WAPCOS Annual Report 2017-18 English PDF

WAPCOS
Annual Report 2017-18
Prime Minister, Narendra Modi viewing WAPCOS Exhibits

at African Development Bank (AfDB) Annual Meet at Gandhinagar, Gujarat
1
WAPCOS
Prime Minister, Narendra Modi and Prime Minister of Nepal,

Sher Bahadur Deuba dedicated the 132 kV Katiya to Kushaha and
Raxaul to Parwanipur cross-border Transmission Lines
Project implemented by WAPCOS - in New Delhi
2
WAPCOS
Prime Minister, Narendra Modi, dedicated “Sardar Sarovar Dam to the Nation”
WAPCOS was associated with the Project and has contributed to Micro-
canalization of more than 1.1 Million ha of Command Area of the
Project, Planning and Design of Minors and sub-Minors as underground
pipeline (UGPL) for more than 1.2 Million ha Command area, Technical
consultants for Refurbishment and Rehabilitation of radial Gates and its
parts, Geological and Geo-technical investigations for Statue of Unity at
Sadhu Hills, Alignment Strip Survey for Kachchh Branch Canal and its three
Sub-branches & Cross Regulator planning and Geo-technical investigations
for Kachchh Canal and its three Sub-branches.
3
WAPCOS
Prime Minister, Narendra Modi, laid the Foundation Stone for

Synthetic Athletic Track to be executed by WAPCOS at Lal Bahadur Shashtri
National Academy of Administration at Mussoorie
4
WAPCOS
Nitin Gadkari
Minister of Road Transport & Highways, Shipping and Water Resources,
River Development & Ganga Rejuvenation, Government of India
5
WAPCOS
Arjun Ram Meghwal

Minister of State
Parliamentary Affairs and Water Resources,
6
WAPCOS
Dr. Satya Pal Singh

Minister of State
Human Resources Development and Water Resources,
7
WAPCOS
Annual
Annual Report
Report 2017-18
Contents
Board of Directors
10
WAPCOS Profile
11
Chairman’s Message
17
WAPCOS at a Glance
Registration with
34
Directors’ Report
36
International Organizations
63
Important Events Independent
during 2017-18
37
Auditors’ Report
182
Annexure to Independent
187 Auditors’ Report
Comments of C&AG
194
Statement of Accounts
195
Appreciations
283
8
WAPCOS
Vision
“A Global Leader in
Consultancy and Engineering,
Procurement & Construction
(EPC) providing Integrated
& Customized Solutions for
Sustainable Development
of Water, Power and
Infrastructure Projects”.
Mission
Sustained Profitable Growth,
Excellence in Performance,
Use of State-of-the-art Technical
Expertise, Innovativeness and
Capacity Building to
Meet Society’s Needs
Globally.
9
WAPCOS
BOARD OF DIRECTORS
(As on 14.08.2018)
R. K. Gupta
Chairman-cum-Managing Director
Pankaj Kapoor Akhil Kumar Vinod K Jacob

Director (Finance) Joint Secretary (Admn. & GW.) Joint Secretary (ED)
MoWR, RD & GR Ministry of External Affairs
Dr. Kiran Pandya Dr. S.K. Singh

Independent Director Independent Director
10
WAPCOS
WAPCOS Profile
INTRODUCTION
WAPCOS Limited is a “MINI RATNA-I” Public Sector Enterprise under the aegis of the Ministry
of Water Resources, River Development & Ganga Rejuvenation. Incorporated on June 26th, 1969
under the Companies Act, 1956; WAPCOS is a technology driven Consultancy and Engineering,
Procurement & Construction (EPC) organization with strong home country and global presence
in the field of Water, Power and Infrastructure sectors. WAPCOS has the requisite experience
& expertise to undertake Consultancy & EPC projects of any scale and complexity in the sectors
of its operations. WAPCOS portfolio of projects is both, impressive and diverse in nature. The
quality management systems of WAPCOS comply with the Quality Assurance requirements
of ISO 9001:2015 for Consultancy Services in Water Resources, Power and Infrastructure
Development Projects & also with the Quality Assurance requirements of ISO 9001:2008 for
Engineering, Procurement & Construction Projects related to Residential, Office Buildings,
Civil Works, Roads & Highways, Irrigation, Agriculture and Water Projects, Electrical Power
Projects for Generation, Substation, Transmission, Distribution Networks, Rural Electrification
and Renewable Energy, Industrial, IT, Telecommunications and related projects. Company’s
Vision is “A Global Leader in Consultancy and Engineering, Procurement & Construction (EPC)
providing Integrated & Customized Solutions for Sustainable Development of Water, Power and
Infrastructure Projects”
VISION
Company’s Vision is “A Global Leader in Consultancy and Engineering, Procurement &
Construction (EPC) providing Integrated & Customized Solutions for Sustainable Development
of Water, Power and Infrastructure Projects”.
11
WAPCOS
Nitin Gadkari, Minister (Road Transport & Highways, Shipping and Water Resources, River Development &
Ganga Rejuvenation), in the presence of Arjun Ram Meghwal, Minister of State; Dr. Satya Pal Singh,
Minister of State and Foreign Dignitaries receiving Dividend of Rs. 50.63 Crore (inclusive of Dividend Tax)
for the year 2017-2018, from R.K. Gupta, CMD WAPCOS. This is the highest ever paid
Dividend since the Inception of the Company.
MISSION
Sustained Profitable Growth, Excellence in Performance, Use of State-of-the-art Technical
Expertise, Innovativeness and Capacity Building to Meet Society’s Needs Globally.
OBJECTIVES
u To perform the role of a premier agency for offering integrated package of services of
scientific, technological and managerial quality for optimal planning and development
of Projects.
u To adopt modern technology and systems to build in quality, reliability and accuracy
thereby ensuring customer satisfaction.
u To continue the pace of growth of domestic and overseas business and to transfer
know-how to Clients.
12
WAPCOS
u To adopt international standards in surveys, investigations, designs, cost estimates,

project planning including environmental studies and project management services for
cost-effective & integrated development of Water resources, Power and Infrastructure
Projects.
u To promote research & development through interaction with other national and
international agencies.
u To maintain pre-eminence in the field of consultancy through diversification in allied
fields.
u To secure a fair monetary return to the enterprise as a result of its operations through
improved productivity.
u To play a dynamic role in use of state-of-the-art consultancy for innovative design
alternatives.
u To attract the best available talent and promote a committed and motivated workforce.
u To strive to achieve client satisfaction
u To promote WAPCOS as a Brand Name.
FIELDS OF SPECIALIZATION
Main Fields of specialization of the Company cover
u Irrigation, Drainage and u Hydropower u Water Supply, Sanitation

Water Management u Thermal Power
and Drainage
u Ground Water u Pumped Storage Projects
u Environment
Exploration and Minor u Ports, Harbours and
u Transmission &
Irrigation Inland Waterways
Distribution
u Flood Control and River
u Urban and Rural Areas
u Rural Electrification
Morphology development
u Non-conventional
u Dams and Reservoir
u Roads and Highway
Sources of Energy
Engineering Engineering
u Water Bodies & Land
u Buildings & Townships
Conservation
u Ropeways
u Agriculture
u Watershed Management
u Natural Resources
Management
13
WAPCOS
The Company provides concept to commissioning services for developmental projects in India
and Abroad.
RANGE OF CONSULTANCY SERVICES

WAPCOS’ spectrum of services covers a wide range of activities e.g.
u Preliminary u Field Surveys & u Operation &

Investigations/ Investigations and Testing Maintenance
Reconnaissance u Institutional/ Human u EPC/ Turnkey & Deposit
u Feasibility Studies/ Resource Development Works
Planning/ Project u Project Management and
Formulation Construction Supervision
u Baseline and Socio-
Economic Surveys
The USPs of WAPCOS include Survey & Investigation/Pre-Feasibility/DPRs for more than 550
Projects in Irrigation, Water Resources & Agricultural etc. contributing to development of over
17 Million Ha Irrigation Potential; more than 200 Projects in Ports & Inland Navigation; over
500 Projects in Water Supply & Sanitation, Rural & Urban Development, Roads & Highway
Engineering; EIAs for over 300 Projects in the fields of Irrigation, Hydro/Thermal Power, Ports
& Harbours in India and Abroad. Similarly, in Hydro-Power Sector; WAPCOS has completed
almost 52 Hydro-Power Projects in 19 Countries with an installed capacity of more than 21,600
MW; over 105 Hydro Power Projects in India with an installed capacity of more than 9,000
MW. In Thermal Power; the Company has successfully completed 12 overseas Projects with
installed capacity of more than 2,900 MW and 37 Projects in India with an installed capacity of
more than 12,000 MW. In Transmission & Distribution WAPCOS has accomplished more than
14 Projects in India and Abroad.
REGISTRATION WITH INTERNATIONAL ORGANISATIONS

WAPCOS is registered with various international funding agencies for participating in the
funded projects like World Bank, Asian Development Bank, African Development Bank,
Japan Bank for International Cooperation, United Nations Office for Project Services, French
Development Agency and German Development Bank.
14
WAPCOS
OPERATIONS ABROAD
In the year 2008-2009, WAPCOS had presence in 8 countries that has expanded to 46 countries
by year 2017-2018. Apart from India, WAPCOS has successfully completed/on-going
consultancy assignments in countries covering Asia, Africa, Middle East, South America, Pacific
Islands and providing consultancy services in different countries including Angola, Afghanistan,
Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central African Republic, Chad,
DR Congo, Ethiopia, Fiji, Georgia, Ghana, Guinea Conakry, Kenya, Kazakhstan, Lao PDR,
Lesotho, Liberia, Malawi, Maldives, Mali, Mangolia, Mozambique, Myanmar, Nauru, Nepal,
Niger, Nigeria, Philippines, Rwanda, Senegal, Sierra Leone, South Sudan, Sri Lanka, Swaziland,
Tanzania, Tajikistan, Togo, Uganda, Uzbekistan, Vietnam, Yemen and Zimbabwe. WAPCOS
comprising of highly qualified professionals, vibrant management and excellent infrastructural
facilities is poised to meet the challenges of the 21st century very effectively. The works are spread
across African continent with the strong presence in 27 countries. WAPCOS operates in all the
states of India through 45 project offices spanning across all Government and Private sectors,
with the pride of having involved in almost all the premier Government of India schemes.
AWARDS / RECOGNITION
Hon’ble President of India presented Award for Excellence and Outstanding Contribution
to the Public Sector Management-Institutional instituted by Standing Conference of Public
Enterprises, an apex body of Central Government owned Public Enterprises to recognize the
contribution of Public Enterprises to WAPCOS. The Company has received several prestigious
National/International Awards such as “Meritorious Award-Corporate Governance”, SCOPE
Corporate Communication Excellence Awards 2017-Best Corporate Communication Campaign/
Program- External instituted by Standing Conference of Public Enterprises, an apex body of
Central Government owned Public Enterprises; “Top Performing CPSEs’ “MOU Excellence
Award” instituted by Department of Public Enterprises, Government of India; “Best Consultancy
Organisation in Water Resources Sector” - Instituted by Central Board of Irrigation and Power,
a premier Institution setup by the Government of India; EEPC Northern Region Award for
Excellence in Exports Scheme for the year - Star Performer in Product Groups for 2015-16
(Silver Shield) Engineering Services-Large Enterprises Instituted by Engineering Export Promotion
Council, Ministry of Commerce & Industry, Government of India; Award for Excellence in
Engineering Consultancy Services under category Excellence in Project Engineering by CEAI
National Awards; Operational Performance Excellence Award, Contribution of Women in PSEs
Award, Company of the Year, Corporate Governance, Best Human Resource Management - PSE
15
WAPCOS
Excellence Award instituted by Department of Public Enterprises, Ministry of Heavy Industry

and Public Enterprises, Government of India and Indian Chamber of Commerce to recognize
the contribution of Public Sector to the Indian Economy; Water Awards - Best Consultancy
Company, Best Indian Water Company to Work and Made in India – Best Water Company
(Public Sector) supported by UNESCO and ASSOCHAM; Corporate Social Responsibility &
Sustainability Vision Award, instituted by Indian Chamber of Commerce; Indian Chamber of
Commerce - India Corporate Governance & Sustainability Vision Summit - Corporate Governance
& Sustainability Vision Awards 2018; CSR Leadership Awards by ET Now-Rise Awards - Best
Corporate Social Responsibility Practices, Corporate Affair Leadership Award - Best Use of
Media Relations; World Water Leadership Congress Awards - Best Community Water Project,
Most Promising Brand endorsed by Asian Confederation of Businesses; India Africa Champion
in Biz & SME Awards 2017 under Achievement in Power & Renewable Energy, Exemplary
services in Agriculture & Dedicated Leadership in Infrastructure supported by ASSOCHAM.
HUMAN RESOURCE
Well equipped with state-of-the-art latest hardware and software, survey equipment, technical
know-how and Expert Man Power of more than 2500 Personnel; WAPCOS derives its strength
from its human resource, which form the backbone of the organization.
WAPCOS as a techno-commercial organization under the aegis of Ministry of Water Resources,

River Development & Ganga Rejuvenation utilizes the talent and expertise developed in the
various organizations of Govt. of India and State Government Departments. WAPCOS is
responsible for providing quality time bound services to the clients which is the very essence
of WAPCOS operations. The Company has the in-built capability to provide multidisciplinary
project teams comprising of its own core group of Professionals & Specialists from various
Organizations of Government of India such as Central Water Commission, Central Electricity
Authority, Central Ground Water Board, Central Water & Power Research Station, Central
Soil & Materials Research Station, Survey of India, Geological Survey of India and other State
Departments.
WAPCOS comprising of highly qualified professionals backed by dynamic and vibrant

management in command, is poised to meet the challenges of the 21 century very effectively.
16
WAPCOS
Chairman’s Message
WAPCOS accomplishments are the result of Passion, Drive and

