Schedule 1 : Share Capital

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Authorised
1,000,000,000 (Previous year 1,000,000,000) equity shares of Rs.1 each		100		100
Issued and Subscribed
869,101,423 (Previous year 830,961,802) equity shares of Rs.1 each fully paid-up		86.91		83.1
Total		86.91		83.1

Out of the above shares:

• 401,496,480 (Previous year 401,496,480) shares held by Finsider International Co. Ltd. U.K., the holding Company a subsidiary of Vedanta Resources plc the ultimate holding company.
• 44,343,139 (Previous year 39,098,139) shares held by West Globe Limited Mauritius a subsidiary of Vedanta Resources plc.
• 19,250,000 (Previous year 19,250,000) shares alloted as fully paid-up shares pursuant to a contract without payment being received in cash, consequent to amalgamation of erstwhile Mingoa Private Limited with the Company, with effect from 1-4-1979.
• 685,189,300 (Previous year 685,189,300) bonus shares allotted as fully paid-up shares pursuant to capitalisation of reserves and Share Premium Account.
• 33,274,000 (Previous year 33,274,000) shares allotted as fully paid-up shares on a preferential basis to Twinstar Holdings Limited, a subsidiary of Vedanta Resources Plc.
• 39,188,159 (Previous year 10,447,402) shares allotted as fully paid-up shares on conversion of 2,832 (Previous year 755) Foreign Currency Convertible Bonds.
• 9,398,864 shares alloted during the year as fully paid-up shares to shareholders of the erstwhile Sesa Industries Limited for consideration other than cash, pursuant to the Scheme of amalgamation. (Refer Note No. 2 of Schedule 19)

Schedule 2 : Reserves and Surplus

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Share premium account
As per last balance sheet	875.34		-
Add: Amount received on preferential allotment of equity shares	-		533.91
Add: Amount received upon conversion of Foreign Currency	994.08		361.36
Convertible Bonds into equity shares
Less: Expenses on issue of Foreign Currency Convertible Bonds	-		19.93
		1,869.42		875.34
Capital reserve				0.25
As per last balance sheet		0.25
Capital reserve on consolidation
As per last balance sheet	-		-
Add: Arising on acquisition of minority interest consequent to amalgamation of Sesa Industries Limited with the Parent (Refer Note No. 2 of Schedule 19)	9.87		-
		9.87		-
General reserve
As per last balance sheet	5,992.32		4,392.32
Add: Transfer from profit and loss account	2,500.00		1,600.00
		8,492.32		5,992.32
Hedging reserve
As per last balance sheet	-		(9.08)
Add: Amount adjusted on settlement of hedge contracts	-		13.76
Less: Deferred tax impact on contracts	-		(4.68)
		-		-
Profit and loss account
As per annexed account		2,351.66		966.70
Total		12,723.52		7,834.61

Schedule 3 : Secured Loans

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
From banks
Cash credit		3.31		9.61
(Secured against hypothecation of Ore stocks, consumables, Stores, bookdebts and lodgement of Letter of Credit)
Term loan		18.75		25.28
(Secured by specific charge on transfer vessel)
[Due within a year Rs. 6.25 crore (Previous year Rs. 6.32 crore)]
From others
Term Loan		9.38		9.48
(Secured against future export proceeds)
[Due within a year Rs. 9.38 crore (Previous year Rs. Nil)]
Total		31.44		44.37

Schedule 4 : Unsecured Loans

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Foreign Currency Convertible Bonds		968.01		1,916.19
(Refer Note No. 7 of Schedule 19)
Total		968.01		1,916.19

Schedule 5 : Deferred Tax Liability

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Deferred tax liabilities
on temporary timing diferences		81.09		83.39
in respect of depreciation allowance
Deferred tax assets
- in respect of compensated absence	6.10		6.04
- Others	6.78		2.33
		12.88		8.37
Net deferred tax liability		68.21		75.02

