5.	LONG TERM BORROWINGS
a.	Repayment terms and nature of securities given for Indian rupee term loans are as follows :
Rs./crore
Bank 31-Mar-12   31-Mar-11   Nature of Security Repayment Terms   2150.00   1254.87   Brought forward                 South Indian Bank Ltd. 150.00   -   First pari passu charge on all movable and immovable fixed assets (both present and future) and second pari passu charge on all current assets (both present and future) of the various units (excluding Spun Pipes & Foundries and Hindustan Heavy Chemicals units) of the Company, subject to prior subsisting charge on movable and immovable fixed assets pertaining to Vasavadatta Cement and Birla Tyres (Uttarakhand) units. (First pari passu assets charge on all immovable fixed yet to be created). Repayable in 3 quarterly instalments of Rs. 37.50 crore each commencing from the end of 24th month and last instalment of Rs. 37.50 crore to be remitted before expiry of 35th month from the date of disbursement. Interest is payable monthly @ base rate plus 1.5% p.a. with annual reset.               Syndicate Bank 200.00   -   Subservient Charge on Fixed & Current assets (both present & Future) of the company. Repayable in 5 equal monthly instalments of Rs. 40 crore starting from the end of 20th month from the date of disbursement. Interest is payable monthly @ base rate plus 0.25% p.a. with annual reset.                 2500.00   1254.87
b.	Repayment terms and nature of securities given for foreign currency term loans are as follows :
Rs./crore
Bank 31-Mar-12   31-Mar-11   Nature of Security Repayment Terms State Bank of India -   71.37   Hypothecation/mortgage charge over all the immovable and movable properties (including charge to be created on properties at Uttarakhand of Company's Tyre Unit) both present and future of all the units of the Company ranking pari passu with the existing charges save and except assets exclusively charged to other for specific loans. Paid in full in current year per terms of the contract. Interest paid monthly @ Libor plus 1.50% p.a.               ICICI Bank Ltd. 199.86   256.96   First pari passu charge on both present and future movable fixed assets of Cement expansion project at Vasavadatta Cement Unit by way of hypothecation and first pari passu charge of mortgage over both present and future immovable fixed assets of Vasavadatta Cement Unit of the Company. Repayable in ten unequal half yearly instalments commencing from end of 30th month from and including average utilisation date along with interest at 6 months @ Libor plus 1.25% p.a.                 199.86   328.33   Carried over

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