First, I would like to thank you all our customers as well as our vendors for the tremendous support what they had given in the growth of MJ Infrastructure. As the Chairman and Managing Director of this organization, it gives me immense pleasure to announce that we had reached several milestones and on the right track to our goals.

Our ability to achieve value for our supporters has driven by our focused strategy and rigorous attention to operational efficiency. We remain undeterred in our aspiration to be the best performing construction group in the world and firmly believe that our strategy will ensure we realise this ambition. Indeed, in today's challenging economic times, we believe the benefits of our approach will be, even more, pronounced.

MJ Infrastructure maintains the strategic course set in place over the past year and the effectiveness of this strategy, as evidenced in the robust performance of the past year, places us in a strong position as we move forward. With the completion of the major local projects in 2012, we should see increased cash flow generation in the year. We plan to use this to ensure that our asset base remains appropriately invested, our debt levels are such that we maintain investment-grade credit-metrics, and returns to shareholders had increased in line with our dividend policy. The Group's product portfolio will continue to be carefully assessed to ensure maximum value is achieved.

Our ability to achieve value for our supporters has driven by our focused strategy and rigorous attention to operational efficiency. We remain undeterred in our aspiration to be the best performing construction group in the world and firmly believe that our strategy will ensure we realise this ambition. Indeed, in today's challenging economic times, we believe the benefits of our approach will be, even more, pronounced.

Three pillars continue to underpin our strategy:

Build on leading positions in construction industry, particularly in high-growth emerging markets, like residential & commercial.

Maintain our position as a low-cost, high-quality producer by selectively investing in production capacity in lower-cost regions and exploiting benefits of upstream integration (including pre castproducts); and
Focus on continuous productivity improvement and cost reduction, delivered through business excellence programmes and rigorous asset management.

Our ability to achieve value for our supporters has driven by our focused strategy and rigorous attention to operational efficiency. We remain undeterred in our aspiration to be the best performing construction group in the world and firmly believe that our strategy will ensure we realise this ambition. Indeed, in today's challenging economic times, we believe the benefits of our approach will be, even more, pronounced.MJ Infrastructure maintains the strategic course set in place over the past year and the effectiveness of this strategy, as evidenced in the robust performance of the past year, places us in a strong position as we move forward. With the completion of the major local projects in 2012, we should see increased cash flow generation in the year. We plan to use this to ensure that our asset base remains appropriately invested, our debt levels are such that we maintain investment-grade credit-metrics, and returns to shareholders had increased in line with our dividend policy. The Group's product portfolio will continue to be carefully assessed to ensure maximum value is achieved.

Once again, thanking you all our well wishers to support us for our giant leap. This will be remembered in the history of this organization, forever.

Wishing you all the best.

Best Regards,
Dr. P. Anilkumar
(Chairman & Managing Director)