Schedule 6 :Fixed Assets

Particulars	Original Cost				Depreciation/ Amortisation			Net Value
	Opening as at 1st April, 2010 Rs. in crore	Addition Rs. in crore	On Deductions Rs. in crore	Closing as at 31st March, 2011 Rs. in crore	Upto 31st March, 2010 Rs. in crore	For the Year Rs. in crore	On Deductions Rs. in crore	Upto 31st March, 2011 Rs. in crore	As at 31st March, 2011 Rs. in crore	As at 31st March, 2010 Rs. in crore
Tangible Assets
Mining leases	28.7	-	-	28.7	16.59	4.6	-	21.19	7.51	12.11
Mining concessions	0.68	-	-	0.68	0.65	-	-	0.65	0.03	0.03
Land plots (Note No: 1)	30.47	154.18	-	184.65	0.05	0.03	-	0.08	184.57	30.42
Road and bunders	7.20	2.87	-	10.07	2.04	0.17	-	2.21	7.86	5.16
Buildings	64.84	6.38	-	71.22	14.40	1.76	-	16.16	55.06	50.44
Plant and Machinery	889.75	136.75	22.83	1,003.67	421.71	74.34	19.29	476.76	526.91	468.04
Aircraft (Note No: 2)	1.46	-	-	1.46	0.38	0.08	-	0.46	1.00	1.08
Vehicles	18.01	4.02	2.02	20.01	9.76	2.68	1.86	10.58	9.43	8.25
Riverfleet	62.96	13.56	-	76.52	21.29	2.06	-	23.35	53.17	41.67
Ship (Note No: 3)	160.88	0.68	0.01	161.55	82.11	8.10	0.01	90.20	71.35	78.77
Furniture and fittings	11.55	3.96	0.11	15.40	3.95	1.20	0.11	5.04	10.36	7.60
Intangible Assets
Goodwill on consolidation	1,474.54	-	-	1,474.54	1.15	-	-	1.15	1,473.39	1,473.39
Computer software	-	16.36	-	16.36	-	1.36	-	1.36	15.00	-
Total	2,751.04	338.76	24.97	3,064.83	574.08	96.38	21.27	649.19	2,415.64	2,176.96
Previous year	886.34	1,881.72	17.02	2,751.04	342.24	248.34	16.50	574.08	2,176.96
Capital work-in-progress
Constructions in progress (Note No. 4)									547.91	37.89
Capital advances									180.75	40.85
Total									728.66	78.74

Notes:

• Land Plots include under Perpetual Lease Rs.1.99 crore (Previous year Rs.1.99 crore)
• Represents 50% undivided interest in a P68C Aircraft.
• Includes Rs.36.49 crore, being 50% undivided interest in a Transhipper Vessel named “Goan Pride”.
• Amount includes Rs.4.55 crore (Previous year Rs.0.17 crore) interest capitalised during the year.