Determination of WAPCOS workforce and the Management’s
Focussed Commitment to Excellence
Dear Shareholders,
I am delighted to inform you that your Company has achieved highest ever Consultancy
and Engineering income of Rs.1141.29 Crore and Profit Before Tax of Rs.189.40 Crore
(excluding expenditure of Rs.25.72 Crore on account of implementation of recommendation of
3rd Pay Revision Committee) for the year 2017-18 as against Rs.921.36 Crore and Rs.156.91
Crore respectively in 2016-17, notwithstanding challenging global environment. Besides Bonus
issue of Rs.35 crore, which was made in March, 2018, an Interim Dividend of Rs.42 Crore was
declared in the 226th Board Meeting held on 4.6.2018, the total outgo on account of which
comes to Rs.50.63 Crore, which includes Rs. 8.63 Crore as Dividend Tax.
Your Company celebrated its 50th Foundation day on 26th June, 2018 and many events were
held to mark the occasion.
In line with your Company’s envisioned aim of transcending boundaries, breakthrough was made
in 27 Countries in Africa, 12 in Asia, 3 in CIS Countries and 1 country each in Oceania, Middle
East, Pacific Island and Europe. It is committed to generate value for its clients, shareholders
17
WAPCOS
and employees. Utmost attention is provided to Clients’ satisfaction. In the year under review,
your Company has secured record new orders of Rs. 2345.53 crore. The performance of your
Company has been appreciated at various Fora and it has received several prestigious Awards
and accolades, which are acknowledgment of your Company’s ability to deliver with utmost
Professionalism throughout the world in most demanding terrain and environment.
Beyond its business, your Company strives to assume its social responsibilities and, as a
Responsible Corporate Citizen, it contributes towards improving the quality of life and economic
well being of the society and protects the environment. The activities undertaken by your
Company during the year include Socio-Economic Empowerment of Underprivileged Youth
and Women through Skill Development and Enhanced Livelihood Opportunities, Developing
Infrastructure Facilities for providing electricity through Solar Lighting Systems, Sanitation
and Public Utility Program, Organizing Health Camps, Providing Medical Equipments and
Medicines to Hospitals. Besides, your Company has entered into Memorandum of Understanding
(MoU) with Institute of Liver and Biliary Sciences (ILBS) - a premier Super-Specialty Medical
Institute established by the Government of the National Capital Territory (NCT) of Delhi - for
bearing the cost of Liver Transplant Surgeries for 6 patients per year with an annual expenditure
up to Rs. 84 lakhs per year for a period of 5 years. Your Company has received CSR Leadership
Award- Best Corporate Social Responsibility Practices.
Your Company has a well organized system in place to attract the best available talent and to
promote a committed and motivated workforce. The skills and capabilities of employees are
sharpened by adopting a systematic approach specific to their areas of operations with greater
emphasis on its application part. All policies and practices of the organization are oriented
towards improving Human Resources Performance. In the year under review, Succession Plan
has also been developed.
Constant emphasis is laid on the implementation of Official language policy of the Government
of India. In the year under review, Ministry of Water Resources, RD & GR awarded your
Company ‘Rajbhasha Vaijaynti’ as first prize and Merit certificate for excellent implementation
during the year 2015-2016 in the field of Official Language.
Good Corporate Governance practices have helped WAPCOS to become a brand name in its
business with “excellent” performance, while ensuring the rights and interest of all its stakeholders
firmly protected. During the year under review, the Company has been graded as "Excellent"
for the year 2016-17 by the DPE on the compliance of its guidelines on Corporate Governance
for CPSEs. Further, your Company has received from the Hon’ble President of India “SCOPE
18
WAPCOS
Meritorious Award”- Corporate Governance” as also Corporate Governance and Sustainability

Vision Award 2018 from the Indian Chamber of Commerce.
Your Company is progressing by leaps & bounds and I strongly believe that its core values viz.
integrity, quality, commitment and innovation hold the promise of a brighter future for it.
Sd/-
R.K. GUPTA
CHAIRMAN-CUM-MANAGING DIRECTOR
19
WAPCOS
Foundation Day
Glimpses of Curtain
Raising Events
20
WAPCOS
Leading WAPCOS Run

Arjun Ram Meghwal,
Minister of State
River Development & Ganga Rejuvenation
Dr. Satya Pal Singh,
Minister of State
21
WAPCOS
^isM+ yxkvks] thou cpkvksA*

‘Plant Tree, Save Life’
22
WAPCOS
Gracing the Occasion of MY TREE Initiative
Dr. Satya Pal Singh, Minister of State

U.P. Singh, Secretary,

Water Resources, River Development &
Ganga Rejuvenation 23
WAPCOS
Clean River Initiative –

^LoPN ufn;k¡] LoLFk jk"Vª*
^gekjh ufn;k¡] gekjk Hkfo";*

‘Our Rivers, Our Future’
24
WAPCOS
LoPN Hkkjr
,d dne LoPNrk dh vksj
Participating in Save the

River Initiative
Arjun Ram Meghwal,
Minister of State
U.P. Singh, Secretary,

Water Resources, River Development &
Ganga Rejuvenation
25
WAPCOS
Foundation Day
WAPCOS Since 1969…
Transcending Boundaries -
Touching Lives
26
WAPCOS
WAPCOS Since 1969… Transcending Boundaries - Touching Lives

50th Foundation Day on 3rd July, 2018 at Pravasi Bharatiya Kendra, New Delhi
Presentation of Dividend and Bonus Shares on the occasion
Presentation of Dividend of Rs. 50.63 Crore (Inclusive of Dividend Tax) and Bonus Shares worth Rs. 35 Crore
for the year 2017-18 to Nitin Gadkari, Minister, Road Transport & Highways, Shipping & Water Resources,
River Development & Ganga Rejuvenation, Government of India by CMD, WAPCOS in presence of Arjun
Ram Meghwal, Minister of State, Parliamentary Affairs and Water Resources, River Development & Ganga
Rejuvenation, Dr. Satya Pal Singh, Minister of State, Human Resources Development and Water Resources,
River Development & Ganga Rejuvenation, Government of India and Foreign Dignitaries.
27
WAPCOS
AFGHANISTAN
WAPCOS have successfully completed/on-going consultancy
assignments in Countries covering Asia, Africa, Middle East and
the Pacific Islands and is operating in more than 46 Countries, at
present.
Minister, Ambassadors and Leaders of Delegations from various

Countries attended the Company’s 50th Foundation Day function
and presented Commendation Certificates to the Union Minister
(Road Transport & Highways, Shipping and Water Resources,
River Development & Ganga Rejuvenation) for the contribution
made by WAPCOS by developing projects and touching lives of
the people in these Countries.
Commendation by Sayed Nasim Khaliq, Deputy Minister
of Urban Development and housing, Afghanistan
AFGHANISTAN ANGOLA
Felicitation by Ms. Naheed Farid, Commendation by Ms. Emilia Fernandes,

Member of Parliament, Afghanistan President Empresade Agua, Angola
BHUTAN BURUNDI
Appreciation by Sonam P. Wangdi, Director General Commendation by Come Manirkakiza,

Department of Hydropower & Power Systems Minister of Energy & Mines, Burundi
Ministry of Economic Affairs, Bhutan
28
WAPCOS
D R CONGO Lao PDR
Commendation by Joseph Bofola Isiyoko Liongo Appreciation by Nouanedeng Rajvong, Deputy

Director Cabinet, D R Congo Director General Department of Planning and
Finance, Lao PDR
LIBERIA MALAWI
Appreciation by Frank Musah Dean Jr. Recognition by George Mkondiwa

Minister of Justice/Attorney General, Liberia High Commissioner of Malawi
MONGOLIA MOZAMBIQUE
Appreciation by UUGANBAYAR Tumurkhuu Head Commendation by Ms. Felicidade Isabel Massingue

of the Department (HOD) of International Project, Jorge Agricultural Hydraulics Director, Mozambique
Program and Foreign Relations, Ministry of Education,
Culture, Science and Sports, Mongolia
29
WAPCOS
NEPAL NIGER
Certificate of Recognition by Anil Raj Bhandari, Commendation by Ali Illia Ssou

Leader of Delegation, DMD Monitoring, High Commissioner of Republic of Niger
Nepal Electricity Authority, Nepal
RWANDA SENEGAL
Congratulation Note Emile Ruzibiza, Program Manager, Appreciation by E.L. Hadij Ibou Boye
Rwanda Agriculture and Animal Resources Board, High Commissioner of Republic of Senegal
Irrigation, Land Husbandry and Mechanization, Rwanda
TANZANIA ZIMBABWE
Appreciation by Baraka H. Luvanda Appreciation by Partson Itai Mbiriri, Secretary,

High Commissioner of the United Republic of Tanzania Ministry of Energy & Power Development, Zimbabwe
30
WAPCOS
USP
WATER RESOURCES
Over 550 Projects
In Irrigation, Water Resources,
Flood Control, Groundwater,
Agriculture, etc.
Over 300 Projects In India & Abroad in the fields

of Irrigation, Hydro Power,
Thermal Power, Ports &
Harbours
Environmental and Social

Impact Assessment Studies
Contributed
in development
of Irrigation
Potential of over
17 million ha
31
WAPCOS
Overseas Indian
52 projects
Hydro 105 projects
Power Capacity: 21,600
Capacity: 9,000 MW
MW
37 projects
Thermal 12 projects
Power Capacity : 12,000
Capacity: 2,900 MW
MW
Transmission
&
36 nos. 11 nos.
Distribution
Projects
Contributed in development
of more than 45,500 MW
of power generation
32
WAPCOS
USP
Infrastructure
Over 500 Projects

In Water Supply & Sanitation,
Rural & Urban Development,
Roads and Highways
Engineering, etc.
Ports and Inland

Navigation Projects
Over 200 Projects

Surveys & Investigation/
Modeling / Detailed Engineering /
Tender Engineering / PMC
Willingness
to go
‘Extra Mile’
33
WAPCOS
WAPCOS At A Glance - Financial Statistics

Amount in Rs. Lakhs
2017-18 2016-17
I. ASSETS
1. Non Current Assets
(a) Property, Plant And Equipment 1863.19 1736.43
(b) Capital Work-In-Progress - -
(c) Investment Property - -
(d) Goodwill - -
(e) Other Intangible Assets 117.88 100.85
(f) Financial Assets
(i) Investment 29.98 27.37
(ii) Trade Recievables - -
(iii) Loans - -
(iv) Other Financial Assets 1261.40 5257.51
(g) Deferred Tax Assets (Net) 6139.28 5138.94
(h) Other Non-current Assets 4669.28 3838.93
2. Current Assets
(a) Inventories - -
(b) Financial Assets - -
(i) Investments
(ii) Trade Recievables 77411.64 55323.11
(iii) Cash and Cash Equivalents 16768.41 19632.69
(iv) Other Bank Balances 24881.00 18770.93
(v) Loans - -
(vi) Other Financial Assets 19165.20 17409.43
(c) Current Tax Assets(Net) - -
(d) Other Current Assets 10754.98 2670.71

TOTAL ASSETS 163062.24 129906.90

II. EQUITY AND LIABILITIES
1. EQUITY
(a) Equity Share Capital 10000.00 6500
(b) Other Equity 39775.35 36857.44

LIABILITIES
NON CURRENT LIABILITIES
(a) Finacial Liabilities
(i) Borrowings - -
(ii) Trade Payable 1505.94 340.36
(iii) Other Financial Liabilities 242.78 215.28
(b) Provisions 4838.20 3989.93
(c) Deffered Tax Liabilities(Net) - -
(d) Other Non-Current Liabilites 6807.39 2313.66
CURRENT LIABILITIES
(a) Financial Liabilities
(i) Borrowings - -
(ii) Trade Payable 61301.76 46150.73
(iii) Other Financial Liabilities 4909.91 5046.44
(b) Provisions 1096.71 1919.64
(c) Current Tax Liabilities(Net) - -
(d) Other Current Liabilities 32584.20 26573.42
TOTAL EQUITY & LIABILITIES 163062.24 129906.90

Income
Consultancy Services 33597.86 30959.45
Construction Projects 80531.35 61176.51
Other Income 2949.20 6622.61
117078.41 98758.57
Expenditure
Consultancy Services 24712.47 25157.24
Construction Projects 66927.18 49667.31
Depreciation 519.67 440.22
Administration & General Exp 8551.60 7802.69
Donation - -
Prior Period Items - -
Provision written back - -
Profit & Loss on sale of fixed assets - -
Profit before tax 16367.49 15691.10
Tax Expenses 5789.88 5833.83
Gross Margin 16887.16 16131.32
Profit after tax 10577.61 9857.27
Dividend Pay Out 4200.00 3500.00
Number of Employees(Regular) 923 870
Earning Per Employees 123.65 105.90
Total foreign Exchange Earned 15579.17 34170.08
Net Foreign Exchange Earned 6557.27 21195.05
34
WAPCOS
WAPCOS At A Glance - Financial Statistics

Amount in Rs. Lakhs
2015-16 2014-15 2013-14 2012-13
EQUITY AND LIABILITIES
1. Share Capital 3,500.00 2,500.00 1,600.00 800.00
2. Reserve and surplus 32,760.62 28,430.92 24,121.57 19974.22
Non - Current Liabilities
3. Deferred Tax Liabilities (Net) - - - -
4. Trade Payables 16,844.78 3264.06
5. Long-term Provisions 3,181.14 2,142.48 1,742.02 1746.01
Current Liabilities
6. Trade Payables 22,068.70 20007.91
7. Other Current Liabilities 22,525.19 15,720.86 13,446.15 19121.04
8. Short-term Provisions 5,303.00 3,237.28 2,738.08 7792.91
TOTAL 120,246.04 100,170.21 82,561.30 72706.15
ASSETS
Non - Current assets
9. Fixed Assets
Tangible Assets 1,612.66 1,359.98 1,464.34 1209.40
10. Non - current Investments 3.68 3.68 3.68 3.68
11. Deferred tax assets (net) 2,915.52 1,464.54 962.32 809.66
12. Long term loans & advances 1,630.22 1,144.64 13,639.32 4769.01
Current Assets
13. Inventories - - 41.99 0
14. Trade receivables 44,707.50 36,861.64 31,841.07 22733.44
15. Cash and Bank Balances 44,105.17 37,741.81 29,788.43 28320.44
16. Short-term Loans and Advances 14,627.65 5,620.84 4,685.43 14650.90
17. Other Current Assets - Interest Accrued on Deposits 132.33 134.78 134.72 209.62
TOTAL 120,246.04 100,170.21 82,561.30 72706.15
INCOME
18. Consultancy Services 60,762.41 46,246.60 40,001.29 35050.54
19. Engineering Projects 9,524.13 13,880.37 12,909.73 7923.27
20. Salma Dam Project 12,357.36 31,326.78 37,190.70 13750.96
21. Other Income 2,767.85 1,544.24 1,919.15 2296.59
Expenditure
22. Consultancy Services 41,781.37 32,544.82 27,555.69 24597.17
23. Engineering Projects 11,122.80 13,754.43 12,382.25 7862.52
24. Salma Dam Project 12,197.54 30,859.39 37,181.28 14097.23
25. Admn. & General Expenses 6,874.82 4,379.25 4,511.33 3806.61
26. Depreciation 339.73 330.21 156.94 129.40
27. Donation - - - 0
28. Prior Period Items -178.02 -24.82 -89.87 22.03
29. Profit Before Tax 12,919.28 11,104.90 10,251.58 8506.40
30. Tax expense 4,536.23 3,812.04 3,549.30 2774.40
31. Gross Margin 13,259.01 11,435.11 10,408.52 9164.43
32. Profit after tax 8,383.05 7,292.86 6,702.28 5732.00
33. Dividend pay out 2,525.00 1,650.00 1,500.00 1200.00
34. Number of employees (Regular) 698 674 618 559
35. Earning per employees (18+19+20) ÷ 34 118.40 135.69 145.80 101.48
36. Total foreign exchange earned 34,170.08 54,468.67 54,941.07 21228.16
37. Net foreign exchange earned 11,101.47 10,318.12 7,129.96 646.94
35
WAPCOS
Registration with
International Organizations
v World Bank
v Asian Development Bank
v African Development Bank
v Japan Bank for International Cooperation
v United Nations Office for Project Services
v French Development Agency
v German Development Bank
36
WAPCOS
Important Events During 2017-18
n WAPCOS participated in 52nd African Development Bank (AfDB) Annual Meet and
Exhibition at Gandhinagar (22nd – 26th May, 2017)
r Vijay Rupani, Chief Minister of Gujarat along with Arjun Ram
Meghwal, Minister of State Parliamentary Affairs and Water Resources,
RD&GR and Santosh Gangwar Ministers of State for Finance and African
Development Bank Officials visited WAPCOS Stall
Chief Minister of Gujarat, Vijay Rupani alongwith Minister of State for Finance
Arjun Ram Meghwal, Minister of State Parliamentary Santosh Gangwar visited WAPCOS Stall
Affairs and Water Resources, RD&GR visited at AfDB Exhibition, Gandhinagar
WAPCOS Stall at AfDB Exhibition, Gandhinagar
r CMD WAPCOS welcomed

