Climate Change Data

Environmental Metrics

ESG Focus Areas

• Safety
• Community Investment
• Employee Well-being
• Sustainability

Environmental Achievements

• Not disclosed

Social Achievements

• Gammon Springs volunteers donated 650 kgs of foodgrains to Help Age India and 500 kgs to Vatsalya Foundation.
• Blood donation camp held at Head Office.

Governance Achievements

• Corporate Sustainability Policy established.
• Introduction of Variable Pay component to reward performance.

Climate Goals & Targets

Environmental Challenges

• Tsunami in December 2004 impacted the Kalpakkam project.

Mitigation Strategies

• Gammon India’s senior officials stayed in the workers’ colony to re-instill confidence after the tsunami, enabling work resumption.

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: Null

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• Not disclosed

Environmental Metrics

ESG Focus Areas

• Health
• Safety
• Environment
• Quality
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Successfully completed the construction of a major bridge across the Kosi River in Bihar, mitigating environmental challenges posed by the river's unpredictable nature.

Social Achievements

• Celebrated 'Safety Month' in November 2012 across all project sites, workshops, and offices, raising awareness about construction safety.
• Conducted an interactive workshop in Nagpur in October 2012 to discuss issues related to plant and equipment, resulting in suggestions for improvement.

Governance Achievements

• Implemented an Integrated Management System (IMS) policy encompassing health, safety, environment, and quality.
• Established a Corporate Sustainability Policy emphasizing accountability to stakeholders and promoting sustainable social, environmental, and economic benefits.

Climate Goals & Targets

Environmental Challenges

• Highly unpredictable nature of the Kosi River, posing significant challenges to bridge construction.
• Limited working period of four to five months a year due to monsoon season.
• Diversion of five small streams of the Kosi River towards the main stream.
• Access challenges to the bridge site due to floods and alignment issues with villagers.
• Unexpected shifting of the Kosi River's course during construction.

Mitigation Strategies

• Developed a comprehensive strategy for bridge construction, including phased execution over three seasons.
• Established excellent liaisoning with villagers and administration to manage alignment issues and erosion.
• Implemented a modified diversion scheme using satellite images and field surveys to redirect the river's flow.
• Used innovative techniques such as coffer dams and pilot channels to manage the river's unpredictable flow.
• Developed indigenous segment launching system and strengthened supporting brackets using carbon laminates and fibers.

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks

• Flooding

Reporting Standards

Frameworks Used: ISO 9001, ISO 14001, OHSAS 18001

Environmental Metrics

ESG Focus Areas

• Health
• Safety
• Environment
• Quality
• Corporate Social Responsibility (CSR)

Environmental Achievements

• Not disclosed

Social Achievements

• Achieved 20 Million Safe Man Hours free of reportable accident at Jindal Civil Works, Bellary, Karnataka
• ISKCON Project awarded prestigious CII award for exemplary HSE performance
• Various other projects achieved significant accident-free man-hours (e.g., Malwa NDCT & Chimney, Munger Bridge, etc.)

Governance Achievements

• Implementation of Integrated Management System (IMS)

Climate Goals & Targets

Environmental Challenges

• Space constraints at Tiroda Thermal Power Project site
• Initial delays in drawing issuance at Tiroda project
• Monsoon interruptions during chimney erection at Tiroda project
• Challenges in high-precision fabrication work at Muthiara TPP (e.g., wharfing/distortion of columns, chamber formation due to excess heat)
• Managing a large workforce (over 5000 workers at Tiroda project)

Mitigation Strategies

• Optimum space utilization at Tiroda project
• Teamwork and efficient execution to overcome drawing delays at Tiroda project
• Innovative methodology for simultaneous erection of two flues at Tiroda project
• Corrective measures for column wharfing and chamber formation at Muthiara TPP
• Effective safety measures and induction programs at Tiroda project
• Use of screw-fixed welding jigs for mass production at Muthiara TPP

