INFORMATION AS REQUIRED UNDER SECTION 217(1)(e) READ WITH  
                      COMPANIES (DISCLOSURE OF PARTICULARS IN RESPECT OF 
                                                       BOARD OF DIRECTORS) RULES,1988 
 
III. FOREIGN EXCHANGE EARNINGS & OUTGO :
 

1.	Activities relating to exports, initiatives taken to increase exports, development of new export markets for products and services and export plans	Export of VFY increased. Exploring new markets in Spain, Greece, Iran and Ethiopia(Rayon & TP Sections). Achieved better market acceptability (Tyre Section).
2.	Total Foreign Exchange used and earned-
	Used	Rs. 27,830.53 lacs
	Earned (on F.O.B. realisation basis)	Rs. 19,800.75 lacs

			B. K. Birla		Chairman
Kolkata, 3rd May, 2008		S. K. Parik Director & Secretary	K. G. Maheshwari B. P. Bajoria P. K. Choksey G. B. Pande Amitabha Ghosh P. K. Mallik Manjushree Khaitan		Directors