Corporate Overview Statutory Reports Financial Statements 211 Note 2 Property, plant and equipment and capital work-in-progress (` cr) Particulars Land - freehold Rightof-use leasehold land1 Buildings2 Plant and equipment Vehicles Office equipment and furniture Roads Bearer plants Total Capital work-inprogress3 Gross carrying amount As at March 31, 2022 84.07 41.79 334.88 1,779.46 11.10 16.58 15.99 6.41 2,290.28 420.47 Additions 1.55 - 82.02 273.09 3.95 2.20 0.96 - 363.77 973.20 Disposal, transfer and adjustments - (0.05) (15.62) (49.48) (1.48) 0.70 (0.07) - (66.00) (360.82) As at March 31, 2023 85.62 41.74 401.28 2,003.07 13.57 19.48 16.88 6.41 2,588.05 1,032.85 Additions 9.39 1.42 53.45 1,178.43 4.29 10.09 8.23 - 1,265.30 615.34 Disposal, transfer and adjustments - - (1.33) (22.67) (1.86) (0.17) - (0.02) (26.05) (1,367.44) As at March 31, 2024 95.01 43.16 453.40 3,158.83 16.00 29.40 25.11 6.39 3,827.30 280.75 Depreciation | Amortisation Up to March 31, 2022 - 1.73 60.80 630.65 2.80 4.63 12.84 0.88 714.33 - For the year - 0.41 12.31 174.30 2.47 2.68 0.90 0.16 193.23 - Disposal, transfer and adjustments - - (3.81) (28.29) (0.85) (0.25) (0.08) - (33.28) - Up to March 31, 2023 - 2.14 69.30 776.66 4.42 7.06 13.66 1.04 874.28 - For the year - 0.42 14.93 215.60 2.83 2.81 1.48 0.16 238.23 - Disposal, transfer and adjustments - 1.44 (3.23) (18.94) (1.54) (0.13) 0.10 - (22.30) - Up to March 31, 2024 - 4.00 81.00 973.32 5.71 9.74 15.24 1.20 1,090.21 - Net carrying amount As at March 31, 2023 85.62 39.60 331.98 1,226.41 9.15 12.42 3.22 5.37 1,713.77 1,032.85 As at March 31, 2024 95.01 39.16 372.40 2,185.51 10.29 19.66 9.87 5.19 2,737.09 280.75 Notes: 1 The Group has taken on lease a parcel of land from Gujarat Industrial Development Corporation for a period of 99 years with an option to extend the lease by another 99 years on expiry of lease at a rental that is 100% higher than the prevailing rent. The Group has considered that such a lease of land transfers substantially all of the risks and rewards incidental to ownership of land. 2Includes premises on ownership basis ` 1.10 cr (March 31, 2023: ` 1.10 cr) and cost of fully paid share in co-operative society ` 2,000 (March 31, 2023: ` 2,000). 3Capital work-in-progress mainly comprises addition | expansion projects in progress. Refer Note 16 (e) for information on property, plant and equipment hypothecated | mortgaged as security by the Group. Refer Note 30.2 for disclosure of contractual commitment for acquisition of property, plant and equipment. Refer Note 30.12 for disclosure of right-of-use assets under lease. According to assessment of the Management, there are no events or changes in circumstances that suggest impairment of property, plant, and equipment as per Ind AS 36 ‘Impairment of Assets’. Consequently, no provision for impairment has been recorded.
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