Annual Report 2006-2007 - Gammon India

GAMMON INDIA LIMITED
13. HEALTH, SAFETY & ENVIRONMENT:
Your Company is committed to provide a safe and healthy working environment as per Company’s safety
policy. Safety training is being imparted across the Company. During the year under review, a “Safety Action
Plan” was designed for the sites featuring Three Question Meeting, Job Safety Analysis and Safety Promotional
Activities. The said plan is under implementation. Safety track record of all sites remains under active focus of
the management for continuous improvement.
14. RESEARCH & DEVELOPMENT:
With high priority for infrastructure development, there is a tremendous boom in the construction sector. There
is a quantum jump in the volumes and at the same time construction periods are drastically reduced to achieve
the expected pace of development. To meet these challenges a lot of emphasis is required on R & D to evolve
innovative construction techniques. Some of the noteworthy development work done by your company during
the year under review are:
Pressure shaft constructed at 30% incline to the horizontal, achieved for the first time in the world.
Development of pre-casting & segment launching system for construction of the first extra-dosed bridge in
India for Delhi Metro Project.
Development of High Volume Fly Ash Self Compacting Concrete (HVFASCC) for Nuclear Power Projects.
Concreting of annular space behind steel liner using high pressure concrete pumps for 1530 m long
pressure shafts, with a level difference of more than 750 m, being done for the first time in the world.
Various such techniques have been developed & sustained efforts are made to improve upon existing
techniques and development of new ones.
15. AUDITORS:
M/s. Natvarlal Vepari & Co., Chartered Accountants, Statutory Auditors of the Company retire at the ensuing
Annual General Meeting and are eligible for re-appointment. A certificate to the effect that their appointment,
if made, will be within the prescribed limits u/s 224(1B) of the Companies Act, 1956 has been received from
them.
The Board has appointed M/s. Natvarlal Vepari & Co., Chartered Accountants, Statutory Auditors of the
Company also as the Branch Auditors for its Muscat, Oman Branch subject to members’ approval.
16. AUDITORS’ REPORT:
In the opinion of the Directors, the notes to accounts are self-explanatory and adequately explain the matters,
which are dealt with in the Auditors’ Report.
17. PARTICULARS OF EMPLOYEES:
The statement pursuant to the provisions of Section 217(2A) of the Companies Act, 1956, read with the
Companies (Particulars of Employees) Rules, 1975 is annexed to this report as “Annexure A”.
18. PARTICULARS UNDER COMPANIES (DISCLOSURE OF PARTICULARS IN THE REPORT OF THE BOARD
OF DIRECTORS) RULES, 1988:
A. Conservation of Energy:
The Conservation of energy in all the possible areas is undertaken as an important means of achieving cost
reduction. Savings in electricity, fuel and power consumption receive due attention of the management on
a continuous basis.
B. Technology Absorption:
Timely completion of the projects as well as meeting the budgetary requirements are the two critical areas
where different techniques help to a great extent. Many innovative techniques have been developed and
put to effective use in the past and the efforts to develop new techniques continue unabated.
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