Schedule 7 : Investments

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Current Investments (at lower of cost and market value)
Non-trade, unquoted:
In Mutual Funds (Refer Note No. 13 of Schedule 19)
Birla Floating Rate Fund - Long Term - Institutional - Growth	-		100.00
Birla Interval Income Fund - Institutional  Quarterly Interval Plan - Series II  - Dividend Payout	-		200.00
Birla Interval Income Fund - Institutional Quarterly Interval Plan - Series I - Dividend Payout	-		100.00
Birla Short Term FMP Series 4 - Dividend Payout	125.00		-
Birla Short Term Opportunity Fund - Dividend Payout	509.90		-
Birla Sun  Life Fixed Term Plan -  Institutional  Series CD ( 370 Days ) - Growth Option	50.00		50.00
Birla Sun Life  Cash Plus Fund	40.11		-
Birla Sun Life  Savings Fund - Institutional Growth	-		82.06
Birla Sunlife Ultra Short Term Fund - Institutional - Growth	340.09		-
Canara Robeco Floating rate ST- Growth	88.04		-
Canara Robeco Treasury Advantage Super Institutional Fund - Dividend	40.00		-
Canara Robeco Treasury Advantage Super Institutional Fund - Growth Option	396.27		51.70
DSP BlackRock FMP - 3M Series 27 - Dividend	100.00		-
DSP BlackRock Money Manager Fund - Institutional - Growth	202.72		-
HDFC Cash Management Fund - Treasury Advantage Plan - Wholesale - Growth	41.55		298.26
HDFC Floating Rate Income Fund - Short Term Plan - Whole - Growth	120.33		-
HDFC FMP 370 Days 2010 (2) - Dividend Payout	35.00		-
HDFC FMP 370 Days June 2010 (1) - Growth	25.00		-
HDFC FMP 370 Days June 2010 (2) - Dividend Payout	35.00		-
HDFC Quarterly Interval Fund - Plan C - Dividend  Payout	-		65.00
ICICI  Prudential  FMP  Series  52 - 1 Year Plan A  -  Growth Option	-		20.00
ICICI Prudential  MF - Flexible Income Plan - Institutional -  Daily Dividend	150.02		-
ICICI Prudential - Flexible Income Plan Premium - Growth	64.56		68.22
ICICI Prudential  Floating Rate - Plan D - Growth	172.11		-
ICICI Prudential  - Ultra Short Term Plan Super Premium - Growth option	-		208.92
ICICI Prudential FMP Series 51 - 1 Year Plan B - Grwoth Option	20.00		20.00
ICICI Prudential  FMP Series 52 - 1 Year Plan A - Growth	20.00		-
ICICI Prudential Interval Fund II - Quarterly Interval Plan Institutional - Dividend	50.00		-
ICICI Prudential Interval V Monthly Insterval Plan Dividend Payout	52.00		-
ICICI Prudential Medium Term Premium Plus - Dividend Payout	-		150.00
ICICI Prudential Banking and PSU Debt Fund - Daily Dividend	238.19		-
ICICI Prudential Blended Plan B - Institutional Plan - Dividend Reinvested	788.55		-
ICICI Prudential Blended Plan B - Institutional Plan - Dividend Payout	100.01		-
IDFC FMP - Half Yearly Series 9 - Plan A -  Dividend Payout	-		100.00
IDFC Money Manager Fund -  Investment Plan - Institutional Plan B -  Growth Option	200.00		363.38
IDFC Savings Advantage Fund - Plan A - Daily Dividend	401.95		-
IDFC Fixed Maturity Monthly Series - 30 - Dividend	275.00		-
Kotak Floater Long Term - Growth	413.14		254.20
Kotak FMP 13M Series 5 - Growth	-		50.00
Kotak FMP 370 Days - Series 1 - Growth Option	-		50.00
Kotak FMP 370 Days Series 3 - Growth Option	50.00		50.00
Kotak FMP Quarterly Interval Plan - Series 3 - Dividend Payout Option	-		100.00
Kotak FMP Quarterly Interval Plan - Series 6 - Dividend Payout Option	-		250.00
Kotak FMP Quarterly Interval Plan - Series 9 - Dividend Payout Option	102.52		-
Kotak FMP Quarterly Interval Plan - Series 10 - Dividend Payout Option	90.00		-
PNB Principal Term equity Fund 3 plan  series II Growth Plan	-		0.05
Reliance Medium Term Fund - Retail Plan - Growth Option	-		100.97
Reliance Fixed Horizon Fund  - XIII - Series  3  - Super Institutional -  Growth Option	-		60.00
Reliance Fixed Horizon Fund  - XIV - Series  5  - Super Institutional - Growth Option	50.00		50.00
Reliance Fixed Horizon Fund -  XIV - Series 1  - Super Institutional - Growth  Option	100.00		100.00
Reliance Fixed Horizon Fund  - XV - Series 4 - Growth Option	50.00		-
Reliance Fixed Horizon Fund - XV - Series 5 - Growth Option	25.00		-
Reliance Fixed Horizon Fund - XV - Series 6 - Dividend  Option	200.00		-
Reliance Fixed Horizon Fund XII - Series 4 - Super Institutional Growth	-		300.00
