MIRA INFORM REPORT

Report Date :

25.10.2012

IDENTIFICATION DETAILS

Name :	NCC LIMITED (w.e.f.25.02.2011)
Formerly Known As :	NAGARJUNA CONSTRUCTION COMPANY LIMITED
Registered Office :	NCC House, Madhapur, Hyderabad – 500081, Andhra Pradesh
Country :	India
Financials (as on) :	31.03.2012
Date of Incorporation :	22.03.1990
Com. Reg. No.:	01-011146
Capital Investment / Paid-up Capital :	Rs. 513.170 Millions
CIN No.: [Company Identification No.]	L72200AP1990PLC011146
TAN No.: [Tax Deduction & Collection Account No.]	HYDN00212C
PAN No.: [Permanent Account No.]	AAACN7335C
Legal Form :	A Public Limited Liability Company. The Company’s Shares are Listed on the Stock Exchanges.
Line of Business :	Construction and Project Activities.
No. of Employees :	5,337 (Approximately)

RATING & COMMENTS

MIRA’s Rating :

A (59)

RATING		STATUS	PROPOSED CREDIT LINE
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large

Maximum Credit Limit :	USD 96000000
Status :	Good
Payment Behaviour :	Regular
Litigation :	Clear
Comments :	Subject is a well established and reputed company. They are into vertical business and achieved remarkable reputation. They are having good track record. Financial company performance is good. But in the current year there is slight down in the profitability. However, creditability of the company appears to strong. Trade relations are reported to be fair. Business is active. Payments are reported to be regular and as per commitment. The company can be considered for business dealings at usual trade terms and conditions.

NOTES :

Any query related to this report can be made on e-mail : infodept@mirainform.com while quoting report number, name and date.

ECGC Country Risk Classification List – June 30, 2012

Country Name	Previous Rating (31.03.2012)	Current Rating (30.06.2012)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INDIAN ECONOMIC OVERVIEW

India is developing into an open-market economy, yet traces of its past autarkic policies remain. Economic liberalization, including industrial deregulation, privatization of state-owned enterprises, and reduced controls on foreign trade and investment, began in the early 1990s and has served to accelerate the country's growth, which has averaged more than 7% per year since 1997. India's diverse economy encompasses traditional village farming, modern agriculture, handicrafts, a wide range of modern industries, and a multitude of services. Slightly more than half of the work force is in agriculture, but services are the major source of economic growth, accounting for more than half of India's output, with only one-third of its labor force. India has capitalized on its large educated English-speaking population to become a major exporter of information technology services and software workers. In 2010, the Indian economy rebounded robustly from the global financial crisis - in large part because of strong domestic demand - and growth exceeded 8% year-on-year in real terms. However, India's economic growth in 2011 slowed because of persistently high inflation and interest rates and little progress on economic reforms. High international crude prices have exacerbated the government's fuel subsidy expenditures contributing to a higher fiscal deficit, and a worsening current account deficit. Little economic reform took place in 2011 largely due to corruption scandals that have slowed legislative work. India's medium-term growth outlook is positive due to a young population and corresponding low dependency ratio, healthy savings and investment rates, and increasing integration into the global economy. India has many long-term challenges that it has not yet fully addressed, including widespread poverty, inadequate physical and social infrastructure, limited non-agricultural employment opportunities, scarce access to quality basic and higher education, and accommodating rural-to-urban migration.

Source : CIA

EXTERNAL AGENCY RATING

Rating Agency Name	CRISIL
Rating	Cash Credit : (CRISIL) A-
Rating Explanation	Having adequate degree of safety regarding timely servicing of financial obligation. It carry low credit risk.
Date	August 2012

RBI DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available RBI Defaulters’ list.

EPF (Employee Provident Fund) DEFAULTERS’ LIST STATUS

Subject’s name is not enlisted as a defaulter in the publicly available EPF (Employee Provident Fund) Defaulters’ list as of 31-03-2012.

LOCATIONS

Registered Office :	NCC House, Madhapur, Hyderabad – 500081, Andhra Pradesh, India
Tel. No.:	91-40-23268888
Fax No.:	91-40-23125555
E-Mail :	ho.secr@nccltd.in ariram.madduri@nccltd.in
Website :	http://www.ncclimited.com
Regional Offices :	Located at v Ahmedabad v Bengaluru v Bhopal v Bhubaneswar v Chennai v Delhi v Kolkata v Kochi v Lucknow v Mumbai v Ranchi
Overseas Offices :	Located at v Sultanate of Oman v U A E

DIRECTORS

AS ON 31.03.2012

Name :

Dr. A. V. S. Raju

Designation :

Chairman Emeritus

PAN No.:

ACEPA2199L

Name :

Alluri Anantha Venkata Ranga Raju

Designation :

Managing Director

Address :

Plot No. 174, Road No. 13, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

02.07.1955

Qualification :

Undergraduate

Date of Appointment :

22.03.1990

PAN No.:

ACEPA2192B

DIN No.:

00019161

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L72200AP1990PLC011146	NCC LIMITED	Managing director	01/04/2012	22/03/1990	-	Active	NO
2	U40102AP1996PLC024970	GVK GAUTAMI POWER LIMITED	Director	04/05/2001	04/05/2001	26/04/2010	Active	NO
3	U90000AP2005PLC045940	WESTERN UP TOLLWAY LIMITED	Director	20/04/2005	20/04/2005	28/11/2008	Active	NO
4	U67110AP2005PLC046367	NCC INFRASTRUCTURE HOLDINGS LIMITED	Director	27/05/2005	27/05/2005	-	Active	NO
5	U45200AP2005PLC048375	NCC URBAN INFRASTRUCTURE LIMITED	Director	08/12/2005	08/12/2005	-	Active	NO
6	U45200AP2005PLC048573	BANGALORE ELEVATED TOLLWAY LIMITED	Director	26/12/2005	26/12/2005	26/11/2008	Active	NO
7	U45200AP2006PLC049067	O B INFRASTRUCTURE LIMITED	Director	08/02/2006	08/02/2006	28/11/2008	Active	NO
8	U40101DL2005PTC137235	HIMALAYAN GREEN ENERGY PRIVATE LIMITED	Director	19/06/2006	19/06/2006	28/11/2008	Active	NO
9	U40108HP2004PLC030554	HIMACHAL SORANG POWER LIMITED	Director	24/09/2007	08/02/2007	28/02/2009	Active	NO
10	U45400AP2007PTC053720	TELLAPUR TECHNOCITY PRIVATE LIMITED	Nominee director	23/04/2007	23/04/2007	-	Active	NO
11	U70101AP2007PTC056382	TELLAPUR TOWN CENTRE PRIVATE LIMITED	Director	20/11/2007	20/11/2007	-	Strike off	NO
12	U70101AP2007PTC056381	TELLAPUR TECH PARK PRIVATE LIMITED	Director	20/11/2007	20/11/2007	-	Strike off	NO
13	U40102AP2008PLC059628	NCC POWER PROJECTS LIMITED	Director	18/08/2012	12/06/2008	-	Active	NO
14	U45200AP2007PLC052829	MACHILIPATNAM PORT LIMITED	Additional director	22/09/2008	22/09/2008	30/06/2010	Active	NO
15	U70109AP2011PLC073648	VAIDEHI AVENUES LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO
16	U45400AP2011PLC077680	NCC INFRA LIMITED	Director	28/11/2011	28/11/2011	-	Active	NO

Name :

Prathipati Abraham

Designation :

Director

Address :

Flat No. 507, 5^th Floor, Silver Arch, 22 Feroze Shah Road, New Delhi – 110001, India

Date of Birth/Age :

01.07.1939

Qualification :

IAS (Retired)

Date of Appointment :

11.01.2006

DIN No.:

00280426

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L65192MH1960PLC011579	FUTURA POLYESTERS LIMITED	Nominee director	02/07/2003	02/07/2003	08/09/2008	Active	NO
2	L74999MH1994PLC077041	JSW ENERGY LIMITED	Director	20/10/2003	20/10/2003	-	Active	NO
3	L74899DL1988PLC032166	UFLEX LIMITED	Nominee director	30/10/2003	30/10/2003	29/06/2010	Active	NO
4	L40105DL1999PLC099328	PTC INDIA LIMITED	Director	01/06/2004	01/06/2004	28/09/2011	Active	NO
5	U31909AP1980PLC002697	VIJAI ELECTRICALS LIMITED	Director	07/06/2005	07/06/2005	-	Active	NO
6	U40100MH2005SGC153648	MAHARASHTRA STATE POWER GENERATION COMPANY LIMITED	Director	30/11/2006	29/07/2005	17/05/2010	Active	NO
7	L74999AP2005PLC059013	GVK POWER AND INFRASTRUCTURE LIMITED	Director	10/09/2005	10/09/2005	-	Active	NO
8	L72200AP1990PLC011146	NCC LIMITED	Director	11/01/2006	11/01/2006	-	Active	NO
9	L45200AP1993PLC015545	LANCO INFRATECH LIMITED	Director	03/09/2007	16/06/2006	-	Active	NO
10	U40101DL2005PTC137235	HIMALAYAN GREEN ENERGY PRIVATE LIMITED	Director	19/06/2006	19/06/2006	01/04/2007	Active	NO
11	U40108DL2003PTC120409	ATHENA INFRAPROJECTS PRIVATE LIMITED	Nominee director	08/02/2007	08/02/2007	20/08/2009	Active	NO
12	L65999DL2006PLC153373	PTC INDIA FINANCIAL SERVICES LIMITED	Director	14/09/2007	04/06/2007	28/09/2011	Active	NO
13	U40101DL2004PTC148280	ENERGY INFRATECH PRIVATE LIMITED	Director	29/09/2007	10/08/2007	31/03/2008	Active	NO
14	U40105AP2007PLC056799	GLOBAL HEAVY ELECTRICALS LIMITED	Director	20/12/2007	20/12/2007	28/06/2010	Active	NO
15	L52520AP1981PLC003072	VISAKA INDUSTRIES LIMITED	Director	16/06/2009	28/07/2008	-	Active	NO
16	U67110AP2005PLC046367	NCC INFRASTRUCTURE HOLDINGS LIMITED	Director	31/10/2008	04/09/2008	-	Active	NO
17	L40109AP1995PLC019349	TAJ GVK HOTELS AND RESORTS LIMITED	Director	25/07/2009	30/04/2009	-	Active	NO
18	U31102MH1996PLC185098	RAJ WESTPOWER LTD	Director	31/05/2010	21/07/2009	-	Active	NO
19	U40109AP2001PLC036265	LANCO AMARKANTAK POWER LIMITED	Director	10/07/2010	21/01/2010	-	Active	NO
20	L40108TN2006PLC061665	ORIENT GREEN POWER COMPANY LIMITED	Director	05/08/2010	27/03/2010	-	Active	NO
21	U40102AP2008PLC058683	GVK ENERGY LIMITED	Director	01/08/2011	30/07/2010	-	Active	NO
22	U67100DL2011PTC216401	MAGNETAR VENTURE PRIVATE LIMITED	Additional director	12/07/2011	12/07/2011	-	Active	NO

Name :

Mr. Prakash Chandra Laha

Designation :

