GAMMON INDIA LIMITED

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Source: Energy Information Administration, International Energy Annual 2006 (December 2008) For 2006-2007, the world average per capita consumption of electricity was 2,596 Units per year, as compared with India with 612 Units per year, China with 1,802 Units per year and OECD countries with 8,365 Units per year. (Source: Ministry of Power, Key World Energy Statistics 2007) The table set forth below illustrates per capita consumption for 2007: (kwh/year) 10,000 7,500 5,000 2,500 0 8,365 OECD Countries 2,980 Middle East 1,802 China Latin America Source: CEA, Ministry of Power, Key World Energy Statistics 2007 1,695 63 646 612 Asia India Africa World Average Continued economic development, lifestyle changes and a growing population are increasing the demand for energy in developing countries like India and China. The current power supply position in these developing countries is often characterized by persistent shortages, unreliability and high prices for individual consumers. The Government of India‘s stated mission is to provide ‗Power for All‘ by 2012. Its objectives for power sector development include providing sufficient, reliable and inexpensive power. In 2007-2008, India experienced power shortages due to an energy deficit of 11.0%, with a peak deficit of 12.0%. There has been significant improvement in the growth in actual generation over the last few years. As compared to an annual growth rate of about 3.1% at the end of the 9 th Five Year Plan and initial years of the 10 th Five Year Plan, the growth in installed capacity during the 9 th and 10 th Five Year Plan was 22.0% and 26.0%, respectively. (Source: White Paper on Strategy for 11 th Plan, prepared by the CEA and the Confederation of Indian Industry, August 2007) The table set forth below illustrates India‘s energy shortages since 2002: (billion units) 1,200 1,000 800 600 400 200 0 8.8% 7.1% 559 546 498 519 Source: CEA, Ministry of Power 7.3% 591 548 8.4% 632 579 9.6% 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Energy Requirement (BUs) Energy Availability (BUs) Shortage (%) 563 691 625 2,596 739 9.9% 666 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0%
China‘s electricity consumption had constantly been growing at rate that was higher than the country‘s GDP growth each year between 2000 and 2007. For example, China‘s electricity consumption growth in 2007 was 14.4%, which was 2.2 percentage points higher than GDP growth for the same year. (Source: China Statistical Yearbook 2000-2008) The table below set for the electricity output, consumption and the annual growth rate of electricity consumption in China from 2000-2007: Electricity output 64 Electricity consumption Electricity consumption growth rate (TWh) (TWh) (%) 2000 ................................................... 1,355.60 1,347.14 9.5 2001 ................................................... 1,471.66 1,463.35 9.3 2002 ................................................... 1,640.47 1,633.15 11.8 2003 ................................................... 1,910.58 1,903.16 15.6 2004 ................................................... 2,203.31 2,197.14 15.4 2005 ................................................... 2,500.26 2,494.04 13.5 2006 ................................................... 2,865.73 2,858.80 14.6 2007 ................................................... 3,281.55 3,271.18 14.4 Source: China Statistical Yearbook 2000-2008 Power Sector in India The growth in demand for power in India has generally been higher than the gross domestic product growth rate. According to the Indian Ministry of Power, as of March 2009, Indian power supply needed to grow at approximately more than 7.00% annually to keep pace with gross domestic product growth at 8.00% per annum. (Source: Ministry of Power, April 2009) As of June 2009, India has a total installed power generation capacity of 150,323.41 MW, which is insufficient to service India‘s demand for power. (Source: Central Electricity Authority) The following table shows the difference between the demand for power and the supply of power in India over the last few years: Source: Ministry of Power Annual Report, 2007-08
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The information in this Preliminary
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NOTICE TO INVESTORS The Company acc
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different from future results, perf
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your decision to accept an invitati
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SEBI nor any other regulatory autho
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FORWARD LOOKING STATEMENTS All stat
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Term Description Company in consult
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Term Description NH National Highwa
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Lock-up The Company will not, for a
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ased in Italy that is engaged in th
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Our Strategy for our short-term com
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Sr. No. SUMMARY FINANCIAL INFORMATI
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REFORMATTED CONSOLIDATED BALANCE SH
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REFORMATTED CONSOLIDATED PROFIT AND
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REFORMATTED CONSOLIDATED CASH FLOW
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RISK FACTORS An investment in equit
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the tender, the contract is usually
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As the revenue structure for the SP
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of actual traffic volume. Adverse d
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esult in decreased sales of our pro
Page 41 and 42: in two or three years) of interest
Page 43 and 44: If our subsidiaries or SPVs default
Page 45 and 46: Our inability to obtain, renew or m
Page 47 and 48: As of March 31, 2009, our contingen
Page 49 and 50: on which such additional financing
Page 51 and 52: The Equity Shares are being offered
Page 53 and 54: market for our equity shares will n
Page 55 and 56: (of sale proceeds), a no objection/
Page 57 and 58: Date National Stock Exchange of Ind
Page 59 and 60: USE OF PROCEEDS The total proceeds
Page 61 and 62: Vesting Date No. Of Options Exercis
Page 63 and 64: EXCHANGE RATE INFORMATION The follo
Page 65 and 66: development phase. GIPL also offers
Page 67 and 68: during summer months and during the
Page 69 and 70: c) Revenues from providing services
Page 71 and 72: Intangible assets are amortized ove
Page 73 and 74: Guidelines, 1999 issued by Securiti
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Page 77 and 78: Profit After Tax. Our profit after
Page 79 and 80: primarily by trade payables and wor
Page 81 and 82: and components are fluctuating base
Page 83 and 84: Development Authorities, Metro Rail
Page 85 and 86: Indian Road Network Kilometers (app
Page 87 and 88: plan will soon be presented to the
Page 89 and 90: The Airports Sector in India Indian
Page 91: An investment of about Rs.720,600.0
Page 95 and 96: Source Central State Private Total
Page 97 and 98: Overview BUSINESS We are the flagsh
Page 99 and 100: ** formerly Bedi Seaport Limited GA
Page 101 and 102: Our Strategy flue chimneys, nuclear
Page 103 and 104: For certain large construction or i
Page 105 and 106: oriented services. In addition, we
Page 107 and 108: Kalwakruthy Stage-3-Lift Irrigation
