GAMMON INDIA LIMITED

Iride Energia-Torino: This project involves the supply of a 150 MW steam turbo-generator for Iride
Energia S.p.A. in Torino, Italy. This project commenced in June 2009 and is scheduled to be completed in
May 2011. The contract value of the project is €26.00 million.
Sener-Argentina: This project involves the supply of a 170 MW steam turbo-generator for Sener in
Argentina. This project commenced in April 2008 and is scheduled to be completed in May 2010. The
contract value of the project is €23.00 million.
SAE Powerlines
SAE Powerlines have been engaged for several decades in the design, fabrication and erection of transmission
towers and lines worldwide. It is currently a global manufacturer of switching AC/DC and DC/DC power supplies in
the power ranges from 100 to 2,200 Watts, full range of magnetic components, EMI/RFI power line filters and a
providers of electronic sub-assemblies. With operations in Africa, South East Europe, Middle East, Southeast Asia
and Latin America, its customers can be split into two segments: (a) utilities companies, mainly consisting of state
owned companies, organized by subsystem departments with their own standard technical and commercial
specifications; and (b) independent power producers and developers, mainly consisting of private companies,
generally set up as special purpose companies for the project working in transnational markets. In 2008, ATSL
acquired a 100.00% stake for €1.38 million in SAE Powerlines. We currently hold SAE Powerlines through our
subsidiary ATSL Holdings B.V., Netherlands.
For the six months ended June 30, 2009, the turnover, EBITDA and profit after tax of SAE Powerlines, as certified
by its board of directors, was €33.87 million, €1.33 million and €0.08 million, respectively.
Some selected ongoing major projects currently undertaken by SAE Powerlines are set forth below:
Oil and Gas
Commission Federal de Electricidad in Mexico: This project involved the design, fabrication and erection
of a 140 kilometer transmission line on a turnkey basis for Commission Federal de Electricidad in Mexico.
The contract value of the project was €55.00 million. This project was completed in 2004.
Nigerian Agipoil Company in Nigeria: This project involved the design, fabrication and erection of a 55
kilometer transmission line on a turnkey basis including Niger River crossing for Nigerian Agipoil
Company in Nigeria. The contract value of the project was €29.00 million. This project was completed in
2005.
Sonelgaz in Algeria: This project involved the design, fabrication and erection of a 52 kilometer
transmission line on a turnkey basis in desert area for Sonelgaz in Algeria. The contract value of the project
was €10.00 million. This project was completed in 2007.
In addition, SAE also entered into a contract for design, fabrication and erection of a 400/220/60kV
transmission line for Sonelgaz in Algeria. The contract value of this project is €22.90 million. This project
commenced in July 2008 and is scheduled to be completed in April 2010.
Volta River Authority in Ghana: This project involved the design, fabrication and erection of a 140
kilometer transmission line and substation on a turnkey basis for Volta River Authority in Ghana. The
contract value of the project was €10.00 million. This project was completed in 2007.
Operatori Sistemi e Transmetimi in Albania: This project involved the design, fabrication and erection of a
400 kV transmission line between Tirana and Elbasan for Operatori Sistemi e Transmetimi in Albania. The
contract value of the project is €10.50 million. This project was commenced in April 2008 and is scheduled
to be completed in March 2010.
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