meenng
AGM r|vate
#
ub||c Cha|rmansh|p Membersh|p
1. Shri Ratan Jindal
1

Director (00054026)
Promoter and
lon - Lxecunve
3/5 lo 7 7 0 0 2,03,070
2. S|| laveen !|noa|
1

Chairman (00001523)
Promoter and
Lxecunve
5/5 Yes 1 6 0 0 42,95,940
3. Smt. Shallu Jindal
1

Director (01104507)
Promoter and
lon - Lxecunve
5/5 lo 1 2 0 0 0
4. Shri Ravi Uppal
2

Managing Director &
CEO (00025970)
Lxecunve 3/3 l.A. 0 1 0 0 0
5. S|| v||ant Cua|
3

Group Vice Chairman
8 leao C|oba|
Ventures (00011007)
Lxecunve 2/3 lo l.A. l.A. l.A. l.A.

l.A.
6. Shri Anand Goel
Joint Managing
Director (00001635)
Lxecunve 4/5 lo 0 0 0 0 32,000
7. Shri Sushil Maroo
4

Deputy Managing
Director (00054101)
Lxecunve 5/5 Yes 9 7 0 2 90,000
8. Shri M.L. Gupta
5

v|o|enme L|ecto
(02692887)
Lxecunve 0/3 lo l.A. l.A. l.A. l.A. l.A.
9. Shri Dinesh Kumar
Saraogi
6
v|o|enme L|ecto
(06426609)
Lxecunve 1/3 l.A. 0 0 0 0 59.400
10. S|| laus|ao
A||te Ansa|
7
v|o|enme L|ecto

(03340568)
Lxecunve 1/1 l.A. l.A. l.A. l.A. l.A. l.A.
11. Shri R.V. Shahi
Director (01337591)
lon Lxecunve ano
Independent
5/5 Yes 3 2 1 0 0
12. Shri A.K. Purwar
Director (00026383)
lon Lxecunve ano
Independent
5/5 lo 6 9 2 5 0
13. Shri Arun Kumar
Director (01772163)
lon Lxecunve ano
Independent
5/5 lo 0 0 0 0 0
Corporate Governance Report
92
Sr.
No.
Name and
Des|gnanon (DIN)
Category Auendance |n
I 2012-13
Number of
D|rectorsh|p |n
Cther Compan|es
Comm|uee Membersh|p
and Cha|rmansh|p |n Cther
Compan|es*
Shareho|d|ng
|n the
Company
8oard
Meenng
AGM r|vate
#
ub||c Cha|rmansh|p Membersh|p
14. Shri Haigreve Khaitan
Director (00005290)
lon Lxecunve ano
Independent
3/5 lo 1 14 0 9 0
15. S|| lao|o S|ng| v||
Director (00995449)
lon Lxecunve ano
Independent
5/5 lo 0 1 0 1 0
16. Shri Rahul Mehra
8

Director (01001368)
lon Lxecunve ano
Independent
2/2 lo l.A. l.A. l.A. l.A. l.A.
17. Shri Sudershan Kumar
Garg
9

Director (00055651)
lon Lxecunve ano
Independent
3/3 l.A. 0 1 0 0 0
18. Shri Inderpal Singh
Kalra
10
lom|nee L|ecto
(lLul uan| L|m|teo)
(00307410)
lon Lxecunve ano
Independent
4/4 lo l.A. l.A. l.A. l.A. l.A.
Note:
1 Lxceot S|| laveen !|noa| ano S|| 8atan !|noa|,
w|o ae bot|es ano Smt. S|a||u !|noa|, w|e
o S|| laveen !|noa|, no ot|e L|ecto |s a
e|anve o any ot|e L|ecto(s). S|| laveen
Jindal resigned from the Managing Directorship
o t|e Comoany om t|e c|ose o bus|ness
|ous o 30t| Seotembe, 2012. le connnues
to be t|e C|a|man o t|e Comoany.
2 Shri Ravi Uppal was appointed as Managing
L|ecto 8 CLC w.e.. 1st Cctobe, 2012.
3 S|| v||ant Cua| es|gneo om t|e
L|ectos||o ano v|o|enme L|ectos||o o t|e
Comoany om t|e c|ose o bus|ness |ous o
9t| lovembe, 2012.
4 Shri Sushil Maroo was appointed as Deputy
Managing Director of the Company w.e.f.
1st April, 2013.
5 Shri M. L. Gupta resigned from the Directorship
ano v|o|enme L|ectos||o o t|e Comoany
om t|e c|ose o bus|ness |ous o
9t| lovembe, 2012.
6 S|| L|nes| luma Saaog| was aooo|nteo an Aoo|nona|
L|ecto ano v|o|enme L|ecto by t|e uoao w.e. 9t|
lovembe, 2012.
/ S|| laus|ao A||te Ansa| es|gneo om t|e L|ectos||o
ano v|o|enme L|ectos||o o t|e Comoany om t|e c|ose
o bus|ness |ous o 1st May, 2012.
8 Shri Rahul Mehra resigned from the Directorship of the
Comoany w.e.. St| Cctobe, 2012.
9 S|| Suoes|an luma Cag was aooo|nteo as an Aoo|nona|
L|ecto-lnoeoenoent w.e.. 9t| lovembe, 2012.
10 lLul uan| L|m|teo |as w|t|oawn t|e nom|nanon o
S|| lnoeoa| S|ng| la|a w.e.. 1/t| lebuay, 2013 ano
nom|nateo S|| A|t M. lng|e on t|e uoao.
# |nc|uoes o|ectos||o |n oe|gn ano Secnon 2S comoan|es.
lnc|uoes on|y Auo|t Comm|tee ano S|ae|o|oes' /
lnvestos' C|evance Comm|tee |n a|| oub||c ||m|teo
comoan|es (w|et|e ||steo o not) ano exc|uoes o|vate
||m|teo comoan|es, oe|gn comoan|es ano Secnon 2S
companies.
93
8r|ef roh|e of the 8oard of D|rectors
S|| laveen !|noa|, S|| Aun luma ano S|| 8. v. S|a|| w|||
ene at t|e ot|com|ng Annua| Cenea| Meenng but be|ng
e||g|b|e |ave oeeo t|emse|ves o e-aooo|ntment as L|ectos
o t|e Comoany ||ab|e to ene by otanon. S|| 8av| uooa| was
aooo|nteo as an Aoo|nona| L|ecto w.e.. 1st Cctobe, 2012 ano
Shri Dinesh Kumar Saraogi and Shri Sudershan Kumar Garg were
aooo|nteo as Aoo|nona| L|ectos w.e.. 9t| lovembe, 2012. As
oe secnon 2S/ o t|e Comoan|es Act, 19S6, t|ey |ave oeeo
their candidature for appointment as Directors in the forthcoming
Annua| Cenea| Meenng.
PROFILE
Shr| katan I|nda| |s a lon - Lxecunve L|ecto on t|e uoao o
the Company and Vice Chairman and Managing Director of Jindal
Stainless Limited. He is a commerce graduate and has completed
an Aovanceo Management logam om v|aton uus|ness
School, USA. He was appointed as Director Jindal Strips Limited in
19/9 ano became t|e Manag|ng L|ecto |n 1989. le became v|ce
Chairman and Managing Director of Jindal Stainless Limited in July,
2003. le |as w|oe |now|eoge ano exoe|ence o stee| |nousty.
le |s on t|e uoao o t|e lntenanona| Sta|n|ess Stee| loum. le
|s a membe o va|ous nanona| ano |ntenanona| ogan|sanons,
|nc|uo|ng t|e uS baseo ?oung les|oent's Cgan|sanon, t|e Cll,
llCCl, t|e lunab, layana ano Le||| C|ambe o Commece
ano lnousty, lntenanona| lon ano Stee| lnsntute, lSSLA ano
l|c|e| Leve|ooment lnsntute. le |s a membe o t|e uoao o
Management of CCS Agriculture University, Haryana. He is also
a L|ecto on t|e uoao o S|a||ma la|nts L|m|teo, la|wa lams
l|vate L|m|teo, Sonab|ee| 1ea L|m|teo, !|noa| lnoust|es L|m|teo,
Cl! |nvestment 8 lo|o|ngs L|m|teo, la|wa l|ncao L|m|teo, la|wa
l|nanc|a| Sev|ces L|m|teo, !|noa| Sta|n|ess Mau|nus L|m|teo,
Jindal Stainless FZE Limited, JSL Group Holding Pte. Limited, JSL
Ventures Pte. Limited, JSL Europe SA, Jindal Stainless UK Limited.
Shr| Naveen I|nda| is the Chairman of the Company, Jindal
lowe L|m|teo, t|e subs|o|ay comoany ano !|noa| leto|eum
L|m|teo. le |o|os a maste's oegee |n bus|ness management
om t|e un|ves|ty o 1exas at La||as, uSA. le was t|e Manag|ng
Director of the Company for the past fourteen years. Under his
ab|e |eaoes||o ano gu|oance, t|e Comoany como|eteo va|ous
exoans|on o|ans ano new ooects successu||y ano ac||eveo ||g|
|eve|s o gowt| ano |as estab||s|eo |ts oot o|nts g|oba||y. le
was among the 25 Indians who were a part of the annual list of
2S0 ?oung C|oba| Leaoes |n 200/ |ssueo by t|e vo|o Lconom|c
loum. le |as been an|eo as lno|a's uest CLC by t|e u1-llSLAL-
lu8 Stuoy ano !SlL was ateo as t|e va|ue ceato |n lno|a o
t|e oe|oo 199S to 2011 by t|e uus|ness 1ooay. le |as a|so been
an|eo among t|e too ten lno|a lnc's Most loweu| CLC's 2011
||st by Lconom|c 1|mes-Coooate Loss|e. le |as been coneeo
with the Ernst and Young Entrepreneur of the year Award 2010
|n e|o o Lnegy 8 lnastuctue. le was e-e|ecteo to lno|an
la||ament |n 2009 |n t|e 1St| Lo| Sab|a e|ecnons. le |s a
membe o lub||c Accounts Comm|tee ano ot|e la||amentay
Comm|tees. le |s a|so a L|ecto on t|e uoao o !|noa| Sta|n|ess
Limited, Jindal Synergy Investment Limited, Salasar Finvest
L|m|teo, M|ac|e lounoanon lno|a ano 1|e Le||| ano L|st|ct
C|c|et Assoc|anon L|m|teo.
Smt. Sha||u I|nda| |s a lon-Lxecunve L|ecto o t|e Comoany.
She is a renowned Kuchipudi dancer and has performed with
muc| acc|a|m ano a|ac|ty, bot| nanona||y ano |ntenanona||y
|nc|uo|ng at oesng|ous oance esnva|s at L||oa, l|aua|o, lamo|,
L|eo|anta, Monte, l|n||n|, C||oambaam, C|a|ao|aSamao|,
l|s|na CanaSab|a, latyana||, C|owma|a||a etc. S|e egu|a|y
g|ves ec|ta|s at va|ous venues acoss lno|a ano aboao.
S|e was |onoueo w|t| t|e 2no Aaao|| Aabao| vomen Ac||eves
Awao, 2010 ano t|e lno|a Cano|| l|yaoas||n| Awao 200/"
o |e outstano|ng ac||evements |n t|e e|o o lno|an c|ass|ca|
oance (luc||ouo|) ano cont|bunon |n t|e e|o o at ano cu|tue,
eoucanon ano commun|ty oeve|ooment.
S|e was awaoeo t|e 2012 8ex lamavee luas|aa - anst o
c|ange" o |e outstano|ng sev|ces ano ac||evements |n t|e
e|o o lno|an C|ass|ca| Lance (luc||ouo|). 1|e awao a|so ma|s
|e cont|bunons towaos soc|a| acnv|nes t|oug| t|e e|o o at
ano cu|tue, eoucanon ano commun|ty oeve|ooment. S|e |as
a|so been awaoeo w|t| t|e lntenanona| vomen's Lay awao
unoe t|e categoy o 'Lance' (lvL awao) by lCul8 (lno|an
Counc|| o ul 8e|anons).
S|e co-c|a|s !SlL lounoanon w|t| |e |usbano S|| laveen
!|noa| ano soea|eao|ng t|e CS8 |n|nanves o t|e cong|omeate.
S|e ocuses on oanc|oanon |n e|o o C|||oen, Loucanon
ano lea|t| t|oug| |e ounoanons. S|e m|y be||eves t|at
|nc|us|ve gowt| can on|y come about | we ensue t|at t|ee |s
no o|snncnon maoe w|t| egao to caste, ceeo, e||g|on, a|t| o
genoe. vo||ng towaos eoucanng o bete m|nos ano |e|o|ng
t|e unoeo|v||egeo get access to t|e best |n eoucanon |s t|e
moto o |e ||e. vomen emoowement ano wo||ng o t|e
oeo|veo secnons o t|e soc|ety ae |ssues c|ose to |e |eat. S|e
|s v|ce-les|oent o t|e l|ag lounoanon o lno|a ano |as |n|nateo
va|ous ceanve ventues.
S|e |s a|so L|ecto on t|e uoao o la|wa Stee| 8 lowe L|m|teo,
!|noa| Stee| 8 lowe (Mau|nus) L|m|teo ano Mansaova
Investment Limited.
Shr| kav| Uppa| is Managing Director & CEO of the Company.
le |s a Mec|an|ca| Lng|nee om lno|an lnsntute o 1ec|no|ogy,
Le||| ano an a|umnus o lno|an lnsntute o Management (llM),
A|meoabao. le |as a|so como|eteo ||s Aovanceo Management
logam om v|aton uus|ness Sc|oo|, uSA. le b|ngs w|t| ||m
moe t|an 36 yeas o exoe|ence o wo||ng |n eng|nee|ng ano
|nastuctua| segments |n lno|a ano aboao. le |as successu||y
set uo sevea| new bus|nesses ano a|so tuneo aouno |ow
oeom|ng un|ts |n t|e oast. le |as wo|eo at va|ous sen|o
manage|a| oos|nons |n Lasen 8 1oubo L|m|teo, Auu lno|a ano
vo|vo lno|a. lmmeo|ate|y beoe o|n|ng t|e Comoany, |e was
v|o|enme L|ecto ano les|oent 8 CLC - lowe at Lasen 8
1oubo Couo. ueoe t|at, |e was t|e les|oent, C|oba| Ma|ets
8 1ec|no|ogy w|t| Auu Couo ano membe o Couo Lxecunve
94
Comm|tee o Auu Couo, .u|c|, Sw|tze|ano ano C|a|man
o Auu, lno|a ano ouno|ng Manag|ng L|ecto 8 County
Manage o vo|vo lno|a. le |s L|ecto on t|e uoao o Suz|on
Lnegy L|m|teo. le |s a|so membe o lea|t|, Saety, CS8 ano
Lnv|onment comm|tee o t|e Comoany.
Shr| Anand Goe| is Joint Managing Director of the Company.
le |o|os a Maste's Legee |n uus|ness Aom|n|stanon om
ul1S, l||an| ano |as t||ty seven yeas o wo||ng exoe|ence |n
steel industry. He has served Jindal Strips Limited for 26 years
|n va|ous sen|o manage|a| oos|nons. le was aooo|nteo on t|e
uoao o t|e Comoany on 9t| May, 1998 ano was aooo|nteo as
a v|o|enme L|ecto o t|e Comoany w.e.. 1st August, 2000.
He was promoted as Deputy Managing Director from 1st August,
2006 and Joint Managing Director from 27th May, 2009. His
unoestano|ng o bus|ness |as been |nstumenta| |n evo|v|ng
gowt| stateg|es ano s|gn|cant|y cont|buteo to |mo|ementanon
o t|e Comoany's exoans|on ano o|ves|canon o|ans |n stee|,
m|n|ng ano oowe bus|nesses o t|e Comoany. le |s a membe
o t|e lanona| Stee| ano lanona| M|n|ng comm|tees o llCCl,
lanona| M|n|ng Comm|tee o Cll ano t|e Coven|ng uooy o t|e
C. l. !|noa| C|oba| un|ves|ty.
Shr| Sush|| Maroo was appointed as Dy. Managing Director of
t|e Comoany om 1st Ao||, 2013. le |o|os a bac|e|o's oegee
in commerce from the University of Rajasthan and is a chartered
accountant by ooess|on. le |as ove 28 yeas o exoe|ence
|n t|e e|os o nance, accounts ano coooate aa|s. ueoe
o|n|ng t|e Comoany, |e seveo |n comoan|es |||e l|noustan
Leve L|m|teo, vo|tas L|m|teo, C|amba| len||ses ano C|em|ca|s
L|m|teo ano oossesses vast nanc|a| ano manage|a| exoe|ence.
He joined the Company in January 2001 as Vice President-
l|nance ano was e|evateo to t|e oos|non o v|o|enme L|ecto
on 20t| May, 2004. le was esoons|b|e o mob|||sanon o unos
o Comoany's exoans|on ano en|anceo oooucnon caoac|ty.
He was Dy. Managing Director of Jindal Power Limited (JPL) and
Group CFO from 18th June, 2008 upto 31st March, 2013. He was
|nstumenta| |n nanc|a| o|ann|ng ano ac||ev|ng nanc|a| c|osue
for the 1,000 MW mega power project of JPL.
le |s t|e lounoe C|a|man o lnoo-Ceog|an C|ambes o
Commece estab||s|eo |n 2010 at Ceog|a, Co-C|a|man o
ASSCClAM lanona| Counc|| on M|nes ano M|nea|s, C|a|man
o ASSCClAM lanona| Counc|| on lno|a - Lann Ame|can
Count|es uus|ness lomonon Counc||, C|a|man o lnoo-Ceman
C|ambes o Commece, membe o Lxoet comm|tee on lon
ano Stee| ano t|e membe o exoet Comm|tee on uan||ng |n
t|e leoeanon o lno|an C|ambes o Commece ano lnousty,
membe o Coven|ng Comm|tee o Soonge lon Manuactues
Assoc|anon (SlMA).
le |s a|so L|ecto on t|e uoao o !|noa| lowe L|m|teo, lama|a
Hydro Electric Power Company Limited, Etalin Hydro Electric
lowe Comoany L|m|teo, Atun|| lyoo L|ect|c lowe Comoany
Limited, Gopalpur Ports Limited, Jindal Petroleum Limited, Jindal
Synue|s L|m|teo, !|noa| Stee| 8 lowe (Mau|nus) L|m|teo,
!|noa| leto|eum (Mau|nus) L|m|teo, !|noa| leto|eum (Ceog|a)
L|m|teo, !|noa| leto|eum Coeanng Comoany LLC, !|noa| M|n|ng
8 Lxo|oanon L|m|teo, !|noa| lnvestments lo|o|ngs L|m|teo, !|noa|
Africa Investments (Pty) Limited, Jindal Minerals & Metals Africa
L|m|teo, vot| Cveseas L|m|teo. le |s a|so membe o Auo|t
Comm|tee o t|e Comoany, !|noa| lowe L|m|teo ano !|noa|
leto|eum L|m|teo ano membe o S|ae|o|oes'/lnvesto's
g|evance comm|tee o t|e Comoany.
Shr| D|nesh kumar Saraog| |s a v|o|enme L|ecto o t|e
Comoany. le |o|os a bac|e|o's oegee |n Mec|an|ca| Lng|nee|ng
om t|e Covenment Lng|nee|ng Co||ege, !aba|ou. le |as an
exoe|ence o 31 yeas |n t|e e|o o stee| ano oowe ano |as been
wo||ng w|t| t|e Comoany s|nce 1988 at va|ous sen|o oos|nons.
le |s oesent|y |eao|ng t|e |ntegateo stee| ooect be|ng set uo
at Angu|, Co|s|a. l|o to t||s, |e was t|e Lxecunve les|oent ano
leao, S|aoeeo lon ano Stee| LLC, Cman, a subs|o|ay comoany.
le was g|ven t|e c|age o Cman ooeanons |mmeo|ate|y ae
|ts acqu|s|non |n !u|y, 2010. unoe ||s ab|e |eaoes||o, t|e o|ant
stateo oooucnon a|eao o sc|eou|e. le was aooo|nteo as an
aoo|nona| L|ecto on 9t| lovembe, 2012. le |s a|so membe o
lea|t|, Saety, CS8 ano Lnv|onment comm|tee o t|e Comoany.
Shr| kam V|nay Shah| |s an lnoeoenoent L|ecto on t|e uoao
o t|e Comoany. le |o|os a bac|e|o's oegee |n mec|an|ca|
eng|nee|ng om t|e lanona| lnsntute o 1ec|no|ogy,
Jamshedpur, a post graduate degree in industrial engineering
om t|e lanona| looucnv|ty Counc||, C|enna|, oost gaouate
o|o|oma |n bus|ness management om xav|e lnsntute, 8anc||
ano a o|o|oma |n aovanceo |noust|a| management om Le|,
lo||ano. le |s a e||ow o t|e vo|o Acaoemy o looucnv|ty
Sc|ences. le |s a|so a e||ow o t|e lnsntunon o Lng|nees (lno|a),
a e||ow o lntenanona| lnsntute o L|ect|ca| Lng|nees ano a
e||ow o t|e lno|an lanona| Acaoemy o Lng|nee|ng.
le |as tec|n|ca|, aom|n|stanve ano manage|a| exoe|ence o
aooox|mate|y 4S yeas. le |as seveo as t|e Secetay, M|n|sty
of Power, Government of India (GoI), from April 2002 to January
2007, prior to which he was Chairman and Managing Director
o uSLS L|m|teo om 1994 to 2002. le a|so wo|eo |n va|ous
caoac|nes w|t| l|noustan Stee| L|m|teo (now Stee| Aut|o|ty o
lno|a L|m|teo) o ove ten yeas ano l1lC L|m|teo o s|xteen
yeas ano was L|ecto (Coeanons) on t|e uoao o l1lC.
During his tenure as the Secretary to GoI, the Indian power
secto w|tnesseo mao estuctu|ng t|oug| t|e omu|anon
ano |mo|ementanon o |eg|s|anve ano oo||cy |n|nanves a|meo
at ceanng a comoennve ma|et stuctue. 1|ese |nc|uoeo,
among ot|es, t|e L|ect|c|ty Act (2003), lanona| L|ect|c|ty
lo||cy (200S), L|ect|c|ty 1a| lo||cy (2006), Acce|eateo lowe
Development Reform Programme (2002) and Ultra Mega Power
Project Policy (2006).
le |s C|a|man (Lxecunve) o Lnegy lnatec| l|vate L|m|teo,
an eng|nee|ng ano ooect oeve|ooment consu|nng Comoany,
C|a|man, Aov|soy uoao on enegy o lnastuctue
Leve|ooment l|nance Comoany L|m|teo (lLlC), C|a|man,
Aov|soy uoao o lno|an Lnegy Lxc|ange, C|a|man, Aoan|
95
lowe Aov|soy uoao, C|a|man, laun|ya Management
Loucanon Soc|ety, Membe, Aov|soy Couo on lowe,
Covenment o lno|a, Membe, Centa| Aov|soy Comm|tee o
Central Electricity Regulatory Commission and Energy Advisor,
Sout| As|a, vo|o uan|.
le |as oesenteo many oaoes at va|ous lanona| ano
lntenanona| Coneences ano eo|teo a boo| ennt|eo 100
Years of Thermal Power in India (2000). He has authored the
o||ow|ng boo|s v|z. |) lno|an lowe Secto - C|a||enge ano
8esoonse (200S), ||) 1owaos lowe|ng lno|a: lo||cy ln|nanves
ano lmo|ementanon Stategy (200/) ano |||) Lnegy Secu|ty ano
Climate Change (2009).
He has received several Awards which include, among others,
t|e Lm|nent Lng|nee Awao by t|e lnsntunon o Lng|nees, uest
lowe Man o t|e M|||enn|um ?ea 2000 Awao by t|e lanona|
lounoanon o lno|an Lng|nees ano lowe-1e|ecom Convegence
Awao 2000 by t|e lnoeoenoent lowe loouces Assoc|anon o
lno|a ano lanona| lowe 1a|n|ng lnsntute. le |s a|so a L|ecto
on t|e uoao o !|noa| lowe L|m|teo, Subs|o|ay o t|e Comoany,
Lnego lnastuctue Leve|ooment Coooanon L|m|teo, 8ua|
8enewab|e Lnegy L|m|teo, 8v S|a|| Aov|soy l|vate L|m|teo. le
|s a|so C|a|man o Auo|t Comm|tee o t|e Comoany as we|| as
!|noa| lowe L|m|teo ano membe o Comoensanon Comm|tee
of the Company.
Shr| Arun kumar urwar |s an lnoeoenoent L|ecto on t|e uoao
of the Company. He holds a masters degree in commerce from
A||a|abao un|ves|ty ano a o|o|oma |n bus|ness aom|n|stanon.
le was C|a|man o State uan| o lno|a (Sul) uoto May 2006. l|o
to t|at, |e was t|e Manag|ng L|ecto o State uan| o lana|a
ano CLC o 1o|yo uanc| o Sul. le |s an exoe|enceo ban|e ano
an exoet |n nanc|a| management. le |ao been awaoeo '1|e
CLC o t|e yea' by t|e lnsntute o 1ec|no|ogy 8 Management
(2004), 'Cutstano|ng Ac||eve o t|e yea' Awao by lno|an uan|s
Assoc|anon (2004) ano l|nance Man o t|e yea" Awao by t|e
uombay Management Assoc|anon |n 2006. le |s t|e C|a|man
of India Venture Advisors Private Limited, Investment Manager
to lno|a ventue 1ust - luno l, t|e |ea|t|cae ano ||e sc|ences
ocuseo o|vate equ|ty uno. le |s a|so wo||ng as C|a|man o lL
8 lS 8enewab|e Lnegy L|m|teo s|nce Mac| 2008 ano C|a|man
o llL l|nance l|vate L|m|teo, t|e lulC am o l|ama| gouo
s|nce Seotembe 2011.
le |s L|ecto on t|e uoao o vao|man 1exn|es L|m|teo, 8e||ance
Commun|canons L|m|teo, Aoo||o 1yes L|m|teo, lno|a lno||ne
L|m|teo, !|noa| lowe L|m|teo, C8C Constucnon L|m|teo, S|
Kavery Medical Care (Trichy) Limited, PHL Capital Private Limited,
Vardman Chemtech Limited, Energy Infratech Private Limited,
ClCC-1|oua lowe Comoany L|m|teo, M|zu|o Secu|nes
l|vate L|m|teo. le |s t|e C|a|man o Auo|t Comm|tee o
8e||ance Commun|canon L|m|teo, ClCC-1|oua lowe Comoany
L|m|teo ano membe o Auo|t Comm|tee o !|noa| lowe
Limited, Sri Kavery Medical Care (Trichy) Limited, PHL Finance
l|vate L|m|teo, llL Cao|ta| l|vate L|m|teo ano membe o
S|ae|o|oes' C|evance Comm|tee o 8e||ance Commun|canon
L|m|teo. le |s a|so a membe o 8emuneanon ano lom|nanon
comm|tee o t|e Comoany.
Shr| Arun kumar |s an lnoeoenoent L|ecto on t|e uoao o
the Company. He holds a masters degree in Physics from Delhi
un|ves|ty ano |n Mat|emancs om uanaas l|nou un|ves|ty,
vaanas|. le was C||e Secetay to Covenment o C||amsga|
om lovembe 2000 to !anuay 2003 ano |s an l.A.S. Cmce
(8eneo) o 196S batc|. Lu|ng ||s tenue o 38 yeas |n t|e
State / Central Government, he has held various important
oos|nons. le was t|e C|a|man, Aom|n|stanve 8eoms
Comm|ss|on (C||amsga|), v|ce C|a|man, State l|ann|ng uoao
(C||amsga|), les|oent, uoao o 8evenue (Mao|ya laoes|),
1exn|e Comm|ss|one, Covt. o lno|a at Mumba|, l|nc|oa|
Secetay to Covt. o M. l., l|g|e Loucanon Leoatment. le
|s C|a|man o lea|t|, Saety, CS8 ano Lnv|onment comm|tee,
lom|nanon ano 8emuneanon comm|tee ano membe o Auo|t
comm|tee ano S|ae|o|oes' / lnvestos' C|evance comm|tee
of the Company.
Shr| Sudershan kumar Garg is an Independent Director on
t|e uoao o t|e Comoany. le |o|os a uac|e|o's Legee |n
Commece ano |s a C|ateeo Accountant by ooess|on. le |as
39 yeas o va|eo exoe|ence |n t|e e|o o C|| 8 lowe. le |as
wo|eo w|t| lno|an C|| Coooanon L|m|teo o 29 yeas ano |as
acqu|eo |c| exoe|ence |n l|nance, Ma|enng, l|oe||nes, Lxc|se
8 Customs, C|| l|c|ng etc. le was Lxecunve L|ecto (l|nance) |n
lno|an C|| Coooanon. le o|neo t|e uoao o lllC L|m|teo as
L|ecto (l|nance) |n 2003. ln Cctobe 200S, |e was aooo|nteo
C|a|man ano Manag|ng L|ecto o lllC L|m|teo ano llLC
96
L|m|teo (a subs|o|ay o lllC L|m|teo) ano seveo at t|ese oosts
o moe t|an ve yeas n|| ||s suoeannuanon |n Lecembe
2010. unoe ||s ab|e gu|oance, lllC was coneeo w|t| 'M|n|
8atna Categoy - l' status. As C|a|man ano Manag|ng L|ecto
o lllC |e was |nvo|veo |n bus|ness oocess e-eng|nee|ng ano
estuctu|ng, exoans|on o bus|ness, llC o s|aes etc. le was
a|so on t|e uoao o lntenanona| lyoo Assoc|anon (llA).
le was coneeo w|t| 'L|enme Ac||evement Awao' by t|e
lnsntute o Lconom|c Stuo|es |n 2010, 'CA loess|ona| Manage's
Awao' |n oesona| caoac|ty by t|e lnsntute o C|ateeo
Accountants o lno|a |n 2008, t|e 'S8CC A|umn| awao' by S|
8am Co||ege o Commece |n 2009 ano 'CLlM - lMA lonoay
le||ows||o Awao' by t|e Cente o Lxce||ence |n loect
Management (CEPM) and Project Management Associates apart
om gemng sevea| ot|e awaos. le |s a L|ecto on t|e uoao
of Jindal Power Limited. He is also Chairman of Governance and
uus|ness Lt||cs comm|tee o t|e Comoany.
Shr| na|greve kha|tan |s an lnoeoenoent L|ecto on t|e uoao
o t|e Comoany. le |o|os a Law oegee om lo||ata un|ves|ty.
He Joined Khaitan & Co. in 1988 and is now a senior partner.
He is a corporate and commercial lawyer and heads Mergers
ano Acqu|s|nons (M8A) o|v|s|on o l|a|tan 8 Co. le soent
cons|oeab|e yeas o ||s |n|na| oacnce |n eoesennng c||ents
on ||nganon mates ano t|eeae |e went on to eoesent
many c||ents on ooect nance ano ea| estate tansacnons. le
oesent|y ocuses ||s oacnce on M8A, o|vate equ|ty, ventue
capital, corporate restructuring and advises various Indian
ano |ntenanona| c||ents on ot|e stateg|c tansacnons. le |s
||g||y ecommenoeo by wo|o's |eao|ng |aw c|ambes / |ega|
acceo|tanon boo|es as one o t|e |eao|ng |awyes |n lno|a ano as
t|e |eao|ng |awye o ooect nance |n As|a.
le |s L|ecto on t|e uoao o Ambua Cements L|m|teo, uaa
Coo. L|m|teo, Ceat L|m|teo, l|stsouces So|unons L|m|teo,
la|sons Ma|aya|am L|m|teo, llCx Le|sue L|m|teo, !Sv lsoat
Stee| L|m|teo, lanona| Lng|nee|ng lnoust|es L|m|teo, Ste||te
Technologies Limited, The West Coast Paper Mills Limited, Torrent
l|amaceunca|s L|m|teo, xoo lno|a L|m|teo, Av1LC L|m|teo,
Ceat Lasten Lnegy Coooanon L|m|teo, v|na Systems l|vate
L|m|teo. le |s a|so a membe o Auo|t Comm|tee o la|sons
Ma|aya|am L|m|teo, lnox Le|sue L|m|teo, !Sv lsoat Stee| L|m|teo,
lanona| Lng|nee|ng lnoust|es L|m|teo, Ste||te 1ec|no|og|es
L|m|teo, 1oent l|amaceunca|s L|m|teo ano Avtec L|m|teo. le |s
a|so a membe o S|ae|o|oes C|evance Comm|tee o lanona|
Engineering Industries Limited, JSW Ispat Steel Limited. He is a
membe o Auo|t comm|tee o t|e Comoany.
Shr| nard|p S|ngh W|rk |s an lnoeoenoent L|ecto on t|e uoao
o t|e Comoany. le |o|os a bac|e|o's oegee |n |aw om Le|||
University. He started his career in 1998 as a lawyer with Shri
P. V. Kapur, Sr. Advocate and has handled various cases in Delhi
l|g| Cout, Comoany Law uoao, Consume loum ano Suoeme
Cout o lno|a. 1|eeae, |e o|neo M/s 1||ega|, a Coooate Law
m w|ee |e soec|a||seo |n oe|gn |nvestments, ea| estate ano
general corporate advice. In 2005, he started his independent
oacnce soec|a||s|ng |n oe|gn |nvestment ano ea| estate.
le |s a|so a L|ecto on t|e uoao o !|noa| lowe L|m|teo. le
|s a membe o Auo|t comm|tee o !|noa| lowe L|m|teo ano
membe o lea|t|, Saety, CS8 ano Lnv|onment comm|tee ano
lom|nanon ano 8emuneanon comm|tee o t|e Comoany.
||) 8oard Meenngs
1|e uoao meets at egu|a |nteva|s to o|scuss ano oec|oe
on Comoany / bus|ness oo||c|es ano stategy aoat om
ot|e egu|a bus|ness mates. uoao Meenngs ae usua||y
|e|o at t|e Coooate Cmce o t|e Comoany at lew Le|||.
Lu|ng t|e nanc|a| yea enoeo on 31st Mac|, 2013, ve
uoao Meenngs wee |e|o on 2/t| Ao||, 2012, 24t| !u|y,
2012, 9t| lovembe, 2012, 12t| lebuay, 2013 ano 26t|
Mac|, 2013. Max|mum nme gao between two consecunve
meenngs |ao not exceeoeo 4 mont|s.
The agenda and notes are circulated to the Directors in
aovance. A|| mate|a| |nomanon |s |nc|uoeo |n t|e agenoa
o ac|||tanng mean|ngu| o|scuss|ons at t|e meenng. ln case
o ugent necess|ty, eso|unons ae oasseo by c|cu|anon |n
accordance with the provisions of Companies Act, 1956.
uus|ness un|t |eaos ano sen|o management oesonne|
ma|e oesentanons to t|e uoao. 1|e uoao |s uooateo on
t|e o|scuss|ons |e|o at t|e Comm|tee meenngs ano t|e
ecommenoanons maoe by va|ous Comm|tees.
1|e agenoa o t|e meenngs o t|e uoao |nc|uoes annua|
ooeanng o|ans, cao|ta| buogets ano uooates t|ee|n,
quate|y / annua| conso||oateo ano stanoa|one nanc|a|
esu|ts o t|e Comoany ano |ts ooeanng o|v|s|ons o
bus|ness segments, m|nutes o meenngs o t|e uoao ano
uoao Comm|tees, eso|unons oasseo by c|cu|anons ano
uoao m|nutes o t|e subs|o|ay comoan|es, S|ow cause /
oemano / oosecunon nonces ano oena|ty nonces w||c|
are materially important, fatal or serious accidents, details
o any acqu|s|non ano o|nt ventues, eoots on oe|gn
exc|ange exoosues, o|sc|osues ece|veo om L|ectos,
e|ateo oaty tansacnons, oeomance o t|e Comoany
ano ooects unoe |mo|ementanon, s|gn|cant tansacnons
ano aangements enteeo by subs|o|ay comoan|es,
acnon ta|en eoot on oec|s|ons ta|en |n uoao meenngs.
Lec|s|ons ta|en at t|e uoao / Comm|tee meenngs ae
communicated to the concerned departments. The minutes
ae aoooveo by t|e uoao / Comm|tee at |ts next Meenng.
3) CCMMI11LLS CI 1nL 8CAkD
1|e uoao Comm|tees o|ay a v|ta| o|e |n stengt|en|ng
t|e Coooate Covenance oacnces ano ocus eecnve|y
on t|e |ssues ano ensues exoeo|ent eso|unon o t|e
o|vese mates. 1|e Comm|tees a|so ma|e soec|c
ecommenoanons to t|e uoao on va|ous mates w|en
equ|eo. A|| obsevanons, ecommenoanons ano oec|s|ons
o t|e Comm|tees ae o|aceo beoe t|e uoao o
|nomanon o o aooova|.
97
1|e uoao o L|ectos |as, om nme to nme, consntuteo
t|e o||ow|ng Comm|tees, name|y:
1) Auo|t Comm|tee
2) lom|nanon ano 8emuneanon Comm|tee
3) S|ae|o|oes' / lnvestos' C|evance Comm|tee
4) lea|t|, Saety, CS8 ano Lnv|onment Comm|tee
S) Covenance ano uus|ness Lt||cs Comm|tee
6) Sub-Comm|tee o L|ectos
/) Comoensanon Comm|tee
v|oeo Coneenc|ng ac|||nes ae a|so useo to ac|||tate
L|ectos / membes oesent at ot|e |ocanons to
oanc|oate |n t|e meenngs.
|) Aud|t Comm|uee
1|e Auo|t Comm|tee |s vesteo w|t| o|e ano oowes as
mennoneo |n oaa C 8 L o C|ause 49(ll) o t|e L|snng
Ageement. 1|e Auo|t Comm|tee oov|oes o|ecnon
to t|e auo|t uncnons ano mon|tos t|e qua||ty o
|ntena| ano statutoy auo|t. 1|e esoons|b|||nes o
t|e Auo|t Comm|tee |nc|uoe ovesee|ng t|e nanc|a|
eoonng oocess to ensue a|ness, sumc|ency ano
ceo|b|||ty o nanc|a| statements, ev|ew no|ngs
o |ntena| auo|tos e|anng to uncnons o va|ous
un|ts, omces, ooect s|tes etc, |o|o|ng o|scuss|ons
with statutory auditors, internal auditors and cost
auo|tos, ecommenoanon o aooo|ntment ano
removal of statutory auditors and cost auditors and
aooo|ntment o |ntena| auo|tos ano xanon o t|e|
emuneanon, ev|ew o t|e quate|y ano annua|
nanc|a| statements beoe subm|ss|on to uoao,
review of the adequacy and compliance of internal
conto| systems ano t|e |ntena| auo|t uncnon,
ev|ew o como||ance w|t| |aws, |nsoecnon o ecoos
ano auo|t eoots ano eoots o statutoy auo|tos,
ev|ew o no|ngs o |ntena| |nvesnganons, ev|ew
o statement o s|gn|cant e|ateo oaty tansacnons,
ev|ew o management |etes / |ete o |ntena|
conto| wea|nesses |ssueo by statutoy auo|tos,
o|scuss|on on t|e scooe o auo|t w|t| extena| auo|tos
ano exam|nanon o easons o substanna| oeau|ts, |
any, |n t|e oayment to sta|e|o|oes.
Compos|non
1|e uoao |as consntuteo t|e Auo|t Comm|tee |n
1999 and comprises of four directors out of which
t|ee ae lon Lxecunve lnoeoenoent L|ectos,
namely, Shri R. V. Shahi, Shri Arun Kumar and Shri
Haigreve Khaitan, Shri Sushil Maroo, who is also a
membe, |s Ly. Manag|ng L|ecto o t|e Comoany.
S|| 8.v. S|a|| |s t|e C|a|man o Auo|t Comm|tee.
1|e comoos|non o t|e Auo|t Comm|tee meets t|e
equ|ements o Secnon 292A o t|e Comoan|es
Act, 19S6 ano C|ause 49 o t|e ||snng ageement.
The Company Secretary acts as the secretary to the
Comm|tee.
Meenngs and Auendance
L|g|t Auo|t Comm|tee meenngs wee |e|o on 4t|
April, 2012, 27th April, 2012, 4th July, 2012, 24th July,
2012, 3o Cctobe, 2012, 9t| lovembe, 2012, /t|
!anuay, 2013 ano 12t| lebuay, 2013 ou|ng t|e
ueLalls of meeungs auended by Lhe members are glven below:-
Sr.
No.
Comm|uee Members os|non Meenngs he|d Meenngs Auended
1 Shri R. V. Shahi Chairman 8 8
2 Shri Arun Kumar Membe 8 8
3 Shri Haigreve Khaitan Membe 8 4
4 Shri Sushil Maroo Membe 8 7
Interna| Aud|t
The Company has an Internal Audit Department
cons|snng o C|ateeo Accountants ano ot|e
qua||eo ooess|ona|s w||c| |s |eaoeo by a sen|o
ano exoe|enceo ooess|ona| o t|e |eve| o les|oent.
1|e Comoany |as engageo t|ee ms o C|ateeo
Accountants w||c| ae conoucnng |ntena| auo|t o
wo|s, estab||s|ments, stoc|yaos, ma|enng omces
and projects sites. The Internal Audit Department and
these Auditors present Internal Audit Reports at every
quate|y meenng to t|e Auo|t comm|tee ||g|||g|nng
t|e ||g| |s| aeas, |ntena| conto| wea|nesses
ano acnon ta|en by t|e management to m|ngate
the same.
||) Nom|nanon and kemuneranon Comm|uee
In compliance with non-mandatory requirement
o C|ause 49 o t|e ||snng ageement, t|e uoao
o L|ectos, |as consntuteo a lom|nanon ano
8emuneanon Comm|tee. 1|e comm|tee oeoms
t|e o||ow|ng uncnons.
1. Se|ecnon o cano|oates o t|e oos|nons o
Manag|ng L|ectos / v|o|enme L|ectos
whether designated as Joint Managing Director/
Dy. Managing Director or otherwise and their
ecommenoanon to t|e uoao o L|ectos o
appointment along with period of appointment.
98
2. Letem|nanon o emuneanon oac|ages o
Manag|ng L|ectos / v|o|enme L|ectos
whether designated as Joint Managing Director/
Dy. Managing Director or otherwise including
sa|ay, benets, oequ|s|tes, a||owances,
e|mbusements, ac|||nes, s|ae |n oots,
management |ncennves, stoc| oonons etc. |n
accooance w|t| secnon 198, 309 ano ot|e
aoo||cab|e oov|s|ons ano sc|eou|e xlll to
the Companies Act, 1956 and the Companys
oo||c|es ano t|e| ecommenoanon to t|e uoao
of Directors.
3. Letem|nanon, om nme to nme, o tems o
ev|s|ons o emuneanon o Manag|ng L|ectos
/ v|o|enme L|ectos w|et|e oes|gnateo
as Joint Managing Director/ Dy. Managing
L|ecto o ot|ew|se |nc|uo|ng sa|ay, benets,
oequ|s|tes, a||owances, e|mbusements,
ac|||nes, s|ae |n oots, management
|ncennves, stoc| oonons etc. |n accooance
w|t| secnon 198, 309 ano ot|e aoo||cab|e
oov|s|ons ano sc|eou|e xlll to t|e Comoan|es
Act, 1956 and the Companys policies and their
ecommenoanon to t|e uoao o L|ectos.
4. Letem|nanon o tems o oayment o
emuneanon e|t|e by way o comm|ss|on ano/
o ot|ew|se to lon-Lxecunve L|ectos ano
t|e| ev|s|on, om nme to nme.
S. 1o oo o ano on be|a| o t|e uoao a|| acts,
oeeos ano t||ngs w||c| may be necessay o
eecnve |mo|ementanon o t|e oego|ng acts.
Compos|non
1|e lom|nanon ano 8emuneanon Comm|tee
como|ses enne|y o lnoeoenoent L|ectos, name|y,
Shri Arun Kumar, Shri A. K. Purwar and Shri Hardip
S|ng| v||. S|| Aun luma |s C|a|man o t|e
Comm|tee. Sen|o Cmces o l8 oeoatment ae
|nv|teo to b|e t|e membes about t|e |n|nanves ano
ot|e |ssues e|anng to aooo|ntment / emuneanon
o Manag|ng / v|o|enme L|ectos.
1|e Comm|tee met t|ee nmes on 29t| Seotembe,
2012, 9t| lovembe, 2012 ano 26t| Mac|, 2013
ou|ng t|e nanc|a| yea 2012-13.
ueLalls of meeungs auended by Lhe members are glven below:
Sr.
No.
Comm|uee Members os|non Meenngs ne|d Meenngs Auended
1 Shri Arun Kumar Chairman 3 3
2 Shri A. K. Purwar Membe 3 2
3 S|| lao|o S|ng| v|| Membe 3 3
1|e Comoany oays emuneanon by way o sa|ay, oequ|s|tes, |ncennves, s|ae |n oots, a||owances, etc. ano taget baseo
va|ab|e oay to |ts Manag|ng / v|o|enme L|ectos. 1|e xeo comoonent |s oa|o on a mont||y bas|s ano t|e va|ab|e oay
|s oa|o on t|e bas|s o t|e oeomance o t|e Comoany |n genea| ano t|e |no|v|oua| oeomance at t|e eno o nanc|a|
yea. Annua| |ncements ae eecnve om 1st Ao|| eac| yea, as ecommenoeo by t|e lom|nanon ano 8emuneanon
Comm|tee ano aoooveo by t|e uoao ano s|ae|o|oes. 1|e Comoany |s oay|ng s|mng ees o ` 20,000 oe meenng to t|e
lLLs o ateno|ng t|e meenngs o t|e uoao o L|ectos ano Comm|tees t|eeo.
kemuneranon of D|rectors
ueLalls of remunerauon pald Lo ulrecLors of Lhe Company for Lhe nanclal year ended on 31sL March, 2013 are as follows:
(` in Lacs)
Sr.
No
Name S|mng Iees Sa|ary erqu|s|tes and
8enehts
Shares |n roht]
Incennve
1ota|
1. Shri Ratan Jindal 0.60 --- --- --- ---
2. S|| laveen !|noa| --- 1,209.60 0.40 4,288.35 5,498.35
3. Smt. Shallu Jindal 1.00 --- --- --- ---
4. Shri Ravi Uppal --- 137.03 20.37 145.00 302.40
5. S|| v||ant Cua| --- 132.21 0.23 0 132.44
6. Shri Anand Goel --- 263.70 0.40 --- 264.10
7. S|| l. l S. la|a 0.80 --- --- --- ---
8. Shri Arun Kumar 3.60 --- --- --- ---
9. Shri A. K Purwar 1.40 --- --- --- ---
10. Shri R.V. Shahi 2.60 --- --- --- ---
11. Shri Sushil K. Maroo 3.20 --- --- --- ---
12. Shri Haigreve
Khaitan
1.40 --- --- --- ---
99
(` in Lacs)
Sr.
No
Name S|mng Iees Sa|ary erqu|s|tes and
8enehts
Shares |n roht]
Incennve
1ota|
13. Shri Hardip Singh
v||
1.80 --- --- --- ---
14. Shri Rahul Mehra 0.40 --- --- --- ---
15. S|| l.A Ansa| --- 24.42 0.30 --- 24.72
16. Shri Sudershan
Kumar Garg
0.80 --- --- --- ---
17. Shri Manohar Lal
Gupta
--- 16.34 --- --- 16.34
18. Shri Dinesh Kumar
Saraogi
--- 41.42 --- --- 41.42
ln case o lom|nee L|ecto, t|e s|mng ee was o|ect|y oa|o to lLul uan| L|m|teo.
Notes:
1) lon Lxecunve L|ectos o t|e Comoany ae not oa|o any emuneanon ot|e t|an s|mng ees.
2) Sa|ay 8 oequ|s|tes |nc|uoe a|| e|ements o emuneanon |.e. sa|ay, e|mbusement ano ot|e a||owances ano benets
|nc|uo|ng emo|oye's oov|oent uno cont|bunon ano oequ|s|te va|ue.
3) ln aoo|non to above sa|ay, v|o|enme L|ectos ae ennt|eo to oayment o taget va|ab|e oay o 2012-13 w||c| w|||
be oa|o |n oue couse. 1aget va|ab|e oay o nanc|a| yea 2011-12 was oa|o |n 2012-13 ano |as been |nc|uoeo |n t|e|
salary.
1enure of Servlce of ulrecLors
Name er|od Date of Appo|ntment Nonce er|od
S|| laveen !|noa| 1st Cctobe, 2012 to
30t| Seotembe, 201/
1st Cctobe, 2012 l||
Shri Ravi Uppal 1st Cctobe, 2012 to
30t| Seotembe, 201/
1st Cctobe, 2012 2 months
Shri Anand Goel 1st August, 2010 to
31st July, 2015
1st August, 2010 l||
Shri Sushil Maroo 1st April, 2013 to
31st March, 2018
1st April, 2013 l||
Shri Dinesh Kumar Saraogi 9t| lovembe, 2012 to
8t| lovembe, 201/
9t| lovembe, 2012 l||
Aooo|ntment o Manag|ng / v|o|enme L|ectos |s goveneo by eso|unons oasseo by t|e uoao o L|ectos ano
s|ae|o|oes o t|e Comoany, w||c| cove t|e tems ano cono|nons o suc| aooo|ntments eao w|t| t|e sev|ce u|es o t|e
Comoany. 1|ee |s no seoaate oov|s|on o oayment o seveance ee unoe t|e eso|unons goven|ng t|e| aooo|ntment.
|||) Shareho|ders' ] Investors' Gr|evance
Comm|uee
1|e S|ae|o|oes' / lnvestos' C|evance Comm|tee
|as been consntuteo |n tems o C|ause 49 o L|snng
Ageement ano |s entusteo w|t| t|e esoons|b|||ty o
addressing the shareholders / investors complaints
with respect to transfer of shares, non-receipt of
Annual Report, non-receipt of dividend etc.
Compos|non
1|e Comm|tee was econsntuteo by t|e uoao
|n |ts meenng |e|o on 9t| lovembe, 2012 w|t|
appointment of Shri Arun Kumar, an Independent
L|ecto on t||s comm|tee. S|| Anano Coe| ano
S|| Sus||| Maoo connnue to be |ts ot|e membes.
C|a|man |s e|ecteo by t|e Membes oesent |n t|e
Meenng. Lu|ng t|e yea unoe eoot Comoany |as
received 28 complaints from the shareholders and all
these complaints were resolved as on 31st March,
2013.
1|e Comm|tee met 4 nmes on 2/t| Ao||, 2012, 24t|
!u|y, 2012, St| lovembe, 2012 ano 2no lebuay,
2013 ou|ng t|e nanc|a| yea 2012-13.
100
ueLalls of meeungs auended by Lhe members are glven below:-
Sr.
No.
1 S|| Aun luma Membe 1 1
2 Shri Anand Goel Membe 4 4
aooo|nteo as Membe w.e.. 9t| lovembe, 2012
The Company has set up a dedicated e-mail id - investorcare@jindalsteel.com for investors to send their grievances.
|v) nea|th, Safety, CSk and Lnv|ronment
Comm|uee
1|e uoao |as, |n |ts meenng |e|o on 9t| lovembe,
2012, consntuteo lea|t|, Saety, CS8 ano Lnv|onment
Comm|tee. 1|e Comm|tee oeoms t|e o||ow|ng
uncnons:-
1. Cvesee t|e |mo|ementanon o Saety ano
Cccuoanona| lea|t| lo||cy, Lnv|onment lo||cy
ano ua||ty lo||cy ano t|e| ev|ew om nme to
nme.
2. Mon|to ano ev|ew ooeanona| oeomance,
annc|oate ootenna| |ssues ano oov|oe suooot
|n semng o|ecnon o |moovements.
3. Monitor and review compliance of various laws
aoo||cab|e o |ea|t|, saety ano env|onment
ootecnon at a|| wo|s / acto|es / o|ants /
projects of the Company and recommend
measures for improvement of the same.
4. Mon|to ano ev|ew como||ance o cono|nons
under various approvals and clearances in
e|anon to wo|s / acto|es / o|ants / ooects o
the Company.
S. lomu|ate ano ecommeno to t|e uoao, a
Coooate Soc|a| 8esoons|b|||ty lo||cy w||c|
s|a|| |no|cate t|e acnv|nes to be unoeta|en by
the Company.
6. 8ecommeno t|e amount o exoeno|tue to be
|ncueo on t|e CS8 acnv|nes.
/. Mon|to t|e Coooate Soc|a| 8esoons|b|||ty
Policy of the Company and ensure that the
acnv|nes as ae |nc|uoeo |n t|e sa|o lo||cy ae
unoeta|en by t|e Comoany.
8. 1o oo o ano on be|a| o t|e uoao a|| acts,
Compos|non
1|e lea|t|, Saety, CS8 ano Lnv|onment Comm|tee
comprises of Shri Arun Kumar, an Independent Director
as C|a|man, S|| lao|o S|ng| v||, S|| 8av| uooa|,
Shri Anand Goel and Shri Dinesh Kumar Saraogi as
|ts membes. 1|e Sen|o Cmces o t|e Comoany
ae |nv|teo to |ts meenngs to b|e t|e membes ano
oesent eoots on t|e |tems be|ng o|scusseo at t|e
meenng.
Lu|ng t|e yea unoe eoot, one meenng o t|e
Comm|tee was |e|o on 2no lebuay, 2013.
ueLalls of meeungs auended by Lhe members are glven below:
Sr.
No.
1 Shri Arun Kumar Chairman 1 1
2 S|| lao|o S|ng| v|| Membe 1 1
3 Shri Ravi Uppal Membe 1 1
5 Shri Dinesh Kumar Saraogi Membe 1 0
101
ueLalls of meeung auended by Lhe members are glven below:
Sr.
No.
1 Shri Sudershan Kumar Garg Chairman 1 1
v|) Sub-Comm|uee of D|rectors
1|e uoao |as oe|egateo soec|c oowes to t|e Sub-Comm|tee o L|ectos, om nme to nme, o ta||ng oec|s|ons |n
connecnon w|t| oay to oay aa|s o t|e Comoany.
Compos|non
1|e Sub-Comm|tee o L|ectos como|ses o S|| laveen !|noa|, S|| Anano Coe| ano S|| Sus||| Maoo. Consequent to
es|gnanon o S|| v||ant Cua| om t|e o|ectos||o o t|e Comoany, |e ceaseo to be t|e membe o t||s Comm|tee.
v) Governance and 8us|ness Lth|cs Comm|uee
1|e uoao |as, |n |ts meenng |e|o on 9t| lovembe,
2012, consntuteo t|e Covenance ano uus|ness Lt||cs
Comm||tee. 1|e comm|tee oeoms t|e o||ow|ng
uncnons:-
|. Cvesee t|e |mo|ementanon o t|e o||ow|ng
Cooes / oo||c|es o t|e Comoany:-
Companys Code of Internal Procedures
ano Conouct o levennon o lns|oe
Trading
Cooe o Coooate L|sc|osue lacnces o
levennon o lns|oe 1ao|ng.
Code of Conduct for Directors and senior
management personnel
Couo Cooe o uus|ness Conouct
Any ot|e Cooe / oo||cy as may be
aoo||cab|e om nme to nme.
||. Lec|oe on t|e v|o|anon o t|e Cooes / oo||c|es by
any emo|oyee / L|ecto ano |moos|non o ne/
oena|ty ano ta||ng o|sc|o||nay acnon.
|||. Cbsevance o t|e best oacnces o Coooate
Governance at all levels and suggests remedial
measures, wherever necessary.
|v. 1o oo o ano on be|a| o t|e uoao a|| acts,
Compos|non
1|e Covenance ano uus|ness Lt||cs Comm|tee
comprises of Shri Sudershan Kumar Garg, Independent
Director as Chairman, Shri Anand Goel and Shri Sushil
Maoo, as membes. 1|e Sen|o Cmces o t|e
Comoany ae |nv|teo to t|e comm|tee meenngs to
b|e t|e membes ano oesent eoots on t|e mates
be|ng o|scusseo at t|e meenng.
Lu|ng t|e yea unoe eoot, one meenng o t|e
Comm|tee was |e|o on 11t| lebuay, 2013.
Lu|ng t|e yea unoe eoot, t|e Comm|tee met 1||ty 1wo (32) nmes.
ueLalls of meeung auended by Lhe members are glven below:-
Sr.
No.
1 S|| laveen !|noa| Chairman 32 3
4 S|| v||ant Cua| Membe 18 14
ceaseo to be membe w.e. 9t| lovembe, 2012
102
v||) Compensanon Comm|uee (Stock Cpnons)
S|| 8.v. S|a|| ano S|| Sus||| Maoo ae membes
o t|e Comoensanon Comm|tee. lo meenng o t||s
Comm|tee was |e|o ou|ng t|e nanc|a| yea 2012-
13 because no stoc| oonons wee ganteo ou|ng t|e
year under report.
4) SU8SIDIAk CCMANILS
Shri R. V. Shahi, Independent Director of the Company
|as been nom|nateo by t|e Comoany as an lnoeoenoent
L|ecto on t|e uoao o !|noa| lowe L|m|teo |n como||ance
w|t| t|e C|ause 49(lll)(|) o t|e ||snng ageement. 1|e
Auo|t Comm|tee ev|ews t|e nanc|a| statements ano
|nvestments maoe by t|e un||steo subs|o|ay comoan|es.
1|e m|nutes o uoao meenngs o t|e un||steo subs|o|ay
comoan|es ae o|aceo at t|e uoao meenngs a|ong w|t|
a statement o s|gn|cant tansacnons by t|e un||steo
subs|o|ay comoany.
S) GLNLkAL 8CD MLL1INGS
Annua| Genera| Meenng
1|e Annua| Cenea| Meenngs o t|e Comoany ou|ng t|e
oeceo|ng t|ee yeas wee |e|o at eg|steeo omce o t|e
Comoany at C. l. !|noa| Mag, l|sa - 12S00S, layana on
t|e o||ow|ng oates ano nmes, w|ee|n t|e o||ow|ng soec|a|
eso|unons wee oasseo: -
AGM ear Date, Day & 1|me 8r|ef Descr|pnon of Spec|a| keso|unon
33rd 2011-12 26t| Seotembe, 2012 veonesoay, 12.00 loon lo Soec|a| eso|unon was oasseo |n t|e
Annua| genea| Meenng
32nd 2010-11 29t| Seotembe, 2011 1|usoay, 12.00 loon 8e-aooo|ntment o S|| v||ant Cua| as
v|o|enme L|ecto o t|e Comoany |n
t|e oes|gnanon o Couo v|ce C|a|man
ano leao C|oba| ventues.
31st 2009-10 28t| Seotembe, 2010 1uesoay, 12.00 loon 8ev|s|on, ousuant to Secnon 314 o
t|e Comoan|es Act, 19S6 ano subect
to approval of Central Government, of
salary of Shri Paras Goel, as Assistant
Cenea| Manage - Sa|es 8 Ma|enng.
103
osta| 8a||ot
During the year under report, the Company did not pass
any eso|unon t|oug| oosta| ba||ot.
6) DISCLCSUkLS
i) The required statements/disclosures with respect to
t|e e|ateo oaty tansacnons ae o|aceo beoe t|e
Auo|t Comm|tee as we|| as t|e uoao o L|ectos
on quate|y bas|s |n tems o c|ause 49(lv)(A) o
t|e ||snng ageement ano ot|e aoo||cab|e |aws o
aooova|/|nomanon.
ii) The Company has complied with the requirements
o t|e Stoc| Lxc|anges, SLul ano ot|e statutoy
aut|o|nes on a|| mates e|anng to cao|ta| ma|ets
ou|ng t|e |ast t|ee yeas. lo oena|nes o st|ctues
|ave been |mooseo on t|e Comoany by t|e Stoc|
Lxc|anges, SLul o ot|e statutoy aut|o|nes e|anng
to t|e above.
|||) 1|e Comoany |as aoooteo a v||st|e u|owe lo||cy
o emo|oyees to eoot concens about unet||ca|
be|av|o.
iv) The Company has complied with all the mandatory
equ|ements o Coooate Covenance as oesc|beo
unoe t|e ||snng ageement. 1|e Comoany |as
u|||eo t|e o||ow|ng non-manoatoy equ|ements
as oesc|beo |n C|ause 49 o t|e L|snng Ageement:
kemuneranon Comm|uee
1|e uoao o L|ectos |as consntuteo a lom|nanon ano
8emuneanon Comm|tee. lo oeta||s, o|ease see t|e
secnon on Comm|tees o t|e uoao |n t||s eoot.
Informanon to 8oard Members
1|e uoao o L|ectos |s oov|oeo w|t| t|e necessay
eoots, oocuments ano |ntena| oo||c|es to enab|e
them to familiarise with the Companys procedures and
oacnces. le|oo|c oesentanons ae maoe at t|e uoao
ano Comm|tee Meenngs on bus|ness ano oeomance
uooates o t|e Comoany, g|oba| bus|ness env|onment,
bus|ness stategy ano |s|s |nvo|veo. 1|e L|ectos ae
oov|oeo w|t| e|evant statutoy c|anges |n SLul 1a|eove
8egu|anons ano lns|oe 1ao|ng 8egu|anons etc.
Wh|st|e 8|ower o||cy
1|e Comoany |as |a|o oown a uus|ness Cooe o Conouct
as we|| as v||st|e u|owe lo||cy o a|| |ts emo|oyees. 1|e
Code lays down that the employees shall promptly report
any concen o beac| ano not to |es|tate |n eoonng a
v|o|anon o a|s|ng a oo||cy concen to conceneo suoe|o.
The Policy provides that the Company shall support and
protect the employees for doing so.
Secretar|a| Aud|t
1|e Comoany |as vo|unta||y unoeta|en a seceta|a|
auo|t om an |noeoenoent oacnc|ng comoany secetay,
M/s. v|s|a| Aoa 8 Assoc|ates, Comoany Seceta|es, lew
Le||| o t|e nanc|a| yea enoeo on 31st Mac|, 2013
7) MLANS CI CCMMUNICA1ICN
lnomanon |||e quate|y / |a| yea|y / annua| nanc|a|
esu|ts ano oess e|eases on s|gn|cant oeve|ooments |n
t|e Comoany t|at |ave been maoe ava||ab|e om nme to
nme, to t|e oess ano oesentanons maoe to |nsntunona|
investors or to the analysts are hosted on the Companys
webs|te www.|noa|stee|oowe.com ano |ave a|so been
subm|teo to t|e Stoc| Lxc|anges to enab|e t|em to out
t|em on t|e| webs|tes ano commun|cate to t|e| membes.
1|e quate|y / |a|-yea|y / annua| nanc|a| esu|ts ae
oub||s|eo |n Lng||s| ano l|no| |anguage newsoaoes.
Moreover, a report on Management Discussion and Analysis
|as been g|ven e|sew|ee |n t||s eoot. 1|e Comoany
|s e|ecton|ca||y ||ng a|| eoots / |nomanon |nc|uo|ng
S|ae|o|o|ng laten ano Coooate Covenance 8eoot
etc on t|e uSL webs|te www.||snng.bse|no|a.com ano lSL
webs|te |.e. www.connect2nse.com.
8) GLNLkAL SnAkLnCLDLkS INICkMA1ICN
a) I|nanc|a| Ca|endar 2013-14
First Quarter Results Upto 14th August, 2013
Second Quarter Results uoto 14t| lovembe,
2013
Third Quarter Results uoto 14t| lebuay,
2014
Fourth Quarter Results Upto 15th May, 2014
A|tenanve|y,
Annual Results for the
year ending on
31st March, 2014
On o beoe 30t| May,
2014
b) D|v|dend and |ts ayment
A dividend of ` 1.60 per equity share of ` 1/- each
|as been ecommenoeo by t|e uoao o L|ectos
o t|e Comoany. 1|e amount o o|v|oeno w||| be
oeoos|teo w|t| t|e ban| w|t||n S oays o aooova| by
the shareholders in the forthcoming Annual General
Meenng ano |ts oayment w||| be maoe w|t||n 30 oays
om |ts oec|aanon.
c) L|snng of Shares on Stock Lxchanges and Stock
Code
S|. No. Name of the Stock
Lxchange
Stock Code
1 uSL L|m|teo 532286
2 lanona| Stoc|
Lxc|ange o lno|a
Limited
!llLALS1LL.L
Annua| ||snng ee o t|e yea 2013-14 |as been oa|o
by t|e Comoany to uSL ano lSL.
104
d) L|snng of Debt Instruments on Stock Lxchanges and Codes
1|e o||ow|ng lon- Convenb|e Lebentues |ave been ||steo on t|e uSL L|m|teo:
arncu|ars ISIN Stock Code
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/1S1 946489
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/169 946490
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/1// 946486
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/22/ 946488
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/2S0 946491
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/18S 946506
8.S0 - lCLs o lace va|ue o ` 10 lacs llL/49A0/23S 946613
8.S0 - lCLs o lace va|ue o ` 10 lacs llL/49A0/243 946614
9.80 - lCLs o lace va|ue o ` 10 lacs llL/49A0/2/6 946672
9.63 - lCLs o lace va|ue o ` 10 lacs llL/49A08118 949098
e) Market r|ce Data - 8SL
Month
Sensex ISL Share r|ce
n|gh Low n|gh r|ce Low r|ce Vo|ume
April-12 17,664.10 17,010.16 553.80 472.00 34,40,766
May-12 17,432.33 15,809.71 514.55 438.55 32,70,003
June-12 17,448.48 15,748.98 473.00 410.15 45,17,972
July-12 17,631.19 16,598.48 480.00 390.05 53,26,009
August-12 17,972.54 17,026.97 426.00 343.00 50,74,591
Seotembe-12 18,869.94 17,250.80 453.80 321.10 1,12,97,563
Cctobe-12 19,137.29 18,393.42 440.00 372.15 58,16,338
lovembe-12 19,372.70 18,255.69 405.00 365.05 46,36,650
Lecembe-12 19,612.18 19,149.03 473.90 400.00 49,06,731
January-13 20,203.66 19,508.93 472.60 414.00 31,78,171
lebuay-13 19,966.69 18,793.97 425.95 339.00 29,94,197
March-13 19,754.66 18,568.43 369.95 334.45 38,80,375
1|e Comoany's s|ae |s a oat o uSL Sensex. 1|eeoe, comoa|son |as been maoe w|t| |t.
1000 21000
20000
19000
18000
17000
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JSPLs Share Price (`) uSL Sensex |noex va|ue
12500000
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High Price Low Price Volume
Performance on BSE
Comparison of Monthly High Shate Phare Price
with BSE Sensex Index
105
f) Market r|ce Data - NSL
Month
S& CNx N|hy S0 ISL Share r|ce
n|gh Low n|gh |ow Vo|ume
April-12 5,378.75 5,154.30 554.40 471.05 3,16,81,216
May-12 5,279.60 4,788.95 515.50 437.20 2,92,53,306
June-12 5,286.25 4,770.35 474.50 409.05 4,90,77,052
July-12 5,348.60 5,032.40 480.35 389.20 4,71,02,675
August-12 5,448.60 5,164.65 426.00 342.75 4,56,26,583
Seotembe-12 5,735.15 5,215.70 454.90 320.40 9,56,77,748
Cctobe-12 5,815.35 4,888.20 441.10 333.00 4,31,44,100
lovembe-12 5,885.25 5,548.35 406.20 365.00 3,26,97,590
Lecembe-12 5,965.15 5,823.15 474.90 399.50 5,45,64,519
January-13 6,111.80 5,935.20 475.00 413.50 3,67,65,526
lebuay-13 6,052.95 5,671.90 426.50 338.90 4,32,54,847
March-13 5,971.20 5,604.85 369.95 334.50 4,39,16,621
1|e Comoany's s|ae |s a oat o S8l Clx l|y S0. 1|eeoe, comoa|son |as been maoe w|t| |t.
V
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1000 120000000
100000000
80000000
60000000
40000000
20000000
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800
600
400
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Performance on NSE
1000 6500
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Comparison of Monthly High Shate Phare with
S & P CNX Nify 50
106
g) Share 1ransfer Agent
A|| t|e wo| e|anng to t|e s|ae eg|sty o t|e
shares held in the physical form as well as the shares
|e|o |n t|e e|ecton|c (oemat) om |s be|ng oone at
one s|ng|e oo|nt ano o t||s ouoose SLul eg|steeo
categoy l 8eg|sta ano 1anse Agent |as been
aooo|nteo, w|ose oeta||s ae g|ven be|ow:
A|an||t Ass|gnments L|m|teo
A|an||t louse, 2L/21
!|anoewa|a Lxtens|on,
lew Le|||-1100SS
1e|: 011-42S4 1234
lax: 011-23SS 2001
Lma||: taQa|an||t.com
h) Share 1ransfer System
The Share transfer instruments, received in physical
om, ae oocesseo by ou 8eg|sta ano 1anse
agent, A|an||t Ass|gnments L|m|teo ano t|e s|ae
cencates ae o|soatc|eo w|t||n a oe|oo o 1S oays
om t|e oate o ece|ot t|eeae subect to t|e
oocuments be|ng como|ete ano va||o |n a|| esoects.
1|e Comoany obta|ns a |a|-yea|y cencate om a
Comoany Secetay |n lacnce |n esoect o t|e s|ae
tanses as equ|eo unoe C|ause 4/ (c) o t|e L|snng
Ageement ano |es a cooy o t|e sa|o cencate w|t|
t|e Stoc| Lxc|anges.
|) keconc|||anon of Share Cap|ta| Aud|t
1|e 8econc|||anon o S|ae Cao|ta| Auo|t |s conoucteo
by a Comoany Secetay |n oacnce to econc||e
t|e tota| aom|teo cao|ta| w|t| lanona| Secu|nes
Depository Limited and Central Depository Services
(lno|a) L|m|teo (Leoos|to|es") ano t|e tota| |ssueo
ano ||steo cao|ta|. 1|e auo|t conms t|at t|e tota|
issued/paid-up capital is in agreement with the
aggegate o t|e tota| numbe o s|aes |n o|ys|ca|
om ano t|e tota| numbe o s|aes |n oemate|a||seo
form (held with Depositories) and that the requests
o oemate|a||sanon o s|aes ae oocesseo by t|e
881 agent w|t||n snou|ateo oe|oo o 21 oays ano
uploaded with the concerned depositories.
[) Lqu|ty Shares |n the Suspense Account
The Company has, in accordance with the procedure
|a|o oown |n C|ause SA(ll) o t|e L|snng Ageement,
dematerialised 39,86,015 equity shares into
Comoany's oemate|a||sanon account name|y, '!|noa|
Steel & Power Limited- Unclaimed Suspense Account.
The details of shares transferred to shareholders out
o t||s account |s g|ven be|ow:
arncu|ars Number of Shareho|ders Number of Lqu|ty Shares
Aggegate numbe o s|ae|o|oes ano t|e outstano|ng
shares in the suspense account lying as on April 2012
1,784 39,86,015
lumbe o s|ae|o|oes w|o aoooac|eo t|e Comoany
for transfer of shares from suspense account during
the year
llL llL
lumbe o s|ae|o|oes to w|om s|aes wee tanseeo
from suspense account during the year
llL llL
Aggegate numbe o s|ae|o|oes ano t|e outstano|ng
shares in the suspense account lying as on March 2013
1,784 39,86,015
1|e vonng |g|ts on t|e s|aes outstano|ng |n t|e susoense account as on 31st Mac|, 2013 s|a|| ema|n ozen n|| t|e
|g|uu| owne(s) o suc| s|aes c|a|m t|e s|aes.
k) 1ransfer of Unpa|d]Unc|a|med Amounts to Investor Lducanon and rotecnon Iund
During the year under report, the Company has credited ` 42,16,570 lying in the unpaid/ unclaimed dividend account and
unc|a|meo |nteest on xeo oeoos|ts, to t|e lnvesto Loucanon ano lotecnon luno (lLll) ousuant to Secnon 20SC o
t|e Comoan|es Act, 19S6 eao w|t| t|e lnvesto Loucanon ano lotecnon luno (Awaeness ano lotecnon o lnvestos)
Rules, 2001.
107
|) D|str|bunon of Shareho|d|ng
1|e s|ae|o|o|ng o|st|bunon o equ|ty s|aes as on 31st Mac|, 2013 |s g|ven |eeunoe:
lom|na| va|ue o eac| s|ae ` 1/-
No. of
Shareho|ders
to 1ota| Shareho|d|ng of
Nom|na| Va|ue of `
No. of Shares Amount |n ` to 1ota|
89,141 67.37 Up to 100 29,77,780 29,77,780 0.32
20,034 15.14 101 to 500 48,59,827 48,59,827 0.52
4,827 3.65 501 to 1,000 36,64,138 36,64,138 0.39
14,786 11.17 1,001 to 5,000 3,29,11,780 3,29,11,780 3.52
1,780 1.35 5,001 to 10,000 1,29,35,580 1,29,35,580 1.38
922 0.70 10,001 to 20,000 1,24,75,740 1,24,75,740 1.33
206 0.16 20,001 to 30,000 51,38,019 51,38,019 0.55
99 0.08 30,001 to 40,000 35,12,925 35,12,925 0.38
69 0.05 40,001 to 50,000 30,97,698 30,97,698 0.33
115 0.09 50,001 to 1,00,000 81,33,327 81,33,327 0.87
180 0.14 1,00,001 to 5,00,000 4,26,83,367 4,26,83,367 4.57
162 0.12 S,00,001 ano above 80,24,43,637 80,24,43,637 85.84
1,32,321 100 1ota| 93,48,33,818 93,48,33,818 100
m) Categor|es of Shareho|ders (as on 31st March, 2013)
1he caLegorles of shareholders are shown hereunder:
Category No. of Shares of no|d|ng
Promoters 55,22,48,848 59.07
lls/ uan|s/Ml/u1l/ lnsuance/Centa| Covenment 6,35,65,967 6.80
Coooate uoo|es 3,81,13,629 4.08
l8ls/CCus/lll/ 1ust/ loe|gn lanona| 21,12,84,547 22.60
lub||c 6,96,20,827 7.45
1ota| 93,48,33,818 100.00
No. of Shares
Promoters 59.07
lls/ uan|s/Ml/u1l/ lnsuance/Centa| Covenment 6.80
Coooate uoo|es 4.08
l8ls/CCus/lll/ 1ust/ loe|gn lanona| 22.60
lub||c 7.45
%
108
n) Demater|a||sanon of Shares
As on 31st Mac|, 2013, t|e numbe o equ|ty s|aes
held in dematerialised form was 91,32,02,224 (97.69%)
and in physical form was 2,16,31,594 (2.31%) equity
shares.
The Company does not have any GDRs/ADRs/
vaants o any Convenb|e |nstuments |av|ng any
impact on equity.
o) Comp||ances under L|snng Agreement
Company is regularly complying with the provisions of
t|e L|snng Ageement. lnomanon, cencates ano
etuns as equ|eo unoe L|snng Ageement ae sent
to t|e stoc| exc|anges w|t||n t|e oesc|beo nme.
p) CLC and CIC Cernhcanon
The Managing Director & CEO and the CFO of the
Comoany |ave g|ven t|e cencanon on nanc|a|
eoonng ano |ntena| conto|s to t|e uoao |n tems
of Clause 49 (V). Managing Director & CEO and the
ClC ceneo t|e quate|y nanc|a| esu|ts w|||e
o|ac|ng t|e nanc|a| esu|ts beoe t|e uoao |n tems
o C|ause 41 o t|e L|snng Ageement.
q) Informanon on Dev|anon from Accounnng
Standards, |f any
1|ee |as been no oev|anon om t|e Accounnng
Stanoaos |n oeoaanon o annua| accounts o t|e
r) |ant Locanons
Works Locanon
Raigarh l|as|a 8oao, lost uox lo.16,
8a|ga| - 496 001, C||amsga|
Raipur 13 K M Stone, G E Road, Mandir
lasauo, 8a|ou - 492 001,
C||amsga|
Patratu ua||uoa, latatu, L|st|ct
8amga|, !|a||ano - 829 143
Angul l|ot lo. /S1, lea lanc|ou|||
C||a|a, S|mo||oaoa,
Angu| - /S9 122, Co|s|a.
uab|| l|ot lo. S0//36S, uab||-!ooa
l|g|way, uab|| - /S8 03S, Co|s|a
Punjipatra 201 to 204 lnoust|a| la| SSL,
lun|oata, 8a|ga| - 496001,
C|amsga|
M|nes
i) Iron Ore
Mines
18u lon Ce M|nes, l. C. 1ensa,
L|st. Sunoega| - /00 042, Co|s|a
ii) Coal
Mines
Jindal Open Cast Coal Mine,
l.C. L|oabata, Longama|ua,
8a|ga|, C||amsga| -496 001
s) Investor Correspondence
Company Secretary
28, laaga| 8oao
lew Le|||-11001S, l|: 011-
45021814/15/17/19/20/23/52/53,
lax lo. 011-2S928118
Lma||: |nvestocaeQ|noa|stee|.com
t) Cther Informanon to the Shareho|ders
1|e L|v|oeno oec|aeo by t|e Comoany o t|e Last 10
yeas:-
S. No. I|nanc|a| ear D|v|dend kate
1 2011-12 160%
2 2010-11 150%
3 2009-10 125%
4 2008-09 550%
5 2007-08 Final
Interim
250%
150%
6 2006-07 Final
Interim
240%
120%
7 2005-06 Final
Interim
200%
100%
8 2004-05 Final
Interim
200%
100%
9 2003-04 Final
Interim
125%
75%
10 2002-03 125%
Green In|nanve
M|n|sty o Coooate Aa|s, Covenment o lno|a,
|as |ssueo C|cu|as on 'Ceen ln|nanve' enab||ng
electronic delivery of documents including the Annual
Report, general correspondence etc. to shareholders
at their e-mail address previously registered with the
Leoos|toy lanc|oants (Lls) / Comoany / 8eg|stas
8 S|ae 1anse Agents. As a esoons|b|e coooate
c|nzen, t|e Comoany we|comes ano suooots t|e
Ceen ln|nanve ano |as oec|oeo to seno |ts Annua|
Report to the shareholders who have registered their
email addresses with the Company.
Shareholders who have not registered their e-mail
addresses so far are requested to register their e-mail
addresses. Those holding shares in demat form can
register their e-mail addresses with their concerned
DPs. Shareholders who hold shares in physical form
are requested to register their e-mail addresses with
t|e Comoany, by seno|ng a |ete, ou|y s|gneo by t|e
st/so|e |o|oe quonng oeta||s o lo||o lo.
109
9) CCDL CI CCNDUC1
Code of conduct for the Directors and Senior Management
o t|e Comoany was aoooteo by t|e uoao |n |ts meenng
|e|o on 31st Cctobe, 200S. 1||s Cooe |as been |a|o oown
with a view to promote good Corporate Governance and
exemo|ay oesona| conouct ano |s aoo||cab|e to a|| t|e
Directors and Senior Managerial Personnel of the Company.
1||s Cooe |s a|so ava||ab|e on t|e webs|te o t|e Comoany
www.|noa|stee|oowe.com. Lec|aanon o como||ance o
t|e Cooe o Conouct |n tems o sub-c|ause (||) o c|ause
49(l)(L) o ||snng ageement |s g|ven |eeunoe:
1|e uoao o L|ectos o !|noa| Stee| 8 lowe L|m|teo
|as ousuant to sub c|ause (|) o C|ause 49 (l) L o t|e
||snng ageement |a|o oown Cooe o Conouct o a||
uoao membes ano sen|o manage|a| oesonne| o t|e
Comoany w||c| |as a|so been oosteo on t|e webs|te o
t|e Comoany, v|z. www.|noa|stee|oowe.com. ln tems o
sub-c|ause (||) o t|e sa|o c|ause ano as oe 'ammanon o
como||ance' |etes ece|veo om t|e L|ectos ano t|e
membes o sen|o manage|a| oesonne| o t|e Comoany,
l |eeby oec|ae t|at L|ectos ano t|e membes o sen|o
management of the Company have complied with the Code
o Conouct ou|ng t|e nanc|a| yea 2012-13".
kav| Uppa|
Managing Director & CEO
10) AUDI1Ck'S CLk1IIICA1L CN CCkCkA1L
GOVERNANCE
1|e auo|to's cencate on como||ance o C|ause 49 o
t|e L|snng Ageement e|anng to Coooate Covenance |s
oub||s|eo as an Annexue to t|e L|ectos' 8eoot.
1nL MLM8LkS,
IINDAL S1LLL & CWLk LIMI1LD
ve |ave exam|neo t|e como||ance o cono|nons o Coooate Covenance by !|noa| Stee| 8 lowe L|m|teo (t|e 'Comoany'), o t|e yea
enoeo 31st Mac|, 2013 as snou|ateo |n c|ause 49 o t|e L|snng Ageement o t|e sa|o Comoany w|t| Stoc| Lxc|ange(s).
1|e como||ance o cono|nons o Coooate Covenance |s t|e esoons|b|||ty o t|e Management. Cu exam|nanon was ||m|teo to a
ev|ew o ooceoues ano |mo|ementanon t|eeo, aoooteo by t|e Comoany o ensu|ng t|e como||ance o t|e cono|nons o Coooate
Covenance. lt |s ne|t|e an auo|t no an exoess|on o oo|n|on on t|e nanc|a| statements o t|e Comoany.
ln ou oo|n|on ano to t|e best o ou |nomanon ano accoo|ng to t|e exo|ananons g|ven to us ano t|e eoesentanon maoe by t|e
L|ectos ano Management, we ceny t|at t|e Comoany |as substanna||y como||eo w|t| t|e cono|nons o t|e Coooate Covenance
as snou|ateo |n t|e above mennoneo L|snng Ageement.
ve ut|e state t|at suc| como||ance |s ne|t|e an assuance as to t|e utue v|ab|||ty o t|e Comoany no t|e emc|ency o eecnveness
w|t| w||c| t|e Management |as conoucteo t|e aa|s o t|e Comoany.
Aud|tors' Cernhcate on Corporate Governance
Ior S. S. kothar| Mehta & Co.
Chartered Accountants
l|m 8eg|stanon lo. 000/S6l
k. k. 1u|shan
l|ace : lew Le||| Partner
Lateo: 2St| Ao||, 2013 Membes||o lo. 8S033
110
ECONOMIC REVIEW
G|oba| Lconomy
1|e g|oba| economy a||eo to a|se |ooes o a qu|c| tunaouno |n l? 2012-13. Luooe connnueo to
ee| unoe an esca|anng oebt buoen ano emegency escue eots by t|e Luooean Centa| uan|
|e|oeo avo|o a nanc|a| c|s|s. Cn t|e ot|e s|oe o t|e At|annc, t|e uS economy s|oweo ea|y s|gns
o ecovey, o|ven by |moov|ng manuactu|ng ano |ous|ng sectos, steaoy sca| conso||oanon ano
rising employment. Most of the emerging economies remained resilient to headwinds during the last
ew yeas. loweve, most o t|em exoe|enceo mooeate gowt|. C|oba| CLl exoe|enceo a gowt|
ate o 3.1 |n l? 2012. lt |s |||e|y to touc| 3.1 |n l? 2013 ano |moove to 3.8 |n l? 2014 [Souce:
lntenanona| Monetay luno].
G|oba| GD Snapshot
Countr|es 2012 2013e 2014e
World output 3.1 3.1 3.8
Advanced economies 1.2 1.2 2.1
Lmeg|ng ma|et ano oeve|oo|ng econom|es 4.9 5.0 5.4
(Souce: lntenanona| Monetay luno, Ao|| 2013)
USA
Accoo|ng to t|e lntenanona| Monetay luno (lMl), t|e unoamenta|s o t|e uS economy ae stab|||s|ng,
a|t|oug| at a s|ow oace. 1|ee ae sn|| ooweu| |eaow|nos, w||c| neeo to be aooesseo w|t| geate
sca| ouoence. 1|e exo|anon o t|e oayo|| tax cut ea||e t||s yea ano t|e |moact o govenment
soeno|ng cut |s exoecteo to oamoen gowt| |n 2013. loweve, t|e lMl oeo|cts a s||g|t|y b|g|te
o|ctue ano exoects econom|c acnv|ty to acce|eate to 2./ |n 2014, as t|e sca| oag subs|oes ano
t|e neganve |egac|es o t|e nanc|a| c|s|s wane ut|e. 1|e ate o unemo|oyment |s a|so exoecteo to
decline in 2014.
INDIA'S IISCAL
DEFICIT stood at
4.89 o goss oomesnc
product (GDP), compared
w|t| t|e ev|seo esnmate
of 5.2% of GDP earlier.
1|e evenue oec|t was
also lower in 2012-13 at
3.6% of GDP, compared
w|t| t|e ev|seo esnmate
of 3.9% of GDP in 2011-
12. The government is
|mo|emennng oo-gowt|
policies, including a sharp
cut |n exoeno|tue, to
eouce sca| oec|t ano
drive Indias economic
growth.
Management D|scuss|on
and Ana|ys|s
ANNLxUkL - IV
111
Lurozone
The recent developments in the Euro region
|ave not been vey oom|s|ng. 1|e eg|on |s sn||
o|agueo by nanc|a| vu|neab|||nes, esu|nng |n an
esnmateo contacnon |n gowt| ate |n 2013 as
we||. Lac| o omanon o comoe|ens|ve set o
ban||ng, nanc|a| ano sca| oo||c|es |as aooeo to
t|e ex|snng oob|ems o |s|ng oebt, o|ummenng
growth and social unrest.
Iapan
Ae yeas o ecess|on ano s|ow gowt|, !aoan's
economy is on its way to recovery. It was plagued
w|t| ||g| |eve| o oub||c oebt, |ow |nvesto
conoence ano m|n|ma| manuactu|ng acnv|ty.
loweve, t|e new govenment |s wo||ng on
aggess|ve quanntanve eas|ng, a oos|nve |nfanon
taget, sca| snmu|us ano stuctua| eoms.
Ind|an Lconomy
vea|en|ng g|oba| scena|o, oec||n|ng |nvestments
ano |ncons|stent oomesnc oemano-suoo|y s|tuanon
resulted in a slowdown in Indias growth rates in
2012-13. ues|oes, ng|teneo ||qu|o|ty scena|o
to e|n |n |nfanon oamoeneo t|e |nvestment
sennment. 1|e county oosteo a oecaoe-|ow CLl
growth of 5% in 2012-13. Indias economy, now
esnmateo at $1./8 t||||on (aouno ` 100 trillion), is
exoecteo to move a|eao w|t| a stonge es|||ence.
S||ver ||n|ng
lno|a's sca| oec|t stooo at 4.89 o goss oomesnc
ooouct (CLl), comoaeo w|t| t|e ev|seo esnmate
o S.2 o CLl ea||e. 1|e evenue oec|t was a|so
lower in 2012-13 at 3.6% of GDP, compared with the
ev|seo esnmate o 3.9 o CLl |n 2011-12. 1|e
govenment |s |mo|emennng oo-gowt| oo||c|es,
|nc|uo|ng a s|ao cut |n exoeno|tue, to eouce sca|
oec|t ano o|ve lno|a's econom|c gowt|.
INDUS1k kLVILW AND CU1LCCk
G|oba| Stee| Industry
1|e yea 2012 tuneo out to be a c|a||eng|ng one
o t|e g|oba| stee| |nousty. 1||s was ma|n|y oue to
t|e Luozone c|s|s, w||c| oes|steo t|oug| mao
oat o t|e yea. ues|oes, emeg|ng econom|es
failed to sustain a high steel demand and witnessed
supply growth outpacing demand. Recent data
om t|e vo|o Stee| Assoc|anon s|ows t|at g|oba|
cuoe stee| oooucnon oea|eo at 1,S4/.8 b||||on
tonnes in 2012, up 1.2% over the previous year.
Under un||sanon - an area of concern
unun||seo caoac|ty ema|ns one o t|e gavest
|ssues |n t|e g|oba| stee| secto. v|t| caoac|ty
un||sanon ates ema|n|ng be|ow 80, g|oba| stee|
suoo|y connnues to outoace oemano. Suboueo
demand from China with pressure on prices, will
connnue to |moact t|e g|oba| stee| secto's gowt|
rates in 2013.
Ind|a's Stee| Industry
1|e oomesnc stee| |nousty |as a s|gn|cant o|e
to play in the countrys economic growth. Over
t|e yeas, lno|a |as acqu|eo a oom|nent oos|non
on t|e g|oba| stee| mao. 1||s was o|ven by t|e
gow|ng caoac|nes o lno|a's stee| |nousty. ues|oes,
stateg|c acqu|s|non o g|oba| o|ayes, connnuous
mooen|sanon ano uogaoanon o o|o o|ants,
|moov|ng enegy-emc|ent met|ooo|og|es ano
bac|wao |nteganon |nto aw mate|a| souc|ng
a|so o|ayeo a mao o|e |n en|anc|ng caoac|nes o
the countrys steel industry.
Annc|pated Growth
lno|a |s an|eo out| |agest g|oba||y o |ts cuoe
stee| caoac|ty oooucnon ano |s exoecteo to
become t|e secono |agest by 201S-16. lt |s a|so t|e
worlds largest sponge iron producer with a host of
coa|-baseo un|ts |ocateo |n |ts m|nea|-|c| states.
1|e county's cuoe stee| oooucnon |s esnmateo
to grow at a compound annual growth rate (CAGR)
of around 10% from 2010 to 2013, whereas the
n|s|eo stee| consumonon |s annc|oateo to gow
at a CAGR of around 12% during FY 2012-14. With
an esnmateo uS$1 t||||on |nastuctue |nvestment
plan in pipeline under the 12th Five Year Plan, the
county's oemano o stee| |s exoecteo to esca|ate.
Demand Dr|vers
8eal LsLaLe: v|t| an |nvestment vo|ume o uS$3.4
b||||on, lno|a was an|eo 20t| |n t|e ||st o t|e
wo|o's too ea| estate |nvestment ma|ets |n 2012.
uy 2020, t|e secto |s exoecteo to ean evenues o
uS$180 b||||on. 1|e county's ea| estate |nvestment
ma|et |s |||e|y to gow at a CAC8 o 19 between
2010 ano 2014, w|t| t|e 1|e-l (metooo||tan) c|nes
annc|oateo to w|tness max|mum gowt|.
THE DOMESTIC
S1LLL INDUS1k
|as a s|gn|cant o|e
to play in the countrys
economic growth. Over
the years, India has
acquired a prominent
oos|non on t|e g|oba| stee|
mao. 1||s was o|ven by
t|e gow|ng caoac|nes o
Indias steel industry.
Souce: vo|o Stee| Assoc|anon (un||sanon oata como|ses
170 steel-producing Company)
Management Discussion
and Analysis
Global Steel Capacity Utilisation
95
90
85
80
75
70
65
60
55
50
J
a
n

