Annual Report 2010-2011 - Gammon India

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VI. NON-FINANCIAL ORGANISATIONAL INITIATIVES: EESOH (Employee Environment Safety and Occupational Health) is an organization wide initiative being undertaken in Gammon to promote, inculcate and strengthen sustainable work processes, procedures and practices. Recognizing the importance of involving and engaging employees across all functions and businesses in the organization, Gammon India has structured relevant programs primarily lead by functions in the non-financial areas. While tangible benefits from this drive are already visible. The organization is intent on strengthening this approach as a key ingredient of a sustained organizational effectiveness programme. This will further reinforce the innate core competencies of the company and provide it a competitive edge, be it in terms of goodwill, customer value, employee morale and response to market and environmental challenges. The key focus area for Gammon India Limited in 2010-2011 has been with setting up systems and processes to ensure that our functioning is in line with our commitments to our stakeholders and the changing market scenario. The areas included, but not limited to are, human resource management, safety, environment, information technology and various other new initiatives. HUMAN RESOURCE MANAGEMENT • New and improved HR policy • Employee grievance management through Grievance redressal Cell and Grievance Policy with targeted closure of grievance within 30 days. • Updating the existing Enterprise Resource Planning software for increased efficiency in people management. • Balanced score card at managerial levels for role definitions and clarity. • Competency mapping for talent identification and promotions undertaken at 171 stores and for 232 employees in safety function. • Gallop management development program for high achievers. OCCUPATIONAL HEALTH AND SAFETY • Restructuring and reorganization of the Department for better calibration and monitoring. • Established new procedures for increased monitoring and mapping of processes. • Initiated competency mapping for all safety employees. • November 2010 was declared as the Safety Month across Gammon India Limited. ENVIRONMENTAL MANAGEMENT • Established new procedures for environmental management. • Tracking of compliance so as conform to legal requirements. NEW INTIATIVES • Integration of management systems - process mapping at site and departments, training management representatives and internal auditors, established key procedures for environment, safety and occupational health. • Initiated 5S implementation at sites. • Established a web based vehicle tracking system on a pilot scale. HUMAN RESOURCE • Increasing employee productivity by initiating studies for rationalizing roles, responsibilities and rightsizing through a third party. • Establishing a comprehensive Employee Self Service (ESS) system at Group level. • Leadership Development- targeted Elite Task Force of 200 Project-in-charges and 100 leaders by 2013. A NNUAL R EPORT I 2010/11 61
62 • Integration of human resource management for all Group companies to enhance productivity. • Launching internal customer satisfaction platform for improving efficiency. • Competency mapping for various departments such as Plant, Administration, Human Resource, etc. • SBS (Shared Business Services) establishment for backend recruitment activities. • Outsourcing payroll for greater productivity. • Talent retention and skill development. OCCUPATIONAL HEALTH AND SAFETY • Skill development and training based on competency assessment. • Contractor safety management system to be implemented. • Standardisation of procedures to enable significant improvement in performance from 2010-2011. • Establishing the system across the Group for awards-recognition-penalties. • Medical check-ups for workers for critical jobs. • Appointment of occupational health practitioner and establishing standardised check-ups and systems. ENVIRONMENTAL MANAGEMENT • Initiate programs for “using water responsibly” and “being energy conscious”. • Initiate data capture and management for environmental parameters. • Measure energy consumption with respect to turn over for major equipment/plant. • Ensure that all environmental management procedures are standardized at Group level. INFORMATION TECHNOLOGY • Revamp of existing data centre and network solutions. • Advanced disaster recovery system. • Revamping existing e-mail, intranet portal and vendor portal. • Communication partner for bringing all communication needs under one umbrella (e.g. video/audio conferencing). VII. CAUTIONARY STATEMENT: Statements in the Management Discussion and Analysis describing the Company’s objectives, projections, estimates and expectations are “Forward Looking Statements”. Actual Results might differ from those anticipated because of changing ground realities, government policies, economic and political developments, market conditions etc. A NNUAL R EPORT I 2010/11