Page 109 and 110: Name of SPV Revenue Model MNEL KBIC
Page 111 and 112: Ansaldo Oseberg D Offshore Platform
Page 113 and 114: ITEA ACCAM S.p.A. Incinerator Plant
Page 115 and 116: Our Company, with its joint venture
Page 117 and 118: Board of Directors BOARD OF DIRECTO
Page 119 and 120: Name, Designation, DIN and Address
Page 121 and 122: Name, Designation, DIN and Address
Page 123 and 124: Mr. Parvez Umrigar, is a B. Com., A
Page 125 and 126: Mr. Himanshu Parikh Pursuant to a s
Page 127 and 128: Organisation Chart 98
Page 129 and 130: A B Desai C Bhattacharjee K Jayacha
Page 131 and 132: Shareholding Pattern PRINCIPAL SHAR
Page 133 and 134: Sl. No. Name of the Shareholder Tot
Page 135 and 136: Equity Shares allotted to a QIB pur
Page 137 and 138: FIIs are permitted to participate t
Page 139 and 140: The submission of an Application Fo
Page 141 and 142: ank). The QIB will be required to d
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Placement Agreement PLACEMENT The J
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SELLING RESTRICTIONS The distributi
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the shares, debentures and units of
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TRANSFER RESTRICTIONS Purchasers of
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The exceptions to this rule are for
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equirement to publish un-audited fi
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shares are listed). Further, any pe
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agreement, within the time period m
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for compulsory dematerialised tradi
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. by crediting shares of the Compan
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proportion as the capital paid on t
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The information provided below sets
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to be income chargeable under the h
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8. As per Section 74 Short-term cap
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long-term capital gains. Balance lo
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LEGAL PROCEEDINGS Save as described
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lack list GIL and also its allied/s
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Index to financial statements: FINA
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Sr. No. UNAUDITED FINANCIAL RESULTS
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from the foreign currency receivabl
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5. The financial statements of cert
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REFORMATTED CONSOLIDATED BALANCE SH
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GAMMON INDIA LIMITED REFORMATTED CO
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GAMMON INDIA LIMITED REFORMATTED CO
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GAMMON INDIA LIMITED SCHEDULES FORM
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31.03.09 31.03.08 31.03.07 Rs.inMil
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SCHEDULE 15A SUNDRY EXPENSES INCLUD
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SCHEDULE 18 SIGNIFICANT ACCOUNTING
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5. Research and Development Expense
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(c) Work in progress from manufactu
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Basic Earning Per Share is calculat
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For the Year 2008- 09 For the Year
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interest and voting rights in respe
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y Busi Group. By an Agreement dated
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Maritime Services Pvt. Ltd* Modern
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the difference between outstanding
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PVAN: Term Loans from ICICI Bank ar
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foreign exchange loss of Rs. 11.20
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In respect of some road projects co
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Net Actuarial (gain)/loss To Be Rec
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Further, during the year 2008-09, t
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30 Gammon Sadelmi (Power Plant in S
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(c) Transactions of Oman Branch and
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11 Gammon Rizzani Gammon Rizzani Ga
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Nature of Transactions / relationsh
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Current liabilities Bank overdrafts
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Statement of recognised income and
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5. We have estimated and checked th
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4. As fully described by directors
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Franco Tosi Meccanica S.p.A. INTROD
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Franco Tosi Meccanica S.p.A. 2. INC
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Franco Tosi Meccanica S.p.A. 4. FOR
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Franco Tosi Meccanica S.p.A. The bo
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Franco Tosi Meccanica S.p.A. Revenu
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Franco Tosi Meccanica S.p.A. Servic
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Franco Tosi Meccanica S.p.A. 31.12.
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Franco Tosi Meccanica S.p.A. Note 5
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Franco Tosi Meccanica S.p.A. Nota 1
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Franco Tosi Meccanica S.p.A. As pre
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Franco Tosi Meccanica S.p.A. Deprec
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To the Shareholders of Sae Power Li
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SAE POWER LINES S.R.L. Società uni
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SAE POWER LINES S.R.L. IV. Liquid a
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SAE POWER LINES S.R.L. Profit and l
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SAE POWER LINES S.R.L. Company with
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underlying formal aspects. Fixed as
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Italian Exchange Rates Office (U.I.
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Description Value Monetary revaluat
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Accounts receivable by geographical
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This item can be broken down as fol
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Description 31/12/2007 Additions De
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Accounts payable by geographical ar
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Description 31/12/2008 31/12/2007 C
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Taxes Value at 31/12/2008 Value at
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the reasonable certainty that in fu
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ISSUER Gammon India Limited REGISTE
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GAMMON INDIA LIMITED

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