Director

Address :

162 C 313 Lake Gardens, Kolkata – 700045, West Bengal, India

Date of Birth/Age :

30.09.1930

Qualification :

B.M.E, FIE, MIIM, MAISE (USA)

Date of Appointment :

24.06.1991

DIN No.:

00026644

Name :

Rakesh Radheyshyam Jhunjhunwala

Designation :

Director

Address :

151, Nariman Bhavna, Mumbai – 400021, Maharashtra, India

Date of Birth/Age :

05.07.1960

Qualification :

FCA

Date of Appointment :

10.03.2004

DIN No.:

00777064

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U12000MH1999PTC119259	HUNGAMA DIGITAL MEDIA ENTERTAINMENT PRIVATE LIMITED	Director	31/03/2008	02/08/2001	-	Active	NO
2	L27101PN1985PLC038031	PRAJ INDUSTRIES LIMITED	Director	02/03/2004	02/03/2004	28/07/2007	Active	NO
3	L72200AP1990PLC011146	NCC LIMITED	Director	10/03/2004	10/03/2004	-	Active	NO
4	L28939PN1987PLC043953	BILCARE LIMITED	Director	31/03/2004	31/03/2004	04/07/2009	Active	NO
5	U24110MH2001PLC134105	INNOVASSYNTH TECHNOLOGIES (INDIA ) LIMITED	Director	14/06/2004	14/06/2004	25/06/2008	Active	NO
6	L92100MH1997PLC108981	PRIME FOCUS LIMITED	Director	22/08/2004	22/08/2004	-	Active	NO
7	U80210MH2004PTC148177	OHM EDUCOM FOUNDATION PRIVATE LIMITED	Director	24/08/2004	24/08/2004	17/06/2010	Active	NO
8	U24230GJ1984PLC007440	CONCORD BIOTECH LIMITED	Director	13/12/2004	13/12/2004	30/06/2008	Active	NO
9	L22100MH1981PLC024052	NEXT MEDIAWORKS LIMITED	Director	31/01/2005	31/01/2005	20/04/2010	Active	NO
10	L67120KL1994PLC008403	GEOJIT BNP PARIBAS FINANCIAL SERVICES LIMITED	Director	28/03/2005	28/03/2005	-	Active	NO
11	U74920MH1982PLC027283	TOPS SECURITY LIMITED	Director	23/05/2005	23/05/2005	22/07/2008	Active	NO
12	L55101AP1965PLC001048	VICEROY HOTELS LIMITED	Director	11/08/2005	11/08/2005	-	Active	NO
13	L72900MH2000PLC123841	APTECH LIMITED	Director	28/10/2005	28/10/2005	-	Active	NO
14	U19200MH1977PLC019449	METRO SHOES LIMITED	Director	14/03/2007	14/03/2007	-	Active	NO
15	U72200GA2006PTC004816	INVENTURUS KNOWLEDGE SOLUTIONS PRIVATE LIMITED	Director	26/03/2007	26/03/2007	-	Active	NO
16	U74140DL2004PTC124402	ASPIRE HUMAN CAPITAL MANAGEMENT PRIVATE LIMITED	Director	30/09/2008	24/11/2007	20/02/2009	Active	NO
17	L67120MH1996PLC192090	FUTURE VENTURES INDIA LIMITED	Director	30/09/2008	20/02/2008	04/08/2010	Active	NO
18	U45201AP1993PLC057762	DHARTI DREDGING AND INFRASTRUCTURE LIMITED	Director	09/03/2008	09/03/2008	07/01/2009	Active	NO
19	U24230MH1985PLC036952	MANEESH PHARMACEUTICALS LIMITED	Director	30/12/2008	27/03/2008	15/10/2010	Active	NO
20	L34300PN1996PLC104510	AUTOLINE INDUSTRIES LIMITED	Director	27/09/2008	27/06/2008	08/08/2011	Active	NO
21	L74999HR2002PLC034805	A2Z MAINTENANCE & ENGINEERING SERVICES LIMITED	Director	30/09/2009	01/07/2009	15/10/2012	Active	NO
22	L65493PN1990PLC058817	DELTA CORP LIMITED	Director	26/09/2011	29/10/2010	-	Active	NO

Name :

Mr. Ramachandra Venkataramana Shastri

Designation :

Director

Address :

B-2-4, Oakyard, 8^th Cross Eastened main, 9^th block, Jayanagar, Bangalore – 560069, Karnataka, India

Date of Birth/Age :

22.10.1994

Date of Appointment :

30.10.2006

PAN No.:

M A (Economics)

DIN No.:

00026892

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L85110KA1924PLC001128	THE KARNATAKA BANK LIMITED	Director	28/01/2006	28/01/2006	-	Active	NO
2	L72200AP1990PLC011146	NCC LIMITED	Director	30/07/2007	30/10/2006	-	Active	NO
3	U65999MH2008PTC178870	AEGON TRUSTEE COMPANY PRIVATE LIMITED	Additional director	04/07/2008	04/07/2008	19/11/2008	Amalgamated	NO
4	U65991MH2005PTC153638	RELIGARE TRUSTEE COMPANY PRIVATE LIMITED	Director	30/09/2009	04/12/2008	-	Active	NO
5	U04010CT1995PLC010142	VANDANA VIDHYUT LIMITED	Director	25/06/2010	22/03/2010	24/08/2012	Active	NO

Name :

Mr. Akhilesh Krishna Gupta

Designation :

Nominee Director

Address :

Black Stone Advisors India Private Limited, Express Towers, 5^th Floor, Nariman Point, Mumbai – 400001, Maharashtra, India

Date of Birth/Age :

20.07.1952

Qualification :

B. Tech, MBA

Date of Appointment :

12.12.2007

DIN No.:

00359325

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U67190MH2005PTC156325	BLACKSTONE ADVISORS INDIA PRIVATE LIMITED	Director	23/09/2005	23/09/2005	-	Active	NO
2	U99999MH2006NPL159749	ASIA SOCIETY INDIA CENTRE	Director	24/03/2006	24/03/2006	23/01/2008	Active	NO
3	U24231PN1981PLC024251	EMCURE PHARMACEUTICALS LIMITED	Additional director	01/08/2006	01/08/2006	01/03/2011	Active	NO
4	U67190MH2005FTC156927	BLACKSTONE FUND SERVICES INDIA PRIVATE LIMITED	Alternate director	24/01/2007	24/01/2007	05/12/2007	Active	NO
5	U72900MH2007PTC171259	SKR BPO SERVICES PRIVATE LIMITED	Director	25/09/2008	18/09/2007	07/07/2011	Active	NO
6	U99999MH2000PTC129112	INTELENET GLOBAL SERVICES PRIVATE LIMITED	Director	30/09/2008	19/09/2007	07/07/2011	Active	NO
7	U72200AP1999PTC032836	MTAR TECHNOLOGIES PRIVATE LIMITED	Director	30/09/2008	29/11/2007	-	Active	NO
8	L72200AP1990PLC011146	NCC LIMITED	Nominee director	31/07/2008	12/12/2007	-	Active	NO
9	L18101KA2004PLC033475	GOKALDAS EXPORTS LIMITED	Director	04/09/2008	21/02/2008	17/07/2012	Active	NO
10	L63010MH2004PLC073508	ALLCARGO LOGISTICS LIMITED	Director	12/08/2008	27/03/2008	-	Active	NO
11	U30007MH1980PLC022235	CMS COMPUTERS LIMITED	Additional director	21/02/2009	21/02/2009	01/07/2009	Active	NO
12	U46711MH2006PLC158878	CMS MARSHALL LIMITED	Additional director	01/07/2009	01/07/2009	01/08/2009	Active	NO
13	U45200MH2008PTC180479	CMS INFO SYSTEMS PRIVATE LIMITED	Director	30/09/2009	01/07/2009	25/06/2012	Active	NO
14	U67190DL1999PLC098107	CMS SECURITAS LIMITED	Director	29/09/2009	01/07/2009	25/06/2012	Active	NO
15	U72200DL2000PTC107182	MOSER BAER PROJECTS PRIVATE LIMITED	Nominee director	26/08/2010	26/08/2010	-	Active	NO
16	U67100UP1990PTC011645	JAGRAN MEDIA NETWORK INVESTMENT PRIVATE LIMITED	Nominee director	30/09/2011	21/07/2011	-	Active	NO
17	L22219UP1975PLC004147	JAGRAN PRAKASHAN LIMITED	Director	28/09/2012	22/10/2011	-	Active	NO

Name :

Mr. Amit Dixit

Designation :

Alternate Director to Sri Akhil Gupta

Address :

Black Stone Advisors India Private Limited, Express Towers, 5^th Floor, Nariman Point, Mumbai – 400001, Maharashtra, India

Date of Birth/Age :

26.01.1973

Qualification :

B. Tech, MBA

Date of Appointment :

30.05.2011

DIN No.:

01798942

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U72900MH2007PTC171259	SKR BPO SERVICES PRIVATE LIMITED	Director	25/09/2008	18/09/2007	07/07/2011	Active	NO
2	U99999MH2000PTC129112	INTELENET GLOBAL SERVICES PRIVATE LIMITED	Director	30/09/2008	19/09/2007	07/07/2011	Active	NO
3	L72200AP1990PLC011146	NCC LIMITED	Alternate director	29/05/2012	12/12/2007	-	Active	NO
4	U24231PN1981PLC024251	EMCURE PHARMACEUTICALS LIMITED	Nominee director	01/03/2011	01/06/2009	-	Active	NO
5	U72200DL2000PTC107182	MOSER BAER PROJECTS PRIVATE LIMITED	Director	01/11/2010	26/10/2010	-	Active	NO
6	U01403CT2007PLC020179	MONNET POWER COMPANY LIMITED	Director	24/01/2011	24/01/2011	-	Active	NO
7	U22130MH2008PLC177808	MIDDAY INFOMEDIA LIMITED	Director	14/07/2011	31/03/2011	-	Active	NO
8	U67100UP1990PTC011645	JAGRAN MEDIA NETWORK INVESTMENT PRIVATE LIMITED	Nominee director	30/09/2011	21/07/2011	-	Active	NO
9	L22219UP1975PLC004147	JAGRAN PRAKASHAN LIMITED	Director	28/09/2012	22/10/2011	-	Active	NO
10	U40101MP2008PLC022066	MB POWER (MADHYA PRADESH) LIMITED	Nominee director	28/09/2012	29/11/2011	-	Active	NO
11	U67190MH2005PTC156325	BLACKSTONE ADVISORS INDIA PRIVATE LIMITED	Additional director	19/03/2012	19/03/2012	-	Active	NO
12	L02710CT1990PLC009826	MONNET ISPAT AND ENERGY LIMITED	Director	29/09/2012	14/05/2012	-	Active	NO
13	U74999MH1955PTC009593	S H KELKAR AND COMPANY PRIVATE LIMITED	Director	27/09/2012	08/08/2012	-	Active	NO

Name :

Utpal Hemendra Sheth

Designation :

Alternate Director to Sri Rakesh R. Jhunjhunwala

Address :

151, 15^th Floor, Nariman Bhavan, Nariman Point, Mumbai – 400021, Maharashtra, India

