200909 - Quarter 2

Status of Investor Complaints for the quarter ended September 30,
2009

Complaints Pending at
the beginning of the quarter		Nil

Complaints Received during
the quarter
				31

Complaints disposed off during the quarter
			31

Complaints unresolved at the
end of the quarter 		Nil

1. The above results have been
reviewed by the Audit Committee and
approved at the meeting of the Board of Directors held on October 31,
2009.

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 Un-audited financial results for the quarter
and half year ended September 30,
2009.

4. The Company has raised an amount of Rs.36735 lakhs by
issuing 27732900 Equity shares
of Rs.2/- each at a premium of Rs. 130.46 per share to Qualified
Institutional Buyers
(QIB´s) on QIP basis. The shares were alloted on September
03, 2009. The amount raised
has been utilised for repayment of short term loans-Investment in
SPV´s and working
capital.

5. The Company has raised an amount of Rs. 10000
Lakhs by way of Secured
Non-convertible Debentures during the Half year ended September 30,
2009, the amount has been
utilised for working capital and repayment of loans.

6. The
Company has entered into an
agreement for sale of shares held by it in Gautami Power Ltd for a
consideration Rs.11263.50 lakhs.
As per the terms of agreement the transfer of shares will take place
in December 09. Accordingly
profit on sale of investment of Rs 5006 lakhs has not been recognised
in the above
results.

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

A Ranga Raju
Managing Director