C M Y K # 1 7 5 m o c . a i d n i n o GAMMON INDIA LIMITED Head Office : m Gammon House, Veer Savarkar Marg, m Prabhadevi, Mumbai 400 025 a India g . m o c . a i d w n i t n i r p i t l u m w Tel : 91-22-6661 4000 Fax : 91-22-2430 0221 w E-mail :
[email protected] A n n u a l R e p o r t 2 0 0 5 - 2 0 0 6 C M Y K # 1 7 5 CMYK # 175 Chairman’s Letter 1 s Board of Directors 2 t Consortium Bankers & Auditors 3 Consolidating Position as an Industry leader 4 n Hebbal Grade Separator Paradip Haldia Pipeline Projects being executed as on 31st March, 2006 5 e Financial highlights 6 t Performance Highlights 8 n Top Projects under execution 10 Public Private Partnership Projects 12 o Gammon’s Projects 14 Directors Report 17 C Report on Corporate Governance 23 Management discussion and analysis 32 Gammon India Limited - 83rd Annual Report 40 Consolidated Accounts 65 Bellary Cooling Tower & Chimney 2 2 Beas Bridge CMYK # 175 CMYK # 175 s Projects ' n Chairman's o letter m Dear Shareholders, It gives me great pleasure to share my thoughts with you once again. The process of infrastructure development in our country has now irreversibly caught the imagination of all the stakeholders. The policy makers, the investors, the financial markets, the developers and the m Sharjah airport contractors are all contributing towards ensuring that this process continues the momentum that has gradually built-up in the last few years.