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<in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock contextRef="OneD">1)tThe above Standalone/Consolidated financial results have been reviewed by the Audit Committee and  approved by the Board of Directors at the meeting held on 11.02.21. As required under Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure requirements) Regulations, 2015, the Statutory Auditors have conducted a limited review of the above financial results for the quarter and nine months ended 31st December, 2020.  n2)tThe standalone/Consolidated financial results have been prepared in accordance with the Indian Accounting Standards (Ind AS) as notified under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as Amended) and other recognised accounting practices and policies to the extent applicable.  n3)tThe Company/Group operates in a single reportable operating Segment ' Development of Rail Infrastructure'. Hence there are no separate  operating segments as per Ind AS 108 -Operating Segments.  n4)tSection 115BAA has been inserted in the Income -tax Act, 1961 which enables domestic companies to exercise a non-reversible option to pay corporate tax at reduced rates effective 1st April, 2019 subject to certain conditions. The Company is currently evaluating this option and has not exercised this option.  n5)tInvestment in Joint Ventures during this Quarter:   nta)    Investment in equity instrument of Haridaspur Paradip Railways Company Limited has been increased by Rs. 27.57 crores thereby increasing extent of holding from 28.57% to 30%.  ntb)   Share application money pending for allotment amounting to Rs. 18 Crores paid to Angul Sukinda Railways Company Limited was allotted to the Company during this quarter thereby increasing the investment in equity from Rs. 234 crore to Rs.252 crore.  n6)tThe outbreak of Corona virus (COVID-19) globally and in India has impacted businesses and economic activities in general. Though there is increase in operating revenue in the quarter ending Dec.20 in comparison to previous quarter but there has been decrease in comparison of nine months results over corresponding period of last year. The Company expects to fully recover the carrying amounts of the assets and comfortably discharge it obligations. The Company is positive on the long-term business outlook as well as its financial position. However, Company will continue to monitor developments to identify significant uncertainties relating to business operations in future periods. Other Income includes Rs.50 crore being the amount of reversal made during the quarter of the provision made in FY 2019-20 towards expenses on account of Covid-19 .   n7)tThe Company  declared dividend amounting to Rs. 237.69 Crores at the rate of Rs.1.14  per share for the year ending 31.03.2020 in Annual General Meeting conducted on 16.12.20  and paid  it during the quarter ending 31st December 2020.  n8)tThe Figure for the quarter ended 31st December 2020 &amp; preceding quarter ended 31st December 2019 are the balancing figures between the unaudited year to date figures for nine months ended the year and the unaudited published figures for the six months ended 30th September of the respective financial years.  n9)tWherever necessary figures for the previous periods/ year have been regrouped, reclassified/recasted to conform to the classification of the current period.</in-bse-fin:DisclosureOfNotesOnFinancialResultsExplanatoryTextBlock>
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