Grasim Industries Limited

Investor Presentation - September 2001

2

! Grasim's Business Profile" Cement " VSF" Sponge Iron " Textiles

! Divisional Overview! Restructuring Efforts! Financial Highlights! Q1FY02 Performance Review (Annexure)

Presentation Structure

3

! Balanced business-mix over 80% revenue from core businesses of Cement and Viscose Staple Fibre

! Cement business, after 3 years of investment phase and restructuring, is on the threshold of profitable growth

! Share of Cement business is set to rise with incremental new investment only in cement

! VSF is a secure and stable business with strong cash flows.! Strong cash flows and low gearing to support cement

growth strategy

Business Profile

4

Business Mix

Q1FY02 (Rs. 1,176 Crs.)

Others5%

VSF, Pulp &Chemical

33%

Textiles6%

Cement47%

Sponge Iron9%

FY 2001 (Rs. 4,822 Crs.)

Others8%

VSF, Pulp &Chemical

39%Textiles6%

Cement39%

Sponge Iron8%

5

PBIDT Mix

Q1FY02 (Rs.248 Crs.)

Others1%

VSF, Pulp &Chemical

31%

Textiles-1%

Cement60%

Sponge Iron9% VSF, Pulp &

Chemical56%

Cement34%

Sponge Iron9%

FY 2001 (Rs. 912 Crs.)

Others 3%

Textiles(-) 2%

6

Cement – a growth area for Grasim

Cement will be a key driver of growth in future

56 57 48 46 42 39 39 33

19 2225 23 29 37 38 47

9 9 11 12 810 8 912 9 10 10 97 6 64 3 6 9 12 7 8 5

0%

20%

40%

60%

80%

100%

FY95 FY96 FY97 FY98 FY99 FY00 FY01 Q1FY02

VSF Cement Sponge Iron Textiles Others

Revenue Mix

7

Business Overview

8

Cement

9

Grasim’s Cement Business! Amongst three largest producers in India

" 10.36 Mn TPA existing capacity across 5 locations" 2.2 Mn TPA additional grinding facilities at split locations

(by Dec. 01)

" 1.14 Mn M3 RMC plants (6 Nos.) and 0.65 Mn Ton Bulk Terminal" Captive power plant at all locations, meeting entire requirements" Four strong national brands - Birla Tristar, Birla Super, Birla Ready

Mix and Birla White; Two strong regional brands - Rajashree and Vikram

! Excellent market position" Dominant player in key consuming states of Maharashtra,

Karnataka, Rajasthan, Western M.P., Western U.P. and Haryana" Domestic market share exceeds 10%

#North(12%), East(8%),West(11%) and South(9%)! Largest producer of white cement in India with capacity of

400,000 TPA (55% market share), 6th largest in the World

10

Industry Outlook Positive

! Cement consumption to more than double in next 10 years" 6% GDP growth to drive 7-8% annual growth in demand" Per capita consumption is lower than many developing countries

- India (87Kgs) Vs. China (400 Kgs) and Brazil (250 Kgs)

153(E)200(E)2010-11(F)8793.522000-015448.901990-912818.661980-812214.221970-71

Per Capita Consumption (Kgs.)

Annual ProductionVolume in Mn. MT

Source : NCAER Study

11

! Demand growth will be accelerated by :"Strong growth in housing sector

# Rural demand to pickup with normal monsoon # Fiscal incentives for private housing to continue# Changing preference towards nuclear families # Impending recovery and pickup in industrial activity to

boost urban demand"Renewed focus on infrastructure sector by the Government

# Thrust on road sector re-iterated in the Union Budget. Plan outlay up 93% to Rs.8,730 Crs.

# Golden Quadrilateral - 6000 Kms Road Project; to be completed by Year 03

# North-South and East-West Corridor Project - 7000 Kms of expressway underway- To be completed by Year 07

# Construction of Flyovers, expressways and concretisation of roads by State Governments to augment further consumption

Industry Outlook Positive (Contd..)

