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IL&FS Engineering & Construction Company Ltd. Company History and Annual Growth Details

The Company was incorporated as Satyam Constructions Private Limited on May 6,
1988 under the Companies Act. It became a deemed public company with effect
from July 1, 1993 under Section 43A(1A) of the Companies Act and the word private
was deleted from its name. The name of the Company was changed to Maytas Infra
Limited pursuant to a special resolution of the shareholders of the Company at an
EGM held on May 6, 1998. The fresh certificate of incorporation consequent upon
the change of name was granted on June 1, 1998 by the RoC The Company became
a private limited company on May 7, 2002 pursuant to Section 43A(2A) of the Companies
Act and the word private was added to its name. Subsequently, pursuant to a special
resolution of the shareholders of the Company at an extraordinary general meeting held
on December 30, 2006, the Company has become a public limited company and the
word private has been deleted from its name. The certificate of incorporation to reflect
the new name was issued on February 9, 2007, by the RoC.

The registered office of the Company was shifted with effect from December 22, 1988
from 5-9-12, 2nd Floor, Samrat Complex, Saifabad, Hyderabad 500 004,to 2nd Floor,
Mayfair Trade Centre, 1-8-303/34/1, S.P. Road, Secunderabad 500 003, by a Board
resolution dated December 15, 1988. The registered office of the Company was shifted
to 2nd Floor,KPR House, S.P. Road, Secunderabad 500 003 by a Board resolution
dated July 31, 1995. The registered office of the Company was shifted with effect from
June 30, 1997 to 3rd Floor, Gautam Towers, S.P. Road, Secunderabad 500 003 by a
Board resolution dated June 25, 1997. The registered office of the Company was shifted
with effect from August 17, 1998 to 6-3-1186/5/A, Beside Grand Kakatiya Hotel,
Somajiguda, Hyderabad 500 082 by a Board resolution dated July 22, 1998. The registered
office of the Company was shifted to 6-3-1186/5/A, III Floor, Amogh Plaza, Begumpet,
Hyderabad 500 016 by a Board resolution dated November 24, 1998.

Major Events

Date Events

1994 A joint venture was entered with Sri Shankaranarayana Construction Company and
Trafalgar House Construction (Tunneling), U.K., which pre-qualified for the work
of Muran dam and Tunnel of UIHP, Orissa.1996 The Company obtained a Letter of
Intent to set up a 330MW power plant at Peddapuram, East Godavari District and a
special purpose vehicle, Gautami Power Limited, was incorporated toexecute this project.
1998 In joint venture with IJM Corporation Bhd., Malaysia,Mumbai-Pune Expressway
(Section A) (13,232 Kms) and the Chennai Bypass (Phase-I) projects were awarded.
1999 In joint venture with Sri Shankaranarayana Construction Company, Bangalore, new
works of Kalpong HE Project, NHPCL, Andaman and Nicobar Islands, and Larji
HE Project, HPSEB, were awarded.2001 In joint venture with Sri Shankaranarayana
Construction Company, Bangalore, the Narmada Canal works were awarded.

2002 The Company was awarded upgradation of the road project from Kalmala
Junction to Sindhnur in a joint venture with NCC.The Company was awarded the
contract for civil and hydro-mechanical works for Head Race Tunnel and associated
works in Himachal Pradesh and entered into a joint venture, HIMACHAL JV, with
Sri Shankaranarayana Construction Company and NCC.

2003 The Company entered into a joint venture, NCC-Maytas (JV), with NCC.
The joint venture was awarded the Singapore Class Township at Pocharam from CESMA
,Singapore.The Company was awarded an ISO 9001-2000 Certification by
American Quality Assessors with effect from February 28, 2003.The Compan
received an award, the FastestGrowing Construction Company - 1st Rank for the year
2003 from Construction World magazine.

2004 The Company entered into a joint venture with Sri Shankaranarayana
Construction Company and was awarded the construction of the
Kumaradhara Pasupudhara Dams (with ancillary works) at Tirumala
Hill,Andhra Pradesh.The Company incorporated a special purpose vehicle,
Brindavan Infrastructure Company Limited, along with NCC and KMC
Constructions Limited.

2006 The Company received an award, the Fastest Growing Construction Company
3rd Rank, for the year

2006 from Construction World magazine.

2007 The Company entered into a memorandum of understanding with Dhabi
Contracting Est. and established a joint venture company, Dhabi Maytas
Contracting LLC in United Arab Emirates.

-Maytas Infra Ltd on December 10, 2007, has signed a Memorandum of Understanding (MOU) with Vedanta Alumina Ltd for developing an integrated township for its staff in Jharsuguda, Orissa.

2009

- With reference to the earlier announcement dated March 13, 2009, Maytas Infra Ltd have received the copy of order issued by the under Secretary to the Government of India, Ministry of Corporate Affairs, New Delhi confirming the appointment of Dr. K Ramalingam and Shri. Anil K Agarwal as Directors of the Company. It also confirmed that Dr. K Ramalingam shall be the Chairman of the Board / Company until further orders.

2010

- Maytas Infra Ltd has bagged a Contract from ITNL ENSO Rail Systems Ltd. (IERS) for Design and Construction of Elevated Viaduct (Single/ Double Line) and Six Stations for Rapid Metro Rail Gurgaon Ltd. for a total value of Rs. 185.32 Crores.

This Project needs to be completed within a period of 21 months.