2
0
0
8
J
a
n

2
0
0
9
J
a
n

2
0
1
0
J
a
n

2
0
1
1
J
a
n

2
0
1
2
A
p
r

2
0
0
8
A
p
r

2
0
0
9
A
p
r

2
0
1
0
A
p
r

2
0
1
1
A
p
r

2
0
1
2
J
U
l

2
0
0
8
J
U
l

2
0
0
9
J
U
l

2
0
1
0
J
U
l

2
0
1
1
J
U
l

2
0
1
2
O
c
t

2
0
0
8
O
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t

2
0
0
9
O
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t

2
0
1
0
O
c
t

2
0
1
1
O
c
t

2
0
1
2
(%)
112
AuLomouve: India is one of the fastest growing passenger
ca ma|ets g|oba||y ano t|e secono |agest two-w|ee|e
manuactue g|oba||y. 1|e lno|an sma|| ano ||g|t ve||c|e
segments ae exoecteo to moe t|an ooub|e by 201S-16 ano
gow at 18.S CAC8 ove t|e next ve yeas.
ConsLrucuon: The sector plays a vital role in Indias economic
gowt|, suoooteo by t|e county's exoano|ng economy, |nceaseo
govenment soeno|ng on oub||c |nastuctue, ||g| uban|sanon
ano a suooonve oe|gn o|ect |nvestment (lLl) system. 1|e
|nastuctue, |noust|a| ano commec|a| constucnon ma|ets
co||ecnve|y cont|buteo /4.2 o t|e tota| lno|an constucnon
|nousty |n 2012. Consequent|y, t|e cont|bunons o t|ese t|ee
ma|ets ae exoecteo to be s|gn|cant |n t|e ovea|| gowt| o
lno|a's constucnon |nousty ove t|e oecast oe|oo.
Ind|a's ower Industry
Power sector is integral to a countrys economic growth and
oosoe|ty. loweve, lno|a's oowe secto gew by on|y S |n
t|e oev|ous sca| - t|e |owest gowt| ate |n t|e |ast 10 yeas.
lno|a's oemano o e|ect|c|ty |s gow|ng s|gn|cant|y, as oeoo|e
ae aso||ng o a bete qua||ty o ||e. lt |s exoecteo to |ncease
further in the coming years. In view of the increasing demand,
lno|a's lowe M|n|sty |as tageteo a caoac|ty aoo|non o 8S,000
Mv |n t|e 1we|| l|ve ?ea l|an (2012-1/).
Ind|a's Meta|s and M|n|ng Industry
1|e lno|an meta|s ano m|n|ng |nousty |as been va|ueo at uS$
141.9 b||||on |n 2011 ano |s exoecteo to gow to uS$ 30S.S b||||on
by 201S. 1|e county accounteo o /.3 o t|e As|a lac|c meta|
ano m|n|ng |nousty |n 2011. lt |s |||e|y to |moot 1.0 m||||on met|c
tonnes o |on oe eac| mont| om t|e cuent sca|, oeso|te |ts
|ong |e|o status as t|e wo|o's t||o |agest exoote. 1|e county
w|tnesseo |ts |owest eve |on oe exoot |n 2012-13, esnmateo
at close to 18 million tonnes (mt), a decline of 69% compared to
t|e oev|ous yea. 1||s |s o|ma||y oue to a oec||ne |n oomesnc
outout on account o a ban on |||ega| m|n|ng ooeanons |n some
m|nea|-|c| states. Leso|te t|e Suoeme Cout |||ng |ts ban on
most m|nes, |t wou|o ta|e some nme o t|em to be ooeanona|
to t|e| u||est extent.
OPERATIONAL AND FINANCIAL PERFORMANCE
ISL - A Snapshot
!|noa| Stee| 8 lowe L|m|teo (!SlL), a uS$3.S b||||on comoany (|n
terms of turnover), is among Indias major steel producers with
s|gn|cant oesence |n sectos |||e m|n|ng, oowe geneanon ano
|nastuctue. 1|e Comoany |s a oat o uS$18 b||||on C.l !|noa|
cong|omeate ano |as mu|no|e bus|nesses acoss t|e g|obe.
1|e Comoany's mu|n-oooucts o|ants ae |ocateo at 8a|ga|,
8a|ou, Angu|, latatu, uab|| ano 1ensa. lt ooeates t|e wo|o's
|agest coa|-baseo soonge |on o|ant w|t| an |nsta||eo caoac|ty o
1./ M1lA at 8a|ga|, C||amsga|. 1|e Comoany's mu|n-|nousty
oouo||o |s o|ven by |ts comm|teo ano monvateo team o 1S,000
employees.
JSPL USPs
Coal: !SlL's obecnve |s to |ave t|e wo|o's |agest stee| o|ant
w|t| a oooucnon caoac|ty o 1S M1lA ano oowe geneanon
caoac|ty o ove 10,000 Mv by 2020.
arenLage: JSPL is a part of the three decades old O.P. Jindal
Couo, a uS$18 b||||on cong|omeate (|n tems o Coss tunove)
w|t| a mu|n-ooouct, tansconnnenta| oesence. 1|e gouo
comprises companies, namely JSW Steel, JSPL, Jindal Saw and
Jindal Stainless, among others.
oruollo: JSPL is present in diverse industry sectors, namely steel,
energy, mining, petroleum and infrastructure.
loneer: !SlL was t|e st to ooouce enegy om t|e waste |eat
ecovey bo||e o soonge |on. lt |as o|oneeeo t|e manuactue
o t|e wo|o's |ongest 121 mete a||s ano |age-s|ze oaa||e|
fange beams. lt |s t|e on|y manuactue |n lno|a manuactu|ng
ve|oeo Mes| o 1M1 ma|et.
8eLall: !SlL |as oayeo |nto t|e eta|| ma|et w|t| 1M1 8ebas
foreseeing huge opportunity in the Indian housing sector. The
Comoany |as 12 o|st|butos ano ove 600 oea|es soeao acoss
the country.
8each: lts ooeanons ae soeao acoss lno|a ano 14 ot|e
countries across Asia, Africa and Australia.
SusLalnable: As a esoons|b|e coooate c|nzen, !SlL goes an
exta m||e to ensue soc|a| ano env|onmenta| susta|nab|||ty. lt
|as ceateo a oos|nve |moact on t|e commun|nes |n t|e v|c|n|ty
o |ts ooeanons, ocus|ng on |nastuctue, eoucanon, |ea|t|,
wate, san|tanon ano env|onment.
1eam: 1|e Comoany |as an exoe|enceo ano ta|enteo ooo| o
over 15,000 devoted employees.
Cperanona| kev|ew
!SlL ooeates w|t| caoac|nes o 3 M1lA o stee|, 1S M1lA o |on
oe ano coa| m|n|ng, 2,4S/ Mv o oowe geneanon, 1.S M1lA
o |ot b|queteo |on ano 4.S M1lA o oe||et. 1|e Comoany |s
among t|e ew |n t|e wo|o ooeanng as a u||y |ntegateo stee|
manuactue w|t| oesence acoss t|e va|ue c|a|n o fats
and longs.
Iron Cre Lxports and roducnon
(In mn tonnes)
12-13
16.34
61.74
11-12
167.28
97.66
10-11
207.15
117.37
09-10
105.56
08-09
lo 10 mont|s between Ao||-!anuay, lA - Ava||ab|e
Souce: leoeanon o lno|an M|nea| lnoust|es
Lxoots looucnon
218.55
212.96
113
2012-13 in Flashback
Despite external macroeconomic challenges and internal
oomesnc bot|enec|s, t|e Comoany eooteo notab|e
ac||evements ano exoanoeo caoac|nes. lew oooucts, g|oba||y
enowneo customes ano en|anceo caoab|||nes stengt|eneo |ts
oesence as a gow|ng cong|omeate.
Raigarh
1|e o|ant |s we|| |nown o be|ng t|e s|ng|e |agest 3 M1lA stee|
ac|||ty (om coa|-baseo |on-oe soonge) w|t| qua||ty stee| ano
custome o|entanon. 1|e Stee| Me|nng S|oo cosseo t|e oooucnon
o 3 m||||on tonnes ou|ng t|e yea unoe ev|ew. 1||s was ab|y
suoooteo w|t| a ecoo s|nte, |ot meta| ano fuxes. lon ano stee|
ma||ng a|so set a new benc|ma| by suoass|ng ac||evements o
t|e oev|ous yea. Lu|ng t|e yea, t|e o|ant w|tnesseo t|e ||g|est
eve o|soatc|, coss|ng 3.0S m||||on tonnes annua||y, w|t| an aveage
oa||y o|soatc| ate o 11,116 tonnes. Cn t|e qua||ty ont, t|e o|ant
s|oweo |moovements |n oooucts w|ee|n b|||ets, ounos ano
stuctues at 8uuM, MLSM ano o|ate m||| - a|| ootayeo eouceo
|mou|nes.
Raipur
1|e o|v|s|on at 8a|ou ta|es cae o |eavy mac||ney equ|oment,
ta||ng cae o t|e Couo's equ|ements o equ|oment ano
soaes o stee|, cement, m|n|ng ano oowe o|ants. ues|oes, t|e
o|v|s|on a|so oe|ves evenues om s|m||a |noust|es |n lno|a
ano aboao. Lu|ng t|e yea, |t en|anceo |ts wo||ng aea by
exoano|ng coveeo s|eo aea by moe t|an 9,000 squae mete.
1|e ||g|||g|t o t|e yea was t|e successu| como|enon ano
oe||vey o 4S0 mt lot Meta| Lao|e Cane, ano 2S0 mt Lao|e
1anse Ca. lt ece|veo aooova|s om lno|an uo||e 8egu|anon
(lu8) o manuactu|ng oessue oats ano va|ves ano aooova|
om leto|eum 8 Lxo|os|ve Saety Cgan|sanon (lLSC) o
manuactu|ng uneo lessue vesse| (lon-Cyogen|c).
Patratu
1|e cut ano beno o|ant was comm|ss|oneo |n Seotembe 2012.
1|e e|ecto we|o mes| o|ant, |nvo|v|ng ` 21-coe |nvestment,
was comm|ss|oneo |n Lecembe 2012. lt eneweo |ts va|ous
cencanons ae t|e suve|||ance auo|t was conoucteo.
Wire Rod Mill: Lu|ng l? 2012-13, t|e Comoany's tota| oooucnon
|nceaseo om 2,S0,S98 tonnes |n 2011-12 to 3,24,940 tonnes
|n 2012-13.
Bar Mill: Lu|ng t|e yea unoe ev|ew, t|e m||| ac||eveo a
tota| oooucnon o 3,22,039 tonnes, aga|nst 9/,14S tonnes |n
2011-12. lt ac||eveo a ecoo oa||y oooucnon o 3,292.341 tonnes
ou|ng t|e same oe|oo. lt |nceaseo |ts y|e|o as we|| to 9/.31 |n
l? 2012-13.
Angul
1|e Comoany |s semng uo a 6.0 M1lA |ntegateo stee| o|ant
(w|t| a 1.S M1lA o|ate m||| a|eaoy ooeanona|), a|ong w|t| an
810 (6x13S) Mv caonve oowe o|ant. 1|e ooect w||| use t|e
synt|es|s gas-baseo o|ect eouceo |on (L8l) tec|no|ogy o t|e
st nme g|oba||y.
Barbil
1|e Comoany's oe||et manuactu|ng o|ant (4.S M1lA caoac|ty)
ma|es o|eent ||nos o oe||ets. ln aoo|non to a 4.S M1lA |on
oe oe||ensanon o|ant, t|e Comoany |s a|so com|ng uo w|t|
en|anceo oocesses to ooouce a suoe|o qua||ty ooouct. 1|e
o|v|s|on ecooeo oooucnon o 4.02 M1lA w|t| a tota| o 8,142
ooeanng |ous. Lu|ng t|e yea, t|e Comoany successu||y
|mo|ementeo lMS ano ece|veo lSC cencanon o t|e o|ant. lt
a|so ac||eveo a qua||ty oecentage o 94 |n 1.l ano 2S3 o CCS
(|g/oe||et).
Tensa
1|e Comoany's |on oe m|ne at 1ensa suoo||es |on oe o
ooouc|ng soonge |on. As a oat o !SlL's bac|wao |nteganon
o|ans to ma|e t|e Comoany se|-e||ant, |on oe om 1ensa
m|nes ensues cons|stency |n aw mate|a| qua||ty. lt |as oeo|oyeo
|ts own feet o lLMM equ|oment to ensue bete conto| on
ooeanons. 1||s |as a|so a||oweo |t to ensue susta|nab|e m|n|ng,
w|t| ava||ab|||ty o ||g|-gaoe |on oe ano nes o s|nte o|ant
at 8a|ga|, C||amsga|.
Financial Performance
JSPL Consolidated
1|e Comoany's oot ae tax stooo at ` 2,911.62 coe ou|ng
l? 2012-13 v|s-a-v|s ` 4,002.26 coe ou|ng t|e oev|ous yea.
L||uteo ean|ngs ano bas|c ean|ngs oe s|ae was ` 31.13 o t|e
nanc|a| yea 2012-13 (2011-12: ` 42.42).
Management L|scuss|on
ano Ana|ys|s
114
neL Sales and CLher Cperaung lncome (` in Crore)
2012-13 2011-12 Change %
let sa|es ano ot|e
ooeanng |ncome
19,943.20 18,350.54 8.68
8aw MaLerlals (` in Crore)
2012-13 2011-12 Change %
Raw materials
consumed
6306.89 5460.38 15.50
Lue to en|anceo oooucnon ano |se |n costs o |ey aw mate|a|s,
there was an increase in the cost of raw material consumed.
Lmployee 8eneL Lxpense (` in Crore)
2012-13 2011-12 Change
Lmo|oyee benet
exoense
641.49 591.29 8.49
1|e oayments to emo|oyees wee ||g|e by 8.49 ove t|e
previous year, primarily on account of project commissioning.
llnance CosLs (` in Crore)
2012-13 2011-12 Change
Finance cost 758.16 360.04 110.58
1|e |se |n nance cost was on account o an |ncease |n |nteest
ates ano aoo|nona| wo||ng cao|ta| ano ooect comm|ss|on|ng.
llxed AsseLs (` in Crore)
2012-13 2011-12 Change
Coss u|oc| 26,703.19 22,330.05 19.58%
Leoec|anon 7,428.54 5,836.03 27.29%
let u|oc| 19,274.65 16,494.02 16.86%
CWIP 18,082.84 13,472.05 34.22%
1|e |ncease |n xeo assets o|ma||y eoesents a |se |n
caoac|nes ano mooen|sanon o ex|snng o|ant ano mac||ney.
lnoust|a| e|anons ano |uman esouce management.
!SlL's bus|ness ooeanons ae soeao acoss mu|no|e segments
spanning diverse geographies. The Company possesses a
oynam|c ove 1S,000-membe stong team w|t| a uo|c|ous m|x
o yout| ano exoe|ence. !SlL |s stengt|en|ng |ts |uman assets
to accelerate its pace towards Vision 2020. In line with its targets
o v|s|on 2020, t|e Comoany |as set uo a stateg|c b|ueo|nt to
stengt|en |ts oeoo|e base. lt |as out a stong ocus on 'leoo|e
lesoecnve' to ensue t|at o|ans |ave been out |n o|ace to
aooess |ssues egao|ng caoab|||nes, cu|tue ano emc|ency o |ts
people.
1|e |aunc| o LLAL (Leaoes||o Lxo|oanon Ano Leve|ooment)
programme in partnership with McKinsey was a unique
oogamme to en|ance ogan|sanona| oooucnv|ty ano
emc|ency. 1|e Comoany a|so |aunc|eo a ewao ano ecogn|non
oogamme to monvate t|e emo|oyees ano stengt|en a sense
of ownership among them.
unoestano|ng t|e |mootance o ogan|sanona| va|ues, t|e
Comoany |mo|ementeo Lage Sca|e lnteacnve logam (LSll)
acoss |ts emo|oyee base to commun|cate |ts va|ues c|ea|y. 1|e
Comoany executeo a obust ewao ano ecogn|non oogamme
to e|noce t|ese va|ues on a susta|nab|e bas|s.
The Company also launched a unique programme to manage
aou|t ego ca||eo t|e 'coooate t|eate'. 1|e oogamme
||g|||g|ts evey |no|v|oua|'s s|gn|cance ano cont|bunon to t|e
ogan|sanon, |esoecnve o t|e| oes|gnanon o ||eac|y. lt
enab|es oeoo|e to uncnon as |no|v|oua|s ano as teams.
CCkCkA1L SCCIAL kLSCNSI8ILI1
At !SlL, t|e Coooate Soc|a| 8esoons|b|||ty (CS8) aoooac| |s
stateg|c |n natue ano |s embeooeo |n |ts bus|ness oocesses
acoss t|e Comoany's enne va|ue c|a|n. lts obecnve |s to |moove
t|e 'ua||ty o L|e' o t|e commun|ty on a susta|nab|e bas|s
following a pro-development and inclusive paradigm of growth.
lo assess|ng t|e commun|ty's neeo o a ea||snc ano susta|nab|e
oeve|ooment, a soc|o-econom|c suvey was conoucteo. uaseo on
the result, the Company adopted CSR policies and partnered with
govenment agenc|es, CuCs ano t|e |oca| commun|ty to b|ng
about a oos|nve c|ange to t|e ||ves o t|e oeoo|e. Susta|nab|||ty
o t|e |ntevennon ano |ts |moact ae be|ng measueo t|oug|
regular third-party audits. The Company ensures community
ownes||o |n a|| |n|nanves ano |e|os to manage t|em t|oug|
se|-suooonve commun|ty-baseo |nsntunons.
CSk M|ss|on
To improve the quality of life of the community, especially those
||v|ng |n t|e oe|o|ey o bus|ness ooeanon on a susta|nab|e
bas|s w|t| t|e obecnve o ac||ev|ng |nc|us|ve gowt|.
Approach
!SlL's aoooac| |s to bu||o soc|a| cao|ta| |n t|e commun|ty
by ac|||tanng |nvestments |n a oatnes||o ano commun|ty
ownership mode in areas of health, infrastructure development,
||vestoc|, eoucanon, ||ve|||ooo, soots, yout| ano cu|tue, ano
policy.
nea|th
1|e Comoany |as unoeta|en va|ous |n|nanves to a|se t|e
overall health standards of the people living around its plants.
Soc|o-econom|c o|saovantages |||e oovety, ||||teacy ano
tao|nona| be||e aooaent|y ma|e mooen meo|ca| ac|||nes
|naccess|b|e to most v|||ages. !SlL's obecnves |nc|uoe |moov|ng
t|e access to qua||ty |ea|t| ano |mmun|sanon ac|||nes o t|e
oeoo|e o t|e commun|nes |t seves. lt a|so a|ms to ensue
t|e access o t|e v|||ages to sae ano ootab|e o|n||ng wate.
ues|oes, t|e Comoany wo|s towaos ooou|anon stab|||sanon,
llv/AlLS oevennon ano manag|ng t|e |nteests o o|eent|y
ab|eo oeoo|e.
1|e Comoany |s oov|o|ng wo|o-c|ass |ea|t| ac|||nes to t|e
oeoo|e o 8a|ga| at t|e 100-beo mu|n-soec|a|ty C. l. !|noa|
loso|ta| 8 8eseac| Cente. 1|e ac|||nes |nc|uoe meo|c|ne,
surgery, gynaecology, orthopaedics and paediatrics. The hospital
115
|as ou we||-equ|ooeo ooeanon t|eates, a cao|ac lCu, a bun
lCu ano a neo-nata| lCu. Mob||e meo|ca| un|ts w|t| qua||eo
medical professionals regularly visit the villages around the
acto|es ano m|nes to oov|oe essenna| |ea|t| cae sev|ces, on-
t|e-soot o|agnosnc, cuanve c||n|ca| ac|||nes ano ee meo|c|nes.
key Acnv|nes |n 2012-13
ASlA, 1|e looe (o o|eent|y ab|eo ano aunsnc c|||oen)
w|tnesseo 28,224 ClL atenoance ano 31/ eea| meo|ca|
services. It organised 70 parents counselling sessions and
1S0 commun|ty-baseo e|ab|||tanon oogammes.
1|ee |ave been a numbe o benec|a|es unoe va|ous
sev|ces/acnv|nes. 1|ese |nc|uoe t|e o||ow|ng:
l|ys|ot|eaoy ano occuoanona| t|eaoy - 8,633
Soec|a| eoucanon o t|e |ea|ng |moa|eo- 3,3S0
Soec|a| eoucanon o t|e menta||y etaoeo- /,096
Soec|a| eoucanon o t|e v|sua||y |moa|eo- 1,261
vocanona| ta|n|ng- 1,412
Music/Dance/Yoga- 5,885
Cuteac| Cu8 oogamme - 1S0
Referral medical services at FOPJHRC- 379
L|st|bunon o ass|snve ano aoaonve oev|ces- 99
L|st|bunon o o|sab|||ty cencates by t|e Meo|ca|
uoao - 21
Lu|ng t|e oast yea, 118 c|nca| cases wee teateo
emc|ent|y at lons. 1|ese |nc|uoeo teatment o buns,
acc|oenta| cases, Ll1 cases, ClL, w||c| unoetoo| o|a|ys|s
o 16/ oanents. ues|oes, one ooen |eat sugey ano one
|nee eo|acement wee a|so oeomeo.
Major health camps were organised to address health
issues of the people of the community.
1|e Comoany a|so conoucteo |ea|t| c|ec|-uos, w||c|
|nc|uoeo eye c|ec|-uo (44S benec|a|es) b|ooo oonanon
camo (4/0 un|ts o b|ooo co||ecteo) Anaem|a Camos (180
g||s exam|neo), a L11/lSv1 camo, oenta| c|ec|-uo, ma|a|a
awaeness ano oevennon camo ano so on. ues|oes,
programmes were also organised to drive awareness
about ma|nut|non, oe counse|||ng o llv/AlLS (21,602
people covered) and provide advices on family planning.
1|e Comoany a|so oonateo 12 ambu|ances to t|e o|st|ct
aom|n|stanon o aooess|ng meo|ca| emegenc|es/meo|ca|
neeos o t|e |oca| ooou|anon. Mega Soec|a||st lea|t| Camos
wee ogan|seo |n co||aboanon w|t| occuoanona| |ea|t|
cente (ClC) ano Aoo||o u|ubanes|wa. 1|e ambu|ances
oonateo by t|e Comoany a|so oeeo Mob||e L|soensa|es
ano Mob|||ty Suooot o oegnant women ano ot|e
oanents. As many as 1.S |ac oeoo|e wee beneteo om
t|ese |n|nanves.
Aanc|a|/vatsa|ya logamme - a oogamme oeo|cateo to
mother and child care for reducing the Infant Mortality Rate
8 Matena| Mota||ty 8ate - beneteo 40,000 women.
unoe vatsa|ya, sens|nsanon o 9,3S0 women on o|eent
|ea|t| |ssues ano 3S0 eoooucnve tact |necnons/sexua|
tact |necnon cases wee |oenneo ano eeeo o
ut|e teatment. As many as 401 meenngs wee |e|o w|t|
adolescent girls, which inspired 15 drop-out girls to restart
t|e| eoucanon.
1|e v|||age |ea|t| vo|untees (vlvs) atenoeo 208 oanc|ayat
meenngs |n 2011-12. As a esu|t o t||s, 2S ulL caos, 12
o|n||ng wate e|ateo oob|ems, 10 w|oow oens|ons ano
s|x |na oeve|ooment e|ateo wo|s wee |n|nateo by t|e
village panchayat.
1|e Comoany ogan|seo 3SS vacc|nanon camos w|ee
2,162 children were vaccinated.
1|e Comoany acnve|y suoooteo t|e Covenment's
ou|se oo||o eao|canon oogamme ano ma|nut|non
management camoa|gn. lt oanc|oateo |n t|e oogamme
acnve|y, |e|oeo to |oenny taget benec|a|es ano ass|steo
t|em to eac| t|e boot|.
Infrastructure Deve|opment
1|e Comoany a|ms to o|ay a s|gn|cant o|e |n |e|o|ng eouce
lno|a's ua|-uban o|v|oe by en|anc|ng access o oeoo|e to
mooen amen|nes ano |moov|ng suouno|ngs. 1|e obecnve |s
to a|se t|e ovea|| qua||ty o ||e. Lasy access to mooen amen|nes
and improved surroundings will help to reduce this divide. The
Comoany |s unoeta||ng eots to ceate stong |nastuctue
t|at w||| meet t|e equ|ements o ua| commun|nes aouno
wo|s, ooects ano m|nes, w||c| w||| enab|e t|em to ||ve |n c|ean
ano |mooveo suouno|ngs como|ete w|t| t|e bas|c amen|nes.
Some o t|e |ey acnv|nes o t|e Comoany ou|ng 2012-13 |ave
been o|scusseo be|ow.
lnsta||eo/8eoa|eo 1,S00 boe-we||s/ submes|b|e oumos
|nc|uo|ng lvC o|oes to oov|oe c|ean o|n||ng wate, t|eeby
benenng aouno 2S,000 oeoo|e
lov|oeo e|ect|canon ano tansomes to 10 v|||ages
Constucteo 60 |m o oaos as we|| as sc|oo| bounoay
walls
Lug ano c|eaneo oonos ano |nsta||eo babeo w|e enc|ng
aouno t|em, a|so constucteo oa|ns
Constucteo as many as 1S0 vocanona| ta|n|ng centes,
commun|ty |a||s, bus stoos, o|aces o wos||o, cu|tua|
stages, box cu|vets, gym |a||s, vete|nay |oso|ta| bu||o|ngs
and so on
Landscaped and managed natural environment and
uogaoeo c|v|c amen|nes by b|og|ng t|e gaos between
c|nca| |nastuctues
L|st|buteo 61.2 tonnes o scao wooo among anganwao|s,
sc|oo|s ano v|||ages o coo||ng m|o-oay mea|, t|us
|nceas|ng stuoents' atenoance by aouno 40
lunoeo t|e constucnon o 300 |no|v|oua| to||ets
and Analysis
116
L|vestock
Mao|ty o lno|a's ooou|anon ||ves |n t|e v|||ages. L|vestoc|
o|ays a s|gn|cant o|e |n ua| oeve|ooment ano oov|oes t|e
farmers an alternate source of income apart from the food
ga|ns. Sevea| ames o t|e county manage ||vestoc| ano
are heavily dependent on it. During the year under review, the
Comoany oomoteo t|e oeve|ooment o ||vestoc| |n |ts ooeanng
aeas. Some o t|e |n|nanves unoeta|en to oomote ||vestoc|
oeve|ooment |ave been o|scusseo be|ow.
Cgan|seo 13 vete|nay |ea|t| camos o ||vestoc| |n t|e
ooeanng aeas, ensueo egu|a v|s|ts o t|e ooctos to
oov|oe ee |ea|t| c|ec|-uo ano teatment to an|ma|s.
Free medicines were also provided in the camp
le|o vacc|nanon o|ves to oevent 8an|||et o|sease ano
ot|e a||ments om aecnng oou|ty b|os
lnsta||eo 2S 1av|s |n 2S v|||ages to |n|nate anc|a|
|nsem|nanon
Lstab||s|eo oa|y ams at va|ous |ocanons w|ee 1,3S0
cows |ao been ab|e to ooouce aouno 4,300 ||tes o m|||
oe oay. 1|e same |s be|ng exoanoeo ano m||| co||ecnon
centes/oage o|st|bunon centes/vete|nay centes ae
|n t|e oocess o be|ng estab||s|eo |n va|ous v|||ages to
|ncease oooucnon/co||ecnon
Propagated poultry/goat and sheep rearing through farms,
which have around 4,500 poultry, 1,500 goats, 430 sheep
ano 120 ot|e ||vestoc|
Lducanon
lmoanng eoucanon to c|||oen ano aou|ts om t|e |oca|
commun|nes oms a mao oat o !SlL's CS8 acnv|nes. 1|e
Comoany be||eves t|at ||g| qua||ty eoucanon |s o|vota| to a||-
ouno oeve|ooment ano, |n tun, o|ays a s|gn|cant o|e |n nanon
bu||o|ng. 1o soeao eoucanon ano |e|o tansom ||ves, t|e
Comoany estab||s|eo vocanona| ta|n|ng |nsntunons unoe t|e
banne o C.l. !|noa| Commun|ty Co||eges (Cl!CC) at Angu| ano
uab|| (Co|s|a), Coooa ano latatu (!|a||ano), ano lun|oat|a
(C||amsga|). 1|e |nsntunon |moats ta|n|ng on va|ous
vocanons, |nc|uo|ng o|umb|ng, we|o|ng, masony, a| cono|non|ng
ano e|geanon, e|ecton|cs, e|ect|ca| w||ng (|noust|a|
ano |ome), ano manuactu|ng ano meta||ugy. lus|ng ano
oaameo|ca| oogammes as we|| as |oso|ta||ty |ave been aooeo
as new courses. OPJCC also operates four Industrial Training
lnsntutes (l1ls) t|at |ave been aoooteo unoe t|e Covenment
o lno|a's lub||c l|vate latnes||o (lll) Sc|eme. Aooox|mate|y
8,000 students completed training during the last year and 70%
were given placements
1|e C.l. !|noa| lnsntute o 1ec|no|ogy (Cl!l1) at 8a|ga|
oes ou-yea unoegaouate eng|nee|ng oogammes |n
mechanical, electrical, electronics, civil and metallurgy courses.
During the previous year, 88% of the 204 students were recruited
by o|eent comoan|es
1|e Comoany a|so uns t|e !|noa| lnsntute o lowe 1ec|no|ogy
(!ll1) at 1amna, w||c| ta|ns stuoents to unoeta|e ooeanon o
ma|ntenance o a oowe o|ant o 100 Mv ano above caoac|ty. C
the 132 students last year, 76% were given placement.
1|e Comoany |s ooeanng C. l. !|noa| Sc|oo|s, w||c| |ave
ceateo a comoennve |ean|ng atmoso|ee. 1|ese |e|oeo to
oeve|oo a |een |nteest o ||g|e eoucanon among t|e stuoents.
At present, 8,765 students are enrolled in these schools.
During the year under review, the Company provided rewards
ano ecogn|non as we|| as sc|o|as||os o ` 70 lacs to 475
meritorious students. It also provided an access to technology
t|oug| constucnon o comoute |abs (2,000 stuoents
beneteo). ues|oes, t|e Comoany ooeneo seven centes to teac|
commun|canve Lng||s| (300 stuoents beneteo). lt aooo|nteo
around 300 community teachers, provided grants for school
oeve|ooment ano conoucteo eoucanon oogammes o e|oe|y
women.
L|ve||hood
ln t|e e|o o ||vestoc| ma|ntenance, t|e Comoany ocuseo on
|nsntunon bu||o|ng at t|e gassoots to oomote enteoeneu|a|
caoac|nes. lt |e|oeo |n t|e omanon o Se| le|o Couos (SlCs)
|n t|e commun|nes ano ta|neo t|em on t|e bas|cs o m|co-
enteo|se. 1|e ot|e oat e|ates to |moanng a mu|ntuoe o
vocanona| s||||s o bete emo|oyab|||ty at |no|v|oua| |eve|s.
Lu|ng t|e yea unoe ev|ew, t|e Comoany ogan|seo s||||
uogaoanon o yout| ano women. lt a|so oomoteo |ncome
geneanon acnv|nes by |moanng ta|n|ng on aooae| ma||ng
ano oes|gn|ng, mus|oom cu|nvanon, m|xtue ma||ng, ootato
c||os/oaoao ma||ng, mob||e o|ones/e|geato/a|-cono|non
117
eoa||ng. ues|oes, t|e Comoany a|so suoooteo t|e |no|v|oua|s
nanc|a||y to |e|o t|em un t|ese bus|ness acnv|nes.
Helped form 283 SHGs involving around 3,500 women
geneate an |ncome o about 1.3-1.S coe by engag|ng t|em
|n |ncome geneanon acnv|nes |||e ogan|c |eba| booy cae
oooucts manuactu|ng, ute ooouct ma||ng, vegetab|e
cu|nvanon, ooo oocess|ng, mus|oom cu|nvanon, oou|ty
and dairy farm, Jooo pouo| ma||ng, agabam ma||ng un|t,
snac|s ma||ng, nut|nve ooo manuactu|ng ano so on
Assisted women graduate into Self-help Entrepreneurs
t|oug| bac|wao ano owao ||n|ages: 2S/ women w|o
wee ta|neo emegeo as enteoeneus |n sntc||ng ano
ta||o|ng at v|||age |eve|, geneanng an |ncome o aouno
` 5.14 lac
Helped more than 80 women earn 4.6 lac as wages during
t|e yea unoe ev|ew by suoo|y|ng ansan oooucts to
!|aca
1|mn Sev|ce logamme - !o|nt L|ab|||ty Couo o ve
membes om v|||age u|agwanou
8ev|veo 11 tao|nona| ansan am|||es w|t| t|e |e|o o t|e
Dhokra looucnon un|t
Suoooteo women om 1S econom|ca||y bac|wao am|||es
to stat new ventues at v|||age uc|c|ab||m
Engaged 85 farmers in integrated pisciculture and
freshwater prawn culture across seven villages
L|st|buteo 3 |acs nge||ngs to S0 ames, |e|o|ng t|em
earn ` 12 lac
le|oeo ames |ncease |ce oooucnon by aouno 3S by
using SRI method
Helped 23 farmers in 13 acres across two villages (Mahitala
ano !aaoa) |ncease tota| oooucnon o |yb|o ma|ze ano
sweet con by 40
'Ssooas||' - |ow-cost san|tay nao||n manuactu|ng un|t,
w||c| cates to emo|oyment geneanon o SlCs |n t|e
neaby v|||ages.
Directly impacted womens health, safety and personal
|yg|ene by oomonng t|e use o san|tay nao||ns
St|veo to emoowe women by |ntoouc|ng t|e |ncense
snc| manuactu|ng un|t - a o|nt |n|nanve by L8LA, !SlL
and ITC Ltd under PPP mode
Sports, Art and Cu|ture
1|e young geneanon oms a s|gn|cant oat o lno|a's
ooou|anon. ue|ng a esoons|b|e coooate c|nzen, !SlL |s
channelising its energy towards developing young people of the
county. 1|e Comoany co||aboateo w|t| va|ous v|||age yout|
c|ubs to ogan|se o|eent soots ano cu|tua| events t|oug|out
t|e yea to |oenny ano nutue exceonona| ta|ent ano oste
stonge commun|ty bono|ng. Lu|ng t|e yea unoe ev|ew,
c|c|et, |abaoo| ano vo||eyba|| tounaments wee ogan|seo. 1|e
Comoany a|so oov|oeo soots accesso|es |||e soots ||ts ano
un|oms to t|e o|ayes o neaby aeas. ues|oes, |t a|so gu|oeo
the local players with diet support, organised summer camps for
||os, constucteo mu|n-gymnas|um ano oonateo new equ|oment.
1|e Comoany a|so oov|oeo coac||ng ac|||nes o nutu|ng
young ta|ent ano ass|steo |n t|e omanon o yout| soots/
cu|tua| c|ubs. !SlL a|so oov|oeo nanc|a| ass|stance to ogan|se
state-|eve| soots comoennons ano cu|tua| oogammes. lt
|e|oeo to |ncease oanc|oanon |n |a|asangam, an enoeavou to
oomote tao|nona| at ano cu|tue. ues|oes, t|e Comoany a|so
suoooteo |ama (o|| oance - cu|tua|) gouo by oov|o|ng t|em
with musical instruments. Moreover, it organised street plays to
o|ve awaeness about AlLS, |yg|ene ano san|tanon.
Provided opportunity to showcase talent, support / assist
to oanc|oate ano exce| |n oesevanon ano oomonon o
tao|nona| oacnces
Lstab||s|eo yout| c|ubs ano oatneeo t|em |n |oca|
esnva|s to oomote cu|tua| bono|ng
Suoooteo yout| c|ubs acoss 20 v|||ages by oov|o|ng t|em
soots mate|a|s, |n tun benenng 300 o|ayes
uu||t ua| gymnas|ums, unoeo o ouc|as|ng soots
equ|oment ano ogan|seo coac||ng ac|||nes to nutue
young talent
lomoteo ua| soots by ogan|s|ng tounaments at va|ous
levels and patronising successful sportspersons
Arranged coaching support for kabaddi, vo||eyba||, ootba||
ano c|c|et, ano a|so ogan|seo |nte-v|||age matc|es
Promoted young entrepreneurs to manage Community
Assets
Suoooteo 1,6S0 young oeoo|e acoss 33 v|||ages |n c|c|et
ano ootba||
Lstab||s|eo a ua| soot acaoemy o ta|ent |unt |n va|ous
soots |||e sw|mm|ng, benenng young oeoo|e acoss 42
v|||ages ano 200 oanc|oants
lomeo ac|ey acaoem|es |n t|ee v|||ages benenng 100
oanc|oants
lov|oeo mus|ca| |nstuments to 120 tao|nona| ansans
acoss s|x v|||ages
Internanona| Soc|a| Comm|tments
A consc|ence-o|ven aoooac| towaos ma||ng a oos|nve
cont|bunon to t|e soc|ety ano commun|ty oms an |ntega|
oat o !SlL's bus|ness mooe|. Lxoano|ng |ts bus|ness ooeanons
acoss mu|no|e count|es, t|e Comoany |as oatneeo
ooacnve|y |n betement o soc|ety as a w|o|e. lt |as embaceo
t|e esoons|b|||ty o ma||ng a oos|nve |moact on env|onment,
consumes, emo|oyees, commun|nes ano sta|e|o|oes t|oug|
|ts va|ous acnv|nes. 1|ese oacnces ae e||g|ous|y |mo|ementeo
|n eg|ons |||e A|ca, Cman, Austa||a ano lnoones|a w|ee t|e
Company has its presence.
and Analysis
118
ln Cman, t|e Comoany ogan|ses |ea|t| benet camos,
cont|butes towaos soc|a| |nastuctue ano conoucts sevea|
gestues o t|e benet o oeoo|e at |age. ln A|ca as we||, |t
conoucts sevea| enteo|se oeve|ooment |n|nanves, ogan|ses
health camps, partners in infrastructure growth and enhances
t|e eoucanon |eve|s o t|e oeoo|e.
ENVIRONMENTAL PROTECTION
1|e Comoany atemots to st||e t|e |g|t ba|ance between
environment and growth. The manufacturing units are operated
|n accooance w|t| souno env|onment management oacnces
ano utmost cae |s ta|en |n env|onment ootecnon. 1|e
Comoany's M|ss|on ano v|s|on statement amo|y exoesses |ts
aoooac| to env|onment susta|nab|||ty.
1|e gu|o|ng o|nc|o|es oesc|be t|at a|| bus|ness oec|s|ons
s|ou|o be gu|oeo by sens|nv|ty towaos env|onment, neeo o
susta|nab|e oeve|ooment ano |mootance o env|onmenta|
|moact ano soc|a| we|ae. 1|ey s|ou|o a|so a|m to max|m|se
oanc|oanon o emo|oyees, contactos, customes, commun|nes
ano, o t|at mate, a|| sta|e|o|oes. 1||s |s essenna| to
oeseve t|e eco|og|ca| ba|ance, oonm|se t|e use o natua|
esouces ano to st|ve o connnuous |moovement t|oug|
mon|to|ng, egu|a ev|ew ano aooonon o |atest tec|no|og|es.
The environmental impact studies are conducted, necessary
env|onmenta| c|eaances ae obta|neo ano acnon o|ans ae out
|n o|ace o eecnve como||ance o a|| oesc|beo snou|anons.
1|ese stuo|es |oenny, assess ano manage env|onmenta| |moact,
|ntegate gooo env|onment management oacnces ano aooot
enegy-emc|ent ano env|onment-|eno|y tec|no|og|es. 1|ey
a|so oomote emc|ent use o enegy ano natua| esouces ano
ensure safe and proper storage, use and disposal of materials. This
|e|os to en|ance s|||| ano awaeness o emo|oyees, contactos,
suoo||es ano sev|ce oov|oes o env|onment ootecnon. 1|e
Company aims to increase the greenery in and around plant and
coa| m|nes, ma||ng ooect/ bus|ness un|t |eaos esoons|b|e o
t|e |mo|ementanon o env|onmenta| |aws ano egu|anons. 1|e
|eao o t|e coooate env|onment oeoatment |s a|so bestoweo
w|t| t|e esoons|b|||ty o cooo|nanon w|t| a|| ooect/ un|t |eaos
to ensure environmental compliance. The Company is complying
w|t| a|| statutoy equ|ements, env|onmenta| egu|anons ano
|s ooeanng |n accooance w|t| t|e gu|oe||nes oub||s|eo by t|e
M|n|sty o Lnv|onment ano loest om nme to nme.
1|e Comoany aooots t|e best oacnces on env|onment,
occuoanona| |ea|t| ano saety aeas. 1|e ogan|sanon ousues
the Environmental Management System (EMS) ISO 14001 and
t|e Cccuoanona| lea|t| ano Saety Assessment System ClSAS
18001 at its units. This helps it improve waste management,
wate ano enegy consevanon, no|se eoucnon, conto| o
stac| ano ug|nve em|ss|ons. 1||s |s ac||eveo t|oug| |mooveo
|ouse|eeo|ng. ues|oes, t|e Comoany's en|anceo wo| zone
env|onment |as been ceneo o lSC 14001 8 ClSAS 18001 by
eouteo nanona| ano |ntenanona| ceny|ng agenc|es.
At a|| ooects, aoooo|ate a| oo||unon conto| oev|ces |||e
l|g| emc|ency lu|se-et bag |tes, L|ecto Stanc lec|o|tatos,
119
scubbes ano oust extacnon, ano suooess|on systems ae
|nsta||eo to conto| a| oo||unon. Lm|ss|ons ae mon|toeo o
t|e| ao|eence to t|e e|evant u|es. Amb|ent a| qua||ty |s
mon|toeo by |nsta|||ng on||ne amb|ent a| qua||ty mon|to|ng
stanons. 1|e ea|-nme a| qua||ty oata ae be|ng s|aeo w|t| State
lo||unon Conto| uoao t|oug| Cl8S netwo| ano |s o|so|ayeo
at oom|nent o|aces. vate consumonon at va|ous un|ts |s
mon|toeo ano ooeanon oacnces ae connnuous|y |mooveo
o m|n|ma| un||sanon. Consumonon |s oonm|seo t|oug|
recycling and reuse. A close circuit arrangement is adopted to
ma|nta|n zeo o|sc|age. 1|e sewage om towns||o ano omce
areas is completely treated and the resultant sewage water is
u||y un||seo o gaoen|ng ano |oncu|tue acnv|nes. Lecnve
a|nwate |avesnng oacnces ae aoooteo t|oug| |necnon
wells to recharge the ground water and water reservoirs. Solid
waste geneateo |s un||seo to t|e max|mum extent. At stee|
o|ants, b|ast unace s|ag |s 100 euseo |n cement manuactu|ng
ano b|c| ma||ng. S|nte o|ant |s oes|gneo to un||se m||| sca|e ano
fue oust geneateo |n b|ast unace. SMS s|ag |s useo o oao
ma||ng. lowe |s geneateo om coa| eects, nes ano m|oo||ngs
|n AluC bo||es. unun||seo so||o wastes ae o|sooseo o sae|y.
louse|eeo|ng |n t|e enne o|ant |s ove|oo|eo by LML t|oug|
mac||nes. S|ag (LAl 8 L8l) om SMS |s ooooseo to be ecyc|eo
using Slag Atom|s|ng 1ec|no|ogy (SA1) oov|oeo by LCCMAlS1L8,
Korea, which recovers the Metallic content from slag and
convets |t to lec|ous S|ag (lS) ba||s. 1|e ganu|es ooouceo by
t||s tec|no|ogy can be useo |n abas|ve b|ast mate|a|, counte
we|g|t b|cyc|e oao mate|a|, wate teatment meo|a, oo|yme
concrete material, road pavement material, hume pipes, tetra-
ooos, concete b|c|s, concete o|oes ano so on. 1|e vem|-
compost plant was set up for conversion of organic waste to
manue by us|ng eat|woms. 1|e esu|tant manue |s useo o
t|e ouoose o gaoen|ng. l|ants ae estab||s|eo to manuactue
fy as| b|c|s, w||c| ae useo to oeom a|| constucnon acnv|nes
of the Company.
1|e Comoany |as bu||t uo a stong Lnv|onment Management
Leoatment (LML) |av|ng a mu|no|sc|o||nay team o
ooess|ona| ano tec|n|ca| sta at eac| o |ts s|tes. 1|e membes
o t|e oeoatment eoot to t|e un|t leao. LML |as estab||s|eo
a mooen env|onmenta| |aboatoy |av|ng soo||sncateo
instruments, including those for monitoring environmental
qua||ty to assess env|onmenta| |s|s.
Lvey asoect o oo||unon geneateo oue to o|ant acnv|nes |s
mon|toeo |n oeta|| ano aoequate steos ae ta|en to m|n|m|se
|t. 1|e ogan|sanon st|ct|y o||ows t|e o|nc|o|es o m|n|m|s|ng
oo||unon, wastages ano enegy usage ou|ng manuactu|ng.
ues|oes, |t a|so a|ms to max|m|se t|e |amony between man||no
and surroundings.
!SlL unoeta|es aoestanon oogammes cove|ng vast tacts
o |ano |n ano aouno |ts ooects. 1ee o|antanon |s |ntega|
to the Companys environment management plan. Mass tree
o|antanon oogammes ae egu|a|y ogan|seo |n consu|tanon
with the Forest Department covering vast tracts of land in and
aouno |ts un|ts |n a conceteo b|o to |ncease geen cove o t|e
aea. Ceen be|ts ae oooe|y ma|nta|neo. Cve 2 |ac sao||ngs
were planted during the current year with a survival rate of
ove 80, |n aoo|non to comoensatoy aoestanon ano mass
tee o|antanon oogammes ca|eo out |n consu|tanon w|t| t|e
Forest Department.
1a|n|ng |s |moateo to emo|oyees o env|onment ootecnon
ano commenoab|e oeomances |n t|e e|o ae ecogn|seo
t|oug| awaos |||e Ceen Leoatment. logammes ae a|so
conoucteo o env|onment awaeness by ogan|s|ng sem|nas,
aang|ng annua| fowe ano vegetab|e s|ows, obsev|ng vo|o
Environment Day and others.
kISkS AND CCNCLkNS
During its journey over the years, JSPL has faced several
|moeo|ments. 1|e Comoany |as oeve|ooeo a caunous |s|
management system to m|ngate a|| t|e ooss|b|e assoc|ateo
concerns.
Leso|te be|ng t|e wo|o's out| |agest stee| ooouce, lno|a |as
t|e |owest oe cao|ta consumonon g|oba||y. 1||s |s exoecteo to
THE GUIDING PRINCIPLES oesc|be t|at a|| bus|ness