12

Long term supply pressures to ease! Cement production exploded after decontrol

" 50 Mn MT added in last 10 years" Sharp rise in capacity coupled with sluggish growth in demand

resulted in domestic surplus and pricing pressures ! Capacity additions to slow down

" Stringent financing environment (e.g. Lender’s policy shift in project finance)

" Sales Tax incentives phased out" Additional 12 Mn Greenfield capacity likely in next three years " Significant addition to Greenfield capacities unlikely, as same

unviable at current prices" Capacity addition may be by way of de-bottlenecking, brown

field expansion and higher proportion of blended cement! Demand supply balance likely within next 3 years

13

Short term surplus to continue! Demand growth to recover in second half of FY 02 on the back

of good Monsoon in almost all key cement consuming states and infrastructure spending

! Supply pressures to continue" Present capacity utilisation offers room for increased supplies" On-going de-bottlenecking to add fresh capacities" Progressive shift towards blended products to increase latent

capacity with existing producers ! Capacity utilisation expected to grow gradually with pick-up in

demand

14

Price outlook remains firm! Prices recovered during 2HFY01! Significant downside in cement prices unlikely

" Economic compulsion –#Substantial cost increase in last 3 years

" Stressed gearing of large players" Valuations of recent acquisitions assume higher price levels" Producers wanting to exit cement business keen on keeping

cement prices at remunerative level! Industry consolidation process to contribute positively

" Around 30 Mn MT capacities up for sale! Historically no major imports. Imports not viable even at

current prices

15

Going Forward! Key Challenges

" Greater competition among majors" Focus on improving market position" Retention of market share" Cost Control

! Strategies to overcome challenges" Maintain market position" Capital and manpower productivity" Maintaining competitive cost structure

16

Strategy : Market Position! Focus on identified core markets (North, Western corridor and

South)! Strengthen brands to ensure regional dominance! Improve realisation thru

" Change in product mix " Change in market mix

# Better penetration into new markets of South and North# Grinding unit at Bhatinda underway# Improve presence in profitable retail segment

! Value added products will be a focus area! Selective acquisitions, to benefit from industry consolidation

" Strong cash flows to fuel cement growth initiatives

17

Strategy :Capital and Manpower Productivity

! Capacity expansion from 9.10 Mn. MT to 10.36 Mn. MT achieved without major capex.

! Cost effective expansion of capacities" Adding 2.8 Mn MT in next 15 months through change in

product mix and de-bottlenecking" Capital cost per ton to reduce from Rs.1800 to Rs.1600

! Capex plans to enhance returns! Employee productivity is focus area

" Rationalisation of labour force

18

Strategy : Cost Control

! Further reduction in energy costs" Increase proportion of thermal power" Reduce unit energy consumption further" Change in fuel mix - increase use of petcoke

! Reduce distribution costs" Better logistics management" Leverage advantages of new plant in South" Set up grinding facilities close to profitable markets

! Amalgamated Dharani Cements Ltd. will result in annual saving of Rs.14 crores.

490

728

90

99-00

465539551Freight Distance (Kms)

720735751Fuel (KCal/Kg)

9095100Power (KWH / MT)

00-0198-9997-98

19

Viscose Staple Fibre

20

VSF - Another Key Business for Grasim! Largest domestic producer with strong competitive advantage

" 3 fibre plants with 2,20,000 TPA installed capacity! Market leader with over 90% domestic share! Amongst lowest cost producers in the World! Fully integrated operations

" Caustic Soda and Power requirements met fully from captive sources

" 50% of pulp requirement met from captive sources! Strong in-house R&D facilities

21

VSF Industry Profile! Two producers with a production capacity of 277000 MT

" FY 01 Grasim’s production - 218847 MT" FY 01 Other Producer - 17326 MT

! Cellulosic fibre and filament segment is around 15% of total man made fibre segment

! VSF constitutes 6% of overall textile fibre segment ! Over last decade domestic demand has risen 4% annually

