CONSOLIDATED 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	3	327	1,18,450.97	90,322.78
	(b) Capital work-in-progress			17,956.51	16,159.80
	(c) Goodwill on consolidation	5	332	3,996.62	4,099.45
	(d) Other Intangible assets	6	333	1,994.32	1,682.66
	(e) Intangible assets under development			684.70	454.61
	(f) Equity accounted investments	7	335	1,922.95	1,781.22
	(g) Financial assets
	(i) Investments	8	337	1,290.36	1,209.28
	(ii) Loans	9	338	613.34	717.34
	(iii) Derivative assets			108.74	29.16
	(iv) Other financial assets	10	340	570.06	87.91
	(h) Retirement benefit assets	11	341	19,964.19	20,570.87
	(i) Non-current tax assets			1,574.78	1,152.76
	(j) Deferred tax assets	12	342	808.95	1,035.80
	(k) Other assets	13	346	4,654.92	2,577.14
	Total non-current assets			1,74,591.41	1,41,880.78
II	Current assets
	(a) Inventories	14	348	31,656.10	28,331.04
	(b) Financial assets
	(i) Investments	8	337	2,524.86	14,908.97
	(ii) Trade receivables	15	348	11,811.00	12,415.52
	(iii) Cash and cash equivalents	16	350	2,975.53	7,783.50
	(iv) Other balances with bank	17	350	365.84	154.35
	(v) Loans	9	338	239.70	256.48
	(vi) Derivative assets			359.11	150.95
	(vii) Other financial assets	10	340	1,248.56	610.60
	(c) Retirement benefit assets	11	341	4.38	2.91
	(d) Current tax assets			133.94	62.28
	(e) Other assets	13	346	3,529.70	3,098.09
	Total current assets			54,848.72	67,774.69
III	Assets held for sale	18	351	4,142.26	102.47
Total assets				2,33,582.39	2,09,757.94
Equity and liabilities
IV	Equity
	(a) Equity share capital	19	353	1,144.94	1,144.95
	(b) Hybrid perpetual securities	20	356	2,275.00	2,275.00
	(c) Other equity	21	357	65,505.14	57,450.67
	Equity attributable to owners of the Company			68,925.08	60,870.62
	Non-controlling interests			2,364.46	936.52
	Total equity			71,289.54	61,807.14
V	Non-current liabilities
	(a) Financial liabilities
	(i) Borrowings	23	363	80,342.73	72,789.10
	(ii) Derivative liabilities			59.82	85.04
	(iii) Other financial liabilities	24	368	270.58	105.83
	(b) Provisions	25	369	4,046.21	4,338.24
	(c) Retirement benefit obligations	11	341	2,653.46	2,516.56
	(d) Deferred income	26	370	906.80	1,526.58
	(e) Deferred tax liabilities	12	342	12,459.89	10,569.88
	(f) Other liabilities	27	371	519.23	358.16
	Total non-current liabilities			1,01,258.72	92,289.39
VI	Current liabilities
	(a) Financial liabilities
	(i) Borrowings	23	363	10,802.08	15,884.98
	(ii) Trade payables	28	372
	(a) Total outstanding dues of micro and small enterprises			169.74	32.21
	(b) Total outstanding dues of creditors other than micro and small enterprises			21,547.22	20,381.60
	(iii) Derivative liabilities			416.59	468.79
	(iv) Other financial liabilities	24	368	16,737.83	9,791.78
	(b) Provisions	25	369	1,248.72	1,269.64
	c) Retirement benefit obligations	11	341	120.69	110.36
	(d) Deferred income	26	370	16.51	6.21
	(e) Current tax liabilities			636.42	783.47
	(f) Other liabilities	27	371	7,912.21	6,932.26
	Total current liabilities			59,608.01	55,661.30
VII	Liabilities held for sale	18	351	1,426.12	0.11
Total equity and liabilities				2,33,582.39	2,09,757.94
Notes forming part of the consolidated financial statements		1-53

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

sd/-

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