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GAMMON INDIA LIMITED

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Our ability to bid for and win major engineering, construction and infrastructure development projects is also<br />

dependent on our ability to show experience in executing large projects, demonstrate that we have strong<br />

engineering capabilities in executing technically complex projects, and that we have sufficient financial resources<br />

and/or ability to access funds. Some of our competitors are larger than us and have greater financial resources. They<br />

may also benefit from greater economies of scale and operating efficiencies.<br />

Offices<br />

The registered office of our Company is located at Gammon House, Veer Savarkar Marg, Prabhadevi, Mumbai 400<br />

025, India. In addition, we also have offices in Delhi, Kolkata and Bangalore.<br />

Insurance<br />

We maintain insurance policies for all of our projects, which we believe are sufficient to cover all material risks to<br />

our operations and revenue.<br />

Our operations are subject to hazards inherent in providing EPC and construction services, such as risk of equipment<br />

failure, work accidents, fire, earthquake, flood and other force majeure events. This includes hazards that may cause<br />

injury and loss of life, damage and destruction of property, equipment and environmental damage. For further<br />

details, see “Risk Factors -Our project sites may face inclement weather and natural disasters that may cause<br />

significant interruption of operations.”<br />

Our insurance policies include group personal accident insurance, public liability insurance, contractors all risk,<br />

standard fire and special perils insurance, electronic equipment insurance, special contingency liability insurance<br />

burglary insurance and cash insurance.<br />

Intellectual Property<br />

We have registered our marks “Gammon name” and “Gammon logo” under the Trade Marks Act, 1999. We seek to<br />

protect our intellectual property rights to the fullest extent practicable. We believe that we are not dependent on any<br />

of our intellectual property rights individually, although collectively, they are of material significance to our<br />

business.<br />

Our Company has entered into a Trademark License Agreement (“TLA”) with GIPL on March 20, 2006. Under the<br />

TLA, we have granted to GIPL an irrevocable right to use the licensed trademarks and to utilize and exercise all the<br />

rights in and over these trademarks and as are connected to the licensed trademarks. The trademarks that GIPL has<br />

been licensed to use are the unregistered trademarks “Gammon” and the “Gammon logo”. A non-exclusive license<br />

to use these trademarks has been granted. Under the TLA, GIPL is not permitted to assign, sub-license, transfer,<br />

convey or pledge in whole or part, without the prior written consent of GIL. Further, the TLA can be assigned by us<br />

at any time. The TLA provides for, as consideration for the license, annual payment of Rs.100.00 to us. The TLA<br />

was valid for a period of one year. GIPL has extended the TLA for a further period of five years, i.e., until March<br />

19, 2012, on the same terms and conditions.<br />

In addition, FTM owns certain trademarks in relation to its business. It is also involved in a litigation relating to use<br />

of its name ‘Franco Tosi’. For details, see “Legal Proceedings - Proceedings initiated outside India.”<br />

Human Resources<br />

As of September 30, 2009, our Company had 3,976 full-time employees. In addition, our Company also had 9,250<br />

contracted employees for our various projects. We also outsourced technical experts for maintenance of the projects.<br />

We believe that we have good relations with our employees. We have not encountered any material unrest or work<br />

stoppage due to employee problems in the last 10 years.<br />

87

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