844741980

Over 00 17%2361732001Over 99 13%2020362000Over 90 2%1781801999Over 80 6%1476551990

CAGRDemand (MT)Year

! On the other hand global demand has been declining (from 1.9 Mn. ton in 1990 to 1.7 Mn. ton in 2000)

CAGR over 1990 - 4%

22

VSF to Remain Stable PerformerOutlook! Recent fall in volumes due to down-turn in textile industry and low

yarn demand" VSF yarn prices in European and Asian markets declined from

its peak of US$ 2.27/kg in May 00 to US$ 1.90/kg in June 01. Exports from India declined from 2800 MT per month in March 01 to 1150 MT per month in June 01

" Export realisation lower due to weakening of Euro" Increased competition due to fall in value of Indonesian Rupiah

by 9% in Q1 FY01 " Falling demand is partly attributable to increased price disparity

with PSF. Price differential widened from Rs.18/kg in FY01 to Rs.24/kg in Q1 FY02

! Demand expected to pick-up in the second half" Indonesian Rupiah as well as Euro has gained part of lost

ground, enhancing competitive strength of domestic yarn exporters.

" Declining pulp prices has helped correction in VSF prices #Pulp prices showing a declining trend at US$ 525/MT, from

the peak level of 750/MT in Q4FY01

23

VSF to Remain Stable PerformerOutlook (contd..)! Operating profit expected to improve in second half

" Operating profit will get support from lower pulp prices." Closure of non-viable Mavoor operation to add Rs.27 Crs. per

annum to bottom line! Towards ensuring long term growth, Grasim will focus on

enlarging use of VSF through" Positioning VSF at the high end of the market as the Fibre for

Feel, Comfort and Fashion " Branding “Birla Viscose” to create awareness in the value chain

and promote VSF as an Eco-friendly Fibre." Product and application development" Strategic alliance with trend - setters for new applications

3901137013

4751246194 47024

52081

48228

38039

4410046048

4468242663 43755 44978

53308 52889

49429

72590

66650

73511

69660

68472

66048

64279

66650

6535663697

62795

65565

67380

65067 65608

68358

66963

25000

30000

35000

40000

45000

50000

55000

Q1 98 Q2 98 Q3 98 Q4 98 Q1 99 Q2 99 Q3 99 Q4 99 Q1 00 Q2 00 Q3 00 Q4 00 Q1 01 Q2 01 Q3 01 Q4 01 Q1 02

Turn

over

(MT)

6200063000640006500066000670006800069000700007100072000730007400075000

Real

isat

ion

(Rs/

PMT)

Turnover Realisation

Fibre Fibre -- Turnover volume and Turnover volume and Realisation Realisation TrendTrend

24

25

60000

65000

70000

75000

Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1

Rs./M

T

600

700

800

900

CIF

US $

/MT

VSFPulp

VSF and Pulp prices Trend

FY 00 FY 01 FY 02

26

11.510.210.8

9.09.3

3.43.43.43.74.1

0

2

4

6

8

10

12

14

1996 1997 1998 1999 2000

% S

hare

Grasim share inWorld CellulosicIndustryVSF Share in worldtextile

Grasim Share in World VSF Market

27

Other Businesses!Sponge Iron!Textiles

28

Sponge Iron ! Overview

" Largest merchant producer in India#Market share exceeds 35%#Installed capacity of 900,000TPA (Gas Based)

" Enjoys strong competitive advantage,HYL Technology enables-#Flexibility to produce both HBI and DRI#Dual feedstock facility (Natural Gas & Naphtha)

! Outlook" Global scrap prices to remain stable at current levels" Domestic realisation may come under pressure due to return of

major players into merchant supply market" Natural gas supply to remain a constraint

#Any abnormal increase in Natural gas price could adversely impact profitability and margin