Date of Birth/Age :

20.06.1971

Qualification :

ICWAI,CFA

Date of Appointment :

31.10.2009

DIN No.:

00081012

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	U65990MH1991PTC063580	INSIGHT ASSET MANAGEMENT (INDIA) PRIVATE LIMITED	Director	11/10/1991	11/10/1991	-	Active	NO
2	U67120MH1997PTC105571	HRS INSIGHT FINANCIAL INTERMEDIARIES PRIVATE LIMITED	Director	31/01/1997	31/01/1997	-	Active	NO
3	U67100MH2005PTC151400	CHANAKYA CORPORATE SERVICES PRIVATE LIMITED	Director	18/02/2005	18/02/2005	-	Active	NO
4	U51900MH1998PTC116557	TRUST TRADE AND INVESTMENT COMPANY PRIVATE LIMITED	Director	19/10/2006	19/10/2006	-	Strike off	NO
5	L72900MH2000PLC123841	APTECH LIMITED	Director	28/10/2006	28/10/2006	-	Active	NO
6	U19200MH1977PLC019449	METRO SHOES LIMITED	Alternate director	14/03/2007	14/03/2007	-	Active	NO
7	L27101PN1985PLC038031	PRAJ INDUSTRIES LIMITED	Director appointed in casual vacancy	28/07/2007	28/07/2007	-	Active	NO
8	U17120MH1993PTC074456	RARE EQUITY PRIVATE LIMITED	Additional director	01/11/2007	01/11/2007	-	Active	NO
9	U67120MH1988PTC049423	HILLCROFT INVESTMENTS COMPANY PRIVATE LIMITED	Additional director	01/11/2007	01/11/2007	-	Active	NO
10	U65910MH1986PTC040671	CLUE LEASING AND FINANCE PRIVATE LIMITED	Director	01/11/2007	01/11/2007	-	Active	NO
11	U45400MH2008PTC177950	MOSS PROPERTIES PRIVATE LIMITED	Director	11/02/2008	11/02/2008	-	Strike off	NO
12	U45400MH2008PTC177951	MOSS ESTATES PRIVATE LIMITED	Director	11/02/2008	11/02/2008	-	Strike off	NO
13	U24110MH2001PLC134105	INNOVASSYNTH TECHNOLOGIES (INDIA ) LIMITED	Director	30/09/2009	25/06/2008	26/09/2012	Active	NO
14	L72200AP1993PLC015939	ZEN TECHNOLOGIES LIMITED	Director	12/09/2008	30/06/2008	-	Active	NO
15	U74920MH1982PLC027283	TOPS SECURITY LIMITED	Director	15/12/2008	22/07/2008	-	Active	NO
16	U70102MH2008PTC183684	RACE AHEAD PROPERTIES PRIVATE LIMITED	Director	20/08/2008	20/08/2008	-	Active	NO
17	L72200AP1990PLC011146	NCC LIMITED	Alternate director	29/05/2012	31/10/2009	-	Active	NO
18	U24230GJ1984PLC007440	CONCORD BIOTECH LIMITED	Director	14/09/2010	04/12/2009	-	Active	NO
19	L92142MH2002PLC135964	CINEMAX PROPERTIES LIMITED	Additional director	29/10/2010	28/07/2010	-	Active	NO
20	U65991MH2010PTC206150	TRUST-PLUTUS WEALTH MANAGERS ( INDIA) PRIVATE LIMITED	Director	31/07/2010	31/07/2010	-	Active	NO
21	U34300MH1994PLC081463	KLT AUTOMOTIVE AND TUBULAR PRODUCTS LIMITED	Director	29/09/2011	25/09/2010	-	Active	NO
22	U67110MH2011PTC215357	TRUST CAPITAL HOLDINGS PRIVATE LIMITED	Director	26/03/2011	26/03/2011	-	Active	NO
23	L92490TN1986PLC013044	STERLING HOLIDAY RESORTS (INDIA) LIMITED	Director	23/07/2012	07/11/2011	-	Active	NO
24	U93030MH2011PLC222613	CINEMAX INDIA LIMITED	Additional director	24/05/2012	24/05/2012	-	Active	NO
25	AAA-0155	INSYNC CAPITAL PARTNERS LLP	Designated Partner	28/08/2009	28/08/2009	-	Active	NO
26	AAA-2697	CHANAKYA VALUE CREATION LLP	Designated Partner	02/11/2010	02/11/2010	-	Active	NO
27	AAB-0266	ZEN SUPERSTRUCTURE LLP	Designated Partner	18/07/2012	18/07/2012	-	Active	NO

Name :

Alluri Narayana Raju

Designation :

Director

Address :

168A, Road No. 10, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

06.05.1967

Qualification :

B E (Civil)

Date of Appointment :

25.02.1995

DIN No.:

00026723

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L72200AP1990PLC011146	NCC LIMITED	Director	31/03/2007	25/02/1995	-	Active	NO
2	U90000AP2005PLC045940	WESTERN UP TOLLWAY LIMITED	Director	29/09/2006	16/05/2005	-	Active	NO
3	U45200AP2005PLC048375	NCC URBAN INFRASTRUCTURE LIMITED	Managing director	01/04/2012	08/12/2005	-	Active	NO
4	U45200AP2006PLC048891	NCC VIZAG URBAN INFRASTRUCTURE LIMITED	Director	25/01/2006	25/01/2006	-	Active	NO
5	U45200DL2007PTC158358	PRAKRITHI REALTY PRIVATE LIMITED	Director	24/01/2007	24/01/2007	-	Active	YES
6	U45200AP2007PLC052759	PATNITOP ROPEWAY AND RESORTS LIMITED	Director	13/02/2007	13/02/2007	-	Active	NO
7	U45400AP2007PTC053720	TELLAPUR TECHNOCITY PRIVATE LIMITED	Nominee director	26/05/2008	11/05/2007	-	Active	NO
8	U74900AP2007PTC055292	NAFTOGAZ ENGINEERING PRIVATE LIMITED	Director	28/08/2007	28/08/2007	-	Under Process of Striking off	NO
9	U74120DL2008PTC174951	NATURAL BUILDTECH PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	YES
10	U74120DL2008PTC174947	PRAKRITHI PROMOTERS PRIVATE LIMITED	Director	05/03/2008	05/03/2008	-	Active	YES
11	U70102DL2010PTC197692	NEXTGREEN INFRASTRUCTURE PRIAVE LIMITED	Director	10/09/2010	10/09/2010	-	Active	NO
12	U40107HR2010PLC041349	NCC OIL AND GAS LIMITED.	Nominee director	06/10/2010	06/10/2010	-	Active	NO

Name :

Jampanna Venkata Ranga Raju

Designation :

Wholetime Director

Address :

H. No. 11, Hig A Sector New Town, Yelahanka Bangalore – 560064, Karnataka, India

Date of Birth/Age :

12.03.1959

Qualification :

M. Com

Date of Appointment :

23.03.1990

PAN No.:

ABSPJ3909J

DIN No.:

00020547

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Company/ LLP Status	Defaulting status
1	L72200AP1990PLC011146	NCC LIMITED	Whole-time director	01/04/2012	23/03/1990	Active	NO
2	U45203AP2003PLC042006	BRINDAVAN INFRASTRUCTURE COMPANY LIMITED	Director	31/05/2004	31/05/2004	Active	NO

Name :

Alluri Venkata Narasimha Raju

Designation :

Wholetime Director

Address :

168A, Road No. 10, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

01.06.1962

Qualification :

B.A.

Date of Appointment :

01.06.1999

PAN No.:

ABQPA3922Q

DIN No.:

00018965

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L72200AP1990PLC011146	NCC LIMITED	Whole-time director	30/05/2011	31/05/1990	-	Active	NO
2	L05005AP1992PLC014678	NCC BLUE WATER PRODUCTS LTD.	Director	18/08/1992	18/08/1992	01/12/2008	Active	NO
3	U45201KA2006PTC038699	JUBILEE HILLS LANDMARK PROJECTS PRIVATE LIMITED	Director	29/12/2006	30/05/2006	20/07/2010	Active	NO
4	U45200AP2006PLC048891	NCC VIZAG URBAN INFRASTRUCTURE LIMITED	Director	29/09/2006	30/06/2006	-	Active	NO
5	U40101DL2005PTC137235	HIMALAYAN GREEN ENERGY PRIVATE LIMITED	Director	14/09/2006	14/09/2006	02/08/2010	Active	NO
6	U55100AP1998PTC029729	BAYPARK HOTEL AND RESORTS PRIVATE LIMITED	Director	03/01/2007	03/01/2007	27/10/2011	Active	NO

Name :

Alluri Srimannarayana Raju

Designation :

Wholetime Director

Address :

Plot No. 285, Road No. 25, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

05.01.1958

Qualification :

Undergraduate

Date of Appointment :

22.03.1990

DIN No.:

00017416

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L72200AP1990PLC011146	NCC LIMITED	Whole-time director	01/05/2009	22/03/1990	-	Active	NO
2	U67110AP2005PLC046367	NCC INFRASTRUCTURE HOLDINGS LIMITED	Director	27/05/2005	27/05/2005	-	Active	NO
3	U45200AP2006PLC048891	NCC VIZAG URBAN INFRASTRUCTURE LTD	Director	25/01/2006	25/01/2006	-	Active	NO
4	U45400AP2007PLC053321	PONDICHERRY -TINDIVANAM TOLLWAY LIMITED	Nominee director	27/03/2007	27/03/2007	28/11/2008	Active	NO
5	U40107HR2010PLC041349	NCC OIL AND GAS LIMITED.	Nominee director	06/10/2010	06/10/2010	-	Active	NO
6	U70109AP2011PLC073648	VAIDEHI AVENUES LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO

Name :

A. K. H. S. Rama Raju

Designation :

Wholetime Director

Name :

Alluri Gopala Krishnam Raju

Designation :

Executive Director

Address :

Plot No. 284, Road No. 25, Jubilee Hills, Hyderabad – 500033, Andhra Pradesh, India

Date of Birth/Age :

30.05.1959

Qualification :

MBA

Date of Appointment :

22.03.1990

PAN No.:

ACEPA2194H

DIN No.:

00019100

Other Directorship:

S.No.	CIN/LLPIN	Name of the Company/ LLP	Current designation of the Director/ Designated Partner	Date of appointment at current designation	Original date of appointment	Date of cessation	Company/ LLP Status	Defaulting status
1	L72200AP1990PLC011146	NCC LIMITED	Whole-time director	01/04/2012	22/03/1990	-	Active	NO
2	L65993AP1994PLC017737	NCC FINANCE LIMITED	Director	20/06/1994	20/06/1994	-	Active	NO
3	U45203AP2003PLC042006	BRINDAVAN INFRASTRUCTURE COMPANY LIMITED	Director	05/11/2003	05/11/2003	28/11/2008	Active	NO
4	U90000AP2005PLC045940	WESTERN UP TOLLWAY LIMITED	Director	20/04/2005	20/04/2005	28/11/2008	Active	NO
5	U67110AP2005PLC046367	NCC INFRASTRUCTURE HOLDINGS LIMITED	Director	27/05/2005	27/05/2005	-	Active	NO
6	U45200AP2005PLC048375	NCC URBAN INFRASTRUCTURE LIMITED	Director	08/12/2005	08/12/2005	-	Active	NO
7	U45200AP2005PLC048573	BANGALORE ELEVATED TOLLWAY LIMITED	Director	28/09/2006	16/01/2006	26/11/2008	Active	NO
8	U45200AP2006PLC049067	O B INFRASTRUCTURE LIMITED	Director	08/02/2006	08/02/2006	28/11/2008	Active	NO
9	U45201KA2006PTC038699	JUBILEE HILLS LANDMARK PROJECTS PRIVATE LIMITED	Director	29/12/2006	30/05/2006	20/07/2010	Active	NO
10	U70109AP2011PLC073648	VAIDEHI AVENUES LIMITED	Director	01/04/2011	01/04/2011	-	Active	NO