oec|s|ons s|ou|o be gu|oeo by sens|nv|ty towaos env|onment, neeo
o susta|nab|e oeve|ooment ano |mootance o env|onmenta| |moact
ano soc|a| we|ae. 1|ey s|ou|o a|so a|m to max|m|se oanc|oanon o
emo|oyees, contactos, customes, commun|nes ano, o t|at mate,
a|| sta|e|o|oes.
and Analysis
120
be coecteo by t|e |ncease |n o|vate secto s|ae towaos stee|
oooucnon. lut|e, t|e o|anneo |nastuctue |nvestments w|||
a|so |ncease t|e stee| oemano s|gn|cant|y |n t|e com|ng yeas.
Lown t|e ||ne, t|e county's oemano |s exoecteo to outun t|e
suoo|y ano |moot t|e ba|ance equ|ement.
1o susta|n t|e |nceas|ng stee| oemano, a connnuous suoo|y
o aw mate|a|s |s exteme|y necessay. ln aoo|non, sevea|
env|onmenta| ano ooeanona| concens, |nastuctue
bot|enec|s (|||e a||way a|es, wagons) ano |ano acqu|s|non
|ssues |ave a|so aecteo a susta|nab|e suoo|y o coa|. los|nve
measues ta|en by t|e govenment (cons|oe|ng o|ce ooo||ng o
coa| ano mooteo aucnon|ng o coa| b|oc|s) w||| |e|o |n emov|ng
some o t|e ex|snng bot|enec|s.
1|ee ae sevea| ma|et vo|an||nes |n esoect to o|ce, |nteest
ano cuency va|uanons, w||c| a|so |ave an |moact on t|e
Comoany's botom||ne. 1|e Comoany |as bu||t a stong team to
mon|to t|e above fuctuanons ano a nme|y annc|oanon ootects
|t om any mao vo|an||nes.
IN1LkNAL CCN1kCL SS1LMS
lesoecnve o t|e s|ze o a bus|ness, |ntena| conto| systems
o|ay a mao o|e |n |ts emc|ent ano eecnve management.
The Company has an ever-evolving internal control system
commensuate w|t| t|e s|ze o |ts ooeanons. lt |s a|so uooanng
t|e systems by annc|oanng t|e utue exoans|on ano gowt| o
t|e bus|ness.
1|e Comoany's oooucnon caoac|ty en|ancements ano
o|ves|canon acnv|nes t|oug| subs|o|a|es |n lno|a ano aboao
ae |e|o|ng |ncease t|e fow o bus|ness |nomanon. Moeove,
oemano o oomot oec|s|on ma||ng baseo on |nomanon ano
oata |as a|so |nceaseo. lence, t|ee |s an |moeanve neeo to
ev|se ano uooate |ntena| conto| systems. 1||s neeos to be
oeomeo cons|oe|ng t|e quannty o |nomanon, eoots,
ecoos, oocuments, tansacnon statements ano ot|es
geneateo connnuous|y |n t|e Comoany.
Aut|ennc |nomanon seves as a stong ounoanon o eecnve
oec|s|on-ma||ng, w||c| |as |ong-|asnng consequences on
bus|ness gowt|. Auo|t o ooeanons, estab||s|ments, ma|enng
omces ano stoc|yaos |s conoucteo quate|y by outs|oe c|ateeo
accountant ms aooo|nteo by t|e Comoany's Auo|t Comm|tee.
This helps to ensure that the systems are adhered to and controls
ae not fouteo. 1|e eoots oov|oeo by t|e auo|tos cove a||
asoects o ooeanons, accounts, ouc|ases, stoes, oooucnon
ano ma|enng. Cm|ss|ons ano oev|anons ae oooe|y ecooeo
ano o|scusseo t|ooug||y |n t|e Auo|t Comm|tee meenngs,
emeo|a| acnons ae suggesteo ano mon|toeo.
Cost Auo|tos ae seoaate|y aooo|nteo to auo|t cost accounnng
ecoos ano t|e| eoot |s o|scusseo |n t|e Auo|t Comm|tee
meenngs beoe be|ng aoooveo by t|e uoao. 1|e na| eoot
|s subm|teo to t|e Centa| Covenment. 1|e Auo|t Comm|tee
mon|tos t|e eecnveness ano ooeanona| emc|ency o t|e
121
|ntena| conto| systems oe|oo|ca||y. lt a|so oov|oes va|uab|e
suggesnons to |moove t|e bus|ness oocesses, systems ano
internal controls.
1|e Comoany's Auo|t Comm|tee a|so b|es t|e uoao o
L|ectos about t|e aeas o concen. Annua| |ntena| auo|t o|ans
ae oeoaeo by |ntena| auo|tos |n consu|tanon w|t| t|e Auo|t
Comm|tee, auo|t |s conoucteo |n accooance w|t| t||s o|an. A
seoaate oeoatment |eaoeo by a sen|o omce |oo|s ae
internal control systems and assists internal auditors and the
Auo|t Comm|tee by oov|o|ng oes|eo |nouts.
FINANCIAL MANAGEMENT
ln ||ne w|t| |ts gow|ng bus|ness, t|e Comoany souces unos om
two |ey souces - |ntena| accua|s ano boow|ngs om |enoes.
As |ntena| accua|s cannot be sumc|ent a|one o t|e mass|ve
exoans|on o|ans, t|e Comoany |as a|so a|seo aoequate unos
om ban|s ano nanc|a| |nsntunons. 1|e Comoany |eveages |ts
ceoenna|s to souce unos at most comoennve |eno|ng ates. A
ouoent nanc|a| team mon|tos t|e Comoany's ovea|| oebts to
ensue nme|y eoayment ano to ma|nta|n a |ow gea|ng ano.
S1A1U1Ck CCMLIANCLS
1|e Comoany Secetay, as Como||ance Cmce, ensues
como||ance o t|e Comoan|es Act, 19S6, t|e SLul egu|anons ano
oov|s|ons o t|e L|snng Ageements. Como||ance cencates
ae obta|neo om t|e Comoany's va|ous un|ts ano t|e uoao |s
|nomeo o t|e same at evey uoao meenng.
CAU1ICNAk S1A1LMLN1
1||s eoot conta|ns ooecnons, esnmates ano exoectanons etc.,
w||c| ae ust 'owao |oo||ng statements'. Actua| esu|ts cou|o
o|e om t|ose exoesseo o |mo||eo |n t||s eoot. lmootant
actos t|at may |ave |moact on Comoany's ooeanons |nc|uoe
econom|c cono|nons aecnng oemano / suoo|y ano o|ce
cono|nons |n t|e oomesnc ano oveseas ma|ets, c|anges
|n t|e Covenment egu|anons / oo||c|es, tax |aws ano ot|e
statutes and other incidental factors. The Company assures no
esoons|b|||ty to oub||c|y moo|y o ev|se any owao |oo||ng
statements on t|e bas|s o any utue events o new |nomanon.
Actua| esu|ts may o|e om t|ose mennoneo |n t|e eoot.
and Analysis
122
8. List three key products/services that the Company manufactures/ provides (as in balance sheet)
l|ates 8 Co||s laa||e| l|ange ueams ano Co|umns MS Rounds
9. 1ota| number of |ocanons where bus|ness acnv|ty |s undertaken by the Company
l. number of lnLernauonal Locauons (rovlde deLalls of ma[or S)
1|e mao |ntenanona| |ocanons w|ee !SlL |as bus|ness acnv|ty, t|oug| |ts subs|o|a|es ano steo-oown subs|o|a|es, ae
Cman, Sout| A|ca, Mozamb|que ano uotswana.
ll. number of nauonal Locauons
1. lanLs:
State/Union Territory
Chhamsgarh Cdlsha !harkhand
8a|ga|, 8a|ou, Longama|ua Angu|, uab||, 1ensa Patratu
2. Markeung Cmces:
Cugaon, 8a|ou, u|ooa|, C|ano|ga|, loc||, lo||ata, !ams|eoou, uanga|oe, lanou, Mumba|, u|ubanes|wa,
C|enna|, !a|ou, lyoeabao, Luo||ana, A|meoabao, lune, lagou, latna, C|az|abao, la|oabao ano v|zag.
7. Sector(s) that the Company |s engaged |n (|ndustr|a| acnv|ty code-w|se)
Group Class Descr|pnon
241 2410 Manuactu|ng o Stee|
351 3510 Ceneanon o lowe
As oe c|ass|canon unoe lanona| lnoust|a| C|ass|canon (2008), Centa| Stansnca| Cgan|sanon, M|n|sty o Stansncs ano
logamme lmo|ementanon, Covenment o lno|a, lew Le|||
1. Corporate Idennty Number (CIN)
of the Company
L2/10Sl819/9lLC009913
2. Name of the Company
3. Registered Address
C.l. !llLAL MA8C, llSA8-12S00S,
lA8?AlA, lno|a
4. Website
www.|noa|stee|oowe.com
S. L-ma|| Id
susta|nab|||tyQ|noa|stee|.com
6. Financial Year Reported
2012-13
Business Responsibility Report
SECTION A GLNLkAL INICkMA1ICN A8CU1 1nL CCMAN
ANNLxUkL - V
uus|ness 8esoons|b|||ty 8eoot
123
4. 1ota| Spend|ng on Corporate Soc|a| kespons|b|||ty (CSk) as percentage of proht aher tax ()
Cu tota| soeno|ng on CS8 |s 99.14 coe w||c| |s 6.22 o ou lA1.
S. L|st of acnv|nes |n wh|ch expend|ture |n 4 above has been |ncurred
2. Total Turnover
1S,113.98 coe
1. a|d up Cap|ta|
93.48 coe
3. 1ota| roht Aher 1axes
1,S92.SS coe
10. Markets served by the Company - Loca|]State]Nanona|]Internanona|]
ve |ave a g|oba| ooto|nt t|at seves bot| lanona| ano lntenanona| ma|ets.
SECTION B IINANCIAL DL1AILS CI 1nL CCMAN
SECTION C C1nLk DL1AILS
1. Does the Company have any Subsidiary Company/ Companies?
?es.
2. Do the Subs|d|ary Company]Compan|es parnc|pate |n the 8k In|nanves of the parent Company? If yes, then |nd|cate the number of
such subsidiary Company(s).
lo. Lac| subs|o|ay comoany |as |noeoenoent bus|ness esoons|b|||ty |n|nanves.
3. Do any other ennty]ennnes (e.g. supp||ers, d|str|butors etc.) that the Company does bus|ness w|th, parnc|pate |n the 8k
|n|nanves of the Company? If yes, then |nd|cate the percentage of such ennty]ennnes? [Less than 30, 30-60, More than
60]
lo.
SECTION D 8k INICkMA1ICN
1. Details of Director/Directors responsible for BR
a) ueLalls of Lhe ulrecLor/ulrecLors responslble for lmplemenLauon of Lhe 88 pollcy/pollcles
Sr.
No.
arncu|ars Details
1. Lll lumbe 0002S9/0
2. lame S|| 8av| uooa|
3. Les|gnanon Manag|ng L|ecto 8 CLC
b) ueLalls of Lhe 88 head
Sr.
No.
arncu|ars Details
1. Lll lumbe (| aoo||cab|e) lA
2. lame S|| 8aeev u|aoau|a
3. Les|gnanon L|ecto - l8
4. 1e|eo|one lumbe 011- 41462406
S. L-ma|| lo aeev.b|aoau|aQ|noa|stee|.com
lea|t| Loucanon
Susta|nab|e
L|ve|||ooo
Commun|ty
lnastuctue
Sports
and Cultural
Bonding
S||||
Leve|ooment
Women
Lmoowement
L|saste
8e||e
latua|
8esouces
Management
124
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126
A|| t|e oo||c|es |n !SlL ae caveo om ou Cu|o|ng l|nc|o|es ano Coe va|ues. 1|ese oo||c|es ae maooeo to eac| o|nc|o|e |eeunoe:
r|nc|p|e App||cab|e ISL's po||c|es
kINCILL 1 a. Couo Cooe o Conouct
uus|nesses s|ou|o conouct ano goven t|emse|ves w|t| Lt||cs,
1ansoaency ano Accountab|||ty
b. Cooe o Conouct o uoao o L|ectos ano Sen|o
Management
c. Cooe o Coooate L|sc|osue lacnce o
levennon o lns|oe 1ao|ng
o. Cooe o lntena| loceoues ano Conouct o
levennon o lns|oe 1ao|ng |n S|aes o 1|e
Comoany
e. Couo v||st|e u|owe lo||cy
kINCILL 2 a. Lnv|onment lo||cy
uus|nesses s|ou|o oov|oe gooos ano sev|ces t|at ae sae ano
cont|bute to susta|nab|||ty t|oug|out t|e| ||e cyc|e
b. ua||ty lo||cy
c. 1ota| looucnv|ty Management lo||cy
uus|nesses s|ou|o oomote t|e we||-be|ng o a|| emo|oyees b. Cooe o Conouct o uoao o L|ectos ano Sen|o
Management
c. Couo v||st|e u|owe lo||cy
o. Saety 8 Cccuoanona| lea|t| lo||cy
e. Lnv|onment lo||cy
uus|nesses s|ou|o esoect t|e |nteests o, ano be esoons|ve towaos
a|| sta|e|o|oes, esoec|a||y t|ose w|o ae o|saovantageo, vu|neab|e
and marginalised
b. CS8 lo||cy
kINCILL S a. Couo Cooe o Conouct
uus|nesses s|ou|o esoect ano oomote |uman |g|ts b. Couo v||st|e u|owe lo||cy
c. Saety 8 Cccuoanona| lea|t| lo||cy
kINCILL 6 a. Cooe o Conouct o uoao o L|ectos ano Sen|o
Management
uus|nesses s|ou|o esoect, ootect, ano ma|e eots to estoe t|e
env|onment
b. Lnv|onment lo||cy
c. Lnegy lo||cy
o. Couo Cooe o Conouct
uus|nesses, w|en engageo |n |nfuenc|ng oub||c ano egu|atoy oo||cy,
s|ou|o oo so |n a esoons|b|e manne
kINCILL 8 a. CS8 lo||cy
uus|nesses s|ou|o suooot |nc|us|ve gowt| ano equ|tab|e oeve|ooment
kINCILL 9 a.
b.
ua||ty lo||cy
Couo Cooe o Conouct
uus|nesses s|ou|o engage w|t| ano oov|oe va|ue to t|e| customes
ano consumes |n a esoons|b|e manne
127
2A. lf answer Lo S. no. 1 agalnsL any prlnclple, ls 'no', please explaln why:
Sl.
No.
uesnons 1 2 3 4 S 6 7 8 9
1 1|e Comoany |as not unoestooo
t|e l|nc|o|es
lot Aoo||cab|e
2 1|e Comoany |s not at a stage
w|ee |t nos |tse| |n a oos|non
to omu|ate ano |mo|ement t|e
oo||c|es on soec|eo o|nc|o|es
3 1|e Comoany ooes not |ave
nanc|a| o manoowe esouces
ava||ab|e o t|e tas|
4 lt |s o|anneo to be oone w|t||n next
6 mont|s
5 lt |s o|anneo to be oone w|t||n t|e
next 1 yea
6 Any ot|e eason (o|ease soec|y)
3. Governance related to BR
lndlcaLe Lhe frequency wlLh whlch Lhe 8oard of ulrecLors, Commluee of Lhe 8oard or CLC Lo assess Lhe 88 performance of
Lhe Company.
1|e uoao Comm|tees meet once evey quate to assess t|e u8 oeomance o t|e Comoany.
uoes Lhe Company publlsh a 88 or a SusLalnablllLy 8eporL? WhaL ls Lhe hyperllnk for vlewlng Lhls reporL? Pow frequenLly
lL ls publlshed?
1||s |s t|e st Annua| uus|ness 8esoons|b|||ty 8eoot. 1||s |s be|ng oub||s|eo as oat o t|e Annua| 8eoot ano |s ava||ab|e at
t|e Comoany's webs|te www.|noa|stee|oowe.com.
SECTION E kINCILLWISL LkICkMANCL
kINCILL 1 Businesses should conduct and govern
themse|ves w|th Lth|cs, 1ransparency and
Accountability
1. Does the po||cy re|anng to eth|cs, br|bery and corrupnon
cover on|y the Company? es]No. Does |t extend
to the Group]Io|nt Ventures]Supp||ers]Contractors]
NGCs]Cthers?
At !SlL, t|e o|nc|o|es o et||cs ano tansoaency ae
aoooteo acoss t|e ogan|sanon t|oug| ou oo||c|es
oeta|n|ng to t||s o|nc|o|e. 1|ese oo||c|es ae aoo||cab|e
to a|| emo|oyees ano omces o !SlL, ano |ts subs|o|a|es.
Lt||ca| equ|ements ae |mooseo on suoo||es ano
contactos t|oug| aoooo|ate c|auses |n ou contacts
w||c| t|e counteoaty |s ob||gateo to o||ow. 1|ese c|auses
oo||b|t emo|oyment o c|||o |abou, o|sc|m|nanon ano
ot|e couonve oacnces.
1|e Couo v||st|e u|owe lo||cy extenos ou comm|tment
to ||g| stanoaos o et||ca| ano ooess|ona| conouct by
oov|o|ng emo|oyees a a| ano tansoaent o|auom o
a|s|ng t|e| concens. Sumc|ent mec|an|sms |ave been out
|n o|ace to ensue conoenna||ty ano ootect t|e w||st|e
b|owe om any om o |aassment/v|cnm|sanon. 1|e
oo||cy coves |nstances oeta|n|ng to neg||gence |moacnng
oub||c |ea|t| ano saety, c|m|na| oence ano unet||ca|/
avoueo/b|aseo be|av|ou etc.
2. now many stakeho|der comp|a|nts have been rece|ved
|n the past hnanc|a| year and what percentage was
sansfactor||y reso|ved by the management?
28 como|a|nts wee ece|veo om t|e Comoany's
s|ae|o|oes/|nvestos |n 2012-13 ano a|| t|ese wee
eso|veo by !SlL |n t|e same yea. Aoat om t|ese, we o|o
not ece|ve any como|a|nts |n 2012-13.
kINCILL 2 Businesses should provide goods and
services that are safe and contribute to
sustainability throughout their life cycle
1. L|st up to 3 of your products or serv|ces whose des|gn has
|ncorporated soc|a| or env|ronmenta| concerns, r|sks and]
or opportun|nes.
Parallel Flange Beams and Columns- JSPL pioneered the
oooucnon o meo|um ano |eavy lot 8o||eo laa||e| l|ange
128
ueams ano Co|umn Secnons |n lno|a ano |s a|so t|e |eao|ng
suoo||e |n lno|a. Lue to t|e ||g|e |oao cay|ng caoac|ty,
t|ese secnons enab|e sav|ngs |n stee| consumonon
ano oov|oe u|nmate oes|gn fex|b|||ty to t|e stuctua|
oes|gnes. 1||s a|so esu|ts |n eouceo enegy consumonon
|n tansootanon ano constucnon.
2. Ior each such product, prov|de the fo||ow|ng deta||s |n
respect of resource use (energy, water, raw mater|a| etc.)
per un|t of product (opnona|).
1|e ooouct laa||e| l|ange ueams ano Co|umns" |s
manuactueo at on|y one o ou ac|||nes. 1|e enegy
ano wate consumonon oe tonne o cuoe stee| (tcs)
oooucnon o t|at enne ac|||ty |s:
2011-12 2012-13
Lnegy (C!/tcs) 29.S8 30.13
vate (l||o||tes/tcs) 2.S/ 2.34
3. Does the Company have procedures in place for
susta|nab|e sourc|ng (|nc|ud|ng transportanon)? If yes,
what percentage of your |nputs was sourced susta|nab|y?
A|so, prov|de deta||s thereof, |n about S0 words or so.
?es, !SlL |as out |n o|ace ooceoues o souc|ng |nouts
susta|nab|y ano |s a|so |oo||ng at ut|e |ncoooanng
susta|nab|||ty |n |ts suoo|y c|a|n. ln t|e aea o et||ca|
souc|ng, !SlL equ|es |ts suoo||es |nc|uo|ng |abou
contactos to o||ow gu|oe||nes oeta|n|ng to |uman |g|ts
|||e c|||o |abou, wo||ng |ous, occuoanona| |ea|t| ano
saety. Como||ance aga|nst t|ese ob||ganons |s connnuous|y
mon|toeo by ou teams ano t|e contacto |s eo|manoeo
|n case o a v|o|anon. 1|e suoo||es a|so |ave to como|y w|t|
env|onmenta| equ|ements |||e lSC 14001 cencanon.
At one o ou uocom|ng o|ants, we equ|e a|| suoo||es/
contactos/venoos to o||ow SA 8000 gu|oe||nes. 1|ese
gu|oe||nes oeta|n to c|nca| asoects o |uman |g|ts
|||e c|||o |abou, oceo ano comou|soy |abou, |ea|t|
ano saety, eeoom o assoc|anon ano |g|t to co||ecnve
baga|n|ng, o|sc|m|nanon, o|sc|o||nay oacnces, ano
emuneanon ano wo||ng |ous.
ve ae a|so o|ann|ng to constuct a 210 |m |ong o|oe||ne
o tansoonng |on oe |n s|uy om o|ect|y om t|e
souce to one o ou new o|ants. 1|e o|oe||ne w||| enta||
env|onmenta| benets by avo|o|ng oust ano no|se oo||unon
ano w||| t|us oos|nve|y |moact t|e |oca| commun|nes.
4. nas the Company taken any steps to procure goods
and serv|ces from |oca| & sma|| producers, |nc|ud|ng
commun|nes surround|ng the|r p|ace of work? If yes,
what steps have been taken to |mprove the|r capac|ty and
capability of local and small vendors?
?es, !SlL va|ues |oca| oocuement ano ta|es steos to
oocue gooos ano sev|ces om |oca| 8 sma|| ooouces
ano venoos soec|ca||y e|ateo to |||ng o equ|oment
ano sev|ces ano oocuement o m|no aw mate|a|s,
stanonay |tems ano ooo suoo||es.
!SlL a|so engages w|t| |oca| contactos o |||ng o
equ|oment (e.g. !Cu, m|n|ng equ|oment, oozes, tactos,
oumoes, etc.) ano wo|es o t|e constucnon ano
ooeanon o |ts o|ants. M|no ab|canon wo|s ano
mate|a|s ae a|so souceo om |oca| suoo||es. !SlL
connnuous|y ta|es steos to bu||o ano |moove t|e s||||s
ano caoac|ty o t|e |oca| contactos. venoo oeve|ooment
oogammes ae encouageo o t|e |oca| suoo||es ano
ae conoucteo on a oe|oo|c bas|s, oeoeno|ng uoon t|e
|nteacnons w|t| t|e venoos.
A|| ou o|ants oocue vegetab|es ano ot|e ooo |tems om
|oca| ooouces ano venoos. !SlL a|so engages w|t| t|ese
|oca| venoos |n caoac|ty bu||o|ng ano s|||| uogaoanon
acnv|nes. ln !SlL towns||os, |oca| ames, unoe t|e aeg|s
o |oca| lame C|ubs, |ave been oov|oeo countes o sa|e
o vegetab|es ano am ooouce.
ln some o ou o|ants, m||| ano m||| oooucts o t|e co|ony,
guest|ouse, canteens, etc. ae souceo om t|e |oca| Se|
le|o Couos (SlCs) un by women. 1|ese SlCs wee
a|so oov|oeo ta|n|ngs on ||vestoc| management, best
oacnces, etc. !SlL |as a|so suoooteo t|e oeve|ooment
o ||ganon ano ag|cu|tue |nastuctue |n t|e |oca|
commun|nes. 1|us, !SlL |as |e|oeo ceate a successu|
bus|ness mooe|, w||c| stateg|ca||y benets us as we|| as
t|e |oca| commun|nes.
5. Does the Company have a mechanism to recycle products
and waste? If yes, what |s the percentage of recyc||ng of
products and waste (separate|y as <S, S-10, >10).
?es, !SlL |as aoooteo t|e 3 8"s (8eouce, 8euse ano
8ecyc|e) |n |ts ooeanons ano ma|es a|| ooss|b|e eots to
m|n|m|se waste ano max|m|se euse ano ecyc||ng. !SlL
|as |a|o oown systemanc ooceoues to |oenny, segegate,
ana|yse t|e c|em|ca|/ o|ys|ca| comoos|non o waste ano
use |t bac| |n t|e oocess.
100 o wastewate geneateo ou|ng t|e ooeanons |s
teateo |n Lmuent 1eatment l|ant (L1l) ano un||seo o
acnv|nes suc| as oust suooess|on, |oncu|tue, etc. 100
o t|e ogan|c waste geneateo at !SlL |s conveteo |nto
manue ano un||seo |n-|ouse. At one o ou o|ants, t|e
Comoany |as |nsta||eo a 3 1lL b|o-met|ananon o|ant to
geneate b|ogas om ogan|c wastes.
1|e fy as| geneateo |n ou o|ants |s un||seo e|t|e |n
bac| |||ng o t|e coa| m|ne o |n c|v|| wo|s o b|c|
manuactu|ng. 100 o t|e ovebuoen geneateo
om t|e |on oe m|ne |s un||seo |n ec|a|m|ng t|e m|neo
aeas, w||c| ae t|en un||seo o o|antanon acnv|nes. 1|e
|eove/by-oooucts suc| as m||| sca|e, meta| c||os ano s|ag
ae ecyc|eo as aw mate|a|s o va|ous oocesses. Ct|e
|azaoous wastes, w||c| cannot be ecyc|eo, ae o|sooseo-
o t|oug| aut|o|seo ecyc|es.
129
kINCILL 3 8us|nesses shou|d promote the we||-be|ng
of all employees
1. |ease |nd|cate the 1ota| number of emp|oyees.
/,488
2. |ease |nd|cate the 1ota| number of emp|oyees h|red on
temporary/contractual/casual basis.
740
3. |ease |nd|cate the Number of permanent women emp|oyees.
299
4. |ease |nd|cate the Number of permanent emp|oyees
w|th d|sab|||nes.
5
S. Do you have an emp|oyee assoc|anon that |s recogn|sed
by management?
!|noa| Stee| 8 lowe lactoy vo|es un|on at
8a|ga|, C||amsga|, ex|snng s|nce 1994.
!|noa| Stee| 8 lowe Mazooo Sang|a, at San|eanga,
L|st. Angu|, Co|s|a, ex|snng s|nce Seotembe 2010
(o contact wo|es).
!|noa| Mazooo Sab|a, at uao|eanga, L|st. Angu|,
Co|s|a, ex|snng s|nce lovembe 2011 (o contact
wo|es).
6. What percentage of your permanent employees is
members of th|s recogn|sed emp|oyee assoc|anon?
100 at 8a|ga|, C||amsga| (lon- Lxecunve lemanent
Lmo|oyees)
7. |ease |nd|cate the Number of comp|a|nts re|anng to ch||d |abour, forced |abour, |nvo|untary |abour, sexua| harassment |n the
|ast hnanc|a| year and pend|ng, as on the end of the hnanc|a| year.
S.No. Category No of comp|a|nts h|ed dur|ng
the hnanc|a| year
No of comp|a|nts pend|ng as
on end of the hnanc|a| year
1. C|||o |abou / oceo |abou / |nvo|untay |abou l|| l||
2. Sexua| |aassment l|| l||
3. L|sc|m|natoy emo|oyment l|| l||
8. What percentage of your under mennoned emp|oyees were g|ven safety & sk||| upgradanon tra|n|ng |n the |ast year?
arncu|ars
lemanent Lmo|oyees 75
lemanent vomen Lmo|oyees /9
Casua|/1emooay/Contactua| Lmo|oyees 100
Lmo|oyees w|t| L|sab|||nes 100
kINCILL 4 8us|nesses shou|d respect the |nterests of,
and be respons|ve towards a|| stakeho|ders,
espec|a||y those who are d|sadvantaged,
vulnerable and marginalised
1. nas the Company mapped |ts |nterna| and externa|
stakeholders?
?es, !SlL |as maooeo |ts |ntena| ano extena| sta|e|o|oes
ano |as ecogn|seo emo|oyees, customes, s|ae|o|oes/
|nvestos, govenments ano egu|atoy aut|o|nes,
commun|nes suouno|ng ou ooeanons (|nc|uo|ng
o|so|aceo am|||es), bus|ness oatnes (suoo||es,
o|st|butos, contactos, stoc|yao ooeatos etc.), oatne
lCCs, meo|a, ano |nousty ano taoe assoc|anons as |ts |ey
sta|e|o|oes.
2. Cut of the above, has the Company |dennhed the
d|sadvantaged, vu|nerab|e & marg|na||sed stakeho|ders?
?es, !SlL |as |oenneo o|saovantageo, vu|neab|e 8
mag|na||seo sta|e|o|oes.
130
Stakeholder Group
M|grant Workers
lnluauves
Awaeness on lea|t| e|ateo |ssues ano san|tanon
vo|untay llv/AlLS tesnng
Aaamb| - lesc|oo| oogamme o m|gant wo|es'
c|||oen
D|erent|y-ab|ed Ind|v|dua|s
lnluauves
As|a centes - lov|o|ng c|||oen w|t| soec|a| neeos
a o|auom to access commun|ty baseo e|ab|||tanon
sev|ces
Counse|||ng o am|||es ano oaents
Camos o a|s|ng awaeness ano vocanona| couses
Elderly
lnluauves
lea|t| camos
1r|ba| eop|e
lnluauves
u|o|a 1|ba| Leve|ooment oogamme at latatu,
!|a||ano - Leve|ooment o|enteo acnv|nes w|t|
ocuseo |n|nanves o women, c|||oen ano mag|na|
oa|y ames
Women
lnluauves
lom|ng new se|-|e|o gouos (SlCs) ano stengt|en|ng
ex|snng ones
S|||| oeve|ooment ano |ncome geneanon acnv|nes |||e
ta||o|ng, sntc||ng, oeoa|ng ute oooucts, agabam
ma||ng etc.
lnceas|ng access to ceo|t
lea|t| camos |nc|uo|ng oogammes o oegnant
women and mothers
Girl Child
lnluauves
l|s|o| exoess - Aoo|escent anaem|a conto|||ng oogamme
l|s|o| Manoa|s - 8eoooucnve |ea|t| ano oesona|
|yg|ene awaeness oogamme
lea|t| ano nut|non awaeness camos
Sc|o|as||o oogammes
kINCILL S Businesses should respect and promote
human rights
1. Does the policy of the Company on human rights cover
on|y the Company or extend to the Group]Io|nt Ventures]
Supp||ers]Contractors]NGCs]Cthers?
1|e |ssues e|ateo to |uman |g|ts ae coveeo unoe
ou Couo Cooe o Conouct, Couo v||st|e u|owe lo||cy
ano Saety 8 Cccuoanona| lea|t| lo||cy ano ae a|so
embeooeo |n ou coooate Cu|o|ng l|nc|o|es. 1|ese
oo||c|es ae aoo||cab|e to a|| emo|oyees ano omces o !SlL
ano |ts subs|o|a|es. 1|e Couo Cooe o Conouct coves a||
asoects o o|sc|m|nanon ano |aassment ano e|noces
!SlL's va|ue o be|ng an equa| ooootun|ty emo|oye |n a||
asoects. ve |ave zeo to|eance o o|sc|m|nanon baseo
on any gounos. A|| ou oatnes (suoo||es, contactos,
lCCs) ae contactua||y ob||geo to esoect |uman |g|ts
w||c| among ot|e asoects oo||b|t c|||o emo|oyment,
guaantees m|n|mum wages ano soec|es ot|e emo|oyee
we|ae egu|anons oeta|n|ng to wages ano wo||ng |ous.
ve ae comm|teo to oov|o|ng sae ano |ea|t|y wo|
env|onment o a|| ou emo|oyees t|oug| ou Saety
8 Cccuoanona| lea|t| lo||cy w||c| coves a|| asoects o
occuoanona| |ea|t| ano saety |azaos. A|| contactos
ano t|e| |aboues ae a|so equ|eo to ab|oe by t|e
3. Are there any spec|a| |n|nanves taken by the Company to engage w|th the d|sadvantaged, vu|nerab|e and marg|na||sed
stakeho|ders? If so, prov|de deta||s thereof, |n about S0 words or so.
?es, as oat o ou Coooate Soc|a| 8esoons|b|||ty (CS8) |n|nanves, we unoeta|e acnv|nes o t|e benet o t|e |oenneo
o|saovantageo sta|e|o|oe gouos. lew |n|nanves ae ||steo be|ow:
131
saety o|nc|o|es aoo||cab|e at eac| o|ant |ocanon. A|| ou
ac|||nes ae ClSAS-18001 ceneo. ln aoo|non, at one o
ou uocom|ng ac|||nes, a|| contactos |ave to o||ow t|e SA
8000 gu|oe||nes.
2. now many stakeho|der comp|a|nts have been rece|ved |n
the past hnanc|a| year and what percent was sansfactor||y
resolved by the management?
lo como|a|nts oeta|n|ng to |uman |g|ts v|o|anon wee
ece|veo om sta|e|o|oes |n t|e eoonng oe|oo.
kINCILL 6 8us|nesses shou|d respect, protect, and
make eorts to restore the env|ronment
1. Does the po||cy re|ated to r|nc|p|e 6 cover on|y the
Company or extend to the Group]Io|nt Ventures]
Supp||ers] Contractors] NGCs] others.
?es, !SlL |as aoooteo an Lnv|onment lo||cy. v|t| esoect
to t|e suoo||es ano contactos, env|onmenta| u|es
8 egu|anons ae c|ea|y stateo |n t|e genea| tems ano
cono|nons o t|e ooe/contact.
2. Does the Company have strateg|es] |n|nanves to address
g|oba| env|ronmenta| |ssues such as c||mate change,
g|oba| warm|ng, etc.? ]N. If yes, p|ease g|ve hyper||nk
for webpage etc.
?es, !SlL connnuous|y exo|oes ooss|b|||ty o oocess
|moovements ano |nvestment |n new tec|no|og|es o
eouc|ng ou env|onmenta| ooto|nt to aooess g|oba|
wam|ng. Many suc| |ntevennons |ave a|eaoy been
|mo|ementeo o ae be|ng |mo|ementeo at ou o|ants. ve
ae cuent|y omu|anng a comoe|ens|ve acnon o|an on
c||mate c|ange o oeve|oo|ng a |ow cabon stategy to
suoo|ement ou ex|snng eots. lo t|e same, we |ave
ca|eo out cabon oot-o|nnng acoss a|| ou ooeanons
ano ae cuent|y oeve|oo|ng a oaomao o |mo|ementanon
o enegy emc|ency ano enewab|e enegy |n|nanves.
3. Does the Company |dennfy and assess potenna|
env|ronmenta| r|sks? ]N
?es, as oat o ou lSC 14001, lSC 9001 ano ClSAS 18001
cencanons, we unoeta|e connnuous assessment
o t|e ootenna| env|onmenta| |s|s. 1|e Comoany
unoeta|es extena| auo|ts unoe lSC 14001 to assess t|e
|mo|ementanon o |ts env|onment e|ateo acnv|nes.
4. Does the Company have any project related to Clean
Deve|opment Mechan|sm? If yes, whether any
env|ronmenta| comp||ance report |s h|ed?
?es, !SlL |as a 24 Mv w|no oowe ooect eg|steeo as
a C|ean Leve|ooment Mec|an|sm ooect acnv|ty (ullCCC
eeence numbe S864). 1|e ooect geneates e|ect|c|ty
om a enewab|e enegy souce (w|no). 1|us, t|e ooect
acnv|ty |e|os |n eouc|ng oeoenoence on oss|| ue|s o
geneanng t|e equ|va|ent amount o e|ect|c|ty. 1|e ooect
acnv|ty w||| eouce 38,4S9 t CC
2
e ClC em|ss|ons oe annum
n|| !u|y 2022.
S. nas the Company undertaken any other |n|nanves
on - c|ean techno|ogy, energy emc|ency, renewab|e
energy, etc.? ]N. If yes, p|ease g|ve hyper||nk for web
page etc.
?es, !SlL connnuous|y st|ves to |moove enegy emc|ency
ano |mo|ement enewab|e enegy |n|nanves at |ts ex|snng
ac|||nes. Lnegy |s a|so one o t|e most |mootant
cons|oeanons |n t|e oes|gn o ou uocom|ng o|ants. 1|e
Comoany |as |nvesteo |n a 24 Mv w|no oowe ooect,
w||c| suoo||es enewab|e enegy to t|e state g|o o
Ma|aas|ta. Lnegy emc|ent ano enewab|e enegy baseo
||g|nng |n|nanves |ave been unoeta|en at a|| |ocanons.
At one o ou o|ants, e|ect|c|ty |s be|ng geneateo by
ecove|ng t|e waste |eat |n fue gases o co|e ovens ano L8l
|||ns. Ct|e enegy emc|ency |n|nanves |nc|uoe |nsta||anon o
va|ab|e equency o|ves, |nsta||anon o ||g|nng enegy saves
ano enegy emc|ent |amos, oowns|z|ng o oves|zeo oumos
ano motos, moo|canon o w|a o|sc|age mec|an|sm |n
co|e oven o|ant, segeganon o co|e oooucts by co|e oute
moo|canons |n co|e oven o|ant, ano |nsta||anon o on||ne
nuc|eon|c mo|stue tansm|te |n co|e bun|es |n ooe to
eouce co|e consumonon |n b|ast unace. Aoat om t|e
fue gases, ot|e oocess wastes ae be|ng useo |n o|eent
ways, e.g. fy as| |s useo |n b|c| ma||ng. u|ast unace gas,
w||c| |s a byooouct, |s be|ng un||seo to eouce unace o||
consumonon. uatey ooeateo ve||c|es ae be|ng un||seo o
mate|a| tansoot |n t|e o|ant.
Cu uocom|ng o|ants ae emo|oy|ng va|ous contemooay
tec|no|og|es to eouce ClC em|ss|ons |nc|uo|ng 1oo
8ecovey 1ub|nes, Co|e Ly uenc||ng, ano use o
synt|enc gas. ve ae a|so o|ann|ng to constuct a 210 |m
|ong o|oe||ne o tansoonng |on oe |n s|uy om o|ect|y
om t|e souce to one o ou new o|ants. 1|e o|oe||ne
w||| enta|| env|onmenta| benets by eouc|ng enegy
consumonon ano avo|o|ng oust ano no|se oo||unon, ano
w||| a|so |eao to avo|oance o ootenna| geen|ouse gas
em|ss|ons om any a|tenanve mooe o tansootanon t|at
wou|o |ave been useo |n o|ace o t|e ooooseo o|oe||ne.
6. Is the Emissions/Waste generated by the Company
w|th|n the perm|ss|b|e ||m|ts g|ven by CC8]SC8 for the
hnanc|a| year be|ng reported?
?es, t|e em|ss|ons/waste geneateo by t|e Comoany at a||
|ocanons |s w|t||n t|e oem|ss|b|e ||m|ts g|ven by ClCu/SlCu.
7. Number of show cause] |ega| nonces rece|ved from CC8]
SC8 wh|ch are pend|ng (|.e. not reso|ved to sansfacnon)
as on end of Financial Year.
At t|e eno o l? 2012-13, t|ee ae 2 oeno|ng cases
w|t| SlCu.
132
kINCILL 7 8us|nesses, when engaged |n |nuenc|ng
pub||c and regu|atory po||cy, shou|d do so |n
a responsible manner
1. Is your Company a member of any trade and chamber or
assoc|anon? If es, Name on|y those ma[or ones that your
bus|ness dea|s w|th.
?es, !SlL |s a membe o sevea| |noust|a| ano taoe boo|es.
1|ese ae ||steo be|ow:
a) Coneoeanon o lno|an lnousty (Cll)
b) leoeanon o lno|an C|ambes o Commece ano
lnousty (llCCl)
c) Assoc|ateo C|ambes o Commece ano lnousty o
lno|a (ASSCClAM)
o) leoeanon o lno|an M|nea| lnoust|es (llMl)
e) Stee| lunace Assoc|anon o lno|a (SlAl)
) Soonge lon Manuactues Assoc|anon (SlMA)
g) Assoc|anon o lowe loouces (All)
2. nave you advocated]|obb|ed through above assoc|anons
for the advancement or improvement of public good? Yes/
No, |f yes spec|fy the broad areas (drop box: Governance and
Adm|n|stranon, Lconom|c keforms, Inc|us|ve Deve|opment
o||c|es, Lnergy secur|ty, Water, Iood Secur|ty, Susta|nab|e
8us|ness r|nc|p|es, Cthers).
!SlL |s oat o va|ous comm|tees |||e oowe comm|tee,
stee| comm|tee, m|n|ng comm|tee etc. w|t||n t|e above
||steo |noust|a| ano taoe boo|es. ve oanc|oate |n sem|nas
ano coneences ogan|seo by t|ese boo|es ano oov|oe
ou |nouts on va|ous |ssues |nc|uo|ng aovancement/
|moovement o oub||c gooo but we oo not |obby o any
soec|c |ssue. ln t|e oast, we |ave oanc|oateo |n t|e
o||ow|ng oums oeta|n|ng to aovancement/|moovement
o oub||c gooo:
Lnegy Secu|ty
Susta|nab|e uus|ness l|nc|o|es
Covenance
Saety ano S|||| Leve|ooment
kINCILL 8 8us|nesses shou|d support |nc|us|ve growth
and equitable development
1. Does the Company have spec|hed programmes]|n|nanves]
pro[ects |n pursu|t of the po||cy re|ated to r|nc|p|e 8? If yes
details thereof.
?es. !SlL enooses t|e tenets o |nc|us|ve gowt| ano
equ|tab|e oeve|ooment t|oug| |ts Coooate Soc|a|
8esoons|b|||ty (CS8) |n|nanves. 1|ese tenets consntute
an |ntega| oat o ou coooate Coe va|ues". ve m|y
be||eve t|at |moov|ng t|e qua||ty o ||e o commun|nes
suouno|ng ou ooeanons |s a necessay comoonent o
ou gowt| stoy. 1|e same |s ens||neo |n ou CS8 oo||cy.
1|e eecnveness ano |mo|ementanon o t||s oo||cy |s
ensueo by exteno|ng t|e govenance esoons|b|||ty to
t|e Comoany's uoao t|oug| t|e lea|t|, Saety, CS8 ano
Lnv|onment Comm|tee. 1||s uoao |eve| comm|tee meets
quate|y to mon|to t|e o|ans, acnons ano outcomes o
ou CS8 oogammes. 1|ese oogammes ae manageo
by ooess|ona| CS8 teams stanoneo at eac| o ou o|ant
|ocanons ano boao|y oeta|n to aeas |||e:
lea|t|
Loucanon
?out| Leve|ooment
Susta|nab|e L|ve|||ooo
vomen's Lmoowement
S|||| Leve|ooment
Stengt|en|ng Loca| lnsntunons
latua| 8esouce Management
L|saste 8e||e
L|vestoc| Management
Commun|ty lnastuctue Leve|ooment
Soots, At ano Cu|tue 8e|ateo
133
2. Are the programmes]pro[ects undertaken through |n-house team]own foundanon]externa| NGC]government structures]any
other organ|sanon?
1|e onus o oes|gn|ng ano oe||ve|ng t|e CS8 |n|nanves ||es w|t| t|e |n-|ouse CS8 teams oeo|oyeo at eac| o ou o|ant |ocanons.
uaseo on t|e equ|ement o eac| |n|nanve, extena| lCCs ae a|so boug|t on boao to suoo|ement t|e |n-|ouse s||||s ava||ab|e.
Many o ou |n|nanves ae ||n|eo w|t| ex|snng govenment sc|emes (e|t|e suoo|emennng o como|emennng t|e sc|eme) ano
equ|e oatne|ng w|t| esoecnve govenment agenc|es |nvo|veo. A ew examo|es o ou co||aboanve eots ae g|ven be|ow:
Area artner Invo|ved
nea|th 8eo Coss Soc|ety, L|st|ct u|ooo uan|s, L|st|ct lea|t| Aom|n|stanon, lntegateo C|||o
Leve|ooment Sc|eme (lCLS), .|||a Swast|a Sam|n (.SS), lanona| 8ua| lea|t| M|ss|on
(l8lM), lanona| vecto uone L|seases Conto| logam (lvuLCl), lntegateo
Counse|||ng ano 1esnng Cente (lC1C), lanona| AlLS Conto| Cgan|sanon, L|st|ct AlLS
levennon ano Conto| un|t (LAlCu)
Lducanon Leot. o Sc|oo| ano Mass Loucanon, Sava S|||s|a Ab||yan, State 8esouce Cente,
.|||a Sa|s|aata M|ss|on, Loca| we|ae soc|enes
Sustainable Livelihood Cmce o C||e L|st|ct veteanay Cmce, Cmce o Ass|stant L|ecto o l|s|e|es,
Cmce o L|st|ct loncu|tua| Cmce, L|st|ct 8ua| Leve|ooment Aut|o|ty, L|st|ct
Ag|cu|tue Cmce, l|s|| v|gyan lenoa, !an S|||s|a Sanst|an
Community Infrastructure
Development
L|st|ct Aom|n|stanon, L|st|ct 8ua| Leve|ooment Aut|o|ty, 8ua| ve|ae Soc|enes,
State L|ect|c|ty uoao, lub||c vo|s Leoatment
Sports, Art and Cu|ture ke|ated C|ymo|c Assoc|anon, C|c|et Assoc|anons, L|ectoate o Soots, L|st|ct Soots Cmce,
?out| loste| Assoc|anon, L|st|ct At||enc Assoc|anon
Natura| kesource Management vates|eo Management logamme |n co||aboanon w|t| lanona| uan| o Ag|cu|tue
ano 8ua| Leve|ooment (lAuA8L), Ag|cu|tua| l|nance Coooanon (AlC), lounoanon
o Lco|og|ca| Secu|ty (lLS)
3. nave you done any |mpact assessment of your |n|nanve?
?es, !SlL |as unoeta|en |moact assessment o |ts CS8 |n|nanves w|t| t|e |e|o o t||o oaty consu|tants. 1|e |moact assessment
stuo|es a||ow us to gauge t|e emcacy o ou oogammes, unoestano t|e fow o benets to t|e commun|nes ano to ga|n useu|
|ns|g|ts o |moov|ng t|e oogamme soec|canons o utue |ntevennons. 1|e outcomes o t|ese stuo|es s|eo ||g|t on acnv|nes
t|at ae most va|ueo by commun|nes, o|ect ano |no|ect |moacts o t|e |n|nanves, |moact on ||ve|||ooo oatens, teno |n aveage
|ouse|o|o |ncome, m|ganon oatens, soc|a||y e|evant va|ab|es |||e c|||o ma|age ano women's oanc|oanon, |moact on sc|oo|
oooout ates amongst ot|e t||ngs.
134
4. What |s your Company's d|rect contr|bunon to commun|ty deve|opment pro[ects- Amount |n INk and the deta||s of the pro[ects
undertaken?
!SlL's o|ect cont|bunon towaos commun|ty oeve|ooment ooects ou|ng t|e eoonng oe|oo (2012-13) |s 99.14 coe. Leta||s
o some o ou commun|ty |n|nanves ae g|ven be|ow:
Area Intervennons
nea|th Cgan|s|ng |ea|t| camos ano enovanon o c||n|cs
Aooess|ng aoo|escent anaem|a
u|ooo oonanon camos ano meo|c|ne o|st|bunon o|ves
Mob||e lea|t| un|t
San|tanon
levennve sev|ces |||e am||y o|ann|ng camos ano |ea|t|-e|ateo
awareness programmes
lmoov|ng |ea|t| e|ateo |nastuctue
Lducanon Suooonng teac|es
Ln|anc|ng qua||ty o eoucanon t|oug| |nastuctue suooot
v|||age camos o |nceas|ng sc|oo| eno|ment
l|nanc|a| ass|stance t|oug| sc|o|as||os
8enovanon o Aanganwao| centes
L|st|bunon o text boo|s
Aou|t eoucanon
Community Infrastructure Development lov|s|on o sae o|n||ng wate t|oug| o|oeo wate suoo|y, |ano oumos
ano wate tan|es
8oao oeve|ooment
v|||age e|ect|canon, so|a ||g|nng
Ct|e commun|ty |nastuctue |||e temo|es, commun|ty |a||s ano
ma|nta|n|ng geen cove
Skill Development l1l o mat|cu|ates 8 Moou|a Lmo|oyab|e sc|eme o non-mat|cu|ates
vocanona| couses |||e ta||o|ng, embo|oey, oaoe oooucts ano cano|e
ma||ng
Sustainable Livelihood lam ano non-am baseo acnv|nes
M|co-ceo|t sc|emes
L|vestoc| management ano an|ma| vacc|nanon o|ves
l|sc|cu|tue ano es| wate oawn cu|nvanon |nc|uo|ng caoac|ty bu||o|ng
Sports, Art and Cu|ture 8ond|ng v|||age, |nte-v|||age ano o|st|ct-|eve| coac||ng ano tounaments
lnastuctue ano soots equ|oment suooot to v|||age yout|
lomonon o |oca| cu|tua| ano o|| gouos
Natura| kesource Management Commun|ty o|antanon ano oeve|ooment o wate boo|es
vates|eo oeve|ooment
Women's Lmpowerment Se|-le|o Couo omanon ano m|co ceo|t sc|emes
S|||| bu||o|ng acnv|nes
lea|t| e|ateo awaeness camoa|gns
Disaster Relief l|ooo, e ano stom e||e
13S
S. nave you taken steps to ensure that th|s commun|ty
deve|opment |n|nanve |s successfu||y adopted by the
commun|ty? |ease exp|a|n |n S0 words, or so.
Successu| aooonon o commun|ty |n|nanves |s ensueo
by connnuous|y engag|ng w|t| t|e commun|nes at evey
stage o t|e oogamme, |g|t om |nceonon to |ts
execunon. A|| oogammes ae oeve|ooeo |n consu|tanon
w|t| t|e commun|nes us|ng tec|n|ques |||e lanc|oatoy
8ua| Aooa|sa| (l8A), leeo-lo|e Ana|ys|s ano leeo-
o|o|nsanon. Commun|nes ae a|so |nvo|veo |n oe||vey as
we|| as mon|to|ng o|ases o t|e oogammes. lt |s a|ways
ou enoeavou to |nouce ownes||o amongst commun|nes
w|t| !SlL o|ay|ng t|e o|e o a ac|||tato. Commun|ty baseo
ogan|sanons |||e v|||age oeve|ooment comm|tees ae
omeo ano ae g|ven esoons|b|||nes o manag|ng ceta|n
asoects o t|e oogammes w|t| oue ass|stance om ou
e|o teams.
kINCILL 9 8us|nesses shou|d engage w|th and prov|de
value to their customers and consumers in a
responsible manner
1. What percentage of customer complaints/consumer
cases are pend|ng as on the end of hnanc|a| year.
9 consume como|a|nts wee oeno|ng as on t|e eno o
nanc|a| yea 2012-13. A tota| o 18/ consume como|a|nts
wee ece|veo ou|ng 2012-13 ano 1/0 o t|ese wee
eso|veo, t||s |nc|uoes 86 como|a|nts t|at wee teateo as
eeobac|.
As on t|e eno o t|e l? 12-13, on|y 1 (one) consume case |s
eg|steeo aga|nst !SlL ano |s oeno|ng.
2. Does the Company d|sp|ay product |nformanon on
the product |abe|, over and above what |s mandated
as per |oca| |aws? es]No]N.A.]kemarks (add|nona|
|nformanon)
!SlL's stee| oooucts oo not |ave any manoatoy |abe|||ng
equ|ements. loweve, |n ooe to convey useu|
|nomanon to customes, !SlL's oooucts bea |nomanon
|abe|s oov|o|ng oeta||s about soec|canons, s|zes ano
qua||ty o t|e esoecnve ooouct. Aga|nst evey sa|e,
customes ae oov|oeo w|t| test cencates |ssueo by
ceneo t||o oanes t|at conta|n qua||ty oaametes as
we|| as t|e c|em|ca| ano o|ys|ca| oooenes o t|e ooouct.
1|e above |nomanon |s a|so ava||ab|e |n ooouct boc|ues
t|at ae g|ven to customes.
3. Is there any case h|ed by any stakeho|der aga|nst the
Company regard|ng unfa|r trade pracnces, |rrespons|b|e
adverns|ng and]or ann-compennve behav|our dur|ng the
|ast hve years and pend|ng as on end of hnanc|a| year?
lo case |as been |eo by sta|e|o|oes aga|nst t|e Comoany
egao|ng una| taoe oacnces, |esoons|b|e aovens|ng
ano ann-comoennve be|av|ou ou|ng t|e |ast ve yeas
ano no suc| cases ema|n oeno|ng as o eno o nanc|a|
yea 2012-13.
4. Did your Company carry out any consumer survey/
consumer sansfacnon trends?
?es, t|e Comoany ca|es out custome sansacnon suveys
to unoestano custome concens ano emeg|ng tenos.
8eouteo t||o oaty ma|et eseac| ms ae entusteo
to cay out t|ese suveys. Cu sa|es team a|so |nteacts
w|t| soec|c custome gouos |||e ac||tects, automob||e
comoan|es, etc. to aooess t|e| soec|c neeos.
136
Independent Auditors Report
to the Board of Directors of Jindal Steel & Power Limited
ve |ave auo|teo t|e accomoany|ng nanc|a| statements o
!|noa| Stee| 8 lowe L|m|teo ('t|e Comoany') w||c| como|ses
t|e ua|ance S|eet as at 31st Mac|, 2013,ano t|e Statement o
lot ano Loss ano t|e Cas| l|ow Statement o t|e yea t|en
enoeo, ano lotes to t|e l|nanc|a| Statements como|s|ng o a
summay o s|gn|cant accounnng oo||c|es ano ot|e exo|anatoy
|nomanon.
MANAGEMENTS RESPONSIBILITY FOR THE
FINANCIAL STATEMENTS
Management |s esoons|b|e o t|e oeoaanon o t|ese
nanc|a| statements t|at g|ve a tue ano a| v|ew o t|e nanc|a|
oos|non, nanc|a| oeomance ano cas| fows o t|e Comoany
|n accooance w|t| t|e Accounnng Stanoaos eeeo to |n sub-
secnon (3C) o secnon 211 o t|e Comoan|es Act, 19S6 ('t|e
Act'). 1||s esoons|b|||ty |nc|uoes t|e oes|gn, |mo|ementanon,
ano ma|ntenance o |ntena| conto|s e|evant to t|e oeoaanon
ano oesentanon o t|e nanc|a| statements t|at g|ve a tue ano
a| v|ew ano ae ee om mate|a| m|sstatements, w|et|e oue
to auo o eo.
AUDITORS RESPONSIBILITY
Cu esoons|b|||ty |s to exoess an oo|n|on on t|ese nanc|a|
statements baseo on ou auo|t. ve conoucteo ou auo|t |n
accooance w|t| t|e Stanoaos on Auo|nng |ssueo by t|e
lnsntute o C|ateeo Accountants o lno|a. 1|ose Stanoaos
equ|e t|at we como|y w|t| et||ca| equ|ements ano o|an ano
oeom t|e auo|t to obta|n easonab|e assuance about w|et|e
t|e nanc|a| statements ae ee om mate|a| m|sstatement.
An auo|t |nvo|ves oeom|ng ooceoues to obta|n auo|t
ev|oence about t|e amounts ano o|sc|osues |n t|e nanc|a|
statements. 1|e ooceoues se|ecteo oeoeno on t|e auo|to's
uogment, |nc|uo|ng t|e assessment o t|e |s|s o t|e mate|a|
m|sstatement o t|e nanc|a| statements, w|et|e oue to auo
o eo. ln ma||ng t|ose |s| assessments, t|e auo|to cons|oes
|ntena| conto| e|evant to t|e Comoany's oeoaanon ano
a| oesentanon o t|e nanc|a| statements |n ooe to oes|gn
auo|t ooceoues t|at ae aoooo|ate |n t|e c|cumstances. An
auo|t a|so |nc|uoes eva|uanng t|e aoooo|ateness o accounnng
oo||c|es useo ano easonab|eness o t|e accounnng esnmates
maoe by management, as we|| as eva|uanng t|e ovea||
oesentanon o t|e nanc|a| statements.
ve be||eve t|at t|e auo|t ev|oence we |ave obta|neo |s sumc|ent
ano aoooo|ate to oov|oe a bas|s o ou auo|t oo|n|on.
OPINION
ln ou oo|n|on ano to t|e best o ou |nomanon ano accoo|ng
to t|e exo|ananons g|ven to us, t|e sa|o accounts g|ve t|e
|nomanon equ|eo by t|e Act, |n t|e manne so equ|eo
ano g|ve a tue ano a| v|ew |n conom|ty w|t| t|e accounnng
o|nc|o|es genea||y acceoteo |n lno|a:
|) ln t|e case o t|e ua|ance S|eet, o t|e state o aa|s o
t|e Comoany as at 31st Mac|, 2013,
||) ln t|e case o Statement o lot ano Loss, o t|e oot o
t|e Comoany o t|e yea enoeo on t|at oate, ano
|||) ln t|e case o t|e Cas| l|ow Statement, o t|e cas| fows
o t|e yea enoeo on t|at oate.
EMPHASIS OF MATTER
ve oaw atennon to sub note (a) o lote 4 egao|ng accounnng
o sa|es tax |nc|uoeo |n sa|es o|ce o oooucts so|o out o sa|es tax
exemoteo un|t unoe Sa|es 1ax Subs|oy/ Cao|ta| 8eseve Account
|n t|e c|cumstances as exo|a|neo |n t|e lote. Cu oo|n|on |s not
qua||eo |n esoect o t||s mate.
REPORT ON OTHER LEGAL AND REGULATORY
REQUIREMENTS
1. As equ|eo by t|e Comoan|es (Auo|to's 8eoot) Coe, 2003
('t|e Coe') |ssueo by t|e Centa| Covenment o lno|a |n
tems o secnon 22/ o t|e Act, we g|ve |n t|e Annexue a
statement on t|e mates soec|eo |n oaagao|s 4 ano S o
t|e Coe,
2. As equ|eo by secnon 22/(3) o t|e Act, we eoot t|at:
a. ve |ave obta|neo a|| t|e |nomanon ano exo|ananons
w||c| to t|e best o ou |now|eoge ano be||e wee
necessay o t|e ouoose o ou auo|t,
b. ln ou oo|n|on oooe boo|s o account as equ|eo by
|aw |ave been |eot by t|e Comoany so a as aooeas
om ou exam|nanon o t|ose boo|s,
c. 1|e ua|ance S|eet, Statement o lot ano Loss ano
Cas| l|ow Statement oea|t w|t| by t||s 8eoot ae |n
ageement w|t| t|e boo|s o account,
o. ln ou oo|n|on, t|e ua|ance S|eet, Statement o lot
ano Loss ano Cas| l|ow Statement como|y w|t| t|e
Accounnng Stanoaos eeeo to |n sub-secnon (3C)
o secnon 211 o t|e Act,
e. Cn t|e bas|s o w|ten eoesentanons ece|veo
om t|e L|ectos as on 31st Mac|, 2013, ano ta|en
on ecoo by t|e uoao o L|ectos, none o t|e
L|ectos |s o|squa||eo as on 31st Mac|, 2013, om
be|ng aooo|nteo as a L|ecto |n tems o c|ause (g) o
sub-secnon (1) o secnon 2/4 o t|e Act.
lo S. S. KOTHARI MEHTA & COMPANY
C|ateeo Accountants
K. K. Tulshan
l|ace : lew Le||| latne
Late : 2St| Ao||, 2013 Membes||o lo. 8S033
137
Standalone
Annexure
Re: Jindal Steel & Power Limited
Referred to in clause 1 of paragraph on Report on Other Legal and Regulatory Requirements of our report of even date,
1. (a) 1|e Comoany |as ma|nta|neo oooe ecoos s|ow|ng
u|| oancu|as |nc|uo|ng quanntanve oeta||s ano
s|tuanon o xeo assets.
(b) 1|e Comoany |as a o|aseo oogamme o o|ys|ca|
ve|canon o |ts xeo assets w||c|, |n ou oo|n|on, |s
easonab|e |av|ng egao to t|e s|ze o t|e Comoany
ano t|e natue o |ts assets. As oat o t||s oogamme,
t|e management |as o|ys|ca||y ve|eo ceta|n xeo
assets ou|ng t|e yea. L|sceoanc|es nonceo on
suc| ve|canon as comoaeo to boo| ecoos wee
not mate|a|, ano |ave been oooe|y aousteo |n t|e
boo|s o account.
(c) l|xeo assets o|sooseo o ou|ng t|e yea wee not
substanna| so as to |moact go|ng concen status o t|e
Comoany.
2. (a) As exo|a|neo to us, o|ys|ca| ve|canon |as been
conoucteo by t|e management at easonab|e
|nteva|s |n esoect o n|s|eo gooos, stoes ano
soae oats ano aw mate|a|s. lut|e, stoc|s |n t|e
oossess|on ano custooy o t||o oanes ano stoc|
|n tans|t as at 31st Mac|, 2013 |ave been ve|eo
by t|e management w|t| eeence to conmanon
o statement o account o coesoonoence w|t|
t|e t||o oanes o subsequent ece|ots o gooos.
ln ou oo|n|on, t|e equency o suc| ve|canon |s
easonab|e.
(b) 1|e ooceoues o t|e o|ys|ca| ve|canon o
|nvento|es o||oweo by t|e management ae, |n ou
oo|n|on, easonab|e ano aoequate |n e|anon to t|e
s|ze o t|e Comoany ano t|e natue o |ts bus|ness.
(c) ln ou oo|n|on, t|e Comoany |s ma|nta|n|ng oooe
ecoos o |nventoy. 1|e o|sceoanc|es nonceo on
o|ys|ca| ve|canon o |nventoy as comoaeo to boo|
ecoos wee not mate|a| ano |ave been oooe|y
oea|t w|t| |n t|e boo|s o account.
3. (a) 1|e Comoany |as ne|t|e ganteo no ta|en any |oans,
secueo o unsecueo, to/ om comoan|es, ms o
ot|e oanes ||steo |n t|e eg|ste ma|nta|neo unoe
secnon 301 o t|e Comoan|es Act, 19S6. Accoo|ng|y,
c|auses (|||) (a) to (g) o oaagao| 4 o CA8C ae not
aoo||cab|e.
4. ln ou oo|n|on ano accoo|ng to t|e |nomanon 8
exo|ananons g|ven to us ou|ng t|e couse o auo|t, t|ee
ae aoequate |ntena| conto| systems commensuate w|t|
t|e s|ze o t|e Comoany ano t|e natue o |ts bus|ness w|t|
egao to ouc|ase o |nvento|es ano xeo assets ano o
t|e sa|e o gooos ano sev|ces. lut|e, on t|e bas|s o
ou exam|nanon o t|e boo|s ano ecoos o t|e Comoany,
ca|eo out |n accooance w|t| t|e genea||y acceoteo
auo|nng oacnces |n lno|a, we |ave ne|t|e come acoss
no |ave we been |nomeo o any |nstance o a mao
wea|ness |n t|e aoesa|o |ntena| conto| systems.
S. (a) 1o t|e best o ou |now|eoge ano accoo|ng to t|e
|nomanon ano exo|ananons g|ven to us, we ae
o t|e oo|n|on t|at t|e oancu|as o contacts o
aangements t|at neeo to be enteeo |nto t|e eg|ste
ma|nta|neo unoe secnon 301 o t|e Comoan|es Act,
19S6 |ave been so enteeo.
(b) ln ou oo|n|on ano accoo|ng to t|e |nomanon ano
exo|ananons g|ven to us, t|e tansacnons enteeo
|nto |n ousuance o contacts o aangements, w|t|
w|om tansacnons exceeo|ng t|e va|ue o 8uoees ve
|acs |n esoect o eac| oaty |ave ta|en o|ace ou|ng
t|e nanc|a| yea, ae at o|ces w||c| ae easonab|e
|av|ng egao to t|e oeva|||ng ma|et o|ces at t|e
e|evant nme w|ee suc| ma|et o|ces ae ava||ab|e.
6. ln esoect o xeo oeoos|ts acceoteo om t|e oub||c |n
ea||e yeas, t|e oov|s|ons o secnon S8A ano S8AA o
any ot|e e|evant oov|s|ons o t|e Comoan|es Act, 19S6
|nc|uo|ng t|e Comoan|es (Acceotance o Leoos|ts) 8u|es,
19/S |ave been como||eo w|t|. ve |ave been |nomeo
t|at no Coe |as been oasseo by t|e Comoany Law uoao
o lanona| Comoany Law 1|buna| o 8eseve uan| o lno|a
o any Cout o any ot|e 1|buna| |n t||s egao.
/. ln ou oo|n|on, t|e Comoany |as an |ntena| auo|t system
commensuate w|t| t|e s|ze ano natue o |ts bus|ness.
8. ve |ave boao|y ev|eweo t|e cost accounnng ecoos
ma|nta|neo by t|e Comoany ousuant to t|e comoan|es
(Cost Accounnng 8ecoos) 8u|es, 2011 oesc|beo by
t|e Centa| Covenment unoe secnon 209 (1)(o) o
t|e Comoan|es Act, 19S6 ano ae o t|e oo|n|on t|at,
o|ma ac|e, t|e oesc|beo ecoos |ave been maoe 8
ma|nta|neo. ve ae, |oweve, not equ|eo to cay out a
oeta||eo exam|nanon o t|e same.
9. (a) ln ou oo|n|on ano accoo|ng to t|e |nomanon ano
exo|ananons g|ven to us ano accoo|ng to t|e ecoos
o t|e Comoany, uno|souteo statutoy oues |nc|uo|ng
lov|oent luno, lnvesto Loucanon ano lotecnon
luno, Lmo|oyees State lnsuance, lncome tax, Sa|es
tax, vea|t| tax, Sev|ce tax, Custom outy, Lxc|se outy,
Cess ano ot|e mate|a| statutoy oues, w|eeve
aoo||cab|e, |ave been egu|a|y oeoos|teo w|t| t|e
aoooo|ate aut|o|nes ou|ng t|e yea ano t|ee ae
no suc| uno|souteo statutoy oues oayab|e o a oe|oo
o moe t|an s|x mont|s om t|e oate t|ey became
oayab|e as at 31st Mac|, 2013 exceot o co||ecnon o
Sa|es tax w||c| |ave been co||ecteo oeno|ng ece|ot o
necessay cencates om t|e customes.
138
(b) Accoo|ng to t|e |nomanon ano exo|ananons g|ven to us ano as oe t|e boo|s ano ecoos exam|neo by us, t|ee ae no oues
o lncome tax, Sa|es tax, vea|t| tax, Sev|ce tax, Custom outy, Lxc|se outy ano Cess w||c| |ave not been oeoos|teo on account
o any o|soute, exceot t|e o||ow|ng w||c| |ave not been oeoos|teo as on 31st Mac|, 2013 on account o o|soutes ae g|ven
be|ow:
Name of Statute Nature of Dues Amount
` in Crore
Forum where dispute is pending Amount
Deposited
` in Crore
Period to which
the amount
relates
Centa| Lxc|se ano Sa|t
Act, 1944
Lxc|se Luty 0.04 Aooe||ate Comm|ss|one, 8a|ou llL l? 11-12 to
12-13
1S6.69 CLS1A1, lew Le||| 13.93 l?s 99-13
1.03 C||amsga| l|g| Cout, u||asou llL l? 94-9S to
0/-08
0.10 Mao|ya laoes| l|g| Cout,
!aba|ou
llL l? 9S-96
Centa| Sa|es 1ax Act /
Loca| Sa|es 1ax Act/
Lnty 1ax
Lnty 1ax 48.46 Leouty Comm|ss|one,
Commec|a| 1ax (Aooea|s),
8ou|e|a
16.06 l? 10-11
0.01 Leouty Comm|ss|one,
Commec|a| tax ( Aooea|s),
Cutac|
0.00 l? 06-0/
0.1S Aoo|nona| Comm|ss|one,
Cutac|
0.02 l? 0/-08
Centa| Sa|es 1ax Act / State Sa|es 1ax/
va|ue aooeo 1ax
0.20 Leouty Comm|ss|one,
Commec|a| 1ax (Aooea|s),
Cutac|
0.04 l? 06-0/
Loca| Sa|es 1ax Act/
Lnty 1ax
0.60 Aoo|nona| Comm|ss|one,
Cutac|
0.09 l? 0/-08
Centa| Sa|es 1ax Act / Centa| Sa|es 0.4S C|ssa l|g| Cout, Cutac| 0.4S l? 04-0S
Loca| Sa|es 1ax Act/ 1ax 0.48 Leouty Comm|ss|one,
Commec|a| 1ax, Cutac|
0.14 l? 0S-06
Lnty 1ax 0.24 Leouty Comm|ss|one,
Commec|a| 1ax, 8ou|e|a
0.1S l? 06-0/
C|amsga| State Covt.
Law
Lnegy
Leveo|oment Cess
183.19 lonouab|e Suoeme Cout llL l? 04-0S to
12-13
uus|ness 8 Ct|e
Constucnon wo|es
we|ae cess Act, 1996
Cess 2.94 C|ssa l|g| Cout, Cutac| 0.0S l?s 08-13
lncome 1ax Act, 1961 lncome 1ax 11.38 lunab ano layana l|g| Cout llL A? 04-0S
1/6.86 lncome 1ax Aooe||ate 1|buna|,
lew Le|||
2.90 A? 0S-06 to
08-09
4./S Comm|ss|one o lncome 1ax
(Aooe|as), 8o|ta|
llL A? 0S-06 8 0/-08
139
Standalone
10. 1|e Comoany ooes not |ave accumu|ateo |osses as at t|e
eno o t|e nanc|a| yea. 1|ee ae no cas| |osses ou|ng t|e
nanc|a| yea ano |n t|e |mmeo|ate|y oeceo|ng nanc|a| yea.
11. Accoo|ng to t|e |nomanon ano exo|ananons g|ven to
us ano as oe t|e boo|s ano ecoos exam|neo by us, t|e
Comoany |as not oeau|teo |n eoayment o oues to any
nanc|a| |nsntunon o ban| o oebentue |o|oes.
12. Accoo|ng to t|e |nomanon ano exo|ananons g|ven to us,
t|e Comoany |as not ganteo any |oans ano aovances on
t|e bas|s o secu|ty by way o o|eoge o s|aes, oebentues
ano ot|e secu|nes.
13. 1|e Comoany ooes not a|| w|t||n t|e categoy o C||t uno /
l|o|| / Mutua| uenet uno / Soc|ety ano |ence t|e e|ateo
eoonng equ|ements o t|e Coe ae not aoo||cab|e.
14. Accoo|ng to t|e |nomanon ano exo|ananons g|ven to us,
t|e Comoany |s not oea||ng o tao|ng |n s|aes, secu|nes,
oebentues ano ot|e |nvestments ano |ence t|e e|ateo
eoonng equ|ements o t|e Coe ae not aoo||cab|e.
1S. 1|e Comoany |as g|ven guaantees aga|nst |oans ta|en
by ot|es om ban|s ano nanc|a| |nsntunons, t|e tems
ano cono|nons o suc| guaantees ae not, o|ma ac|e,
oeuo|c|a| to t|e |nteest o t|e Comoany.
16. ln ou oo|n|on ano accoo|ng to t|e |nomanon ano
exo|ananons g|ven to us, t|e tem |oans a|seo ou|ng t|e
yea by t|e Comoany |ave been aoo||eo o t|e ouoose
o w||c| t|e sa|o |oans wee obta|neo, w|ee t|e |enoes
|ave snou|ateo suc| eno use.
1/. Accoo|ng to t|e |nomanon ano exo|ananons g|ven to us
ano as oe t|e boo|s ano ecoos exam|neo by us, on an
ovea|| exam|nanon o t|e ua|ance S|eet o t|e Comoany,
t|e unos a|seo by t|e Comoany on s|ot-tem bas|s |ave
not been aoo||eo o |ong-tem |nvestment.
18. 1|e Comoany |as not maoe any oeeenna| a||otment o
s|aes to oanes ano comoan|es coveeo |n t|e eg|ste
ma|nta|neo unoe secnon 301 o t|e Comoan|es Act, 19S6.
19. Accoo|ng to t|e |nomanon ano exo|ananons g|ven to us
ano on t|e bas|s o t|e ecoos exam|neo by us, t|e Comoany
|as ceateo necessay secu|nes o t|e oebentues |ssueo
|n ea||e yeas.
20. 1|e Comoany |as not a|seo any money by way o oub||c
|ssue ou|ng t|e yeas.
21. Lu|ng t|e couse o ou exam|nanon o t|e boo|s ano
ecoos o t|e Comoany ca|eo out |n accooance w|t|
t|e genea||y acceoteo auo|nng oacnces |n lno|a, we |ave
ne|t|e come acoss any |nstance o auo on o by t|e
Comoany, nonceo ano eooteo ou|ng t|e yea, no |ave
we been |nomeo o suc| case by t|e management.
lo S. S. KOTHARI MEHTA & COMPANY
C|ateeo Accountants
K. K. Tulshan
l|ace : lew Le||| latne
Late : 2St| Ao||, 2013 Membes||o lo. 8S033
140
Balance Sheet
as at 31st March, 2013