" Grasim will focus on#Asset sweating (No major new capex)#Leveraging strategic advantages of location and product

flexibility#Ongoing cost reduction measures

29

Textiles ! Overview

" 222 looms and 43,500 spindles" Two strong brands – Grasim and Graviera

! Outlook remains challenging " Fabric volumes and prices to remain under pressure

# Over capacity, commoditisation of suiting fabrics market and gradual shift towards ready-to-wear products

# Price competition from unorganised sector and cheaper imports

" Grasim to focus on# Improve market share and strengthen distribution network# Move up the value chain to ensure higher realisation and

overcome competition # Improve efficiencies including downsizing of weaving

section and rightsizing of work force $ No of hands reduced in Q1 FY02 - 111 Nos.$ No. of hands reduced in FY2001 - 423 Nos.

30

Restructuring Efforts

31

Debt Restructuring! Restructuring of high cost debt

" Swapped high cost debt of Rs.327 crores with lower coupon debt, in FY00

" Coupon reduced on Rs.27 crores debt in FY00" Coupon reset on debt worth Rs.331 crores in FY01" Prepayment of high cost debt of Rs.41 crores in FY01

! WAC of long term debts going down successively" 13.8% in FY99 to 8.4% by FY03

32

Business Restructuring! Dharani Cement Ltd., a wholly owned subsidiary, merged

effective 1st Nov 2000! Software Business Hived-off into a wholly owned subsidiary

effective 1st February 2001 ! Closure of Mavoor Fibre and Plup Plants -Effective 1st July 01

" One time extraordinary loss in annual accounts for FY02" Retrenchment compensation of Rs. 58 Crores " Estimated loss on realisation/ valuation of fixed assets retired

from active use - Rs. 19 Crs. " No. of employee strength to go down by 2300 - about 11% of total

employee strength of the Company" Annual savings of Rs.27 Crs. in recurring expenditure (employee

cost and fixed overheads) from July 01 onwards

33

Capex Plan – FY02

294

9246

82

* 15

* 59

Amount

!Expenditure :

Q3 FY03Q3 FY03

4223

5023

Power Plants (Cement units)- AC 23 MW- South 12.5 MW

-

105

40

--

--

FY03

To be Spent in

189Sub Total (A)

-

-

-

Q2 FY0342Cement Capacity Expansion - Debottlenecking/Blending

Q2 FY0215Ready Mix Concrete 3 Plants (745,200 M3 ) (Total Cost Rs.28 Crs.)

Q3 FY0259Cement Grinding Unit at Bhatinda (1 Mn MT) (Total Cost Rs.83 Crs.)

New Projects :A

FY02Completion

Schedule

* Net of amount spent till FY 01

Rs. Crores

34

Capex Plan – FY02 (Contd..)

58629254

17860

Amount

149425Total

149265Internal Accruals/New Debts

--160Debt (Already raised)

!Financing :

149425Total (A + B)4417207

FY03To be spent in

236Sub Total (B)30- Others

153- Cement- VSF 53

B Normal Modernisation :FY02

Rs. Crores

35

Financial HighlightsFY99 – FY01

36

Profitability FY99 –FY01

252237210Rs. Crs.Depreciation

239256292Rs. Crs.Interest

After current & deferred tax3.72.92.3RatioInterest Cover

41.225.419.6Rs.EPS68.751.344.7Rs.CEPS8.07.06.75Rs.DPS

348150105Rs. Crs.PAT **37.9

378

673

18.9912

4,8225,582FY01

16.312.5Rs.EPS

233164Rs. Crs.PAT (before deferred tax) **

500386Rs. Crs.PBDT

17.718.1%PBIDT Margin756678Rs. Crs.PBIDT

4,2733,757Rs. Crs.Net Turnover4,9824,325Rs. Crs.Gross TurnoverFY00FY99

* For the period* * After employee separation cost

37

Financial Snapshot (FY99 – FY01)