KEY EXECUTIVES

Name :	R. S. Raju
Designation :	Chief Financial Officer/ Sr. Vice President (F&A)
Name :	Mallela Venkata Srinivasa Murthy
Designation :	Company Secretary and Sr. Vice President (Legal)
Date of Appointment :	12.05.2003
PAN No.:	AFRPM4389L

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.06.2012

Category of Shareholders	No. of Shares	Percentage of Holding
(A) Shareholding of Promoter and Promoter Group
(1) Indian
Individuals / Hindu Undivided Family	33194700	12.94
Bodies Corporate	18790890	7.32
Sub Total	51985590	20.26
(2) Foreign
Total shareholding of Promoter and Promoter Group (A)	51985590	20.26
(B) Public Shareholding
(1) Institutions
Mutual Funds / UTI	16943985	6.60
Financial Institutions / Banks	495624	0.19
Foreign Institutional Investors	106487053	41.51
Sub Total	123926662	48.31
(2) Non-Institutions
Bodies Corporate	26766097	10.43
Individuals
Individual shareholders holding nominal share capital up to Rs.0.100 million	24850447	9.69
Individual shareholders holding nominal share capital in excess of Rs.0.100 million	24088864	9.39
Any Others (Specify)	4926450	1.92
Trusts	6641	0.00
Clearing Members	3421293	1.33
Foreign Bodies – D R	761	0.00
Non Resident Indians	1497755	0.58
Sub Total	80631858	31.43
Total Public shareholding (B)	204558520	79.74
Total (A)+(B)	256544110	100.00
© Shares held by Custodians and against which Depository Receipts have been issued	0	0.00
(1) Promoter and Promoter Group	0	0.00
(2) Public	39700	0.00
Sub Total	39700	0.00
Total (A)+(B)+(C)	256583810	0.00

BUSINESS DETAILS

Line of Business :

Construction and Project Activities.

GENERAL INFORMATION

No. of Employees :

5,337 (Approximately)

Bankers :

v State Bank of India

v Canara Bank

v Andhra Bank

v State Bank of Hyderabad

v Syndicate Bank

v Indian Overseas Bank

v Allahabad Bank

v ICICI Bank

v Standard Chartered Bank

v Vijaya Bank, Somajiguda Branch, Opposite C E Office PWD, Yerramanzil, Hyderabad – 500082, Andhra Pradesh, India

Facilities :

Secured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
11.95% Redeemable, Non-convertible Debentures	500.000	750.00
10.50% Redeemable, Non-convertible Debentures	700.000	1000.00
From Banks	395.170	435.90
From Other Parties	106.420	431.39
Vehicle Loans From Banks	25.300	26.72
Working Capital Demand Loan Rupee Loan	8233.650	7349.64
Working Capital Demand Loan Foreign Currency Loan	0.000	1250.22
Cash Credit	374.820	903.34
Total	10335.360	12147.210
11.95% Redeemable Non Convertible Debentures (i) Debentures numbering to 1,000 having a face value of Rs. 1 million each aggregating to Rs. 1,000 million privately placed with Life Insurance Corporation of India on February 4th, 2009. These are secured by first charge created in favour of IDBI Trusteeship Services Limited, trustees to the debenture holders: - by way of hypothecation of the Company’s movable properties specified in the Schedule-2 of Memorandum of Hypothecation dated April 25, 2009; - first charge by way of equitable mortgage by deposit of title deeds of the Company’s immovable property situated at Gujarat as specified in first schedule to the Debenture Trust Deed dated April 23, 2009; - equitable mortgage by deposit of title deeds of Company’s immovable properties situated at Hyderabad, Bangalore, Mumbai and New Delhi as specified in Schedule-A of Declaration and Undertaking dated April 25, 2009. - These debentures are to be redeemed at par in 3 installments in the ratio of 25:25:50 commencing at the end of 3rd year from the date of allotment i.e., 4th February, 2012 onwards. (ii) These debentures are to be redeemed at par in 3 installments in the ratio of 25:25:50 commencing at the end of 3rd year from the date of allotment i.e., February 4, 2012 onwards. 10.50% Redeemable Non Convertible Debentures (i) Debentures numbering to 1,000 having a face value of ` 1 million each comprising of ten (10) Detachable and Separately Transferable, Redeemable Principal Parts (“STRPPS”) aggregating to ` 1,000 million privately placed during 2009-10 with various banks and financial institutions. These are secured by first charge created in favour of IDBI Trusteeship Services Limited, trustees to the debenture holders, by way of equitable mortgage of the title deeds in respect of the company’s immovable property situated at Kadi Taluka, Mehasana district, Gujarat as specified in the first schedule to the Debenture Trust Deed dated September 15, 2009 and by way of equitable mortgage by deposit of title deeds of the immovable properties of the Company and its subsidiary and its step-down subsidiaries, situated at Hyderabad as specified in Schedule-A to I of Declaration and Undertaking dated October 12, 2009. (ii) These debentures are to be redeemed at par in 3 installments in the ratio of 30:30:40 commencing at the end of 3rd year from the date of allotment i.e., July 24, 2012 onwards. Term Loans from Banks (i) ICICI Bank - Loan availed of ` 20 million (31.03.2011: Rs. 20 million), No. of Installments outstanding 104 (31.03.2011: 116) - Secured by hypothecation of asset purchased out of the loan i.e. building purchased with the loan. - Rate of Interest - 12% per annum, Repayable in 120 monthly installments, commencing from February 2011. (ii) HDFC Bank (a) Loan I - Loan availed of Rs. 15.88 million (31.03.2011: Rs. 15.88 million) - Secured by hypothecation of specific assets purchased out of the loan, comprising Plant and Machinery - Duration March 20, 2010 to January 20, 2014, No. of Installments outstanding 22 (31.03.2011: 34) - Rate of Interest 8.61% Per Annum. Repayable in 47 Monthly Installments (b) Loan II - Loan availed of Rs. 185.61 million (31.03.2011: Rs. 185.61 million) - Secured by exclusive first charge on the machinery purchased out of term loan - Personal guarantee of Mr. AGK Raju - Duration March 10, 2009 to December 10, 2011, No. of Installments outstanding Nil (31.03.2011: 3) - Rate of Interest 9.75% (Interest reset after every year) - Repayable in 12 equal quarterly installments starting from the end of 9 months from date of first disbursement (iii) IDBI Bank - Two Loans availed by the company amounting to Rs. 499.53 million (31.03.2011: Rs. 499.53 million) - Secured by hypothecation of specific assets purchased out of loan, comprising Plant and machinery - Personal Guarantee of Mr.AAV Ranga Raju and Mr AGK Raju - Duration September 29,2007 to May 18, 2012 - No. of Installments outstanding: Loan I - Nil (31.03.2011: 4), Loan 2 - 2 (31.03.2011: 14) - Rate of Interest 9.35% and 11.75% (Interest reset annually starting from date of disbursement) - Repayable in 48 equal monthly installments after initial moratorium period of one year from date of first disbursement. (iv) State Bank of India - Loan availed of Rs. 200.00 Million - Secured by hypothecation of specific assets purchased out of the loan - Duration March 31, 2009 to June 30, 2011, No. of Installments outstanding Nil (31.03.2011: 1) - Rate of interest 12.25% per annum, Repayable in 10 equal quarterly monthly installments after initial moratorium period of one year from the date of first disbursement (v) Standard Chartered Bank - Four loans availed by the Company aggregating to Rs. 352.04 million (31.03.2011: Rs. 352.04 million) - Secured by hypothecation of specific assets, comprising Plant and Machinery - Duration November 29,2010 to October 11, 2013, No. of Installments outstanding for all Loans 7 (31.03.2011: 11) - Rate of Interest ranges from 7.40% to 7.90 %, Repayable in 12 Quarterly installments. (vi) Indus Ind Bank Limited - Seven loans (31.03.2011: Six loans) availed by the company aggregating to ` 640.89 million (31.03.2011: Rs. 350.00 million ) - Secured by hypothecation of specific assets purchased out of the loan comprising Plant and Machinery. - Duration January 31, 2010 to January 31, 2016. - No. of Installments outstanding: Loan 1 - No. of Installments Outstanding 15 (31.03.2011: 27), Loan 2 - No. of Installments Outstanding 25 (31.03.2011: 37), Loan 3 - No. of Installments Outstanding 30 (31.03.2011: 42), Loan 4 - No. of Installments Outstanding 40 (31.03.2011: Nil), Loan 5 and 6 - No. of Installments Outstanding 42 (31.03.2011: Nil), Loan 7 - No. of Installments Outstanding 1 (31.03.2011: Nil), Rate of Interest ranges from 9.50% to 12.00 %, Repayable in 42 Monthly installments. Term Loans from Others Parties:- (i) SREI Equipment Finance Private Limited - Seven loans (31.03.2011: Six loans) by the Company aggregating to Rs. 1053.59 million (31.03.2011: Rs. 1021.35 million ) - Secured by hypothecation of specific assets purchased out of loan, comprising Plant and Machinery and Construction equipment - Duration March 8, 2009 to October 22, 2013 - No. of Installments Outstanding: Loan 1 and 2 - No. of Installments Outstanding 10 (31.03.2011: 22), Loan 3 and 4 - No. of Installments Outstanding 15 (31.03.2011: 27), Loan 5 - No. of Installments Outstanding 26 (31.03.2011: 38), Loan 6 - No. of Installments Outstanding 27 (31.03.2011: 39), Loan 7 - No. of Installments Outstanding 34 (31.03.2011: Nil) - Rate of Interest is based on SREI benchmark rate (SBR), the rate will be reset at the beginning of the succeeding calendar month of the date when change in the SBR takes place and accordingly, the installments falling due in the subsequent months will be reworked. (ii) L&T Finance Limited (a) Loan I - Finance Amount ` 0.86 million (31.03.2011: Rs. 0.86 million ) - Secured by hypothecation of specific assets purchased out of the loan, comprising Plant and Machinery and Construction equipment. - Duration June 21, 2009 to April 21, 2012, No. of Installments Outstanding 1 (31.03.2011: 13) - Rate of interest 13.35% per annum. - Repayable in 35 monthly installments after initial moratorium period of one month from date of first disbursement. (b) Loan II - Finance Amount Rs. 33.58 million (31.03.2011: Rs. 33.58 million) - Secured by hypothecation of specific assets purchased out of the loan, comprising Plant and Machinery and Construction equipment. - Duration May 16, 2009 to January 16, 2013, No. of Installments Outstanding 10 (31.03.2011: 22) - Rate of interest 13.35% per annum. Repayable in 45 monthly installments after initial moratorium period of three months from the date of first disbursement. Vehicle Loans Vehicle loans are secured by hypothecation of the vehicles financed through the loan arrangements. Such loans are repayable in equal monthly installments over a period of 3 years and carry interest rate ranging between 7.68% to 11.52% per annum. Working Capital Demand Loans and Cash Credit facilities availed from consortium of banks are secured by: a) Hypothecation against first charge on stocks, book debts and other current assets of the Company,(excluding specific projects) both present and future, ranking parri passu with consortium banks b) Hypothecation against first charge on unencumbered fixed assets of the Project Division and Light Engineering Division(excluding Land & Buildings) of the Company ranking parri passu with consortium banks. c) Equitable mortgage of three properties (Land & Buildings). Working Capital Demand Loan in foreign currency is secured either/and or as: - Exclusive First hypothecation charge of project assets pertaining to the Al Amerat Quriyat road project. Short term loans from Banks: The company availed short term loans from various banks during the year having a maturity of less than one year and carry interest rate ranging between 11% to 12.5% per annum.
Unsecured Loans	31.03.2012	31.03.2011
	(Rs. In Millions)
9.50% Redeemable, Non-convertible Debentures	1500.00	2000.00
Short Term Loans	8225.00	9325.00
Commercial Paper	497.08	395.01
Total	10222.080	11720.010

