India Inc`s cash balance up five-fold

Rs cr

Cash and bank balances

2003-04

2004-05

Change

Reliance Energy

860.16

6045.37

5185.21

Reliance Ind

224.24

3608.79

3384.55

Tata Motors

770.49

2005.04

1234.55

GE Shipping Co

219.96

1036.45

816.49

Dr Reddy's Labs.

408.08

891.72

483.64

Ashok Leyland

324.98

796.68

471.7

Tata Chemicals

72.69

751.67

678.98

Wockhardt

147.43

669.09

521.66

I P C L

50.61

664.82

614.21

M & M

233.32

623.98

390.66

 Reliance Energy, Tata Motors, Hindalco Industries, Tata Chemicals, Wockhardt, Ashok Leyland and Mahindra & Mahindra, and many others, which mobilised funds through external commercial borrowings (ECBs) or foreign currency convertible bonds (FCCBs), have kept Rs 10,800 crore with banks.  The chief financial officer of a large manufacturing company told Business Standard,