5.1

11.2

234

1.13

4,128

2,142

91.7

3,354

4,937

FY99(R)*

14.8

15.7

271

0.76

4,243

2,488

91.7

3,303

5,312

FY01(R)*

6.9

11.8

242

1.02

4,244

2,220

91.7

3,401

5,206

FY00(R)*

12.9

13.8

335

0.62

4,815

3,075

91.7

3,303

5,312

FY01

3,4013,354Rs.Crs.Net Block

8.66.6%RONW

10.510.1%ROCE (PBIT basis)

303285Rs.Book Value

0.820.93RatioDebt : Equity **

4,7594,572Rs.Crs.Avg.Capital Employed

2,7772,616Rs.Crs.Net Worth

91.791.7Rs.Crs.Equity

5,2064,937Rs.Crs.Gross Block

FY00FY99

* Restate for deferred tax liability** Both Long Term and Short Term debts considered in debts

38

Cement will be driver of growth going forward

To Sum Up…! Focus

" Deliver enhanced value to shareholders on a sustained basis" Value creation and not asset creation alone

! Strategy " Focus on core businesses – VSF and Cement" No unrelated diversification / Investments" Improve asset utilisation through market expansion and better

penetration" Improve margins through better efficiency and stringent cost

control

39

Fibre plants

Pulp plants

Chemical plant

Textiles units

Grey cement plants / Grinding Units (G)

White cement plant

Ready-mix Concrete plant

Bulk Cement Terminal

Sponge Iron plant

Not to scale

Plant Locations

T

F

P

S

B

C

%Gwalior

Bhiwani

Bharuch

Nagda

Harihar

Mavoor

Shambhupura

Jawad

Raipur

%

Malkhed

Jodhpur

Raigarh

Reddipalayam

Hyderabad

Gurgaon

Bangalore

Bhatinda(G)

Hotgi(G)

T

T

FF

F P

F

P

S

B

C

Noida

Chennai

Thank YouThank You

41

Annexure

Results – Q1/FY2002

42

(18.4)---Profit on transfer of Undertaking

* 37.987* 6.011.2EPS(Restate for Deferred Tax) (Rs.)

#-#10.0Provision for Deferred Tax

11.2102.2

23.02.4

137.662.6

200.247.5

247.714.5

1,184.2Q1FY02

41.2726.5EPS for the period (Rs.)377.97259.4Profit after Current & Deferred Tax

50.04754.0Provision for Current Tax11.3711.4Employee Separation Cost (ESC)

420.811264.8PBT(before ESC & E.O. items) 251.9162.3Depreciation672.758127.1Gross Profit238.8(22)61.3Interest and Finance Charges911.531188.4PBIDT89.71812.3Other Income

4,839.8(1)1,195.9Net Turnover & Operating IncomeFY01% Chg.Q1FY01

Rs. Crores

Financial Performance – Q1FY02

* Restate for deferred tax liability# Not provided, Q1FY01 Rs.4.7 Crs. and FY01 Rs.30.3 Crs.

43

Performance Highlights – Q1FY02! Excellent performance due to improved scenario of Cement,

AND despite poor off take of VSF and curtailed operations of Chemical division

! Turnover marginally down due to lower volume of VSF, curtailed operation of Chemical division and planned reduction of trading activity

! Operating profits higher at Rs.248 crores (up 31%), Operating margins higher at 21% (corresponding quarter 16%)

! Declining trend in interest charges continues; down by 22% ! Net profit before extraordinary items and deferred tax liability

increased by 88%, despite higher current tax

44

Performance Highlights – Q1FY02 (Contd..)

! Deferred Tax Liability" Provision of Rs. 10 Crs. in Q1FY02 made as per AS-22" Liability for corresponding Q1FY01 would have been Rs.4.7

Crs." Provision for liability for the past year upto FY01 estimated at

Rs. 587 Crs. which, as per AS requirements, will be met out of accumulated Revenue Reserve

" The deferred tax liability has arisen substantially on account of the timing difference between the Depreciation admissible under Income-tax Laws and Accounting Depreciation.

