File_2012_Document1

156 Jindal Steel & Power Limited Business Leadership Sustainable Operations Excellent Governance Robust FinancialsStandaloneAnnual Report 2011-12157NOTES 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, 201239 Interest in Joint VenturesThe Company’s interest as a venturer, in jointly controlled entities (Incorporated Joint Ventures) is as under:Country ofIncorporationPercentage ofownership interest asat 31st March, 2012Percentage ofownership interest asat 31st March, 2011Jindal Synfuels Limited India 70.00 70.00Shresht Mining and Metals Private Limited India 50.00 50.00Urtan North Mining Company Limited India 66.67 66.67The Company’s interests in the above Joint Ventures is reported as Non-Current Investments (Note-13) and stated at cost. However,the Company’s share of assets, liabilities, income and expenses, etc. (each without elimination of the effect of transactionsbetween the Company and the joint ventures) related to its interest in the Joint Ventures are:(` in Crore)As at31st March, 2012As at31st March, 2011I. Liabilities1 Non-current LiabilitiesOther Long-term liabilities - -2. Current liabilitiesOther current liabilities 1.71 0.94II. Assets3. Non-Current Assetsa) Fixed AssetsFixed Assets 0.02 -Capital work in progress - -Intangible assets under development 16.91 9.60b) Long term loans & advances 1.35 1.264. Current AssetsCash & cash equivalents 0.22 0.30Other current assets 0.26 -40. ADDITIONAL INFORMATION:(Pursuant to Paragraphs 5 of Part II of Schedule VI to the Companies Act, 1956)a) Installed capacitySl. Particulars Unit Current Year Previous YearNo.AT RAIGARH1 Sponge Iron M.T. 13,70,000 13,70,0002 Mild Steel M.T. 30,00,000 30,00,0003 Ferro Alloys M.T. 36,000 36,0004 Power MW 893 6235 Hot Metal/Pig Iron M.T. 16,70,000 16,70,0006 Rail & Universal Beam Mill M.T. 7,50,000 7,50,0007 Plate Mill M.T. 10,00,000 10,00,0008 Fabricated Structures M.T. 120,000 60,0009 Cement Plant M.T. 5,00,000 5,00,00010 Medium & Light Section Mill M.T. 6,00,000 6,00,000AT RAIPUR11 Machinery and Castings M.T. 11,500 11,50012 Ingots M.T. 30,000 30,00013 CF Castings M.T. 3,000 3,000AT BARBIL14 Pelletisation Plant M.T. 45,00,000 45,00,000AT SATARA (MAHARASHTRA)15 Wind Energy MW 24 24AT PATRATU16 Wire Rod M.T. 6,00,000 6,00,00017 Bar Mill M.T. 10,00,000 10,00,000AT ANGUL18 Power MW 270 13519 Fabricated Structures M.T 40,000 -Note: Installed capacity is as certified by the management and relied upon by the auditors being a technical matter.b) Raw Material Consumption(` in Crore)Sl. Particulars Unit Current Year Previous YearNo.Quantity (MT) Amount Quantity (MT) Amount1 Iron Ore M.T. 6,554,480 1,397.09 5,868,716 767.982 Coking Coal M.T. 1,070,587 1,361.04 1,188,208 1,157.983 Hot Briquetted Iron M.T. 293,886 701.134 Others M.T. - 1,070.58 - 804.394,529.84 2,730.35