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Contents A NNUAL R EPORT I 2010/11
Page 4 and 5:
Gammon House the second largest con
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4 Board of Directors Mr. Peter Gamm
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6 A NNUAL R EPORT I 2010/11 Beas Br
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8 Sohar Jetty, Oman A NNUAL R EPORT
Page 12 and 13:
10 Region-wise Projects as on 31st
Page 14 and 15: 12 Financial Highlights of the deca
Page 16 and 17: 14 A NNUAL R EPORT I 2010/11 Off-Sh
Page 18 and 19: 6000 5000 4000 3000 2000 1000 0 16
Page 20 and 21: 18 Key Projects Chennai Metro Proje
Page 22 and 23: 20 Public Private Partnership Proje
Page 24 and 25: Pebble Bay at Dollars Colony, Benga
Page 26 and 27: Your Directors have pleasure in pre
Page 28 and 29: Option Scheme-2007 of erstwhile ATS
Page 30 and 31: Considering the continuous scarcity
Page 32 and 33: Statement showing details of Option
Page 34 and 35: Name and Designation of Director Mr
Page 36 and 37: (a) AUDIT COMMITTEE : The Audit Com
Page 38 and 39: Name, Designation and Address of Co
Page 40 and 41: (iii) Approval of the Members sough
Page 42 and 43: 6. MEANS OF COMMUNICATION : (a) Fin
Page 44 and 45: STOCK PERFORMANCE IN COMPARISION TO
Page 46 and 47: 18. Widening & strenghtening of exi
Page 48 and 49: CEO/CFO CERTIFICATION To The Board
Page 50 and 51: after USA and China. Indian road ne
Page 52 and 53: (a) Thermal power: In the present s
Page 54 and 55: • Growing urbanization has also r
Page 56 and 57: The Company sees immense opportunit
Page 58 and 59: The operative margin for financial
Page 60 and 61: 4. Your Company has entered into Jo
Page 62 and 63: 4. Patna Highway Projects Limited (
Page 66 and 67: A uditors' report to the M e M bers
Page 68 and 69: A nnexure to the A uditors' report
Page 70 and 71: Name of the Statute State Nature of
Page 72 and 73: PROFIT AND LOSS ACCOUNT FOR THE YEA
Page 74 and 75: SCHEDULES FORMING PART OF BALANCE S
Page 76 and 77: SCHEDULE 5 FIXED ASSETS (` in Crore
Page 78 and 79: Face Value Nos. as on Nos. as on 31
Page 80 and 81: As at 31 st March, 2011 As at 31 st
Page 82 and 83: 2010-2011 2009-2010 ` in Crores ` i
Page 84 and 85: (c) Depreciation on revalued compon
Page 86 and 87: 9.95% - Redeemable Non-Convertible
Page 88 and 89: (b) Sundry Debtors include the foll
Page 90 and 91: 13. In respect of the road projects
Page 92 and 93: 20. Additional information pursuant
Page 94 and 95: 23. The Company is engaged mainly i
Page 96 and 97: 33. The balance with The Freyssinet
Page 98 and 99: (d) Transactions of Oman Branch and
Page 100 and 101: SCHEDULE - 1 Related Party Disclosu
Page 102 and 103: Nature of Transactions/Relationship
Page 104 and 105: Nature of Transactions/Relationship
Page 106 and 107: BALANCE SHEET ABSTRACT OF COMPANY
Page 108 and 109: Metropolitan Infrahousing Private L
Page 110 and 111: Patliputra Highway Limited * Patna
Page 112 and 113: Gammon Holdings B.V. Gammon Interna
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Sr. No. Particulars No. of shares/
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existing at the date of preparation
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CONSOLIDATED PROFIT AND LOSS ACCOUN
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C. CASH FLOW FROM FINANCING ACTIVIT
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SCHEDULE 4 FIXED ASSETS (` in Crore
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As at 31 st March, 2011 As at 31 st
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April 10 - March 11 April 09 - Marc
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The cash compensation on account of
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10. Investments Investments are cla
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When the hedge concerns the fair va
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Name of Subsidiaries Country of Inc
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(b) In Case of Sofinter the financi
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The particulars of Investment in As
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K. SOFINTER: The loan envisages the
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12. Retention Bonus for employees:
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(b) In respect of the road projects
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(b) In respect of currency swap der
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VSPL, a subsidiary of the Company,
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Annexure I Related party Disclosure
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vakils
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Annual Report 2010-2011 - Gammon India

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