" Having regard to the normal capital expenditure plans of the Company in the future years, the timing difference is not expected to be reversed. No cash outflow therefore expected to materialise towards such liability in foreseeable future.

45

Divisional Turnover - Q1FY02

1,3491,176

5510177

55628

528

38744

34332

311

AmountQ1FY02

100596

472

45

334

293

26

Share%

100897

372

35

395

343

31

Share%

1,3781,190

9110681

44027

413

47261

41141

370

AmountQ1FY01

5,582Total Gross Turnover1004,822Total Net Turnover

8390Others8401Sponge Iron6306Textiles

391,8523133White

361,719GreyCEMENT

391,8735245Chemical

341,6283158Pulp

311,470VSF FIBRE

Share%

AmountFY01Net Turnover

Rs. Crores

46

387

556

81 85 7269 77

106 100 9798 101

92 93 102101

54

465457480473

530457426440

0

200

400

600

800

1000

1200

1400

Q1 FY01 Q2 FY01 Q3 FY01 Q4 FY01 Q1 FY02

OthersSponge IronTextileCementFibre / Chemical

Divisional Quarterly Turnover Trend

Net Turnover (Rs. Crs.)

1192 1184 11851263

1176

47

78

148

-5 -4 -4 -11 -2

17

25 20

23

21

6

2 7

111121140133

1418156

37

3

-3-30

0

30

60

90

120

150

180

210

240

270

300

Q1 FY01 Q2 FY01 Q3 FY01 Q4 FY01 Q1 FY02

OthersSponge IronTextileCementFibre/ Chemical

Divisional Quarterly PBIDT Trend

PBIDT (Rs. Crs.)

188

219 226

261248

48

Viscose Staple Fibre

22

72,590

311

39,011

32,757

220,775

Q1FY02

31

66,048

370

53,308

52,395

220,775

Q1FY01

10

(16)

(27)

(37)

%Chg.

29%PBIDT Margin *

69,733Rs./MTAvg. Realisation

1,470Rs.Crs.Net Turnover

203,854MTSales Volumes

218,847MTProduction

220,775TPACapacity

FY01

* Before employees separation cost

49

Viscose Staple Fibre (Contd..)

Highlights –! Capacity utilisation down at 59% due to closure of Nagda Plant

for part of the current quarter! Plant operations resumed June 01 end! Sales volumes down 27 %, at 39,011 MT due to adverse market

conditions (lower demand)! Realisation up 10% from Rs.66/Kg to Rs.72.5/Kg ! Operating margin down – from 31% to 22%

" Spread of fixed overheads on lower volume" Higher input cost (Pulp cost up 11%,Caustic Soda cost up 42%)

50

Cement

85,110

2752,76553,173

360,000

1,646413

2.472.469.10

Q1FY01

275,251

2853,50254,211

400,000

2,046528

2.552.57

* 10.36

Q1FY02

3412

242834

% Chg.

17%PBIDT Margin

** 400,000TPACapacity

5,268Rs./MTAvg Realisation133Rs. Crs.Net Turnover

251,291MTSales Volumes251,594MTProduction

White Cement

Grey Cement

1,894Rs./MTAvg Realisation1,719Rs. Crs.Net Turnover9.16Mn. MTSales Volumes9.10Mn. MTProduction

** 9.86Mn. MTCapacity

FY01

* Capacity increased by 0.5 Mn.MT in June 01** Capacity as on 31.03.01

51

Cement (Contd..)

Highlights –! Capacity utilisation at 99% ! Sales volume grew by 3%

" Sales volumes up in South 22% and East 9%; but down in West 6% and North 2%#Better penetration into new Southern market

! Average realisation up by 24% at Rs.2,046/MT reflecting better price environment prevailing across regions

! Operating margin improved substantially from 8% to 27%

52

Textiles

(6)

81

Q1FY01

(2)

77

Q1FY02

(5)

% Chg.

%

Rs.Crs.

