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GAMMON INDIA LIMITED

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(d) Disputed tax liability, in appeal in the case of AEL, is Rs 32.29 million. Of this, an amount of Rs<br />

22.79 million has been deposited by AEL in the year 2007-08.<br />

(e) Export Commitments in Joint Venture VSPL:<br />

(Rs.in Millions)<br />

As at March, As at<br />

As at<br />

Particulars<br />

2009 March, 2008 March, 2007<br />

Under EPCG Scheme 88.08 - 72.03<br />

30. Balances in Foreign Bank Accounts are as per ledger and are subject to reconciliation.<br />

31. Cash & Bank balances include 21.30 Millions (2007-08 Rs.31.80 Millions: 2006-07 Rs.31.50<br />

Millions) with bank branches in foreign countries relating to certain foreign projects which are not<br />

readily available for use by the Company and are subject to exchange control regulation of the<br />

respective countries. The Fixed Deposit related interest and principal account as at the year-end are<br />

as per ledger and are subject to reconciliation, which is under progress.<br />

32. Details of Joint Ventures entered into by the Company in last 3 Years :-<br />

Sr.<br />

Description of 2008-09<br />

% of involvement<br />

2007-08<br />

No Name of Joint Venture<br />

Interest<br />

Jointly Controlled<br />

2006-07<br />

1 Gammon Atlanta<br />

Operation (JCO) 50.00% 50.00% 50.00%<br />

2 Gammon BBJ JCO 50.00% 50.00% 50.00%<br />

3 Gammon Sadbhav JCO 70.00% 70.00% 70.00%<br />

4 Gammon Srinivas JCO 80.00% 80.00% 80.00%<br />

5 GIL Archirodon JCO 98.50% 98.50% 98.50%<br />

6 BBJ GIL JCO 30.50% 30.50% 30.50%<br />

7 JAGER GIL JCO 50.00% 50.00% 50.00%<br />

8 Jaeger Gammon JCO 50.00% 50.00% -<br />

9 Patel Gammon JCO 49.00% 49.00% 49.00%<br />

10 Gammon Patel JCO 50.00% 50.00% 50.00%<br />

11 Hyundai Gammon JCO 49.00% 49.00% 49.00%<br />

12 Jaeger Gammon JCO 50.00% 50.00% 50.00%<br />

13 Gammon BBJ JCO 50.00% 50.00% 50.00%<br />

14 Hyundai Gammon JCO 49.00% 49.00% 49.00%<br />

15 Jaeger Gammon JCO 50.00% 50.00% 50.00%<br />

16 SAE Gammon JCO 25.00% 25.00% -<br />

17 BBJ Gammon JCO 49.00% 49.00% -<br />

18 Gammon Hot Engineering<br />

Gammon Technofab (Fuel Storage<br />

JCO 70.00% 70.00% -<br />

19 Facility Project)<br />

Gammon Technofab (Transmission &<br />

JCO 80.00% 80.00% -<br />

20 Distribution of Electricity & Water )<br />

Gammon Limak (Vishnugod<br />

JCO 70.00% 70.00% -<br />

21 Pipalnote HEPP) JCO 51.00% 51.00% -<br />

22 Gammon Tensacuai JCO 80.00% 80.00% -<br />

23 Gammon Construtora Tensacuai JCO 60.00% 60.00% -<br />

24 Gammon Pratibha (BWSSB)<br />

Gammon Pratibha (4 Airport<br />

JCO 70.00% 70.00% -<br />

25 Terminal Buildings) JCO 70.00% - -<br />

26 Gammon Sadelmi (Tripura Gas PP) JCO 40.00% - -<br />

27 Gammon CKD Jyoti JCO 90.00% - -<br />

28 Lemcon Gammon JCO 51.00% - -<br />

29 Mosmetrostroy Gammon JCO 49.00% - -<br />

F<br />

53

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