Annual Report 2006-2007 - Gammon India

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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. 20
C. Foreign Exchange earnings and outgo: Total foreign exchange used and earned during the year. 21 Annual Report 2006-2007 (Rupees in crores) Current Period Previous Period Foreign Exchange used 120.30 70.94 Foreign Exchange earned 40.92 39.99 19. ACKNOWLEDGMENTS: Your Directors thank all its valued customers and various Government, Semi-Government and Local Authorities, suppliers and other business associates. Your Directors appreciate continued support from Banks and Financial Institutions and look forward to their co-operation in the future. Your Directors place on record their appreciation of the dedicated efforts put in by the employees at all levels and wish to thank the Shareholders and deposit holders for their unstinted support and co-operation. Place : Mumbai Dated : 31 st July, 2007 For and on behalf of the Board of Directors ABHIJIT RAJAN Chairman & Managing Director
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GAMMON INDIA LIMITED 40. Details of
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GAMMON INDIA LIMITED 11. GIL Archir
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GAMMON INDIA LIMITED (C) Disclosure
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STATEMENT PURSUANT TO SECTION 212 O
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GAMMON INDIA LIMITED AuDITOr’s rE
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GAMMON INDIA LIMITED SOURCES OF FUN
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SCHEDULE 1 SHARE CAPITAL : AUTHORIS
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SCHEDULE 6 FIXED ASSETS : PARTICULA
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GAMMON INDIA LIMITED 31st March, 20
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GAMMON INDIA LIMITED 31st March, 20
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GAMMON INDIA LIMITED (iii) Advisory
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GAMMON INDIA LIMITED B. NOTES TO AC
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GAMMON INDIA LIMITED (c) The follow
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GAMMON INDIA LIMITED MNEL: The Secu
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GAMMON INDIA LIMITED AEL: On the ba
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GAMMON INDIA LIMITED (ii) An amount
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GAMMON INDIA LIMITED (b) A dispute
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GAMMON INDIA LIMITED 22. GIL EIL Co
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GAMMON INDIA LIMITED C. CASH FLOW F
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GAMMoN INDIA LIMIteD Notes 112
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GAMMON INDIA LIMITED Head Office :
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Annual Report 2006-2007 - Gammon India

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