(` |n Coe)
arncu|ars Note No.
As at
31st March, 2013
As at
31st March, 2012
I. EQUITY AND LIABILITIES
(1) Shareholders Funds
(a) S|ae cao|ta| 3 93.48 93.48
(b) 8eseves ano suo|us 4 12,2S4.S9 10,/S1.93
(2) Non-Current L|ab|||nes
(a) Long-tem boow|ngs S 11,860.92 8,493.92
(b) Leeeo tax ||ab|||nes (let) 31 1,214.96 1,06/.81
(c) Ct|e |ong-tem ||ab|||nes 6 S60.S8 141.24
(o) Long-tem oov|s|ons / 20.94 18./2
(3) Current L|ab|||nes
(a) S|ot-tem boow|ngs 8 /,640.02 S,8/8.S4
(b) 1aoe oayab|es 9 628.20 998.31
(c) Ct|e cuent ||ab|||nes 10 2,S84.39 3,661.S3
(o) S|ot-tem oov|s|ons 11 2,9S1.8S 2,4S2.63
Total 39,809.93 33,558.11
II. ASSETS
(1) Non-Current Assets
(a) l|xeo assets
(|) 1ang|b|e assets 12 14,142.18 11,S32.30
(||) lntang|b|e assets 12 14.01 16./1
(|||) Cao|ta| wo|-|n-oogess 12 11,466.12 10,4/9.86
(|v) lntang|b|e assets unoe oeve|ooment 1/.82 14.10
(b) lon-cuent |nvestments 13 1,330./2 1,412.1/
(c) Long tem |oans ano aovances 14 1,22S.46 99/.10
(o) Ct|e non-cuent assets 1S 0.SS 4.63
(2) Current Assets
(a) lnvento|es 16 3,S98.S2 3,0S1.31
(b) 1aoe ece|vab|es 1/ 1,426.13 90S.06
(c) Cas| ano ban| ba|ances 18 36.// 30.94
(o) S|ot-tem |oans ano aovances 19 S,943.S4 4,806.29
(e) Ct|e cuent assets 20 608.11 30/.64
Total 39,809.93 33,558.11
S|gn|cant Accounnng lo||c|es 1 8 2
1|e notes eeeo to above om an |ntega| oat o nanc|a| statements
ln tems o ou eoot o even oate lo 8 on be|a| o t|e uoao
For S. S. Kothari Mehta & Co. Naveen Jindal Ravi Uppal
C|ateeo Accountants C|a|man Manag|ng L|ecto 8 CLC
l|m 8eg|stanon lo. 000/S6l Lll: 00001S23 Lll: 0002S9/0
K. K. Tulshan Anand Goel Sushil K Maroo
latne !o|nt Manag|ng L|ecto Leouty Manag|ng L|ecto
Membes||o lo. 8S033 Lll: 0000163S Lll: 000S4101
l|ace : lew Le||| K. Rajagopal T. K. Sadhu
Lateo: 2St| Ao||, 2013 Couo ClC 8 L|ecto Comoany Secetay
141
Standalone
(` |n Coe)
arncu|ars Note No.
Year ended
31st March, 2013
Year ended
31st March, 2012
REVENUE
8evenue om ooeanons (goss) 21 16,88S.84 14,/41.81
Less: Lxc|se outy 1,931.14 1,40/.86
8evenue om ooeanons (net) 14,9S4./0 13,333.9S
Ct|e |ncome 22 1S9.28 184.48
Total Revenue 15,113.98 13,518.43
EXPENSES
Cost o mate|a|s consumeo 23 4,943.30 4,S29.84
luc|ase o stoc|-|n-taoe 24 286.S8 4S2./S
C|anges |n |nvento|es o n|s|eo gooos, wo|-|n-oocess ano stoc|-
|n-taoe
2S (148.20) (3/9.24)
Lmo|oyee benets exoense 26 44/.89 38S.44
l|nance costs 2/ 820.// S36.//
Leoec|anon ano amonsanon exoense 1,048.46 86/.19
Ct|e exoenses 28 S,486.68 4,282.6/
Total Expenses 12,885.48 10,675.42
roht before tax 2,228.50 2,843.01
1ax exoense:
(1) Cuent tax 488.80 S42.88
(2) Leeeo tax 14/.1S 189.48
63S.9S /32.36
roht for the year 1,592.55 2,110.65
Lan|ngs oe equ|ty s|ae o ace va|ue o ` 1 eac| 32
(1) uas|c (|n `) 1/.04 22.S8
(2) L||uteo (|n `) 1/.04 22.S8
S|gn|cant Accounnng lo||c|es 1 8 2
Statement of roht and Loss
for the year ended 31st March, 2013
142
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
A. CASn INILCW](CU1ILCW) IkCM CLkA1ING AC1IVI1ILS
NET PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS
2,228.50 2,843.01
Aoustment o:
Leoec|anon 1,048.46 86/.19
Loss on sa|e o Aovances/lnvestment |n Subs|o|a|es 233.03 16/.20
Loss on Sa|e o lnvestments - 0.04
Loss / (lot) on Sa|e o l|xeo Assets (4.03) (S./3)
lot on Sa|e o lnvestments (2.4/) (0.44)
L|v|oeno lncome (130.06) (130.06)
L|ab|||ty / lov|s|ons no |onge equ|eo w|ten bac| (1.13) (/.89)
lov|s|on o o|mun|non |n lnvestments w|ten o 341.09 (11.S4)
uao Lebts/lov|s|on o Loubuu| oebts - 0.10
Lmo|oyees Comoensanon Lxoenses unoe Lmo|oyees Stoc| Conon Sc|eme - (0.83)
lnteest Lxoense 820.// S36.//
Cperanng roht before Work|ng Cap|ta| Changes 4,534.16 4,257.82
Aoustment o:
lnvento|es (S4/.21) (84/.19)
1aoe 8ece|vab|es (S21.0/) (16/.94)
Ct|e Cuent Assets (903.01) (393.S4)
lncome 1ax oa|o (S04.36) (S60.61)
Ct|e Cuent L|ab|||nes (1,03/.03) 61S.S2
Net Cash Inow](Cuu|ow) from Cperanng Acnv|nes 1,021.48 2,904.06
B. CASn INILCW](CU1ILCW) IkCM INVLS1MLN1 AC1IVI1ILS
Cao|ta| Lxoeno|tue (3,962.91) (S,122.82)
Sa|e loceeos o l|xeo Assets 28.20 SS.44
L|v|oeno ece|veo - 24/.11
Loans 8 Aovances (99.S9) 208.9S
lnteest 8ece|veo S/.34 S2./3
(lncease) / Lecease |n lnvestments (490.19) (306.04)
S|ae aoo||canon money g|ven 100.62 (128.21)
Net Cash Inow](Cuu|ow) from Invesnng Acnv|nes (4,366.53) (4,992.84)
Cash Flow Statement
143
Standalone
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
C. CASn INILCW](CU1ILCW) IkCM IINANCING AC1IVI1ILS
State Sa|es 1ax Subs|oy 30.63 38.92
lssue o Lqu|ty S|aes - 3.84
vo||ng Cao|ta| uoow|ngs om uan|s 1,/61.49 1,/96.SS
loceeos om Ct|e uoow|ngs 9,20S.21 4,9/9.9/
8eoayment/Aoustment o boow|ngs (S,921.39) (3,S0S.3/)
L|v|oeno la|o (|nc|uo|ng tax t|eeon) (161./3) (141./4)
lnteest ano nanc|a| exoenses (1,SS9.03) (1,099.SS)
Net Cash Inow](Cuu|ow) from I|nanc|ng Acnv|nes 3,355.18 2,072.62
NET CHANGES IN CASH & CASH EQUIVALENTS (A+B+C) 10.13 (16.15)
Cash & Cash equivalents (Opening Balance) 13.38 29.53
Cash & Cash equivalents (Closing Balance) 23.51 13.38
Cash Flow Statement
144
1. OVERVIEW
!|noa| Stee| 8 lowe L|m|teo w||c| commenceo
ooeanons |n t|e yea 1991 |s one o t|e lno|a's |eao|ng
stee| ooouces w|t| s|gn|cant oesence |n secto |||e
m|n|ng, oowe geneanon ano |nastuctue. lt |s ||steo on
t|e lanona| Stoc| Lxc|ange o lno|a ano uombay Stoc|
Lxc|ange |n lno|a. lts bus|ness |s soeao acoss lno|a ano
oveseas. 1|e coooate omce |s s|tuateo |n lew Le|||
ano t|e manuactu|ng o|ants |n lno|a ae |n t|e states o
C||amsga|, Co|s|a, !|a||ano etc. 1|e Comoany |as
g|oba| oesence |n Austa||a, uotswana, C||na, L|be|a,
Mau|tan|a, Mozamb|que, Maoagasca, lnoones|a, Sout|
A|ca, Su|tanate o Cman, 1anzan|a ano .amb|a. 1|ee ae
sevea| bus|ness |n|nanves unn|ng s|mu|taneous|y acoss
connnents.
2. SIGNIFICANT ACCOUNTING POLICIES
|) 8as|s of reparanon of I|nanc|a| Statements
1|e nanc|a| statements ae oeoaeo unoe t|e
||sto|ca| cost convennon, on go|ng concen bas|s
ano |n tems o t|e Accounnng Stanoaos noneo
by Comoan|es (Accounnng Stanoaos) 8u|es,
2006 |n como||ance w|t| Secnon 211(3C) o t|e
Comoan|es Act, 19S6. 1|e Comoany o||ows t|e
mecann|e system o accounnng ano ecogn|ses
|ncome ano exoeno|tue on accua| bas|s to t|e
extent measuab|e ano w|ee t|ee |s ceta|nty o
u|nmate ea||sanon o |ncomes. Accounnng oo||c|es
not soec|ca||y eeeo to ot|ew|se ae cons|stent
ano |n consonance w|t| t|e genea||y acceoteo
accounnng o|nc|o|es |n lno|a.
ii) Use of Esnmates
1|e oeoaanon o nanc|a| statements |n
conom|ty w|t| genea||y acceoteo accounnng
o|nc|o|es equ|es management to ma|e esnmates
ano assumonons t|at aect t|e eooteo amount
o assets ano ||ab|||nes ano o|sc|osue o connngent
||ab|||nes ano comm|tments at t|e eno o t|e
eoonng oe|oo ano esu|ts o ooeanons ou|ng
t|e eoonng oe|oo. A|t|oug| t|ese esnmates ae
baseo uoon t|e management's best |now|eoge
o cuent events ano acnons, actua| esu|ts cou|o
o|e om t|ese esnmates. L|eence between t|e
actua| esu|t ano esnmates ae ecogn|seo |n t|e
oe|oo |n w||c| t|e esu|ts ae |nown/mate|a||seo.
|||) I|xed Assets - Deprec|anon and Amornsanon
a) Tangible Assets
1ang|b|e Assets ae stateo at cost |ess
accumu|ateo oeoec|anon ano |moa|ment
|osses, | any. Costs |nc|uoe costs o
acqu|s|nons o constucnons, |nc|uo|ng
|nc|oenta| exoenses t|eeto ano ot|e
at|butab|e costs o b|ng|ng t|e asset to |ts
wo||ng cono|non o |ts |ntenoeo use ano ae
net o ava||ab|e outy/tax ceo|ts.
b) Intangible Assets
lntang|b|e assets ae ecogn|seo |n accooance
w|t| t|e c|te|a |a|o oown |n Accounnng
Stanoao (AS-26), w|eeas t|ey ae seoaate|y
|oennab|e, measuab|e ano t|e Comoany
conto|s t|e utue benets a|s|ng out o
t|em. lntang|b|e assets ae stateo at cost |ess
amonsanon ano |moa|ment |osses, | any.
c) Capital Work-|n-Progress
Lxoeno|tue e|ateo to ano |ncueo ou|ng
|mo|ementanon o new/exoans|on-cum-
mooen|sanon ooects |s |nc|uoeo unoe
cao|ta| wo|-|n-oogess ano t|e same |s
a||ocateo to t|e esoecnve tang|b|e asset on
como|enon o |ts constucnon/eecnon.
d) Intangible Assets under Development
M|nes oeve|ooment exoeno|tue |ncueo
|n esoect o new |on oe/coa| ano |||ew|se
m|nes |s s|own unoe 'lntang|b|e assets
unoe oeve|ooment' ano amonseo ove a
oe|oo o ten yeas stanng om t|e yea o
commencement o commec|a| oooucnon o
t|e utue exoecteo extacnon oe|oo o t|e
eseves baseo on actua| extacnon n|| oate,
w||c|eve |s s|ote.
e) Deprec|anon and Amornsanon
Leoec|anon on tang|b|e assets |s oov|oeo
on sta|g|t-||ne met|oo (SLM) at t|e ates
ano |n t|e manne soec|eo |n Sc|eou|e
xlv to t|e Comoan|es Act, 19S6. Lease|o|o
|ano |s amonseo ove t|e oe|oo o |ease.
ln t|e case o assets w|ee |moa|ment |oss
|s ecogn|seo, t|e ev|seo cay|ng amount
|s oeoec|ateo ove t|e ema|n|ng esnmateo
useu| ||e o t|e asset.
Ceta|n o|ant ano mac||ney |ave been
cons|oeeo as connnuous oocess o|ant
on t|e bas|s o tec|n|ca| assessment ano
oeoec|anon on t|e same |s oov|oeo o
accoo|ng|y.
lntang|b|e Assets ae amonseo on sta|g|t-
||ne met|oo ove t|e exoecteo ouanon o
benets not exceeo|ng ten yeas.
iv) Impairment of Assets
1|e cay|ng amount o assets |s ev|eweo o
|moa|ment at eac| ba|ance s|eet oate w|eeve
events o c|anges |n c|cumstances |no|cate t|at
Notes
Lo Lhe nanclal sLaLemenLs as aL and for Lhe year ended 31sL March, 2013
145
Standalone
t|e cay|ng amount may not be ecoveab|e. An
|moa|ment |oss |s ecogn|seo o t|e amount o
w||c| t|e asset's cay|ng amount exceeos |ts
ecoveab|e amount be|ng t|e ||g|e o t|e assets
net se|||ng o|ce ano |ts va|ue |n use. va|ue |n use |s
baseo on t|e oesent va|ue o t|e esnmateo utue
cas| fows e|anng to t|e asset. lo t|e ouoose
o assess|ng |moa|ment, assets ae gouoeo at
t|e |owest |eve|s o w||c| t|ee ae seoaate|y
|oennab|e cas| fows (|.e. cas| geneanng un|ts).
lev|ous|y ecogn|seo |moa|ment |osses ae
eveseo w|ee t|e ecoveab|e amount |nceases
because o avoab|e c|anges |n t|e esnmates
useo to oetem|ne t|e ecoveab|e amount s|nce
t|e |ast |moa|ment was ecogn|seo. A evesa| o
an asset's |moa|ment |oss |s ||m|teo to |ts cay|ng
amount t|at wou|o |ave been oetem|neo (net o
oeoec|anon o amonsanon) |ao no |moa|ment
|oss been ecogn|seo |n o|o yeas.
v) Accounnng for Leases
a) l|nance |ease |s ecogn|seo as an asset ano
a ||ab|||ty to t|e |esso at a| va|ue at t|e
|nceonon o t|e |ease.
b) 1|e |ease oayments unoe ooeanng |ease
as oe esoecnve |ease ageements ae
ecogn|seo as exoense |n t|e statement o
oot ano |oss baseo on t|e nme oaten o
t|e usage benet ove t|e |ease tem.
vi) Borrowing Cost
uoow|ng cost e|ateo to a qua||y|ng asset |s wo|eo
out on t|e bas|s o actua| un||sanon o unos out
o ooect soec|c |oans ano/o ot|e boow|ngs
to t|e extent |oennab|e w|t| t|e qua||y|ng asset
ano |s cao|ta||seo w|t| t|e cost o qua||y|ng asset.
Ct|e boow|ng costs |ncueo ou|ng t|e oe|oo
ae c|ageo to statement o oot ano |oss.
v||) Segment kepornng
a) Idennhcanon of Segments
Primary Segment
1|e Comoany's ooeanng bus|nesses ae
ogan|seo ano manageo seoaate|y accoo|ng
to t|e natue o oooucts manuactueo
ano sev|ces oov|oeo, w|t| eac| segment
eoesennng a stateg|c bus|ness un|t t|at
oes o|eent oooucts.
Secondary Segment
1|e geogao||ca| segments |ave been
|oenneo baseo on t|e |ocanons o t|e
customes: w|t||n lno|a ano outs|oe lno|a.
b) Inter-Segment Transfers
1|e Comoany accounts o |nte-segment
sa|es ano tanses as | t|e sa|es o tanses
wee to t||o oanes at cuent ma|et o|ces.
loweve, |nte segment tanses o caonve/
cao|ta| consumonon |s as oe CAS-4 (Cost
Accounnng Stanoao-4).
c) A||ocanon of Common Costs
Common a||ocab|e costs ae a||ocateo to eac|
segment on easonab|e bas|s.
d) Unallocated Items
lt |nc|uoes genea| aom|n|stanve exoenses,
Coooate ano ot|e omce exoenses ano
|ncome t|at a|se at t|e enteo|se |eve| ano
e|ate to enteo|se as a w|o|e, ano w||c| ae
not a||ocab|e to any bus|ness segment.
e) Segment Policies
1|e Comoany oeoaes |ts segment
|nomanon |n conom|ty w|t| t|e accounnng
oo||c|es aoooteo o oeoa|ng ano oesennng
t|e nanc|a| statements o t|e Comoany as a
w|o|e.
v|||) Va|uanon of Inventor|es
8aw mate|a|s ano stoes 8 soaes ae va|ueo at
|owe o cost, comouteo on we|g|teo aveage bas|s
o net ea||sab|e va|ue. Cost |nc|uoes t|e ouc|ase
o|ce as we|| as |nc|oenta| exoenses. Scao |s va|ueo
at esnmateo ea||sab|e va|ue. loweve |n case o
aw mate|a|s, comoonents, stoes 8 soaes |e|o
o use |n t|e oooucnon o n|s|eo gooos ae not
w|ten oown be|ow cost | t|e n|s|eo oooucts ae
exoecteo to be so|o at o above cost.
vo|-|n-oocess |s va|ueo at |owe o esnmateo cost
o net ea||sab|e va|ue ano n|s|eo gooos ae va|ueo
at |owe o we|g|teo aveage cost o net ea||sab|e
va|ue. Cost o t||s ouoose |nc|uoes o|ect cost ano
aoooo|ate aom|n|stanve ano ot|e ove|eaos.
let ea||sab|e va|ue |s t|e esnmateo se|||ng o|ce
|n t|e oo|nay couse o bus|ness, |ess esnmateo
costs o como|enon ano esnmateo costs necessay
to ma|e t|e sa|e.
ix) Inter-Division Transfers
lnte-o|v|s|on tanse o gooos, as |noeoenoent
ma|etab|e oooucts ooouceo by va|ous o|v|s|ons
o caonve consumonon, |s accounteo o at
aooox|mate oeva|||ng ma|et o|ce. 1|e same |s
s|own as a conta |tem |n t|e statement o oot ano
|oss. Any unea||seo oot on unso|o/unconsumeo
stoc|s |s e||m|nateo w|||e va|u|ng t|e |nvento|es.
1|e va|ue o suc| |nte-o|v|s|ona| tanse |s neteo
Notes
146
o om sa|es ano ooeanona| |ncome ano exoenses
unoe cost o mate|a|s consumeo ano ot|e
exoenses.
lnte-o|v|s|ona| tanse/caonve consumonon e|ateo
to xeo assets |s at cost.
x) Iore|gn Currency 1ransacnons
loe|gn cuency tansacnons ae ecooeo at
t|e ate o exc|ange oeva|||ng at t|e oate o t|e
tansacnon. Monetay oe|gn cuency assets ano
||ab|||nes ae tans|ateo at t|e yea-eno exc|ange
ates ano esu|tant ga|ns / |osses ae ecogn|seo |n
t|e statement o oot 8 |oss o t|e yea, exceot
to t|e extent t|at t|ey e|ate to (a) new ooects
n|| t|e oate o cao|ta||sanon w||c| ae ca|eo
to cao|ta| wo|-|n-oogess ano t|ose e|anng to
tang|b|e assets w||c| ae aousteo to t|e cay|ng
cost o t|e esoecnve assets, ano (b) exc|ange
o|eence a|s|ng on t|e |oans oov|oeo to oe|gn
subs|o|a|es be|ng non-|ntega| oe|gn ooeanons |s
accumu|ateo |n oe|gn cuency tans|anon eseve.
ln case o owao oe|gn exc|ange contacts,
exc|ange o|eences ae oea|t w|t| |n t|e statement
o oot 8 |oss ove t|e ||e o t|e contact exceot
t|ose e|anng to tang|b|e assets |n w||c| case t|ey
ae cao|ta||seo w|t| t|e cost o esoecnve tang|b|e
assets. lon-monetay oe|gn cuency |tems ae
ca|eo at ||sto|ca| cost.
xi) Investments
lnvestments t|at ae eao||y ea||sab|e ano |ntenoeo
to be |e|o o not moe t|an a yea ae c|ass|eo
as cuent |nvestments. A|| ot|e |nvestments ae
c|ass|eo as |ong-tem |nvestments. lon-cuent
|nvestments ae ca|eo at cost. lov|s|on |s maoe
w|en, |n t|e oo|n|on o t|e management, o|m|nunon
|n t|e va|ue o |nvestment |s ot|e t|an temooay |n
natue. 1|e eoucnon |n cay|ng amount |s eveseo
w|en t|ee |s a |se |n va|ue o |nvestments o | t|e
eason o t|e eoucnon no |onge ex|sts. Cuent
|nvestments ae ca|eo at t|e |owe o cost o
ma|et / a| va|ue.
x||) kevenue kecogn|non
a) 8evenue om sa|e o gooos |s ecogn|seo on
tanse o s|gn|cant |s|s ano ewaos o
ownes||o to t|e buye.
b) Coss 8evenue om ooeanons como|ses
o sa|e o oooucts ano ot|e ooeanng
|ncome w||c| a|so |nc|uoes exoot |ncennves
ano av|anon |ncome. 'let 8evenue om
ooeanons', net o exc|se outy ano lnte-
o|v|s|ona| tanse |s a|so o|sc|oseo seoaate|y.
c) Sa|es ae |nc|us|ve o exc|se outy but net o
etuns, ebates, vA1 ano sa|es tax. looucts
etuneo ae accounteo o |n t|e yea o
etun.
d) Lxoot sa|es ae accounteo o on t|e bas|s o
t|e oate o b||| o |ao|ng/a|ways b|||.
e) Lxoot benets ava||ab|e unoe t|e Lxoot
lmoot oo||cy o t|e Covenment o lno|a ae
accounteo o |n t|e yea o exoot, to t|e
extent measuab|e.
f) lncome om av|anon ano ot|e sev|ces |s
accounteo o at t|e nme o como|enon o
sev|ce ano b||||ng t|eeo.
xiii) Other Income
a) Claims Receivable
1|e quantum o accua|s |n esoect o c|a|ms
ece|vab|e suc| as om 8a||ways, lnsuance,
L|ect|c|ty, Customs, Lxc|se ano t|e |||e ae
accounteo o on accua| bas|s to t|e extent
t|ee |s ceta|nty o u|nmate ea||sanon.
b) Income from Investment
lncome om lnvestment |s accounteo o on
accua| bas|s w|en t|e |g|t to ece|ve |ncome
|s estab||s|eo.
x|v) Lxc|se Duty
Lxc|se Luty ||ab|||ty on n|s|eo gooos manuactueo
ano |y|ng |n t|e actoy |s accounteo o ano t|e
coesoono|ng amount |s cons|oeeo o va|uanon
t|eeo.
xv) Lmp|oyee 8enehts
Lxoenses 8 ||ab|||nes |n esoect o emo|oyee
benets ae ecooeo |n accooance w|t| Accounnng
Stanoao (AS)-1S - 'Lmo|oyee uenets'.
a) Provident Fund
1|e Comoany cont|butes to Covenment
aom|n|steeo uno as we|| as lov|oent uno
1ust. 1|e |nteest ate oayab|e by t|e tust
to benec|a|es evey yea |s be|ng noneo
by Covenment. 1|e Comoany ma|es gooo
oec|ency, | any, |n t|e |nteest ate oec|aeo
by t|e tust v|s-a-v|s statutoy ate.
b) Gratu|ty
Catu|ty |s a oost emo|oyment benet ano |s
|n t|e natue o a oeneo benet o|an. 1|e
||ab|||ty ecogn|seo |n t|e ua|ance S|eet |n
esoect o gatu|ty |s t|e oesent va|ue o
t|e oeneo benet/ob||ganon at t|e ua|ance
S|eet oate |ess t|e a| va|ue o o|an assets,
toget|e w|t| aoustment o unecogn|seo
actua|a| ga|ns o |osses ano oast sev|ce costs.
1|e oeneo benet/ob||ganon |s ca|cu|ateo
at o nea t|e ua|ance S|eet oate by an
|noeoenoent Actuay us|ng t|e ooecteo un|t
Notes
147
Standalone
ceo|t met|oo. Actua|a| ga|ns o |osses ae
|mmeo|ate|y ecogn|seo |n t|e statement o
oot 8 |oss ano not oeeeo.
c) Compensated Absences
L|ab|||ty |n esoect o comoensateo absences
oue o exoecteo to be ava||eo w|t||n one yea
om t|e ua|ance S|eet oate |s ecogn|seo
on t|e bas|s o uno|scounteo va|ue o
esnmateo amount equ|eo to be oa|o o
esnmateo va|ue o benet exoecteo to be
ava||eo by t|e emo|oyees. L|ab|||ty |n esoect
o comoensateo absences becom|ng oue o
exoecteo to be ava||eo moe t|an one yea
ae t|e ua|ance S|eet oate |s esnmateo on
t|e bas|s o an actua|a| va|uanon oeomeo
by an |noeoenoent Actuay us|ng t|e
ooecteo un|t ceo|t met|oo.
d) Cther Short 1erm 8enehts
Lxoense |n esoect o ot|e s|ot tem
benets |s ecogn|seo on t|e bas|s o t|e
amount oa|o o oayab|e o t|e oe|oo ou|ng
w||c| sev|ces ae enoeeo by t|e emo|oyee.
xvi) Research and Development Expenditure
8eseac| ano Leve|ooment exoeno|tue not u||||ng
t|e ecogn|non c|te|a as set out |n Accounnng
Stanoao (AS-26) 'lntang|b|e Assets' |s c|ageo
to t|e statement o oot ano |oss w|||e cao|ta|
exoeno|tue |s aooeo to t|e cost o xeo assets |n
t|e yea |n w||c| |t |s |ncueo.
xvii) Taxes on Income
lov|s|on o cuent tax |s maoe cons|oe|ng
va|ous a||owances ano benets ava||ab|e to t|e
Comoany unoe t|e oov|s|ons o t|e lncome 1ax
Act, 1961.
ln accooance w|t| Accounnng Stanoao (AS-22)
'Accounnng o 1axes on lncome', oeeeo taxes
esu|nng om nm|ng o|eences between boo|
ano tax oots ae accounteo o at t|e tax ate
substannve|y enacteo by t|e ua|ance S|eet oate to
t|e extent t|e nm|ng o|eences ae exoecteo to be
cysta|||seo. Leeeo tax assets ae ecogn|seo ano
ev|eweo at eac| ua|ance S|eet oate to t|e extent
t|ee |s easonab|e/v|tua| ceta|nty o ea||s|ng suc|
assets aga|nst utue taxab|e |ncome.
M|n|mum A|tenate 1ax (MA1) ceo|t |s ecogn|seo
as an asset on|y w|en ano to t|e extent t|ee |s
conv|nc|ng ev|oence t|at t|e Comoany w||| oay
noma| |ncome tax ou|ng t|e soec|eo oe|oo.
xviii) Provisions, Connngent L|ab|||nes,
Comm|tments and Connngent Assets
lov|s|ons ae ecogn|seo o oesent ob||ganons o
unceta|n nm|ng o amount a|s|ng as a esu|t o a
oast event w|ee a e||ab|e esnmate can be maoe
ano |t |s oobab|e t|at an ouu|ow o esouces
embooy|ng econom|c benets w||| be equ|eo to
set|e t|e ob||ganon. v|ee |t |s not oobab|e t|at an
ouu|ow o esouces embooy|ng econom|c benets
w||| be equ|eo o t|e amount cannot be esnmateo
e||ab|y, t|e ob||ganon |s o|sc|oseo as a connngent
||ab|||ty ano comm|tments, un|ess t|e oobab|||ty o
|s emote.
loss|b|e ob||ganons, w|ose ex|stence w||| on|y be
conmeo by t|e occuence o non-occuence o
one o moe unceta|n events, ae a|so o|sc|oseo
as connngent ||ab|||nes ano comm|tments un|ess
t|e oobab|||ty o ouu|ow o esouces embooy|ng
econom|c benets |s emote. Connngent assets ae
ne|t|e ecogn|seo no o|sc|oseo |n t|e nanc|a|
statements.
xix) Earnings Per Share
1|e ean|ngs cons|oeeo |n asceta|n|ng t|e
Comoany's ean|ngs oe s|ae (LlS) como|se
o t|e net oot ae tax at|butab|e to equ|ty
s|ae|o|oes. 1|e numbe o s|aes useo |n
comounng bas|c LlS |s t|e we|g|teo aveage numbe
o s|aes outstano|ng ou|ng t|e oe|oo aousteo
o events o bonus |ssue oost oe|oo eno, bonus
e|ements |n |g|t |ssue to ex|snng s|ae|o|oes,
s|ae so||t, ano evese s|ae so||t (conso||oanon o
s|aes). 1|e o||uteo LlS |s ca|cu|ateo on t|e same
bas|s as bas|c LlS, ae aousnng o t|e eect o
ootenna| o||unve equ|ty s|aes un|ess |moact |s ann-
o||unve.
xx) Financial Der|vanves
lowao contacts, ot|e t|an t|ose enteeo |nto
to |eoge oe|gn cuency |s| on unexecuteo
m comm|tments o ||g||y oobab|e oecast
tansacnons, ae teateo as oe|gn cuency
tansacnons ano accounteo o as oe Accounnng
Stanoao (AS-11) '1|e Lects o C|anges |n loe|gn
Lxc|ange 8ates'. Lxc|ange o|eences a|s|ng on
suc| contacts ae ecogn|seo |n t|e oe|oo |n w||c|
t|ey a|se.
A|| ot|e oe|vanve contacts, |nc|uo|ng owao
contacts enteeo |nto to |eoge oe|gn cuency/
|nteest ate |s| on unexecuteo m comm|tments
ano ||g||y oobab|e oecast tansacnons, ae
ecogn|seo |n t|e nanc|a| statements at a|
va|ue at eac| eoonng oate, |n ousuance o
t|e announcement o 1|e lnsntute o C|ateeo
Accountants o lno|a (lCAl) on Accounnng o
Le|vanves.
xxi) Cash and Cash Equivalents
Cas| ano cas| equ|va|ents cons|st o cas|, ban|
ba|ances |n cuent ano s|ot-tem ||g||y ||qu|o
|nvestments t|at ae eao||y convenb|e to cas| w|t|
o|g|na| matu|nes o t|ee mont|s o |ess at t|e
nme o ouc|ase.
Notes
148
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
3. SHARE CAPITAL
Authorised
2,00,00,00,000 (lev|ous yea 2,00,00,00,000) Lqu|ty S|aes o ` 1 eac| 200.00 200.00
200.00 200.00
Issued, Subscr|bed and Iu||y a|d-up
93,48,33,818 (lev|ous yea 93,48,33,818) Lqu|ty S|aes o ` 1 eac| 93.48 93.48
Total Share Capital 93.48 93.48
(a) keconc|||anon of the number of shares outstand|ng at the beg|nn|ng and at the end of therepornng
period
arncu|ars No. of Shares No. of Shares
Lqu|ty S|aes outstano|ng at t|e beg|nn|ng o t|e yea 93,48,33,818 93,42,69,031
Aoo: Lqu|ty S|aes |ssueo unoe Lmo|oyees Stoc| Conon Sc|eme - S,64,/8/
Lqu|ty S|aes outstano|ng at t|e c|ose o t|e yea 93,48,33,818 93,48,33,818
b) 1erms]r|ghts auached to equ|ty shares
1|e Comoany |as on|y one c|ass o equ|ty s|aes |av|ng oa va|ue o ` 1 oe s|ae. Lac| |o|oe o equ|ty s|ae |s ennt|eo
to one vote oe s|ae. 1|e Comoany oec|aes o|v|oenos |n lno|an uoees. 1|e o|v|oeno ooooseo by t|e uoao o L|ectos
|s subect to t|e aooova| o t|e S|ae|o|oes |n t|e ensu|ng Annua| Cenea| Meenng.
Lu|ng t|e yea enoeo 31st Mac|, 2013, t|e amount o oe s|ae o|v|oeno ooooseo, subect to aooova| o s|ae|o|oes
|n annua| genea| meenng, o o|st|bunon to equ|ty s|ae|o|oes |s ` 1.60 (lev|ous ?ea ` 1.60)
ln t|e event o ||qu|oanon o t|e Comoany, t|e |o|oes o equ|ty s|aes w||| be ennt|eo to ece|ve assets o t|e Comoany.
1|e o|st|bunon w||| be |n oooonon to t|e numbe o equ|ty s|aes |e|o by t|e s|ae|o|oes.
c) Aggregate number of bonus shares |ssued, shares |ssued for cons|deranon other than cash and shares
bought back dur|ng the per|od of hve years |mmed|ate|y preced|ng the repornng date:
Lu|ng ve yeas |mmeo|ate|y oeceeo|ng 31st Mac|, 2013, t|e Comoany |as not a||oteo any equ|ty s|aes as u||y oa|o-
uo ousuant to contacts o cons|oeanon ot|e t|an cas|.
Lu|ng ve yeas |mmeo|ate|y oeceeo|ng 31st Mac|, 2013, t|e Comoany |as not boug|t bac| any equ|ty s|aes.
Lu|ng t|e yea enoeo 31st Mac|, 2010, t|e Comoany a||oteo //,S6,S1,S30 equ|ty s|aes as u||y oa|o bonus s|aes by
cao|ta||s|ng secu|nes oem|um eseve.
ln aoo|non t|e Comoany a||oteo t|e o||ow|ng equ|ty s|aes ou|ng t|e oeceo|ng ve yeas unoe |ts va|ous Lmo|oyees
Stoc| Conon Sc|emes (note no:-3 be|ow)
Dur|ng the year ended No. of Shares
31st Mac|, 2013 -
31st Mac|, 2012 S,64,/8/
31st Mac|, 2011 30,34,949
31st Mac|, 2010 9,29,869
31st Mac|, 2009 6,91,343
31st Mac|, 2008 -
Total 52,20,948
Notes
149
Standalone
d) Deta||s of shareho|ders ho|d|ng more than S shares |n the Company
Name of the Shareholder As at 31st March, 2013 As at 31st March, 2012
No. of Shares % holding No. of Shares % holding
Lqu|ty Shares of ` 1 each fu||y pa|d
Cagan lnaenegy L|m|teo 6,69,S4,060 /.16 6,69,S4,060 /.16
Coe||na l|nance ano lnvestment L|m|teo /,98,38,960 8.S4 /,98,38,960 8.S4
Sun lnvestment L|m|teo 8,69,/8,940 9.30 8,69,/8,940 9.30
As oe ecoos o t|e Comoany, |nc|uo|ng |ts eg|ste o s|ae|o|oes/membes ano ot|e oec|aanons ece|veo om
s|ae|o|oes egao|ng benec|a| |nteest, t|e above s|ae|o|o|ng eoesents bot| |ega| ano benec|a| ownes||o o s|aes.
e) Forfeited Shares
lusuant to t|e eso|unon oasseo at t|e exta
oo|nay genea| meenng oateo 4t| Seotembe,
2009, t|e Comoany ec|ass|eo t|e aut|o|seo
s|ae cao|ta| o t|e Comoany by cance||anon o
1,00,00,000 leeence S|aes o ` 100 eac| ano
s|mu|taneous ceanon o 1,00,00,00,000 es| Lqu|ty
S|aes o ` 1 eac| ano |nceaseo t|e aut|o|seo
s|ae cao|ta| to ` 2,00,00,00,000.
Consequent|y, t|e Comoany |ao cance||eo
20,00,000 oeeence s|aes o ` 100 eac|( ` S oa|o
uo) w||c| wee oee|teo ea||e. uoon cance||anon
o suc| s|aes, t|e amount o ` 1,00,00,000 was
tanseeo to Cenea| 8eseve.
f) Shares Reserved for Issue under Opnons
1|e oeta||s o s|aes eseveo o |ssue unoe
Lmo|oyee stoc| oonon (LSCl) o|an o t|e Comoany
ae as unoe:
1|e Lmo|oyees Stoc| Conon Sc|eme - 200S (LSCS-
200S) was aoooveo by t|e s|ae|o|oes o t|e
Comoany |n t|e| Annua| Cenea| Meenng |e|o
on 2St| !u|y, 200S ano amenoeo by s|ae|o|oes
on 2/t| Seotembe, 2006. unoe LSCS-200S, a
max|mum o 11,00,000 (L|even |acs) equ|ty s|aes
o ` S/- eac| cou|o be ganteo to t|e emo|oyees
o t|e Comoany ano |ts subs|o|ay Comoany(|es).
ln-o|nc|o|e aooova| om lanona| Stoc| Lxc|ange
o lno|a L|m|teo (lSL) ano uombay Stoc| Lxc|ange
L|m|teo (uSL) was g|ven on 1st lebuay, 2006. A
Comoensanon Comm|tee was consntuteo by t|e
uoao o L|ectos o t|e Comoany |n t|e| meenng
|e|o on 12t| May, 200S o t|e aom|n|stanon o
LSCS-200S. unoe LSCS-200S, t|e Comoensanon
Comm|tee |as ganteo stoc| oonons as o||ows :-
a) 8,S9,400 (L|g|t |acs y n|ne t|ousano ou
|unoeo) stoc| oonons on 26t| lovembe,
200S at an exec|se o|ce o ` 1,014/- oe
s|ae (Se|es -1) w||c| wou|o vest ae 2 yeas
om t|e oate o gant to t|e extent o S0
(lat 1), ae 3 yeas om t|e oate o gant
to t|e extent o 2S (lat 2) ano ae 4 yeas
om t|e oate o gant to t|e extent o 2S
(lat 3),
b) 1,29,SS0 (Cne |ac twenty n|ne t|ousano
ve |unoeo y) stoc| oonons on 2no
Seotembe, 2006 at an exec|se o|ce o
` 1,121/- oe s|ae (Se|es - ll) w||c| wou|o
vest ae 2 yeas om t|e oate o gant to
t|e extent o S0 (lat 1), ae 3 yeas om
t|e oate o gant to t|e extent o 2S (lat 2)
ano ae 4 yeas om t|e oate o gant to t|e
extent o 2S (lat 3), ano
c) 1,36,9S0 (Cne |ac t||ty s|x t|ousano n|ne
|unoeo y) stoc| oonons on 2/t| Ao||,
200/ at an exec|se o|ce o ` 1,819/- oe
s|ae (Se|es - lll) w||c| wou|o vest ae 2
yeas om t|e oate o gant to t|e extent o
S0 (lat 1), ae 3 yeas om t|e oate o
gant to t|e extent o 2S (lat 2) ano ae 4
yeas om t|e oate o gant to t|e extent o
2S (lat 3).
lusuant to C|ause S.3 () o SLul (Lmo|oyees
Stoc| Conon Sc|eme ano Lmo|oyees Stoc|
luc|ase Sc|eme) Cu|oe||nes, 1999 ano oaa
18 o t|e Lmo|oyees Stoc| Conon Sc|eme
- 200S o t|e Comoany, t|e Comoensanon
Comm|tee |s aut|o|seo to ma|e a a| ano
easonab|e aoustment to t|e numbe o
oonons ano to t|e exec|se o|ce |n esoect o
oonons ganteo to t|e emo|oyees unoe t|e
Sc|eme |n case o coooate acnons suc| as
|g|t |ssue, bonus |ssue, mege etc.
Cn 2/t| Lecembe, 200/, sub-o|v|s|on o t|e ace
va|ue o eac| equ|ty s|ae o t|e Comoany om
Notes
150
` S/- to S equ|ty s|aes o ` 1/- eac| was aoooveo
by t|e s|ae|o|oes |n t|e| Cenea| Meenng.
1|eeae, t|e Comoensanon Comm|tee |as, |n
|ts meenng |e|o on 2/t| !anuay, 2008, maoe an
aoustment to t|e exec|se o|ce by eouc|ng |t |n
case o Se|es l to ` 203/- Se|es ll to ` 22S/- ano
Se|es lll to ` 364/- oe equ|ty s|ae o ` 1/- eac|
ano to t|e numbe o oonons by |nceas|ng |t S nmes
t|e o|g|na| gant consequent to w||c| t|e numbe
o max|mum oonons t|at cou|o be |ssueo unoe t|e
Lmo|oyees Stoc| Conon Sc|eme-200S |nceaseo
to SS,00,000 (l|y ve |acs) [o|g|na||y 11,00,000
(L|even |acs)]
1|eeae, t|e o||ow|ng a||otments o equ|ty s|aes
wee maoe unoe LSCS-200S on t|e exec|se o
oonons:-
a) 6,91,343 (S|x |acs n|nety one t|ousano t|ee
|unoeo oty t|ee) equ|ty s|aes o ` 1/-
eac| wee a||oteo on 16t| !une, 2008 on
exec|se o oonons ganteo unoe lat 1 o
Se|es l o LSCS-200S,
b) S/,136 (l|y seven t|ousano one |unoeo
t||ty s|x) equ|ty s|aes o ` 1/- eac| wee
a||oteo on 13t| Ao||, 2009 on exec|se o
oonons ganteo unoe lat 1 o Se|es ll o
LSCS-200S,
c) 4,20,48/ (lou |acs twenty t|ousano ou
|unoeo e|g|ty seven) equ|ty s|aes o
` 1/- eac| wee a||oteo on 21st !u|y, 2009 on
Se|es l o LSCS-200S.
1|e ema|n|ng 43,31,034 (loty t|ee |acs
t||ty one t|ousano t||ty ou) equ|ty
s|aes o ` 1/- eac| wee ava||ab|e o
a||otment unoe LSCS -200S ae t|e above 3
a||otments.
Cn 4t| Seotembe, 2009, |ssue o S equ|ty s|aes
o ` 1/- eac| as bonus s|aes on eac| ex|snng
equ|ty s|ae o t|e Comoany was aoooveo by t|e
s|ae|o|oes |n t|e| Cenea| Meenng ano on 19t|
Seotembe, 2009, u||y oa|o-uo bonus s|aes wee
a||oteo.
1|eeae, ousuant to c|ause S.3 () o SLul
(Lmo|oyees Stoc| Conon Sc|eme ano Lmo|oyees
Stoc| luc|ase Sc|eme) Cu|oe||nes, 1999 ano oaa
18 o t|e Lmo|oyees Stoc| Conon Sc|eme - 200S o
t|e Comoany, t|e Comoensanon Comm|tee |as, |n
|ts meenng |e|o on 31st Cctobe, 2009 maoe t|e
o||ow|ng aoustments:-
a) 1|e numbe o unexec|seo oonons ano
oonons yet to be ganteo |s |nceaseo by
S nmes consequent|y |nceas|ng t|e numbe
o unexec|seo oonons ano oonons yet to be
ganteo om 43,31,034 (loty t|ee |acs t||ty
one t|ousano t||ty ou) to 2,S9,86,204 (1wo
coe y n|ne |acs e|g|ty s|x t|ousano two
|unoeo ou),
b) 1|e o|ce o unexec|seo oonons was eouceo
|n case o Se|es l to ` 34/-, Se|es ll to ` 38/-
ano Se|es lll to ` 61/- oe equ|ty s|ae o
` 1/- eac|.
ln-o|nc|o|e aooova| o ||snng o aoo|nona|
2,16,SS,1/0 (1wo coe s|xteen |acs y
ve t|ousano one |unoeo seventy) equ|ty
s|aes wee obta|neo om lSL ano uSL.
1|eeae, t|e o||ow|ng a||otments o equ|ty
s|aes wee maoe unoe LSCS-200S on
exec|se o oonons:-
4,S2,246 (lou |acs y two t|ousano two
|unoeo oty s|x) equ|ty s|aes o ` 1/-
eac| wee a||oteo on 30t| !anuay, 2010 on
exec|se o oonons ganteo unoe oat 1 o
Se|es lll o LSCS-200S.
2,S2,006 (1wo |acs y two t|ousano s|x)
equ|ty s|aes o ` 1/- eac| wee a||oteo
on 13t| Ao||, 2010 on exec|se o oonons
ganteo unoe oat 2 o Se|es ll o LSCS-200S.
24,S6,922 (1wenty ou |acs y S|x t|ousano
n|ne |unoeo twenty two) equ|ty s|aes o
` 1/- eac| wee a||oteo on 23o !une, 2010
on exec|se o oonons ganteo unoe oat 3 o
Se|es l o LSCS-200S.
3,26,021 (1|ee |acs twenty S|x t|ousano
twenty one) equ|ty s|aes o ` 1/- eac| wee
a||oteo on 1st lebuay, 2011 on exec|se o
oonons ganteo unoe oat 2 o Se|es lll o
LSCS-200S.
2,40,S64 (1wo |acs oty t|ousano ve
|unoeo s|xty ou) equ|ty s|aes o ` 1/- eac|
wee a||oteo on 14t| Ao||, 2011 on exec|se
o oonons ganteo unoe oat 3 o Se|es ll o
LSCS-200S.
3,24,223 (1|ee |acs twenty ou t|ousano
two |unoeo twenty t|ee) equ|ty s|aes o
` 1/- eac| wee a||oteo on 12t| Lecembe,
2011 on exec|se o oonons ganteo unoe
oat 3 o Se|es lll o LSCS-200S.
Notes
151
Standalone
1|e Leta||s o LSCS-200S ae as unoe:
arncu|ars ESOS-2005
Series-I Series-II Series-III
1 Cant l|ce - 8uoees 34 38 61
2 Cant Late 26t| lovembe, 200S 2no Seotembe, 2006 2/t| Ao||, 200/
3 vesnng commences on 26t| lovembe, 200/ 2no Seotembe, 2008 2/t| Ao||, 2009
4 vesnng Sc|eou|e S0 o gant on 26t|
lovembe, 200/,
subsequent 2S o gant
on 26t| lovembe, 2008
ano ba|ance 2S o gant
S0 o gant on 2no
Seotembe, 2008,
on 2no Seotembe, 2009
on 2no Seotembe, 2010
S0 o gant on 2/t|
Ao||, 2009, subsequent
2S o gant on 2/t|
Ao||, 2010 ano ba|ance
2S o gant on 2/t|
Ao||, 2011
S Conon ganteo ano outstano|ng at
t|e beg|nn|ng o t|e yea
- - -
6 Conon ganteo ou|ng t|e yea
(oue to bonus s|aes)
- - -
/ Conon |aoseo ano/o w|t|oawn
ou|ng t|e oe|oo
- - -
8 Conon exec|seo ou|ng t|e yea
aga|nst w||c| s|aes wee a||oteo
- - -
9 Conons ganteo ano outstano|ng at
t|e eno o t|e yea o w||c|
- - -
- Conons vesteo
- Conons yet to be vest
( ` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
4. RESERVES AND SURPLUS
a) Sa|es 1ax Subs|dy]Cap|ta| keserve
As oe |ast nanc|a| statements 23/.6/ 198./S
Aoo: Lu|ng t|e yea 30.63 38.92
C|os|ng ua|ance 268.30 237.67
Cne o t|e Comoany's exoans|on un|ts at 8a|ga| (C||amsga|) |s e||g|b|e o sa|es tax exemonon ow|ng to |ts |nvestment
|n cao|ta| assets unoe t|e State |noust|a| oo||cy w||c| a|ms towaos t|e obecnve o |noust|a||sanon o t|e State ano
oeve|ooment o bac|wao aeas. 1|e oe|oo o exemonon |s ||n|eo to t|e quantum o |nvestment. 1|e Comoany |as been
aov|seo t|at t|e e|ement o sa|es tax |nc|uoeo |n t|e sa|es o|ce o oooucts so|o out o t||s un|t |s |n t|e natue o sa|es
tax subs|oy ganteo by t|e State Covenment. Accoo|ng|y, t|e same amounnng to ` 30.63 coe (lev|ous yea ` 38.92
coe) |as been ceo|teo ou|ng t|e yea to Sa|es 1ax Subs|oy 8eseve Account. 1|e cumu|anve amount ceo|teo to Sa|es 1ax
Subs|oy 8eseve account uo to 31st Mac|, 2013 |s ` 266./4 coe (lev|ous yea ` 236.11 coe).
b) Cap|ta| kedempnon keserve
As oe |ast nanc|a| statements /0.00 /0.00
Aoo: Lu|ng t|e yea - -
C|os|ng ua|ance 70.00 70.00
c) Secur|nes rem|um keserve
As oe |ast nanc|a| statements 122./2 118.93
Aoo: Aoo|nons ou|ng t|e yea on account o Lmo|oyees' stoc| oonon
sc|emes
- 2.83
Aoo: 1anseeo om s|ae oonons outstano|ng account - 0.96
C|os|ng ua|ance 122.72 122.72
lote no.-3 ()
Notes
152
d) Debenture kedempnon keserve
As oe |ast nanc|a| statements 2S4.00 1S1.00
Aoo: 1anseeo om Statement o lot ano Loss 12/.00 103.00
C|os|ng ua|ance 381.00 254.00
e) Share Cpnon Cutstand|ng Account
As oe |ast nanc|a| statements - 1./9
Less: 1anseeo to secu|nes oem|um eseve - (0.96)
Less: Leeeo emo|oyee stoc| comoensanon - (0.83)
C|os|ng ua|ance - -
f) Other Reserves
Centra|]State Subs|dy keserve
As oe |ast nanc|a| statements 0.12 0.12
Less: 1anse to Cenea| eseve - -
C|os|ng ua|ance 0.12 0.12
Iore|gn Currency 1rans|anon keserve
As oe |ast nanc|a| statements 139.9/ (1/.09)
Aoo: Lu|ng t|e yea 32.3/ 1S/.06
C|os|ng ua|ance 172.34 139.97
General Reserve
As oe |ast nanc|a| statements 1,180.40 960.40
Aoo: 1anseeo om statement o oot ano |oss 1/S.00 220.00
C|os|ng ua|ance 1,355.40 1,180.40
g) Surp|us |n Statement of roht and Loss
As oe |ast nanc|a| statements 8,/4/.0S /,112.01
Aoo: lot o t|e yea 1,S92.SS 2,110.6S
Less: Aoooo|anons
1anse to Lebentue 8eoemonon 8eseve 12/.00 103.00
1anse to Cenea| 8eseve 1/S.00 220.00
loooseo o|v|oeno on equ|ty s|aes (amount oe s|ae
` 1.60, oev|ous yea ` 1.60)
149.S/ 149.46
Coooate tax on ooooseo o|v|oeno 3.32 3.1S
Net Surp|us |n the statement of roht and Loss 9,884.71 8,747.05
Total Reserves & Surplus 12,254.59 10,751.93
1|e Comoany |as maoe a oov|s|on o ` 3.32 coe net o evesa| o ` n|| (lev|ous yea ` 3.1S coe net o evesa|
o ` 0.02 coe) o Coooate o|v|oeno tax on t|e amount o o|v|oeno ooooseo o t|e yea enoeo 31st Mac|, 2013
ae cons|oe|ng t|e set-o o |nte|m o|v|oeno oec|aeo by a subs|o|ay comoany o t|e same nanc|a| yea, as oe t|e
oov|s|ons o secnon 11S-C o t|e lncome 1ax Act, 1961.
ln t|e yea 2010-11, o|v|oeno ooooseo e|anng to t|e s|aes unoe LSCS was maoe on t|e bas|s o oonons vesteo but
not exec|seo n|| t|e eno o t|e nanc|a| yea. lov|s|on maoe |n esoect o oonons |aoseo ano not exec|seo |n t|e yea
2011-12 |ao been aousteo w|t| t|e o|v|oeno ooooseo o t|e yea enoeo on 31st Mac|, 2012.
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
4. kLSLkVLS AND SUkLUS (CCN1D.)
Notes
153
Standalone
Notes
(` |n Coe)
arncu|ars
Non-Current ornon Current ornon
31st March, 2013 31st March, 2012 31st March, 2013 31st March, 2012
5. LCNG1LkM 8CkkCWINGS
a) Secured Long-term Borrowings
i) Debentures
9.80 Secueo 8eoeemab|e lon
Convenb|e Lebentues o
` 10,00,000 eac|
1,000.00 1,000.00 - -
(l|vate|y o|aceo |n|na||y w|t| L|e
lnsuance Coooanon o lno|a)
` 10,00,000 eac|
62.00 62.00 - -
(l|vate|y o|aceo |n|na||y w|t| Sul
L|e lnsuance Comoany L|m|teo)
8.S0 Secueo 8eoeemab|e lon
` 10,00,000 eac|
2S.00 2S.00 - -
(l|vate|y o|aceo |n|na||y w|t|
lClCl Lombao Cenea| lnsuance
Comoany L|m|teo)
` 10,00,000 eac|
/S.00 /S.00 - -
lClCl luoenna| L|e lnsuance
Comoany L|m|teo)
` 10,00,000 eac|
S00.00 S00.00 - -
(l|vate|y o|aceo |n|na||y w|t| L|e
lnsuance Coooanon o lno|a)
1,662.00 1,662.00 - -
ii) 1erm Loans from 8anks 8,S64.21 4,696.69 8S0.80 316.9/
iii) Cther Loans from 8anks 149.92 1//.32 - -
8,714.13 4,874.01 850.80 316.97
Secured Long-term Borrowings 10,376.13 6,536.01 850.80 316.97
154
DEBENTURES
|) Lebentues o ` 1,000 coe o|aceo |n|na||y w|t| L|e
lnsuance Coooanon o lno|a on o|vate o|acement bas|s
ae eoeemab|e at oa |n 2 equa| annua| |nsta|ments at
t|e eno o 9.S ano 10.S yeas om t|e oate o esoecnve
a||otments |.e. ` 100 coe (12t| Cctobe, 2009),
` 1S0 coe (22no Cctobe, 2009), ` 1S0 coe (24t|
lovembe, 2009), ` 1S0 coe (24t| Lecembe, 2009), `
1S0 coe (2St| !anuay, 2010), ` 1S0 coe (19t| lebuay,
2010) ano ` 1S0 coe (26t| Mac|, 2010). 1|e oebentues
ae secueo on oa|-oassu c|age bas|s by way o motgage
o |mmovab|e oooenes ano |yoot|ecanon o movab|e
xeo assets ceateo/to be ceateo on t|e 6x13S Mv lowe
l|ant loect at Angu|, Co|s|a |n avou o t|e Lebentue
1ustees.
||) Lebentues o|aceo |n|na||y w|t| Sul L|e lnsuance Comoany
L|m|teo on o|vate o|acement bas|s ae eoeemab|e at oa |n
S equa| annua| |nsta|ments commenc|ng om t|e eno o 8
yeas om t|e oate o a||otment |.e. 29t| Lecembe, 2009.
1|e oebentues ae secueo on oa| oassu bas|s by way
o motgage o |mmovab|e oooenes ano |yoot|ecanon
o movab|e assets ceateo/to be ceateo on t|e 6x13S
Mv lowe l|ant loect at Angu|, Co|s|a |n avou o t|e
Lebentue 1ustees.
|||) Lebentues o|aceo |n|na||y w|t| lClCl Lombao Cenea|
lnsuance Comoany L|m|teo on o|vate o|acement bas|s
ae eoeemab|e at oa at t|e eno o S yeas om t|e oate
o a||otment |.e. 3o Lecembe, 2009. 1|e oebentues
ae secueo on oa|-oassu bas|s by way o motgage o
|mmovab|e oooenes ano |yoot|ecanon o movab|e xeo
assets o t|e Comoany |n avou o t|e Lebentue 1ustees.
|v) Lebentues o|aceo |n|na||y w|t| lClCl luoenna| L|e
lnsuance Comoany L|m|teo on o|vate o|acement bas|s
ae secueo on oa|-oassu bas|s by way o motgage o
|mmovab|e oooenes ano |yoot|ecanon o movab|e xeo
assets o t|e Comoany |n avou o t|e Lebentue 1ustees.
v) Lebentues o ` S00 coe o|aceo |n|na||y w|t| L|e
lnsuance Coooanon o lno|a on o|vate o|acement
bas|s ae eoeemab|e at oa |n 2 equa| annua|
|nsta|ments at t|e eno o 9.S ano 10.S yeas om t|e
oate o esoecnve a||otments |.e. ` 100 coe (24t|
August, 2009), ` 80 coe (8t| Seotembe, 2009),
` 80 coe (8t| Cctobe, 2009), ` 80 coe (9t| lovembe,
2009), ` 80 coe (8t| Lecembe, 2009) ano ` 80 coe (8t|
!anuay, 2010) . 1|e oebentues ae secueo on oa|-oassu
c|age bas|s by way o motgage o |mmovab|e oooenes
ano |yoot|ecanon o movab|e xeo assets o t|e Comoany
|n avou o t|e Lebentue 1ustees.
TERM LOANS
Secur|ty
|) Loans o ` 9/.98 coe (lev|ous yea ` 1/6.S4 coe) ae
secueo by exc|us|ve c|age on xeo assets ceateo unoe
Stee| exoans|on ooect at 8a|ga|, C||amsga|,
||) Loans o ` 104.04 coe (lev|ous yea ` 1S0.40 coe) ae
l|ate M||| ooect at 8a|ga|, C||amsga|,
|||) Loans o ` 42.86 coe (lev|ous yea ` //.14 coe) ae
3x2S Mv lowe l|ant at 8a|ga|, C||amsga|,
|v) Loans o ` 2/99.40 coe (lev|ous yea ` l||) ae secueo
by exc|us|ve c|age on xeo assets ceateo/to be ceateo
unoe t|e L8l ooect at Angu|, Co|s|a,
v) Loans o ` 609.S9 coe (lev|ous yea ` 698.4/ coe) ae
2x13S Mv lowe l|ant (l|ase - 1) at Longamau|a, 8a|ga|,
C||amsga|,
v|) Loans o ` 680.2S coe (lev|ous yea ` 4S0.00 coe)
ae secueo by exc|us|ve c|age on xeo assets ceateo/
to be ceateo unoe 2x13S Mv lowe l|ant (l|ase - 2) at
Longamau|a, 8a|ga|, C||amsga|,
v||) Loans o ` 3,1S4.SS coe (lev|ous yea ` 1,841.10 coe)
ae secueo by exc|us|ve c|age on xeo assets ceateo/to
be ceateo unoe 1.6 M1lA lntegateo Stee| l|ant ano 1.S
M1lA l|ate M||| ooect at Angu|, Co|s|a,
v|||) Loans o ` 1,692.20 coe (lev|ous yea ` 1,3/0.00 coe)
ae secueo/to be secueo by exc|us|ve c|age on xeo
assets ceateo/to be ceateo unoe 6x13S Mv lowe l|ant
loect at Angu|, Co|s|a,
|x) Loan o ` 234.14 coe (lev|ous yea ` 2S0.00 coe)
ae secueo by subsev|ent c|age on xeo assets o t|e
Comoany.
8eoayments ano lnteest ates o t|e above 1em Loans ae as o||ows:
Year 2013-14 2014-15 2015-16 2016-17 & Above
Amount (` |n Coe) 8S0.80 1434.23 13S6.99 S,//2.99
1|e |nteest ate o t|e above tem |oans va|es om 8.41 to 13.2S o.a
Notes
155
Standalone
OTHER LOANS
Secur|ty
|) Loans o ` 9S./S coe (lev|ous yea ` 13S.SS coe) ae
Secueo by |yoot|ecanon by way o st c|age on stoc|s
o n|s|eo gooos, aw mate|a|, wo| |n oogess, stoes
ano soaes ano boo| oebts ano secono c|age |n esoect
o ot|e movab|e ano |mmovab|e assets, t|e c|age on
|mmoveab|e assets be|ng an umbe||a c|age uoto ` 46/.S0
coe to secue cas| ceo|t om ban|s ano ot|e |oans as
oe note 8 (a).
||) Loans o ` S4.1/ coe (lev|ous yea ` 41.// coe) ae
secueo by |yoot|ecanon o boo| oebts ano stoc|s.
(` |n Coe)
arncu|ars
b) Unsecured Long-term Borrowings
i) Term Loans
Unsecured Term Loans from
Banks
Ct|e Loans 428.09 /84.91 - -
Unsecured Loans from Others
l|xeo Leoos|ts om oub||c - 6.08 S.94 31.14
428.09 790.99 5.94 31.14
ii) Other Loans & Advances
Lxtena| Commec|a| uoow|ngs 1,0S6./0 1,166.92 118.S4 993./S
Unsecured Long-term
Borrowings
1,484.79 1,957.91 124.48 1,024.89
11,860.92 8,493.92 975.28 1,341.86
Amount o|sc|oseo unoe ot|e-
cuent L|ab|||nes [lote no.-10 (a)]
- - (969.34) (1,341.86)
Amount o|sc|oseo unoe s|ot tem
boow|ngs [lote no.-8 (b)(|v)]
- - (S.94) -
Total Long-term Borrowings 11,860.92 8,493.92 - -
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
6. C1nLk LCNG1LkM LIA8ILI1ILS
a) Others
Secu|ty Leoos|ts ano Aovances S60.S8 141.24
1ota| Cther Long-term L|ab|||nes 560.58 141.24
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
7. LCNG1LkM kCVISICNS
rov|s|on for Lmp|oyee 8enehts
Catu|ty 11.S8 8.34
Ct|e oeneo benet o|ans {lote no.-33(b)] 9.36 10.38
Total Long-term Provisions 20.94 18.72
Notes
156
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
b) Unsecured Short-term Borrowings
i) Irom 8anks
S|ot 1em Loans 1,80/.99 2S/.21
Ct|e Loans 1,/61.24 2,20/.S6
3,569.23 2,464.77
ii) Other Loans 1,12S.00 220.00
iii) Loans and Advances from ke|ated arnes
lnte Coooate Leoos|ts (om subs|o|ay) {lote no. -36(b)] 1,/38.S6 2,486.S6
iv) Fixed Deposits from Public S.94 -
Unsecured Short-term Borrowings 6,438.73 5,171.33
Total Short-term Borrowings 7,640.02 5,878.54
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
9. TRADE PAYABLES
1aoe layab|es 628.20 998.31
1ota| 1rade ayab|es 628.20 998.31
1|e Comoany |as so a not ece|veo |nomanon om venoos egao|ng t|e| status unoe t|e M|co, Sma|| ano Meo|um Lnteo|ses
(Leve|ooment) Act, 2006 ano |ence o|sc|osue e|anng to amounts unoa|o as at t|e yea-eno toget|e w|t| |nteest oa|o / oayab|e
unoe t||s Act |ave not been g|ven.
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
8. SnCk11LkM 8CkkCWINGS
a) Secured Short-term Borrowings
Irom 8anks
Cas| Ceo|t om uan|s S04.49 44/.63
Ct|e Loans 696. 80 2S9.S8
Secured Short-term Borrowings 1,201.29 707.21
Cash Cred|t from 8anks
Secueo by |yoot|ecanon by way o st c|age on stoc|s o n|s|eo gooos, aw mate|a|, wo| |n oogess, stoes ano soaes ano
boo| oebts ano secono c|age |n esoect o ot|e movab|e ano |mmovab|e assets, t|e c|age on |mmoveab|e assets be|ng an umbe||a
c|age uoto ` 46/.S0 coe to secue ot|e |oans om ban|s as oe note S(a)(|||) ano ot|e |oans unoe note 8(a). 1|e cas| ceo|t |s
eoayab|e on oemano.
Other Loans
|) Loans o ` 201.43 coe (lev|ous yea ` 2S9.S8 coe) ae Secueo by |yoot|ecanon by way o st c|age on
stoc|s o n|s|eo gooos, aw mate|a|, wo| |n oogess, stoes ano soaes ano boo| oebts ano secono c|age |n esoect o ot|e
movab|e ano |mmovab|e assets, t|e c|age on |mmoveab|e assets be|ng an umbe||a c|age uoto ` 46/.S0 coe to secue ot|e
|oans om ban|s as oe note S(a)(|||) ano cas| ceo|t om ban|s unoe note 8(a).
||) Loans o ` 29S.3/ coe (lev|ous yea n||) ae secueo by |yoot|ecanon o boo| oebts ano stoc|s.
|||) Loans o ` 200.00 coe (lev|ous yea n||) ae secueo by sbsev|ent c|age by way o |yoot|ecanon o cuent assets.
Notes
157
Standalone
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
10. OTHER CURRENT LIABILITIES
a) Cuent matu|nes o |ong-tem oebts 969.34 1,341.86
b) lnteest accueo but not oue on boow|ngs 30.90 4S.84
c) lnvesto Loucanon 8 lotecnon luno
unoa|o o|v|oeno /.S0 16.S0
unoa|o matueo oeoos|ts ano |nteest accueo 0.8/ 1.SS
d) Ct|e layab|es
Statutoy oues S48.94 4/2.01
Aovance om custome ano ot|es 282.36 289./3
Secu|ty oeoos|ts ano aovances 1S.40 13.01
Ceo|tos o cao|ta| exoeno|tue 392.98 936.00
Cutstano|ng ||ab|||nes o exoenses 220.88 S01.4/
Ct|es 11S.22 43.S6
1ota| Cther Current L|ab|||nes 2,584.39 3,661.53
1|ee |s no amount oue ano outstano|ng to be ceo|teo to lnvesto Loucanon ano lotecnon luno
ln accooance w|t| Accounnng Stanoao (AS-29) 'lov|s|ons, Connngent L|ab|||nes ano Connngent Assets' ano baseo on
management assessment, t|e Comoany |ao maoe a oov|s|on o connngenc|es on account o ounes ano taxes oayab|e unoe
va|ous |aws. At t|e beg|nn|ng o t|e nanc|a| yea, t|ee was an outstano|ng oov|s|on o ` 1S6.02 coe (lev|ous yea ` 1S6.02
coe) |nc|uoeo |n 'Ct|e layab|es' w|t| no oov|s|on/un||sanon, at t|e eno o t|e nanc|a| yea, t|ee |s an outstano|ng oov|s|on o
` 1S6.02 coe (lev|ous yea ` 1S6.02 coe).
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
11. SnCk11LkM kCVISICNS
a) rov|s|on for Lmp|oyee 8enehts
Leave Lncas|ment 60.18 S0.21
60.18 50.21
b) Other Provisions
lov|s|on lo 1axanon-lncome 1ax 2,/3/.6/ 2,248.8/
lov|s|on lo 1axanon-vea|t| 1ax 1.11 0.81
loooseo L|v|oeno 149.S/ 149.S/
Coooate 1ax Cn L|v|oeno 3.32 3.1/
2,891.67 2,402.42
Total Short-term Provisions 2,951.85 2,452.63
Notes
158
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Notes
159
Standalone
Notes
Notes:
a) Statement S|ow|ng t|e oeta||s o le-ooeanve Lxoeno|tue as at 31st Mac|, 2013
(` |n Coe)
arncu|ars Current Year Previous Year
Amount brought forward from |ast year S9/.1S 383.42
Add: Lxpenses dur|ng the ear
lesonne| Lxoenses 120./S 100.09
Consu|tancy C|ages 24.11 68.2/
l|nanc|a| Lxoenses 0.1/ 11.4/
loe|gn Lxc|ange l|uctuanons (23.8S) 2/.26
Leoec|anon 33.94 19.24
M|sce||aneous Lxoenses 133.63 143.84
885.90 753.59
Less: Cap|ta||sed as part of
l|ant 8 mac||ney 194.64 144.92
uu||o|ng 2/.S2 10.3/
Ct|e xeo assets 0.93 1.1S
Amount carried forward in CWIP 662.81 597.15
Leoec|anon ou|ng t|e yea |nc|uoes ` 33.94 coe (oev|ous yea ` 19.24 coe) tanseeo to oe-ooeanve exoenses.
b) lee|o|o |ano |nc|uoes ` S.8S coe o|nt|y owneo w|t| a comoany w|t| S0 s|ae ano oeno|ng eg|stanon.
c) Cao|ta| wo|-|n-oogess |nc|uoes ` 662.89 coe (oev|ous yea ` S9/.14 coe) be|ng oe-ooeanve exoeno|tue ano ` S8S.22
coe(oev|ous yea ` 1,0/9.40 coe) be|ng cao|ta| stoes.
o) Aoo|non to xeo assets |nc|uoes ` 11.10 coe (oev|ous yea ` 4.84 coe) ano aoo|non to cao|ta| wo|-|n-oogess |nc|uoes
` 3.24 coe (oev|ous yea ` 0.48 coe) be|ng exoeno|tue |ncueo on eseac| 8 oeve|ooment acnv|nes. 1|e cao|ta| wo|-|n-
oogess accumu|ateo ba|ance as on 31st Mac|,13 |s ` 4.0S coe (oev|ous yea ` 0.84 coe). Aoustments |nc|uoes ` 1.82 coe
o assets ea||e useo o 88L acnv|nes now tanseeo to ot|e un|ts.
e) Aoo|nons/(aoustments) to o|ant ano mac||ney/cao|ta| wo|-|n-oogess |nc|uoes aoo|non o ` 130.00 coe (oev|ous yea
aoo|non o ` 332.22 coe) on account o oe|gn exc|ange fuctuanon on |ong-tem ||ab|||nes e|anng to acqu|s|non o xeo assets
ousuant to t|e noncanons |ssueo by t|e M|n|sty o Coooate Aa|s e|anng to Accounnng Stanoao ( AS-11) '1|e Lects o
C|anges |n loe|gn Lxc|ange 8ates'.
) uoow|ng cost |ncueo ou|ng t|e yea ano cao|ta||seo |s ` 14/.S8 coe (oev|ous yea ` S0.48 coe). uoow|ng cost |ncueo
ou|ng t|e yea ano tanseeo to cao|ta| wo|-|n-oogess |s ` 429.32 coe (oev|ous yea ` 3/2.33 coe).
g) Lxoeno|tue ou|ng t|a| tun oe|oo |as been cao|ta||seo/oecao|ta|seo w|t| xeo assets as unoe
160
(` |n Coe)
Income
Sa|es 36.02 30.86
lncease/(oecease) |n stoc| - -
Total Income (A) 36.02 30.86
Less: Lxoeno|tue
8aw mate|a|s consumeo 1/.S8 -
lowe 8 ue| 2/.6S 11.94
lesonne| exoenses 1.4/ -
Stoes 8 soae oats consumeo 0.22 1.14
Ct|es 0.21 0.16
Total Expenditure (B) 47.13 13.24
(A-8) roht](Loss) dur|ng tr|a| run per|od dur|ng the current hnanc|a| year (11.11) 17.62
Decap|ta||sed](cap|ta||sed) w|th the cost of hxed assets (11.11) 17.62
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
13. NCNCUkkLN1 INVLS1MLN1S
i) Other than Trade Investments-Unquoted
a.1) Unquoted fu||y pa|d-up equ|ty shares of assoc|ated compan|es
Angu| Su||noa 8a||way L|m|teo 0.03 0.03
2S,000 (lev|ous yea 2S,000) Lqu|ty S|aes o ` 10 eac|
!u lna l|vate L|m|teo (La||e |nown as lu lna l|vate
L|m|teo)
0.98 0.00
9,80,000 (lev|ous yea 4,900) Lqu|ty S|aes o ` 10 eac|
!|noa| lnoso|unons L|m|teo - 0.02
llL (lev|ous yea 24,/S0) Lqu|ty S|aes o ` 10 eac|
la|wa Stee| 8 lowe L|m|teo 2.00 2.00
20,00,000 (lev|ous yea 20,00,000) Lqu|ty S|aes o ` 10 eac|
a.2) Unquoted part|y pa|d-up equ|ty shares of assoc|ated company
Angu| Su||noa 8a||way L|m|teo
10,49,/S,000 (lev|ous yea l||) Lqu|ty S|aes o ` 10 eac|,
` 3.02 oa|o uo)
31./1 -
Sub Total (a) 34.72 2.05
b) Unquoted fu||y pa|d-up equ|ty shares of |ncorporated [o|nt
ventures
!|noa| Synue|s L|m|teo 0./0 0./0
/,00,000 (lev|ous yea /,00,000) Lqu|ty S|aes o ` 10 eac|
S|es|t M|n|ng ano Meta|s l|vate L|m|teo 1.00 0.01
10,00,000 (lev|ous yea S,000) Lqu|ty S|aes o ` 10 eac|
Notes
161
Standalone
utan lot| M|n|ng Comoany L|m|teo S.9S 0.6/
S9,46,689 (lev|ous yea 6,66,689) Lqu|ty S|aes o ` 10 eac|
Sub Total (b) 7.65 1.38
c) Unquoted fu||y pa|d-up equ|ty shares of subs|d|ary]step down
subs|d|ary compan|es
S|y l|g| Cveesas L|m|teo 111.03 -
2,23,S0,029 (lev|ous yea l||) Lqu|ty S|aes o uS$1 eac|
!|noa| lowe L|m|teo 86/.0S 86/.0S
1,30,0S,/S,000 (lev|ous yea 1,30,0S,/S,000) Lqu|ty S|aes o
` 10 eac|

