NOTES
1.	Sales are inclusive of Excise duty.
2.	Period - end mark-to-market losses (net) recognised in respect of outstanding derivative contracts is Rs.4.48 crores (Quarter ended 30th June, 2010 - Rs.5.94 crores, Previous Year ended 31st March, 2011 - Rs.5.11 crores).
3.a	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.
b	The unit continues to be under suspension of work (effective 8th December, 2010) in consequence of illegal strike/activities by workmen.
4.	The Company's Spun Pipes and Foundries Unit continues to be under suspsension of work (effective 2nd May, 2008).
5.	The number of investor complaints received, disposed off and lying unresolved at the quarter ended 30th June, 2011 are as under:
	Pending at the beginning of the quarter — Nil Received during the quarter — 14 Disposed off during the quarter — 14 Lying unresolved at the end of quarter — Nil
6.	Comparative figures have been regrouped or rearranged where considered necessary.
7.	Legal proceeding has recently been initiated against an erstwhile management official and others in respect of some questionable transactions in one of the units of the Company. A detailed follow up investigation in this regard is being arranged by the Company and the resultant impact accruing there from is not ascertainable at this stage.
8.	The Statutory Auditors of the Company have carried out the limited review of the above unaudited financial results for the quarter ended 30th June, 2011 in terms of Clause 41 of the Listing Agreement.
	By Order of the Board
	Place : Kolkata Date : 14th August, 2011.	K. C. Jain Whole-time Director