With reference to the news item appearing in a leading financial daily titled “Gammons wins Rs 800 cr order”, Gammon India Ltd has clarified to BSE that the Company has bagged an order from Madhya Pradesh Government to develop fifteen acres of land for commercial development for only Rs 338 crore and not Rs 800 crore, as has been wrongly stated in the news item in the financial daily on April 19, 2008. The Company would like to reiterate that the report is misleading and are unaware as to the source of this information by the publishers.