!|noa| Stee| uo||v|a S.A. 22/.84 269.4/
33,4S,600 (lev|ous yea 42,S3,S11) Lqu|ty S|aes o uo||v|anos
100 eac|

!|noa| Stee| 8 lowe (Mau|nus) L|m|teo 383.13 231.83
/,S0,00,000 (lev|ous yea S,00,00,000 ) Lqu|ty S|aes o uS$1 eac|
Atun|| lyoo L|ect|c lowe Comoany L|m|teo 0.00 0.00
1 (lev|ous yea 1) Lqu|ty S|aes o ` 10 eac|
Lta||n lyoo L|ect|c lowe Comoany L|m|teo 0.00 0.00
lama|a lyoo L|ect|c lowe Comoany L|m|teo 0.00 0.00
(La||e |nown as Subans|| lyoo L|ect|c lowe Comoany L|m|teo)
Sub Total (c) 1,589.05 1,368.35
d) Unquoted Investment |n Government and 1rust Secur|nes
lanona| Sav|ng Cencates 0.06 0.06
` 6,10,000 (lev|ous yea ` 6,10,000)
[l|eogeo w|t| Covenment oeoatments ` 0.06 coe (lev|ous
yea ` 0.06 coe)]
Sub Total (d) 0.06 0.06
e) Investment in Bonds
8.1S lClCl - 2016 uono 0.S0 0.S0
S (lev|ous yea S) un|ts o ` 10,00,000 eac|
Sub Total (e) 0.50 0.50
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
13. NCNCUkkLN1 INVLS1MLN1S (CCN1D.)
Notes
162
f) Unquoted Lqu|ty Shares
ua|amouta Cao|ta| ano l|nance L|m|teo 19.20 19.20
1,92,00,000 (lev|ous yea 1,92,00,000) Lqu|ty S|aes o ` 10
each
!|noa| lo|o|ng L|m|teo 14.48 14.48
!|noa| leto|eum L|m|teo 0.0S 0.0S
49,400 (lev|ous yea 49,400) Lqu|ty S|aes o ` 10 eac|
!|noa| 8ex Lxo|oanon l|vate L|m|teo 0.01 0.01
9,800 (lev|ous yea 9,800) Lqu|ty S|aes o ` 10 eac|
Sta|n|ess lnvestments L|m|teo 6.0S 6.0S
x-.one SLl ulL 0.04 0.04
36,2S0 (lev|ous yea 36,2S0) Lqu|ty S|aes o Ma|ays|an
8|ngg|t 1 eac|
Sub Total (f) 39.83 39.83
Less: lov|s|on o o|m|nunon |n va|ue o lnvestments (341.09) -
Total Non-current Other Investment 1,330.72 1,412.17
Total Non-current Investment 1,330.72 1,412.17
Aggegate boo| va|ue/ma|et va|ue o quoteo |nvestments - -
Aggegate boo| va|ue o unquoteo |nvestments 1,6/1.81 1,412.1/
1|e Comoany |as unquoteo |nvestments o ` 1,6/1.2S coe |n
boo|es coooate (lev|ous yea ` 1,411.61 coe).
Aggegate oov|s|on o o|m|nunon |n va|ue o |nvestments 341.09 -
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
14. LCNG1LkM LCANS & ADVANCLS
Unsecured, Considered Good
Cao|ta| Aovances 6/4.0S 629.98
Secu|ty Leoos|ts 92.63 124.63
Ct|es
S|ae aoo||canon money 96.42 19/.04
Ct|es 362.36 4S.4S
Total Unsecured Long-term Loans & Advances 1,225.46 997.10
Total Long-term Loans & Advances 1,225.46 997.10
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
Notes
163
Standalone
Notes
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
15. C1nLk NCNCUkkLN1 ASSL1S
uan| ba|ances 0.SS 4.63
Total Other Non Current Assets 0.55 4.63
l|eogeo w|t| Covenment oeoatments ano Ct|es ` 0.SS coe (lev|ous yea ` 1.04 coe)
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
16. INVENTORIES
a) Raw Materials
lnvento|es 1,2/8.34 863.13
Cooos ln tans|t 92.88 2S2.19
1,371.22 1,115.32
b) Work-|n-process
vo| |n oocess 192.93 1/9.03
192.93 179.03
c) Finished Goods
lnvento|es 1,440.S0 1,2/9.1/
1,440.50 1,279.17
d) Stores & Spares
lnvento|es SS9.29 438.69
Cooos ln 1ans|t 23.2/ 2S.96
582.56 464.65
e) Others
Scao 11.31 13.14
11.31 13.14
Total Inventories 3,598.52 3,051.31
164
Notes
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
17. TRADE RECEIVABLES
a) Unsecured
Exceeding Six Months
Cons|oeeo gooo 93./0 44.4S
Cons|oeeo ooubuu| 1.31 1.31
Less: lov|s|on o bao ano ooubuu| oebts (1.31) (1.31)
Others
Cons|oeeo gooo 1,332.43 860.61
1,426.13 90S.06
Total Unsecured Trade Receivable 1,426.13 905.06
Total Trade Receivable 1,426.13 905.06
(` |n Coe)
arncu|ars
18. CASH & BANK BALANCES
a) Cash & Cash Equivalents
Cas| on |ano - - 0.86 1.10
C|eques/Las ln |ano - - /.9S 1.60
uan| ua|ances |n cuent accounts - - 14.66 10.S0
Leoos|ts w|t| o|g|na| matu|ty o |ess
t|an t|ee mont|s
- - - 0.16
Ct|es - - 0.04 0.02
Total Cash & Cash Equivalents - - 23.51 13.38
b) Cther 8ank 8a|ances
i) 8anks w|th Larmarked 8a|ances - - - -
Lama|eo o unoa|o o|v|oeno - - /.S0 16.S0
ii) 8anks Depos|ts
Leoos|ts w|t| o|g|na| matu|ty
uoto twe|ve mont|s
- - S./6 1.06
moe t|an twe|ve mont|s
0.SS 4.63 - -
Amount o|sc|oseo unoe ot|e
non-cuent assets (lote no-1S)
(0.SS) (4.63) -
1ota| Cash & 8ank 8a|ances - - 36.77 30.94
165
Standalone
Notes
(` |n Coe)
arncu|ars
19. SnCk11LkM LCANS & ADVANCLS
a) Loans and Advances to
ke|ated arnes
unsecueo, cons|oeeo gooo - - 1,41/.48 1,41/.89
- - 1,417.48 1,417.89
b) Loans and Advances to Others
unsecueo, cons|oeeo gooo 6/4.0S 629.98 966.6S 646.08
Loubuu| - - S./6 S./6
Less: lov|s|on o ooubuu| aovances - - (S./6) (S./6)
674.05 629.98 966.65 646.08
c) Secur|ty Depos|t - - 1.60 1.21
1.60 1.21
d) Other Loans and Advances
ua|ances w|t| statutoy/
govenment aut|o|nes
- - 886.09 S/4.03
Aovance |ncome tax |nc|uo|ng 1LS - - 2,6/1./2 2,16/.08
- - 3,557.81 2,741.11
Amount o|sc|oseo unoe |ong tem
|oans 8 aovances (lote no-14)
(6/4.0S) (629.98) - -
Total Short-term Loans & Advances - - 5,943.54 4,806.29
Aovances ecoveab|e |n cas| o |n ||no o o va|ue to be ece|veo |nc|uoes l|| (lev|ous yea ` 0.69 coe) be|ng t|e amount oue
om o|ectos/omces o t|e Comoany.
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
20. OTHER CURRENT ASSETS
le-la|o exoenses 1.94 2.34
lnteest ece|vab|e on s|ot tem |oans 8 aovances 368./3 280.08
L|v|oeno ece|vab|e 130.06 -
Ct|e ece|vab|es 10/.38 2S.22
Total Other Current Assets 608.11 307.64
lnc|uo|ng ecoveab|e om e|ateo oanes
166
Notes
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
21. REVENUE FROM OPERATIONS
a) Sale of Products
l|n|s|eo gooos 16,44/.98 14,1/8.62
1aoeo gooos 281.84 439.49
lnte-o|v|s|on tanse 4,6S6.06 2,8S6.43
21,385.88 17,474.54
b) Cther Cperanng kevenues
Scao sa|e 66.08 43.8/
Lxoot |ncennves 68.91 39.61
Av|anon |ncome 1/.04 22.2S
Ct|es 3.99 1/.9/
156.02 123.70
Less: lnte-o|v|s|on tanse (4,6S6.06) (2,8S6.43)
1ota| kevenue from Cperanons 16,885.84 14,741.81
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
22. OTHER INCOME
a) Dividend income on non-current investments 130.06 130.06
[|nc|uoes ` 130.06 coe om a subs|o|ay
(lev|ous yea ` 130.06 coe)]
b) Net gain on sale of current investments 2.4/ 0.44
c) Cther non operanng |ncome
lot on sa|e/tanse o xeo assets 4.69 11.06
L|ab|||ty/oov|s|ons no |onge equ|eo, w|ten bac| 1.13 19.43
Ct|es 20.93 23.49
Total Other Income 159.28 184.48
Total Revenue 17,045.12 14,926.29
167
Standalone
Notes
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
23. COST OF MATERIALS CONSUMED
a) 8aw mate|a| consumeo 4,943.30 4,S29.84
b) lnte o|v|s|on tanse 4,6S6.06 2,8S6.43
9,S99.36 /,386.2/
Less:lnte o|v|s|on tanse (4,6S6.06) (2,8S6.43)
Total Cost of Material Consumed 4,943.30 4,529.84
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
24. UkCnASL CI S1CCkIN1kADL 286.58 452.75
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
25. CnANGLS IN INVLN1CkILS CI IINISnLD GCCDS, WCkkIN
kCCLSS AND S1CCkIN1kADL
Coen|ng Stoc| - l|n|s|eo Cooos 1,2/9.1/ 8/2.S0
- vo| |n locess 1/9.03 16S.S8
- Scao 13.14 6.S6
1,4/1.34 1,044.64
C|os|ng Stoc| - l|n|s|eo Cooos 1,440.S0 1,2/9.1/
- vo| |n locess 192.93 1/9.03
- Scao 11.31 13.14
1,644./4 1,4/1.34
NL1 (INCkLASL)]DLCkLASL IN S1CCk (173.40) (426.70)
Lxc|se outy on account o |ncease/(oecease)
on stoc| o n|s|eo gooos 2S.20 4/.46
1ota| (Increase)]Decrease |n Stock (148.20) (379.24)
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
26. EMPLOYEE BENEFITS EXPENSE
a) Sa|a|es ano vages 412.31 344.24
b) Cont|bunon to lov|oent ano ot|e unos 19.01 2/.1S
c) Lmo|oyees comoensanon exoenses unoe Lmo|oyee Stoc| Conon
Sc|eme {lote no. 4 (e)]
- (0.83)
d) Sta we|ae exoenses 16.S/ 14.88
1ota| Lmp|oyee 8enehts Lxpense 447.89 385.44
168
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
27. FINANCE COST
a) Interest Expense
Lebentues ano ot|e tem-|oans S/8.S/ 3/0./3
Ct|es 388.20 314.16
966.77 684.89
b) Less: Interest Income
lnteest on lnte-coooate oeoos|ts (112.38) (132.42)
Ct|es (33.62) (1S./0)
(146.00) (148.12)
Total Finance Cost 820.77 536.77
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
28. OTHER EXPENSES
a) Consumonon o stoes ano soaes 1,698.66 1,4S/.1/
b) Consumonon o oowe ano ue| 939.38 838.3/
c) Ct|e manuactu|ng exoenses 693.S8 2S9.66
d) 8eoa| ano Ma|ntenance
l|ant ano mac||ney 11S.24 140.99
uu||o|ng 28.94 3S.6/
Ct|es 126.68 112.99
e) 8oya|ty 18S.34 1/2.96
f) 8ent 8.34 12.2/
g) 8ates ano 1axes 21.68 16.6S
h) lnsuance 16./6 14.46
i) layment to Statutoy Auo|tos
Auo|t ees 0.S0 0.S0
1axanon mates 0.10 0.10
Comoany |aw mates - 0.03
Ct|e sev|ces 0.13 0.14
8e|mbusement o exoenses 0.08 0.0/
j) M|sce||aneous exoenses 438.61 419.0S
k) Loss a|s|ng om bus|ness |nvestment 233.03 16/.20
l) lov|s|on o o|m|nunon |n va|ue o bus|ness |nvestments 341.09 -
m) 8eseac| ano Leve|ooment exoenses 14.2S 6.46
n) Loss on sa|e/o|scao o xeo assets 0.66 S.33
o) Lonanon 41.66 8/.98
Notes
169
Standalone
p) L|ectos s|mng ees 0.18 0.08
q) Se|||ng exoenses 420.02 349.91
r) uao oebts/oov|s|on o ooubuu| oebts - 0.10
s) l|nanc|a| exoenses 9S.S8 139.0/
t) loe|gn exc|ange fuctuanon (net) 66.19 4S.46
[net o |ncome o ` 138.96 coe (lev|ous yea ` 9/.19 coe)]
Total Other Expenses 5,486.68 4,282.67
1|e Comoany |as oa|o |ease enta|s o ` 8.34 coe (oev|ous yea ` 12.2/ coe) unoe cance||ab|e ooeanng |eases. 1|ee ae no
non-cance||ab|e ooeanng |eases
Lxceonona| |tem (ee note no.34 to nanc|a| statements)
Lxoeno|tue on 8eseac| ano Leve|ooment acnv|nes, |ncueo ou|ng t|e yea, |s ` 28.S/ coe (|nc|uo|ng cao|ta| exoeno|tue o
` 14.32 coe) (oev|ous yea ` 8.9/ coe, |nc|uo|ng cao|ta| exoeno|tue o ` 2.S1 coe)
(` |n Coe)
arncu|ars
Year ended
31st March, 2013
Year ended
31st March, 2012
28. C1nLk LxLNSLS (CCN1D.)
(` |n Coe)
29. CONTINGENT LIABILITIES AND COMMITMENTS
I. Connngent L|ab|||nes not prov|ded for |n respect of:
Descr|pnon
a) Cuaantees |ssueo by t|e Comoany's uan|es on be|a| o t|e
Comoany
430.0S 3/6.02
b) Lete o ceo|t ooeneo by ban|s /86./2 628.90
c) Coooate guaantees/unoeta||ngs |ssueo on be|a| o t||o oanes. S,044.1S 3,333./9
o) L|souteo Lxc|se Luty ano Ct|e oemanos 93/.1/ /80.96
e) lutue ||ab|||ty on account o |ease ent o unexo|eo oe|oo 10.0S 13.1S
) uonos executeo o mac||ney |moots unoe LlCC Sc|eme
3,081.41