v Patrick Antony Chinamasa, Minister of Finance, Government of Zimbabwe
and Maxwell Ranga, Ambassador of Zimbabwe in India
Patrick Antony Chinamasa, Minister of Finance, Government of Zimbabwe and

Maxwell Ranga, Ambassador of Zimbabwe visited WAPCOS Stall at AfDB Exhibition, Gandhinagar
37
WAPCOS
v Dr. J.N. Singh, Chief Secretary, Government of Gujarat

r CMD WAPCOS
v Felicitated Elizabeth Paula Napeyok, High Commissioner of Republic
of Uganda
v Addressed the audience during 52nd AFDB Annual Meeting on “Africa-
India Cooperation on the Infrastructure imperative – Building links for
a sustainable future
n WAPCOS and Ministry of Rural Development (MORD), Kingdom of Cambodia
organized the inaugural ceremony for “Supply and Installation of 1500 Hand Pumps
for Augmentation of Rural Water Supply in Cambodia
Dr. Ouk Rabun, Minister of Rural Development, First drawal of Water by Dr. Ouk Rabun,
Try Meng & Lokchumteav, Secretaries of State, Minister of Rural Development, Republic of
MORD, Naveen Srivastava, Ambassador of India; Cambodia from Hand Pump installed at site
R.K. Gupta, Chairman-cum-Managing Director,
WAPCOS Limited during an Inaugural Function
r Dr. Ouk Rabun, Minister of Rural Development, Try Meng & Lokchumteav,
Secretaries of State, MoRD, Naveen Srivastava, Ambassador of India;
R.K. Gupta, Chairman-cum-Managing Director, WAPCOS participated in
Inaugural Function
r Dr. Ouk Rabun, Minister of Rural Development, Kingdom of Cambodia
handed over appreciation letter to CMD, WAPCOS
n WAPCOS participated in the CSR Fair at Pragati Maidan, New Delhi organized by
Department of Public Enterprises during 4th to 6th May, 2017
38
WAPCOS
r Anant G Geete, Union Minister for Heavy Industries and Public Enterprises
visited WAPCOS stall
Anant G Geete, Union Minister for Heavy Industries and Public Enterprises and Babul Supriyo,
Minister of State, Ministry of Heavy Industries and Public Enterprises visited WAPCOS Stall
at CSR Fair, Pragati Maidan, New Delhi
r Babul Supriyo, Minister of State, Ministry of Heavy Industries and Public

Enterprises visited WAPCOS stall
r S.K. Goyal, Advisor (MoU), Department of Public Enterprises visited WAPCOS
stall
n WAPCOS observed Swachhta Pakhwada from 16th to 31st March, 2018
r R.K. Gupta, CMD, WAPCOS administered Swachhata Shapath to all Officers
and Staff at 76-C, Institutional Area, Sector-18 Gurugram, Haryana.
R.K. Gupta, CMD, WAPCOS administering Swachhata Shapath to all Officers and Staff
at WAPCOS office 76-C, Institutional Area, Sector-18, Gurgaon, Haryana
39
WAPCOS
r WAPCOS organized
v Swachhata Shapath by Officers and staff at Registered Office New Delhi
and Corporate Office Gurugram.
v Shram daan at Chatt Ghat, Yamuna River at ITO, New Delhi on
27.03.2018.
Shram Daan at Chatt Ghat, Yamuna River at ITO, New Delhi
v Cleanliness drive by WAPCOS Bhopal Team at two water bodies on

18.03.2018:
l Vishram Ghat, Shahpura Lake
l Char Imli Ghat, Jawahar Bag
l Devi Ahilya Bai Chowk at Shahpura
Cleanliness drive by WAPCOS Bhopal Office
40
WAPCOS
v Cleanliness drive at Adhartal Pond, Jabalpur on 21.03.2018

v Cleanliness drive at BMP Talab, Patna on 29.3.2018.
v Cleaning of Parochira- Chathanamchira Thodu, Cochin on 27.03.2018.
v Cleanliness drive at Uttarakhand:
l Ramkund Bathing Ghat, Devprayag on 27.03.2018.
l Alaknanda Bathing Ghat, Rudraprayag on 25.03.2018 with the
participation by-
 District Magistrate, Rudraprayag, Nagarpalika Adhyaksh,

Rudraprayag.
 Under Secretary, Ministry of Water Resources, River
Development and Ganga Rejuvanation.
 WAPCOS Officials along with local residents.
l Cleanliness drive at Naithani Ghat, Srinagar Garhwal on
26.03.2018
Cleanliness drive at Rudraprayag & Srinagar, Uttrakhand
v Cleaning of Argora Chowk Pond, Ranchi on 17.03.2018

l Cleaning of Site and Project Office, Bhutan on 24.03.2018
n WAPCOS Signed Memorandum of Understanding with Ministry of Water
Resources, River Development & Ganga Rejuvenation for the year 2017-2018 on
06.07.2017
41
WAPCOS
n Dr. Amarjit Singh, Secretary, Ministry of Water Resources, River Development &
Ganga Rejuvenation appreciated for the successful Project Management
Implementation of the Water Supply Project, Dar es Salaam, Tanzania
n Malawi delegation visited WAPCOS office during Study Tour on Irrigation Development
to India - 10th - 11th July 2017
n CMD, WAPCOS held meeting with
r George Mkondiwa, High Commissioner, Republic of Malawi
CMD, WAPCOS held meeting with George Mkondiwa, High Commissioner,

Republic of Malawi at WAPCOS Office, New Delhi
r Lyonpo Lekey Dorji, Minister for Economic Affairs, Royal Government of

Bhutan on 20.07.2017
CMD WAPCOS held meeting with Lyonpo Lekey Dorji,

Minister for Economic Affairs, Royal Government of Bhutan
42
WAPCOS
r Faggan Singh Kulaste, Minister of State for Health and Family Welfare,
Government of India on 11.07.2017
n CMD, WAPCOS alongwith WAPCOS officials visited National Water Academy, Pune
for the assessment of the present status and model of operations being adopted by
NWA and exploring the future potential on 14.07.2017
n WAPCOS participated in Rising Kashmir Expo 2017 at Srinagar, Jammu and Kashmir
3rd – 6th July, 2017
n International Yoga day:
r WAPCOS Celebrated International Yoga Day at India Gate, New Delhi,
Tanzania, Africa, Afghanistan and Fiji on 21.06.2017
WAPCOS Celebrated International Yoga Day
43
WAPCOS
r Parliamentary Standing Committee on Water Resources, Government of India

visited Kerala on 04.05.2017
Parliamentary Standing Committee on Water Resources, Government of India visited Kerala
r A presentation about WAPCOS activities was made before Parliamentary

Standing Committee on Water Resources, Government of India in Kerala on
15.05.2017
r Parliamentary Standing Committee placed on record their appreciation for

CMD, WAPCOS and his team for commendable performance and excellent
well-knit services for development of Water Resources, Infrastructure and
Power Projects
n The Prime Minister of India in his message dated 28.8.2017 for Annual Publication
“WAPTECH” has conveyed that :
r WAPCOS Ltd. has established its strong global signature in the domain of
Water, Power and Infrastructure as a leading consultancy and EPC organization
with its numerous successes in India and Abroad.
r It is significant that those successes, expertise and solution oriented practices

will find proper documentation in the Annual Publication-WAPTECH. I hope
44
WAPCOS
that the technical book will serve as a great reference for tackling challenges
and adopting solutions drawing on the vast experience of diverse projects.
n Parliamentary Standing Committee on Water Resources, Government of India visited

Visakhapatnam on 19.8.2017
r Presentation was made about WAPCOS activities in Visakhapatnam

r The Parliamentary Standing Committee lauded the untiring efforts of CMD,
WAPCOS for the tremendous growth and excellent performance of the
Company under his able and dynamic leadership; which turnaround the
Company as best performer company amongst PSEs.
n Photograph showing interview of CMD WAPCOS on DD News Channel (Economy
Today)
Interview of CMD WAPCOS on DD News Channel (Economy Today)
n CMD WAPCOS
r Attended the 3rd Meeting of Executive Council of Neriwalam on 19.08.2017.
The meeting was chaired by Dr. Amarjit Singh, Secretary, Ministry of Water
Resources, River Development & Ganga Rejuvenation, Government of India.
r Held meeting with Devendra Fadnavis, Chief Minister of Maharashtra in
Nagpur. Chief Minister was apprised about capabilities and activities of
45
WAPCOS
WAPCOS. Projects related to Pradhan Mantri Krishi Sinchayee Yojana (PMKSY)

and Water Grid Schemes were discussed during the meeting on 06.08.2017
CMD WAPCOS held meeting

with Devendra Fadnavis,
Chief Minister of Maharashtra for
apprising about capabilities and
activities of WAPCOS and also
discussed Projects related
to Pradhan Mantri Krishi
Sinchayee Yojana (PMKSY) and
Water Grid Schemes
r Held Meeting with Keshab Mahanta, Minister of Water Resources and

Science & Technology, Government of Assam at Secretariat, Guwahati on
18.08.2017
r Held Meeting with Losii Dikho, Minister of PHED, Printing & Stationary,
Government of Assam in Manipur on 17-08-2017. N. Sunil, Chief Engineer;
Shanbu Singh, Additional Secretary, Ministry of PHED, Printing & Stationary
and WAPCOS officials were also present during the meeting on18.08.2017
46
WAPCOS
n On 31.7.2017, 17th Technical Coordination Committee (TCC) Meeting to review the

progress of Punatsangchhu-I Hydro Electric Project (PHEP)-I, Bhutan and 7th Technical
Coordination Committee Meeting to review the progress of Punatsangchhu-II Hydro
Electric Project (PHEP)-II, Bhutan held at WAPCOS Office, New Delhi
Technical Coordination Committee (TCC) Meeting in progress to review the status of

Punatsangchhu-I & Punatsangchhu-II Hydro Electric Project, Bhutan
n On 9.8.2017, WAPCOS administered New India Movement Pledge 2017-2022 on the

occasion of “Quit India Movement” Anniversary at WAPCOS Office at New Delhi
WAPCOS administered New India Movement Pledge 2017-2022 on the occasion of

“Quit India Movement” Anniversary at WAPCOS Office, New Delhi
47
WAPCOS
n On 9.8.2017, 58th Meeting of Executive Committee of Indian Society for Rock

Mechanics and Tunelling Technology (ISRMTT), held under the Presidentship of
CMD WAPCOS at WAPCOS Office, New Delhi
CMD WAPCOS presiding 58th meeting of Executive Committee of Indian Society for
Rock Mechanics and Tunelling Technology (ISRMTT), held at WAPCOS Office, New Delhi
n On 29.8.2017, Dr. Amarjit Singh, Secretary, MoWR, RD & GR chaired Advisory

Board Meeting of National Water Academy, Pune
n North Koel Reservoir Project in Jharkhand and Bihar
r On 18.8.2017, WAPCOS appointment has been approved by the Ministry of
Water Resources, River Development & Ganga Rejuvenation, Government
of India as Project Management Consultant for execution of balance works,
amounting to Rs. 585 Crores for “North Koel Reservoir Project in Jharkhand
and Bihar” on Turnkey basis
r Situated on North Koel River, a tributary of Sone river finally joining the river
Ganga.
r Aims to provide irrigation to 111,521 hectares of land annually in the most
backward and drought prone areas of Palamu and Garhwa districts in Jharkhand
and Aurangabad and Gaya districts in Bihar.
n Meeting of CMD WAPCOS with Keshab Mahanta, Minister of Water Resources
and Science & Technology, Government of Assam at Secretariat, Guwahati on
18.08.2017.
48
WAPCOS
n On 30.8.2017, WAPCOS signed Memorandum of Understanding (MoU) with Power

