Annexure - B Mr.

Pratap Kumar Msihra Company/Business/Unit Department Designation Reporting to Location Qualification Date of Birth Total Experience Next Revision due on : Compensation effective from : : : : : : : : : : Proposed Amount INR Salary Basic Salary Allowance / Reimbursements Medical 140,000 146,957 11,667 This covers domiciliary expenses incurred on medical conditions such as illness etc. These cover those expenses for which one does not have get admitted to a hospital. These are to be claimed against medical bills obtained from the Chemist etc. This covers reimbursement for travel on leave within india. It is governed by the IT Act where one can claim tax exemptions twice in a block of four years. This is paid a monthly basis. This does not have any link to retirement benefits or any other element of compensation 286,957 44,534 16,800 21,000 6,734 9,600 9600 341,091 42,000 42,000 383,091 34,109 This is a performance linked pay plan as applicable to all Managerial Executive at Hindalco. This amount is the target pay on achievement 100% of the target set. The amount indicated here is for a performance period of 12 months, April-March. This actual payout will vary due to performance level and period worked in the performance period. This is an indicative number only. Project special pay will be payable every six month ( December & June) at this rate for your JB if you stay at Bargwan otherwise Rs. 69000/- p.a. will be paid. 500,000 Yes At Singrauli it is 30% of Basic Salary subject to maximum of Rs 78000/p.a. Incase of company's accommodation the HRA will be discontinued. The employer contributes to the extent of 12% of basic salary. This amount is deposited with the PF Trust of the Company. Similar amount is deducted from employee's basic salary as his contribution. The employer contributes to the extent of 15% of basic salary. This amount can be cashed out. The employer will contribute to the extent of 15 days basic on completion of five years of the employee. This is governed by the Gratuity Act. This amount is paid as part of monthly salary. This is not against any claims. Mahan Aluminium Project Mechanical Engineer (Mechanical) in indicative JB 11 DH (O&M) Singrauli, Madhya Pradesh B.Tech (Power Engg)'2009 22.10.1987 2.1 Yrs 1st July 2012 Date of Joining Annual 140,000 This is paid on a monthly basis. Retirement benefits are related to it 11667 Remarks

Leave Travel Allowance Special Allowance Guaranteed Cash Retirement Benefits Provident fund (12% of Basic) Superannuation (15% of Basic) Gratuaity (15 days Basic) Conveyances Conveyance Allowance Fixed Compensation w/o housing Housing HRA/ Housing Fixed Compensation Variable Pay

11,667 123,623

10302

Performance Incentive Plan

34,109

Project Allowance Project Special Pay Cost to Company Benefits / Perks not valued Mobile Phone 82,800

82,800

Cost of Handset to be borne by the employee, rentals and official calls will be reimbursed as per company's policy. Accident Insurance Yes Coverage of 48 months Basic + Special Allowance Hospitalisation Insurance Yes Sum Insured Rs. 2 Lacs for coverage of max. 6 members The above compensation and Benefits are subject to Taxes as applicable, to be borne by the incumbent, as per prevalling tax laws. Other terms & conditions of the Offer 1. Probation Period will be of 6 months w.e.f. date of joining. 2. Confirmation after successful completion of probation period. 3. This offer is subject to you are being found fit in the pre-employment medical test. 4. Notice Period: Three months from either side or three months compensation (Basic+ Special Allowance). 5. Next Compensation Revision in July 2012 based on Annual Performance review and date of joining 6. Retirement Age: 58 years 7. 100% Compliance of Co's rules, regulations and Code of Conduct & Group Values. 8. Your CTC shall remain fixed till next revision. However, the components in the offer sheet may be altered without change in the CTC. 9. Please send your acceptance to the offer by 31st Aug 2011. You are requested to join us latest by 25th Sep 2011. PS: The terms and conditions of employment would be communicated to you in formal manner through Appointment Letter which will be issued to you at the time of joining.