2,//3.22
g) lncome 1ax oemanos w|ee t|e cases ae oeno|ng at va|ous
stages o aooea| w|t| t|e aut|o|nes
191.94 18/./6
|) C|a|ms aga|nst t|e Comoany, not ac|now|eogeo as oebt 36.16 -
|) unca||eo ||ab|||ty towaos oat|y oa|o uo s|aes /3.2/ -
II. Commitments
Lsnmateo amount o contacts ema|n|ng to be executeo on cao|ta|
account ano not oov|oeo o (net o aovances)
2,765.83 3,104.16
30. ln t|e oo|n|on o t|e uoao, Cuent Assets, Loans ano Aovances |ave a va|ue on ea||sanon |n t|e oo|nay couse o bus|ness at
|east equa| to t|e amount at w||c| t|ey ae stateo ano oov|s|on o a|| |nown ||ab|||nes |as been maoe ano cons|oeeo aoequate.
31. a) lov|s|on o cuent |ncome tax |as been maoe cons|oe|ng va|ous benets ano a||owances ava||ab|e to t|e Comoany
unoe t|e oov|s|ons o t|e lncome 1ax Act, 1961.
b) Movement o oeeeo tax oov|s|on/aoustment |n accooance w|t| Accounnng Stanoao (AS-22) 'Accounnng o 1axes on
lncome' |s as unoe:
Notes
170
(` |n Coe)
arncu|ars
As on
1st April,
2011
Charge/
(Credit)
during 2011-12
As on
1st April,
2012
Charge/
(Credit)
dur|ng the year
As on
31st March,
2013
A. Deferred Tax Assets
a) L|sa||owance u/s 43-u o t|e
lncome 1ax Act, 1961
(100.82) (12.8/) (113.69) (2S.94) (139.63)
b) lov|s|on o ooubuu| oebts (1.S1) (0./8) (2.29) - (2.29)
c) lov|s|on o o|m|nunon |n va|ue o
bus|ness |nvestments
- - - (114.03) (114.03)
Leeeo 1ax Assets (102.33) (13.6S) (11S.98) (139.9/) (2SS.9S)
B. Deferred 1ax L|ab|||nes
a) L|eence between boo| ano tax
oeoec|anon
9/9.63 204.16 1,183./9 28/.12 14/0.91
b) M|sce||aneous Lxoeno|tue 1.03 (1.03) - - -
Deferred 1ax L|ab|||nes 980.66 203.13 1,183./9 28/.12 1,4/0.91
C. 1ota| Deferred 1ax L|ab|||nes (Net) 878.33 189.48 1,067.81 147.15 1,214.96
(` |n Coe, exceot oe s|ae oata)
32. EARNINGS PER SHARE, IN ACCORDANCE WITH ACCOUNTING
S1ANDAkD (AS-20)
lot o t|e yea ae taxanon 1,S92.SS 2,110.6S
lot at|butab|e to oo|nay s|ae|o|oes 1,S92.SS 2,110.6S
Number of Lqu|ty Shares (|n nos.)
a) lssueo ano subsc|beo 93,48,33,818 93,4S,99,380
b) lumbe o ootenna| equ|ty s|aes (unoe Lmo|oyees' stoc| oonon
sc|eme)
- -
1ota| numbe o s|aes |nc|uo|ng ootenna| equ|ty s|aes 93,48,33,818 93,4S,99,380
uas|c ean|ngs oe S|ae (`) 1/.04 22.S8
L||uteo ean|ngs oe S|ae (`) 1/.04 22.S8
(` |n Coe)
arncu|ars
Current Year Previous Year
Gratu|ty Leave
Encashment
Gratu|ty Leave
Encashment
33. EMPLOYEE BENEFITS, IN ACCORDANCE WITH
ACCCUN1ING S1ANDAkD (AS1S)
A. Gratu|ty & Leave Lncashment
l Components of Lmp|oyer Lxpense lunoeo lon-lunoeo lunoeo lon-lunoeo
1 Cuent Sev|ce Cost S.24 11.// 4.4S 8.3/
2 lnteest Cost 2.49 4.0/ 2.20 2.93
3 Lxoecteo 8etun on l|an Assets (2.0S) - (1.63) -
4 Cuta||ment Cost/ (Ceo|t) - - - -
Notes
171
Standalone
S Set|ement Cost/ (Ceo|t) - - - -
6 last Sev|ce Cost 0.6/ S.90 (1.S4) 2.14
/ Actua|a| Losses/ (Ca|ns) 1./9 (/.1/) 0.S8 4.81
8 1ota| exoense ecogn|seo |n t|e
Statement o lot ano Loss
8.14 14.S8 4.06 18.2S
II Actua| keturns for the year ended 31st
March, 2013
2.12 - 1.66 -
lll Net Assets] (L|ab|||ty) recogn|sed |n the
Balance Sheet
1 lesent va|ue o Leneo uenet
Cb||ganon
(3/.83) (60.18) (30.4S) (S0.21)
2 la| va|ue o l|an Assets 26.26 - 21.44 -
3 Status {Suo|us/(Lec|t)] (1-2) (11.S8) (60.18) (9.01) (S0.21)
4 unecogn|seo last Sev|ce Cost 0.00 - 0.6/ -
let Assets/ (L|ab|||ty) ecogn|seo |n
t|e ua|ance S|eet (3-4)
(11.S8) (60.18) (8.34) (S0.21)
IV Change |n Dehned 8eneht Cb||ganon (D8C)
lesent va|ue o LuC at t|e beg|nn|ng o t|e
yea
(30.4S) (S0.21) (26.30) (36.98)
1 Cuent Sev|ce Cost (S.24) (11.//) (4.4S) (8.3/)
2 lnteest Cost (2.49) (4.0/) (2.20) (2.93)
3 Cuta||ment Cost/(Ceo|t) - - - -
4 Set|ement Cost/ (Ceo|t) - - - -
S l|an Amenoments - (S.90) 2.21 (2.14)
6 Acqu|s|nons 0.00 - (0.02) -
/ Actua|a| (Losses)/Ca|ns (1.86) /.1/ (0.62) (4.81)
8 uenets la|o 2.21 4.61 0.93 S.03
lesent va|ue o LuC at t|e eno o
t|e yea
(3/.83) (60.18) (30.4S) (S0.21)
V Change in Fair Value of Assets
l|an Assets at t|e beg|nn|ng o t|e
yea
21.44 - 16.48 -
1 Acqu|s|non Aoustment 0.00 - 0.02 -
2 Lxoecteo 8etun on l|an Assets 2.0S - 1.63 -
3 Actua|a| (Losses)/Ca|ns 0.0/ - 0.03 -
4 Actua| Comoany Cont|bunon 4.29 - 4.21 S.03
S uenet la|o (1.60) - (0.93) (S.03)
l|an Assets at t|e eno o t|e yea 26.26 - 21.44 -
Vl Actuar|a| Assumpnons
1 L|scount 8ate () 8.00 8.00 8.S0 8.S0
2 Lxoecteo 8etun on l|an Assets () 9.00 9.00
3 Sa|ay esca|anon ate 10.00 10.00 12.00 12.00
(` |n Coe)
arncu|ars
Gratu|ty Leave
Encashment
Gratu|ty Leave
Encashment
33. EMPLOYEE BENEFITS, IN ACCORDANCE WITH
ACCCUN1ING S1ANDAkD (AS1S) (CCN1D.)
Notes
172
arncu|ars
Gratu|ty
2012-13 2011-12 2010-11 2009-10 2008-09
VII Lxper|ence n|story
1 Leneo benet ob||ganon 3/.83 (30.S) (26.3) (21.1) (9.S1)
2 l|an Assets 26.26 21.44 16.48 9.9/ /.04
3 Suo|us/(Lec|t) 11.S8 (9.01) (9.82) (11.2) (2.4/)
4 Lxoe|ence (Loss)/Ca|n on o|an ||ab|||nes (2.42) (0.62) (0.66) (0.22) 0.02
S Lxoe|ence (Loss)/Ca|n on o|an assets 0.0/ 0.03 0.12 (0.1) 0.29
6 Actua|a| (Loss)/Ca|n oue to c|ange o
assumonons
0.S6 - (1.18) 0.8/ (0.44)
arncu|ars
Leave Encashment
2012-13 2011-12 2010-11 2009-10 2008-09
1 Leneo benet ob||ganon 60.18 (S0.2) (3/) (31.9) (26.2)
2 l|an Assets - - - - -
3 Suo|us/(Lec|t) 60.18 (S0.2) (3/) (31.9) (26.2)
4 Lxoe|ence (Loss)/Ca|n on o|an
||ab|||nes
(8.26) (4.81) (1.94) 4.9 6.12
S Lxoe|ence (Loss)/Ca|n on o|an assets l.A. l.A. l.A. l.A. l.A.
assumonons
1S.42 - 2.2/ (3.9) (1.8)
B. Provident Fund
1|e Comoany cont|buteo/ oov|oeo ` 13.94 coe ano ` 22.9/ coe towaos oov|oent uno ou|ng t|e yea enoeo 31st Mac|,
2013 8 31st Mac|, 2012 esoecnve|y.
1|e Cu|oance on lmo|emennng AS 1S, Lmo|oyee uenets states t|at benets |nvo|v|ng emo|oye estab||s|eo oov|oent unos,
w||c| equ|e |nteest s|oua||s to be ecomoenseo ae to be cons|oeeo as oeneo benet o|ans. 1|e Actua|a| Soc|ety o lno|a
|as |ssueo t|e na| gu|oance o measuement o oov|oent uno ||ab|||nes. 1|e actuay |as accoo|ng|y oov|oeo a va|uanon ano
baseo on t|e be|ow assumonons maoe a oov|s|on o ` 9.36 coe as at 31st Mac|, 2013 (lev|ous ?ea ` 10.38 coe).
1|e oeta||s o uno ano o|an assets oos|non ae g|ven be|ow:
arncu|ars
As at 31st March, 2013 As at 31st March, 2012
Provident Fund Interest
Guarantee
Provident Fund Interest
Guarantee
l|an assets at oe|oo eno, at a| va|ue 214.88 1/2.63
lesent va|ue o benet ob||ganon at oe|oo eno 214.88 9.36 1/2.63 10.38
Assumonons useo |n oetem|n|ng t|e oesent va|ue ob||ganon o t|e |nteest ate guaantee unoe Letem|n|snc Aoooac|:
arncu|ars
2012-13 2014 and
thereaher
2011-12 2013 and
thereaher
Lxoecteo 8etun on assets o exemoteo
oov|oent uno
8.40 8.40 8.20 8.20
Lxoecteo guaanteeo |nteest ate 8.60 8.60 8.60 8.60
L|scount ate 8.00 8.S0
Notes
173
Standalone
34. 1|e Comoany |as ove t|e yeas, exoanoeo |ts stee|, oowe
8 m|n|ng bus|nesses, bot| |n lno|a ano |ntenanona||y.
1|e Comoany, as oat o g|oba| exoans|on o |ts coe stee|
ano m|n|ng bus|ness ano on be|ng awaoeo t|e L| Mutun
lon Ce contact (Contact") by t|e Covenment o
uo||v|a, maoe stateg|c bus|ness |nvestment |n uo||v|a,
t|oug| |ts subs|o|a|es |n uo||v|a. ln v|ew o va|ous ecent
oeve|ooments, |nc|uo|ng tem|nanon o t|e aoesa|o
Contact w|t| t|e uo||v|an Covenment, t|e enne bus|ness
|nvestment maoe by t|e Comoany |n uo||v|a |ao |moa|eo.
Cons|oe|ng t|e same, |t was oec|oeo to o|soose o 49
o suc| |nvestment |n accooance w|t| t|e tems o t|e
sa|o Contact |n ooe to oevent any ut|e bus|ness |oss.
Accoo|ng|y, |n note 28 Ct|e exoenses" |n t|e Statement
o lot ano Loss, Loss a|s|ng om bus|ness |nvestment"
o ` 233.03 coe eoesents |oss on o|soosa|, ano ` 341.09
coe, as a mate o ouoence, eoesents lov|s|on
o o|m|nunon |n t|e va|ue o bus|ness |nvestments", o
aoesa|o bus|ness |nvestments. 1|e oev|ous yea gue
eoesents |oss on ceta|n ot|e |nvestment.
35. Disclosure as Requ|red by Accounnng Standard (AS-17)
'Segment kepornng'
1|e o|may eootab|e segments ae t|e bus|ness segments
name|y lon 8 Stee| ano lowe. 1|e seconoay eootab|e
segments ae geogao||ca| segments w||c| ae baseo on
t|e sa|es to customes |ocateo |n lno|a ano outs|oe lno|a.
Segment accounnng oo||c|es ae |n ||ne w|t| t|e accounnng
oo||c|es o t|e Comoany. ln aoo|non, t|e o||ow|ng soec|c
accounnng oo||c|es |ave been o||oweo o segment
eoonng:
a) Segment evenue |nc|uoes sa|es ano ot|e |ncome
o|ect|y |oennab|e w|t|/a||ocab|e to t|e segment
|nc|uo|ng |nte-segment evenue.
b) Lxoenses t|at ae o|ect|y |oennab|e w|t|/a||ocab|e
to segments ae cons|oeeo o oetem|n|ng t|e
segment esu|ts.
c) Lxoenses/lncomes w||c| e|ates to t|e Comoany as
a w|o|e ano not a||ocab|e to segments ae |nc|uoeo
unoe Ct|e un-a||ocab|e Lxoeno|tue (net o
un-a||ocab|e lncome).
o) Segment assets ano ||ab|||nes |nc|uoe t|ose o|ect|y
|oennab|e w|t| esoecnve segments. un-a||ocab|e
assets ano ||ab|||nes eoesent t|e assets ano ||ab|||nes
t|at e|ate to Comoany as a w|o|e ano not a||ocab|e
to any segment.
(` |n Coe)
I. r|mary Segments (8us|ness Segments)
1. Segment Revenue
a) lon 8 Stee| 1S,8/S.92 14,131.34
b) lowe 2,2SS.S9 1,662./1
c) Ct|es 3/1.S/ 228.S8
Sub -1ota| (Gross) 18,503.08 16,022.63
Less : lnte-segment 8evenue 1,61/.24 1,280.82
let Segment 8evenue 16,885.84 14,741.81
2. Segment kesu|ts (roht(+) ] Loss(-) before 1ax and |nterest from each
segment)
a) lon 8 Stee| 3,231.10 3,66S.44
b) lowe 898.30 60S.31
c) Ct|es 3/.10 0.03
Sub -1ota| 4,166.50 4,270.78
Less : lnteest, nanc|a| exoenses 920.90 682.6/
Ct|e un-a||ocab|e exoeno|tue (net o un-a||ocab|e |ncome) 1,01/.10 /4S.10
lot beoe 1ax 2,228.50 2,843.01
Notes
174
(` |n Coe)
lov|s|on o 1axanon
lncome 1ax 488.80 S42.88
Leeeo 1ax 14/.1S 189.48
roL for Lhe year afer Lax 1,592.55 2,110.65
3. Cther Informanon
I Segment Assets
a) lon 8 Stee| 1/,/S3.62 14,806.02
b) lowe /,3S0.83 6,99S.18
c) Ct|es /19.28 690./3
o) un-a||ocateo Assets 13,986.20 11,066.18
Total Assets 39,809.93 33,558.11
II Segment L|ab|||nes
a) lon 8 Stee| 2,966.30 1,921.81
b) lowe 21S.84 129.14
c) Ct|es 168.2S 138.84
o) un-a||ocateo L|ab|||nes 4,616.4/ 4,/S6.0/
1ota| L|ab|||nes 7,966.86 6,945.86
III Cap|ta| Lxpend|ture (Inc|ud|ng Cap|ta| work |n progress)
a) lon 8 Stee| 3,26S.60 3,4S3./S
b) lowe 1,428./2 2,419.80
c) Ct|es S./0 13.14
Total 4,700.02 5,886.69
IV Deprec|anon & Amornsanon Lxpenses
a) lon 8 Stee| /32.90 661.9S
b) lowe 2/8.0S 168.S0
c) Ct|es 3/.S1 36./4
Total 1,048.46 867.19
V Non-Cash Lxpend|ture other than Deprec|anon
a) lon 8 Stee| - (0./3)
b) lowe - -
c) Ct|es 341.09 (11.S4)
Total 341.09 (12.27)
una||ocateo assets |nc|uoe cao|ta| wo| |n oogess e|anng to ongo|ng ooects w|t| coesoono|ng ||ab|||nes unoe una||ocateo
||ab|||nes.
(` |n Coe)
II. Secondary Segments (Geograph|ca| Segments)
1. kevenue by Geograph|ca| Market
a) India 1S,2S/.94 13,242.84
b) Cuts|oe lno|a 1,62/.90 1,498.9/
Total 16,885.84 14,741.81
2. All segments are located in India. Hence, no further disclosure is required.
Notes
175
Standalone
Notes
A. L|st of ke|ated arnes and ke|anonsh|ps
a) Subsidiaries, Step down Subsidiaries
I. Subsidiaries
1. !|noa| lowe L|m|teo
2. !|noa| Stee| uo||v|a SA
3. !|noa| Stee| 8 lowe (Mau|nus)
L|m|teo
4. S|y||g| Cveseas L|m|teo (Lemegeo
om !SlML)
II. Subsidiaries of Jindal Power Limited
1. Atun|| lyoo L|ect|c lowe Comoany
L|m|teo
2. Lta||n lyoo L|ect|c lowe Comoany
L|m|teo
3. !|noa| lyoo lowe L|m|teo
4. !|noa| lowe L|st|bunon L|m|teo
S. Amb|nous lowe 1ao|ng Comoany
L|m|teo (lome|y !|noa| lowe
1ao|ng Comoany L|m|teo)
6. !|noa| lowe 1ansm|ss|on L|m|teo
/. lama|a lyoo L|ect|c lowe Co. Lto
(lome|y Subans|| lyoo L|ect|c
lowe Comoany L|m|teo)
III. Subsidiaries of Skyhigh Overseas Limited
1. Cas to L|qu|os lntenanona| S.A
IV. Subsidiaries of Jindal Steel & Power
(Maurluus) LlmlLed
1. Lnou|ng Cveseas lnc
2. lamony Cveseas L|m|teo
3. !|n A|ca L|m|teo
4. !|noa| A|ca lnvestments (lty) L|m|teo
S. !|noa| A|ca L|be|a L|m|teo
6. !|noa| A|ca SA
/. !|noa| uotswana (lty) L|m|teo
8. !|noa| uas|| M|neao S/A
9. !|noa| (uvl) Lto
10. !|noa| lnvesnmentos LLA
11. !|noa| lnvestment lo|o|ng L|m|teo
12. !|noa| Maoagasca SA8L
13. !|noa| M|n|ng 8 Lxo|oanon L|m|teo
14. !|noa| M|n|ng lam|b|a (lty) L|m|teo
1S. !|noa| lowe LLC (ceaseo to ex|st as
subs|o|ay w.e. 6t| Lecembe, 2012)
16. !|noa| Stee| 8 M|nea|s .|mbabwe
L|m|teo
1/. !|noa| Stee| 8 lowe (uC) L|m|teo
18. !|noa| Stee| ano lowe(Austa||a) lty
L|m|teo
19. !|noa| 1anzan|a L|m|teo
20. !|noa| .amb|a L|m|teo
21. !|noa| M|n|ng lnousty LLC (ceaseo to
ex|st as subs|o|ay w.e. 6t|
Lecembe, 2012)
22. !SlL Mozamb|que M|nea|s LLA
23. !ub||ent Cveseas L|m|teo
24. Cs|o Maoagasca SA8L
2S. l1 !|noa| Cveseas
26. 8o|||ng l|||s 8esouces LLC (unoe
||qu|oanon)
2/. S|aoeeo lon 8 Stee| LLC
28. 1ab|et u|ue 1aoe ano lnvest (lty)
L|m|teo
29. 1ans As|a M|n|ng lte. L|m|teo
30. 1ans At|annc 1ao|ng L|m|teo
31. v|s|on Cveseas L|m|teo
32. vot| Cveseas L|m|teo
(Megeo w|t| !SlML)
33. lanacoe lnvestment L|m|teo
V. Others
1. ue|oe Lmoeeno|mentos M|ne|os
L|m|teo, a subs|o|ay o !SlL
Mozamb|que M|nea|s LLA
2. Lasten So||o lue|s (lty) L|m|teo,
a subs|o|ay o !|noa| M|n|ng 8
Lxo|oanon L|m|teo
3. l1 ull M|n|ng lnoones|a, a subs|o|ay
o !|noa| lnvestment lo|o|ng Lto
4. l1 Sumbe Suya Cem||ang, a
subs|o|ay o l1.ull M|n|ng lnoones|a
S. l1 Mauwa| uaa Abao|, a subs|o|ay
o l1.ull M|n|ng lnoones|a
6. !|noa| M|n|ng (lty) L|m|teo, a subs|o|ay
o Lasten So||o lue|s (lty) L|m|teo
/. uon-1ea M|n|ng (lty) L|m|teo,a
subs|o|ay o !|noa| (uvl) Lto
8. ClC (uabaoos) lo|o|ng Coo,a
9. ClC Lnegy (ua|amas) L|m|teo,a
10. !|noa| Lnegy (uotswana) lty L|m|teo,a
11. !|noa| Lnegy (SA) lty L|m|teo,a
12. ClC 1ansa|ca (uabaoos) Coo,a
13. !|noa| 8esouces (uotswana) lty
L|m|teo,a subs|o|ay o ClC 1ansa|ca
(uabaoos) Coo
36. DISCLCSUkLS AS kLUIkLD 8 ACCCUN1ING S1ANDAkD (AS-18) 'kLLA1LD Ak1 DISCLCSUkLS'
176
36. DISCLCSUkLS AS kLUIkLD 8 ACCCUN1ING S1ANDAkD (AS-18) 'kLLA1LD Ak1 DISCLCSUkLS' (CCN1D.)
Notes
14. 1ans A|ca 8a|| (lty) L|m|teo,
a subs|o|ay o ClC 1ansa|ca
(uabaoos) Coo
1S. Sao-L|ec (lty) L|m|teo, a subs|o|ay o
!|noa| enegy (SA) oty Lto
16. ClC (uabaoos) M|n|ng Coo, a subs|o|ay
o ClC (uaaoos) lo|o|ng Coo
1/. ClC (uabaoos) Lnegy Coo,a subs|o|ay
o ClC (uaaoos) lo|o|ng Coo
18. Meeoong 8esouces (Mau|tus) (lty)
L|m|teo, a subs|o|ay o ClC (uabaoos)
M|n|ng Coo
19. Meeoong 8esouces (lty) L|m|teo,
a subs|o|ay o Meeoong 8esouces
(Mau|tus) (lty) L|m|teo
20. Meeoong Lnegy (Mau|tus) (lty)
L|m|teo, a subs|o|ay o ClC (uabaoos)
Lnegy Coo
21. Meeoong Lnegy (lty) L|m|teo,
a subs|o|ay o Meeoong Lnegy
(Mau|tus) (lty) L|m|teo
22. Meeoong Sev|ce (lty) L|m|teo, a
subs|o|ay o Meeoong Lnegy (lty)
L|m|teo
23. Meeoong vate (lty) L|m|teo, a
subs|o|ay o Meeoong Lnegy (lty)
L|m|teo
24. Coe Amb|non Lto, a subs|o|ay o
lanacoe lnvestment Lto
2S. Coe lote Lto, a subs|o|ay o
26. Coe lnteg|ty Lto, a subs|o|ay o
2/. Coe v|s|on Lto, a subs|o|ay o
b) Associates
1. Angu| Su||noa 8a||way L|m|teo
2. Cuaat l8L Co||ng Coa| L|m|teo
3. !u lablna l|vate L|m|teo
4. !|noa| lnoso|unons L|m|teo (ceaseo to ex|st
as subs|o|ay w.e. 24t| Seotembe, 2012)
S. lo|e|o 8esouces
6. la|wa Stee| 8 lowe L|m|teo
/. lanacoe S||oo|ng lte Lto , S|ngaooe
8. loo|syne (lty) Lto
9. Sungu Sungu lty L|m|teo
c) Joint Ventures
1. !|noa| Synue|s L|m|teo
2. S|es|t M|n|ng ano Meta|s l|vate L|m|teo
3. utan lot| M|n|ng l|vate L|m|teo
d) key Management ersonne|
1. S|| laveen !|noa|
2. S|| 8av| uooa| (w.e.. 1st Cctobe, 2012)
3. S|| Anano Coe|
4. S|| v||ant Cua| (uoto 9t| lovembe,
2012)
S. S|| Ll Saaog| (w.e.. 9t| lovembe, 2012)
6. S|| laus|ao A||ta Ansa| (uoto 30t|
Ao||, 2012)
/. S|| M.L. Cuota (w.e.. 2/t| Ao||, 2012 uoto
9t| lovembe, 2012)
e) Lnterpr|ses over wh|ch key Management
ersonne| and the|r re|anves exerc|se s|gn|hcant
|nuence and w|th whom transacnons have
taken p|ace dur|ng the year
1. !Sv Stee| L|m|teo
2. !Sv Lnegy L|m|teo
3. !|noa| Saw Lto.
4. !|noa| Sta|n|ess Lto.
S. lno|a l|ysae Av|anon L|m|teo
6. !|noa| 8ea||ty lvt. Lto.
/. 1|S|a|n 8ea| Lstate lvt.L|m|teo
8. Ab||nanoan lnvestments Lto.
9. !|noa| System lvt. Lto.
10. Cagan lnaenegy Lto.
11. Co|oaoo 1ao|ng Co. Lto.
12. la|wa Lng|nee|ng Co. Lto.
13. Coe||na l|nance ano lnvestment L|m|teo
14. !|noa| lnoust|es L|m|teo
1S. !|noa| Coa| lvt. L|m|teo
16. M|nea|s Management Sev|ces (lno|a) lvt.
Lto.
1/. ?lC l|nvest lvt. Lto.
18. !|noa| 8ex Lxo|oanon lvt. Lto.
19. u| l|antanons lvt Lto
20. la|wa lnvestment Lto.
21. 8o||t 1owes uu||o|ngs Lto
22. utam v|oyut 1ansm|ss|on lvt Lto
23. lno|aventue Aov|sos lvt. Lto.
24 uonanaza 1ao|ng Comoany l|vate L|m|teo
177
Standalone
B 1ransacnons w|th ke|ated arnes
(` |n Coe)
Descr|pnon Subsidiaries, Step
down Subsidiaries,
Associates and Joint
ventures
key Management
Personnel
Enterprises controlled
by key Management
personnel and their
re|anves
Current
Year
Previous
Year
Current
Year
Previous
Year
Current
Year
Previous
Year
luc|ase o Cooos/Sev|ces 1,4S3.0/ 1,648.33 S6.12 3/.S0
Sa|es o Cooos (|nc|. cao|ta| gooos) S29.0/ 441.98 1,03S.42 1,062.//
8enoe|ng o Sev|ces /.98 6.49 2.1/ 2.89
Sa|e o lnvestments 111.18 -
lnvestment |n Lqu|ty S|aes/
oeeence s|aes
S89./3 30/.93
Aovance aga|nst s|ae
Aoo||canon money
143./4 100./3 33.20
Ct|e Aovances g|ven/(ta|en) 4/.82 (0.69) 0.69 (34.3/) (18.42)
Secu|ty Leoos|t C|ven/(ta|en) (0.S0) 0./S S0.00
8ent ano ot|e exoenses la|o 6.41 - 0.24
lnteest ece|veo/(oa|o){net] (212.SS) (1S8.S9) 34.29 39.38
L|v|oeno ece|veo/(oa|o) 130.06 130.06
8emuneanon 63.04 80.12
Lease ent ece|veo 2.41 3.00
l|e c|ages oa|o 3/.80 2/.38
Cuaantees/Coooate guaantees
obta|neo/(g|ven)
(1,89/.91) (143.31)
lnte coooate oeoos|ts g|ven 8S3.4S 208.1S 8.64
lnte Coooate oeoos|ts
8eoa|o/Aousteo
/43.38 (18/.S0) 33.20 (33.04)
lnte Coooate oeoos|ts w|ten o 23./3 (S1.30)
lnte coooate oeoos|ts ta|en 8/1.00 1,688.00
lnte coooate oeoos|ts eunoeo 1,619.00 /20.00
Cutstand|ng 8a|ance at the year end
lnvestment |n Lqu|ty s|aes 1,631.41 1,3/1.//
Cuaantees Cutstano|ng 4,8S1.S1 3,189.6S 16.66
lnte Coooate Leoos|ts 1a|en 1,/38.S6 2,486.S6
Aovance/secu|ty oeoos|t (ta|en om)/
g|ven to custome 8 Ct|es
(0.S0) - 8.S0
Loans ano Aovances (|nc|uo|ng lnteest) 1,311.6S 1,192.61 0.69 3/9.0S 48/.39
Aovance aga|nst S|ae
Aoo||canon money
S8.22 9/.04 33.20
Lebtos - L. ua|ance 100.23 16.S/ 1S6.36 119.22
C. ua|ance 6.S9 - 0.40 -
Ceo|tos -L. ua|ance 14.8S 28.88 108.S2 /.04
C. ua|ance 64.61 132.09 6.16 2.2S
8e|ateo laty emuneanon |nc|uoes ` 0.26 coe (oev|ous yea ` 0.24 coe) oa|o to e|anves o ley Management lesonne|.
Notes
178
C D|sc|osure |n respect of mater|a| re|ated party transacnons dur|ng the year
1 Mater|a| transacnons w|th Subs|d|ar|es, Step Down Subs|d|ar|es and Assoc|ates
(` |n Coe)
Name of Related
arty
Jindal
Power
Limited
Jindal
Mozambique
Minerals LDA
Jindal Steel
& power
(Maur|nus)
Limited
Jindal Steel
Bolivia
Shadeed
Iron &
Steel, Oman
Skyh|gh
Overseas
Limited
Nalwa Steel
& Power
Limited
indal
Mining
SA (ty)
Limited
ke|anonsh|p Year Subs|d|ary Subs|d|ary Subs|d|ary Subs|d|ary Subs|d|ary Subs|d|ary Associate Subs|d|ary
luc|ase o Cooos/
Sev|ces
2012-13
2011-12
20S.26
238./S
-
-
-
-
-
-
S38.12
868.3/
-
-
S18.2/
396.83
1/0.04 |
139.81
Sa|e o Cooos 2012-13 194.0S 6.SS - - 134.93 - 193.0/ -
2011-12 63.6S - - - 12.69 - 361.91 1.6/
Sa|e o |nvestment 2012-13 - 111.03 - - - - -
2011-12 - - - - - - -
8enoe|ng o sev|ces 2012-13 /.98 - - - - - - -
2011-12 6.09 - - - - - - -
lnvestment o Lqu|ty 2012-13 - - 262.33 1//.28 - 111.03 - -
2011-12 - - 1S2.4/ 6/.46 - - - -
Aovance aga|nst
s|ae aoo||canon
money
2012-13 - - - 124.90 - - - -
2011-12 - - - 81.34 - - - -
Ct|e aovances g|ven 2012-13 - - - - - - - -
2011-12 - - - - - - 4/.S0 -
lnteest ece|veo 2012-13 - - 33.2S - - - - -
2011-12 - - 63.29 - - - - -
lnteest oa|o 2012-13 24S.80 - - - - - - -
2011-12 222.3S - - - - - - -
L|v|oeno 8ece|veo 2012-13 130.06 - - - - - - -
2011-12 130.06 - - - - - - -
Coooate guaantee/
Cuaantee obta|neo/
(g|ven)
2012-13 - - 1,61S.36 - 282.SS - - -
2011-12 - - 2S.S8 99.31 - - - 18.42
lnte coooate
oeoos|ts g|ven
2012-13 - - 8S1.1/ - - - - -
2011-12 - - 200.49 - - - - -
lnte coooate
oeoos|ts eoa|o/
aousteo
2012-13 - (/39.18) - - - - -
2011-12 - - (99.4S) - - - - -
lnte coooate
oeoos|ts w|ten o
2012-13 - - (23./3) - - - - -
2011-12 - - (S1.30) - - - - -
lnte coooate
oeoos|ts ta|en
2012-13 8/1.00 - - - - - - -
2011-12 1,688.00 - - - - - - -
lnte coooate
oeoos|ts eunoeo
2012-13 1,619.00 - - - - - - -
2011-12 /20.00 - - - - - - -
Notes
179
Standalone
2 Mater|a| transacnons w|th Lnterpr|ses contro||ed by key Management ersonne| and]or the|r re|anves
(` |n Coe)
Name of
ke|ated arty
Year JSW Steel
Ltd. Mumbai
]8e||ary
ISW Lnergy
Limited
Jindal
Stainless
Ltd. Hissar/
Jajpur
Jindal Saw
Limited
Jindal
kea||ty
Pvt. Ltd.
1r|Shakn
Real Estate
Pvt. Ltd.
Minerals
Management
Service (India)
Pvt. Ltd.
India
I|ysafe
Av|anon
Limited
luc|ase o
Cooos/Sev|ces
2012-13 32.02 - 6.6/ 1/.42 - - - -
2011-12 26./2 - 6.3/ 4.3S - - - -
Sa|e o Cooos 2012-13 2/3.43 0.91 36.0S /1S./0 8.18 - 1.14 -
2011-12 234.16 3.61 33.S2 /8/.82 0.19 - - -
8enoe|ng o
sev|ces
2012-13 - - - - - - - -
2011-12 - - 0.04 0.S1 0./9 - - -
Aovance
aga|nst s|ae
aoo||canon
money
2012-13 - - - - - 33.20 - -
2011-12 - - - - - - - -
Ct|e aovances
g|ven/(ta|en)
2012-13 16.00 - - 0.20 (0.S/) (S0.00)
2011-12 - - - - - - - (18.4/)
Secu|ty Leoos|t
C|ven
2012-13 - - - - - - - -
2011-12 - - - - - - S0.00 -
lnteest
ece|veo
2012-13 0.02 1.9S 32.33 - -
2011-12 0.SS - - - 3S.90 2.94 - -
Lease 8ent
8ece|veo
2012-13 - - - - - - - 2.41
2011-12 - - - - - - - 3.00
l|e C|ages
la|o
2012-13 - - - - - - - 3/.80
2011-12 - - - - - - - 2/.29
lnte Coooate
oeoos|ts g|ven
2012-13 - - - - - - - -
2011-12 - - - - - 8.64 - -
lnte Coooate
oeoos|ts eoa|o/
aousteo
2012-13 - - - - - (33.20) - -
2011-12 - - - - (33.04) - - -
Notes
3 Mater|a| 1ransacnons w|th key Management ersonne|
arncu|ars Year Shri
Naveen
Jindal
Shri Ravi
Uppal
Shri
Anand
Goel
Shri DK
Saraogi
Shri
V|krant
Gujral
Shri
Naushad
Akhter
Ansari
Shri ML
Gupta
8emuneanon 2012-13 S4.98 3.02 2.64 0.41 1.32 0.2S 0.16
2011-12 /3.42 - 2.46 - 2.98 1.02 -
Loans ano
aovances g|ven
2012-13 - - - - - - -
2011-12 0.18 - 0.S0 - 0.01 - -
180
Notes
37. DISCLOSURE AS PER CLAUSE 32 OF LISTING AGREEMENT
Loans ano Aovances |n t|e natue o Loans g|ven to Subs|o|a|es, Assoc|ates ano Ct|es:
(` |n Coe)
Name of the Company ke|anonsh|p Amount outstanding Maximum balance outstanding
As at 31st
March, 2013
As at 31st
March, 2012
during
the year
during
the year
!|noa| Stee| 8 lowe
(Mau|nus) L|m|teo
Subs|o|ay 1,038.S8 943.9/ 1,0/0.S4 1,130.8/
!u lab |na l|vate L|m|teo
(La||e |nown as lu |na
l|vate L|m|teo)
Assoc|ate - /.22 /.22 /.22
Notes :
a) A|| t|e above |oans ano aovances |n t|e natue o |oan ae |nteest bea|ng.
b) lone o t|e |oanees |ave, oe se, maoe |nvestments |n s|aes o t|e Comoany.
38. FINANCIAL AND DERIVATIVE INSTRUMENTS
a) Le|vanves contacts enteeo |nto by t|e Comoany ano outstano|ng as on 31st Mac|, 2013, o |eog|ng cuency ano
|nteest ate e|ateo |s|s:
lom|na| amounts o oe|vanve contacts enteeo |nto by t|e Comoany ano outstano|ng |s ` 4/3.S6 coe (lev|ous yea
` 3,/64./0 coe). Categoy w|se bea|-uo |s g|ven be|ow:
(` |n Coe)
lnteest ate Swaos
llL
21/./4
(uS$ equ|va|ent
40.88 m||||on)
Conons
llL
4/.94
(uS$ 9.00 m||||on)
lowao Contacts 4/3.S6 3,499.02
(uS$ equ|va|ent (uS$ equ|va|ent
84.26 m||||on) /00.63 m||||on)
b) 1|e o|nc|oa| comoonent o oe|gn cuency |oans/oebts not |eogeo by oe|vanve |nstuments amount to ` 4,044.9S coe
(lev|ous yea ` 2,248.22 coe) w||c| |n esoecnve cuenc|es |s as unoe:
uS Lo||as 621.28 m||||on 138.S4 m||||on
!aoanese ?en 6,161.SS m||||on 19,S//.8/ m||||on
Luo 44.S/ m||||on 46.42 m||||on
c) ln accooance w|t| t|e accounnng oo||cy on nanc|a| oe|vanve |nstuments, ou|ng t|e yea, t|e Comoany |as ecogn|seo
ma| to ma|et |osses o ` l|| (lev|ous yea ` 41.03 coe).
181
Standalone
39. INTEREST IN JOINT VENTURES
1|e Comoany's |nteest as a ventue, |n o|nt|y conto||eo ennnes (lncoooateo !o|nt ventues) |s as unoe:
arncu|ars
Country of
Incorporanon
Percentage of
ownership interest as
at 31st March, 2013
Percentage of
ownership interest as
at 31st March, 2012
!|noa| Synue|s L|m|teo India /0.00 /0.00
S|es|t M|n|ng ano Meta|s l|vate L|m|teo India S0.00 S0.00
utan lot| M|n|ng Comoany L|m|teo India 66.6/ 66.6/
1|e Comoany's |nteests |n t|e above !o|nt ventues |s eooteo as lon-Cuent lnvestments (lote-13) ano stateo at cost. loweve,
t|e Comoany's s|ae o assets, ||ab|||nes, |ncome ano exoenses, etc. (eac| w|t|out e||m|nanon o t|e eect o tansacnons
between t|e Comoany ano t|e o|nt ventues) e|ateo to |ts |nteest |n t|e !o|nt ventues ae:
(` |n Coe)
arncu|ars
As at
31st March, 2013
As at
31st March. 2012
I. L|ab|||nes
1. Cuent ||ab|||nes
a) S|ot tem boow|ngs - -
Ct|e cuent ||ab|||nes - 1./1
II. Assets
2. lon-Cuent Assets
a) l|xeo Assets
l|xeo Assets 1.34 0.02
lntang|b|e assets unoe oeve|ooment 46.19 16.91
b) Long tem |oans 8 aovances 1.38 1.3S
c) Ct|e non-cuent assets 1.39 -
3. Cuent Assets
Cas| 8 cas| equ|va|ents 3.21 0.22
S|ot tem |oans 8 aovances 0.14 -
Ct|e cuent assets 0.09 0.26
Notes
182
Notes
40. ADDITIONAL INFORMATION
a) Installed Capac|ty
Sl. No. arncu|ars Unit Current Year Previous Year
AT RAIGARH
1 Soonge lon M.1. 13,/0,000 13,/0,000
2 M||o Stee| M.1. 30,00,000 30,00,000
3 leo A||oys M.1. 36,000 36,000
4 lowe Mv 893 893
S lot Meta|/l|g lon M.1. 16,/0,000 16,/0,000
6 8a|| 8 un|vesa| ueam M||| M.1. /,S0,000 /,S0,000
/ l|ate M||| M.1. 10,00,000 10,00,000
8 lab|cateo Stuctues M.1. 1,20,000 1,20,000
9 Cement l|ant M.1. S,00,000 S,00,000
10 Meo|um 8 L|g|t Secnon M||| M.1. 6,00,000 6,00,000
AT RAIPUR
11 Mac||ney ano Casnngs M.1. 11,S00 11,S00
12 lngots M.1. 30,000 30,000
13 Cl Casnngs M.1. 3,000 3,000
AT BARBIL
14 le||ensanon l|ant M.1. 4S,00,000 4S,00,000
AT SATARA (MAHARASHTRA)
1S v|no Lnegy Mv 24 24
AT PATRATU
16 v|e 8oo M.1. 6,00,000 6,00,000
1/ ua M||| M.1. 10,00,000 10,00,000
AT ANGUL
18 lowe Mv S40 2/0
19 lab|cateo Stuctues M.1 84,000 40,000
20 l|ate M||| M.1. 1S,00,000 -
lote: lnsta||eo caoac|ty |s as ceneo by t|e management ano e||eo uoon by t|e auo|tos be|ng a tec|n|ca| mate.
b) kaw Mater|a| Consumpnon
(Amount ` |n Coe)
uannty Amount uannty Amount
1 lon Ce M.1. /0,/1,026 1,/61.8/ 6S,S4,480 1,39/.09
2 Co||ng Coa| M.1. 10,68,/SS 1,411./8 10,/0,S8/ 1,361.04
3 lot u|queteo lon M.1. 3,1/,/39 /2/.89 2,93,886 /01.13
4 Ct|es M.1. - 1,041./6 - 1,0/0.S8
4,943.30 4,529.84
183
Standalone
Notes
c) uanntanve Informanon of Stock of Manufactured I|n|shed Goods
(Amount ` |n Coe)
Sl. No. arncu|ars Unit Cpen|ng Stock Cpen|ng Stock C|os|ng Stock
As At 1st April, 2011 As At 1st April, 2012 As At 31st March, 2013
uannty Amount uannty Amount uannty Amount
1 Soonge lon M.1. 10,929 9.06 2,S9S 1.81 3,61S 3.12
2 M.S. 8ouno M.1. 34,488 /9.0S 11,013 33.8/ 9,094 26.06
3 l.C. leo C|ome/
S|||co Mangnese
M.1. 1,812 9.42 1,19S S.98 2/4 1.22
4 lot Meta|/l|g lon M.1. 33,064 SS.64 28 0.06 - -
S laa||e| l|ange ueam/
Co|umns
M.1. 43,/28 111.01 S4,489 1/1.41 46,1S0 16S.26
6 Ct|e l|n|s|eo Stee|
looucts
M.1. 16,611 4S.40 9,4/8 29.82 13,4S0 49.41
/ Ct|e Sem| Stee|
looucts
M.1. /0,/88 1S8.03 82,31/ 21S.8/ 68,/12 198./8
8 Mac||ne|es M.1. 68S S.16 1,1S6 14.18 2,S84 34.8/
9 un|vesa| l|ate/Co|| M.1. S8,242 144.60 9/,3// 313.23 9/,/34 349.98
10 v|e 8oo M.1. 2/,4S1 8S.60 22,6/1 //.88 3/,/S6 134.02
11 uas M.1. 106 0.43 20,139 6/.92 41,/22 1S4.02
12 lab|cateo Stuctues M.1. /,S40 2/./4 6,493 33.3/ 10,/14 S6.49
13 Cement M.1. 3,861 1.1S 2,083 0.68 S,08S 1.61
14 Meo|um 8 L|g|t
Secnons
M.1. 16,/03 SS./4 46,084 1S/.23 42,093 149./9
1S lon Ce le||ets M.1. 2,3S,0/6 30.62 22,3S2 11.43 1,3/,09S /6./0
16 Ct|es - S3.8S - 144.43 - 39.1/
872.50 1,279.17 1,440.50
d) roducnon
Sl. No. arncu|ars Unit Current Year
uannty
Previous Year
uannty
1 Soonge lon M.1. 13,19,9/6 13,19,940
2 M.S. 8ouno M.1. 4,03,00/ 4,82,496
3 l.C. leo C|ome/S|||co Mangnese M.1. 33,840 22,663
4 lowe M||||on lvl S,9/3 4,668
S lot Meta|/l|g lon M.1. 16,60,898 16,S3,060
6 laa||e| l|ange ueam/Co|umns M.1. 4,31,038 4,99,619
/ un|vesa| l|ate/Co|| M.1. /,00,4/0 /,29,493
8 Ct|e l|n|s|eo Stee| looucts M.1. 93,62/ 69,618
9 Ct|e Sem| Stee| looucts M.1. 26,20,96/ 22,/6,630
10 Mac||ne|es M.1. 12,S10 9,060
11 v|e 8oo M.1. 3,24,940 2,S0,S98
12 uas M.1. 3,22,039 9/,14S
13 lab|cateo Stuctues M.1. 83,48/ S6,284
14 Cement M.1. S,10,229 3,08,2S8
1S Meo|um 8 L|g|t Secnons M.1. 2,/1,636 1,8S,/88
16 lon Ce le||ets M.1. 40,42,02S 3/,36,91S
1/ v|no Lnegy M||||on lvl S4.82 S/
184
Notes
e) Items used for Interna|]Capnve Consumpnon dur|ng the year
Sl. No. arncu|ars Unit Current Year
uannty
Previous Year
uannty
1 Soonge lon M.1. 12,91,/S2 12,49,81/
2 M.S. 8ouno M.1. /S2 181
3 l.C. leo C|ome / S|||co Mangnese M.1. 34,/61 23,280
4 lowe M||||on lvl 3,4S1 3,04S
S lot Meta| / l|g lon M.1. 16,36,16S 16,13,16/
6 laa||e| l|ange ueam/Co|umns M.1. 29,826 1S,4S1
/ Ct|e Sem| Stee| looucts M.1. 1S,80,/38 16,S0,/81
8 un|vesa| l|ate/Co|| M.1. 29,134 38,964
9 Ct|e l|n|s|eo Stee| looucts M.1. 3,4/4 4,9/4
10 lab|cateo Stuctues M.1. 136 2,314
11 Cement M.1. 1/,418 13,/88
12 Meo|um 8 L|g|t Secnons M.1. 6,2/6 S,S94
13 v|e 8oo M.1. 6,326 80
14 uas M.1. /,S/S 4/
f) Sa|es, Inter-d|v|s|ona| 1ransfers & Cther Cperanons
I) Sa|es:
(Amount ` |n Coe)
i. Manufactured Finished Goods
1 Soonge lon M.1. 2/,199 S9.81 /8,4S/ 181.49
2 M.S. 8ouno M.1. 4,04,1/4 1,SS3.64 S,0S,/90 1,931.40
3 l.C. leo C|ome M.1. - - - -
4 lowe M||||on lvl 2,280 648.82 1,4/3 383.23
S l|g lon M.1. 24,/61 /1.3/ /2,930 199.46
6 laa||e| l|ange ueam/Co|umns M.1. 4,00,9/4 1,881.21 4,/2,620 2,0S9.13
/ un|vesa| l|ate/Co|| M.1. 6,S1,/48 2,S86.81 6,44,69/ 2,644.00
8 Ct|e l|n|s|eo Stee| looucts M.1. 8S,384 392.10 /1,S91 308.94
9 Ct|e Sem| Stee| looucts M.1. 3,36,109 1,S38.S8 2,39,304 1,016.23
10 Mac||ne|es M.1. 9,498 162.99 S,68/ 9S.2/
11 lon Ce/lon Ce l|nes M.1. 92,/68 S/./2 /,1/,S82 468.06
12 v|e 8oo M.1. 3,03,440 1,30S.39 2,S4,S36 1,046.2S
13 ua M.1. 2,92,46/ 1,24/.06 //,064 332.0/
14 lab|cateo Stuctues M.1. /9,104 4/9.92 S4,98/ 309.81
1S Cement M.1. 4,81,683 199.46 2,92,S82 103.24
16 Meo|um 8 L|g|t Secnons M.1. 2,62,420 1,1/1.// 1,S0,604 610.32
1/ lon Ce le||ets M.1.
21,12,1S8
2,022.2/ 20,28,330 1,898.12
18 v|no Lnegy M||||on lvl S4.82 22./8 S/ 23.02
19 Ct|es - 1,046.28 - S68.S8
Total 16,447.98 14,178.62
ii. Traded Goods
1 lowe M||||on lvl 6// 22S.3S 63S 181.61
2 Ct|es M.1. 13,204 S6.49 66,214 2S/.88
Total 281.84 439.49
Total Sales 16,729.82 14,618.11
185
Standalone
Notes
II) Inter-d|v|s|ona| 1ransfers:
(` |n Coe)
i. Manufactured Finished Goods
1 Soonge lon M.1. S 0.01 - -
2 lowe M||||on lvl 242 120.S2 1S0 /2./8
3 laa||e| l|ange ueam/Co|umns M.1. 8,S// 29./4 /88 2.48
4 un|vesa| l|ate/Co|| M.1. 19,231 8S.24 6,698 24.88
S lon Ce/lon Ce l|nes M.1. 40,0/,190 /99.1S 34,04,698 462.2S
6 Steam Coa| M.1. 6/,/6,633 42/.23 S8,89,S/9 3S2.43
/ Ct|e l|n|s|eo Stee| looucts M.1. /9/ 2./0 186 0.66
8 Ct|e Sem| Stee| looucts M.1. /,1/,/2S 2,246.86 3,/S,016 1,14/.46
9 Mac||ne|es M.1. 1,S84 20.8/ 2,903 38./6
10 v|e 8oo M.1. 89 0.3S /62 2.92
11 uas M.1. 414 1.49
12 lab|cateo Mate|a|s M.1. 26 0.12 29 0.02
13 Cement M.1. 8,126 2.90 3,66/ 1.0/
14 Meo|um 8 L|g|t Secnons M.1. 6,931 24.6/ 209 0.69
1S lon Ce le||ets M.1. 18,1S,124 8S0.62 19,21,308 /32.24
16 Ct|es - 40.1S - 1S.01
Total 4,652.62 2,853.65
ii) Traded Goods
1 lowe M||||onlvl 8 3.44 / 2.4/
2 Ct|es - - - 0.31
Total 3.44 2.78
Total Inter-divisional Transfers 4,656.06 2,856.43

III) Cther Cperanng kevenues:
(` |n Coe)
Sl. No. arncu|ars Current Year Previous Year
1 Scao Sa|e 66.08 43.8/
2 Lxoot lncennves 68.91 39.61
3 Av|anon lncome 1/.04 22.2S
4 Ct|es 3.99 1/.9/
Total 156.02 123.70
Total (i + ii + iii) 21,541.90 17,598.24
186
Notes
g) Sa|es |nc|ude goods |ssued for ro[ects]Capnve (|nc|ud|ng tr|a| run per|od):
(Amount ` |n Coe)
1 M.S. 8ouno M.1. - - - -
2 lowe M||||on lvl 6S 33.32 2/ 11.S6
3 laa||e| l|ange ueam/Co|umns M.1. 6,30S 3/.01 33,131 121./1
4 l|ate/Co|| M.1. 14,6/6 68.90 4/,/21 188.92
S Ct|e Sem| Stee| looucts (1|a|
le|oo)
M.1. - - - -
6 Ct|e l|n|s|eo Stee| looucts M.1. 2,099 8.6/ 3,0/6 11.S4
/ Ct|e Sem| Stee| looucts M.1. 34,39/ 111.// 480 1.S9
8 lab|cateo Stuctues M.1. 28,89/ 1S0.4S 2S,396 128.6/
9 Cement M.1. 2,06,394 80.43 1,66,820 S4.88
10 Meo|um 8 L|g|t Secnons M.1. 6,3S2 2/.11 23,1S2 83./S
11 Mac||ne|es M.1. S,6S3 96.82 S,03S 81.//
12 v|e oo M.1. - - 42 0.13
13 uas M.1. /,3/6 26.66 2,84S 11.24
14 Ct|es - 190.14 - S/.2/
Total 831.28 753.03
h) C.I.I. Va|ue of Imports:
(` |n Coe)
1 8aw Mate|a| 8 lue| 2,S30.4S 2,9S2.18
2 Comoonents 8 Soae lats 248./4 1/1.98
3 Cao|ta| Cooos 8 Ct|es 6/3./8 86S.22
Total 3,452.97 3,989.38
|) 8reak up of consumpnon of kaw Mater|a|s and Stores & Spares |nto |mported and |nd|genous:
(Amount ` |n Coe)
Amount % Amount %
a) Raw Materials
|) lmooteo (|nc|uo|ng ouc|aseo t|oug|
cana||s|ng agenc|es, l|g| Sea Sa|es 8 ot|es)
2,2/2.98 4S.98 2,313.88 S1.08
||) lno|genous 2,6/0.32 S4.02 2,21S.96 48.92
4,943.30 100.00 4,529.84 100.00
b) Stores and Spares
362.S1 21.34 18S.68 12./4
||) lno|genous 1,336.1S /8.66 1,2/1.49 8/.26
1,698.66 100.00 1,457.17 100.00
c) Coke and Coa|
409.99 62.6/ 413.0/ /3.23
||) lno|genous 244.1/ 3/.33 1S0.99 26.//
654.16 100.00 564.06 100.00
187
Standalone
Notes
[) Lxpend|ture |n Iore|gn Currency (As kem|ued):