Trading Corporation of India Limited
WAPCOS signed Memorandum of Understanding (MoU) with Power Trading Corporation of India Limited
n On 24.8.2017, Birender Singh Yadav, Indian High Commissioner to Ghana and Francis
Kingsley Ago Cudjoe, Deputy Minister of Fisheries and Aquaculture Development
visited the Fish Processing Plant in Elmina, Ghana
Birender Singh Yadav, Indian High Commissioner to Ghana and Francis Kingsley Ago Cudjoe,
Deputy Minister of Fisheries and Aquaculture Development visited the Fish Processing Plant in Elmina, Ghana
49
WAPCOS
r WAPCOS is Project Management Consultant for the Project. The Project is

funded by Government of India and is successfully commissioned and handed
over to the Ministry of Fisheries & Aquaculture Development. The Project is
currently being run by a Ghanaian Management Entity.
n Hon’ble President of India dedicated the Porbandar, Veraval, Salaya, Miyani &
Navibandar upgraded Fishing Harbors & Fish Landing Centers to the people on
02.10.2017. He also laid foundation stone of Mangrol Phase-III Fishery Harbor and
declared that construction of Madhwad and Navabandar Fishery Harbors shall soon
be taken up
r WAPCOS has carried out all the studies including preparation of Detailed
Project Reports and has been PMC for the above Fishery Harbors and Fish
Landing Centers
n India Water Week 2017 was held at Vigyan Bhawan, New Delhi on 10.10.2017
r Nitin Gadkari, Minister, Road Transport & Highways, Shipping and Ministry
of Water Resources, River Development & Ganga Rejuvenation inaugurated
the Exhibition at Indira Gandhi National Centre for Arts, New Delhi in the
presence of Arjun Ram Meghwal, Minister of State, Parliamentary Affairs
and Water Resources RD&GR, Dr. Amarjit Singh, Secretary (WR) and CMD
WAPCOS on 11.10.2017
Nitin Gadkari, Minister, Road Transport & Highways, Shipping and Water Resources,
50
River Development & Ganga Rejuvenation inaugurating the Exhibition
at Indira Gandhi National Centre for Arts, New Delhi
WAPCOS
r Nitin Gadkari, Minister, Road Transport & Highways, Shipping and Ministry
of Water Resources, River Development & Ganga Rejuvenation Arjun Ram
Meghwal, Minister of State and Dr. Amarjit Singh, Secretary, MoWR, RD &
GR along with CMD WAPCOS at WAPCOS Exhibits.
Nitin Gadkari, Minister, Road Transport & Highways, Shipping and Water Resources,
River Development & Ganga Rejuvenation, Arjun Ram Meghwal, Minister of State and
Dr. Amarjit Singh, Secretary, MoWR, RD & GR along with CMD WAPCOS at WAPCOS Exhibits
n During a program “Discovering New Horizons” held on 26.09.2017

r Nitin Gadkari, Minister, Road Transport & Highways, Shipping and Water
Resources, River Development & Ganga Rejuvenation, Government of India
quoted that “A Government Company, which has all capabilities and has
proved its mantle at National and International fora, is WAPCOS”
r Arjun Ram Meghwal, Minister of State, Parliamentary Affairs and Water
quoted that ¶fons'kh èkjrh ij ns'k dh feuh jRu ih-,l-;w- okIdksl osQ dk;Z dh ljkguk
lqudj cgqr vPNk yxk rFkk xkSjkfUor eglwl gqvkA¸
r Dr. Satya Pal Singh, Minister of State, Human Resources Development and
Water Resources, River Development & Ganga Rejuvenation, Government of
India quoted that “WAPCOS, a Public Sector Undertaking which is shining in
India and excelling all over the world - 42 countries”
51
WAPCOS
r Nitin Gadkari, Minister (Road Transport & Highways, Shipping and Water
Resources, River Development & Ganga Rejuvenation) received Dividend
Cheque of Rs. 35.00 Crore from CMD WAPCOS in the presence of Arjun
Ram Meghwal, Minister of State & Dr. Satya Pal Singh, Minister of State and
Dr. Amarjit Singh, Secretary for the year 2016-2017
Resources, River Development & Ganga Rejuvenation) received Bonus Shares
Certificate of Rs. 30.00 Crore from CMD WAPCOS in the presence of Arjun
Ram Meghwal, Minister of State & Dr. Satya Pal Singh, Minister of State and
Dr. Amarjit Singh, Secretary for the year 2016-2017
Resources, River Development & Ganga Rejuvenation) released the Book
titled “WAPCOS Discovering New Horizons” in the presence of Arjun Ram
Meghwal, Minister of State & Dr. Satya Pal Singh, Minister of State, Dr. Amarjit
Singh, Secretary and CMD, WAPCOS
r Nitin Gadkari, Minister (Road Transport & Highways, Shipping and

Water Resources, River Development & Ganga Rejuvenation) released
the Book titled “WAPTECH 2017” in the presence of Arjun Ram
Meghwal, Minister of State & Dr. Satya Pal Singh, Minister of State,
Dr. Amarjit Singh, Secretary and CMD, WAPCOS
n WAPCOS participated in 37th India International Trade Fair 2017 during 14th to
27th November, 2017
Resources, River Development & Ganga Rejuvenation) attended the Lamp
Lighting Ceremony along with Minister of State Dr. Satya Pal Singh and other
Dignitaries
52
WAPCOS
n Indorock 2017 - 7th Indian Rock Conference organized by ISRMTT in association with
CSMRS and WAPCOS at Hotel Radisson Blu, Dwarka, New Delhi on 25.10.2017
Arjun Ram Meghwal, Minister of State for Water Resources Inaugurated 7th Indian Rock Conference
organized by ISRMTT in association with CSMRS and WAPCOS at New Delhi
r Arjun Ram Meghwal, Minister of State, Parliamentary Affairs and Water

and CMD WAPCOS lit the lamp
r CMD, WAPCOS addressed at the Indorock 2017
n WAPCOS signed MoU on 27.10.2017 with Institute of Liver and Biliary Sciences
(ILBS) for supporting Liver Transplantation Surgeries of Economically Weaker Patients.
Through this MoU WAPCOS has decided to bear the cost of Liver Transplant Surgeries
at ILBS for 6 patients per year
n CMD WAPCOS welcomed R.C. Sinha, IAS and Former Managing Director,
Maharashtra State Road Transport Corporation (MSRTC) and apprised him of all the
mega infrastructure projects in India and abroad and way forward on 13.10.2017
n High Level Technical Meeting between Royal Government of Bhutan and WAPCOS
was held on 05.10.2017. WAPCOS is preparing the Detailed Project Report for Kuri-
Gongri H.E. Project, 2640 MW in Eastern Bhutan. This is the biggest Hydropower
project in Bhutan being taken up in Eastern Bhutan
53
WAPCOS
n CMD, WAPCOS inaugurated of WAPCOS’ Visvesvaraya e-Library in Gurugram on

20.09.2017. This is a step ahead towards making the valuable pool of information
readily available, easily accessible and traceable at our doorsteps.
CMD, WAPCOS inaugurating ‘WAPCOS Visvesvaraya e-Library’ in Gurugram
r WAPCOS participated in 9th Agro vision, 2017 (Central India’s biggest Agri
summit) held during 10-13 November 2017 at Nagpur
n CMD, WAPCOS: -
r Visited Mexico, Guatemala and USA from 17th to 24th January, 2018
l Signed MoU with Victor M. Rojas, President, Power Tech
Engineers, USA
Signing of MoU between WAPCOS & Power Tech Engineers, USA
54
WAPCOS
r Welcomed Dr. Liane THYKEO, Minister, Ministry of Agriculture & Forestry

and accompanied high level Delegation from Lao PDR during their visit to
WAPCOS Office on 13-01-2018 and apprised them about WAPCOS ongoing
projects and credentials for new projects, keeping in view the requirement of
the Government of Lao PDR
v signed MoU with Ministry of Agriculture and Forestry, Government of
Laos on 13.01.2018 for preparation of bankable Project Reports and
Project Management Consultancy for:
l Agriculture College in Champassack province
l Export Targeting Irrigation project
l Ground Water Mapping and its utilization
l Preparation of Master Plan for Water Resources Management
and Interlinking of Rivers
WAPCOS signed MoU with Ministry of Agriculture and Forestry, Government of Laos for preparation of
bankable Project Reports and Project Management Consultancy for Agriculture College in Champassack
province, Export Targeting Irrigation project, Ground Water Mapping and its utilization & Preparation of
Master Plan for Water Resources Management and Interlinking of Rivers
n C R Chaudhary, MoS of Commerce & Industry and L C Goyal, Chairman & MD

of ITPO presented Gold Medal to Akhil Kumar, JS (A & GW), Ministry of Water
Resources, River Development & Ganga Rejuvenation, Government of India and
WAPCOS officials for Excellence in Display at IITF 2017 on 27.11.2017
55
WAPCOS
n Anupam Mishra, Executive Director, WAPCOS and Claudio de Jesus, President of

Aguas de Portugal (ADP) signed MoU on 08.12.2017 for possible collaboration
in “Water Sector” in the presence of Minister of Environment Joao Pedro Matos
Fernandes and Ambassador of India to Portugal Mrs. K. Nandini Singla
n CMD WAPCOS called on Naveen Patnaik, Chief Minister of Odisha to brief about
WAPCOS ongoing projects and presented credentials for new projects on 08.01.2018
CMD WAPCOS called on Naveen Patnaik, Chief Minister of Odisha to brief about
WAPCOS ongoing projects and presented credentials for new projects
n CMD, WAPCOS distributed Prizes on 09.02.2018 to children and employees of

WAPCOS, who participated and won competition during Vigilance Awareness Week
(30.10.2017 to 04.11.2017)
n WAPCOS inaugurated 2 Nos. 120 Men Barrack and Residential Quarters Type-
II/32 Nos. & Type-III/8 Nos. at 28th Bn of Indo-Tibetan Border Police (ITBP) Rewari,
Haryana in presence of R.K. Pachnanda, Director General, ITBP, V.K. Singh, Deputy
Inspector General, ITBP, Pankaj Kapoor, Director (Finance), WAPCOS and A.N.N.
Prasad, Executive Director (P&D), WAPCOS on 15th February, 2017
n International Workshop on “Use of Large Diameter Pipelines for Mega Water

Conveyance Systems” at hotel Le Meridian, New Delhi was organized by WAPCOS
on 09.03.2018 wherein
r Chief Guest was Nitin Gadkari, Minister, Road Transport & Highways,
Shipping and Water Resources, River Development & Ganga Rejuvenation,
Government of India was the Chief Guest
r Guests of Honours were Arjun Ram Meghwal, Minister of State, Parliamentary

Affairs and Ministry of Water Resources, River Development & Ganga
56
WAPCOS
International Workshop on “Use of Large Diameter Pipelines for Mega Water Conveyance Systems”
was organised by WAPCOS at hotel Le Meridian, New Delhi
Rejuvenation - Dr. Satyapal Singh, Minister of State, Human Resources

Development and Ministry of Water Resources, River Development & Ganga
Rejuvenation, Government of India.
n Foundation Stone Laying Ceremony of 1 no. 120 Men at 25th Bn of Border Security
Forces at Chhawla Campus, Delhi was held on17.03.2018.
n Inauguration of Officers Institute at 25th Bn of Boarder Security Forces at Chhawla
Campus, Delhi was held on 17.03.2018.
n CMD WAPCOS held meeting with :
r Vishal Kumar Dev, IAS, and Commissioner-cum-Secretary to Government of
Odisha, Sports & Youth Services Department and Chairman-cum-Managing
Director, OHPC Ltd. at WAPCOS Corporate Office, Gurugram on 17.03.2018.
He briefed him about the expertise of WAPCOS and also apprised him of
WAPCOS displays at WAPCOS Gurugram Office.
57
WAPCOS
r Edward Kiwanuka Ssekandi, Vice President of Uganda and Ms. Vincent

Ssempijja, Minister of Agriculture, Animal Industry and Fisheries, Government
of Uganda.
CMD WAPCOS held meeting with Edward Kiwanuka Ssekandi, Vice President of Uganda and
Ms. Vincent Ssempijja, Minister of Agriculture, Animal Industry and Fisheries, Government of Uganda
r Dr. Saulos Klaus Chilima, Vice President of the Republic of Malawi, George
Mkondiwa, High Commissioner of Malawi to India and Malawi delegation
during CII Exim Bank Conclave on 27.03.2018.
r Minister of Energy, Government of Niger and Ali IIIiassou, Ambassador,
Embassy of Niger in New Delhi at hotel Le Meridien on 10.03.2018. He
briefed her about ongoing projects of WAPCOS in Niger and appreciated the
work of WAPCOS. Discussions were also held regarding bilateral cooperation
and new business in Niger.
Minister of Energy, Government of Niger and Ali IIIiassou, Ambassador, Embassy of Niger in New Delhi.
CMD WAPCOS briefed her about ongoing projects of WAPCOS in Niger
58
WAPCOS
r INGELE IFOTO, Minister of Energy and Hydraulic Resources, Republic of

DR Congo and Ms. Mossi Nyamale Rosette, Ambassador, Embassy of the
Democratic Republic of DR Congo at WAPCOS Office, New Delhi on
12.03.2018.
n R.K. Agrawal, Sr. General Manager (Commercial), WAPCOS visited on 19.03.2018
the project site of “400 KWp Solar Power works at MG University, Kottayam”. He
reviewed the progress of the project and briefed about the progress of works to
Sebi Sebastian, Vice-Chancellor of the University.
Polavaram Irrigation Project, Andhra Pradesh

Polavaram Irrigation Project is being executed across River Godavari in Andhra Pradesh. The
project envisages construction of Earth cum Rock Fill Dam (2454m long and 45m Height),
Concrete Spillway 1128.4m long with 10 under sluices (2.1m x 3m), 48 radial gates (16mx20m)
Navigation Channel (4.5km), Left Main Canal (181.5km) & Right Main Canal (174km) to provide:
irrigation to 291,000ha, Hydro Power 12x80MW, diversion of 80TMC to Krishna Basin and
supply of 23.44TMC for Visakhapatnam city. The Project has been declared as National Project
by Government of India in May 2014.
To conduct a realistic assessment and monitor works, WAPCOS is appointed as Project
Monitoring & Co-ordination Consultant by Polavaram Project Authority since April 2, 2018. The
construction works of Spillway & Spill Channel are being carried out round the clock. The progress
is 61.8% as of November 30, 2018. The target completion of the project is December 2019.
Project site visit of Nitin Gadkari, Minister, Road Transport & Highways, Shipping and Water Resources,
RD&GR and Chandrababu Naidu, Chief Minister, Andhra Pradesh
59
View of Spillway from Right Flank View point Excavation & Concreting for
Diaphragm Wall of ECRF Dam
WAPCOS
Turnover from Consultancy and

Engineering Projects Gross Income
Rs.1170.78
(Rs. in crore)
(Rs. in Crore) 1141.29
% Growth 907.00
• Over 2008-2009 : 889.84 730.60
616.70
548.30
452.70
335.50
236.30
115.30 151.20
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Proﬁtability
189.40*
(Rs. in Crore)
% Growth 161.38
• Over 2008-2009: 777.26
129.19
111.05
102.52
85.06
76.40
55.08
45.22
21.59
2008-2009 2009-2010 2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018
* Excludes expenditure on account of implementation of recommendations of