Reliance Monthly Interval Fund -  Series  I - Institutional   - Dividend Payout  Option	242.01		-
Reliance Monthly Interval Fund -  Series  II - Institutional   - Dividend Payout  Option	296.02		100.00
Reliance Mutual Fund - Money Manager Fund - Dividend	123.14		-
Reliance Quarterly Interval Fund - Series I - Dividend	204.01		-
Religare  FMP - Series II  -  Plan F  ( 13 Months  ) - Growth Option	100.00		100.00
Religare FMP - Series II - Plan C ( 15 Months ) - Growth Option	100.00		100.00
Religare FMP - Series II A  ( 13 Months )  -  Growth Option	100.00		100.00
Religare FMP - Series II B ( 15 Months ) - Growth Option	170.00		170.00
Religare FMP - Series - III Plan C (370 Days ) - Dividend	50.00		-
Religare FMP - Series IlI A  ( 12 Months )  -  Growth Option	50.00		-
SBI Debt Fund Series - 13 Months - 10 - Institutional Growth	-		150.00
SBI  Debt Fund Series - 370 Days - Growth Option	-		90.00
SBI - Short Horizon Debt Fund - Ultra Short Term Plan - Institutional Growth Option	126.69		83.72
SBI  Premier Liquid Fund - Super Institutional - Daily Dividend	74.14		-
SBI SDFS - 370 Days	90.00
Tata Fixed Maturity Plan - Series 26 - Scheme A - Growth Option	20.00		20.00
Tata Floater Fund - Growth Option	564.00		8.32
UTI - Fixed Income Interval Fund - Monthly Interval Plan  I - Dividend	150.00		-
UTI - Fixed Income Interval Fund - Monthly Interval Plan II - Dividend	114.99		-
UTI - Floating Rate Fund - Short Term Plan - Institutional - Growth	437.64		-
UTI - Treasury Advantage Fund  - Instutional Plan - Growth	25.05		-
UTI -  Short Term Income Fund - Institutional  Income Option - Reinvestment	-		200.00
UTI - Fixed Income Interval Fund - Series II - Quaterly Interval Plan V - Institutional Dividend Plan -  Payout	-		150.00
UTI - FMP  - Yearly Series  ( YFMP 11/09 ) - Institutional  Growth Option	-		50.00
		8,799.75		4,564.80
Long-term Investments ( at cost less provision for diminution):
Non-trade, unquoted shares:
In Co-operative societies:
Sesa Ghor Premises Holders' Maintenance Society Limited 400 equity shares of Rs.10 each fully paid -up [Rs. 4,000 (Previous year Rs. 4,000)]		-		-
Sesa Goa Sirsaim Employees' Consumers Co-operative Society Limited 200 equity shares of Rs. 10  each fully paid-up [Rs. 2,000 (Previous year Rs. 2,000)]		-		-
Sesa Goa Sanquelim Employees' Consumers Co-operative Society Limited 230 equity shares of Rs. 10  each fully paid-up [Rs. 2,300 (Previous year Rs. 2,300)]		-		-
Sesa Goa Sonshi Employees' Consumers Co-operative Society Limited 468 equity shares of Rs. 10 each fully paid-up [Rs. 4,680 (Previous year Rs. 4,680)]		-		-
Sesa Goa Codli Employees' Consumers Co-operative Society Limited 450 equity shares of Rs. 10  each fully paid-up [Rs. 4,500 (Previous year Rs. 4,500)]		-		-
Sesa Goa Shipyard Employees' Consumers Co-operative Society Limited 500 equity shares of Rs. 10  each fully paid-up [Rs. 5,000 (Previous year Rs. 5,000)]		-		-
V.S.Dempo Surla Mine Staff Co-operative Credit Society Ltd. 250 equity shares of Rs. 10  each fully paid up [Rs. 2,500 (Previous year Rs. 2,500)]		-		-
V.S.Dempo Surla Mine Staff Consumer Co-operative Society Ltd. 250 equity shares of Rs. 10  each fully paid up [Rs. 2,500 (Previous year Rs. 2,500)]		-		-
The Mapusa Urban Cooperative Bank Limited 40 equity shares of Rs. 25 each fully  paid-up [Rs. 1,000 (Previous year Rs. 1,000)]		-		-
In other companies:
Goa Shipyard Limited 62,707 equity shares of Rs. 10 each fully paid-up (including 34,837 bonus shares)		0.03		0.03
Goa Infrastructure Development Company Private Limited 5,000 equity shares of Rs. 100  each fully paid up.		0.01		0.01
Goa Maritime Private Limited 5,000 equity shares of Rs. 10  each fully paid up.		0.01		0.01
Total Cost		8,799.80		4,564.85
Provision for dimunition in value of investments [Rs. 5,000 (Previous year Rs. 5,000)]		-		-
Total		8,799.80		4,564.85
Notes:
1. Aggregate amount of mutual fund investments at net asset value		8,891.27		4,624.67
2. Aggregate amount of unquoted investments at cost [including mutual funds of Rs. 8,799.75 crore (Previous year Rs. 4,564.80 crore)]		8,799.80		4,564.85
3. Investments on lien towards purchase of shares in Cairn india Limited (Refer Note No. 3 of Schedule 19).		1,674.67		-