9.50 % Unsecured Redeemable Non-Convertible Debentures

(i) Debentures numbering to 500 having face value of Rs. 4 million each comprising of four (4) Detachable and Separately

Transferable Redeemable principal parts (“STRPPS”) of face value of Rs. 1 million each aggregating to Rs. 2,000 million privately placed with ICICI Bank Limited.

(ii) These Debentures are to be redeemed at par in four equated installments commencing at the end of second year from the date of allotment i.e. August 11, 2012 onwards.

Commercial paper represents Rs. 500.00 million (31.03.2011: Rs. 400.00 million) due within one year. The maximum amount of Commercial paper outstanding at any time during the year was Rs. 2,300.00 million (31.03.2011: Rs. 1,500.00 million).

Banking Relations :	--
Financial Institution :	L and T Finance Limited, L and T House, ballard Estate, Mumbai – 400001, Maharashtra, India
Joint Statutory Auditors 1 :
Name :	M. Bhaskara Rao and Company Chartered Accountants
Address :	6-3-652 5-D, Fifth Floor, ‘KAUTILYA’, Amrutha Estates, Somajiguda, Hyderabad – 500082, Andhra Pradesh, India
Joint Statutory Auditors 2 :
Name :	Deloitte Haskins and Sells Chartered Accountants
Address :	1-8-384 and 385, 3rd Floor, Gowra Grand, Sardar Patel Road, Secunderabad – 500003, Andhra Pradesh, India
Joint Ventures :	v Brindavan Infrastructure Company Limited [U45203AP2003PLC042006] v Bangalore Elevated Tollway Limited v Pondicherry Tindivanam Tollway Limited v Varapradha Real Estates Private Limited v Himachal JV v NCC - NEC – Maytas v NCC – VEE v Premco-NCC v SDB-NCC-NEC v NCC-PNC v NCC-SJRIPL v NCC-MSKEL
Associates :	v Paschal Form Work (India) Private Limited [U74900AP2008FTC058963] v Nagarjuna Facilities Management Services LLC v Himalayan Green Energy Private Limited [U40101DL2005PTC137235] v Jubilee Hills Landmark Projects Private Limited [U45201KA2006PTC038699] v Tellapur Technocity (Mauritius) v Tellapur Technocity Private Limited [U45400AP2007PTC053720] v Apollonius Coal and Energy Pte. Limited
Subsidiaries :	v NCC Infrastructure Holdings Limited [U67110AP2005PLC046367] v NCC Urban Infrastructure Limited [U45200AP2005PLC048375] v NCC Vizag Urban Infrastructure Limited [U45200AP2006PLC048891] v Nagarjuna Construction Company Limited and Partners LLC v OB Infrastructure Limited [U45200AP2006PLC049067] v NCC Infrastructure Holdings Mauritius Pte. Limited v Nagarjuna Construction Company International LLC v Nagarjuna Contracting Company LLC v Patnitop Ropeway and Resorts Limited [U45200AP2007PLC052759] v Western UP Tollway Limited v Vaidehi Avenues Limited v NCC International Convention Centre Limited v NCC Oil and Gas Limited [U40107HR2010PLC041349] v Nagarjuna Construction Company (Kenya) Limited v Naftagaz Engineering Private Limited
Step-Down Subsidiaries :	v Liquidity Limited v Dhatri Developers and Projects Private Limited v Sushanti Avenues Private Limited v Sushruta Real Estates Private Limited v PRG Estates Private Limited v Thrilekya Real Estates Private Limited v Varma Infrastructure Private Limited v Nandyala Real Estates Private Limited v Kedarnath Real Estates Private Limited v AKHS Homes Private Limited v JIC Homes Private Limited v Sushanthi Housing Private Limited v CSVS Property Developers Private Limited v Vera Avenues Private Limited v Sri Raga Nivas Property Developers Private Limited v VSN Property Developers Private Limited v M A Property Developers Private Limited v Vara Infrastructure Private Limited v Sri Raga Nivas Ventures Private Limited v Mallelavanam Property Developers Private Limited v Sradha Real Estates Private Limited v Siripada Homes Private Limited v NJC Avenues Private Limited v NCC Urban Lanka (Private) Limited. v NCC Power Projects Limited [U40102AP2008PLC059628] v Himachal Sorang Power Limited v Al Mubarakia Contracting Company LLC v NCC International Kuwait LLC v Samashti Gas Energy Limited v NCC Infra Limited
Enterprises owned or significantly influenced by key management personnel or their relatives :	v NCC Blue Water Products Limited v Swetha Estates v NCC Finance Limited v Sirisha Memorial Charitable Trust v Shyamala Agro Farms Private Limited [U51219AP2002PTC038993] v Ranga Agri Impex Private Limited [U51229AP2002PTC038992] v NCC Foundation v Sirisha Projects Private Limited [U45200AP2005PTC045884] v Ruthvik Estates Private Limited v Narasimha Developers Private Limited v Mihika Agro Farms Private Limited v Lalit Agro Farms Private Limited v Bhuvanesh Realtors Private Limited v Arnesh Ventures Private Limited v Suguna Estates Private Limited v AVSR Holdings Private Limited

CAPITAL STRUCTURE

AS ON 31.03.2012

Authorised Capital :

No. of Shares	Type	Value	Amount
300,000,000	Equity Shares	Rs. 2/- each	Rs. 600.000 Millions

Issued :

No. of Shares	Type	Value	Amount
256,833,810	Equity Shares	Rs. 2/- each	Rs. 513.670 Millions

Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
256,583,810	Equity Shares	Rs. 2/- each	Rs. 513.170 Millions

Reconciliation of the number of equity shares and amount outstanding at the beginning and at the end of the year

Particulars	Number of shares	Amount in Millions
Balance at beginning of the year	256,583,810	513.170
Add: Allotted during the year	--	--
Balance at end of the year	256,583,810	513.170

Details of shares held by each shareholder holding more than 5% shares (excluding shares represented by underlying GDRs)

Particulars	Number of shares	% holding in that class of shares
Blackstone GPV Capital Partners Mauritius V-A Ltd.	25,399,699	9.90
Warhol Limited	25,384,700	9.89
HSBC Global Investment Funds	--	--
A V S R Holdings Private Limited	17,967,167	7.00
Government Pension Fund Global	14,321,067	7.00

Details of unsubscribed preferential issue

Particulars	Number of shares	Amount in Millions
Equity Shares of ` 2/- each	250,000	0.500

Details of Allotment of bonus shares during 5 years immediately preceding the Balance Sheet

The Company has allotted 103,368,530 Equity Shares of ` 2/- each in 2006-07 as fully paid up bonus shares in the ratio of 1:1 by capitalising ` 206.74 million from General Reserve.

Unclaimed equity shares of 97,265 are held in "NCC Limited - Unclaimed suspense account” in trust.

Rights of the share holders

a) The equity shares of the company having par value of ` 2/- per share, rank pari passu in all respects including voting rights and entitlement to dividend. Repayment of the capital in the event of winding up of the Company will inter alia be subject to the provisions of Companies Act 1956, the Articles of Association of the Company and as may be determined by the Company in General Meeting prior to such winding up.

b) 75,750 (31.3.2011: 52,750) equity shares represents the shares underlying outstanding Global Depositary Receipts (GDRs). Each GDRs represents 1 underlying equity shares having par value of ` 2/-. The GDRs, rank pari passu in all respects with the equity shares issued by the Company except in respect of voting rights.

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2012	31.03.2011	31.03.2010
SHAREHOLDERS FUNDS
1] Share Capital		513.170	513.170	513.170
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		23597.450	23273.640	21943.390
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		24110.620	23786.810	22456.560
LOAN FUNDS
1] Secured Loans		10335.360	12147.210	10499.260
2] Unsecured Loans		10222.080	11720.010	4802.560
TOTAL BORROWING		20557.440	23867.220	15301.820
DEFERRED TAX LIABILITIES		254.720	307.600	254.900
TOTAL		44922.780	47961.630	38013.280
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		7258.670	6745.350	5538.170
Capital work-in-progress		351.470	456.850	434.170
INVESTMENT		12401.900	12007.980	9411.670
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	12335.250	8960.280	7539.450
	Sundry Debtors	13072.270	14536.010	12994.550
	Cash & Bank Balances	646.310	1214.040	1996.760
	Other Current Assets	9094.280	7216.230	32.010
	Loans & Advances	25371.470	17541.360	18519.920
Total Current Assets		60519.580	49467.920	41082.690
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	12424.170	9035.030	9057.750
	Other Current Liabilities	22700.170	10969.050	8438.840
	Provisions	484.500	712.390	956.830
Total Current Liabilities		35608.840	20716.470	18453.420
Net Current Assets		24910.740	28751.450	22629.270
MISCELLANEOUS EXPENSES		0.000	0.000	0.000
TOTAL		44922.780	47961.630	38013.280

