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Shriram EPC Ltd. Company History and Annual Growth Details

Our Company was incorporated on June 12, 2000
for the purpose of carrying on the business of
engineering, procurement and construction.
Pursuant to the provisions of Section 391 to 394 of
the Companies Act and pursuant 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 business
namely, construction engineering. Shriram Engineering
Construction Company Private 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 technical know-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 1995,Shriram Engineering
Construction Company Limited transferred the said Hytech
Cooling Tower division to Shriram Cooling Towers Limited.
Shriram Cooling Tower Limiteds name was subsequently
changed to Shriram Tower Tech Limited on November 22, 1995.
Our Company, on January 12, 2004 (as amended on March 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 5,2007, a Joint Venture,Share Transfer and
Shareholders Agreement (along with a Supplementary agreement of
the same date) was entered into between Hamon Thermal Europe SA,
Hamon Thermopack Engineers 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 between
Hamon Shriram Cottrell Private Limited and Hamon
Research-Cottrell, Inc.

on March 26, 2007, for grant of an exclusive license
to design, manufacture and sell certain air pollution control
products and systems Hamon Research-Cottrell, Inc.The renewable
energy business of our Company comprises wind energy projects,
biomass based power projects,cogeneration 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 memorandum of 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 certification
for designing and manufacturing 250 KW wind turbines from
the Deutsches Wind Energie-Institut GmbH, for the design
of our 250KW-class wind turbine generators, 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 company formed for
the purposes of manufacturing of megawatt class wind
turbines and components. 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 we received ISO9001: 2000 certification
from DAS Certification Ltd. for the manufacture, supply,
installation,commissioning, maintenance of wind turbines
and development of wind turbines.

Our Company began operations in the process and metallurgy
business in 2004 The 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 commenced its municipal services business of water and
wastewater management and water distribution
systems and pipe rehabilitation in 2004.The municipal services
business principally focuses on the design and implementation
of turnkey design-build environmental projects for 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 we have been
granted license to use its rib loc technology in India.
For more information see Our Business Municipal Services on
December 2000 Execution of first biomass power plant project
in Mancherial Village, Adialabad District, Andhra Pradesh.

July, 2003 Commencement of process and metallurgy
business

January 2004 Acquisition of the cooling towers business
of Shriram Tower Tech Limited

May, 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 business

March 2005 Investment by UNO Investments

March 2006 Investment by Bessemer Venture Partners Trust

August 2006 Certification by DEWI OCC for designing
and manufacturing 250 KW wind turbine

November 2006 Execution of MoU with Leitner Technologies
for manufacture and marketing of megawatt
class wind turbines

December 2006 Purchase of Equity Shares by UTI
Investment Advisory Services Limited

February 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, commissioning,maintenance of wind
turbines and development of wind farms

September 2007 Installation of 1,350 KW capacity Wind
Electric Generator

November 2007 Awarded the first contract for setting up coal
gasification and gas purificati

2009

- In order to form a consortium for the execution of thermal power projects, Shriram EPC announced the signing of a memorandum of understanding with China based North West Electric Power Design Institute.

- Shriram EPC (SEPC) and its subsidiaries, have received orders amount to Rs. 156 crore.

2010

- Shriram EPC has bagged two orders worth Rs. 83 crore from the Urban Improvement Trust, Kota. The orders are for laying and commissioning of sewerage, manholes and road works across different locations in the city of Kota and also commissioning and maintenance of two pumping stations.

- Shriram Epc Limited has appointed Mr. R Dharmarajan as the Chief Financial Officer (CFO) of the Company with effect from 28th July 2010 at the Audit Committee meeting of the Company held on that date.
 
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