Schedule 8 : Inventories

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Stocks (at lower of cost and net realisable value) of:
Raw material [including goods in transit Rs.116.32 crore		294.84		113.94
(Previous year Rs.Nil)]
Finished goods
Iron ore	313.80		315.61
Metallurgical coke	35.14		10.66
Pig Iron	38.58		12.38
		387.52		338.65
Work-in-progress		0.32		1.74
Consumables stores and spares [including goods in transit		61.07		48.21
Rs.0.13 crore (Previous year Rs.0.11 crore)]
Total		743.75		502.54

Inventories are net of unrealised profits on intragroup sales.

Schedule 9 : Sundry Debtors

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Debts outstanding for a period exceeding six months
Unsecured and considered good	29.84		39.56
Considered doubtful	2.74		2.68
		32.58		42.24
Other debts
Unsecured and considered good		653.18		298.56
		685.76		340.80
Less: Provision for doubtful debts		2.74		2.68
Total		683.02		338.12

Schedule 10 : Cash and Bank Balances

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Cash on hand [including cheques and demand drafts on hand Rs. 3.27 crore (Previous year Rs. 2.51 crore )]		3.38		2.61
Demand drafts in transit		4.02		6.76
Balances with scheduled banks:
On current account (Refer Note No. 2)	175.19		24.12
On deposit account [(Including on lien Rs. 0.86 crore (Previous year Rs. 0.85 crore)]	699.31		2,353.71
On EEFC account	0.05		0.12
Unpaid dividend account	14.99		4.44
		889.54		2,382.39
Balances with other banks:
On current account (Refer Note No. 1)		0.08		0.08
Total		897.02		2,391.84

Notes:

1.

Name of other banks	Balance (Rs. in crore)	Max. balance at any time during the year Rs. in crore	Balance (Rs. in crore)	Max. balance at any time during the year Rs. in crore
Bank of Shanghai, China	0.08	0.18	0.08	0.15

2. Balance in current account includes Rs.140.16 crore, held in Escrow account towards purchase of shares in Cairn India Limited. (Refer Note No. 3 of Schedule 19)

Schedule 11 : Loans and Advances

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Unsecured considered good unless otherwise stated
Advances recoverable in cash or in kind or for value to be received
Considered good	264.60		118.28
Considered doubtful	0.62		0.50
Less: provision for doubtful advances	0.62		0.50
		264.60		118.28
Intercorporate deposits (Refer Note No. 16 of Schedule 19		1,026.71		1,000.00
Balances with port trusts, customs, excise authorities etc.		2.01		3.48
Loans and advances to staff		1.51		1.47
Prepaid expenses		13.71		11.57
Deposits		13.11		10.72
Total		1,321.65		1,145.52

Schedule 12 : Current Liabilities

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
Sundry creditors
Due to micro and small enterprises	0.85		0.60
Due to others *	1,168.31		726.22
		1,169.16		726.82
Advances from customers		22.93		19.89
Unclaimed dividend #		14.99		4.44
Unclaimed matured deposits #		0.05		0.02
Unclaimed interest on deposits #		0.01		0.01
Other liabilities		62.10		33.46
Interest accrued but not due on loans		25.40		45.54
Total		1,294.64		830.18

* Includes Rs. 1.16 crore due to the directors (Previous year Rs. 0.96 crore)

# There are no amounts due and outstanding as at balance sheet date to be credited to Investor Education and Protection Fund

Schedule 13 : Provisions

Particulars	As at 31st March, 2011		As at 31st March, 2010
	Rs. in crore	Rs. in crore	Rs. in crore	Rs. in crore
For income tax [net of advance tax Rs. 3,812.57 crore (Previous year Rs. 2,294.65 crore)]		49.98		73.68
For proposed dividend		304.18		270.06
For dividend tax		49.35		45.90
For gratuity		5.19		3.72
For compensated absence		22.25		18.05
Total		430.95		411.41