IRIL Cover Sheet Results FY02 .XLS - Aditya Birla Nuvo, Ltd

Carbon Black– Outlookq Promising long term outlook, though immediate term outlook is uncertain‣ Auto sector is showing early signs of recovery, but largest user segments yet toshow definite signs of improvement‣ Profitability will be under pressurev Continued pressure on realisation due to weak demand and cheaper importsv Lower import duty on finished goods to exert further pressurev Fresh volatility in global CBFS prices likely on the back of rising trend in crude oilpricesq Company’s strategy to ensure stable growth going forward‣ Increase exports by leveraging logistic strengths and focussed marketing efforts‣ Strengthen presence in the non-tyre application segments‣ Consolidate position further in the Tyre sector through focus on quality andcustomer service‣ Commercialise new grades developed in house27