3rd Pay Revision.
60
WAPCOS
2345.53
(Rs. in 1983.64
Crore) 1747.46
% Growth
• Over 2008-2009 : 829.07 1375.92
901.25
527.76
452.12
315.84 396.48
252.46
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
Net Worth
(Rs. in Crore) (Rs. in crore)
% Growth
• Over 2008-2009 : 561.81
2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 2014-15 2015-16 2016-17 2017-18
61
WAPCOS
Dividend plus Dividend Tax

(Rs. in Crore) 50.63
Growth
• Over 2008-2009 : 1134.88% 42.13 8.63
7.13
Dividend 30.52
Dividend Tax 5.27

19.86
17.55 42
13.95 3.36 35.00
12.20 2.55
8.72 1.95 25.25
6.99 1.70
4.10 1.22 15.00 16.50
0.99 12.00
10.50
0.60 6.00 7.50
3.50
2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Paid Up Capital
100
(Rs. in Crore)
 Paid-up Capital increased to 50 times in the last 8 years 65

 Initial Investment by Government - Rs. 30 Lakh
 Borrowings Availed: Nil
35
25 25
16
8
1 2 3
0.3 0.5
1969 1992 1995 1997 2011 2012 2013 2014 2015 2016 2017 2018
62
WAPCOS
Directors’
Report
63
WAPCOS
64
WAPCOS
DIRECTORS’ REPORT
Your Directors have the pleasure in presenting the 49th Annual Report and the Audited Statement
of Accounts of the Company for the financial year ended 31st March, 2018.
FINANCIAL PERFORMANCE
The Financial Performance of the Company for the year 2017-18, along with the comparative
figures for 2016-17, is indicated below:-
(Rupees in Crore)
PARTICULARS 2017-18 2016-17
(A) INCOME
(i) Consultancy Services 335.98 309.59
(ii) Consultancy from Construction Projects 361.40 341.58
Total Consultancy Income 697.38 651.17
(iii) Construction Projects 443.91 270.19
Total Revenue from Operations 1141.29 921.36
(iv) Other Income 29.49 66.22
Total Income (A) 1170.78 987.58
(B) EXPENDITURE
(i) Consultancy Services 238.95 251.58
(ii) Consultancy from Construction Projects 231.04 227.63
Total Consultancy Expenses 469.99 479.21
(iii) Construction Projects 424.45 269.13
Total Projects Expenses 894.44 748.34
(iv) Admn./General expenses 81.74 77.93
(v) Depreciation 5.20 4.40
Total Expenditure (B) 981.38* 830.67
Profit Before Tax 189.40 156.91
Tax Expenses 57.90 58.34
Profit/(Loss) for the period 131.50 98.57
* Excludes expenditure of Rs. 25.72 crore on account of implementation of recommendations of 3 Pay Revision Committee
rd
during the year.
65
WAPCOS
The total Income for the year 2017-18 has been Rs. 1170.78 Crore against Rs. 987.58 Crore in
2016-17 reflecting an increase of 18.55%.
The Profit before Tax has been Rs. 189.40 Crore against Rs. 156.91 Crore last year, which is an
increase of 20.71%. The Company’s MoU achievements for 2017-18 are as under: -
Revenue from operations (Net of excise duty)

The revenue from operations of the Company for the Financial Year 2017-18 is Rs. 1141.29
crore. The exports as a percentage of revenue from operations are 38.88%.
Operating Profit
The Operating Profit of the Company for the Financial Year 2017-18 is Rs. 159.91 crore which
has been arrived at by deducting expenditure of Rs. 981.38* crore from Revenue from Operations
amounting to Rs. 1141.29 crore. The Operating Profit as a percentage of Turnover is 14.01%.
Further, the operating profit as a percentage to revenue from operations is 11.76%.
*Excludes expenditure of Rs. 25.72 crore on account of implementation of recommendations of

3rd Pay Revision Committee during the year.
Trade receivables
Trade receivables of the Company as at 31.03.2018 are Rs. 774.12 crore out of which
Rs. 229.90 crore are deferred debt presently not due for payment. Thus, the net trade receivables
as on 31.3.2018 amounts to Rs. 544.22 crore. Net trade receivables (Rs. 544.22 crore) as %age
of Revenue from Operations (Rs. 1141.29 crore) works out to 47.68%, which as number of days
of revenue from operation (gross) are 174.
Profit After Tax and Average Networth

The Profit after Tax for the Financial Year 2017-18 is Rs. 105.78 crore while the Average
Networth as at 31.3.2018 stands at Rs. 465.66 crore. The Profit after Tax (Rs. 105.78 crore) as
a percentage of Average Networth (Rs. 465.66 crore) works out to 22.72%.
Transfer to General Reserve

The Company has not transferred any amount to the reserves during Financial Year 2017-18
66
WAPCOS
Reduction in Claims
The value of claims not acknowledged as debt (claim raised by others) as at 31.03.2018 amounts
to Rs. 24.09 crore as against Rs. 25.97 crore for the previous year. Thus, the Company has been
able to reduce such claims by 7.23%.
BONUS SHARES
The Company issued Bonus Shares worth Rs. 35 crore to Members of the Company in March,
2018 in the ratio of 35:65 i.e. thirty five equity shares of Rs. 100/- each for every sixty five equity
shares of Rs. 100/- each held.
CAPITAL STRUCTURE
At the end of the year under review, both the Authorized and Paid-up Share Capital of the
Company stood at Rs. 100 Crore each.
DIVIDEND
For the year under review, the Board of Directors in its 226th Meeting held on 4th June 2018
declared Interim Dividend of Rs.42 per equity shares of Rs.100 each totaling Rs. 42 Crore i.e.
42% of the Paid up Capital of Rs.100 Crore, which is the dividend for the year 2017-18. The
dividend distribution tax paid has been Rs.8,63,32,260.
FIXED DEPOSITS
The Company has neither invited nor accepted any Fixed Deposits during the financial year
under review.
BUY-BACK OF SHARES
The Company has not resorted to any buy-back of shares during the year under review.
MoU SCORE FOR THE YEAR 2016-17

WAPCOS achieved MoU Composite Score of 100 with MoU rating “Excellent” for the year
2016-17 on the basis of audited data which was conveyed by the DPE. This is the highest
achievable score under the MoU system of Company’s Performance Evaluation by the DPE. This
achievement was informed to the Board in its 224th meeting held on 22.02.2018.
67
WAPCOS
QUALITY MANAGEMENT SYSTEM

The Quality Management System of WAPCOS conform to the requirement of the standard
ISO 9001:2015 with respect to Consultancy Services in Water Resources, Power and Infrastructure
Development Projects by Indian Register Quality Systems and Engineering, Procurement &
Construction (EPC) Projects related to Residential, Office Buildings, Civil Works, Roads &
Highways, Irrigation, Agriculture and Water Projects, Electrical Power Projects for Generation,
Substation, Transmission. Distributions networks, Rural Electrification and renewable Energy,
Industrial, IT, Telecommunication and related Projects by BMSCERT Quality Assessors.
Awards for WAPCOS

u Hon’ble President of India presented “SCOPE Meritorious Award-” Institutional
Category in the presence of Anant G. Geete, Union Minister for Heavy Industries &
Public Enterprises, Government of India.
SCOPE Award for Excellence and Outstanding Contribution to the

Public Sector Management – Institutional Category
68
WAPCOS
u Hon’ble President of India presented “SCOPE Meritorious Award”- Corporate

Governance in the presence of Anant G. Geete, Union Minister for Heavy Industries
& Public Enterprises, Government of India.
SCOPE Meritorious Award– Corporate Governance
u Minister of State of Parliamentary Affairs and Water Resources, RD & GR

Arjun Ram Meghwal presented “ Water Awards 2017-2018” in the presence of
“Water Awards 2017-2018” in the category of Made in India –

Best Water Company (Public Sector) supported by UNESCO
69
WAPCOS
“Water Awards 2017-2018” in the category of Made in India – Best Consultancy supported by UNESCO
U.P. Singh, Secretary, Ministry of Water Resources, RD & GR in the categories of

Made in India – Best Water Company (Public Sector), Best Consultancy which was
supported by UNESCO.
u Hon’ble President of India presented “SCOPE Award for Excellence and Outstanding
Contribution to the Public Sector Management- Outstanding Women Manager in
PSE” to Ms. Pooja Kapoor, Head (Business Development), WAPCOS in the presence
of Anant G. Geete, Union Minister for Heavy Industries & Public Enterprises,
Government of India.
u Minister of State of Human Resource Developement and Water
Resources, RD & GR Dr. Satya Pal Singh conferred WAPCOS
with “Best Consultancy Organization in Water Resources Sector”
at the CBIP Award 2018 at Scope Convention Centre, New
Delhi in the presence of U.P.Singh, Secretary, Ministry of Water
Resources, RD & GR.
“Best Consultancy Organization in

Water Resources Sector” the CBIP
Award 2018 at Scope Convention
Centre, New Delhi
70
WAPCOS
u WAPCOS has been awarded ASSOCHAM India Africa Champion in Biz Awards
2017 for 3 categories, “Achievement in Power & Renewable Energy”, “Exemplary
services in Agriculture” and “Dedicated Leadership in Infrastructure”
ASSOCHAM India Africa Champion in Biz Awards 2017 for 3 categories, “Achievement in Power &
Renewable Energy”, “Exemplary services in Agriculture” and “Dedicated Leadership in Infrastructure”
u CSR Leadership Awards- Best Corporate Social Responsibility Practices, World Water

Leadership Award - Best Community Water Project, Corporate Affair Leadership
Award - Best Use of Media Relations by ET Now- Rise with India.
CSR Leadership Awards- Best Corporate Social Responsibility Practices, World Water Leadership
Award - Best Community Water Project, Corporate Affair Leadership Award - Best
Use of Media Relations by ET Now- Rise with India
71
WAPCOS
u Corporate Governance & Sustainability Vision Award 2018 by Indian Chamber of

Commerce.
Corporate Governance & Sustainability Vision Award 2018 by Indian Chamber of Commerce
u “Scope Corporate Communication Excellence Awards 2017” - Best Corporate

Communication Campaign/Program (External)
“Scope Corporate Communication Excellence

Awards 2017”
72
WAPCOS
u PSE Excellence Award 2016 “Operational Performance Excellence”
PSE Excellence Award 2016 “Operational Performance Excellence”
73
WAPCOS
u PSE Excellence Award 2016 “Contribution of Women in PSEs”
PSE Excellence Award 2016 “Contribution of Women in PSEs”
74
WAPCOS
u Times Ascent and World HRD Congress confers CMD WAPCOS “CEO with HR
Orientation Award”.
Times Ascent and World HRD Congress confers CMD WAPCOS “CEO with HR Orientation Award”.
75
WAPCOS
u ET Now - Rise with India and CSR Leadership Awards confers CMD WAPCOS
“CEO of the Year”, “Outstanding Contribution of Water” & “Corporate and Business
Communication”.
ET Now - Rise with India and CSR Leadership Awards in the categories of “CEO of the Year”,
“Outstanding Contribution of Water” & “Corporate and Business Communication”
u India Africa Champion-in-Biz-Awards – 2016 in the categories of Dedicated

Leadership in Infrastructure, Achievement in Power and Renewable Energy which
was supported by the ASSOCHAM.
ASSOCHAM India Africa Champion in Biz Awards 2016 for 3 categories, “Achievement in Power &
Renewable Energy”, “Exemplary services in Agriculture” and “Dedicated Leadership in Infrastructure”
76
WAPCOS
u WAPCOS conferred with “National Award for Excellence” for the categories for
“Outstanding Contribution to Water” & “Water Company of the Year”, at Asia Pacific
HRM Congress Awards 2017.
WAPCOS conferred with “National Award for Excellence” for the categories for “Outstanding Contribution
to Water” & “Water Company of the Year”, at Asia Pacific HRM Congress Awards 2017
BUSINESS DEVELOPMENT
Business Development is among the foremost concerns of any organization. During the year
under review, the Company forayed and forged ahead to secure new business in countries like
Angola, Afghanistan, Bangladesh, Benin, Bhutan, Burkina Faso, Burundi, Cambodia, Central
African Republic, Chad, DR Congo, Ethiopia, Fiji, Georgia, Ghana, Guinea Conakry, Kenya,
77
WAPCOS
Kazakhstan, Lao PDR, Lesotho, Liberia, Malawi, Maldives, Mali, Mongolia, Mozambique,
Myanmar, Nepal, Niger, Nigeria, Philippines, Rwanda, Senegal, Sierra Leone, South Sudan,
Sri Lanka, Swaziland, Tanzania, Tajikistan, Togo, Uganda, Uzbekistan, Vietnam, Yemen and
Zimbabwe. Within India, Company ventured into new fields allied to Company’s Core areas
and secured projects in Government of India’s developmental initiatives. During the year 2017-
2018, New Orders target of Rs. 950 crore under the “Excellent” category, the Company has
secured new orders of Rs. 2345.53 crore. WAPCOS is registered with various international
funding agencies for participating in the funded projects like World Bank, Asian Development
Bank, African Development Bank, Japan Bank for International Cooperation, United Nations
Office for Project Services, French Development Agency and German Development Bank.
The Company also participated in various National and International exhibitions such as 52nd
African Development Bank (AfDB) Annual Meet and Exhibition at Gandhinagar held from 22nd
– 26th May, 2017; CSR Fair at Pragati Maidan, New Delhi organized by Department of Public
Enterprises from 4th to 6th May, 2017; 37th India International Trade Fair 2017 from 14th –
27th November, 2017; Indorock 2017 - 7th Indian Rock Conference organized by ISRMTT in
association with CSMRS and WAPCOS at New Delhi on 25.10.2017; International Workshop
on “Use of Large Diameter Pipelines for Mega Water Conveyance Systems” New Delhi on
09.03.2018.
CORPORATE COMMUNICATIONS
The Corporate Communications Division keeps track of market intelligence, coordinates
submission of expressions of interest and updates registration with multilateral funding
agencies as well as other executing agencies. It represents the Company in deliberations
at Joint Commissions/Mission meetings, technical and trade associations as well as Joint
Business Councils for exploring job opportunities and membership of various agencies. It
is entrusted with the task of submission of nominations for various Awards; publication of
brochures, publicity through advertisements, participation in exhibitions, periodic reports
and press releases to indicate significant developments in the Company. It also monitors
Memoranda of Understanding with associates / agents in foreign countries besides Memoranda
of Understanding for joint ventures with consultancy organizations from other countries. The
work of preparation of periodical reports and returns such as monthly bulletins and bids under
evaluation is also looked after by this Division. It also monitors the MoU targets as laid-down
by the DPE as well as liaisoning for human resources development programmes, linking with
the website and networking with other organizations like SCOPE, EEPC, FICCI, FIEO, CBIP,
CII, CEAI, ICID, IWRS, ISRMTT, CDC etc.
78
WAPCOS
PROJECTS IMPLEMENTATION
The following 12 ongoing Projects to be completed/in-progress were identified for monitoring/
completion of important milestones under the MoU 2017-18, which was signed between
Ministry of Water Resources, River Development & Ganga Rejuvenation and WAPCOS: -
u Kholongchhu H.E. Project (600 MW)

