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Our Company was incorporated on June 12 2000 for the purposeof carrying on the business of engineering procurement and construction. Pursuant to the provisions of Section 391 to 394 of the Companies Act andpursuant to an order of the High Court of Madras dated July 22 2005 Shriram Engineering Construction Company Limited was merged with our Company with effect from April 1 2004 since both companies were in the same line of businessnamely construction engineering. Shriram Engineering Construction CompanyPrivate Limited was originally incorporated as Shriram Construction Company Private Limited on June 3 1982.The name of the company was subsequently changed to Shriram Engineering Construction Company Private Limited on April 24 1991.On February 1 1993 an agreement was entered into between Shriram Engineering Construction Company Limited and Hytech Cooling Towers Private Limited whereby Hytech Cooling Towers Private Limited granted an exclusive license of the technicalknow-how relating to the manufacture of complete range of cooling towers with a right to use its trade name to Shriram Engineering Construction Company Limited.In September 1995Shriram Engineering Construction Company Limited transferred the said Hytech Cooling Tower division to Shriram Cooling Towers Limited. Shriram Cooling TowerLimited?s name was subsequently changed to Shriram Tower Tech Limited onNovember 22 1995. Our Company on January 12 2004 (as amended onMarch 8 2004) entered into a Business Transfer Agreement with Shriram Tower Tech Limited for the purchase of its entire cooling towers business along with the technical know-how the technical people and the infrastructure facilities of Shriram Tower Tech Limited.In December 2004 our Company entered into a joint operation agreement with Hamon Thermopack Engineers Private Limited a subsidiary of Hamon Thermal Europe SA and Hamon (Nederland) B.V. (collectively referred to as the Hamon Group) in order to carry out projects regarding cooling tower solutions. On February 52007 a Joint VentureShare Transfer and Shareholders Agreement (along with a Supplementary agreement ofthe same date) was entered into between Hamon Thermal Europe SA Hamon ThermopackEngineers Private Limited and our Company. Under the said Joint Venture Share Transferand Shareholders Agreement Hamon Thermopack Engineers Private Limited issued shares to our Company representing 50.01% of the share capital of Hamon Thermopack Engineers Private Limited. Further a license agreement was entered into betweenHamon Shriram Cottrell Private Limited and Hamon Research-Cottrell Inc.on March 26 2007 for grant of an exclusive license to design manufacture andsell certain air pollution control products and systems Hamon Research-Cottrell Inc.The renewable energy business of our Company comprises wind energy projectsbiomass based power projectscogeneration power projects and bio-ethanol plant projects. For further details see Our Business Renewable Energy Business on page 70. Our Company began its operations in the biomass power plants business inDecember 2000 with the execution of the first biomass power plant project in Andhra Pradesh. Our biomass power plants business is engaged in the design engineering and construction of thermal biomass-based power plants. Further our Company entered into a memorandumof understanding on August 28 2007 with Bessemer Venture Partners Trust (BVP) forpower generation through renewable sources.Our Company commenced the business erection testing and commissioning of wind electric generators in 2004. In August 2006 our Company received certificationfor designing and manufacturing 250 KW wind turbines from the Deutsches Wind Energie-Institut GmbH for the design of our 250KW-class wind turbinegenerators after which we started manufacturing and selling our own 250KW WTGs.On January 16 2007 we entered into a Joint Venture Agreement with Leitner B.V. Netherlands to set up Leitner Shriram Manufacturing Limited an Associate companyformed for the purposes of manufacturing of megawatt class wind turbines andcomponents. On February 3 2007 our Company entered into a Joint Venture Agreement with Leitner B.V.Netherlands to set up Shriram Leitwind Limited a Subsidiary company formed for the purposes of marketing of wind turbines wind farm development and erection and commissioning of wind turbines. In April 2007 wereceived ISO9001: 2000 certification from DAS Certification Ltd. for the manufacture supply installationcommissioning maintenance of wind turbines and development of wind turbines.Our Company began operations in the process and metallurgy business in 2004The process and metallurgy business is focused on providing turnkey solutions for iron and steel cement aluminum copper and thermal power plants.SHRENCO began undertaking municipal services in 1990. Our Company commencedits municipal services business of water and wastewater management and water distribution systems and pipe rehabilitation in 2004.The municipal services business principallyfocuses on the design and implementation of turnkey design-build environmental projectsfor water and wastewater distribution water and sewage treatment and pipe rehabilitation.We work on a project to project basis with Chevalier Pipe Technologies Limited whereby wehave been granted license to use its rib loc technology in India. For more information see Our Business Municipal Services on page 79.December 2000 Execution of first biomass power plant project in Mancherial Village Adialabad District Andhra Pradesh.July 2003 Commencement of process and metallurgy businessJanuary 2004 Acquisition of the cooling towers business of Shriram Tower Tech LimitedMay 2004 Commencement of the business of erection testing and commissioning of wind electric generators December 2004 Execution of joint operation agreement with the Hammon Group January 2004 Commencement of rehabilitation businessMarch 2005 Investment by UNO InvestmentsMarch 2006 Investment by Bessemer Venture Partners TrustAugust 2006 Certification by DEWI OCC for designing and manufacturing 250 KW wind turbineNovember 2006 Execution of MoU with Leitner Technologies for manufacture and marketing of megawatt class wind turbinesDecember 2006 Purchase of Equity Shares by UTI Investment Advisory Services LimitedFebruary 2007 Joint Venture Agreement entered into between our Company and Hamon Thermopack Engineers Private Limited.March 2007 Exclusive license with Hamon Shriram Cottrell Inc for use of technology and products in the Air Pollution Control business.April 2007 Certification ISO 9001:2000 for manufacture supply installation commissioningmaintenance of wind turbines and development of wind farmsSeptember 2007 Installation of 1350 KW capacity Wind Electric GeneratorNovember 2007 Awarded the first contract for setting up coal gasification and gas purification plants