(` |n Coe)
1 1ave|||ng 2.06 0.60
2 lnteest 8 Aangement C|ages 118.84 92.28
3 L|v|oeno 11.S4 9./8
4 1ec|n|ca| lnow|ow lees 13.S6 S9.84
S Ct|es 31.3S 94.33
Total 177.35 256.83
1ota| numbe o non es|oent s|ae|o|oes to w|om o|v|oeno oa|o ou|ng cuent nanc|a| yea o t|e yea enoeo
31st Mac|, 2012 : 43, numbe o s|aes : /,21,/3,344.
k) Larn|ngs |n Iore|gn Currency
(` |n Coe)
Sl. No. Larn|ngs In Iore|gn Currency Current Year Previous Year
1 lCu va|ue o Lxoot Sa|es 1,S98.S3 1,428.84
2 Ct|es 22.60 -
Total 1,621.13 1,428.84
41. rev|ous year hgures have been regrouped]recast wherever cons|dered necessary to fac|||tate compar|son.
188
Statement pursuant to exempnon under Secnon 218 (8)
of the Companies Act, 1956 and General Circular no: 2/2011 date 8th February, 2011 relaung Lo Subsidiary Companies
S.No Name of the subs|d|ary compan|es Currency Issued &
Subscribed
Share Capital
Reserves Total Assets Total
L|ab|||nes
Investments Total Turnover roht]
(Loss) before
1axanon
Provision for
1axanon
roht](Loss)
aher1axanon
Proposed
Dividend
Long Term Current
1 !|noa| lowe L|m|teo ` |n Coe 1,348.80 /,683.84 13,3/4.34 13,3/4.34 1.3S - 1.3S 2,S09.66 1,392.4S 2/9.S0 1,112.9S -
2 Atun|| lyoo L|ect|c lowe Comoany L|m|teo ` |n Coe 1.00 - 22.89 22.89 - - - - - - - -
3 Lta||n lyoo L|ect|c lowe Comoany L|m|teo ` |n Coe 1.00 - 310./S 310./S - - - - - - - -
4 lama|a lyoo L|ect|c lowe Comoany L|m|teo ` |n Coe 1.00 - 218.9/ 218.9/ - - - - - - - -
S !|noa| lowe 1ansm|ss|on L|m|teo ` |n Coe 0.08 - 0.08 0.08 0.00 - 0.00 - - - - -
6 !|noa| lyoo lowe L|m|teo ` |n Coe 0.08 - 0.08 0.08 0.00 - 0.00 - - - - -
/ !|noa| lowe L|st|bunon L|m|teo ` |n Coe 0.0S - 0.0S 0.0S 0.00 - 0.00 - - - - -
8 Amb|nous lowe 1ao|ng Comoany L|m|teo ` |n Coe /.60 0.// 8.8/ 8.8/ 0.01 0.00 0.01 0.S1 0.14 0.04 0.10 -
9 utan lot| M|n|ng Comoany L|m|teo ` |n Coe 8.92 - 11.29 11.29 - - - - - - - -
10 !|noa| Synue|s L|m|teo ` |n Coe 1.00 - 62.80 62.80 - - - - - - - -
11 !|noa| Stee| 8 lowe (Mau|nus) L|m|teo uS$ |n M||||on /S.00 2/.01 1,133.8/ 1,133.8/ 63.26 39.63 102.88 - 2.24 - 2.24 -
` |n Coe 40/.92 146.88 6,16/.01 6,16/.01 344.04 21S.S4 SS9.S8 - 12.16 - 12.16 -
12 1ans At|annc 1ao|ng L|m|teo uS$ |n M||||on 0.00 4.63 4.63 4.63 - - - - 0.01 - 0.01 -
` |n Coe 0.00 2S.19 2S.19 2S.19 - - - - 0.03 - 0.03 -
13 l1 !|noa| Cveseas lL8 |n M||||on 8/9.10 (3S,806./S) 111,182.61 111,182.61 - - - - (1/,//8.1S) - (1/,//8.1S) -
` |n Coe 0.49 (19.94) 61.91 61.91 - - - - (9.90) - (9.90) -
14 l1 ull M|n|ng lL8 |n M||||on 1,000.00 (229.06) 122,490./3 122,490./3 - - - - (229.06) - (229.06) -
` |n Coe 0.S6 (0.13) 68.20 68.20 - - - - (0.13) - (0.13) -
1S l1 MA8uvAl uA8A AuALl lL8 |n M||||on 1,000.00 (/0S.03) 1,8S1.S9 1,8S1.S9 - - - - (/0S.03) - (/0S.03) -
` |n Coe 0.S6 (0.39) 1.03 1.03 - - - - (0.39) - (0.39) -
16 l1 SuMuL8 Su8?A CLMlLAlC lL8 |n M||||on 12S.00 (21,393.3S) 22,339.03 22,339.03 - - - - (9,390.06) - (9,390.06) -
` |n Coe 0.0/ (11.91) 12.44 12.44 - - - - (S.23) - (S.23) -
1/ v|s|on Cveseas L|m|teo uS$ |n M||||on 0.00 (0.01) 4.30 4.30 - - - - (0.00) - (0.00) -
` |n Coe 0.00 (0.06) 23.36 23.36 - - - - (0.01) - (0.01) -
18 !ub|||ant Cveseas L|m|teo uS$ |n M||||on 0.00 (0.01) 4.30 4.30 - - - - (0.00) - (0.00) -
` |n Coe 0.00 (0.06) 23.3/ 23.3/ - - - - (0.01) - (0.01) -
19 S|y||g| Cveseas L|m|teo uS$ |n M||||on 22.3S (0.01) 22.39 22.39 - - - - (0.00) - (0.00) -
` |n Coe 121.S6 (0.06) 121./8 121./8 - - - - (0.01) - (0.01) -
20 lamony Cveseas L|m|teo uS$ |n M||||on 0.00 (0.01) 41.80 41.80 - - - - (0.00) - (0.00) -
` |n Coe 0.00 (0.06) 22/.34 22/.34 - - - - (0.01) - (0.01) -
21 !|noa| Stee| uo||v|a SA uCu |n M||||on 6SS.99 (84.86) S/3.6/ S/3.6/ 0.00 - 0.00 - (32.0S) - (32.0S) -
` |n Coe S12.33 (66.2/) 448.04 448.04 0.00 - 0.00 - (2S.03) - (2S.03) -
22 Cas to L|qu|o lntenanona| SA uCu |n M||||on 141.20 1.62 146.42 146.42 0.02 - 0.02 - - - - -
` |n Coe 110.2/ 1.26 114.3S 114.3S 0.02 - 0.02 - - - - -
23 !SlL Mozamb|que M|nea|s LLA M.l |n M||||on 0.02 (66.S1) 3,394.19 3,394.19 0.03 - 0.03 - (3S.S3) - (3S.S3) -
` |n Coe 0.00 (12.06) 61S.33 61S.33 0.01 - 0.01 - (6.44) - (6.44) -
24 Lnou|ng Cveseas L|m|teo uS$ |n M||||on 0.0S (2.S3) 12./8 12./8 - - - - (0.0S) - (0.0S) -
` |n Coe 0.2/ (13./S) 69.S1 69.S1 - - - - (0.29) - (0.29) -
2S !|noa| M|n|ng 8 Lxo|oanon L|m|teo uS$ |n M||||on 0.00 2.1S 13.83 13.83 11./1 - 11./1 - 0.00 - 0.00 -
` |n Coe 0.00 11.69 /S.23 /S.23 63.68 - 63.68 - 0.01 - 0.01 -
26 !|noa| lnvestment lo|o|ngs L|m|teo uS$ |n M||||on 0.00 (0.01) 2.42 2.42 - - - - (0.00) - (0.00) -
` |n Coe 0.00 (0.06) 13.14 13.14 - - - - (0.01) - (0.01) -
2/ !|noa| A|ca lnvestments (lty) Lto .A8 |n M||||on 0.00 (/.26) //.S8 //.S8 3.0/ - 3.0/ 14.19 (3.68) - (3.68) -
` |n Coe 0.00 (4.2/) 4S.60 4S.60 1.80 - 1.80 8.34 (2.16) - (2.16) -
28 Cs|o Maoagasca SA8L MCA |n M||||on 3.00 (S8S.S/) 3,46/.23 3,46/.23 - - - - (4.9/) 0./6 (S./3) -
` |n Coe 0.01 (1.42) 8.43 8.43 - - - - (0.01) 0.00 (0.01) -
29 !|noa| Maoagasca SA8L MCA |n M||||on 3.00 (S21.04) 3,1S2.88 3,1S2.88 - - - - (148.31) 2.83 (1S1.14) -
` |n Coe 0.01 (1.2/) /.66 /.66 - - - - (0.36) 0.01 (0.3/) -
30 !|noa| lnvesnmentos L|m|taoa M.l |n M||||on 0.02 - 1.91 1.91 - - - - - - - -
` |n Coe 0.00 - 0.3S 0.3S - - - - - - - -
31 ue|oe Lmoeeno|mentos M|ne|os Lto. M.l |n M||||on 0.03 - 0.S9 0.S9 - - - - - - - -
` |n Coe 0.01 - 0.11 0.11 - - - - - - - -
32 Lasten So||o lue|s lty. Lto. .A8 |n M||||on 0.02 (2.60) 2S8.49 2S8.49 0.96 - 0.96 - (8.1/) - (8.1/) -
` |n Coe 0.01 (1.S3) 1S1.9S 1S1.9S 0.S6 - 0.S6 - (4.80) - (4.80) -
33 !|noa| M|n|ng SA (l1?) Lto. .A8 |n M||||on 0.00 81.28 3/8.49 3/8.49 - - - S46.41 20.81 S.83 14.98 -
` |n Coe 0.00 4/./8 222.S0 222.S0 - - - 321.21 12.23 3.42 8.81 -
34 !|noa| uas|| M|neacao SA. u8L |n M||||on 0.41 (0.31) 0.S1 0.S1 - - - - (0.0S) - (0.0S) -
` |n Coe 1.11 (0.84) 1.38 1.38 - - - - (0.14) - (0.14) -
3S S|aoeeo lon 8 Stee| Co. LLC uS$ |n M||||on 2.60 /3.49 //0./0 //0./0 - - - S33.42 69.93 - 69.93 -
` |n Coe 14.13 399./1 4,191./8 4,191./8 - - - 2,901.23 380.34 - 380.34 -
36 !|noa| Stee| 8 lowe (Austa||a) lty L|m|teo AuS$ |n
M||||on
0.00 1.S4 S6.34 S6.34 S4.2/ - S4.2/ - 2.32 - 2.32 -
` |n Coe 0.00 8./3 319.48 319.48 30/./4 - 30/./4 - 13.13 - 13.13 -
3/ !|noa| Stee| 8 lowe .|mbabwe L|m|teo uS$ |n M||||on 0.00 (1.3S) 0.02 0.02 - - - - 0.01 - 0.01 -
` |n Coe 0.01 (/.32) 0.09 0.09 - - - - 0.03 - 0.03 -
38 !|noa| 1anzan|a L|m|teo uS$ |n M||||on 0.01 (1.6S) 0.32 0.32 - - - - (0./S) - (0./S) -
` |n Coe 0.03 (8.9/) 1./2 1./2 - - - - (4.06) - (4.06) -
39 !|noa| .amb|a L|m|teo uS$ |n M||||on 0.00 (1.3S) 0./3 0./3 - - - - (0.06) - (0.06) -
` |n Coe 0.01 (/.34) 3.9S 3.9S - - - - (0.32) - (0.32) -
40 !|n A|ca L|m|teo uS$ |n M||||on 0.00 (0.81) 0./0 0./0 - - - - (0.66) - (0.66) -
` |n Coe 0.01 (4.39) 3./8 3./8 - - - - (3.S9) - (3.S9) -
41 !llLAL uvl LlMl1LL uS$ |n M||||on S8.S0 - 1/9.92 1/9.92 168./6 - 168./6 - - - - -
` |n Coe 312.36 - 960.68 960.68 901.09 - 901.09 - - - - -
189
Standalone
Statement pursuant to exempnon under Secnon 218 (8)
of the Companies Act, 1956 and General Circular no: 2/2011 date 8th February, 2011 relaung Lo Subsidiary Companies
S.No Name of the subs|d|ary compan|es Currency Issued &
Subscribed
Share Capital
Reserves Total Assets Total
L|ab|||nes
Investments Total Turnover roht]
(Loss) before
1axanon
Provision for
1axanon
roht](Loss)
aher1axanon
Proposed
Dividend
Long Term Current
42 ClC Lnegy (ua|amas) L|m|teo CAL |n M||||on 0.00 (1.93) 0.01 0.01 - - - - - - - -
` |n Coe 0.03 (10.33) 0.04 0.04 - - - - - - - -
43 ClC (uabaoos) Lnegy Coo CAL |n M||||on 0.00 (0.02) 0.00 0.00 - - - - - - - -
` |n Coe 0.00 (0.12) 0.00 0.00 - - - - - - - -
44 ClC (uabaoos) M|n|ng Coo CAL |n M||||on 0.00 (23.92) 18.2/ 18.2/ - - - - - - - -
` |n Coe 0.00 (12/./0) 9/.S9 9/.S9 - - - - - - - -
4S ClC (uabaoos) lo|o|ngs Coo CAL |n M||||on 0.00 (0.02) 0.00 0.00 - - - - - - - -
` |n Coe 0.00 (0.12) 0.00 0.00 - - - - - - - -
46 ClC lntenanona| uabaoos Coo CAL |n M||||on 0.00 (0.0S) 0.29 0.29 - - - - - - - -
` |n Coe 0.00 (0.26) 1.S/ 1.S/ - - - - - - - -
4/ ClC 1ansa|ca (uabaoos) Coo CAL |n M||||on 0.00 (0.01) 0.00 0.00 - - - - - - - -
` |n Coe 0.00 (0.0S) 0.00 0.00 - - - - - - - -
48 Meeoong Lnegy (Mau|nus) lty L|m|teo CAL |n M||||on 0.00 (0.06) 0.00 0.00 0.00 - 0.00 - - - - -
` |n Coe 0.00 (0.30) 0.03 0.03 0.00 - 0.00 - - - - -
49 Meeoong 8esouces (Mau|nus) lty L|m|teo CAL |n M||||on 0.00 (0.06) 0.00 0.00 0.00 - 0.00 - - - - -
` |n Coe 0.00 (0.30) 0.03 0.03 0.00 - 0.00 - - - - -
S0 !|noa| Lnegy Sa (lty) L|m|teo .A8 |n M||||on 0.00 (4S./0) 300.06 300.06 - - - - - - - -
` |n Coe 0.00 (26.8/) 1/6.39 1/6.39 - - - - - - - -
S1 uon-1ea M|n|ng (lty) L|m|teo .A8 |n M||||on 0.00 (0.01) 0.00 0.00 - - - - - - - -
` |n Coe 0.00 (0.00) 0.00 0.00 - - - - - - - -
S2 Sao-L|ec (lty) L|m|teo .A8 |n M||||on 0.00 (0.01) 0.00 0.00 - - - - - - - -
` |n Coe 0.00 (0.01) 0.00 0.00 - - - - - - - -
S3 !|noa| Lnegy (uotswana) lty L|m|teo uvl ln M||||on 0.00 (8./3) 28.33 28.33 - - - - - - - -
` |n Coe 0.00 (S./4) 18.6S 18.6S - - - - - - - -
S4 !|noa| 8esouces (uotswana) lty L|m|teo uvl ln M||||on 0.00 (49.82) 342.38 342.38 - - - - - - - -
` |n Coe 0.00 (32./9) 22S.33 22S.33 - - - - - - - -
SS Meeoong Lnegy (lty) L|m|teo uvl ln M||||on 0.00 0.33 3S1.91 3S1.91 - - - - - - - -
` |n Coe 0.00 0.21 231.60 231.60 - - - - - - - -
S6 Meeoong 8esouces (lty) L|m|teo uvl ln M||||on 0.00 (19.43) 2/3.43 2/3.43 - - - - - - - -
` |n Coe 0.00 (12./9) 1/9.96 1/9.96 - - - - - - - -
S/ Meeoong Sev|ce (lty) L|m|teo uvl ln M||||on 0.00 (0.06) 1.46 1.46 - - - - - - - -
` |n Coe 0.00 (0.04) 0.96 0.96 - - - - - - - -
S8 Meeoong vate (lty) L|m|teo uvl ln M||||on 0.00 (0.1S) 18.S/ 18.S/ - - - - - - - -
` |n Coe 0.00 (0.10) 12.22 12.22 - - - - - - - -
S9 1ans A|ca| 8a|| (lty) L|m|teo uvl ln M||||on 0.00 (0.02) 0.00 0.00 - - - - - - - -
` |n Coe 0.00 (0.02) 0.00 0.00 - - - - - - - -
60 lanacoe lnvestment L|m|teo uS$ |n M||||on 0.02 0.02 2/.49 2/.49 0.00 - 0.00 4./1 0.02 - 0.02 -
` |n Coe 0.11 0.11 149.S1 149.S1 0.01 - 0.01 2S.61 0.11 - 0.11 -
61 Coe Amb|non L|m|teo uS$ |n M||||on 0.00 - 1.8S 1.8S - - - - - - - -
` |n Coe 0.00 - 10.06 10.06 - - - - - - - -
62 Coe lote L|m|teo uS$ |n M||||on 0.00 - 4.0S 4.0S - - - - - - - -
` |n Coe 0.00 - 22.01 22.01 - - - - - - - -
63 Coe lnteg|ty L|m|teo uS$ |n M||||on 0.00 - 4.0S 4.0S - - - - - - - -
` |n Coe 0.00 - 22.01 22.01 - - - - - - - -
64 Coe v|s|on L|m|teo uS$ |n M||||on 0.00 - 1.8S 1.8S - - - - - - - -
` |n Coe 0.00 - 10.06 10.06 - - - - - - - -
6S !|noa| M|n|ng lam|b|a (lty) L|m|teo lAL |n M||||on 0.00 (2.0/) 2.09 2.09 - - - - (2.0/) - (2.0/) -
` |n Coe 0.00 (1.2S) 1.26 1.26 - - - - (1.2S) - (1.2S) -
66 !|noa| uotswana (lty) Lto. uvl ln M||||on 0.00 (1.19) 1.2S 1.2S - - - - (1.19) - (1.19) -
` |n Coe 0.00 (0./8) 0.82 0.82 - - - - (0./8) - (0./8) -
6/ 1ab|et u|ue 1aoe Ano lnvest (lty) L|m|teo .A8 |n M||||on 0.00 - 0.00 0.00 - - - - - - - -
` |n Coe 0.00 - 0.00 0.00 - - - - - - - -
68 1ans As|a M|n|ng lte. L|m|teo uS$ |n M||||on 0.00 (0.01) 0.00 0.00 - - - - (0.01) - (0.01) -
ll8 |n Coe 0.00 (0.06) 0.00 0.00 - - - - (0.06) - (0.06) -
69 !|noa| A|ca L|be|a Lto uS$ |n M||||on 0.00 - 0.08 0.08 - - - - - - - -
ll8 |n Coe 0.00 - 0.42 0.42 - - - - - - - -
/0 !|noa| A|ca Sa uS$ |n M||||on - - - - - - - - - - - -
ll8 |n Coe - - - - - - - - - - - -
/1 !|noa| Stee| 8 lowe (uc) L|m|teo uS$ |n M||||on - - - - - - - - - - - -
ll8 |n Coe - - - - - - - - - - - -
Lxc|ange 8ate as on 31.03.2013: uS$1= ` S4.3893 lL8 1 = ` 0.00SS68 uCu 1 = ` /.81 Ml1 1= ` 0.03898 M.l 1= ` 1.8129 .A8 1 = ` S.8/8S MCA 1 = ` 0.0243 AuL 1 = ` S6./062 u8L1= ` 26.938/ uvl 1= ` 6.S814 CAL 1= ` S3.39SS lAL 1 =
` 6.04338
190
ve |ave auo|teo t|e accomoany|ng conso||oateo nanc|a|
statements of Jindal Steel & Power Limited (the Company) and
its subsidiaries, joint ventures and associates (together referred
to as the Group) which comprise the consolidated Balance Sheet
as at 31st Mac|, 2013, ano t|e conso||oateo Statement o lot
and Loss and the consolidated Cash Flow Statement for the year
then ended, and Notes to Consolidated Financial Statements
como|s|ng o a summay o s|gn|cant accounnng oo||c|es ano
ot|e exo|anatoy |nomanon.
MANAGEMENTS RESPONSIBILITY FOR THE
CONSOLIDATED FINANCIAL STATEMENTS
Management |s esoons|b|e o t|e oeoaanon o t|ese
conso||oateo nanc|a| statements t|at g|ve a tue ano a| v|ew
o t|e conso||oateo nanc|a| oos|non, conso||oateo nanc|a|
oeomance ano conso||oateo cas| fows o t|e Comoany |n
accooance w|t| accounnng o|nc|o|es genea||y acceoteo |n
lno|a moe oancu|a|y |n accooance w|t| t|e equ|ements o
Accounnng Stanoao (AS) 21, Conso||oateo l|nanc|a| Statements,
Accounnng Stanoao (AS) 23, Accounnng o lnvestments |n
Assoc|ates |n Conso||oateo l|nanc|a| Statements ano Accounnng
Stanoao (AS) 2/, l|nanc|a| 8eoonng o lnteests |n !o|nt ventues
as noneo unoe t|e Comoan|es (Accounnng Stanoaos) 8u|es,
2006. 1||s esoons|b|||ty |nc|uoes t|e oes|gn, |mo|ementanon ano
ma|ntenance o |ntena| conto|s e|evant to t|e oeoaanon ano
oesentanon o t|e conso||oateo nanc|a| statements t|at g|ve
a true and fair view and are free from material misstatements,
w|et|e oue to auo o eo.
AUDITORS RESPONSIBILITY
Our responsibility is to express an opinion on these consolidated
nanc|a| statements baseo on ou auo|t. ve conoucteo ou
auo|t |n accooance w|t| t|e Stanoaos on Auo|nng |ssueo by
t|e lnsntute o C|ateeo Accountants o lno|a. 1|ose Stanoaos
equ|e t|at we como|y w|t| et||ca| equ|ements ano o|an ano
perform the audit to obtain reasonable assurance about whether
t|e conso||oateo nanc|a| statements ae ee om mate|a|
m|sstatement.
An audit involves performing procedures to obtain audit evidence
about t|e amounts ano o|sc|osues |n t|e conso||oateo nanc|a|
statements. 1|e ooceoues se|ecteo oeoeno on t|e auo|to's
judgment, including the assessment of the risks of the material
m|sstatement o t|e conso||oateo nanc|a| statements, w|et|e
oue to auo o eo. ln ma||ng t|ose |s| assessments, t|e auo|to
cons|oes |ntena| conto| e|evant to t|e Comoany's oeoaanon
ano oesentanon o t|e conso||oateo nanc|a| statements t|at
give a true and fair view in order to design audit procedures
t|at ae aoooo|ate |n t|e c|cumstances. An auo|t a|so |nc|uoes
eva|uanng t|e aoooo|ateness o accounnng oo||c|es useo
ano t|e easonab|eness o t|e accounnng esnmates maoe by
management, as we|| as eva|uanng t|e ovea|| oesentanon o
t|e conso||oateo nanc|a| statements.
ve be||eve t|at t|e auo|t ev|oence we |ave obta|neo |s sumc|ent
ano aoooo|ate to oov|oe a bas|s o ou auo|t oo|n|on.
OPINION
ln ou oo|n|on ano to t|e best o ou |nomanon ano accoo|ng
to t|e exo|ananons g|ven to us, t|e conso||oateo nanc|a|
statements give a true and fair view in conformity with the
accounnng o|nc|o|es genea||y acceoteo |n lno|a:
a) In the case of the consolidated Balance Sheet, of the state
o aa|s o t|e Comoany as at 31st Mac|, 2013,
b) ln t|e case o t|e conso||oateo Statement o lot ano Loss,
o t|e oot o t|e yea enoeo on t|at oate, ano
c) In the case of the consolidated Cash Flow Statement, of the
cas| fows o t|e yea enoeo on t|at oate.
EMPHASIS OF MATTER
ve oaw atennon to sub note (a) o lote 4 o conso||oateo
nanc|a| statements egao|ng accounnng o sa|es tax |nc|uoeo
in the sales price of products sold out of sales tax exempted
un|t unoe Sa|es 1ax Subs|oy/ Cao|ta| 8eseve Account |n t|e
c|cumstances as exo|a|neo |n t|e note. Cu oo|n|on |s not
qua||eo |n t||s mate.
191
Conso||oateo
OTHER MATTERS
ve auo|teo t|e nanc|a| statements o:
- one o|nt ventue, w|ose nanc|a| statements efect t|e
Groups share of total assets (net) of ` 1.00 coe as at 31st
March, 2013, total revenues of ` llL ano net cas| |nfows
amounnng to ` (0.01) coe o t|e yea t|en enoeo,
- one assoc|ate w|ose nanc|a| statements efect t|e
Couo's s|ae o oot uoto 31st Mac|, 2013 o ` 211.6S
coe ano t|e Couo's s|ae o oot o ` 34.68 coe o t|e
yea enoeo on t|at oate,
as cons|oeeo |n t|ese conso||oateo nanc|a| statements.
ve o|o not auo|t t|e nanc|a| statements o:
- n|neteen subs|o|a|es, w|ose nanc|a| statements efect
the Groups share of total assets (net) of ` 13,683.36 coe
as at 31st March, 2013, total revenues of ` S,896.82 coe
ano net cas| |nfows amounnng to ` 30.4S coe o t|e
yea t|en enoeo,
- two o|nt ventues, w|ose nanc|a| statements efect t|e
Groups share of total assets (net) of ` 6.6S coe as at 31st
March, 2013, total revenues of ` llL ano net cas| |nfows
amounnng to ` 2.99 coe o t|e yea t|en enoeo,
as cons|oeeo |n t|ese conso||oateo nanc|a| statements. 1|ese
nanc|a| statements ano ot|e e|ateo nanc|a| |nomanon
have been audited by other auditors whose reports have been
furnished to us by the management, and our opinion is based
solely on the report of the other auditors, in so far as it relates
to the amounts included in respect of these subsidiaries,
o|nt ventues ano assoc|ates |n t|ese conso||oateo nanc|a|
statements.
lut|e, |n t|e case o nanc|a| statements o:
- y ou subs|o|a|es, w|ose nanc|a| statements efect
the Groups share of total assets (net) of ` /8/.// coe as
at 31st March, 2013, total revenues of ` 26./4 coe ano
net cas| |nfows amounnng to ` (0.68) coe o t|e yea
t|en enoeo,
- seven assoc|ates w|ose nanc|a| statements efect t|e
Couo's s|ae o oot uoto 31st Mac|, 2013 o ` S.32
coe ano t|e Couo's s|ae o oot o ` S.S2 coe o t|e
yea enoeo on t|at oate,
as cons|oeeo |n t|ese conso||oateo nanc|a| statements, t|e
gues ano ot|e e|ateo |nomanon useo o conso||oanon
ae baseo on t|e management's esnmate ano ae, t|eeoe,
unauo|teo.
Cu oo|n|on |s not qua||eo |n esoect o t|e aoesa|o 'Ct|e
Mates'.
For S. S. KOTHARI MEHTA & COMPANY
Chartered Accountants
K. K. Tulshan
l|ace: lew Le||| Partner
Late: 2St| Ao||, 2013 Membes||o lo. 8S033
192
(` in Crore)
arncu|ars Note No.
As at
31st March, 2013
As at
31st March, 2012
I. EQUITY AND LIABILITIES
(1) Shareholders Funds
(a) Share Capital 3 93.48 93.48
(b) Reserves and Surplus 4 21,1S8./8 18,01/.62
(2) Minority Interest SS/.2/ 30/.10
(3) Non-Current L|ab|||nes
(a) Long-term Borrowings S 1S,401.64 11,1/9.63
(b) Leeeo 1ax L|ab|||nes (let) 32 1,336.S4 1,191.9S
(c) Ct|e Long-tem L|ab|||nes 6 S61./9 142.06
(d) Long-term Provisions 7 32./1 33.S4
(4) Current L|ab|||nes
(a) Short-term Borrowings 8 8,24/.18 4,S69.31
(b) 1aoe layab|es 9 1,398.20 1,2S1.36
(c) Ct|e Cuent L|ab|||nes 10 3,401.2S 4,110.16
(d) Short-term Provisions 11 4,883.80 4,111.33
Total S7,072.64 4S,007.S4
II. ASSETS
(1) Non-Current Assets
(a) Fixed Assets
(i) 1ang|b|e Assets 12 19,2S4.SS 16,462.63
(ii) Intangible Assets
-Intangible Assets 12 20.10 31.39
-Cooow||| on Conso||oanon 1S4.2S 91./6
(iii) Capital Work-in-Progress 12 18,082.84 13,4/2.0S
(iv) lntang|b|e assets unoe Leve|ooment 1,14/.4S 1/9.90
(b) Non-current investments 13 808.86 3//.62
(c) Long-term Loans and Advances 14 2,421.43 2,180.94
(d) Other Non-Current Assets 1S 1.9S 14.24
(2) Current Assets
(a) Inventories 16 4,S24.1/ 3,S/9.S3
(b) 1aoe 8ece|vab|es 17 1,9S4.13 1,306./S
(c) Cash and Cash Balances 18 200.13 149.21
(d) Short-term Loans and Advances 19 8,0/8./9 6,92/.21
(e) Other Current Assets 20 423.99 234.31
Total S7,072.64 4S,007.S4
Cvev|ew 8 S|gn|cant Accounnng lo||c|es 1 & 2
Conso||dated 8a|ance Sheet
as at 31st March, 2013
In terms of our report of even date For & on behalf of the Board
Chartered Accountants Chairman Manag|ng L|ecto 8 CLC
Partner !o|nt Manag|ng L|ecto Leouty Manag|ng L|ecto
Lateo: 2St| Ao||, 2013 Couo ClC 8 L|ecto Company Secretary
193
Conso||oateo
Conso||dated Statement of roht and Loss
1|e accomoany|ng notes om an |ntega| oat o nanc|a| statements
(` in Crore)
arncu|ars Note No.
For the year ended
31st March, 2013
For the year ended
31st March, 2012
REVENUE
8evenue om ooeanons (goss) 21 21,/3/.93 19,616.46
Less: Lxc|se outy 1,931.1S 1,40/.86
8evenue om ooeanons (net) 19,806./8 18,208.60
Other Income 22 136.42 141.94
Total Revenue 19,943.20 18,3S0.S4
EXPENSES
Cost of materials consumed 23 6,306.89 S,460.38
luc|ase o Stoc|-|n-1aoe 24 91.16 21/.18
C|anges |n |nvento|es o n|s|eo gooos, wo|-|n-oocess ano
stock-in-trade
2S (24/.08) (366.46)
Lmo|oyee benets exoense 26 641.49 S91.29
Finance costs 27 /S8.16 360.04
Leoec|anon ano amonsanon exoense 1,S39.22 1,386.4/
Other expenses 28 /,019.91 S,S13.04
Total Expenses 16,109.7S 13,161.94
roht before tax 3,833.4S S,188.60
1ax exoense:
(1) Current tax ///.24 999.8/
(2) Leeeo tax 144.S9 186.4/
Total Tax Expenses 921.83 1,186.34
roht aher tax 2,911.62 4,002.26
-Aoo/(Less): S|ae |n oot/(|oss) o Assoc|ates 40.20 20.03
-Aoo/(Less): M|no|ty lnteest (41./1) (S/.40)
roht for the year 2,910.11 3,964.89
Lan|ngs oe equ|ty s|ae o ace va|ue o ` 1 each 33
(1) Basic (in `) 31.13 42.42
(2) L||uteo (|n `) 31.13 42.42
Cvev|ew 8 S|gn|cant Accounnng lo||c|es 1 & 2
194
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
A. CASn INILCW](CU1ILCW) IkCM CLkA1ING AC1IVI1ILS NL1
PROFIT BEFORE TAX AND EXTRAORDINARY ITEMS
3,833.4S S,188.60
Aoustment o:
Leoec|anon 1,S39.22 1,386.4/
Loss/o|m|nunon a|s|ng om bus|ness |nvestment S/4.12 93.62
lem|um on lnvestment w|ten o - 0.04
Loss / (lot) on Sa|e o l|xeo Assets (3.62) (S./2)
Loss / (lot) on Sa|e o lnvestments (68.S9) (1.S/)
L|v|oeno lncome (0.2S) (0.13)
L|ab|||ty / lov|s|ons no |onge equ|eo w|ten bac| (1.13) (/.89)
lov|s|on o o|mun|non |n lnvestments w|ten bac| - (11.S4)
lov|s|on o ooubuu| oebts - 0.10
M|sce||aneous exoeno|tue w|ten o ou|ng t|e yea - 1.S6
Lmo|oyees Comoensanon Lxoenses unoe Lmo|oyees Stoc| Conon Sc|eme - (0.83)
lnteest Lxoense /S8.16 360.04
Cperanng roht before Work|ng Cap|ta| Changes 6,631.36 7,002.7S
Aoustment o:
Inventories (944.64) (806.10)
Sunoy Lebtos (64/.38) (1S3.0S)
Other Current Assets (926./4) (1,S/8.2S)
lncome 1ax oa|o (/88.3S) (1,042.14)
Ct|e Cuent L|ab|||nes 198.0S 498.88
Net Cash Inow](Cuu|ow) from Cperanng Acnv|nes 3,S22.30 3,922.09
B. CASn INILCW](CU1ILCW) IkCM INVLS1MLN1 AC1IVI1ILS
Cao|ta| Lxoeno|tue (8,401.24) (6,060.38)
Sale Proceeds of Fixed Assets 22.16 81.S9
L|v|oeno ece|veo 0.2S 0.13
lntang|b|e assets unoe Leve|ooment (96/.SS) (161.0S)
Interest Received 106.S1 114.04
(lncease)/Lecease |n lnvestments (362.6S) (/9./4)
S|ae Aoo||canon Money g|ven /4.46 (/S.26)
(lncease)/Lecease |n Cooow||| (62.49) 10.01
Net Cash Inow](Cuu|ow) from Invesnng Acnv|nes (9,S90.SS) (6,170.66)
Conso||dated Cash I|ow Statement
195
Conso||oateo
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
C. CASn INILCW](CU1ILCW) IkCM IINANCING AC1IVI1ILS
State Sa|es 1ax Subs|oy 30.63 38.92
Cao|ta| 8eseve on acqu|s|non o Subs|o|ay 281.3S -
lssue o Lqu|ty S|aes - 3.84
Proceeds from Other Borrowings 9,34/.42 9,413.33
Working Capital Borrowings from Banks 6,106.81 2,141.01
8eoayment/Aoustment o uoow|ngs (/,926.88) (8,249.91)
L|v|oeno la|o (|nc|uo|ng tax t|eeon) (1S6.91) (192.48)
lnteest ano nanc|a| exoenses oa|o (1,S/1.29) (919.29)
Net Cash Inow](Cuu|ow) from I|nanc|ng Acnv|nes 6,111.13 2,23S.42
NET CHANGES IN CASH & CASH EQUIVALENTS (A+B+C) 42.88 (13.15)
Cash & Cash Lqu|va|ents (Cpen|ng 8a|ance) 131.66 144.81
Cash & Cash Lqu|va|ents (C|os|ng 8a|ance) 174.54 131.66
lote:
1|e gues |ave been egouoeo/eaangeo, w|eeve necessay, o comoa|son ouooses
Conso||dated Cash I|ow Statement
196
1. OVERVIEW
Jindal Steel & Power Limited which commenced
ooeanons |n t|e yea 1991 |s one o t|e lno|a's |eao|ng
stee| ooouces w|t| s|gn|cant oesence |n secto |||e
m|n|ng, oowe geneanon ano |nastuctue. lt |s ||steo on
t|e lanona| Stoc| Lxc|ange o lno|a ano uombay Stoc|
Lxc|ange |n lno|a. lts bus|ness |s soeao acoss lno|a ano
oveseas. 1|e coooate omce |s s|tuateo |n lew Le|||
and the manufacturing plants in India are in the states
o C||amsga|, Co|s|a, !|a||ano etc. 1|e Comoany
has global presence in Australia, Botswana, China,
L|be|a, Mau|tan|a, Mozamb|que, Maoagasca, lam|b|a,
lnoones|a, Sout| A|ca, Su|tanate o Cman, 1anzan|a ano
.amb|a. 1|ee ae sevea| bus|ness |n|nanves unn|ng
s|mu|taneous|y acoss connnents.
2. SIGNIIICAN1 ACCCUN1ING CLICILS
i) 8as|s of reparanon of I|nanc|a| Statements
1|e conso||oateo nanc|a| statements ae oeoaeo
unoe t|e ||sto|ca| cost convennon, on go|ng
concen bas|s ano |n tems o t|e Accounnng
Stanoaos noneo by Comoan|es (Accounnng
Stanoao) 8u|es, 2006 |n como||ance w|t| Secnon
211(3C) o t|e Comoan|es Act, 19S6. 1|e Comoany
o||ows t|e mecann|e system o accounnng ano
recognises income and expenditure on accrual
basis to the extent measurable and where there
|s ceta|nty o u|nmate ea||sanon |n esoect o
|ncomes. Accounnng oo||c|es not soec|ca||y eeeo
to otherwise are consistent and in consonance with
t|e genea||y acceoteo accounnng o|nc|o|es |n
lno|a. 1|e accounnng oo||c|es |ave been cons|stent|y
applied by the Group and are consistent with those
useo |n oev|ous yea.
ii) Use of Esnmates
1|e oeoaanon o nanc|a| statements |n
conom|ty w|t| genea||y acceoteo accounnng
o|nc|o|es equ|es management to ma|e esnmates
ano assumonons t|at aect t|e eooteo amount
o assets ano ||ab|||nes ano o|sc|osue o connngent
||ab|||nes ano comm|tments at t|e eno o t|e
eoonng oe|oo ano esu|ts o ooeanons ou|ng
t|e eoonng oe|oo. A|t|oug| t|ese esnmates ae
based upon the managements best knowledge
o cuent events ano acnons, actua| esu|ts cou|o
o|e om t|ese esnmates. L|eence between t|e
actua| esu|t ano esnmates ae ecogn|seo |n t|e
oe|oo |n w||c| t|e esu|ts ae |nown/mate|a||seo.
|||) r|nc|p|es of Conso||danon
1|e Conso||oateo l|nanc|a| Statements e|ate to
Jindal Steel & Power Limited (the Company) and its
subs|o|ay, !o|nt ventue ano Assoc|ate comoan|es.
1|e Conso||oateo l|nanc|a| Statements |ave been
oeoaeo on t|e o||ow|ng bas|s:
a) 1|e nanc|a| statements o t|e Comoany
and its subsidiaries have been consolidated
on a line by line basis by adding together
boo| va|ue o |||e |tems o assets, ||ab|||nes,
|ncome ano exoenses ae u||y e||m|nanng
|nte- comoany tansacnons, ba|ances ano t|e
unea||seo oot o |osses on |nte-comoany
tansacnons as oe Accounnng Stanoao (AS-
21) Consolidated Financial Statements, and
are presented to the extent possible, in the
same manner as the Companys independent
nanc|a| statements.
b) In case of foreign subsidiaries, being non-
|ntega| ooeanons, evenue |tems ae
consolidated at the average exchange rate
oeva|||ng ou|ng t|e yea. A|| assets ano
||ab|||nes ae conveteo at t|e exc|ange ates
prevailing at the end of the year and exchange
o|eences a|s|ng t|eeon ae ecogn|seo |n
t|e oe|gn cuency tans|anon eseve.
c) 1|e o|eence between t|e cost o |nvestment
in the subsidiaries and joint ventures and the
Comoany's s|ae o net assets at t|e nme o
acqu|s|non o s|aes |n t|e subs|o|a|es ano
o|nt ventues |s ecogn|seo |n t|e nanc|a|
statements as goodwill or capital reserve as the
case may be.
d) M|no|ty lnteest's s|ae o net oot o
consolidated subsidiaries for the year is
|oenneo ano aousteo aga|nst t|e |ncome
of the group in order to arrive at the net
|ncome at|butab|e to t|e s|ae|o|oes o
t|e Comoany.
e) Minoritys interest in the net assets of the
conso||oateo subs|o|a|es |s |oenneo ano
presented in the consolidated balance sheet
seoaate|y om ||ab|||nes ano t|e equ|ty o
t|e Comoany's s|ae|o|oes.
f) Minoritys interest in the net assets of
consolidated subsidiaries consists of the
amount o equ|ty at|butab|e to m|no|nes
on which investment in a subsidiary is made
Notes
Lo Lhe consolldaLed nanclal sLaLemenLs as aL and for Lhe year ended 31sL March, 2013
197
Conso||oateo
ano t|e m|no|nes' s|ae o movements |n t|e
equ|ty s|nce t|e oate t|e oaent subs|o|ay
e|anons||o comes |nto ex|stence.
g) Investment in associate companies have
been accounteo o, by us|ng equ|ty met|oo
w|eeby |nvestment |s |n|na||y ecooeo at
cost and the carrying amount is adjusted
t|eeae o oost acqu|s|non c|ange |n
the Companys share of net assets of the
assoc|ate, |n accooance w|t| t|e Accounnng
Stanoao (AS-23) 'Accounnng o lnvestment
in Associates in Consolidated Financial
Statements'.
h) lnteests |n !o|nt ventues |ave been
accounteo by us|ng t|e oooononate
conso||oanon met|oo as oe Accounnng
Stanoao (AS-2/) 'l|nanc|a| 8eoonng o
lnteests |n !o|nt ventues'.
i) Investments other than in subsidiaries,
associates and joint ventures have been
accounteo as oe Accounnng Stanoao
(AS-13) 'Accounnng o |nvestments'.
j) As a as ooss|b|e, t|e conso||oateo nanc|a|
statements are prepared using uniform
accounnng oo||c|es o |||e tansacnons ano
other events in similar circumstances and
are presented in the same manner as the
Comoany's seoaate nanc|a| statements.
k) Figures pertaining to the subsidiaries,
associates and joint ventures have been
e-c|ass|eo w|eeve necessay to b|ng
them in line with the parent companys
nanc|a| statements.
1|e ||st o subs|o|a|es, assoc|ates ano
joint ventures which are included in the
conso||oanon ano t|e Comoany's |o|o|ngs
t|ee|n ae as unoe:
1 1|e subs|o|ay comoan|es cons|oeeo |n t|e conso||oateo nanc|a| statements ae:
Name of Subsidiary Country of Incorporanon ropornon of Cwnersh|p () as on
31st March, 2013 31st March, 2012
Atun|| lyoo L|ect|c lowe Comoany L|m|teo India /4.00 /4.00
Amb|nous lowe 1ao|ng Comoany L|m|teo India /9.34 /9.34
ue|oe Lmoeeno|mentos M|ne|os L|m|teo Mozamb|que 100.00 100.00
uon-1ea M|n|ng (lty) L|m|teo South Africa 100.00 -
ClC (uaaoos) lo|o|ng Coo Barbados 100.00 -
ClC (uabaoos) Lnegy Coo Barbados 100.00 -
CIC (Barbados) Mining Corp Barbados 100.00 -
ClC Lnegy (ua|amas) L|m|teo Bahamas 100.00 -
ClC 1ansa|ca (uabaoos) Coo Barbados 100.00 -
Coe Amb|non Lto Marshall Island 100.00 -
Core Forte Ltd Marshall Island 100.00 -
Core Integrity Ltd Marshall Island 100.00 -
Coe v|s|on Lto Marshall Island 100.00 -
Lasten So||o lue|s (lty) L|m|teo South Africa 100.00 100.00
Lnou|ng Cveseas L|m|teo Mau|nus 100.00 100.00
Lta||n lyoo L|ect|c lowe Comoany L|m|teo India /4.00 /4.00
Cas to L|qu|os lntenanona| S.A. Bolivia 8/.S6 8/.S6
lamony Cveseas L|m|teo Mau|nus 100.00 100.00
Jin Africa Limited Zambia 90.00 90.00
!|noa| (uvl) Lto uvl 100.00 -
Jindal Africa Investments (Pty) Limited South Africa 100.00 100.00
Notes
198
Jindal Africa Liberia Limited Liberia 100.00 -
Jindal Africa SA Guienea 100.00 -
!|noa| uotswana lty. Lto. Botswana 100.00 -
!|noa| uas|| M|neacao S.A. Brasil 100.00 100.00
!|noa| Lnegy (uotswana) lty L|m|teo Botswana 100.00 -
!|noa| Lnegy (SA) lty L|m|teo South Africa 100.00 -
!|noa| lyoo lowe L|m|teo India 98.80 98.80
!|noa| lnoso|unons L|m|teoQ India - 99.00
!|noa| lnvesnmentos LLA Mozamb|que 100.00 100.00
!|noa| lnvestment lo|o|ngs L|m|teo Mau|nus 100.00 100.00
Jindal Madagascar SARL Madagascar 100.00 100.00
!|noa| M|n|ng 8 Lxo|oanon L|m|teo Mau|nus 100.00 100.00
Jindal Mining (Pty) Ltd South Africa /4.00 /4.00
Jindal Mining Industry LLC Mongolia - 100.00
Jindal Mining Namibia (Pty) Limited Namibia 100.00 -
!|noa| lowe L|st|bunon L|m|teo India 98.80 98.80
Jindal Power Limited India 96.43 96.43
Jindal Power LLC Mongolia - 100.00
!|noa| lowe 1ansm|ss|on L|m|teo India 98.80 98.80
Jindal Resources (Botswana) Pty Limited Botswana 100.00 -
Jindal Steel & Power (Australia) Pty Limited Australia 100.00 100.00
Jindal Steel & Power (BC) Limited u|ns| Co|umb|a 100.00 -
!|noa| Stee| 8 lowe (Mau|nus) L|m|teo Mau|nus 100.00 100.00
Jindal Steel & Power Zimbabwe Limited Zimbabwe 100.00 100.00
!|noa| Stee| uo||v|a S.A. Bolivia S1.00 99.99
!|noa| 1anzan|a L|m|teo 1anzan|a 100.00 100.00
Jindal Zambia Limited Zambia 98.00 98.00
!SlL Mozamb|que M|nea|s LLA Mozamb|que 9/.S0 9/.S0
Jubilant Overseas Limited Mau|nus 100.00 100.00
lama|a lyoo L|ect|c lowe Comoany
L|m|teo
India /4.00 /4.00
Meeoong Lnegy (Mau|tus) (lty) L|m|teo Mau|nus 100.00 -
Meeoong Lnegy (lty) L|m|teo Botswana 100.00 -
Meepong Resources (Mauritus) (Pty) Limited Mau|nus 100.00 -
Meepong Resources (Pty) Limited Botswana 100.00 -
Meepong Service (Pty) Limited Botswana 100.00 -
Meepong Water (Pty) Limited Botswana 100.00 -
Osho Madagascar SARL Madagascar 99.33 99.33
Notes
199
Conso||oateo
lanacoe lnvestment Lto, Mau|nus Mau|nus S0.01 -
l1 ull M|n|ng |noones|a Indonesia 99.00 -
l1 !|noa| Cveseas Indonesia 99.00 99.00
l1. Mauwa| uaa Abao| Indonesia /S.00 -
l1. Sumbe Suya Cem||ang Indonesia 99.20 -
8o|||ng l|||s 8esouces LLC Mongolia - 100.00
Sao-L|ec (lty) L|m|teo South Africa 100.00 -
S|aoeeo lon 8 Stee| Co. LLC Oman 99.99 99.99
Skyhigh Overseas Limited Mau|nus 100.00 100.00
1ab|et u|ue 1aoe ano lnvest (lty) L|m|teo Namibia 100.00 -
1ans A|ca 8a|| (lty) L|m|teo Botswana 100.00 -
1ans As|a M|n|ng lte. L|m|teo Singapore 100.00 -
1ans At|annc 1ao|ng L|m|teo Guernsey 100.00 100.00
v|s|on Cveseas L|m|teo Mau|nus 100.00 100.00
Worth Overseas Limited Mau|nus - 100.00
2. 1|e assoc|ate comoan|es cons|oeeo |n conso||oateo nanc|a| statements ae:
Name of Assoc|ate Country of Incorporanon ropornon of Cwnersh|p () as on
Angul Sukinda Railway Limited India 32.10 2S.00
JB FabInfra Private Limited India 49.00 49.00
Cuaat l8L Co||ng Coa| L|m|teo Australia 31.49 -
Koleko Resources South Africa 43.00 -
Nalwa Steel & Power Limited India 40.00 40.00
Panacore shiping Pte Ltd , Singapore Singapore 40.00 -
Prodisyne (Pty) Ltd South Africa 2S.00 -
Sungu Sungu Pty Limited South Africa 33.00 -
3. 1|e o|nt ventue comoan|es cons|oeeo |n conso||oateo nanc|a| statements ae:
Name of Joint Venture Country of Incorporanon ropornon of Cwnersh|p () as on
Jindal Synfuels Limited India /0.00 /0.00
Shresht Mining and Metals Private Limited India S0.00 S0.00
Urtan North Mining Company Limited India 66.6/ 66.6/
Q Conto| ex|sts |no|ect|y t|oug| subs|o|ay
La||e |nown as !|noa| lowe 1ao|ng Comoany L|m|teo
La||e |nown as Subans|| lyoo L|ect|c lowe Co. L|m|teo
Notes
200
iv) Other Accounnng Po||c|es
1|ese ae set out unoe S|gn|cant Accounnng
lo||c|es" as g|ven |n t|e stanoa|one nanc|a|
statements o !|noa| Stee| 8 lowe L|m|teo.
v) I|xed Assets - Deprec|anon and Amornsanon
a) Tangible Assets
1ang|b|e Assets ae stateo at cost |ess
accumu|ateo oeoec|anon ano |moa|ment
|osses, | any. Costs |nc|uoe costs o
acqu|s|nons o constucnons, |nc|uo|ng
incidental expenses thereto and other
at|butab|e costs o b|ng|ng t|e asset to |ts
wo||ng cono|non o |ts |ntenoeo use ano ae
net o ava||ab|e outy/tax ceo|ts.
b) Intangible Assets
Intangible assets are recognised in accordance
w|t| t|e c|te|a |a|o oown |n Accounnng
Standard (AS-26), whereas they are separately
|oennab|e, measuab|e ano t|e Comoany
conto|s t|e utue benets a|s|ng out o
t|em. lntang|b|e assets ae stateo at cost |ess
amonsanon ano |moa|ment |osses, | any.
c) Cap|ta| Work-|n-Progress
Lxoeno|tue e|ateo to ano |ncueo ou|ng
|mo|ementanon o new/exoans|on-cum-
mooen|sanon ooects |s |nc|uoeo unoe
capital work-in-progress and the same is
a||ocateo to t|e esoecnve tang|b|e assets on
como|enon o |ts constucnon/eecnon.
d) Intangible Assets under Development
Mines development expenditure incurred
|n esoect o new |on oe/coa| ano |||ew|se
mines is shown under Intangible assets
unoe oeve|ooment' ano amonseo ove a
oe|oo o ten yeas stanng om t|e yea o
commencement o commec|a| oooucnon o
t|e utue exoecteo extacnon oe|oo o t|e
eseves baseo on actua| extacnon n|| oate,
w||c|eve |s s|ote.
e) Deprec|anon and Amornsanon
Leoec|anon on tang|b|e assets |s oov|oeo
on straight-line method (SLM) at the rates
ano |n t|e manne soec|eo |n Sc|eou|e
xlv to t|e Comoan|es Act, 19S6. Lease|o|o
|ano |s amonseo ove t|e oe|oo o |ease.
In the case of assets where impairment loss
is recognised, the revised carrying amount
|s oeoec|ateo ove t|e ema|n|ng esnmateo
useu| ||e o t|e asset.
Certain plant and machinery have been
cons|oeeo as connnuous oocess o|ant
on the basis of technical assessment and
oeoec|anon on t|e same |s oov|oeo o
accoo|ng|y.
In case of Jindal Power Limited, a subsidiary,
tang|b|e assets ae oeoec|ateo on w|ten
oown va|ue met|oo (vLv) at t|e ates ano
|n t|e manne soec|eo |n Sc|eou|e xlv to t|e
In case of foreign subsidiaries, tangible assets
are depreciated on straight-line method
(SLM) baseo uoon esnmateo useu| ||e o t|e
assets. 1|e oeoec|anon ates so comouteo
oo not substanna||y ano mate|a||y o|e om
t|e ates aoooteo by t|e oaent comoany.
lntang|b|e Assets ae amonseo on sta|g|t-
||ne met|oo (SLM) ove t|e exoecteo ouanon
o benets not exceeo|ng ten yeas.
vi) Impairment of Assets
1|e cay|ng amount o assets |s ev|eweo o
impairment at each balance sheet date wherever
events or changes in circumstances indicate that
t|e cay|ng amount may not be ecoveab|e. An
impairment loss is recognised for the amount for
which the assets carrying amount exceeds its
recoverable amount being the higher of the assets
net se|||ng o|ce ano |ts va|ue |n use. va|ue |n use |s
baseo on t|e oesent va|ue o t|e esnmateo utue
cas| fows e|anng to t|e asset. lo t|e ouoose
of assessing impairment, assets are grouped at
the lowest levels for which there are separately
|oennab|e cas| fows (|.e. cas| geneanng un|ts).
Previously recognised impairment losses are
reversed where the recoverable amount increases
because o avoab|e c|anges |n t|e esnmates
used to determine the recoverable amount since
t|e |ast |moa|ment was ecogn|seo. A evesa| o
an assets impairment loss is limited to its carrying
amount that would have been determined (net of
oeoec|anon o amonsanon) |ao no |moa|ment
|oss been ecogn|seo |n o|o yeas.
v||) Accounnng for Leases
a) Finance lease, is recognised as an asset and
a liability to the lessor at fair value at the
|nceonon o t|e |ease.
b) 1|e |ease oayments unoe ooeanng |ease
as oe esoecnve |ease ageements ae
recognised as expense in the statement of
oot ano |oss on a sta|g|t ||ne bas|s ove t|e
|ease tem.
v|||) 8orrow|ng Cost
uoow|ng cost e|ateo to a qua||y|ng asset |s wo|eo
out on t|e bas|s o actua| un||sanon o unos out
o ooect soec|c |oans ano/o ot|e boow|ngs
Notes
201
Conso||oateo
to t|e extent |oennab|e w|t| t|e qua||y|ng asset
ano |s cao|ta||seo w|t| t|e cost o qua||y|ng asset.
Other borrowing costs incurred during the period
ae c|ageo to statement o oot ano |oss.
|x) Segment kepornng
a) Idennhcanon of Segments
Primary Segment
1|e Comoany's ooeanng bus|nesses ae
organised and managed separately according
to the nature of products manufactured
and services provided, with each segment
eoesennng a stateg|c bus|ness un|t t|at
oes o|eent oooucts.
Secondary Segment
1|e geogao||ca| segments |ave been
|oenneo baseo on t|e |ocanons o t|e
customes: w|t||n lno|a ano outs|oe lno|a.
b) Inter-Segment Transfers
1|e Comoany accounts o |nte-segment
sales and transfers as if the sales or transfers
wee to t||o oanes at cuent ma|et o|ces.
loweve, |nte segment tanses o caonve/
cao|ta| consumonon |s as oe CAS-4 (Cost
Accounnng Stanoao-4).
c) A||ocanon of Common Costs
Common allocable costs are allocated to each
segment on easonab|e bas|s.
d) Una||ocated Items
lt |nc|uoes genea| aom|n|stanve exoenses,
Coooate ano ot|e omce exoenses ano
income that arise at the enterprise level and
relate to enterprise as a whole, and which are
not a||ocab|e to any bus|ness segment.
e) Segment o||c|es
1|e Comoany oeoaes |ts segment
|nomanon |n conom|ty w|t| t|e accounnng
oo||c|es aoooteo o oeoa|ng ano oesennng
t|e nanc|a| statements o t|e Comoany as a
w|o|e.
x) Va|uanon of Inventor|es
Raw materials and stores & spares are valued at
lower of cost, computed on weighted average basis
o net ea||sab|e va|ue. Cost |nc|uoes t|e ouc|ase
o|ce as we|| as |nc|oenta| exoenses. Scao |s va|ueo
at esnmateo ea||sab|e va|ue. loweve |n case o
raw materials, components, stores & spares held
o use |n t|e oooucnon o n|s|eo gooos ae not
w|ten oown be|ow cost | t|e n|s|eo oooucts ae
exoecteo to be so|o at o above cost.
vo|-|n-oocess |s va|ueo at |owe o esnmateo cost
o net ea||sab|e va|ue ano n|s|eo gooos ae va|ueo
at lower of weighted average cost or net realisable
va|ue. Cost o t||s ouoose |nc|uoes o|ect cost ano
aoooo|ate aom|n|stanve ano ot|e ove|eaos.
let ea||sab|e va|ue |s t|e esnmateo se|||ng o|ce
|n t|e oo|nay couse o bus|ness, |ess esnmateo
costs o como|enon ano esnmateo costs necessay
to ma|e t|e sa|e.
xi) Inter-Division Transfers
Inter-division transfer of goods, as independent
marketable products produced by various divisions
o caonve consumonon, |s accounteo o at
aooox|mate oeva|||ng ma|et o|ce. 1|e same
is shown as a contra item in the statement of
oot ano |oss. Any unea||seo oot on unso|o/
unconsumed stocks is eliminated while valuing
t|e |nvento|es. 1|e va|ue o suc| |nte-o|v|s|ona|
tanse |s neteo o om sa|es ano ooeanona|
income and expenses under cost of materials
consumeo ano ot|e exoenses.
lnte-o|v|s|ona| tanse/caonve consumonon
e|ateo to xeo assets |s at cost.
x||) Iore|gn Currency 1ransacnons
loe|gn cuency tansacnons ae ecooeo at
the rate of exchange prevailing at the date of the
tansacnon. Monetay oe|gn cuency assets ano
||ab|||nes ae tans|ateo at t|e yea-eno exc|ange
ates ano esu|tant ga|ns / |osses ae ecogn|seo |n
t|e statement o oot 8 |oss o t|e yea, exceot
to t|e extent t|at t|ey e|ate to (a) new ooects n||
t|e oate o cao|ta||sanon w||c| ae ca|eo to cao|ta|
wo|-|n-oogess ano t|ose e|anng to tang|b|e
assets which are adjusted to the carrying cost of the
esoecnve assets, ano (b) exc|ange o|eence a|s|ng
on the loans provided to foreign subsidiaries being
non-|ntega| oe|gn ooeanons |s accumu|ateo |n
oe|gn cuency tans|anon eseve.
In case of forward foreign exchange contracts,
exc|ange o|eences ae oea|t w|t| |n t|e statement
o oot 8 |oss ove t|e ||e o t|e contact exceot
t|ose e|anng to tang|b|e assets |n w||c| case t|ey
ae cao|ta||seo w|t| t|e cost o esoecnve tang|b|e
assets. lon-monetay oe|gn cuency |tems ae
ca|eo at ||sto|ca| cost.
In case of foreign subsidiaries, with non-integral
oe|gn ooeanons, evenue |tems ae conveteo at
t|e aveage ate oeva|||ng ou|ng t|e yea. A|| assets
ano ||ab|||nes ae conveteo at t|e ates oeva|||ng
at t|e eno o t|e yea. Lxc|ange o|eence a|s|ng
on conversion is recognised in Foreign Currency
1ans|anon 8eseve.
xiii) Investments
Investments that are readily realisable and intended
to be |e|o o not moe t|an a yea ae c|ass|eo
Notes
202
as cuent |nvestments. A|| ot|e |nvestments ae
c|ass|eo as |ong-tem |nvestments. lon-cuent
|nvestments ae ca|eo at cost. lov|s|on |s maoe
w|en, |n t|e oo|n|on o t|e management, o|m|nunon
in the value of investment is other than temporary in
natue. 1|e eoucnon |n cay|ng amount |s eveseo
when there is a rise in value of investments or if the
eason o t|e eoucnon no |onge ex|sts. Cuent
investments are carried at the lower of cost or
ma|et / a| va|ue.
x|v) kevenue kecogn|non
a) Revenue from sale of goods is recognised on
tanse o s|gn|cant |s|s ano ewaos o
ownes||o to t|e buye.
b) Coss 8evenue om ooeanons como|ses
o sa|e o oooucts ano ot|e ooeanng
|ncome w||c| a|so |nc|uoes exoot |ncennves
ano av|anon |ncome. 'let 8evenue om
ooeanons', net o exc|se outy ano lnte-
o|v|s|ona| tanse |s a|so o|sc|oseo seoaate|y.
c) Sales are inclusive of excise duty but net of
etuns, ebates, vA1 ano sa|es tax. looucts
returned are accounted for in the year of
etun.
d) Lxoot sa|es ae accounteo o on t|e bas|s o
t|e oate o b||| o |ao|ng/a|ways b|||.
e) Lxoot benets ava||ab|e unoe t|e Lxoot
Import policy of the Government of India are
accounted for in the year of export, to the
extent measuab|e.
f) lncome om av|anon ano ot|e sev|ces |s
accounteo o at t|e nme o como|enon o
sev|ce ano b||||ng t|eeo.
xv) Cther Income
a) Claims Rece|vab|e
1|e quantum o accua|s |n esoect o c|a|ms
receivable such as from Railways, Insurance,
L|ect|c|ty, Customs, Lxc|se ano t|e |||e ae
accounted for on accrual basis to the extent
t|ee |s ceta|nty o u|nmate ea||sanon.
b) Income from Investment
Income from Investment is accounted for on
accrual basis when the right to receive income
|s estab||s|eo.
xv|) Lxc|se Duty
Lxc|se Luty ||ab|||ty on n|s|eo gooos manuactueo
and lying in the factory is accounted for and the
coesoono|ng amount |s cons|oeeo o va|uanon
t|eeo.
xv||) Lmp|oyee 8enehts
Lxoenses 8 ||ab|||nes |n esoect o emo|oyee
benets ae ecooeo |n accooance w|t| Accounnng
Stanoao (AS-1S) 'Lmo|oyee uenets'
a) Provident Fund
1|e Comoany cont|butes to Covenment
administered fund as well as Provident fund
1ust. 1|e |nteest ate oayab|e by t|e tust
to benec|a|es evey yea |s be|ng noneo
by Covenment. 1|e Comoany ma|es gooo
oec|ency, | any, |n t|e |nteest ate oec|aeo
by t|e tust v|s-a-v|s statutoy ate.
b) Gratuity
Catu|ty |s a oost emo|oyment benet ano |s
|n t|e natue o a oeneo benet o|an. 1|e
liability recognised in the Balance Sheet in
respect of gratuity is the present value of
t|e oeneo benet/ob||ganon at t|e ua|ance
Sheet date less the fair value of plan assets,
together with adjustment for unrecognised
actua|a| ga|ns o |osses ano oast sev|ce costs.
1|e oeneo benet/ob||ganon |s ca|cu|ateo
at or near the Balance Sheet date by an
independent Actuary using the projected unit
ceo|t met|oo. Actua|a| ga|ns o |osses ae
immediately recognised in the statement of
oot 8 |oss ano not oeeeo.
c) Compensated Absences
Liability in respect of compensated absences
due or expected to be availed within one year
from the Balance Sheet date is recognised
on the basis of undiscounted value of
esnmateo amount equ|eo to be oa|o o
esnmateo va|ue o benet exoecteo to be
ava||eo by t|e emo|oyees. L|ab|||ty |n esoect
of compensated absences becoming due or
expected to be availed more than one year
ae t|e ua|ance S|eet oate |s esnmateo on
t|e bas|s o an actua|a| va|uanon oeomeo
by an independent Actuary using the
ooecteo un|t ceo|t met|oo.
d) Other Short Term Benehts
Lxoense |n esoect o ot|e s|ot tem
benets |s ecogn|seo on t|e bas|s o t|e
amount paid or payable for the period during
w||c| sev|ces ae enoeeo by t|e emo|oyee.
e) Overseas subsidiaries and their step down
subsidiaries are recognising employee
benets o t|e natue eeeo above as oe
applicable local laws of the country in which
t|ey |ave been |ncoooateo/ooeanng.
Notes
203
Conso||oateo
xviii) kesearch and Deve|opment Lxpend|ture
8eseac| ano Leve|ooment exoeno|tue not u||||ng
t|e ecogn|non c|te|a as set out |n Accounnng
Standard (AS-26) Intangible Assets is charged
to t|e statement o oot ano |oss w|||e cao|ta|
exoeno|tue |s aooeo to t|e cost o xeo assets |n
t|e yea |n w||c| |t |s |ncueo.
x|x) 1axes on Income
a) Current Tax
I) Indian Companies:
Provision for current tax is made
considering various allowances and
benets ava||ab|e to t|e Comoany
unoe t|e oov|s|ons o t|e lncome 1ax
Act, 1961.
II) Foreign Companies:
Foreign subsidiaries and associates
recognise tax liability in accordance
w|t| t|e aoo||cab|e |oca| |aws.
b) Deferred Tax
ln accooance w|t| Accounnng Stanoao
(AS-22) 'Accounnng o 1axes on lncome',
oeeeo taxes esu|nng om nm|ng
o|eences between boo| ano tax oots ae
accounteo o at t|e tax ate substannve|y
enacted by the Balance Sheet date to the
extent t|e nm|ng o|eences ae exoecteo
to be cysta|||seo. Leeeo tax assets ae
recognised and reviewed at each Balance
S|eet oate to t|e extent t|ee |s easonab|e/
virtual certainty of realising such assets
against future taxable income
c) M|n|mum A|ternate 1ax
M|n|mum A|tenate 1ax (MA1) ceo|t |s
recognised as an asset only when and to the
extent there is convincing evidence that the
Company will pay normal income tax during
t|e soec|eo oe|oo.
xx) rov|s|ons, Connngent L|ab|||nes,
Commitments and Connngent Assets
lov|s|ons ae ecogn|seo o oesent ob||ganons o
unceta|n nm|ng o amount a|s|ng as a esu|t o a
oast event w|ee a e||ab|e esnmate can be maoe
ano |t |s oobab|e t|at an ouu|ow o esouces
embooy|ng econom|c benets w||| be equ|eo to
set|e t|e ob||ganon. v|ee |t |s not oobab|e t|at an
w||| be equ|eo o t|e amount cannot be esnmateo
e||ab|y, t|e ob||ganon |s o|sc|oseo as a connngent
liability and commitments, unless the probability of
|s emote.
loss|b|e ob||ganons, w|ose ex|stence w||| on|y be
conmeo by t|e occuence o non-occuence o
one or more uncertain events, are also disclosed
as connngent ||ab|||nes ano comm|tments un|ess
t|e oobab|||ty o ouu|ow o esouces embooy|ng
econom|c benets |s emote.
Connngent assets ae ne|t|e ecogn|seo no
o|sc|oseo |n t|e nanc|a| statements.
xxi) Earnings Per Share
1|e ean|ngs cons|oeeo |n asceta|n|ng t|e
Comoany's ean|ngs oe s|ae (LlS) como|se
o t|e net oot ae tax at|butab|e to equ|ty
s|ae|o|oes. 1|e numbe o s|aes useo |n
comounng bas|c LlS |s t|e we|g|teo aveage numbe
of shares outstanding during the period adjusted
for events of bonus issue post period end, bonus
e|ements |n |g|t |ssue to ex|snng s|ae|o|oes,
s|ae so||t, ano evese s|ae so||t (conso||oanon o
s|aes). 1|e o||uteo LlS |s ca|cu|ateo on t|e same
bas|s as bas|c LlS, ae aousnng o t|e eect o
ootenna| o||unve equ|ty s|aes un|ess |moact |s
ann-o||unve.
xx||) I|nanc|a| Der|vanves
Forward contracts, other than those entered into
to hedge foreign currency risk on unexecuted
m comm|tments o ||g||y oobab|e oecast
tansacnons, ae teateo as oe|gn cuency
tansacnons ano accounteo o as oe Accounnng
Stanoao (AS-11) '1|e Lects o C|anges |n loe|gn
Lxc|ange 8ates'. Lxc|ange o|eences a|s|ng on
such contracts are recognised in the period in which
t|ey a|se.
A|| ot|e oe|vanve contacts, |nc|uo|ng owao
contacts enteeo |nto to |eoge oe|gn cuency/
|nteest ate |s| on unexecuteo m comm|tments
ano ||g||y oobab|e oecast tansacnons, ae
ecogn|seo |n t|e nanc|a| statements at a|
va|ue at eac| eoonng oate, |n ousuance o
t|e announcement o 1|e lnsntute o C|ateeo
Accountants o lno|a (lCAl) on Accounnng o
Le|vanves.
xxiii) Cash and Cash Equivalents
Cas| ano cas| equ|va|ents cons|st o cas|, ban|
ba|ances |n cuent ano s|ot-tem ||g||y ||qu|o
|nvestments t|at ae eao||y convenb|e to cas| w|t|
o|g|na| matu|nes o t|ee mont|s o |ess at t|e
nme o ouc|ase.
Notes
204
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
3. SHARE CAPITAL
Authorised
2,00,00,00,000 (lev|ous yea 2,00,00,00,000) Lqu|ty S|aes o ` 1 each 200.00 200.00
200.00 200.00
Issued, Subsc|bed and Iu||y a|d-up
93,48,33,818 (lev|ous yea 93,48,33,818) Lqu|ty S|aes o ` 1 each 93.48 93.48
Total Share Capital 93.48 93.48
(a) keconc|||anon of the number of shares outstand|ng at the beg|nn|ng and at the end of the repornng per|od:
arncu|ars No. of Shares No. of Shares
Lqu|ty S|aes outstano|ng at t|e beg|nn|ng o t|e yea 93,48,33,818 93,42,69,031
Aoo: Lqu|ty S|aes |ssueo unoe emo|oyees stoc| oonon sc|eme - S,64,/8/
Lqu|ty S|aes outstano|ng at t|e c|ose o t|e yea 93,48,33,818 93,48,33,818
b) 1erms]r|ghts auached to equ|ty shares
1|e Comoany |as on|y one c|ass o equ|ty s|aes |av|ng oa va|ue o ` 1 oe s|ae. Lac| |o|oe o equ|ty s|ae |s ennt|eo
to one vote oe s|ae. 1|e Comoany oec|aes o|v|oenos |n lno|an uoees. 1|e o|v|oeno ooooseo by t|e uoao o L|ectos
|s subect to t|e aooova| o t|e S|ae|o|oes |n t|e ensu|ng Annua| Cenea| Meenng.
Lu|ng t|e yea enoeo 31st Mac| 2013, t|e amount o oe s|ae o|v|oeno ooooseo, subect to aooova| o s|ae|o|oes
|n annua| genea| meenng, o o|st|bunon to equ|ty s|ae|o|oes |s ` 1.60 (lev|ous ?ea ` 1.60)
ln t|e event o ||qu|oanon o t|e Comoany, t|e |o|oes o equ|ty s|aes w||| be ennt|eo to ece|ve assets o t|e Comoany.
1|e o|st|bunon w||| be |n oooonon to t|e numbe o equ|ty s|aes |e|o by t|e s|ae|o|oes.
c) Aggregate number of bonus shares |ssued, shares |ssued for cons|deranon other than cash and shares bought back
dur|ng the per|od of hve years |mmed|ate|y preced|ng the repornng date:
Lu|ng ve yeas |mmeo|ate|y oeceeo|ng 31st Mac|, 2013,t|e Comoany |as not a||oteo any equ|ty s|aes as u||y oa|o-uo
ousuant to contacts o cons|oeanon ot|e t|an cas|.
Lu|ng ve yeas |mmeo|ate|y oeceeo|ng 31st Mac|, 2013, t|e Comoany |as not boug|t bac| any equ|ty s|aes.
Lu|ng t|e yea enoeo 31st Mac|, 2010, t|e Comoany a||oteo //,S6,S1,S30 equ|ty s|aes as u||y oa|o bonus s|aes by
cao|ta||s|ng secu|nes oem|um eseve.
ln aoo|non t|e Comoany |as a||oteo t|e o||ow|ng equ|ty s|aes ou|ng t|e oeceo|ng ve yeas unoe |ts va|ous
Lmo|oyees Stoc| oonon sc|emes (lote no.-3 be|ow)
During the year ended No. of Shares
31st March, 2013 -
31st March, 2012 S,64,/8/
31st March, 2011 30,34,949
31st March, 2010 9,29,869
31st Mac|, 2009 6,91,343
31st Mac|, 2008 -
Total S2,20,948
Notes
205
Conso||oateo
Notes
d) Deta||s of shareho|ders ho|d|ng more than S shares |n the Company
Name of the shareholder As at 31st March, 2013 As at 31st March, 2012
No. of Shares ho|d|ng No. of Shares ho|d|ng
Equity Shares of ` 1 each fu||y pa|d
Gagan Infraenergy Limited 66,9S4,060 /.16 66,9S4,060 /.16
Opelina Finance and Investment Limited /9,838,960 8.S4 /9,838,960 8.S4
Sun Investment Limited 86,9/8,940 9.30 86,9/8,940 9.30
As oe ecoos o t|e Comoany, |nc|uo|ng |ts eg|ste o s|ae|o|oes/membes ano ot|e oec|aanons ece|veo om s|ae|o|oes
egao|ng benec|a| |nteest, t|e above s|ae|o|o|ng eoesents bot| |ega| ano benec|a| ownes||os o s|aes.
e) Forfeited Shares
lusuant to t|e eso|unon oasseo at t|e exta
oo|nay meenng oateo 4t| Seotembe 2009, t|e
Comoany ec|ass|eo t|e aut|o|seo s|ae cao|ta|
o t|e Comoany by cance||anon o 1,00,00,000
Preference Shares of ` 100 each and simultaneous
ceanon o 1,00,00,00,000 es| Lqu|ty S|aes o
` 1 each and increased the authorised share capital
to ` 2,00,00,00,000.
Consequent|y, t|e Comoany |ao cance||eo
20,00,000 preference shares of ` 100 each (` S oa|o
uo) w||c| wee oee|teo ea||e. uoon cance||anon
of such shares, the amount of ` 1,00,00,000 was
tanseeo to Cenea| 8eseve.
f) Shares Reserved for Issue under Opnons
1|e oeta||s o s|aes eseveo o |ssue unoe
Lmo|oyee stoc| oonon (LSCl) o|an o t|e Comoany
ae as unoe:
1|e Lmo|oyees Stoc| Conon Sc|eme - 200S (LSCS-
200S) was aoooveo by t|e s|ae|o|oes o t|e
Comoany |n t|e| Annua| Cenea| Meenng |e|o
on 2St| !u|y, 200S ano amenoeo by s|ae|o|oes
on 2/t| Seotembe, 2006. unoe LSCS-200S, a
max|mum o 11,00,000 (L|even |acs) equ|ty s|aes
of ` S/- eac| cou|o be ganteo to t|e emo|oyees
o t|e Comoany ano |ts subs|o|ay Comoany(|es).
ln-o|nc|o|e aooova| om lanona| Stoc| Lxc|ange
o lno|a L|m|teo (lSL) ano uombay Stoc| Lxc|ange
L|m|teo (uSL) was g|ven on 1st lebuay, 2006. A
Comoensanon Comm|tee was consntuteo by t|e
uoao o L|ectos o t|e Comoany |n t|e| meenng
|e|o on 12t| May, 200S o t|e aom|n|stanon o
LSCS-200S. unoe LSCS-200S, t|e Comoensanon
Comm|tee |as ganteo stoc| oonons as
o||ows:-
a) 8,S9,400 (L|g|t |acs y n|ne t|ousano ou
|unoeo) stoc| oonons on 26t| lovembe,
200S at an exec|se o|ce o ` 1,014/- oe
s|ae (Se|es -1) w||c| wou|o vest ae 2
years from the date of grant to the extent of
2S (lat 3),
b) 1,29,SS0 (Cne |ac twenty n|ne t|ousano
ve |unoeo y) stoc| oonons on 2no
September, 2006 at an exercise price of
` 1,121/- oe s|ae (Se|es - ll) w||c| wou|o
vest ae 2 yeas om t|e oate o gant to
t|e extent o S0 (lat 1), ae 3 yeas om
t|e oate o gant to t|e extent o 2S (lat 2)
ano ae 4 yeas om t|e oate o gant to t|e
extent o 2S (lat 3), ano
c) 1,36,9S0 (Cne |ac t||ty s|x t|ousano n|ne
|unoeo y) stoc| oonons on 2/t| Ao||,
2007 at an exercise price of ` 1,819/- oe
s|ae (Se|es - lll) w||c| wou|o vest ae 2
2S (lat 3).
lusuant to C|ause S.3 () o SLul (Lmo|oyees
Stoc| Conon Sc|eme ano Lmo|oyees Stoc|
luc|ase Sc|eme) Cu|oe||nes, 1999 ano oaa
18 o t|e Lmo|oyees Stoc| Conon Sc|eme
-200S o t|e Comoany, t|e Comoensanon
Comm|tee |s aut|o|seo to ma|e a a| ano
reasonable adjustment to the number of
oonons ano to t|e exec|se o|ce |n esoect o
oonons ganteo to t|e emo|oyees unoe t|e
Sc|eme |n case o coooate acnons suc| as
|g|t |ssue, bonus |ssue, mege etc.
Cn 2/t| Lecembe, 200/, sub-o|v|s|on o t|e ace
va|ue o eac| equ|ty s|ae o t|e Comoany om
` S/- to S equ|ty s|aes o ` 1/- eac| was aoooveo
206
by t|e s|ae|o|oes |n t|e| Cenea| Meenng.
1|eeae, t|e Comoensanon Comm|tee |as, |n
|ts meenng |e|o on 2/t| !anuay, 2008, maoe an
adjustment to the exercise price by reducing it in case
of Series I to ` 203/- Se|es ll to ` 22S/- ano Se|es lll
to ` 364/- oe equ|ty s|ae o ` 1/- eac| ano to t|e
numbe o oonons by |nceas|ng |t S nmes t|e o|g|na|
gant consequent to w||c| t|e numbe o max|mum
oonons t|at cou|o be |ssueo unoe t|e Lmo|oyees
Stoc| Conon Sc|eme-200S |nceaseo to SS,00,000
(l|y ve |acs) [o|g|na||y 11,00,000 (L|even |acs)]
1|eeae, t|e o||ow|ng a||otments o equ|ty s|aes
wee maoe unoe LSCS-200S on t|e exec|se o
oonons:-
a) 6,91,343 (S|x |acs n|nety one t|ousano t|ee
|unoeo oty t|ee) equ|ty s|aes o ` 1/-
eac| wee a||oteo on 16t| !une, 2008 on
Se|es l o LSCS 200S,
b) S/,136 (l|y seven t|ousano one |unoeo
t||ty s|x) equ|ty s|aes o ` 1/- eac| wee
a||oteo on 13t| Ao||, 2009 on exec|se o
oonons ganteo unoe lat 1 o Se|es ll o
LSCS 200S,
c) 4,20,48/ (lou |acs twenty t|ousano ou
|unoeo e|g|ty seven) equ|ty s|aes o
` 1/- eac| wee a||oteo on 21st !u|y, 2009 on
Se|es l o LSCS 200S.
1|e ema|n|ng 43,31,034 (loty t|ee |acs
t||ty one t|ousano t||ty ou) equ|ty
shares of ` 1/- eac| wee ava||ab|e o
a||otment unoe LSCS -200S ae t|e above 3
a||otments.
Cn 4t| Seotembe, 2009, |ssue o S equ|ty s|aes
of ` 1/- eac| as bonus s|aes on eac| ex|snng
equ|ty s|ae o t|e Comoany was aoooveo by t|e
s|ae|o|oes |n t|e| Cenea| Meenng ano on 19t|
Seotembe, 2009, u||y oa|o-uo bonus s|aes wee
a||oteo.
1|eeae, ousuant to c|ause S.3 () o SLul
(Lmo|oyees Stoc| Conon Sc|eme ano Lmo|oyees
Stoc| luc|ase Sc|eme) Cu|oe||nes, 1999 ano oaa
18 o t|e Lmo|oyees Stoc| Conon Sc|eme - 200S o
t|e Comoany, t|e Comoensanon Comm|tee |as, |n
|ts meenng |e|o on 31st Cctobe, 2009 maoe t|e
o||ow|ng aoustments:-
a) 1|e numbe o unexec|seo oonons ano
oonons yet to be ganteo |s |nceaseo by S
nmes Consequent|y |nceas|ng t|e numbe
o unexec|seo oonons ano oonons yet to be
ganteo om 43,31,034 (loty t|ee |acs t||ty
one t|ousano t||ty ou) to 2,S9,86,204 (1wo
coe y n|ne |acs e|g|ty s|x t|ousano two
|unoeo ou),
b) 1|e o|ce o unexec|seo oonons was eouceo
in case of Series I to ` 34/-, Se|es ll to ` 38/-
and Series III to ` 61/- oe equ|ty s|ae o
` 1/- eac|.
ln-o|nc|o|e aooova| o ||snng o aoo|nona|
2,16,SS,1/0 (1wo coe s|xteen |acs y
ve t|ousano one |unoeo seventy) equ|ty
s|aes wee obta|neo om lSL ano uSLs.
1|eeae, t|e o||ow|ng a||otments o equ|ty
s|aes wee maoe unoe LSCS-200S on
exec|se o oonons:-
4,S2,246 (lou |acs y two t|ousano two
|unoeo oty s|x) equ|ty s|aes o ` 1/- eac|
wee a||oteo on 30t| !anuay, 201C on
exec|se o oonons ganteo unoe oat 1 o
Se|es lll o LSCS 200S.
2,S2,006 (1wo |acs y two t|ousano s|x)
equ|ty s|aes o ` 1/- eac| wee a||oteo
on 13t| Ao||, 201C on exec|se o oonons
ganteo unoe oat 2 o Se|es ll o LSCS
200S.
24,S6,922 (1wenty ou |acs y S|x t|ousano
n|ne |unoeo twenty two) equ|ty s|aes o
` 1/- eac| wee a||oteo on 23o !une, 2010
Se|es l o LSCS 200S.
3,26,021 (1|ee |acs twenty S|x t|ousano
twenty one) equ|ty s|aes o ` 1/- eac| wee
a||oteo on 01st lebuay, 2011 on exec|se
o oonons ganteo unoe oat 2 o Se|es lll o
LSCS 200S.
2,40,S64 (1wo |acs oty t|ousano ve
|unoeo s|xty ou) equ|ty s|aes o ` 1/- eac|
wee a||oteo on 14t| Ao||, 2011 on exec|se
o oonons ganteo unoe oat 3 o Se|es ll o
LSCS 200S.
3,24,223 (1|ee |acs twenty ou t|ousano two
|unoeo twenty t|ee) equ|ty s|aes o ` 1/-
eac| wee a||oteo on 12t| Lecembe, 2011
Se|es lll o LSCS 200S.
Notes
207
Conso||oateo
Notes
1|e Leta||s o LSCS-200S ae as unoe:
arncu|ars LSCS-200S
Series-I Series-II Series-III
1 Grant Price Rupees 34 38 61
2 Cant Late 26t| lovembe, 200S 2nd September, 2006 27th April, 2007
3 vesnng commences on 26th November, 2007 2no Seotembe, 2008 2/t| Ao||, 2009
4 vesnng Sc|eou|e S0 o gant on 26t|
November, 2007,
on 26t| lovembe,2009
S0 o gant on 2no
Seotembe, 2008,
subsequent 2S o
gant on 02.09.2009 ano
ba|ance 2S o gant on
2nd September, 2010
S0 o gant on 2/t|
Ao||, 2009, subsequent
2S o gant on 2/t|
April, 2010 and balance
2S o gant on 2/t|
April, 2011
S Conon ganteo ano outstano|ng at
the beginning of the year
- - -
6 Conon ganteo ou|ng t|e yea
(due to bonus shares)
- - -
7 Conon |aoseo ano/o w|t|oawn
during the period
- - -
8 Conon exec|seo ou|ng t|e yea
aga|nst w||c| s|aes wee a||oteo
- - -
9 Conon ganteo ano outstano|ng at
the end of the year of which
- - -
- Conons vesteo
- Conons yet to vest
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
4. RESERVES AND SURPLUS
a) Sales Tax Subsidy/Capital Reserve
As oe |ast nanc|a| statements 338.0/ 299.1S
Aoo: Lu|ng t|e yea 30.63 38.92
Closing Balance 368.70 338.07
Cne o t|e Comoany's exoans|on un|ts at 8a|ga| (C||amsga|) |s e||g|b|e o sa|es tax exemonon ow|ng to |ts |nvestment
|n cao|ta| assets unoe t|e State |noust|a| oo||cy w||c| a|ms towaos t|e obecnve o |noust|a||sanon o t|e State ano
oeve|ooment o bac|wao aeas. 1|e oe|oo o exemonon |s ||n|eo to t|e quantum o |nvestment. 1|e Comoany |as been
advised that the element of sales tax included in the sales price of products sold out of this Unit is in the nature of sales tax
subs|oy ganteo by t|e State Covenment. Accoo|ng|y, t|e same amounnng to ` 30.63 coe (lev|ous yea ` 38.92 coe)
|as been ceo|teo ou|ng t|e yea to Sa|es 1ax Subs|oy 8eseve Account. 1|e cumu|anve amount ceo|teo to Sa|es 1ax Subs|oy
Reserve account up to 31st March, 2013 is ` 266./4 coe (lev|ous yea ` 236.11 coe).
b) Cap|ta| kedempnon keserve
As oe |ast nanc|a| statements /0.00 /0.00
Aoo: Lu|ng t|e yea - -
208
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
c) Secur|nes rem|um keserve
As oe |ast nanc|a| statements 12/.22 123.43
Aoo: Aoo|nons ou|ng t|e yea on account o Lmo|oyees' stoc| oonon
schemes
- 2.83
Aoo: 1anseeo om Stoc| oonons Cutstano|ng account - 0.96
lote no.-3 ()
d) Debenture kedempnon keserve
As oe |ast nanc|a| statements S04.00 1S1.00
Aoo: 1anseeo om suo|us |n Statement o lot ano Loss 12/.00 3S3.00
Less: 1anseeo to suo|us |n Statement o lot ano Loss (13/.S0) -
Closing Balance 493.S0 S04.00
e) Share Cpnon Cutstand|ng Account
As oe |ast nanc|a| statements - 1./9
Less: 1anseeo to secu|nes oem|um eseve - (0.96)
Less: Leeeo emo|oyee stoc| comoensanon - (0.83)
Closing Balance - -
f) Other Reserves
Cap|ta| keserve on Conso||danon
Aoo: Lu|ng t|e yea 281.3S -
keva|uanon keserve
As oe |ast nanc|a| statements (0.01) (0.01)
Aoo: Lu|ng t|e yea 0.01 -
Closing Balance - (0.01)
Central/State Subsidy Reserve
Less: 1anse to Cenea| eseve - -
Iore|gn Currency 1rans|anon keserve
As oe |ast nanc|a| statements 190.96 16./2
Aoo: Lu|ng t|e yea 98.6S 1/4.24
General Reserve
As oe |ast nanc|a| statements 1,184.S9 962.0S
Aoo: 1anseeo om Statement o lot ano Loss 1/S.00 222.S4
Closing Balance 1,3S9.S9 1,184.S9
Notes
209
Conso||oateo
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
g) Surp|us |n Statement of roht and Loss
As oe |ast nanc|a| statements 1S,169.0S 11,9S9.00
Aoo: Lu|ng t|e yea 2,910.11 3,964.90
Less: Aoooo|anons -
- 1anse to Lebentue 8eoemonon 8eseve 12/.00 3S3.00
- 1anse om Lebentue 8eoemonon 8eseve (13/.S0) -
- 1anse to Cenea| 8eseve 1/S.00 222.S4
- loooseo o|v|oeno on equ|ty s|aes Q ` 1.60 oe s|ae (lev|ous yea
Q ` 1.60 oe s|ae)
149.S/ 149.46
- Corporate tax on proposed dividend 3.32 3.1S
- lnte|m L|v|oeno on Lqu|ty S|aes - uy subs|o|ay 4.82 4.82
- Coooate 1ax on lnte|m L|v|oeno - uy subs|o|ay 21.88 21.88
Net Surp|us |n the Statement of roht and Loss 17,73S.07 1S,169.0S
Total Reserves & Surplus 21,1S8.78 18,017.62
1|e Comoany |as maoe a oov|s|on o ` 3.32 coe (lev|ous yea ` 3.1S coe) net o evesa| o ` NIL (Previous year
` 0.02 coe) o coooate o|v|oeno tax on t|e amount o o|v|oeno ooooseo o t|e yea enoeo 31st Mac|, 2013 ae
cons|oe|ng t|e set-o o |nte|m o|v|oeno oec|aeo by a subs|o|ay Comoany o t|e same nanc|a| yea, as oe t|e
oov|s|ons o secnon 11S-C o t|e lncome 1ax Act, 1961.
ln t|e yea 2010-11, o|v|oeno ooooseo e|anng to t|e s|aes unoe LSCS was maoe on t|e bas|s o oonons vesteo but
not exec|seo n|| t|e eno o t|e nanc|a| yea. lov|s|on maoe |n esoect o oonons |aoseo ano not exec|seo |n t|e yea
2011-12 |ao been aousteo w|t| t|e o|v|oeno ooooseo o t|e yea enoeo on 31st Mac|, 2012.
(` in Crore)
arncu|ars
5. LCNG1LkM 8CkkCWINGS
a) Secured Long-term Borrow|ngs
i) Debentures
` 10,00,000 each
L|e lnsuance Coooanon o
India)
1,000.00 1,000.00 - -
` 10,00,000 each
(l|vate|y o|aceo |n|na||y w|t| Sul
Life Insurance Company Limited)
62.00 62.00 - -
Notes
210
` 10,00,000 each
ICICI Lombard General Insurance
Company Limited)
2S.00 2S.00 - -
` 10,00,000 each
lClCl luoenna| L|e lnsuance
Company Limited)
/S.00 /S.00 - -
` 10,00,000 each
L|e lnsuance Coooanon o
India)
S00.00 S00.00 - -
1,662.00 1,662.00 - -
ii) 1erm Loans from 8anks 11,963.24 /,126.62 8S0.80 316.9/
- -
iii) Cther Loans from 8anks 149.92 1//.32 - -
12,113.16 7,303.94 8S0.80 316.97
Secured Long term borrow|ngs 13,77S.16 8,96S.94 8S0.80 316.97
(` in Crore)
arncu|ars
5. LCNG1LkM 8CkkCWINGS (CCN1D.)
DEBENTURES
|) Lebentues o ` 1,000 coe o|aceo |n|na||y w|t| L|e
a||otments |.e. ` 100 coe (12t| Cctobe, 2009), ` 1S0 coe
(22no Cctobe, 2009), ` 1S0 coe (24t| lovembe, 2009),
` 1S0 coe (24t| Lecembe, 2009), ` 1S0 coe (2St|
January, 2010), ` 1S0 coe (19t| lebuay, 2010) ano
` 1S0 coe (26t| Mac|, 2010). 1|e oebentues ae
secured on pari-passu charge basis by way of mortgage
xeo assets ceateo/to be ceateo on t|e 6x13S Mv lowe
l|ant loect at Angu|, Co|s|a |n avou o t|e Lebentue
1ustees.
||) Lebentues o|aceo |n|na||y w|t| Sul L|e lnsuance Comoany
Limited on private placement basis are redeemable at par in
S equa| annua| |nsta|ments commenc|ng om t|e eno o 8
yeas om t|e oate o a||otment |.e. 29t| Lecembe, 2009.
1|e oebentues ae secueo on oa| oassu bas|s by way
o motgage o |mmovab|e oooenes ano |yoot|ecanon
o movab|e assets ceateo/to be ceateo on t|e 6x13S
MW Power Plant Project at Angul, Odisha in favour of the
Lebentue 1ustees.
|||) Lebentues o|aceo |n|na||y w|t| lClCl Lombao Cenea|
Insurance Company Limited on private placement basis
are secured on pari-passu basis by way of mortgage of
|mmovab|e oooenes ano |yoot|ecanon o movab|e
xeo assets o t|e Comoany |n avou o t|e Lebentue
1ustees.
Notes
211
Conso||oateo
|v) Lebentues o|aceo |n|na||y w|t| lClCl luoenna| L|e
Insurance Company Limited on private placement basis
are secured on pari-passu basis by way of mortgage of
|mmovab|e oooenes ano |yoot|ecanon o movab|e
1ustees.
v) Lebentues o ` S00 coe o|aceo |n|na||y w|t| L|e
a||otments |.e. ` 100 coe (24t| August, 2009), ` 80 coe
(8t| Seotembe, 2009), ` 80 coe (8t| Cctobe, 2009),
` 80 coe (9t| lovembe, 2009), ` 80 coe (8t| Lecembe,
2009) ano ` 80 coe (8t| !anuay, 2010). 1|e oebentues
are secured on pari-passu charge basis by way of mortgage
1ustees.
TERM LOANS
i) Loans of ` 9/.98 coe (lev|ous yea ` 1/6.S4 coe) ae
Stee| exoans|on ooect at 8a|ga|, C||amsga|,
ii) Loans of ` 104.04 coe (lev|ous yea ` 1S0.40 coe) ae
l|ate M||| ooect at 8a|ga|, C||amsga|,
iii) Loans of ` 42.86 coe (lev|ous yea ` //.14 coe) ae
3x2S Mv lowe l|ant at 8a|ga|, C||amsga|,
iv) Loans of ` 2,/99.40 coe (lev|ous yea ` NIL) are secured
by exc|us|ve c|age on xeo assets ceateo/to be ceateo
unoe t|e L8l ooect at Angu|, Co|s|a,
v) Loans of ` 609.S9 coe (lev|ous yea ` 698.4/ coe) ae
2x13S Mv lowe l|ant (l|ase - 1) at Longamau|a, 8a|ga|,
C||amsga|,
vi) Loans of ` 680.2S coe (lev|ous yea ` 4S0.00 coe)
ae secueo by exc|us|ve c|age on xeo assets ceateo/
to be ceateo unoe 2x13S Mv lowe l|ant (l|ase - 2) at
Longamau|a, 8a|ga|, C||amsga|,
vii) Loans of ` 3,1S4.SS coe (lev|ous yea ` 1,841.10 coe)
ae secueo by exc|us|ve c|age on xeo assets ceateo/to
be ceateo unoe 1.6 M1lA lntegateo Stee| l|ant ano 1.S
M1lA l|ate M||| ooect at Angu|, Co|s|a,
viii) Loans of ` 1,692.20 coe (lev|ous yea ` 1,3/0.00 coe)
ae secueo/to be secueo by exc|us|ve c|age on xeo
assets ceateo/to be ceateo unoe 6x13S Mv lowe l|ant
loect at Angu|, Co|s|a,
ix) Loan of ` 234.14 coe (lev|ous yea ` 2S0.00 coe)
ae secueo by subsev|ent c|age on xeo assets o t|e
Comoany,
8eoayments ano lnteest ates o t|e above 1em Loans ae as o||ows:
Year 2013-14 2014-1S 201S-16 2016-17 & Above
Amount 8S0.80 1,434.23 1,3S6.99 S,//2.99
1|e |nteest ate o t|e above tem |oans va|es om 8.41 to 13.2S o.a
TERM LOANS (in foreign subsidiaries)
i) Loan of ` 2,S83.49 coe (lev|ous ?ea ` 2,429.93 coe)
|s secueo by st an||ng |ega| c|age |n esoect o a|| t|e
xeo assets o S|aoeeo lon 8 Stee| LLC 1.S M1lA lot
b|queteo lon loect at So|a, Cman, ano ass|gnment
o lntecoooate |oans o uS$ 4/S m||||on ganteo by
!|noa| Stee| 8 lowe (Mau|nus) L|m|teo to S|aoeeo lon 8
Steel LLC in favour of the lenders with further lien on the
designated account used for repayment of loan by Shadeed
lon 8 Stee| LLC to !|noa| Stee| 8 lowe (Mau|nus)
L|m|teo.1|e above |oan |as been ut|e guaanteeo by
t|e Comoany".
Repayment Schedu|e
S0 at t|e eno o 4.S yeas om t|e oate o st o|sbusement
o |oan ano t|e ba|ance S0 at t|e eno o S yeas om st
o|sbusement.
ii) Loan of ` 81S.S4 coe (lev|ous ?ea ` NIL) is secured by
st an||ng o|eoge o 49 s|ae cao|ta| o !|noa| M|n|ng SA
(Pty) Limited held by the Company through its step down
subs|o|a|es 1|e above |oan |as been ut|e guaanteeo
by t|e Comoany".
Repayment Schedu|e
8eoayab|e |n 3 equa| sem| annua| |nsta|ments commenc|ng om
t|e eno o 4t| yea om t|e oate o st o|sbusement
Notes
212
OTHER LOANS
Secur|ty
i) Loans of ` 9S./S coe (lev|ous yea ` 13S.SS coe) ae
Secueo by |yoot|ecanon by way o st c|age on stoc|s
o n|s|eo gooos, aw mate|a|, wo| |n oogess, stoes
and spares and book debts and second charge in respect
o ot|e movab|e ano |mmovab|e assets, t|e c|age on
immoveable assets being an umbrella charge upto ` 46/.S0
crore to secure cash credit from banks and other loans as
oe note 8 (a).
ii) Loans of ` S4.1/ coe (lev|ous yea ` 41.// coe) ae
secueo by |yoot|ecanon o boo| oebts ano stoc|s.
5. LCNG1LkM 8CkkCWINGS (CCN1D.)
(` in Crore)
arncu|ars
b) Unsecured Long-term 8orrow|ngs
i) Term Loans
Banks
Other Loans S69./8 1,040.69 - -
Others
l|xeo Leoos|ts om lub||c - 6.08 S.94 31.14
S69.78 1,046.77 5.94 31.14
ii) Cther Loans & Advances
Lxtena| Commec|a|
Borrowings
1,0S6./0 1,166.92 118.S4 993./S
1,0S6.70 1,166.92 118.54 993.75
Unsecured Long-term
8orrow|ngs
1,626.48 2,213.69 124.48 1,024.89
1ota| Long-1erm 8orrow|ngs 1S,401.64 11,179.63 97S.28 1,341.86
Amount disclosed under other-
cuent L|ab|||nes [lote no.-10 (a)]
- - (969.34) (1,341.86)
Amount disclosed under short term
boow|ngs [lote no.-8 (b)(|||)]
- - (S.94) -
1ota| Long-1erm 8orrow|ngs 1S,401.64 11,179.63 - -
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
6. C1nLk LCNG1LkM LIA8ILI1ILS
Secu|ty Leoos|ts ano Aovances S61./9 142.06
1ota| Cther Long-1erm L|ab|||nes S61.79 142.06
Notes
213
Conso||oateo
Notes
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
7. LCNG1LkM kCVISICNS
rov|s|on for Lmp|oyee 8enehts
Gratuity 11.S8 10.61
Ct|e oeneo benet o|ans {lote no.-34(b)] 9.36 10.38
Leave Lncas|ment 11.// 12.SS
Total Long-term Provisions 32.71 33.54
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
8. SnCk11LkM 8CkkCWINGS
a) Secured Short-term 8orrow|ngs
Irom 8anks
Cash Credit from Banks S19.8/ 44/.63
Other Loans 696.80 2S9.S8
1,216.67 707.21
Secured Short-term 8orrow|ngs 1,216.67 707.21
Cash Cred|t from 8anks
Secueo by |yoot|ecanon by way o st c|age on stoc|s o n|s|eo gooos, aw mate|a|, wo| |n oogess, stoes ano soaes
ano boo| oebts ano secono c|age |n esoect o ot|e movab|e ano |mmovab|e assets, t|e c|age on |mmoveab|e assets be|ng an
umbrella charge upto ` 46/.S0 coe to secue ot|e |oans om ban|s as oe note S(a)(|||) ano ot|e |oans unoe note 8(a). 1|e cas|
ceo|t |s eoayab|e on oemano.
Other Loans
i) Loans of ` 201.43 coe (lev|ous yea ` 2S9.S8 coe) ae Secueo by |yoot|ecanon by way o st c|age on stoc|s o n|s|eo
goods, raw material, work in progress, stores and spares and book debts and second charge in respect of other movable and
|mmovab|e assets, t|e c|age on |mmoveab|e assets be|ng an umbe||a c|age uoto ` 46/.S0 coe to secue ot|e |oans om
ban|s as oe note S(a)(|||) ano cas| ceo|t om ban|s unoe note 8(a).
ii) Loans of ` 29S.3/ coe (lev|ous yea n||) ae secueo by |yoot|ecanon o boo| oebts ano stoc|s.
iii) Loans of ` 200.00 coe (lev|ous yea n||) ae secueo by sbsev|ent c|age by way o |yoot|ecanon o cuent assets.
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
b) Unsecured Short-term 8orrow|ngs
i) Debentures
8eoeemab|e lon Convenb|e Lebentues 4S0.00 1,000.00
4S0.00 1,000.00
ii) Irom 8anks
S|ot 1em |oans 2,830.43 303.32
Other Loans 1,/61.2S 2,20/.S6
4,S91.68 2,S10.88
214
Notes
iii) From Others
l|xeo Leoos|ts om lub||c S.94 -
Other Loans 1,982.89 3S1.22
1,988.83 3S1.22
Unsecured Short-term 8orrow|ngs 7,030.S1 3,862.10
1ota| Short-term 8orrow|ngs 8,247.18 4,S69.31
Debentures
1|e o||ow|ng unsecueo eoeemab|e non convenb|e oebentues ae o|vate|y o|aceo ano ae eoeemab|e at la at t|e eno o 2
yeas om t|e esoecnve oate o a||otment. 1|e Ca|| / lut oonon can be exec|seo by t|e e|t|e oaty ae s|x mont|s om t|e
esoecnve oate o a||otments.
a) llL (lev|ous yea 3,S00 nos.) 10.2S lon Convenbe oebentues o ` 10,00,000 each
b) llL (lev|ous yea 3,/S0 nos.) 10./0 lon Convenbe oebentues o ` 10,00,000 each
c) llL (lev|ous yea 1,S00 nos.) 10.SS lon Convenbe oebentues o ` 10,00,000 each
d) llL (lev|ous yea 1,2S0 nos.) 10.SS lon Convenbe oebentues o ` 10,00,000 each
e) 4,S00 nos. (lev|ous yea llL) 10.00 lon Convenbe oebentues o ` 10,00,000 each (date of allotment 30th July, 2012)
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
9. TRADE PAYABLES
1aoe layab|es 1,398.20 1,2S1.36
Total Trade Payables 1,398.20 1,2S1.36
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
10. OTHER CURRENT LIABILITIES
a) Cuent matu|nes o |ong tem oebts 969.34 1,341.86
b) Interest accrued but not due on borrowings 113.44 /4.43
c) lnvesto Loucanon 8 lotecnon luno
Unpaid dividend 12.33 16.S0
Unpaid matured deposits and interest accrued 0.8/ 1.SS
d) Ct|e layab|es
Statutory dues S6/.1S S1S.93
Advance from customer and others 282.6/ 290.0/
Security deposits and advances 1S.40 13.01
Creditors for capital expenditure S6/.S0 1,016.14
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
b) Unsecured Short-term 8orrow|ngs (Contd.)
215
Conso||oateo
Notes
Cutstano|ng ||ab|||nes o exoenses 221.S3 S01.4/
Others 6S1.02 339.20
3,401.2S 4,110.16
1ota| Cther Current L|ab|||nes 3,401.2S 4,110.16
1|ee |s no amount oue ano outstano|ng to be ceo|teo to lnvesto Loucanon ano lotecnon luno
ln accooance w|t| Accounnng Stanoao (AS-29) 'lov|s|ons, Connngent L|ab|||nes ano Connngent Assets' ano baseo on
management assessment, t|e Comoany |ao maoe a oov|s|on o connngenc|es on account o ounes ano taxes oayab|e unoe
va|ous |aws. At t|e beg|nn|ng o t|e nanc|a| yea, t|ee was an outstano|ng oov|s|on o ` 1S6.02 coe (lev|ous yea ` 1S6.02
coe) |nc|uoeo |n 'Ct|e layab|es' w|t| no oov|s|on/un||sanon, at t|e eno o t|e nanc|a| yea, t|ee |s an outstano|ng oov|s|on o
` 1S6.02 coe (lev|ous yea ` 1S6.02 coe).
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
11. SnCk11LkM kCVISICNS
a) rov|s|on for Lmp|oyee 8enehts
Leave Lncas|ment 62.26 S2.63
62.26 S2.63
b) Other Provisions
lov|s|on lo 1axanon-lncome 1ax 4,66/.S4 3,90S.1S
lov|s|on lo 1axanon-vea|t| 1ax 1.11 0.81
loooseo L|v|oeno 149.S/ 149.S/
Coooate 1ax Cn L|v|oeno 3.32 3.1/
4,821.S4 4,0S8.70
Total Short-term Provisions 4,883.80 4,111.33
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
10. C1nLk CUkkLN1 LIA8ILI1ILS (CCN1D.)
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Notes
217
Conso||oateo
Notes
Notes:
a) Statement S|ow|ng t|e oeta||s o le-ooeanve Lxoeno|tue as on 31st Mac|, 2013
(` in Crore)
Total
Descr|pnon 2012-13 2011-12
Amount brought forward from |ast year 1,492./6 1,09S.96
Add: Lxpenses dur|ng the ear
lesonne| Lxoenses 1/9.3/ 12/.28
Consultancy Charges 44.2/ 8/./9
l|nanc|a| Lxoenses 29.31 120.9S
loe|gn Lxc|ange l|uctuanons 11.88 34.01
Leoec|anon 4/.39 24.S2
Lxoenses e|ateo to m|n|ng 8 Lxo|oanon - -
M|sce||aneous Lxoenses 202.2S 1/0.86
2,007.23 1,661.37
Less: Cap|ta||sed as part of
Plant & machinery 24S.29 1S4.S3
Building 2/.S2 10.3/
Ct|e xeo assets 2.28 3./1
Amount carr|ed forward |n CWI 1,732.14 1,492.76
Leoec|anon ou|ng t|e yea |nc|uoes ` 4/.39 coe (lev|ous yea ` 24.S2 coe) tanseeo to oe-ooeanve exoenses.
b) Freehold land includes ` S.8S coe o|nt|y owneo w|t| t|e Comoany w|t| S0 s|ae ano oeno|ng eg|stanon.
c) Capital Work in Progress includes ` 1,/32.14 coe (lev|ous yea ` 1,492./6 coe) be|ng le-ooeanve Lxoeno|tue ano
` S8S.22 coe ( lev|ous yea ` 1,0/9.40 coe) Cao|ta| stoes.
o) Aoo|non to l|xeo Assets |nc|uoes ` 11.10 coe (lev|ous yea ` 4.84 coe) ano aoo|non to Cao|ta| vo| |n logess |nc|uoes ` 3.24
crore (Previous year ` 0.48 coe) be|ng exoeno|tue |ncueo on 8eseac| 8 Leve|ooment Acnv|nes. 1|e Cao|ta| vo| |n logess
accumulated balance as on 31st March, 2013 is ` 4.0S coe (lev|ous yea ` 0.84 coe). Aoustments |nc|uoe ` 1.82 coe o
asset ea||e useo o 88L acnv|nes now tanseeo to ot|e un|ts.
e) Aoo|nons/(Aoustments) to l|ant ano Mac||ney/Cao|ta| wo|-|n-oogess |nc|uoes aoo|non o ` 130.00 coe (lev|ous yea
aoo|non o ` 332.22 coe) on account o oe|gn exc|ange fuctuanon on |ong-tem ||ab|||nes e|anng to acqu|s|non o l|xeo
Assets ousuant to t|e noncanons |ssueo by t|e M|n|sty o Coooate Aa|s e|anng to Accounnng Stanoao ( AS-11) '1|e
Lects o C|anges |n loe|gn Lxc|ange 8ates'.
f) Borrowing cost incurred during the year and capitalised is ` 14/.S8 coe (lev|ous yea ` S0.48 coe). uoow|ng cost |ncueo
during the year and transferred to Capital Work in Progress is ` 429.31 coe (lev|ous yea ` 3/2.33 coe).
g) ln a subs|o|ay, oeoec|anon on Coa| lano||ng l|ant amounnng to ` 2S.61 coe (lev|ous yea ` 22.1/ coe) |as been cons|oeeo
seoaate|y |n t|e Statement o oot 8 |oss.
|) Lxoeno|tue ou|ng 1|a| 8un oe|oo |as been cao|ta||seo/oecao|ta|seo as l|xeo Assets as unoe
218
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
13. NCNCUkkLN1 INVLS1MLN1S
i) Trade Investments
A) uoted Iu||y a|d-Up Lqu|ty Shares of Assoc|ate Compan|es
i) Cuaat l8L Co||ng Coa| L|m|teo 468.0/ -
43,33,13,8/2 (lev|ous yea llL" ) u||y oa|o Co|nay
Shares
Aoo/(Less): S|ae |n lot/(Loss) - l|o yeas - -
Aoo/(Less): S|ae |n lot/(Loss) - Cuent yea 4.69 -
B) Others Quoted Equity Shares
i) lwange Co|||ey 0.4/ 0.4/
4,40,680 (lev|ous yea 4,40,680) u||y oa|o Co|nay S|aes
ii) 8oc||anos 8|c|e|os L|m|teo - 1S3.64
llL (lev|ous yea 9,82,89,944) u||y oa|o Co|nay S|aes
iii) Carabella Resources Limited 14.39 -
66,98,401 (lev|ous yea llL" ) u||y oa|o Co|nay S|aes
vi) A|can Lnegy 8esouces L|m|teo 0.08 -
1,00,000 (Previous year NIL ) fully paid Ordinary Shares
v) Av|va Coooanon L|m|teo 0.08 -
vi) looges 8esouces L|m|teo 0.08 -
vii) Nimrodel Resources Limited 0.01 -
viii) Apollo Minerals Limited /.8S -
3,S0,00,000 (lev|ous yea llL" ) u||y oa|o Co|nay S|aes
1ota| Non-current 1rade Investment 49S.72 154.11
Notes
(` in Crore)
Total
Descr|pnon Current Year Previous Year
Income
Sales 36.02 30.86
lncease/(oecease) |n stoc| - -
1ota| Income (A) 36.02 30.86
Less: Lxoeno|tue
Raw materials consumed 1/.S8 -
Power & fuel 2/.6S 11.94
Personnel expenses 1.4/ 0.40
Stores & spare parts consumed 0.22 1.14
Repairs & maintenance - 0.02
Others 0.21 0.16
Total Expenditure (B) 47.13 13.66
(A-u) lot/(Loss) ou|ng t|a| un oe|oo ou|ng t|e cuent nanc|a| yea (11.11) 1/.20
Total (11.11) 17.20
Lecao|ta||seo/cao|ta||seo w|t| t|e cost o xeo assets (11.11) 1/.20
219
Conso||oateo
ii) Other Investments
A) Unquoted Iu||y a|d-Up Lqu|ty Shares of Assoc|ate Compan|es
i) lu||y oa|o uo Lqu|ty S|aes o Angu| Su||noa 8a||way L|m|teo 0.03 0.03
2S,000 (lev|ous yea 2S,000) Lqu|ty S|aes o ` 10 each
Aoo/(Less): S|ae |n lot/(Loss) - Cuent yea - -
ii) lu||y oa|o uo Lqu|ty S|aes o !u lna l|vate L|m|teo 0.98 0.00
9,80,000 (lev|ous yea 4,900) Lqu|ty S|aes o ` 10 each
Aoo/(Less): S|ae |n lot/(Loss) - l|o yeas (0.20) -
Aoo/(Less): S|ae |n lot/(Loss) - Cuent yea 0.66 (0.20)
iii) lu||y oa|o uo Lqu|ty S|aes o la|wa Stee| 8 lowe L|m|teo 2.00 2.00
20,00,000 (lev|ous yea 20,00,000) Lqu|ty S|aes o ` 10 each
Aoo/(Less): S|ae |n lot/(Loss) - l|o yeas 1/6.9/ 1S6./4
Aoo/(Less): S|ae |n lot/(Loss) - Cuent yea 34.68 20.23
iv) Panacore shiping pte Ltd , Singapore 0.00 -
40 (lev|ous ?ea llL) u||y oa|o Co|nay S|aes
Aoo/(Less): S|ae |n lot/(Loss) - Cuent yea 0.1/ -
v) Koleko Resources 0.64 -
340 (lev|ous ?ea llL) u||y oa|o Co|nay S|aes
vi) Prodisyne (pty) Ltd 1.21 -
S0 (lev|ous ?ea llL) u||y oa|o Co|nay S|aes
217.14 178.80
B) Unquoted art|y a|d-Up Lqu|ty Shares of Assoc|ate Compan|es
i) Angul Sukinda Railway Limited 31./1 -
10,49,/S,000 (lev|ous yea llL) Lqu|ty S|aes o ` 10 each,
` 3.02 oa|o uo
31.71 -
C) Unquoted Investment In Government and 1rust Secur|nes
lanona| Sav|ng Cencates 0.06 0.06
6,10,000 (Previous year ` 6,10,000)
[l|eogeo w|t| Covenment oeoatments ` 0.06 coe (lev|ous
year ` 0.06 coe)]
0.06 0.06
D) Investment In Bonds
8.1S lClCl - 2016 uono 0.S0 0.S0
S (lev|ous yea S) un|ts o ` 10,00,000 each
0.S0 0.S0
E) Unquoted Fully Paid Up Equity Shares
Brahamputra Capital and Finance Limited 19.20 19.20
1,92,00,000 (lev|ous yea 1,92,00,000) Lqu|ty S|aes o ` 10 each
lno|an Lnegy Lxc|ange L|m|teo 1.2S 1.2S
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
Notes
220
12,S0,000 (lev|ous yea 12,S0,000) Lqu|ty S|aes o ` 10 each
!|noa| lo|o|ng L|m|teo 14.48 14.48
Jindal Petroleum Limited 0.0S 0.0S
49,400 (lev|ous yea 49,400) Lqu|ty S|aes o ` 10 each
!|noa| 8ex Lxo|oanon l|vate L|m|teo 0.01 0.01
9,800 (lev|ous yea 9,800) Lqu|ty S|aes o ` 10 each
Stainless Investments Limited 6.0S 6.0S
Sungu-Sungu (Pty) Limited 22.S3 3.S8
330 (lev|ous ?ea S0) u||y oa|o Co|nay S|aes
Synergy Infrastructure Private Limited 0.01 0.01
960 (lev|ous ?ea 960) Lqu|ty S|aes o ` 100 each
x-.one SLl ulL 0.04 0.04
36,2S0 (lev|ous yea 36,2S0) Lqu|ty S|aes o Ma|ays|an 8|ngg|t 1 eac|
!|noa| lnoso|unons L|m|teo 0.10 -
9S,000 (lev|ous ?ea 24,/S0) Lqu|ty S|aes o ` 10 each
63.72 44.67
F) Cther Investments (L|cences & 1e|ecom Soc|ety) 0.01 0.01
G) Less: rov|s|on for D|m|nunon of Investments - (0.S3)
1ota| Non-current Cther Investment 313.14 223.S1
1ota| Non-current Investment 808.86 377.62