u Construction of additional water storage reservoir and associated structures at
Vishakhapatnam Steel Plant
u Monitoring & Evaluation for UPSLR-III Project
u Consultancy services for Punatsangchhu-I HE Project, Bhutan
u Consultancy services for Punatsangchhu-II HE Project, Bhutan
u Skill support for Operational & Maintenance of Hwange Power Station for Zimbabwe
Power Company (Private) Limited (ZPC), Zimbabwe
u Electrification project of 150 rural communities in Togo (Rural Electrification Phase-4
& Phase-I)
u Technical Assistance for assessment development of detailed design, development of
service option & modality and preparation of Water Supply and Sanitation scheme in
implement through private sector participation in O & M of WSS Scheme in Thirty(30)
towns of Bangladesh
u Detailed Project Report for “Diversion of Surplus water of Sabarmati basin for filling
of Jawai Dam”
u PMC- Supervision for augmentation of Water Supply Scheme in Dar-es-Salaam and
Chalinze, Tanzania
u Project Development and Management Consultancy for Atal Mission for Rejuvenation
and Urban Transformation (AMRUT) including Project Management of other Notified
Schemes in Project-Package-II, Madhya Pradesh
u Export Targeting Modern Irrigated Agriculture Projects in Rwanda
The above Projects were monitored by a Senior Level Committee comprising of Director
(Finance), Executive Director (Projects & HRD) and Executive Director (Planning &
Development) on a periodical basis. The milestones related to all the 12 Projects have been
completed/achieved.
79
WAPCOS
FOREIGN PROJECTS
ASIAN REGION
BHUTAN
u Design Engineering for Punatsangchhu-I Hydro Electric Project
2M Diameter RCC Piling Works, Punatsangchhu-I Hydro Electric Project
u Design Engineering for Punatsangchhu-II Hydro Electric Project
Coffer Dam – Punatsangchhu-II Concreting in Coffer Dam – Punatsangchhu-II

Hydro Electric Project Hydro Electric Project
80
WAPCOS
u Technical Services on Design & Construction of 400 kV Transmission lines

Mangdechhu Hydro-Electric Project
u Consultancy Services for Kuri Gongri HE Project
BANGLADESH
u Techno Economical Feasibility Study for Setting up of an Inland Container Depot

(ICD) at Ishurdi.
u Enhancement of capacity of grid substation and transmission line for rural electricity
T&D project funded by World Bank
132kV substation at Nawabganj
81
WAPCOS
CAMBODIA
u Project Implementation Consultancy for Construction of 230 kV Double Circuit

Transmission Line Tower with Twin ACSR “Bittern” Conductor with Stringing of
Single Circuit between Stung Treng and Kratie Project
Stung Tasal Dam Project
u Stung Tasal Water Resources Project (Phase-I and Phase-II) under Line of Credit of
Government of India
u Supply and Installation of 1500 Hand Pumps for Augmentation of Rural Water Supply
Supply and Installation of Hand Pumps for Augmentation of Rural Water Supply
82
WAPCOS
u Study of Groundwater Resources of Kampong Speu Province
Exploratory Drilling at Kong Pisei and Basedth Districts of Kampong Speu Province
LAO PDR
u Extension of Thabok and Nabong Substation at 230kV Rating, Extension of One

No. of 115 kV Line Bay at Nam Gnuang (Thasala) 115/22 kV Substation, 115 kV
Single Circuit Transmission Line from Nam Gnuang (Thasala) to Laksao, 115/22 kV
Substation at Laksao in Lao People’s Democratic Republic
230/115 kV Thabok Substation
83
WAPCOS
u Construction of Storage Dams and Development of Irrigation Systems, Department of

Irrigation, Ministry of Agriculture and Forestry
PMC Taking Levels of Canal bed for varify Longitudinal Slope at Na Phork Site (Site No. 20), Vientuiane Capital
MALDIVES
u Project Management for Kulhudhuffushi Harbour Expansion Project.
Bore Hole drilling at site Topographical Survey at site
MONGOLIA
u Project Management for Construction and Establishment of Atal Bihari Vajpayee Center
of Excellence in Information Technology, Communication and Outsourcing Center.
84
WAPCOS
MYANMAR
u Development of Irrigation and Land Consolidation Schemes.
Existing Weir at Kunchaung Irrigation Scheme
u Feasibility and Detailed Project Report for the Mytkyina –Putao Road in Kachin State.
Survey at Yenwe Irrigation Scheme Project area
85
WAPCOS
NEPAL
u EIA Studies for Arun-3 HEP, Khanbari
u Project Management Services for Koshi Corridor 220 Kv Double Circuit Transmission
Lines and Associated Substations
u Detailed Project Reports and CEIA Study of Pancheshwar Multipurpose Project
(4800MW)
u Construction Supervision and Construction Management for Kulekhani-III HEP
u Project Management for Strengthening of India - Nepal Power Transmission line
Interconnection at 132 kV Level
132kV Kushaha Grid Switching Station
132kV Kushaha Grid Switching Station

Control Room
u Detailed Project Report and Project Management Consultancy for installation facilities
for rain water harvesting and solar power plant at Embassy of India, Kathmandu
86
WAPCOS
UZBEKISTAN
u Preparatory Consultant for Sustainable Hydropower Project
AFRICAN REGION
BURUNDI
u Kabu 16 (20 MW) Hydro Electric Project
D.R. CONGO
u Project Management for Grand Katende Hydro Electric Project
FIJI
u Professional Services – Clients Representative for Design and Build Contract – Upgrading
Water and Waste Water Pipe Network – Central/Eastern and Western Urban Centres
u Engineering Services for review of construction of Rakiraki Bridge project
GHANA
u Completion of the Kpong Left bank Irrigation Project (KLBIP)
u IUESMP and Preliminary design of Prioritized Interventions for Greater Accra
Municipal Authority
MOZAMBIQUE
u Towers Erection in BL-2 High Voltage Line (Influene – Ressano Garcia) to Elevate the
Sag at N4 & Maputo Circular Road’s Crossing Places
u Additional Works for Consultancy Services for Design for Project of improving the
Quality of Power Supply-Distribution (Lot-1)
66kV Cable Jointing in Maputo City Installation of SVL Link Box in Maputo City
87
WAPCOS
u Tackling Erosion and Increasing Safety Distance in Towers at Rivers Crossing on EDM
T&D Lines
Tower 1108 of Line C36 110 kV near

river Mieze in cabodelagado province
Tower 66 of Line B03 220 kV near

river Tete in Tete province
u Reconstruction Works of 5 Km of the 110 kV Transmission Line, Macia – Lionde

u Tender Engineering, Design Review and Construction Supervision for Emergency
Project – Overhead Transmission Lines and Cables
u Design and Construction Supervision of Rehabilitation of Road N280/281 between
Tica, Buzi and Nova Sofala in Sofala Province, EXIM Bank of India funded Project.
u Irrigation Service Provider for Horticulture in Mozambique - PROIRRI.
REPUBLIC OF TOGO
u Assistance to Client for Engineering Studies, Supervision and Control of Rural

Electrification Project Phase 4
88
WAPCOS
u Detailed Draft Project Update, the Project Allotment and the Tender Documents and
Support to CEB for the Procurement of the 161 kV Power Transmission Line Linking
Kara-Mango-Dapaong and Associated Substations (Phases 1 and 2)
WAPCOS team at proposed Dapaong substation site Officials of CEB and WAPCOS
on wrap up meeting at CEB office, Lome
RWANDA
u Export Targeted Modern Irrigated Agriculture Projects
“Development of Irrigation and Watershed Management in Mpanga Sector, Kirehe District”

consisting of Residential Houses, Offices, Material Testing Laboratories and Allied Infrastructure -
Site Establishment Works
89
WAPCOS
SWAZILAND
u Project Management Consultant for Turnkey Project for ensuring Food Security
through increased Maize Production by Soil Conditioning, Farm Mechanization and
Granular Fertilizer Application.
TANZANIA
u Project Management Services for Augmentation of Water Supply Scheme in

Dar Es Salaam and Chalinze (Design & Construction Supervision Phase).
u Project Management Services for extension of Lake Victoria Pipeline to Tabora,
Igunga and Nzega Towns (Design Phase) (under Government of India’s Line of
Credit)
Laying of MS 900 mm pipe in trench b/w Nzega Junction & Igunga Junction
90
WAPCOS
UGANDA
u Project Management and Construction Supervision of 1392 Km of Medium Voltage

Lines and 1482 Km of Low Voltage Network funded by AfDB
Installation of Pole Mounted 50 kV 33/0.415 kV Distribution Transformer
ZIMBABWE
u Skill Support for Operation and Maintenance of Hwange Thermal Power Station
(920 MW) for Zimbabwe Power Company
u Up-Gradation of Deka Pumping Station and River Water Intake System at Hwange
Thermal Power Station for Zimbabwe Power Company
u Provision of Specialist Consultancy Services for Hwange Stages I and II Plant
Improvement at Hwange Thermal Power Station, for Zimbabwe Power Company
91
WAPCOS
u Replacement of Existing Boilers with CFBC Boilers for Small Thermal Power Station
at Harare, Bulawayo and Munyati for Zimbabwe Power Company
u Supply of Custom Built Simulators for 220 MW and 120 MW in Zimbabwe and to
Train the Trainers for Skill Development of Zimbabwean Engineers and Operators in
Zimbabwe for Zimbabwe Power Company
u Provision of Training Services in Plant Optimization at Hwange Power Station
u Provision of Independent Structural Assessment of Turbine and Boiler Houses:
Hwange Power Station
u Project Management Consultancy Services for Gairezi Hydro Electric Project (30MW)
INDIAN PROJECTS
STATE PROJECTS
Andhra Pradesh u Technical Assistance in Project Management and Quality Check for
the Underground Cable Works in Visakhapatnam City
Laying of 11kV cables in bottom layer Second layer of Cables,

compacted sand layer
u Assessment of Non-Revenue Water and Developing Strategy and

Implementation Action Plan for Reduction of Non-Revenue Water
in 29 AMRUT ULBs (Package-I to Package- VI)
u PMC for Additional Water Storage Reservoir for Visakhapatnam

Steel Plant
u Conjunctive use of surface and ground water pilot project under

APWSIP
92
WAPCOS
STATE PROJECTS
u Monitoring, Evaluation, Learning & Documentation (MEL&D) of

Integrated Watershed Management project (Cluster-IV)
u Creation of Additional Ayacut in eastern part of the Adilabad District

under Dr. B.R.A.P.P.
u Third Party Supervision, Monitoring and Measurement of Works for

the Buildings Kurnool & Tirupati
u Preparation of DPR, Detailed Engineering designs for 4 Districts
u Development of Fishery Harbour at various locations in Andhra

Pradesh 1) Juvvaladinne in Nellore District, 2) Uppada in
East Godavari District, 3) Vodarevu in Prakasam District,
4 Machilipattnam in Krishna District and 5) Nizampatnam Guntur
District.
u Development of Fishery Harbour at various locations in

Andhra Pradesh 1) Budagatlapalem in Srikakulam district,
2) Pudimadaka in Visakhapatnam district, 3) Kothapatnam in
Prakasham district.
u Detail project report for development of passenger/ cargo jetty &

allied infrastructure at five locations
u Consultancy Services for Protection of Shoreline from Soil Erosion

at Odalarevu, East Godavari District
Assam u EIA Study for Lower Kopili HEP
u EIA Study for Chanju Basin Kopili HEP
u Detailed Engineering & Consultancy Services for provision of

Buildings & Services at Baisakhi Complex.
u Detailed Engineering and Consultancy Services for provision of

Certain OTM Accommodation Works at Thakurbari & Godamghat
Complex
93
WAPCOS
STATE PROJECTS
Chhattisgarh u Project Management Consultant for Development of Ring Road

No. 4, Road Network System, Water Supply System, Sewerage,
Electrical Networks, Storm Water Drains and Reuse System
including Defect Liability for Kamal Vihar, Raipur
Development of Ring Road and Road Network System
Gujarat u Third party Technical Consultancy Services for supervision of

Refurbishing, Restoring and installation of radial gate parts and other
appurtenant parts to its full performance for main dam of Sardar
Sarovar Project along with other associated hydro mechanical works.
u Upgradation of Fish Landing Centre at Mangrolbara, Miyani,

Navibandar, Sachana & Salaya
Haryana u Project Management Agency for Implementation of Deendayal

Upadhyaya Gram Jyoti Yojana.
u Survey and preparation of Detailed Project Reports
/
Tender
Documents for 9 ULBs under AMRUT Mission
u Survey and preparation of Detailed Project Reports / Tender Documents
for 18 ULBs (including additional 9 ULBs) of Haryana State under
AMRUT Mission, Directorate of Urban Local Bodies, Punchkula
94
WAPCOS
STATE PROJECTS
Himachal Pradesh u EIA Studies for Reoli Dugli HEP, Lahol Spiti
u Assessment of Non-Revenue Water and Developing Strategy and

implementation action plan for reduction of Non-Revenue Water
in Shimla
u Prefeasibility Report & DPR for the Project providing irrigation

Reclaimed Area under Swan River Channelization Management
Programme including adjoining Irrigable Area in District Una
Jammu & Kashmir u Detailed Project Report including Technical and Financial Study in
River Jhelum (NW-49)
Karnataka u DPR studies for Sharawathy Pumped Storage Project, KPCL
Kerala u PMC works for operation & maintenance for various facilities of
Kochi SEZ
Operation & Maintenance for various facilities of Kochi SEZ
Madhya Pradesh u EIA study for Lower Orr Irrigation Project, Sagar
u EIA study for Bina Complex Irrigation Project, Sagar
u EIA study for Parsahdoh Irrigation Project, Multai
u Preparation of Feasibility Report and DPR on Sewerage and Sewage

Treatment for Bhopal City
u Project Management Consultant for World Bank Funded Madhya

Pradesh Urban Development Project
95
WAPCOS
STATE PROJECTS
Maharashtra u EIA Study for Nandgaon Port
u EIA Study for extension and deepening of navigation channel at

Mazgaon Dock Limited, Mumbai
u Preparation of Detailed Project Report with pre-requisite Survey

work & Design Component for Mega Recharge Scheme of Ground
Water in Tapi Alluvial Basin, (Task - II).
u Two stage Detailed Project Report (DPR) of 4 National Waterways

(River Tapi, River Mahi, River Narmada and River Sabarmati) in the
State of Gujarat and Maharashtra.
u Techno-economic Feasibility Study for Coastal Cargo in Maharashtra

and Development of Vasai, Jaigad and Rajpuri Creeks for Integrated
Transport.
u 500MW Ultra Mega Solar Power Project, Maharashtra
Odisha u Proof Engineering Consultancy for Implementation of Mega Lift

Projects in Cluster No. III.
IW Trash Rack level lowering MSDSS-6 Approach Road &

1 side & Stone Pitching Works Ancillary Works
u Proof Engineering Consultancy for Implementation of Mega Lift

Projects in Cluster No. X.