(7)PBIDT Margin*

306Divisional Revenue

FY01

Highlights! Divisional performance remained subdued! Fabrics (64% of revenue) remained under pressure

" Sluggish market condition" Intense price competition and inflow of spurious materials" Increased cheap imports

! Operating margins remain negative due to higher promotional charges, sharp rise in input costs (fibre, yarn, power & fuel and labour) and lower volumes of synthetic & worsted yarn

* Before employees separation cost

53

Sponge Iron

16

5,631

106

180,489

174,312

900,000

Q1FY01

21

5,907

101

165,217

166,493

900,000

Q1FY02

5

(4)

(8)

(4)

% Chg.

21%PBIDT Margin

5,733Rs./MTAvg Realisation

401Rs. Crs.Net Turnover

673,852MTSales Volumes

663,998TPAProduction

900,000TPACapacity

FY01

54

Sponge Iron (Contd..)

Highlights –! Capacity utilisation marginally down from 77% to 74%

" Continued restricted Natural Gas supplies from GAIL" Use of Naptha discontinued since July 00 due to prohibitive

costs! Sales volumes lower by 8% ! Average realisation up by 5%

" Improved demand " Reduced competition in the domestic market

! Operating margin improved from 16% to 21%! Operating profit up 23% despite lower volume

55

Caustic Soda

Highlights –! Capacity utilisation scaled down to 55% due to water shortage ! Realisation improved in line with improved market conditions! Margin down at 18% mainly due to spread of fixed overheads on

lower volumesOperating profit down 54% from Rs.17 Crs. in Q1FY01 to Rs.8 Crs.in Q1FY02 due to the same reason

! Performance expected to be better in remaining quarters! Contribution from ancillary products down due to lower realisation

Q1FY02 Q1FY01 %Chg.Chlorine – Realisation (Rs./MT) 2,780 4,993 (44) Hcl – Realisation (Rs./MT) 697 4,119 (83)

2861

10,26534,60732,893

160,600Q1FY01

1844

15,13920,58821,950

160,600Q1FY02

(27)47

(41)(33)

% Chg.

32%PBIDT Margin245Rs. Crs.Net Turnover

11,085Rs./MTAvg Realisation133,450MTNet Turnover131,253MTProduction160,600MTCapacity

FY01

56

Production Data (MT)

77

59

108

82

125

95

%

174,312

53,173

2.46

32,893

18,143

52,395

Production

900,000

360,000

9.10

160,600

58,000

220,775

CapacityTPA

Q1FY01

74

54

99

55

126

59

%

1,66,493

54,211

2.57

21,950

18,267

32,757

Production

900,000

400,000

$ 10.36

160,600

58,000

220,775

CapacityTPA

Q1FY02

74663,998900,000Sponge Iron

70251,594# 4,00,000White Cement

1009.10# 9.86Grey Cement **

82131,2531,60,600Chemical

12069,72958,000Pulp

99218,847220,775VSF *

%ProductionCapacity

TPA

FY01

* Excluding installed capacity of Fibre (26,000TPA) and Pulp (72,000 TPA) at Mavoor, closed since May 99.* * Grey Cement numbers are in Mn. MT.# Capacity as on 31-03-01 $ Capacity increased by 0.5 Mn. MT in June01

57

Divisional Turnover – Qty & Realisation

180,489

52,765

2.47

34,607

18,405

53,308

Q1 FY01

165,217

53,502

2.55

20,588

13,419

39,011

Q1FY02

5,7335,6315,907673,852Sponge Iron

5,2685,1105,251251,291White Cement

1,8941,6462,0469.16Grey Cement**

11,08510,26515,139133,450Chemical

22,50022,45023,91470,148Pulp *

69,73366,04872,590203,854VSF *

FY01Q1 FY01

Q1FY02FY01

Realisation (Rs. /MT)Quantity (MT)

Product

* Excluding installed capacity of Fibre (26,000 TPA) and Pulp (72,000 TPA) at Mavoor, closed since May 99.

** Grey Cement numbers are in Mn. MT.