Information Given to Stock Exchanges

Committee Meeting for Allotment of GDRs

The meeting of Board of Directors of the Company, held on July 02, 2007, approved the allotment of 125,000 GDRs of USD 20 each amounting to 2.5 Millions USD representing 41,250,000 Equity shares of Re 1 each issued at the price of Rs. 2.50 per shaRe.