Projects in Cluster No. XII.

Projects in Cluster No. XIII.
96
WAPCOS
STATE PROJECTS
u Project Management Consultancy of Cluster No. III of Mega

Lift Project in the Districts of Bolangir, Bargarh, Jharsuguda and
Sambalpur Districts
u Project Management Consultancy of Cluster No. IX of Mega Lift
Project in the District of Sundargarh 05 No. of Blocks
Excavation for HDPE Pipeline Laying HDPE Pipeline Jointing

in Jamsara LIS at Mitkundar LIS
u Project Management Consultancy of Cluster No. XIII of Mega Lift

Project in the Districts of Kalahandi and Nuapada
u Project Management Consultancy for Construction of 241 Nos.
33/11kv Sub-stations and associated lines under Phase-I, Phase-II
and Phase-III of Odisha Distribution System Strengthening Project
in NESCO and WESCO area
33/11kV 2×5 MVA GIS 33/11kV 2×5 MVA AIS Ambadali

Raghunathpur PSS in NESCO Area of PSS in NESCO Area of Odisha
Odisha Under ODSSP Project Under ODSSP
u Owner’s Proof Engineering Consultancy for execution of Lift Canal

System of Upper Indravati Irrigation Project
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WAPCOS
STATE PROJECTS
u Owner’s Engineer for Construction of Ash Pond for 2 X 660 MW– IB

Valley Thermal Power Plant Expansion Project Jharsuguda District
u Renovation and Modernization of Unit#3 of Chiplima Hydro
Electric Project, Chiplima
Preparation for Generator Rotor Drainage and Dewatering System

Building at Service Bay
u Comprehensive Contract Management Services for Renovation and

Modernization of Hirakud Hep, Burla, Unit No. 5 and 6 (2×43.6 MW)
Pressure Finger Assembly for Stator Stator Sole Plate Shuttering Works
u Comprehensive Contract Management Services for Implementation

of Renovation and Modernization of Balimela HEP, Unit No. 1 to 6
(6×60 MW)
u Bankable DPR for Kharag Hydro Electric Project on River Kharag in
District of Kandhamal
u Tender Documents for Selection of EPC Contractor for Supply and
Installation of 10MW Capacity for Small Hydro Electric Project at
Mandira Dam
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WAPCOS
STATE PROJECTS
u Tender Documents for Jambhira Small Hydro Project (2x1.5 MW)

u Tender Documents for Kanupur Small Hydro Project (2x2.1 MW)
u Project Management Consultant for Engineering, Supply, Erection
and Commissioning of dedicated 11 kV Trunk Lines and Spur Lines
from existing 33/11 kV Sub-stations works within the jurisdiction of
DISCOMs under ODAFFP-Fishery Feeders (Phase-I)
u Detailed Project Report for Upper Indravati Pumped Storage Project
(600 MW)
u Bankable DPR for Salki H.E. Project on river Salki in Boudh District
u Pumped Storage Power Plant at Upper Kolab HEP Bariniput in
district of Korapat
Punjab u Electro-Mechanical works of Shahpurkandi HE Project (206MW),

Gurdaspur
Rajasthan u Topographical, Cadastral survey of the project area, Detailed Study

of Project area systems and identification of problems & Redesigning
of Irrigation & Drainage System & Preparation of Detail Project
Report for revamping of Chambal Canal’s Distribution System in
Right & Left Main Canal
Water flowing through Lowering and laying of 3000 MM dia.

UGPL Turnout pipe at ch. 700 M for UGPL Irrigation
u Water Supply Schemes for Smart Cities Udaipur and Ajmer in

Rajasthan Public Health Engineering
u Water Supply Scheme for Kota in Rajasthan, Public Health
Engineering
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WAPCOS
STATE PROJECTS
u Third party inspection of material purchase by Jodhpur Discom,

Jodhpur Vidyut Nigam Ltd
u Third party inspection of material purchase by Jaipur Discom, Jaipur
Vidyut Nigam Ltd
u Survey and preparation of New Zonal Plan and Sector Plan as per
Jodhpur Development Authority Act 2009 in Jodhpur
u Monitoring, Evaluation, Learning & Documentation (MELD) of
Watershed Projects in Jodhpur, Kota & Bharatpur Divisions
u Detailed Project Report for Eastern Rajasthan Canal Project
u Diversion of Surplus Water of Sabarmati Basin for filling of Jawai
Dam Project
u Survey/Resurvey of Jaipur Zone
u Rectangulation & Sub-rectangulation Survey & Preparation of
Schedule - 4 & Schedule - 8 in SNIP Command, Hanumangarh
Sikkim u Review & Re-casting of DPR and Project Management Agency

services for Deen Dayal Upadhyaya Gram Jyoti Yojana under
Energy & Power Department, Government of Sikkim in four districts
u Review & Re-casting of DPR and Project Management Agency
services for Integrated Power Development Scheme under Energy
and Power Department
u Lender’s Engineer of 400Kv Teesta III HE Project to Kishanganj
Transmission Line Project
u Detailed Design, Construction Supervision for Balance Works of
1,200 MW Teesta III HE Project
1,200 MW Teesta III Hydro Electric Project
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WAPCOS
STATE PROJECTS
Tamil Nadu u PMC for Water Supply Scheme at Tiruchirappalli City Corporation
u Project Management Agency for Implementation of Integrated
Power Development Scheme and Deendayal Upadhyaya Gram
Jyoti Yojana.
u Executing Kundah pumped Storage Hydro-Electric Project
(4x125MW) in Nilgiri Hills
Telangana u Monitoring, Evaluation, Learning & Documentation (MEL&D) of

Integrated Watershed Management Project (Cluster-III)
u Detailed Project Report (DPR) for Kaleshwaram Project.
u Vetting of DPRs and TPQC for Rural water supply schemes of
Telangana State (Water Grid Project)
u Vetting of DPRs for Lift Irrigation Scheme from Mid Manair –
Tadkapally – Pamulaparthi – Nizam Sagar
u DPR for two barrages Annaram and Sundilla between Yellampally
and Kaleswaram
u Detailed Survey for the alternative alignments for Dindi Lift Irrigation
scheme from Narlapur Reservoir to Dindi Reservoir
u Formation of Reservoir at Malkapur Village including lifting
arrangements from Dharmasagar
u Feasibility report for diverting water from Medaram Reservoir to
Kakatiya canal through Water Conductor System after creation of
artificial Reservoir at Pattipaka
u Dam Break Analysis for Meddigada, Annaram- Sundilla Barrages
u DPR and RFP for Creation of two independent raw water storage
reservoirs for the drinking water requirements of Greater Hyderabad
City
u Detailed Project Report for Integration of Rajiv Sagar and Indira
Sagar Dummugudem Lift Irrigation Scheme
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WAPCOS
STATE PROJECTS
Uttrakhand u Concurrent Monitoring, Quality Monitoring, Mid-term and Final

Evaluation of Accelerated Irrigation Benefit Programme
u External Hydrological Monitoring Consultancy for Uttarakhand

Decentralized Watershed Development Project
u Design Supervision Consultancy-Bhimtal; Infrastructure

Development Investment Program for Tourism
u Lender’s Engineer for THDC Pumped Storage HE Project (4×250MW)
u Providing Consultancy Services for Geotechnical Investigations,

Detail Design, Review of Design, Technical Supervision, Monitoring
and Quality Assurance during construction of ADB funded
Projects namely Kaliganga-I (2×2MW), Kaliganga-II (2×3MW)
and Madhyamaheshwar (3×5MW) Small Hydro Projects, Distt.
Rudraprayag
Adit of Madhyamaheshwar Intake works in progress of

Small Hydro Project, Madhayamaheshwar Small Hydro
Ukhimath, Rudraprayag Project of Ukhimath, Rudraprayag
Uttar Pradesh u Condition Assessment & Feasibility Study of sewerage system

network of various towns in Uttar Pradesh in Kali West and Gomti
Basin – under Namami Gange Programme.
u Monitoring and Evaluation Study for UPSLR-III Project
u PMC for Implementation of R-APDRP Part-B Scheme Govt. of

India, Uttar Pradesh and PMC for Underground works in 3 Towns
of Dakshinanchal Vidyut Vitran Nigam Limited (DVVNL)
u PMC for implementation of R-APDRP, Part-B in six SCADA towns
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WAPCOS
STATE PROJECTS
u PMC for implementation of RGGVY works in three districts of

PVVNL, Meerut
Wapcos Inspection team at Mangal Panday Sub-station,

Meerut for IPDS Project
u PMA for providing Consultancy Services under DOUGJY in 21

districts in jurisdiction of Purvanchal Vidyut Vitran Nigam Limited
u Preparation of Detailed Project Report including Technical and
Financial Study in Delhi to Allahabad stretch of Yamuna River
(NW -110)
u Supervision Consultancy for Revitalization of a) Kachhpura and
Mehtab Bagh Area, Agra, b) Shah Jahan Park Walkway between
Taj Mahal and Agra Fort, Agra and Rehabilitation, c) Banke Bihari
Temple Area Vrindavan
Wapcos Inspection team at 5 MVA Power Transformer

in Fatehabad Sub-station, Agra for IPDS Project
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WAPCOS
STATE PROJECTS
West Bengal u Cumulative Impact Assessment and carrying capacity study for
Teesta Basin
u EIA Study for setting up mini bulk carrier handling facilities at
Haldia Dock Complex
u Tender Document for turn-key works, Evaluation of Tenders,
Checking of Design of Turnkey Tenderer, Supervision of Turnkey
Works including Certification of Contractors Bill, Inspection
Services, Project Monitoring, Cost Control, Quality Control and
Post Commissioning Assistance during 6 (six) months trial run and
5 (five) years O&M for Chakdah (Part) Surface Water Based Water
Supply Scheme in Nadia District (Group – 3)
PMC of Chakdah Water Supply Scheme - Clariflocculator
u Local Consultant for Phase I & Phase II for Turga Pumped Storage
Project (1000 MW)
u Pre-feasibility Report of Lugu Pahar Pumped Storage Project Scheme
of Damodar Valley Corporation (DVC), Kolkata
u Vetting alignment from Komaravelli Mallana Sagar to Singur
Reservoir.
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WAPCOS
STATE PROJECTS
u Independent 3rd Party for auditing “Maintenance Dredging in

Hooghly Estuary in the shipping channel of Kolkata Port”.
Intake Pumphouse on Hoogly River
UNION TERRITORY
Delhi u Repair and Maintenance works including Civil and Electrical works
of EPFO Office building and Staff Quarters
u Project Design & Management Agency for Implementation of

SMART grid infrastructure including Enhancing of Existing Network
in NDMC Power Distribution Area
ALL OVER INDIA u Project Development and Management Consultant for AMRUT
including Project Management of other Notified Schemes in Project
Area, Bihar, Haryana, Meghalaya and Madhya Pradesh
u REC Quality Monitors for Rural Electrification works under DDUGJY

XI Plan Phase-II and XII Plan in the States of Uttar Pradesh, Bihar,
Maharashtra, Kerala, Karnataka, Tamilnadu, West Bengal, Assam
and Tripura
u Pradhan Mantri Awas Yojana – Housing for All Mission under

Economical Housing Plan (AHP), Preparation of DPR & PMC work
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WAPCOS
R&D, INNOVATION AND TECHNOLOGY UP-GRADATION

During the year under review, WAPCOS signed an MoU with an International leading consultancy
company namely ‘CREATECH 360°, a company legally incorporated under laws of Spain having
its Head Office at Costa d’en Paratage St.22, 2nd, 08500 Vic, Barcelona, Spain’ for fostering long
term cooperation with each other.
PERSONNEL AND HUMAN RESOURCE MANAGEMENT

Human Resource Management is an integral part of the overall management. The employees
being the only asset of the Company were continuously trained to keep pace with the fast
changing technological advancements. Review of manpower upto the level of Engineer Trainees
was carried out for optimum utilization of Human Resource. Officers across all ranks with
judicious mix of senior, middle level and young professionals were nominated for various
training programmes depending on the training needs.
APPOINTMENT OF CANDIDATES BELONGING TO SC / ST / OBC / MINORITY /

EX-SERVICEMEN
The Company follows Government’s guidelines/instructions on reservation policies. Accordingly,
the guidelines/instructions of the government on reservation matters in respect of SCs / STs / OBCs
and for appointment of Ex-servicemen have been/are taken care of while making recruitments
and promotions in the Company. Relevant Rosters are maintained as per guidelines for proper
projection of reservation quota fixed for these categories. Due consideration has been given to the
representation of Weaker Sections in Selection Committees. The Company has also maintained
level of representation of minorities as per government instructions in service matters during the
year 2017-2018.
As per instructions of the Government, a Special Recruitment Drive was launched by the
Company to fill up the backlog vacancies reserved for SCs, STs & OBCs in different categories
of posts. Recruitment process was made during the year by notifying the posts to Employment
Exchanges & Voluntary Organizations as well as by advertising in Newspapers for inviting
nominations / applications of eligible candidates. Selection on most of the posts have been made
and the selected candidates have joined the Company.
The instructions / guidelines given in Prime Minister’s New 15 Point Programme for the Welfare
of Minorities are complied with while making recruitments in the Company. Accordingly,
special consideration is given to the candidates belonging to Minority communities during the
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WAPCOS
selection process. All the appointments are given wide publicity by publishing vacancies in
Newspapers even in the language(s) spoken by large numbers of people in the State/UT, apart
from English & Hindi. Due consideration has also been given to the representation of Minorities
in the Selection Board.
APPOINTMENT OF PERSONS WITH DISABILITIES

