BALANCE SHEET

as at March 31, 2019

(` crore)
		Note	Page	As at March 31, 2019	As at March 31, 2018
Assets
I	Non-current assets
	(a) Property, plant and equipment	03	227	70,416.82	70,942.90
	(b) Capital work-in-progress			5,686.02	5,641.50
	(c) Intangible assets	05	231	805.20	786.18
	(d) Intangible assets under development			110.27	31.77
	(e) Investments in subsidiaries, associates and joint ventures	06	232	4,437.76	3,666.24
	(f) Financial assets
	(i) Investments	07	235	34,491.49	5,970.32
	(ii) Loans	08	240	231.16	213.50
	(iii) Derivative assets			9.05	12.13
	(iv) Other financial assets	09	242	310.65	21.21
	(g) Non-current tax assets (net)			1,428.38	1,043.84
	(h) Other assets	11	246	2,535.98	2,140.84
	Total non-current assets			1,20,462.78	90,470.43
II	Current assets
	(a) Inventories	12	248	11,255.34	11,023.41
	(b) Financial assets
	(i) Investments	07	235	477.47	14,640.37
	(ii) Trade receivables	13	248	1,363.04	1,875.63
	(iii) Cash and cash equivalents	14	250	544.85	4,588.89
	(iv) Other balances with bank	15	250	173.26	107.85
	(v) Loans	08	240	55.92	74.13
	(vi) Derivative assets			14.96	30.07
	(vii) Other financial assets	09	242	940.76	491.51
	(c) Other assets	11	246	2,209.98	1,812.05
	Total current assets			17,035.58	34,643.91
TOTAL ASSETS				1,37,498.36	1,25,114.34
EQUITY AND LIABILITIES
III	Equity
	(a) Equity Share Capital	16	251	1,146.12	1,146.12
	(b) Hybrid Perpetual Securities	17	254	2,275.00	2,275.00
	(c) Other equity	18	254	69,308.59	60,368.72
	Total equity			72,729.71	63,789.84
IV	Non-current liabilities
	(a) Financial liabilities
	(i) Borrowings	19	258	26,651.19	24,568.95
	(ii) Derivative liabilities			59.82	70.08
	(iii) Other financial liabilities	20	261	125.07	19.78
	(b) Provisions	21	261	1,918.18	1,961.21
	(c) Retirement benefit obligations	22	262	1,430.35	1,247.73
	(d) Deferred income	23	263	747.23	1,365.61
	(e) Deferred tax liabilities (net)	10	243	7,807.00	6,259.09
	(f ) Other liabilities	24	263	436.16	224.71
	Total non-current liabilities			39,175.00	35,717.16
V	Current liabilities
	(a) Financial liabilities
	(i) Borrowings	19	258	8.09	669.88
	(ii) Trade payables	25	264
	(a) Total outstanding dues of micro and small enterprises			149.49	25.48
	(b) Total outstanding dues of creditors other than micro and small enterprises			10,820.07	11,217.27
	(iii) Derivative liabilities			139.57	16.41
	(iv) Other financial liabilities	20	261	6,872.35	6,541.40
	(b) Provisions	21	261	778.23	735.28
	(c) Retirement benefit obligations	22	262	102.12	90.50
	(d) Current tax liabilities (net)			358.14	454.06
	(e) Other liabilities	24	263	6,365.59	5,857.06
	Total current liabilities			25,593.65	25,607.34
TOTAL EQUITY AND LIABILITIES				1,37,498.36	1,25,114.34
NOTES FORMING PART OF THE FINANCIAL STATEMENTS		1-46

In terms of our report attached

For and on behalf of the Board of Directors

For Price Waterhouse & Co Chartered Accountants LLP

Firm Registration Number: 304026E/ E-300009.

Chartered Accountants

sd/-

N. Chandrasekaran

Chairman

DIN: 00121863

sd/-

Mallika Srinivasan

Director

DIN: 00037022

sd/-

O. P. Bhatt

Director

DIN: 00548091

sd/-

Peter Blauwhoff

Director

DIN: 07728872

sd/-

Deepak Kapoor

Director

DIN: 00162957

sd/-

Aman Mehta

Director

DIN: 00009364

sd/-

Russell I Parera

Partner

Membership Number 042190

sd/-

V. K. Sharma

Director

DIN: 02449088

sd/-

Saurabh Agrawal

Director

DIN: 02144558

sd/-

T. V. Narendran

Managing Director
& Chief Executive Officer

DIN: 03083605

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Koushik Chatterjee

Executive Director
& Chief Financial Officer

DIN: 00004989

sd/-

Parvatheesam K.

Company Secretary
& Chief Legal Officer (Corporate & Compliance

ACS: 15921

Mumbai, April 25, 2019