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Integrated report Statutory reportS Financial StatementS
Standalone

44. Commitments ` in crore
As at As at
March 31, 2020 March 31, 2019
Estimated amount of contracts remaining to be executed on capital account and not provided for 289.57 269.94
Commitment towards partly paid investment 9.19 9.19
45. Contingent liabilities and assets
45.1 Contingent liabilities
(a) Claims not acknowledged by the Company relating to the cases contested by the Company and which, in the opinion of the
Management, are not likely to devolve on the Company relating to the following areas:
` in crore
As at As at
March 31, 2020 March 31, 2019
(i) Excise, Customs and Service Tax 86.41 41.31
(ii) Sales Tax 43.89 37.34
(iii) Demand for utility charges - 16.26
(iv) Labour and other claims against the Company not acknowledged as debt 24.60 25.40
(v) Income Tax 551.39 434.04
(pending before Appellate authorities in respect of which the Company is in appeal)
(vi) Income Tax 15.54 16.05
(decided in Company's favor by Appellate authorities and Department is in further appeal)
(vii) Contractual obligation upto 34.75 100.11
Item (i) to (vii)) above includes ` 34.75 crore (2019: ` 100.11 crore) relating to discontinued operations.
(b) Guarantees provided by the Company to third parties on behalf of subsidiaries aggregates uSD 111.60 million & GBP 2.76 million
(` 870.19 crore) (2019: uSD 54 million & GBP 2.76 million (` 398.39 crore)).

45.2 Contingent assets ` in crore
As at As at
March 31, 2020 March 31, 2019

(i) Income Tax 78.40 78.40
(pending before Appellate authorities in respect of which the Company is in appeal)

46. Approval of Standalone Financial Statements
The Standalone Financial Statements were approved for issue by the board of directors on May 15, 2020.

Signatures to notes forming part of the Standalone Financial Statements 1 - 46

As per our report of even date attached For and on behalf of the Board
For B S R & Co. LLP
Chartered Accountants Padmini Khare Kaicker Director
Firm's Registration No: 101248W/W - 100022
R. Mukundan Managing Director and CEO
Vijay Mathur John Mulhall Chief Financial Officer
Partner
Membership No. 046476 Rajiv Chandan General Counsel &
Mumbai, May 15, 2020 Company Secretary

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