NOTES
	1.	Sales are inclusive of Excise duty.
	2.	Provision for Current Tax for the quarter ended 30th June, 2010 is net of MAT credit of Rs. 450 lakhs as the Company is confident to generate sufficient taxable income in next few years available for set off of the aforesaid credit within stipulated time. (quarter ended 30th June, 2009 - Rs. Nil ; year ended 31st March, 2010 - Rs. 4450 lakhs)
	3.	Period-end mark-to-market loss (net) recognised in respect of outstanding derivative contracts is Rs. 594 lakhs. (quarter ended 30th June, 2009 - Rs. 609 lakhs; year ended 31st March, 2010 Rs. 143 lakhs)
	4.	Profit for the current quarter vis-à-vis the corresponding previous quarter is affected primarily due to decrease in cement prices in southern India and steep hike in rubber prices in tyre unit.
	5.	The Company's Spun Pipes and Foundries Unit continues to be under suspension of work (effective 2nd May, 2008).
	6.	Pending disposal (consented by the shareholders in March, 2006) of the Company's Hindusthan Heavy Chemicals Unit, the revenue / expenses of the unit (insignificant in terms of the Company's total revenue / expenses) have been and will be included in these and subsequent results till its disposal. Certain unresolved issues pertaining to the unit raised by West Bengal Pollution Control Board are pending.
	7.	The Board in meeting held on 1st July, 2010 has decided to further augment clinker production at Vasavadatta Cement unit of the Company by 1.71 million MT/year together with captive power plant of 18 MW capacity at an estimated cost of Rs. 925.00 crores. The related grinding facility of 2.5 million MT of cement per annum will be situated at Sholapur in the state of Maharashtra. Further, a waste Heat Recovery System (estimated cost Rs. 200.00 crores) will be put in place to generate power at this Unit of the Company. These projects are expected to be complete by the financial year 2012-13.
	8.	The Company was forced to declare lock-out at its Balasore tyre factory in Orissa effective 16th July, 2010 in consequence of illegal strike/ activities by workmen.
	9.	The number of investor complaints received, disposed off and lying unresolved at the quarter ended 30th June, 2010 are as under :
		Pending at the beginning of the quarter — Nil Received during the quarter — 19 Disposed off during the quarter — 19 Lying unresolved at the end of quarter — Nil
	10.	Comparative figures have been regrouped or rearranged where considered necessary,
	11.	The Statutory Auditors of the Company have carried out the limited review of the above unaudited financial results for the quarter ended 30th June, 2010 in terms of Clause 41 of the Listing Agreement.
		By Order of the Board
		Place : Kolkata Date : 24th July, 2010	B. K. Birla Chairman