Aggegate boo| va|ue o quoteo |nvestments 49S.72 154.11
Ma|et va|ue o quoteo |nvestments 519.49 164.9S
Aggegate boo| va|ue o unquoteo |nvestments 313.14 223.S1
1|e Comoany |as unquoteo |nvestments o ` 312.S8 coe |n
bodies corporate (Previous year ` 199.8S coe).
Aggegate oov|s|on o o|m|nunon |n va|ue o |nvestments - (0.S3)
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
14. LCNG1LkM LCANS & ADVANCLS
Unsecured, Cons|dered Good
a) Capital Advances 1,821.02 1,/81.66
b) Secu|ty Leoos|ts 9S.60 166.3/
c) Others
S|ae aoo||canon money SS.31 129.//
Others 449.S0 103.14
1ota| Unsecured Long-term Loans & Advances 2,421.43 2,180.94
1ota| Long-term Loans & Advances 2,421.43 2,180.94
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
Notes
221
Conso||oateo
Notes
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
16. INVENTORIES
a) kaw Mater|a|s
Inventories 1,S20.12 981.SS
Cooos ln 1ans|t 92.88 2S2.19
1,613.00 1,233.74
b) Work-|n-process
Work in process 200.S1 1/9.03
200.S1 179.03
c) Finished Goods
Inventories 1,/61.3S 1,S06.10
1,761.3S 1,S06.10
d) Stores & Spares
Inventories 893.22 S9/.43
Cooos ln 1ans|t 23.2/ 2S.96
916.49 623.39
e) Others
Scrap 32.82 3/.2/
32.82 37.27
Total Inventories 4,S24.17 3,S79.S3
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
17. TRADE RECEIVABLES
Unsecured
Lxceed|ng S|x Months
Accounts Receivable
Considered Good 163.30 130.9S
Cons|oeeo Loubuu| 1.31 1.31
Less: lov|s|on o bao ano ooubuu| oebts (1.31) (1.31)
Others
Considered good 1,/90.83 1,1/S.80
1,9S4.13 1,306.7S
1ota| Unsecured 1rade kece|vab|e 1,9S4.13 1,306.7S
1ota| 1rade kece|vab|e 1,9S4.13 1,306.7S
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
15. C1nLk NCNCUkkLN1 ASSL1S
Bank balances 1.9S 14.24
Total Other Non Current Assets 1.95 14.24
[l|eogeo w|t| Covenment oeoatments ano Ct|es ` 0.S6 coe (lev|ous yea ` 1.0S coe)]
222
(` in Crore)
arncu|ars
18. CASH & BANK BALANCES
a) Cash & Cash Equivalents
Cash on hand - - 1.42 2.16
C|eques/Las ln |ano - - 8.08 1./3
Bank Balances in current accounts - - 16S.00 12/.S8
Leoos|ts w|t| o|g|na| matu|ty o |ess
than three months
- - - 0.16
Others - - 0.04 0.02
Total Cash & Cash Equivalents - - 174.54 131.6S
b) Cther 8ank 8a|ances
i) 8anks w|th Larmarked ba|ances
Lama|eo o unoa|o o|v|oeno - - 12.33 16.S0
ii) 8anks Depos|ts
upto twelve months
- - 13.26 1.06
more than twelve months
1.9S 14.24 - -
Amount disclosed under other
non-cuent assets (lote no-1S)
(1.9S) (14.24) - -
1ota| Cther 8ank 8a|ances - - 2S.S9 17.S6
1ota| Cash & 8ank 8a|ances - - 200.13 149.21
(` in Crore)
arncu|ars
19. SHORT TERM LOANS & ADVANCES
a) Loans and Advances
to Related Party
Unsecured, considered good - - 3/8.63 4/1.9S
- - 378.63 471.95
b) Loans and Advances to others
unsecueo, cons|oeeo gooo 1,821.02 1,/81.66 2,114.26 1,98S.88
Loubuu| - - S./6 S./6
Less: lov|s|on o ooubuu| aovances - - (S./6) (S./6)
1,821.02 1,781.66 2,114.26 1,98S.88
c) Secur|ty Depos|t - - 13.84 /.12
- - 13.84 7.12
Notes
223
Conso||oateo
d) Cther Loans and Advances -
ua|ances w|t| statutoy/govenment
aut|o|nes
- - 944.SS 60/.99
Aovance |ncome tax |nc|uo|ng 1LS - - 4,62/.S1 3,8S4.2/
- - S,S72.06 4,462.26
Amount disclosed under long-term
|oans 8 aovances (lote no-14)
(1,821.02) (1,781.66) - -
Aovances ecoveab|e |n cas| o
in kind or for value to be received
includes ` NIL (Previous year ` 0.82
crore) being the amount due from
o|ectos/omces o t|e Comoany.
1ota| Short-term Loans & Advances - - 8,078.79 6,927.21
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
20. OTHER CURRENT ASSETS
a) Pre-Paid expenses /S.S8 S6.6S
b) lnteest ece|vab|e on s|ot tem |oans 8 aovances 239.40 148.01
c) Other receivables 109.01 29.6S
Total Other Current Assets 423.99 234.31
lnc|uo|ng ecoveab|e om e|ateo oanes
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
21. REVENUE FROM OPERATIONS
a) Sa|e of roducts
Finished goods 21,428.63 19,240.96
1aoeo gooos S6.S0 2S/.89
Inter-division transfer 4,6S6.06 2,8S6.43
26,141.19 22,3SS.28
b) Cther Cperanng kevenues
1ansm|ss|on C|ages 89.24 -
Scrap sale 66.08 43.8/
Lxoot |ncennves 68.91 39.61
(` in Crore)
arncu|ars
19. SnCk11LkM LCANS &
ADVANCLS (CCN1D.)
Notes
224
Notes
Av|anon |ncome 1/.04 16.16
Others 11.S3 1/.9/
2S2.80 117.61
Less: lnte o|v|s|on 1anse (4,6S6.06) (2,8S6.43)
1ota| kevenue from Cperanons 21,737.93 19,616.46
|nc|uoes lncome oeta|n|ng to oev|ous yea ` 42.64 coe
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
22. OTHER INCOME
a) L|v|oeno lncome 0.2S 0.13
b) Net gain on sale of investments 68.S9 1.S/
c) Ct|e lon Coeanng lncome
lot Cn sa|e/tanse o xeo assets 4./S 11.06
L|ab|||ty/oov|s|ons no |onge equ|eo, w|ten bac| 1.13 19.43
Others 61./0 109./S
1ota| Cther Income 136.42 141.94
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
23. COST OF MATERIALS CONSUMED
a) Raw material consumed 6,306.89 S,460.38
b) lnte L|v|s|on 1anse 4,6S6.06 2,8S6.43
10,962.9S 8,316.81
Less:lnte L|v|s|on tanse (4,6S6.06) (2,8S6.43)
Total Cost of Material Consumed 6,306.89 S,460.38
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
24. UkCnASL CI S1CCkIN1kADL 91.16 217.18
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
21. kLVLNUL IkCM CLkA1ICNS (CCN1D.)
225
Conso||oateo
Notes
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
2S. CnANGLS IN INVLN1CkILS CI IINISnLD GCCDS,
WCkkINkCCLSS AND S1CCkIN1kADL
Opening Stock - Finished Goods 1,S06.10 1,136.34
- Work in Process 1/9.03 16S.S8
- Scrap 3/.2/ 6.S6
1,/22.40 1,308.48
Closing Stock - Finished Goods 1,/61.3S 1,S06.10
- Work in Process 200.S1 1/9.03
- Scrap 32.82 3/.2/
1,994.68 1,722.40
NL1 (INCkLASL)]DLCkLASL IN S1CCk (2/2.28) (413.92)
Lxc|se outy on account o |ncease/(oecease) on stoc| o
n|s|eo gooos 2S.20 4/.46
1ota| (Increase)]Decrease |n Stock (247.08) (366.46)
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
26. EMPLOYEE BENEFIT EXPENSES
a) Salaries and Wages S89.8/ S29.42
b) Cont|bunon to lov|oent ano ot|e unos 24.99 36.14
c) Lmo|oyees comoensanon exoenses unoe Lmo|oyee Stoc| Conon
Sc|eme {lote no.-4 (e)]
- (0.83)
d) Sta we|ae exoenses 26.63 26.S6
1ota| Lmp|oyee 8eneht Lxpenses 641.49 S91.29
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
27. FINANCE COST
a) Interest Expense
Lebentues ano ot|e tem-|oans 804./S 3/1.11
Others 1S1.31 162.11
9S6.06 S33.22
b) Less: Interest Income
Interest on Inter-corporate deposits (1SS.36) (99.23)
Others (42.S4) (/3.9S)
(197.90) (173.18)
1ota| I|nance Cost 7S8.16 360.04
226
(` in Crore)
arncu|ars
For the year ended
31st March, 2013
For the year ended
31st March, 2012
28. OTHER EXPENSES
a) Consumonon o stoes ano soaes 1,/SS.89 1,491.2S
b) Consumonon o oowe ano ue| 1,43/.9S 1,129.//
c) Other manufacturing expenses 942.9S 49/.21
d) Repair and Maintenance
-Plant and machinery 1SS.09 1/2.43
-Building 32./8 44.10
-Others 1S6.43 149.19
e) Royalty 186.16 180.89
f) 8ent 2/.S1 1/.63
g) 8ates ano 1axes 141./3 24.09
h) Insurance 29.2S 22.80
i) Payment to Statutory Auditors -
-Audit fees 1.12 1.26
-1axanon mates 0.18 0.10
-Comoany |aw mates - 0.03
-Other services 0.08 0.14
-Reimbursement of expenses 0.08 0.0/
j) Miscellaneous expenses 64/./2 692.96
k) Loss/o|m|nunon a|s|ng om bus|ness |nvestment S/4.12 93.62
l) 8eseac| 8 Leve|ooment exoenses 14.2S 6.46
m) Loss on sa|e/o|scao o xeo assets 1.13 S.34
n) Lonanon /2.12 109.3/
o) L|ectos s|mng ees 0.18 0.08
p) Selling expenses 6/8.48 6/1.8/
q) Prior Period Adjustment - -
r) uao oebts/oov|s|on o ooubuu| oebts - 0.10
s) M|sce||aneous Lxoeno|tue w|ten o - 1.S6
t) Financial expenses 110.63 163.31
u) loe|gn exc|ange fuctuanon (net) S4.08 3/.41
[net o |ncome o ` 16S.1/ coe (lev|ous yea ` 10S.04 coe)]
Total Other Expenses 7,019.91 S,S13.04
1|e Comoany |as oa|o |ease enta|s o ` 2/.S1 coe (lev|ous yea ` 1/.63 coe) unoe cance||ab|e ooeanng |eases. 1|ee ae no
non-cance||ab|e ooeanng |eases.
Lu|ng t|e yea !|noa| lowe L|m|teo, a subs|o|ay comoany, as a mate o ouoence, ecogn|seo an exoense o e|ect|c|ty outy o
` 108.21 coe uoto 31st Mac|, 2013 aga|nst o|souteo oemano maoe by t|e Covenment o C||amsga|.lnteest t|eeon o ` 32.61
coe |ave been |nc|uoeo |n l|nance cost.
An exceonona| |tem (lote lo.3S to Conso||oateo nanc|a| statements)
Lxoeno|tue on eseac| 8 oeve|ooment acnv|nes, |ncueo ou|ng t|e yea, |s ` 28.S/ coe (|nc|uo|ng cao|ta| exoeno|tue o
` 14.32 coe) (oev|ous yea ` 8.9/ coe, |nc|uo|ng cao|ta| exoeno|tue o ` 2.S1 coe)
Notes
227
Conso||oateo
Notes
(` in Crore)
29. CONTINGENT LIABILITIES AND COMMITMENTS
I. Connngent L|ab|||nes not prov|ded for |n respect of:
Descr|pnon
a) Guarantees issued by the Companys Bankers on behalf of the
Company
46S.90 419.80
b) Lete o ceo|t ooeneo by ban|s 1,038.S1 63S.S2
c) Coooate guaantees/unoeta||ngs |ssueo on be|a| o t||o oanes. 283.S/ 322.S3
d) L|souteo Lxc|se Luty ano Ct|e oemanos 93/.1/ 869.23
e) Future liability on account of lease rent for unexpired period 280.4/ 39.30
f) uonos executeo o mac||ney |moots unoe LlCC Sc|eme 3,081.41 2,//3.22
g) lncome 1ax oemanos w|ee t|e cases ae oeno|ng at va|ous
stages o aooea| w|t| t|e aut|o|nes
191.94 18/./6
h) Claims against the Company, not acknowledged as debt /2.S2 1/.03
i) Uncalled liability towards partly paid up shares /3.2/ -
II. Commitments
Lsnmateo amount o contacts ema|n|ng to be executeo on cao|ta|
account and not provided for (net of advances)
8,403.1/ 11,981.02
!|noa| lowe L|m|teo, a subs|o|ay comoany, |as o a ooect |n t|e lat|manou va||ey, leoa|, comm|teo to subsc|be
48 equ|ty cao|ta| |n !o|nt ventue comoany name|y Synegy lnastuctue lvt. Lto. amounnng to ` 1./9 coe (leoa||
8uoees 2.86 coe). loweve t|e Comoany |as maoe an |nvestment o ` 0.01 coe (leoa|| uoees 0.02 coe).
30. !|noa| lowe L|m|teo, a subs|o|ay comoany, |s at aovance stage o |mo|ementanon o 2400 Mv (4 x 600Mv) 1|ema| lowe
l|ant at 1amna, 8a|ga| |n t|e state o C||amsga|. lut|e t|e Comoany |as |n|nateo wo| on 1320 Mv (2 x 660Mv) 1|ema|
lowe loect |ocateo at latatu ano a|so anot|e 1|ema| lowe loect o 1320 Mv (2 x 660Mv) |ocateo at Coooa |n t|e state
o !|a||ano.
31. ln t|e oo|n|on o t|e uoao, Cuent Assets, Loans ano Aovances |ave a va|ue on ea||sanon |n t|e oo|nay couse o bus|ness at
|east equa| to t|e amount at w||c| t|ey ae stateo ano oov|s|on o a|| |nown ||ab|||nes |as been maoe ano cons|oeeo aoequate.
32. a) lov|s|on o cuent |ncome tax |as been maoe cons|oe|ng va|ous benets ano a||owances ava||ab|e to t|e Comoany
unoe t|e oov|s|ons o t|e lncome 1ax Act, 1961.
b) Movement of deferred tax oov|s|on/aoustment |n accooance w|t| Accounnng Stanoao (AS-22) 'Accounnng o 1axes on
lncome' |s as unoe:
228
(` in Crore)
arncu|ars
As on
1st Apr||,
2011
Charge/
(Credit) during
2011-12
As on
1st Apr||,
2012
Charge/
(Credit) during
the year
As on
31st March,
2013
A. Deferred Tax Assets
a) L|sa||owance u/s 43-u o t|e
lncome 1ax Act, 1961
(100.82) (13.40) (114.22) (2S.40) (139.62)
b) lov|s|on o Loubuu| Lebtos (1.S1) (0./9) (2.30) - (2.30)
c) lov|s|on o o|mun|non |n va|ue o
Investments
- - - (114.03) (114.03)
Total Deferred Tax Assets (102.33) (14.19) (116.S2) (139.43) (2SS.9S)
B. Deferred 1ax L|ab|||nes
a) L|eence between uoo| ano 1ax
Leoec|anon
1,106./8 201.69 1,308.4/ 282.88 1,S91.3S
b) M|sce||aneous Lxoeno|tue w|ten o 1.03 (1.03) - 1.14 1.14
1ota| Deferred 1ax L|ab|||nes 1,107.81 200.66 1,308.47 284.02 1,S92.49
C. Total Deferred Tax (Net) 1,00S.48 186.47 1,191.9S 144.59 1,336.S4
(` in Crore, except per share data)
33. 'LAkNINGS Lk SnAkL', IN ACCCkDANCL WI1n ACCCUN1ING
S1ANDAkD (AS20):
lot o t|e yea ae 1axanon 2,911.62 4,002.26
lot at|butab|e to oo|nay s|ae|o|oes 2,911.62 4,002.26
Aoo: S|ae o lot o Assoc|ates 40.20 20.03
Less: M|no|ty lnteest (41./1) (S/.40)
lot at|butab|e to Co|nay s|ae|o|oes (Conso||oateo) 2,910.11 3,964.89
Number of Equity Shares (in nos.)
a) Issued and subscribed 93,48,33,818 93,4S,99,380
b) lumbe o ootenna| equ|ty S|aes (unoe Lmo|oyees' stoc| oonon sc|eme) - -
1ota| no. o s|aes |nc|uo|ng ootenna| equ|ty s|aes 93,48,33,818 93,4S,99,380
Basic earnings per Share (`) 31.13 42.42
L||uteo ean|ngs oe S|ae (`) 31.13 42.42
Notes
229
Conso||oateo
(` in Crore)
arncu|ars
Gratuity Leave
Lncashment
Gratuity Leave
Lncashment
34. 'LMLCLL 8LNLII1S', IN ACCCkDANCL WI1n
ACCCUN1ING S1ANDAkD (AS1S)
A. Gratu|ty & Leave Lncashment
I Components of Employer Expense Funded Non-Funded Funded Non-Funded
1 Current Service Cost S.24 1S.91 /.42 11.98
2 Interest Cost 2.49 S.12 2./4 3./4
3 Lxoecteo 8etun on l|an Assets (2.0S) - (2.32) -
4 Cuta||ment Cost/ (Ceo|t)
S Set|ement Cost/ (Ceo|t)
6 Past Service Cost 0.6/ 4.3S (1.44) 2.14
7 Actua|a| Losses/ (Ca|ns) 1./9 (11.18) 0.21 4.49
8 1ota| exoense ecogn|seo |n t|e lot ano
Loss Account
8.14 14.21 6.60 22.3S
II Actua| keturns for the year ended 31st March, 2013 2.12 - 1.66 -
III Net Assets] (L|ab|||ty) recogn|sed |n the 8a|ance
Sheet
1 lesent va|ue o Leneo uenet Cb||ganon (38.83) (48.69) (40.21) (64.01)
2 la| va|ue o l|an Assets 26.26 - 31.63 -
3 Status {Suo|us/(Lec|t)] (1-2) (11.S8) (/1.6/) (8.S6) (64.01)
4 Unrecognised Past Service Cost - - 0.88 -
let Assets/ (L|ab|||ty) ecogn|seo |n t|e
ua|ance S|eet (3-4)
(11.S8) (/1.6/) (/.68) (64.01)
IV Change |n Dehned 8eneht Cb||ganon (D8C)
lesent va|ue o LuC at t|e beg|nn|ng o t|e yea (30.4S) (3/.33) (32./1) (4/.30)
1 Current Service Cost (S.24) (/.63) (/.41) (11.98)
2 Interest Cost (2.49) (3.02) (2./4) (3./4)
3 Cuta||ment Cost/(Ceo|t) - - - -
4 Set|ement Cost/ (Ceo|t) - - - -
S Plan Amendments - (/.4S) 2.21 (2.14)
6 Acqu|s|nons - (0.S8) (0.69)
7 Actua|a| (Losses)/Ca|ns (1.86) 3.16 (0.06) (4.49)
8 uenets la|o 2.21 3.S9 1.08 6.33
lesent va|ue o LuC at t|e eno o t|e yea (3/.83) (48.69) (40.21) (64.01)
V Change in Fair Value of Assets
Plan Assets at the beginning of the year 21.44 - 21./0 -
1 Acqu|s|non Aoustment - - (0.10) -
2 Lxoecteo 8etun on l|an Assets 2.0S - 2.32 -
3 Actua|a| (Losses)/Ca|ns 0.0/ - (0.18) -
4 Actua| Comoany Cont|bunon 4.29 - 8.9/ 6.33
S uenet la|o (1.60) - (1.08) (6.33)
Plan Assets at the end of the year 26.26 - 31.63 -
VI Actuar|a| Assumpnons
1 L|scount 8ate () 8 8 8.S 8.S
2 Lxoecteo 8etun on l|an Assets () 9 9
3 Sa|ay esca|anon ate 10 10 12 12
Notes
230
arncu|ars
Gratuity
2012-13 2011-12 2010-11 2009-10 2008-09
VI Lxper|ence n|story
1 Leneo benet ob||ganon 3/.83 (30.S0) (26.30) (21.10) (9.S1)
2 Plan Assets 26.26 21.44 16.48 9.9/ /.04
3 Suo|us/(Lec|t) 11.S8 (9.01) (9.82) (11.20) (2.4/)
4 Lxoe|ence (Loss)/Ca|n on o|an ||ab|||nes (2.42) (0.62) (0.66) (0.22) 0.02
S Lxoe|ence (Loss)/Ca|n on o|an assets 0.0/ 0.03 0.12 (0.10) 0.29
assumonons
0.S6 - (1.18) 0.8/ (0.44)
arncu|ars
Leave Lncashment
2012-13 2011-12 2010-11 2009-10 2008-09
1 Leneo benet ob||ganon 60.18 (S0.20) (3/.00) (31.90) (26.20)
2 Plan Assets - - - - -
3 Suo|us/(Lec|t) 60.18 (S0.20) (3/.00) (31.90) (26.20)
4 Lxoe|ence (Loss)/Ca|n on o|an ||ab|||nes (8.26) (4.81) (1.94) 4.90 6.12
S Lxoe|ence (Loss)/Ca|n on o|an assets l.A. l.A. l.A. l.A. l.A.
assumonons
1S.42 - 2.2/ (3.90) (1.80)
B. PROVIDENT FUND
1|e Comoany cont|buteo/ oov|oeo ` 13.94 coe ano ` 22.9/ coe towaos oov|oent uno ou|ng t|e yea enoeo 31st Mac|,
2013 8 31st Mac|, 2012 esoecnve|y.
1|e Cu|oance on lmo|emennng AS 1S, Lmo|oyee uenets states t|at benets |nvo|v|ng emo|oye estab||s|eo oov|oent unos,
w||c| equ|e |nteest s|oua||s to be ecomoenseo ae to be cons|oeeo as oeneo benet o|ans. 1|e Actua|a| Soc|ety o lno|a
|as |ssueo t|e na| gu|oance o measuement o oov|oent uno ||ab|||nes. 1|e actuay |as accoo|ng|y oov|oeo a va|uanon ano
baseo on t|e be|ow assumonons maoe a oov|s|on o ` 9.36 coe as at 31st Mac|, 2013 (lev|ous ?ea ` 10.38 coe).
1|e oeta||s o uno ano o|an assets oos|non ae g|ven be|ow:
arncu|ars As at 31st March, 2013 As at 31st March, 2012
Providend
Fund
Interest
Guarantee
Providend
Fund
Interest
Guarantee
Plan assets at period end, at fair value 214.88 1/2.63
lesent va|ue o benet ob||ganon at oe|oo eno 214.88 9.36 1/2.63 10.38
Assumonons useo |n oetem|n|ng t|e oesent va|ue ob||ganon o t|e |nteest ate guaantee unoe Letem|n|snc Aoooac|:
arncu|ars 2012-13 2014 and
thereaher
2011-12 2013 and
thereaher
Lxoecteo 8etun on assets o
exempted provident fund
8.40 8.40 8.20 8.20
Lxoecteo guaanteeo |nteest ate 8.60 8.60 8.60 8.60
L|scount ate 8.00 8.S0
Notes
231
Conso||oateo
35. 1|e Comoany |as ove t|e yeas, exoanoeo |ts stee|, oowe
8 m|n|ng bus|nesses, bot| |n lno|a ano |ntenanona||y.
1|e Comoany, as oat o g|oba| exoans|on o |ts coe stee|
ano m|n|ng bus|ness ano on be|ng awaoeo t|e L| Mutun
Iron Ore contract (Contract) by the Government of
Bolivia, made strategic business investment in Bolivia,
t|oug| |ts subs|o|a|es |n uo||v|a. ln v|ew o va|ous ecent
oeve|ooments, |nc|uo|ng tem|nanon o t|e aoesa|o
Contact w|t| t|e uo||v|an Covenment, t|e enne bus|ness
|nvestment maoe by t|e Comoany |n uo||v|a |ao |moa|eo.
Cons|oe|ng t|e same, |t was oec|oeo to o|soose o 49
of such investment in accordance with the terms of the
sa|o Contact |n ooe to oevent any ut|e bus|ness |oss.
Accoo|ng|y, |n note 28 Ct|e exoenses" |n t|e Statement
o lot ano Loss, Loss a|s|ng om bus|ness |nvestment"
of ` 233.03 coe eoesents |oss on o|soosa|, ano ` 341.09
coe, as a mate o ouoence, eoesents va|ous assets,
o aoesa|o bus|ness |nvestments. 1|e oev|ous yea gue
eoesents |oss on ceta|n ot|e |nvestment.
36. D|sc|osure as Requ|red by Accounnng Standard (AS-17)
'Segment kepornng'
1|e o|may eootab|e segments ae t|e bus|ness segments
name|y lon 8 Stee| ano lowe. 1|e seconoay eootab|e
segments are geographical segments which are based on
t|e sa|es to customes |ocateo |n lno|a ano outs|oe lno|a.
Segment accounnng oo||c|es ae |n ||ne w|t| t|e accounnng
oo||c|es o t|e Comoany. ln aoo|non, t|e o||ow|ng soec|c
accounnng oo||c|es |ave been o||oweo o segment
eoonng:
a) Segment revenue includes sales and other income
o|ect|y |oennab|e w|t|/a||ocab|e to t|e segment
|nc|uo|ng |nte-segment evenue.
b) Lxoenses t|at ae o|ect|y |oennab|e w|t|/a||ocab|e
to segments are considered for determining the
segment esu|ts.
c) Lxoenses/lncomes w||c| e|ates to t|e Comoany as
a whole and not allocable to segments are included
unoe Ct|e un-a||ocab|e Lxoeno|tue (net o un-
a||ocab|e lncome).
o) Segment assets ano ||ab|||nes |nc|uoe t|ose o|ect|y
|oennab|e w|t| esoecnve segments. un-a||ocab|e
assets ano ||ab|||nes eoesent t|e assets ano ||ab|||nes
that relate to Company as a whole and not allocable
to any segment.
(` in Crore)
I. Primary Segments (Business Segments)
1 Segment Revenue
a) Iron & Steel 18,23/.26 1S,893.21
b) Power 4,SS9.96 4,464.32
c) Others SS/.9S S39./S
Sub Total (Gross) 23,3SS.17 20,897.28
Less: lnte-segment 8evenue 1,61/.24 1,280.82
Net Segment Revenue 21,737.93 19,616.46
2 Segment Results
(roht(+)]Loss(-) before tax and |nterest from each segment)
- -
a) Iron & Steel 3,91S.44 3,923.22
b) Power 2,3/8.86 2,6S3.S3
c) Others (6./1) (1/3.63)
Sub Total 6,287.S9 6,403.12
Notes
232
(` in Crore)
Less : lnteest , nanc|a| exoenses 8S8.28 S29.61
Other un-allocable expenditure (net of un-allocable income) 1,S9S.86 684.91
roL before Lax 3,833.4S S,188.60
lov|s|on lo 1axanon
lncome 1ax ///.24 999.8/
Leeeo 1ax 144.S9 186.4/
roL for Lhe year afer Lax 2,911.62 4,002.26
3 Cther Informanon - -
I Segment Assets
a) Iron & Steel 22,016.90 1/,/40.04
b) Power 13,8/2.1/ 10,332.41
c) Others 2,610.32 3,069.92
d) un-a||ocateo Assets 18,S/3.26 13,86S.1/
Total Assets S7,072.64 4S,007.S4
II Segment L|ab|||nes
a) Iron & Steel 3,04S.03 1,9S6.8S
b) Power SS/.06 421.0S
c) Others 286.// 2/9.42
d) un-a||ocateo L|ab|||nes 6,/S6.10 6,/88./3
1ota| L|ab|||nes 10,644.96 9,446.0S
III Cap|ta| Lxpend|ture (Inc|ud|ng Cap|ta| work |n rogress)
a) Iron & Steel 3,991.S2 3,S30.29
b) Power 4,S2S.69 2,819.34
c) Others S04.9/ 2S8.01
Total 9,022.17 6,607.64
IV Deprec|anon
a) Iron & Steel 862.4/ /6/.13
b) Power S88./1 S3S.42
c) Others 88.04 83.92
Total 1,S39.22 1,386.47
V Non Cash Lxpend|ture other than Deprec|anon
a) Iron & Steel - (0./3)
b) Power - -
c) Others 341.09 9S.28
Total 341.09 94.55
una||ocateo assets |nc|uoe cao|ta| wo| |n oogess e|anng to ongo|ng ooects w|t| coesoono|ng ||ab|||nes unoe una||ocateo
||ab|||nes.
Notes
233
Conso||oateo
Notes
(` in Crore)
II. Secondary Segments (Geograph|ca| Segments)
1. kevenue by Geograph|ca| Market
a) India 1/,SSS.19 16,03/.SS
b) Outside India 4,182./4 3,S/8.91
Total 21,737.93 19,616.46
37. DISCLCSUkLS AS kLUIkLD 8 ACCCUN1ING S1ANDAkD (AS18) 'kLLA1LD Ak1 DISCLCSUkLS'
1|e names o e|ateo oanes w|ee conto| ex|st ano/o w|t| w|om tansacnons |ave ta|en o|ace ou|ng t|e yea ano
oesc|onon o e|anons||o as |oenneo ano ceneo by t|e management ae:
A. L|st of ke|ated arnes and ke|anonsh|ps
a) Assoc|ates
1 Angul Sukinda Railway Limited
2 Cuaat l8L Co||ng Coa| L|m|teo
3 JB FabInfra Private Limited
4 Koleko Resources
S Nalwa Steel & Power Limited
6 Panacore Shiping Pte Ltd , Singapore
7 Prodisyne (Pty) Ltd
8 Sungu Sungu Pty Limited
b) Joint Ventures
1 Jindal Synfuels Limited
2 Shresht Mining and Metals Private Limited
3 Urtan North Mining Private Limited
c) Key Management Personnel
1 Shri Naveen Jindal
2 S|| 8av| uooa| (w.e.. 01.10.2012)
3 Shri Anand Goel
4 S|| v||ant Cua| (uoto 09.11.2012)
S S|| Ll Saaog| (w.e.. 09.11.2012)
6 S|| laus|ao A||ta Ansa| (uoto 30.04.2012)
7 S|| M.L. Cuota (w.e.. 2/.04.2012 uoto 09.11.2012)
d) Lnterpr|ses over wh|ch key Management ersonne| and the|r re|anves exerc|se s|gn|hcant |nuence and w|th
whom transacnons have taken p|ace dur|ng the year
1 JSW Steel Limited
2 !Sv Lnegy L|m|teo
3 Jindal Saw Limited
4 Jindal Stainless Limited
S lno|a l|ysae Av|anon L|m|teo
6 Jindal Realty Private Limited
234
B 1ransacnons w|th ke|ated arnes
(` in Crore)
Descr|pnon Assoc|ates and Io|nt
ventures
Key Management
Personnel
Lnterpr|ses contro||ed
by Key Management
personnel and their
re|anves
Current
Year
Previous
Year
Current
Year
Previous
Year
Current
Year
Previous
Year
luc|ase o Cooos/Sev|ces S34.00 396.83 - - 9/.92 3/.S0
Sa|es o Cooos (|nc|. cao|ta| gooos) 193.S4 363.03 - - 1,03S.42 1,0/2.08
Rendering of Services - - - - 2.1/ 2.89
Sale of Investments - - - - - -
lnvestment |n Lqu|ty S|aes/oeeence
shares
38.9S 19.39 - - - -
Aovance aga|nst s|ae Aoo||canon
money
18.84 - - - 33.20 -
Ct|e Aovances g|ven/(ta|en) - 4/.82 - 0.89 (34.3/) (18.42)
Secu|ty Leoos|t C|ven/(ta|en) (0.S0) - - - 0./S S0.00
Rent and other expenses Paid 6.41 - - - 0.24 0.09
lnteest ece|veo/(oa|o){net] - 0.4/ - - 34.29 39.38
L|v|oeno ece|veo/(oa|o) - - - - (12.//) -
8emuneanon - - 63.04 8/.69 - -
Lease rent received - - - - 2.41 3.00
Notes
37. DISCLCSUkLS AS kLUIkLD 8 ACCCUN1ING S1ANDAkD (AS18) 'kLLA1LD Ak1 DISCLCSUkLS'
7 1|S|a|n 8ea| Lstate l|vate L|m|teo
8 Abhinandan Investments Limited
9 Jindal System Private Limited
10 Gagan Infraenergy Limited
11 Co|oaoo 1ao|ng Co. L|m|teo
12 la|wa Lng|nee|ng Co. L|m|teo
13 Opelina Finance and Investment Limited
14 Jindal Industries Limited
1S Jindal Coal Private Limited
16 Minerals Management Services (India) Private Limited
17 ?lC l|nvest l|vate L|m|teo
18 !|noa| 8ex Lxo|oanon l|vate L|m|teo
19 u| l|antanons l|vate L|m|teo
20 Nalwa Investment Limited
21 8o||t 1owes uu||o|ngs L|m|teo
22 utam v|oyut 1ansm|ss|on l|vate L|m|teo
23 lno|aventue Aov|sos l|vate L|m|teo
24 uonanaza 1ao|ng Comoany l|vate L|m|teo
(CCN1D.)
235
Conso||oateo
l|e c|ages oa|o - - - - - 2/.29
Cuaantees/Coooate guaantees
obta|neo/(g|ven)
- - - - - -
Inter corporate deposits given 2.28 (/.66) - - - 8.64
lnte Coooate oeoos|ts 8eoa|o/
Adjusted
4.20 - - - 33.20 (33.04)
lnte Coooate oeoos|ts w|ten o lnte - - - - - -
corporate deposits taken - - - - - -
Inter corporate deposits refunded - - - - - -
Cutstand|ng 8a|ance at the year end - - - - - -
lnvestment |n Lqu|ty s|aes 42.3S 3.40 - - - -
Guarantees Outstanding /9.08 /9.08 - - - 16.66
lnte Coooate Leoos|ts 1a|en - - - - - -
Aovance/secu|ty oeoos|t (ta|en om)/
given to customer & Others
(0.S0) - - - 8.S0 -
Loans and Advances (including Interest) 4/.S0 S6.9S - 0.82 3/9.0S 48/.39
Aovance aga|nst S|ae Aoo||canon
money
S6.01 42.4S - - 33.20 -
Lebtos - L. ua|ance 0.00 0./3 - - 1S6.36 119.22
C. ua|ance - - - - 0.40 -
Ceo|tos - L. ua|ance 14.8S 8.39 - - 108.S2 /.04
C. ua|ance 29.30 4.43 - - 6.16 2.2S
8e|ateo laty emuneanon |nc|uoes ` 0.26 coe (oev|ous yea ` 0.24 coe) oa|o to e|anves o ley Management lesonne|
C D|sc|osure |n respect of mater|a| re|ated party transacnons dur|ng the year
1 Mater|a| 1ransacnons w|th Assoc|ates (` in Crore)
Name of Related Party Na|wa Stee| &
ower L|m|ted
ke|anonsh|p Year Assoc|ate
luc|ase o Cooos/Sev|ces 2012-13 S18.2/
2011-12 396.83
Sale of Goods 2012-13 193.0/
2011-12 361.91
Other advances given 2012-13 -
2011-12 4/.S0
Notes
B 1ransacnons w|th ke|ated arnes (Contd.)
(` in Crore)
Descr|pnon Assoc|ates and Io|nt
ventures
Key Management
Personnel
Lnterpr|ses contro||ed
by Key Management
personnel and their
re|anves
Current
Year
Previous
Year
Current
Year
Previous
Year
Current
Year
Previous
Year
236
2 Mater|a| transacnons w|th Lnterpr|ses contro||ed by key Management ersonne| and]or the|r re|anves
(` in Crore)
Name of
Related Party
Year JSW Steel
Ltd. Mumbai
/Bellary
JSW Energy
Limited
Jindal
Stainless
Ltd. Hissar/
Jajpur
I|nda| Saw
Limited
Jindal
Reality
Pvt. Ltd.
1r|Shakn
Real Estate
Pvt. Ltd.
Minerals
Management
Serv|ce (Ind|a)
Pvt. Ltd.
India
Flysafe
Av|anon
Limited
Purchase of
Cooos/Sev|ces
2012-13 32.02 - 6.6/ 21.43 - - - -
2011-12 26./2 - 6.3/ 4.3S - - - -
Sale of Goods 2012-13 2/3.43 0.91 36.0S /1S./0 8.18 - 1.14 -
2011-12 234.16 3.61 33.S2 /8/.82 0.19 - - -
Rendering of
services
2012-13 - - - - - - - -
2011-12 - - 0.04 0.S1 0./9 - - -
Advance
against share
aoo||canon
money
2012-13 - - - - - 33.20 - -
2011-12 - - - - - - - -
Other advances
g|ven/(ta|en)
2012-13 16.00 - - 0.20 (0.S/) (S0.00)
2011-12 - - - - - - - (18.4/)
Secu|ty Leoos|t
Given
2012-13 - - - - - - - -
2011-12 - - - - - - S0.00 -
Interest
received
2012-13 0.02 1.9S 32.33 - -
2011-12 0.SS - - - 3S.90 2.94 - -
Lease Rent
Received
2012-13 - - - - - - - 2.41
2011-12 - - - - - - - 3.00
l|e C|ages
Paid
2012-13 - - - - - - - 3/.80
2011-12 - - - - - - - 2/.29
Inter Corporate
deposits given
2012-13 - - - - - - - -
2011-12 - - - - - 8.64 - -
Inter Corporate
oeoos|ts eoa|o/
adjusted
2012-13 - - - - - (33.20) - -
2011-12 - - - - (33.04) - - -
3 Mater|a| 1ransacnons w|th key Management ersonne|
arncu|ars Year Shri
Naveen
Jindal
Shri Ravi
Uppal
Shri
Anand
Goel
Shri DK
Saraogi
Shri
V|krant
Gujral
Shri
Naushad
Akhter
Ansari
Shri ML
Gupta
8emuneanon 2012-13 S4.98 3.02 2.64 0.41 1.32 0.2S 0.16
2011-12 /3.42 - 2.46 - 2.98 1.02 -
Loans and
advances given
2012-13 - - - - - - -
2011-12 0.18 - 0.S0 - 0.01 - -
Notes
237
Conso||oateo
38. DISCLCSUkL AS Lk CLAUSL 32 CI LIS1ING AGkLLMLN1
Loans ano Aovances |n t|e natue o Loans g|ven to Assoc|ates ano Ct|es:
(` in Crore)
arncu|ars ke|anonsh|p Amount Outstanding Max|mum 8a|ance Cutstand|ng
Name of the Company As at 31st
March, 2013
As at 31st
March, 2012
during
the year
during
previous year
JB Fab infra Private Limited Associate - /.22 /.22 /.22
lotes :
a) A|| t|e above |oans ano aovances |n t|e natue o |oan ae |nteest bea|ng.
b) lone o t|e |oanees |ave, oe se, maoe |nvestments |n s|aes o t|e Comoany.
39. FINANCIAL AND DERIVATIVE INSTRUMENTS
a) Le|vanves contacts enteeo |nto by t|e Comoany ano outstano|ng as on 31st Mac|, 2013, o |eog|ng cuency ano
|nteest ate e|ateo |s|s:
lom|na| amounts o oe|vanve contacts enteeo |nto by t|e Comoany ano outstano|ng |s ` 4/3.S6 coe (lev|ous yea
` 3,/64./0 coe). Categoy w|se bea|-uo |s g|ven be|ow:
(` in Crore)
Interest rate Swaps NIL 21/./4
(uS$ equ|va|ent
40.88 Million)
Conons NIL 4/.94
(uS$ 9.00 Million)
Forward Contracts 4/3.S6 3,499.02
(uS$ equ|va|ent (uS$ equ|va|ent
84.26 Million) /00.63 Million)
b) 1|e o|nc|oa| comoonent o oe|gn cuency |oans/oebts not |eogeo by oe|vanve |nstuments amount to ` 4044.9S coe
(Previous year ` 2,248.22 coe) w||c| |n esoecnve cuenc|es |s as unoe:
uS Lo||as 621.28 Million 138.S4 Million
!aoanese ?en 6,161.SS Million 19,S//.8/ Million
Luo 44.S/ Million 46.42 Million
c) ln accooance w|t| t|e accounnng oo||cy on nanc|a| oe|vanve |nstuments, ou|ng t|e yea, t|e Comoany |as ecogn|seo
mark to market losses of ` Nil (Previous year ` 41.03 coe).
Notes
238
40. IN1LkLS1 IN ICIN1 VLN1UkLS
1|e Comoany's |nteest as a ventue, |n o|nt|y conto||eo ennnes (lncoooateo !o|nt ventues) |s as unoe:
arncu|ars Country of
Incorporanon
ercentage of
ownersh|p |nterest as
at 31st March, 2013
ercentage of
ownersh|p |nterest as
at 31st March, 2012
Jindal Synfuels Limited India /0.00 /0.00
Shresht Mining and Metals Private Limited India S0.00 S0.00
Urtan North Mining Company Limited India 66.6/ 66.6/
1|e Comoany's |nteests |n t|e above !o|nt ventues |s stateo at cost. loweve, t|e Comoany's s|ae o assets, ||ab|||nes, |ncome
ano exoenses, etc. (eac| w|t|out e||m|nanon o t|e eect o tansacnons between t|e Comoany ano t|e o|nt ventues) e|ateo
to |ts |nteest |n t|e !o|nt ventues ano |nc|uoeo |n t|e conso||oateo nanc|a| statements ae:
(` in Crore)
arncu|ars
As at
31st March, 2013
As at
31st March, 2012
I. L|ab|||nes
1. Cuent ||ab|||nes
a) Short term borrowings - -
b) Ct|e cuent ||ab|||nes - 1./1
II. Assets
2. Non-Current Assets
a) Fixed Assets
Fixed Assets 1.34 0.02
Intangible assets under development 46.19 16.91
b) Long term loans & advances 1.38 1.3S
c) Other non-current assets 1.39 -
3. Current Assets
Cas| 8 cas| equ|va|ents 3.21 0.22
Short term loans & advances 0.14 -
Other current assets 0.09 0.26
Notes
8ego. Cmce: C. l. !|noa| Mag, l|sa -12S00S (layana)
C||ent lL
C||ent lL
lo||o lo.
lo||o lo.
L.l lL
L.l lL
ATTENDANCE SLIP
I/ve |eeby ecoo my/ou oesence at t|e 34t| Annua| Cenea| Meenng o t|e Comoany at |ts 8eg|steeo Cmce at C. l. !|noa| Mag,
l|sa -12S00S (layana) on Monoay, t|e 30t| oay o Seotembe, 2013 at 12.00 loon.
lame o t|e s|ae|o|oe ___________________________________
(|n b|oc| |etes)
Note:
?ou ae equesteo to s|gn ano |ano t||s ove at t|e entance.
l you ae ateno|ng t|e meenng |n oeson o by ooxy you cooy o nonce may o|ease be boug|t by you o you ooxy o eeence at
t|e meenng.
Aoo||cab|e o lnvestos |o|o|ng s|aes |n oemat om.
Signature of the Shareholder / Proxy
8ego. Cmce: C. l. !|noa| Mag, l|sa -12S00S (layana)
PROXY FORM
l/we ______________________________________________________ o ____________________________________ |n t|e
o|st|ct o _______________________________________ be|ng a membe / membes o t|e above nameo Comoany |eeby aooo|nt
_______________________________ o ______________________________|n t|e o|st|ct o ______________________________ o
a|||ng ||m ____________________________ o ______________________________ |n t|e o|st|ct o ___________________________
as my /ou ooxy to vote o me /us on my /ou be|a| at t|e 34t| Annua| Cenea| Meenng to be |e|o at |ts 8eg|steeo Cmce at
C. l. !|noa| Mag, l|sa -12S00S (layana) on Monoay, t|e 30t| oay o Seotembe, 2013 at 12.00 noon.
S|gneo t||s ..............oay o .............2013
Notes:
1. 1||s om s|ou|o be s|gneo acoss t|e stamo as oe soec|men s|gnatue eg|steeo w|t| t|e Comoany.
2. 1|e loxy, to be eecnve, s|ou|o be oeoos|teo at t|e eg|steeo omce o t|e Comoany not |ess t|an 48 |ous beoe t|e
commencement o t|e meenng.
3. A ooxy neeo not be a membe o t|e Comoany.
4. 1||s om |s to be useo |n avou o/ aga|nst t|e eso|unon. un|ess ot|ew|se o|ecteo, t|e ooxy w||| vote as |e t||n|s t.
Aoo||cab|e o lnvestos |o|o|ng s|aes |n oemat om.
Amx 30ls.
8evenue
Stamo
S|gnatue
Recently launched
Jindal Panther
TMT Rebars
CORPORATE OFFICE
Jindal Centre,
12, Bhikaiji Cama Place,
New Delhi - 110066, India
REGISTERED OFFICE
O.P. Jindal Marg,
Hisar - 125005
Haryana, India
Tel: +91 1662 222471-84
Fax: +91 1662 220476
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Annual Report 2012-13

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