File_2012_Document1

150 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsStandaloneAnnual Report 2011-12151NOTES to the financial statements as at and for the year ended 31st March, 2012 NOTES to the financial statements as at and for the year ended 31st March, 2012IV. Subsidiaries of Jindal Steel & Power (Mauritius) Limited1. Affiliate Overseas Limited (Cease to exist as subsidiary w.e.f. 28.10.2011)2. Enduring Overseas Limited3. Harmony Overseas Limited4. Jindal Africa Investments (Pty) Limited5. Jindal Brasil Mineracao SA6. Jindal DRC SPRL(Cease to exist as subsidiary w.e.f. 26.03.2012)7. Jindal Investimentos LDA8. Jindal Investment Holdings Limited9. Jindal Madagascar SARL10. Jindal Mining & Exploration Limited11. Jindal Mining Industry LLC12. Jindal Power LLC13. Jindal Steel & Power (Australia) Pty Limited14. Jindal Steel & Power Zimbabwe Limited15. JSPL Mozambique Minerais LDA16. Jubilant Overseas Limited17. Jindal Zambia Limited18. Jin Africa Limited19. Jindal Tanzania Limited20. Osho Madagascar SARL21. PT Jindal Overseas22. Rolling Hills Resources LLC23. Shadeed Iron & Steel Co. LLC24. Skyhigh Overseas Limited25. Trans Atlantic Trading Limited26. Vision Overseas Limited27. Worth Overseas LimitedV. Others1. Belde Empreendimentos Mineiros Limited, a subsidiary of JSPL Mozambique Minerais LDA2. Eastern Solid Fuels (Pty) Limited, a subsidiary of Jindal Mining & Exploration Limited3. Gas to Liquids International S.A., a subsidiary of Worth Overseas Limited4. Jindal Mining (Pty) Limited, a subsidiary of Eastern Solid Fuels (Pty) Limited5. Kasai Sud Diamant, a subsidiary of Jindal DRC SPRL(Cease to exist as subsidiary w.e.f. 26.03.2012)b) Associates1. Angul Sukinda Railway Limited2. Nalwa Steel & Power Limited3. FB Infra Private Limited (w.e.f. 17.01.2012)4. Jindal Infosolutions Limitedc) Joint Ventures1. Jindal Synfuels Limited2. Shresht Mining and Metals Private Limited3. Urtan North Mining Private Limitedd) Key Management Personnel1. Shri Naveen Jindal (Chairman & Managing Director)2. Shri Vikrant Gujral (Group Vice Chairman & Head Global Ventures)3. Shri Anand Goel (Jt. Managing Director, Corporate Affairs)4. Shri Naushad Akhter Ansari (Wholetime Director)e) Enterprises over which Key Management Personnel and their relatives exercise significant influence and with whomtransactions have taken place during the year1. Advance Sporting Arms Private Limited2. Bir Plantation Private Limited3. Gagan Infraenergy Limited4. India Flysafe Aviation Limited5. Jindal Coal Private Limited6. Jindal Realty Private Limited7. Jindal Rex Exploration Private Limited8. Jindal Saw Limited9. Jindal Stainless Limited10. Jindal System Private Limited11. Minerals Management Services (India) Private Limited12. Nalwa Sons Investment Limited13. Opelina Finance and Investment Limited14. Trishakti Real Estate Infrastructure and Developers (P) Limited15. Uttam Vidyut Transmission Private Limited16. Yno Finvest Private Limitedf) Relative of Key Management PersonnelShri Paras Goel