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2012	31.03.2011	31.03.2010
	SALES
		Income	52504.700	50737.320	47778.220
		Other Income	1205.720	1056.390	537.290
		TOTAL (A)	53710.420	51793.710	48315.510
Less	EXPENSES
		Cost of Materials Consumed	22007.370	18701.530
		Other Construction Expenses	24632.550	24679.510
		Changes in Inventories of Work in Progress	(2400.010)	(1137.290)
		Employee Benefits Expense	2401.870	2438.430
		Other Expenses	1869.640	1201.380
		TOTAL (B)	48511.420	45883.560	42937.280
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		5199.000	5910.150	5378.230
Less	FINANCIAL EXPENSES (D)		3839.990	2569.000	1322.420
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		1359.010	3341.150	4055.810
Less/ Add	DEPRECIATION/ AMORTISATION (F)		829.830	685.310	525.450
	PROFIT BEFORE TAX (E-F) (G)		529.180	2655.840	3530.360
Less	TAX (H)		169.360	1021.340	1204.210
	PROFIT AFTER TAX (G-H) (I)		359.820	1634.500	2326.150
Add	PREVIOUS YEARS’ BALANCE BROUGHT FORWARD		2719.200	2552.910	1735.720
Less	APPROPRIATIONS
		Proposed Dividend at ` 0.30 per share (15%)	76.970	256.580	333.560
		Dividend tax on proposed dividend	12.490	41.630	55.400
		Transfer to General Reserve	50.000	750.000	1000.000
		Transfer to Debenture Redemption Reserve	190.000	400.000	100.000
		Transfer to Contingency Reserve	0.000	20.000	20.000
	BALANCE CARRIED TO THE B/S		2749.560	2719.200	2552.910
	IMPORTS
		Material Purchases	41.820	6.940
		Capital Goods	66.490	157.540
	TOTAL IMPORTS		108.310	164.480	N.A.
	Earnings Per Share (Rs.)		1.40	6.37	9.50

QUARTERLY RESULTS

PARTICULARS	30.06.2012
	1^st Quarter
Sales Turnover	14720.530
Total Expenditure	13553.570
PBIDT (Excl OI)	1166.960
Other Income	234.960
Operating Profit	1401.920
Interest	931.310
Exceptional Items	0.000
PBDT	470.610
Depreciation	225.080
Profit Before Tax	245.530
Tax	79.390
Provision and Contingencies	0.000
Reported PAT	166.140
Extraordinary Items	0.000
Prior Period Expenses	0.000
Other Adjustments	0.000
Net Profit	166.140

KEY RATIOS

PARTICULARS		31.03.2012	31.03.2011	31.03.2010
PAT / Total Income	(%)	0.70	3.15	4.81
Net Profit Margin (PBT/Sales)	(%)	1.00	5.23	7.38
Return on Total Assets (PBT/Total Assets}	(%)	0.78	4.72	7.57
Return on Investment (ROI) (PBT/Networth)		0.02	0.11	0.15
Debt Equity Ratio (Total Liability/Networth)		2.33	1.87	1.50
Current Ratio (Current Asset/Current Liability)		1.69	2.38	2.22

LOCAL AGENCY FURTHER INFORMATION

Sr. No.	Check List by Info Agents	Available in Report (Yes / No)
1]	Year of Establishment	Yes
2]	Locality of the firm	Yes
3]	Constitutions of the firm	Yes
4]	Premises details	No
5]	Type of Business	Yes
6]	Line of Business	Yes
7]	Promoter's background	Yes
8]	No. of employees	Yes
9]	Name of person contacted	No
10]	Designation of contact person	No
11]	Turnover of firm for last three years	Yes
12]	Profitability for last three years	Yes
13]	Reasons for variation <> 20%	--
14]	Estimation for coming financial year	No
15]	Capital in the business	Yes
16]	Details of sister concerns	Yes
17]	Major suppliers	No
18]	Major customers	No
19]	Payments terms	No
20]	Export / Import details (if applicable)	No
21]	Market information	--
22]	Litigations that the firm / promoter involved in	--
23]	Banking Details	Yes
24]	Banking facility details	Yes
25]	Conduct of the banking account	--
26]	Buyer visit details	--
27]	Financials, if provided	Yes
28]	Incorporation details, if applicable	Yes
29]	Last accounts filed at ROC	Yes
30]	Major Shareholders, if available	Yes
31]	Date of Birth of Proprietor/Partner/Director, if available	Yes
32]	PAN of Proprietor/Partner/Director, if available	Yes
33]	Voter ID No of Proprietor/Partner/Director, if available	No
34]	External Agency Rating, if available	Yes

Note: The registered office of the company has been shifted from 41, Nagarjuna Hills, Punjagutta, Hyderabad – 500082, Andhra Pradesh, India to the present w.e.f.01.12.2011

OPERATIONAL PERFORMANCE

The Company posted a turnover of Rs. 52504.70 million for the year ended 31st March, 2012 as against Rs. 50737.32 million in 2010-11. Gross Profit reduced from Rs. 5910.15 million in 2010-2011 to 5199.00 million in 2011-12. After deducting interest of Rs. 3839.99 million, providing a sum of Rs. 829.83 million towards depreciation and income tax provision of Rs. 169.36 million, the operations resulted in a net profit of Rs. 359.82 Million as against Rs. 1634.50 million in 2010 - 11. The increase in interest costs, increase in the cost of major items of raw material increase in administration costs and other over heads were the main reasons for the decline in the profits.

SUBSIDIARY COMPANIES

The Company has 45 (forty five) subsidiaries (including step down subsidiaries) as on March 31, 2012. There was no material change in the nature of the business of the subsidiaries. A statement pursuant to Section 212 of the Companies Act, 1956, containing the details of the subsidiaries of the Company, is appended to this Report.

The brief profiles of the major subsidiaries of the Company which are into infrastructure development, real estate and urban infrastructure development, power and the international subsidiaries are detailed here in below.

NCC INFRASTRUCTURE HOLDINGS LIMITED (NCCIHL)

NCCIHL is an infrastructure development company promoted by your Company as a wholly owned subsidiary for undertaking investments in infrastructure projects and also for development of Infrastructure Projects independently and through Government concessions, largely focusing on long term infrastructure projects with stable revenue streams.

NCCIHL has made investments in the Energy and Transportation sectors. Currently NCCIHL has five road projects, two Hydro Power Projects and one Thermal Power project under its fold. The execution of all the five road projects were completed and the commercial operations have commenced. During the year NCCIHL has participated in the bids for new Road Projects and Transmission Lines Projects under BOT /BOOT / BOOM basis. NCCIHL reported a turnover of Rs. 46.37 million and which has resulted in a Net Loss of Rs. 102.29 million for the year ended 31st March, 2012.

NCC URBAN INFRASTRUCTURE LIMITED (NCC URBAN)

NCC Urban is a Subsidiary of the Company primarily focusing on Urban Infrastructure Projects such as development of Residential and Commercial complexes, SEZs, Integrated Townships. The Company has been certified for: ISO 9001 : 2000, ISO 14001 : 2004 & OHSAS 18001 : 1999. NCC Urban has developed / is developing various real estate projects in Hyderabad, Bangalore, Mysore, Chennai, Ranchi, Kochi, Visakhapatnam, Guntur, etc., NCC Urban has reported a consolidated turnover of ` 1853.47 million and earned a Net Profit of ` 44.59 million for the year ended 31st March, 2012.

NCC POWER PROJECTS LIMITED (NCCPPL)

As the Members are aware Nelcast Energy Corporation Limited, (NECL) which is executing the 2X660 MW Thermal Power Project at Krishnapatnam near Nellore was acquired by NCC PPL. The said NEL was merged with NCCPPL during the year. The Project achieved financial closure on 4th June, 2011. The total project cost is estimated to be Rs. 70470.000 Millions and is to be funded with an equity of Rs. 17620.000 Millions and debt of Rs. 52850.000 Millions. NCC and its Wholly Owned Subsidiary i.e. NCCIHL together hold 55% of the equity in the project company and the balance 45% is held by the Gayatri Group of companies. The project company had awarded the EPC contract to NCC and the Civil Construction works have commenced recently.

The 2X 660 MW Thermal Power Project being developed by NCCPPL at Sompeta has suffered a setback on account of local issues. The environmental clearance granted for the project was suspended and the Company had filed an appeal before the National Green Tribunal (NGT). NGT vide its order passed on 23.05.2012 among others had directed holding of a fresh Public Hearing. The Company is examining the implications arising out of the orders passed by the NGT and after obtaining professional opinion will initiate appropriate action. In pursuance of the Memorandum of Understanding between the Shareholders the project assets including the approvals relating to the power project at Sompeta have been demerged into a separate Partnership firm viz. NCC Power Project (Sompeta).

HIMACHAL SORANG POWER LIMITED

Himachal Sorang Power is a subsidiary of the Company and is engaged in the implementation of the 100 MW run of the River Hydro electric Project by utilizing the waters of the river Sorang, a tributary of the river Sutlej. The project is under execution and the commercial operations are expected to commence by the end of December, 2012.

MANAGEMENT DISCUSSION AND ANALYSIS

ECONOMY

India's gross national product (GDP) grew at a slower pace of 6.5 per cent in 2011-12, against the earlier projected 6.9 per cent, pulled down by lower growth in the manufacturing, service and communication sectors.

The downward revision in the GDP growth rate has been mainly on account of lax performance by sectors like manufacturing and trade, hotels, transport and communication. This slowdown has been due mainly to the tight money policy that pushed up interest costs for businesses and the weak global sentiment that affected growth in domestic private investment. The domestic investment sentiments have also in turn been affected by the environmental policy bottlenecks in the mining sector

The decline in overall growth was despite an upward revision in agricultural production which has shown a growth rate of 2.8 per cent, against the advance estimates of 2.5 per cent. Gross national income

GROSS NATIONAL INCOME

(GNI) of the country (at factor cost at 2004-05 prices) is now estimated at Rs. 51506860.000 Millions up from Rs. 48331780.000 Millions in 2010-11. In terms of growth rates, gross national income of the country is estimated to have risen by 6.6 per cent during 2011-12 compared to the growth rate of 7.9 per cent in 2010-11. Gross national income at factor cost at current prices is now estimated at Rs. 81489520.000 Millions for 2011-12, against Rs. 70785120.000 Millions during 2010-11, showing a rise of 15.1 per cent.

PER CAPITA NET NATIONAL INCOME

The per capita net national income in real terms (at 2004-05 prices) during 2011-12 is estimated to have reached Rs. 378510.000 Millions against Rs. 359930.000 Millions in 2010-11. The growth rate in per capita income is estimated at 5.2 per cent during 2011-12 against 6.4 per cent during 2010-11. The per capita net national income at current prices during 2011-12 is estimated to have reached Rs. 0.061 Million up 13.6 per cent from the quick estimates of Rs. 0.053 Million for the year 2010-11.

CONSTRUCTION AND INFRASTRUCTURE

At the constant prices (2004-05), the construction sector showed a growth of 5.3 percent in 2011- 12 compared to 8.0 percent growth in 2010-11. It contributed 7.8 percent to the GDP at constant prices as compared to 7.9 percent in 2010-11.

Opportunities for the construction sector arise from investments in the infrastructure sector comprising transportation (development of roads, airports, ports and railways), energy (thermal and hydroelectric power), irrigation, telecom, urban infrastructure and industrial capex (from sectors such as autos/auto-ancillaries, textiles, steel, cement and hydrocarbon).

Based on current announcements, infrastructure spending in the XIIth five year plan (April 2012-17) is expected to be to the tune of USD 1 trillion. Assuming a construction intensity of 50-55%, this theoretically translates into an opportunity of USD 500 billion for the construction industry over 2012-17.