Supply Chain Management

Supplier Audits: Not disclosed

Responsible Procurement

• Not disclosed

Climate-Related Risks & Opportunities

Physical Risks

• Not disclosed

Transition Risks

• Not disclosed

Opportunities

• Not disclosed

Reporting Standards

Frameworks Used: Null

Certifications: ISO 9001, ISO 14001, OHSAS 18001

Third-party Assurance: Not disclosed

UN Sustainable Development Goals

• Not disclosed

Not disclosed

Sustainable Products & Innovation

• Not disclosed

Awards & Recognition

• CII Award for exemplary HSE performance
• JSW Safety Award for achieving 20 Million Safe Man Hours
• ACCEI Award for Excellence in Construction of Industrial Structures
• Godrej Safety Award (First Position)

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Inadequate capital
• Slow and delayed projects
• Sticky receivables
• Lack of speedy and proper dispute resolution mechanism
• Slow moving or stalled projects
• Bureaucratic delays in awarding projects
• Delays in land acquisition
• Higher working capital cycles
• Highly leveraged balance sheets
• Mounting interest burden
• Non-availability of timely finance
• Low order intake
• Slow monetization of assets
• Severe liquidity crunch

Mitigation Strategies

• Corporate Debt Restructuring (CDR)
• Strategic Debt Restructuring (SDR)
• Carving out T&D and Civil EPC businesses
• Monetization of non-core assets
• Streamlining business processes
• Discussions with clients for timely project execution
• Realising long pending receivables, arbitration awards and retention moneys
• Optimizing working capital and establishment costs
• Reinforcing job selection filters and procedures
• Negotiating with vendors for better commercial terms and credit facilities
• Arranging additional working capital finance
• Exploring options for strategic restructuring
• Disposing of non-core assets

Supply Chain Management

Climate-Related Risks & Opportunities

Environmental Metrics

Social Achievements

• Safety Award received for achieving 2 million safe man hours at VallurThemalPowe Plant site.
• Gomti Riverfront Development Project completed ahead of schedule, creating an eco-friendly public space.

Climate Goals & Targets

Environmental Challenges

• Launching I-girders on high piers.
• Erecting steel girders in limited time.
• Transporting pre-cast I-girders due to road conditions.
• Unpredicted high-tension underground electric cables.
• Erecting steel spans at Bailey Road Crossing intersecting an existing flyover.
• Concreting deck slabs on long steel spans in COS-II.
• Concrete work on piers and pier caps up to 25m height.
• Limited access and clearance issues for railway approach spans at Digha end.

Mitigation Strategies

• Increased Goliath Gantry height and raised approach path for girder launching.
• Used temporary supporting arrangements (trestles and temporary girders) for steel girder erection.
• Developed an intermediate-level approach road for girder transportation.
• Design changes for piles/pile caps and utility shifting where necessary.
• Profile sheet used to replace shuttering, reduce cycle time, and improve safety.
• Net-type standing platform used for pier and pier cap concreting to avoid staging.
• Special liner driving arrangement to ensure verticality and reduce cycle time.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

• Life Time Achievement Award by the Indian Roads Congress (IRC) to S.A. Reddi
• Maharashtra PWD Medal to V.N. Heggade for Best Paper on Construction

Environmental Metrics

Climate Goals & Targets

Environmental Challenges

• Challenging market conditions in the Indian construction sector due to policy paralysis, land acquisition issues, stalled projects, delayed payments, and liquidity stress.
• Withdrawal of SDR and S4A schemes for resolving stressed assets.
• Tightening of credit and slowdown in decision-making processes.
• Delays in arbitration processes and appeals against awards.
• Liquidity problems due to long-pending arbitration claims.

Mitigation Strategies

• Successful implementation and exit from SDR, resolving approximately 70% of lender exposure.
• Exploring strategic and tactical options to reduce debt burden.
• Actively working with lenders to design a new resolution mechanism under the ‘Sashakt’ plan.
• Discussions with a financial investor for equity infusion and monetization of assets.
• Sale of land to repay debt.
• Diligent follow-up on claims under the Arbitration and Conciliation (Amendment) Act, 2015, resulting in arbitration awards.

Supply Chain Management

Climate-Related Risks & Opportunities