Ind-AS 116 accounting for leases comes into effect from FY20 (replacing the erstwhile Ind 17). The new standard requires long-term liability toward operating lease payment (currently off balance sheet) to be recognised in the balance sheet with a corresponding intangible asset in the form of right-to-use the asset.
Achieving new highs & becoming the largest profit making and tax & dividend paying enterprises in India: The company achieved an all-time high off-take of 580.28 Million Tons with a 6.8% growth compared to the last year.
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