DLF POWER LIMITED              
                 
 SCHEDULE 3              
 LOAN FUNDS              
        As at    As at    
       March 31,2004   March 31, 2003    
       Rs.in lacs    Rs.in lacs    
                
 Secured              
 Banks              
        Foreign currency loan  (1)                                   -                         7,111.40    
        Cash credits  (2)                            79.96                             79.91    
 Financial institutions              
        Term loan  (3)                                   -                       13,125.98    
         Interest accrued and due thereon                                      -                         1,022.91    
 Others  (4)                                   -                         5,400.00    
                
            --------------------              ---------------------------    
                               79.96                     26,740.20    
 Unsecured           --------------------              ---------------------------    
 Financial institutions -5   #REF!                                   -      
 Less:Advances made to DLF Industries Limited               
         a company under the same management           --    
               
        Interest accrued and due thereon     #REF!                                   -      
                 
       #REF!                                    -      
 Banks              
        Foreign currency loan  (1)                       6,461.68        
 Others               
        HDFC BANK LTD     #REF!                                   -      
        DLF Universal  Limited                       22,667.35                       2,365.00    
        Interest accrued and due thereon                                      -                                     -      
            --------------------              ---------------------------    
                       29,129.03                       2,365.00    
            --------------------              ---------------------------    
                       29,208.99                     29,105.20    
            --------------------              ---------------------------    
               
               
 Notes:              
 1. Foreign currency loan from Midland Bank PLC. was secured by a guarantee given by IFCI Limited and the guarantee given by that 
     institution. was secured by way of a first charge created on all immovable properties and by way of hypothecation of movable assets,
     (save and except book debts), pertaining to the power plants situated in the states of  Assam and Jharkhand, both present and future,
     ranking pari passu with the charges created/ to be created in favour of other first charge holders but  subject to prior charges  
     created/to be created in favour of the Company's bankers on inventories and other movables as may be agreed to, for securing the
     borrowing of working capital requirements and an irrevocable and unconditional corporate guarantee given by DLF Universal   
     Limited, the holding company. During the year the loan has been taken over by HSBC ,plc,UKWith a guarantee from HSBC New Delhi,
     guarantee bing counter guaranted by the holding company DLF Universal Ltd.         
     [Due within a year Rs.Nil (previous year Rs.7111.40)]            
 2. Secured by pledge of fixed deposit receipt .            
 3. a)Rs.Nil (previous year Rs.3000.00 lacs) term loan availed from the ICICI Bank  Ltd is secured by way of a first charge created  
     on all immovable properties and a first charge by way of hypothecation of movable assets,(save and except book debts),  
     pertaining to the power plants situated in the states of Assam and Jharkhand, both present and future, ranking pari passu with the
     charges created/ to be created  in favour of other first charge holders but subject to prior charges created / to be created in favour of the
     Company's bankers on inve ntories and other movables as may be agreed to, for securing the borrowing of working capital  
     requirements and an irrevocable and unconditional corporate guarantee given by DLF Universal Limited, the holding company [ Due
     within a year Rs.Nil (previous year Rs. Nil)]              
     b) Rs.Nil (previous year Rs. 3125.00 lacs) term loan availed from the ICICI Bank Ltd is secured by a first  charge by way of  
     hypothecation of all current assets, both present and future, including book debts/receivables, pertaining to the power plants  
     situated in the States of Assam and Jharkhand and an irrevocable and unconditional corporate guarantee given by DLF Universal
     Limited, the holding company.  [ Due within a year Rs.Nil (previous year Rs.750.00lacs)]      
     c) Rs.Nil (previous year Rs. 7000.00 lacs  ) term loan availed from the ICICI Limited is secured by a first  charge by way of  
     hypothecation of all current assets, including book debts/receivables and a second charge on the fixed assets, pertaining to the  
     power plants situated in the states of Assam and Jharkhand, both present and future and an irrevocable and unconditional corporate
     guarantee given by DLF Universal Limited, the holding company.  [ Due within a year Rs. Nil (previous year Rs. Nil)]     
    d) Rs. Nil (previous year Rs. 00.98 lacs) term loan availed from ICICI Limited is to be secured by a first charge by way of  
     hypothecation of specific vehicles . [ Due within a year Rs.00.98 lacs (previous year Rs.13.66 lacs)]      
 4. Rs.Nil (previous year Rs. 5400.00 lacs  ) term loan availed from the GE Capital Services India is secured by way of first  
    charge created on all immovable properties and by way of hypothecation of movable assets, (save and except book  
    debts), pertaining to the power plants situated in the states of Assam and Jharkhand,both present and future, ranking pari passu  
    with the charges created/to be created in favour of other first charge holders but subject to prior charges created/to be created in  
    favour of the Company's bankers on inventories and other movables as may be agreed to, for securing the borrowing of working  
    capital requirements and an irrevocable and unconditional corporate guarantee given by DLF Universal Limited, the holding  
    company. [ Due within a year Rs.Nil (previous year Rs.1275.00 lacs )]