The large planned investment in infrastructure would require significant capital mobilization and banks, the dominant source of debt funding for infrastructure projects, would not be able to meet the sector’s increasing requirements given their limitations related to sector/group exposure norms and asset-liability mismatches.

Recent policy initiatives such as creation of Infrastructure Debt Funds (IDFs) and the role of India Infrastructure Finance Company Limited (IIFCL) are steps in the right direction to channelise long-term debt funds to the infrastructure sector. Companies have suffered increased working capital cycles due to delays in realizing payments from clients; piling work-in-progress due to delayed certification by clients. Labour shortages and government welfare schemes such as the National Rural Employment Guarantee Scheme have resulted in higher labour costs. Slower pace of execution and higher input and labour costs affected the operating profits of construction companies while high interest costs clubbed with higher debt eroded their net profits.

Due to the intense competition and pressure on margins in the core construction business coupled with focus towards executing infrastructure development projects on a PPP mode, most construction companies have undertaken forward integration into the infrastructure asset ownership space by bidding for projects such as toll roads, power projects, etc. on a Build-Operate-Transfer (BOT) basis. Many construction companies have actively sought to dilute stakes in SPVs to private equity participants in order to fund equity commitments in their underconstruction projects. However, given the current macroeconomic environment, companies may find it challenging to attract external investments into their projects at mutually agreeable terms.

Despite their healthy unexecuted order books, almost all construction companies are plagued by a number of slow-moving orders due to issues related to land acquisition; securing requisite clearances; labour shortage and other sector specific issues such as payment issues plaguing irrigation projects in Andhra Pradesh and issues faced by power projects. The slowdown in the pace of execution can be gauged by the quantum of stalled projects, which has been steadily increasing since September 2010.

INDUSTRY OVERVIEW

ROADS

In 2011-12, 7,957 Kms of new road projects have been awarded, which is 54% growth over 5,166kms of road projects awarded in 2010-11.

The ministry managed to award 7957kms of road projects in 62 projects. This comprises of 6491km by NHAI (49 projects) and 1466kms (13 projects) through state agencies. The project costs for these entire projects total to a whopping Rs. 680000.000 Millions which is the highest ever. The effect of these projects on the economy will be felt in the coming years and this will give tremendous boost to the economy.

A very significant aspect of the success story of FY 2011-12 has been the state agencies (PWDs and State Road Development Corporations) making a giant leap in awarding projects under public private partnership (PPP) under NHDP and Ministry of Finance’s VGF scheme. The capacity building of the states in this field augurs well for the road sector.

For FY13, MoRTH is targeting to award 8,800 kms of road projects out of which bids of 1,500 kms of road project are already under evaluation or due. NHAI has now completely switched to e-tendering. All the concession documents, the CVs of the supervision consultants, engineers have been placed on the web site. This will bring complete transparency and objectivity in the tendering process.

This year for ensuring smooth traffic flow on the tolled roads, ministry has taken a important initiative of implementing electronic toll collection.

BUILDINGS AND HOUSING & REAL ESTATE

The real estate sector in India is being recognised as an infrastructure service that is driving the economic growth of the country.

Foreign direct investment (FDI) in the sector is expected to increase to US$ 25 billion in the next 10 years, from present US$ 4 billion, according to a latest industry body report.

As per a report released by the McKinsey Global Institute (MGI) – on April 2010, the country's urban population will soar to 590 million by 2030, from 340 million in 2008. India's cities could generate 70 percent of the net new jobs created by 2030, produce more than 70 percent of the country's gross domestic product (GDP), and stimulate a near four-fold increase in per capita income.

It also says that India needs to invest US$ 1.2 trillion over next 20 years to modernise urban infrastructure and keep pace with the growing urbanisation.

FDI flows into housing and real estate in April-March 2011-12 stood at US$ 731 million, according to the Department of Industrial Policy and Promotion (DIPP). Housing and real estate sector including cineplex, multiplex, integrated townships and commercial complexes etc, attracted a cumulative foreign direct investment (FDI) worth US$ 11,168 million from April 2000 to April 2012

WATER & ENVIRONMENT

The growth in population, increasing urbanization and rising standards of living have contributed to an increase in the quantity of Municipal Solid Waste (MSW) generation in the country. India produces around 70 Million tons of MSW annually, of which at present less than 5% is processed scientifically. Given the scarcity of urban land for scientific waste disposal there is the common prevailing practice of open dumping with most of the dumpsites overflowing in our cities. Due to this practice waste continues to be one of the biggest public health, environmental, and land use challenges in urban India.

The XIth Five Year Plan of India (2007- 2012), estimated total fund requirement for implementation of the Plan target in respect to urban water supply, sewerage and sanitation, drainage and solid waste management at Rs. 0.129 Million crores.

Till date forty (40) SWM projects have been sanctioned under JNNURM with a total outlay of Rs. 21860.000 Millions. Most of these resources have gone towards creating capital assets with insufficient emphasis on Operations and Management (O&M).

A study by the CII estimates that between 2011 and 2020 India will need 990 billion USD for urban services of which 170 billion USD are for water supply (30), sewerage and Sanitation (40) and Transport (100).In Indian rupees this amounts to 1, 35,000 crores for water; 1, 80,000 crore for sewerage and sanitation and 4, 50,000 crores for transport.

A similar study by McKinsey Global Institute puts the requirement for urban infrastructure at Rs. 5.300 Millions Crores over next 20 years.

IRRIGATION

MMI and CAD projects form the backbone of the country’s water and agricultural economy. Their contribution to national food security is vital and hence sustainable improvement in their utilization and management is critical for national water security. There is a growing gap between irrigation potential created (IPC) and irrigation potential utilized (IPU), which is a major area of national concern

To close this gap, during the 12th plan specific targets has been identified like:

v Reducing the gap between IPC and IPU by 10 million hectare (mha) through CAD etc.

v Increasing the MMI irrigated area served by volumetric water delivery and irrigation service contracts to 1 million ha.

v Creation of additional irrigation potential of about 7.9 mha

v Improving water use efficiency from current level of about 30% to about 36%, etc

Therefore, during the 12th plan, a outlay of Rs. 3419000.000 Millions is recommended for the MMI sector of which Rs. 2086000.000 Millions would be in the state sector and Rs. 1333000.000 Millions would be in the central sector.

An Irrigation Management Fund of Rs. 100000.000 Millions has also been proposed.

ELECTRICAL

The Power Sector staged a turnaround of sorts during FY 2011-12 with exceeding the capacity addition targets set by Power Ministry by nearly 17%. This is a welcome reversal of trend in the power sector. It witnessed only 60% target achievement during FY 2010-11. During the 11th five year plan, a total capacity of 54,964 MW, or 260% of the capacity added during the entire 10^th plan, has been achieved in the country which is a very welcome change

OPPORTUNITIES AND STRENGTHS

The company at present has eleven divisions comprising the following:

1. Buildings and Housing

2. Roads

3. Water and Environment

4. Electrical

5. Irrigation

6. Oil & Gas

7. Metals

8. Power

9. International

10. Mining

11. Railways

They have one of the most diversified business portfolios which will help us in mitigating the risk of slowdown in any one particular division. With the starting of the four new divisions comprising of Oil and Gas, Metals, Railways and Mining, the business mix of the company has under gone a substantial modification. During the last 32 years, we executed various construction projects all over the country. The client list of the Company includes reputed organizations in public and private sectors. The Company has developed excellent engineering, planning and project execution skills during this period along with a pool of talented and skilled employees with their continued emphasis on training and adopting new technology at the earliest.

It is well recognized for quality consciousness and timely completion of the projects without cost over-run. The track record of the Company and proven skills of its employees at various levels will be useful in further improving the performance of the Company in the years to come.

During the year, the company has bagged new orders valued at Rs. 101 billion and executed projects worth ` 61 billion. The order book of\ the company as on 31st March 2011 stood at Rs. 201.95 billion.

FINANCIAL PERFORMANCE (NCCL STAND ALONE)

1) Share capital: During the year no change in share capital.

2) Reserves and surplus: The Reserves and surplus of the Company has gone up from Rs. 23.27 billion to Rs. 23.60 billion in 2011-12 and the entire increase is on account of profits made in 2011-12.

3) Net worth: The Company's net worth increased from Rs. 23.79 billion to Rs. 24.11 billion on account of internal\ generation of profits.

4) Borrowings (Long-Term and Short- Term): There was a decrease in loans from Rs. 24.84 billion to Rs. 22.34 billion, due to repayment of Rs. 2.50 billion loans during the year.

5) Assets: a) Fixed assets: The Company's fixed assets (gross block and Capital WIP) increased by Rs. 1.05 billion in 2011-12 from Rs. 9.69 billion to Rs. 10.74 billion.

The net block including Capital WIP stands at Rs. 7.61 billion as of 31.03.2012 as against Rs. 7.20 billion in the previous year

b) Investments: The investments increased by Rs. 0.39 billion, from Rs. 12.01 billion to Rs. 12.40 billion during the year 2011.-12

c) Inventories: The Company's inventories stand at Rs. 12.34 billion as against Rs. 8.96 billion of previous year

d) Trade Receivables: The company’s Trade Receivables decreased by Rs. 1.47 billion in 2011-12 from Rs. 14.54 billion to Rs. 13.07 billion.

e) Loans and advances (Long-Term and Short-Term): Loans and advances increased from Rs. 17.54 billion to Rs. 25.37 billion during the year. The increase represents the advances made to subsidiaries and Suppliers besides increase in advance taxes.

f) Other Non-Current and Other Current Assets: Other Non-Current and Other Current Assets increased from Rs. 7.21 billion to Rs. 9.10 billion during the year mainly due to increase in retention money.

OPERATIONAL PERFORMANCE

a) Revenue from Operations: There has been an increase in the Revenue from operations of the Company from Rs. 50.74 billion to Rs. 52.50 billion, registering a growth of 3.5% over the previous year.

b) Other Income: The other income of the company increased from ` 1.06 billion to ` 1.21 billion. Other income comprises of Interest on advances, interest on bank deposits and miscellaneous income.

c) Direct cost: The direct cost for the year works out to 84.27% of the turnover as against 83.25 % last year.

d) Overheads: Overheads, comprising salaries and administrative expenses, work out to Rs. 4.27billion for the year as against ` 3.64 billion in the previous year.

e) Interest cost: The interest cost is stated before adjusting interest income. During the year under review, there was an increase in the interest cost by Rs. 1.27 billion from Rs. 2.57 billion to Rs. 3.84 billion. The interest cost has gone up from 5.07% to 7.31% on total revenue and the increase was mainly on account of increase in the rate of interest.

f) Depreciation: The Company's depreciation for the year has increased from Rs. 0.69 billion to Rs. 0.83 billion.

g) Provision for tax: The Company has provided for a sum of ` 0.22 billion as current tax as against Rs. 0.97 billion in the previous year.

h) Net profit: The Company's operations during the year have resulted in a net profit of Rs. 0.36 billion as against Rs. 1.63 billion in the previous year.

i) Dividend: The Board of Directors have recommended a dividend of ` 0.30 per share (15%) and the total payout works out to Rs. 76.97 million as against Rs. 256.58 million in the previous year.

STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30^TH JUNE, 2012

(Rs. in Millions)

Particular	Quarter Ended
	30.06.2012 (Unaudited)
Income from Operations
Net Sales/Income from Operations	14720.530
Other Operating Income	0.000
Total Income from operations (net)	14720.530
Expenses
(a) Cost of material consumed	6671.070
(b) Increase/ (Decrease) in stock-in-trade and work-in-progress	(1174.240)
(c) Other construction expenses	1429.420
(d) Job work charges	1141.140
(e) Sub-contractor work hills	4461.950
(f) Employee benefit expenses	614.090
(g) Depreciation and amortation expenses	225.080
(h) Other Expenses	410.140
Total Expenses	13778.650
Profit from Operations before Other Income, Finance costs and Exceptional item	941.880
Other Income	234.960
Profit/ Loss from Ordinary Activities before Finance costs and Exceptional item	1176.840
Finance costs	931.310
Profit/ Loss from Ordinary Activities after Finance costs but Exceptional item	245.530
Exceptional item	--
Profit/ Loss from Ordinary Activities before tax	245.530
Tax Expenses	79.390
Net Profit/ Loss from Ordinary Activities after tax	166.140
Extraordinary Items	--
Net Profit for the period	166.140
Share of Profit/ (Loss) from Associate Companies	--
Minority Interest	--
Net Profit after taxes, minority interest and share of profit/ (loss) of associates	166.140
Paid- up Equity Share Capital (Face value of the share – Rs. 10)	513.168
Paid- up Debt Equity	--
Reserves excluding revaluation reserves as per balance sheet of Previous Accounting Year	--
Debenture Redemption reserve	--
Earnings per share (before extraordinary items) (of Rs. 10/- each) (not annualized) - Basic and Diluted	0.65
PARTICULARS OF SHAREHOLDING
1. Public shareholding
Number of Shares	204558520
Percentage of Shareholding	79.74%
2. Promoters and promoter group shareholding
a) Pledged/Encumbered
- Number of Shares	34846180
- Percentage of Shares (as a % of the Total Shareholding of promoter and promoter group)	67.03%
- Percentage of Shares (as a % of the Total Share Capital of the Company)	13.68%
Non - encumbered
- Number of Shares	17139410
- Percentage of Shares (as a % of the total shareholding of promoter and promoter group)	32.97%
- Percentage of Shares (as a % of the total share capital of the company)	6.68%

	Particulars	Quarter Ended 30.06.2012
B	Investor complaints
	Pending at the beginning of the quarter	Nil
	Received during the quarter	49
	Disposed of during the quarter	49
	Remaining unresolved at the end of the quarter	Nil

Notes:

1. The above results have been reviewed by the Audit Committee and approved by the Board of Director of the Company at its meeting held on 9^th August, 2012.

2. The company’s operations consist of Construction/ Project activities and there are no other reportable segments under Accounting Standard 17.

3. The Statutory Auditors have carried out limited review of the Standalone Unaudited financial results for the quarter ended 30^th June 2012.

4. The Consolidated Financial Results include results of all the Subsidiaries, Associates and Joint Ventures of NCC Limited and are proposed in accordance with AS-21, “Consolidated Financial Statements”, AS-23, “Accounting for Investments in Associates in Consolidated Financial Statements” and AS-27 – “Financial Reporting of Interests in Joint Ventures”.

5. Figures for the quarter ended 31^st March, 2012 are the balancing figures between the audited figures in respect of the full financial year ended 31^st March, 2012 and the published figures for the nine months ended 31^st December, 2011

6. Figures have been regrouped to facilitate comparison wherever necessary.

BANKERS CHARGES REPORT AS PER REGISTRY

Corporate identity number of the company	L72200AP1990PLC011146
Name of the company	NCC LIMITED
Address of the registered office or of the principal place of business in India of the company	NCC House, Madhapur, Hyderabad - 500081, Andhra Pradesh, India Email: ho.secr@nccltd.in
This form is for	Modification of charge
Charge identification number of the modified	10377011
Type of charge	Immovable Property
Particular of charge holder	Vijaya Bank, Somajiguda Branch, Opposite C E Office PWD, Yerramanzil, Hyderabad – 500082, Andhra Pradesh, India Email: hyd.ro9111@vijayabank.co.in
Nature of description of the instrument creating or modifying the charge	Memorandum of Deposit of Title Deeds dated 21st September,2012
Date of instrument Creating the charge	21.09.2012
Amount secured by the charge	Rs. 1000.000 Millions
Brief particulars of the principal terms an conditions and extent and operation of the charge	Rate of Interest 12.50% Terms of Repayment 12 months Margin Not Applicable Extent and Operation of the charge The Charge is created as collateral security on Immovable properties as mentioned in Memorandum of Deposit of Title Deeds dated 21.09.2012 for securing the Short Term Loan of Rs.1000.000 Millions sanctioned by the Vijaya Bank
Short particulars of the property charged	Collateral Charge on 4 Acres 37 guntas of Land in survey No.371/A,372/A and 371/E situated at Gajularamaram village, Quthbullapur Mandal, Ranga Reddy District
Particulars of the present modification	Creation of additional security vide Memorandum of Deposit of Title Deeds dated 21.09.2012 in addition to the charge created by Deposit of Title of Deeds dated 10.09.2012 for securing the Short Term Loan of Rs.1000.000 Millions sanctioned by the Vijaya Bank

CONTINGENT LIABILITIES

(Rs. in Millions)

(a) Claims against the company not acknowledged as debt	31.03.2012	31.03.2011
- Disputed sales tax liability for which the Company preferred appeal	687.180	315.010
- Disputed central excise duty relating to cement plant, which was sold in earlier year, for which the Company has filed an appeal to CESTAT, Bangalore	--	29.730
- Disputed central excise duty relating to clearance of goods of LED division in favour of Developers of SEZ, for which the Company has filed an appeal to CESTAT, Bangalore	1.170	1.170
- Disputed service tax liability for which the Company preferred appeal	405.770	318.220
- Disputed sole arbitrator award in case of counter claim by Bhartiya Reserve Bank Note Mudran Private Limited, against which the Company has filed appeal before City Civil Court, Bangalore	30.000	30.000
- Others	9.780	3.630
- Joint and several liability in respect of joint venture projects and liquidated damages in respect of delays in completion of projects	Amount not ascertainable	Amount not ascertainable
- Levy of labour cess @ 1% (w.e.f. July 2007) on the construction contracts executed by the Company in the State of Andhra Pradesh contested before the Hon’ble High Court of Andhra Pradesh	Amount not ascertainable	Amount not ascertainable
(b) Guarantees
Counter Guarantees given to the Bankers *	669.630	180.000
Performance guarantees, given on behalf of Subsidiaries *	349.090	341.690
Corporate Guarantees given to Banks and Financial institutions for financial assistance extended to Subsidiaries.	14,649.600	15,286.620
*Excludes Guarantees given against Company's liabilities, in terms of Guidance Note on Revised Schedule VI, issued by the Institute of Chartered Accountants of India.

FIXED ASSETS

Tangible Assets

v Land – Freehold

v Buildings Own

v Given under operating lease

v Plant and Equipment

v Furniture and Fixtures

v Construction Vehicles

v Office Vehicles

v Office Equipment

v Lease Hold Improvements

v Construction Accessories

Intangible Assets

v Computer Software

CMT REPORT (Corruption, Money Laundering & Terrorism]

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

1] INFORMATION ON DESIGNATED PARTY

No exist designating subject or any of its beneficial owners, controlling shareholders or senior officers as terrorist or terrorist organization or whom notice had been received that all financial transactions involving their assets have been blocked or convicted, found guilty or against whom a judgement or order had been entered in a proceedings for violating money-laundering, anti-corruption or bribery or international economic or anti-terrorism sanction laws or whose assets were seized, blocked, frozen or ordered forfeited for violation of money laundering or international anti-terrorism laws.

2] Court Declaration :

No records exist to suggest that subject is or was the subject of any formal or informal allegations, prosecutions or other official proceeding for making any prohibited payments or other improper payments to government officials for engaging in prohibited transactions or with designated parties.

3] Asset Declaration :

No records exist to suggest that the property or assets of the subject are derived from criminal conduct or a prohibited transaction.

4] Record on Financial Crime :

Charges or conviction registered against subject: None

5] on Violation of Anti-Corruption Laws :

Charges or investigation registered against subject: None

6] Records on Int’l Anti-Money Laundering Laws/Standards :

Charges or investigation registered against subject: None

7] Criminal Records

No available information exist that suggest that subject or any of its principals have been formally charged or convicted by a competent governmental authority for any financial crime or under any formal investigation by a competent government authority for any violation of anti-corruption laws or international anti-money laundering laws or standard.

8] Affiliation with Government :

No record exists to suggest that any director or indirect owners, controlling shareholders, director, officer or employee of the company is a government official or a family member or close business associate of a Government official.

9] Compensation Package :

Our market survey revealed that the amount of compensation sought by the subject is fair and reasonable and comparable to compensation paid to others for similar services.

10] Press Report :

No press reports / filings exists on the subject.

CORPORATE GOVERNANCE

MIRA INFORM as part of its Due Diligence do provide comments on Corporate Governance to identify management and governance. These factors often have been predictive and in some cases have created vulnerabilities to credit deterioration.

Our Governance Assessment focuses principally on the interactions between a company’s management, its Board of Directors, Shareholders and other financial stakeholders.

CONTRAVENTION

Subject is not known to have contravened any existing local laws, regulations or policies that prohibit, restrict or otherwise affect the terms and conditions that could be included in the agreement with the subject.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs. 53.59
UK Pound	1	Rs. 85.81
Euro	1	Rs. 69.91

INFORMATION DETAILS

Report Prepared by :

BVA

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	6
PAID-UP CAPITAL	1~10	6
OPERATING SCALE	1~10	7
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	7
--PROFITABILIRY	1~10	7
--LIQUIDITY	1~10	6
--LEVERAGE	1~10	6
--RESERVES	1~10	7
--CREDIT LINES	1~10	7
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	NO
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	YES
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		59

This score serves as a reference to assess SC’s credit risk and to set the amount of credit to be extended. It is calculated from a composite of weighted scores obtained from each of the major sections of this report. The assessed factors and their relative weights (as indicated through %) are as follows:

Financial condition (40%) Ownership background (20%) Payment record (10%)

Credit history (10%) Market trend (10%) Operational size (10%)

RATING EXPLANATIONS

RATING		STATUS	PROPOSED CREDIT LINE
>86	Aaa	Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums	Unlimited
71-85	Aa	Possesses adequate working capital. No caution needed for credit transaction. It has above average (strong) capability for payment of interest and principal sums	Large
56-70	A	Financial & operational base are regarded healthy. General unfavourable factors will not cause fatal effect. Satisfactory capability for payment of interest and principal sums	Fairly Large
41-55	Ba	Overall operation is considered normal. Capable to meet normal commitments.	Satisfactory
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small
11-25	Ca	Adverse factors are apparent. Repayment of interest and principal sums in default or expected to be in default upon maturity	Limited with full security
<10	C	Absolute credit risk exists. Caution needed to be exercised	Credit not recommended
-	NB	New Business	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.