The instructions/guidelines given earlier as well as in Persons with Disabilities (Equal
Opportunities, Protection of Rights and Full Participation) Act, 1995 are being followed in the
Company. WAPCOS has identified various posts to be reserved for Persons with Disabilities
on the basis of the list of posts notified by the Ministry of Social Justice & Empowerment. The
posts identified for Persons with Disabilities have been filled up. 3% of posts/vacancies, as per
Government directions, are reserved to be filled up from the Persons with Disabilities (1% each
for Orthopaed, Hearing & Blind). Concessions and facilities are extended to disabled employees
as per rules. A Special Recruitment Drive to fill the backlog of PWDs was also launched by
notifying/advertising the posts to the Employment Exchange of PH & Voluntary Rehabilitation
Centres and in the Newspapers for inviting nominations/applications of eligible candidates.
Most of the posts have been filled up and the selected candidates have joined the company.
There is a separate Liaison Cell in the Company for implementing the guidelines/instructions of
the government on reservation policies for SC / ST / OBC / PWD / Ex-Servicemen and to redress
their grievances. As per instructions of the Government, the Company has appointed a separate
Liaison Officer for OBC (Other Backward Classes) who is responsible for implementing the
guidelines/instructions of the Government on reservation policy for OBCs.
Periodical inspections are carried out by the Liaison Officers and reports/suggestions are given by
them to the Competent Authority for consideration. Periodical reports/returns are also sent to the
Ministry of Water Resources, River Development & Ganga Rejuvenation, Department of Public
Enterprises and other Government Departments timely on action taken for the implementation
of reservation policy.
ON-LINE SUBMISSION OF ACR/APAR IN RESPECT OF ALL EXECUTIVES (E0 AND

ABOVE) ALONG WITH COMPLIANCE OF PRESCRIBED TIMELINES
During the year under review, ACR/APAR in respect of all Executives (E0 and above) were
submitted on-line and compliance of prescribed timeline, with respect to writing of ACR/APAR
as a percentage of number of Executives, was 100%.
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WAPCOS
HOLDING OF DPC WITHOUT DELAY FOR EXECUTIVE (E0 AND ABOVE LEVEL)
The DPC for Executives, (E0 and above level) was held in time as prescribed in Recruitment and
Promotion Rules of the Company.
TALANT MANAGEMENT AND CARRIER PROGRESSION

During the period under review, training was imparted to 48 number of executives being 7.43%
of regular employees under the ‘Talant Management and Carrier Progression programme”.
WAPCOS SUCCESSION PLAN

In the year under review, WAPCOS Succession Plan was prepared which was approved by the
Board of Directors in its 222nd Board meeting held on 01.09.2017.
SEXUAL HARASSMENT OF WOMEN AT WORKPLACE POLICY (PREVENTION,

PROHIBITION & REDRESSAL) ACT, 2013
The Company has complied with the provisions under the Sexual Harassment of women
at workplace (Prevention, Prohibition & Redressal) Act, 2013. It has constituted an Internal
Complaint Committee (ICC) for dealing with the complaints on sexual harassment of women at
workplace one complaint of sexual harassment was received in the year 2017-18. Report of ICC
has been submitted.
INTERNATIONAL WOMEN’S DAY

International Women’s Day, originally
called International Working Women’s
day was celebrated by WAPCOS on
08.03.2018. WAPCOS recognize the
strength and perseverance of all women
worldwide, who contribute immensely
for the well-being of their families,
community and the organizations they are
working for. This opportunity was taken to
commit to the struggle for gender equality
with the thinking that progress for women CMD WAPCOS presenting bouquet to Chief Guest
is progress for all. Dr. Meena Mishra, Scientist, DRDO
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WAPCOS
WAPCOS celebrated International Women’s Day “URJA” (A day full of Activities, Training & Team Building)
SCHOLARSHIP SCHEME
As per the policy of the Company, 12 children of employees working in the grade of Rs.10000-
23400 revised (IDA) and below, who have passed 8th & 4th Standard, have been awarded
scholarship @ Rs.1500/- p.m. each for a period of one year, in order of merit.
REDRESSAL OF STAFF GRIEVANCES

The Grievance Cell set up by the Company is functioning promptly in dealing with day-to-day
grievance of officers and staff working in the Company. The Staff Grievance Director nominated
by the Company has been vested with powers to call for files/papers in respect of grievances
and to take decision to settle the same with the approval of Chairman-cum-Managing Director.
The Staff Grievance Director is available to hear the grievances personally on every Wednesday
in the week for redressal of grievances. There is NIL Grievances pending for settlement as on
date.
PROGRESSIVE USE OF HINDI IN WAPCOS

u Constant emphasis was laid on the implementation of Official language policy of the
Government of India.
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WAPCOS
u Hindi Fortnight
Hindi Fortnight from 1st September to 15th September 2017 was observed in
WAPCOS under the guidance of R.K. Gupta, Chairman-cum-Managing Director. All
Officers / employees of WAPCOS were requested to do their official work in Hindi.
During the fortnight, various competitions were organized and various schemes were
also implemented to encourage officers/employees to do their work in Hindi. Officers
from Ministry of Water Resources, River Development and Ganga Rejuvenation
were invited on these occasions. A large number of Official / Staff took part in these
programmes.
Various Competitions being held during Hindi Fortnight 2018
u Official Language Inspections

1. The Second Sub-Committee of Committee of Parliament on Official Language
carried out inspection of WAPCOS Hyderabad Regional Office on 25th April,
2017 to review progressive use of Hindi in official work.
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WAPCOS
Hindi Dictation Competition for Group ‘D’ employees during Hindi Fortnight
2. An Official Language inspection of WAPCOS Gurgaon Office was carried out

by Asstt. Director (OL), Ministry of WR, RD & GR on 03.05.2017 to review
progressive use of Hindi in WAPCOS.

by Dy. Director (Implementation), Northern Regional Implementation Office,
Department of Official Language, Ministry of Home Affairs on 06.09.2017 to
review progressive use of Hindi in WAPCOS.
4. An Official Language inspection of WAPCOS Chennai Office was carried out

by Dy. Manager (OL) on 25.10.2017.

by Asstt. Director (OL), Ministry of WR, RD & GR on 15.03.2018 to review
progressive use of Hindi in WAPCOS.
u Prize/Recognitions
On 10th January 2018, Ministry of WR, RD & GR awarded WAPCOS “Rajbhasha

Vaijaynti” as first prize and Merit certificate for excellent implementation during
the year 2015-2016 in the field of Official Language. This award was received by
Anupam Mishra, Executive Director (Projects & HRD) & Chairman, Departmental
Official Language Implementation Committee, WAPCOS from Joint Secretary (PP),
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WAPCOS
WAPCOS ‘Rajbhasha Vaijaynti’ as first prize and Merit certificate for excellent implementation
during the year 2015-2016 in the field of Official Language
Ministry of WR, RD & GR. On this occasion, Merit Certificates were also awarded
to ED (Proj. & HRD) and Head (OLI) for excellent work in field of Official Language.
u Seminars/Functions
1. Northern Region-1 and Northern Region-2 of Official Language Department,

Ministry of Home Affairs was organized “One Day Official Language Technical
Seminar” on 18.8.2017 in Jodhpur. In which Dy. Manager (OLI) participated
on behalf of WAPCOS.
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WAPCOS
2. Indian Language & Cultural Center has organized 31st All India Official
Language Training Camp & function on 25-27 May, 2017 in Munnar, Kerala.
Head (OLI) participated on behalf of WAPCOS Limited.
3. Prize Distribution function was held on 28.09.2017 under the Chairmanship
of R.K. Gupta, Chairman cum Managing Director in which prizes and
certificates were distributed to the prize winners of various competitions held
during Hindi Fortnight Previous year and other schemes.
4. Ministry of WR, RD & GR was organized 1st Rajbhasha seminar on
7th November, 2017 in Guwahati. Officers and Staff from WAPCOS participated
in this seminar.
5. “Official Language Seminar cum Prize Distribution Function” was organized
on 23.2.2018 in EIL Auditorium under the joint aegis of Town Official
Language Implementation Committee, Gurgaon. Prabhas Kumar Jha, Secretary,
Department of Official Language, Ministry of Home Affairs, Government of
India was invited as Chief Guest. On this occasion latest issue of “Rajbhasha
Anurag” was released and prize and certificates were distributed. WAPCOS
in house quarterly magazine ‘WAPCOS DARPAN’ was awarded ‘Second
prize’.
6. Northern Region-1 and Northern Region-2 of Department of Official Language,
Ministry of Home Affairs was organized “One Day Regional Official Language
Seminar and Prize Distribution Function” on 9.2.2018 in Varansi. In which
Dy. Manager (OLI) participated on behalf of WAPCOS.
u Meetings
1. The meeting of Town Official Language Implementation Committee, Gurgaon

was held on 13th December, 2017 under the Chairmanship of Executive
Director (Proj. & HRD) and Chairman, DOLIC in Power Grid Corporation of
India Limited. Almost all the Head/Representatives of Member Offices and
Hindi Officers were present in the meeting.
2. Meeting of Hindi Advisory Committee of Ministry of WR, RD & GR was
organized on 07.10.2017 under the Chairmanship of State Ministry of Water
Resources, RD & GR Arjun Ram Meghwal. Anupam Mishra, Executive Director
(Proj. & HRD) and Chairman, Departmental Official Language Implementation
Committee, Head (OLI), DM (OLI) and AM (Hindi) participated in this meeting.
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WAPCOS
3. The meeting was held under the Chairmanship of Minister of State for Home
Affairs, Department of Official Language on 18.09.2017 with Head / ED’s of
Public Sector Undertakings. ED (Proj. & HRD) & Chairman, DOLIC and Head
(OLI) participated in this meeting.
4. The meeting of Town Official Language Implementation committee,
Gurugram was held on 25th July 2017 under the Chairmanship of R.K.Gupta,
Chairman-cum-Managing Director, WAPCOS and Chairman, TOLIC,
Gurugram. Almost all the Head / Representatives of Member Offices and
Hindi Officers were present in the meeting. Dy. Director (Implementation),
Department of Official Language, Ministry of Home Affairs and Executive
Director (Projects & HRD) and Chairman, Departmental Official Language
Implementation Committee were also present in this meeting.
5. The meeting was held under the Chairmanship of Secretary, Department
of Official Language, Ministry of Home Affairs, Government of India on
12-06-2017 with Head / ED’s of Public Sector Undertakings. CMD, WAPCOS,
ED (Proj. & HRD) & Chairman, DOLIC and Head (OLI) participated in this
meeting.
6. During the year Officers from WAPCOS regularly participated in meeting of
Official Language Implementation Committee Ministry of WR, RD & GR
u Miscellaneous
r During the year, MOU, various kinds of Technical Reports, WAPCOS

Presentation, WAPCOS Organizational Chart, Misc. work etc. were prepared
in bilingual form.
r Meeting of Departmental Official Language Implementation Committee and
Hindi Workshops were held regularly.
r A quarterly in-house Magazine ‘WAPCOS DARPAN’ in Hindi, continued to
be brought out regularly during the year.
r Emphasis was laid on ensuring compliance of the provisions of Section 3(3) of
the Official Language Act.
r Under Rule 5 of the Official Language Act, replies to the letter received in
Hindi were given in Hindi only.
r Necessary help material like Dictionaries, Compilation of Standard Drafts
and glossaries & Technical glossaries were made available to all the officers/
employees to motivate them to do their official work in Hindi.
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WAPCOS
r Pay slips, which are issued to officers/employees every month and CPF
Statements, are continued to be issued in bilingual. Entries in Service Books
were made in Hindi during this period.
r Efforts were also made to persuade, motivate and encourage officers and
employees to do their maximum official work in Hindi.
VIGILANCE
Vigilance Section in WAPCOS has been periodically conducting preventive vigilance inspections
and also surprise checks of various Divisions, regularly issuing norms and guidelines received
from the Central Vigilance Commission, Department of Public Enterprises and the Ministry
of Water Resources, River Development & Ganga Rejuvenation from time to time regarding
measures to strengthen all aspects of preventive vigilance, for compliance in WAPCOS.
Disciplinary actions wherever necessary, are taken as per CVC guidelines.
Periodical returns are being submitted regularly to the Central Vigilance Commission, Central
Bureau of Investigation and the Ministry of Water Resources, River Development & Ganga
Rejuvenation and inquiries are properly and promptly attended to. Besides, surprise checks
and inspections are carried out from time to time and constant vigil is kept. Further Quarterly
Vigilance Clearance Updation was done on-line for Senior Executives (E-5 and above), which
as a percentage of number of Senior Executives comes to 100%.
During the year 2017-2018, Vigilance Awareness Week was observed from 30th October, 2017
to 4th November, 2017. Efforts were made to maintain high moral standard of employees through
Awareness Programme during the Vigilance Awareness Week. The “Vigilance Awareness Week”
Drawing Competition on “Nature Scene” for children of WAPCOS employees in progress
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WAPCOS
started with pledge taking ceremony by the employees. Colorful and Meaningful Banners and
Posters were displayed during the “Vigilance Awareness Week” in all the office premises of
WAPCOS. A drawing competition on “Nature Scene” for children of WAPCOS employees
aged between 6 to 9 years and a writing competition on “Origin of Corruption” for the children
between 10 to 15 years of age and an essay writing competition (both in Hindi & English) for
WAPCOS employees on the subject “My Vision – Corruption Free India” were organized during
the week at WAPCOS Gurugram Office Complex, in which employees and their children took
part with great enthusiasm.
Essay writing competition (both in Hindi & English) for WAPCOS employees on the subject
“Public Participation in Promoting Integrity & Eradicating Corruption” during the Vigilance awareness week
In continuation to the “Vigilance Awareness Week”, a lecture session on “Ethics, Moral Values
& Good Governance” was also organized on 3.11.2017 at Gurugram Office. V.S. Verma,
Ex-Member, CERC & CEA was invited to deliver the lecture on the above topics. All the senior
officers of the Organization attended the lecture session with great enthusiasm and shared their
views on the topics.
RISK MANAGEMENT POLICY

The Company has Board approved Risk Management Policy, which contains, inter alia, Risk
areas identified and Action Plan suggested for mitigation of identified risks. Heads of Departments
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WAPCOS
are responsible for implementation of the Risk Management Policy as applicable to their
respective areas of functioning and submit reports on half yearly basis for review by the Audit
Committee.
INTERNAL FINANCIAL CONTROLS

The Company has in place adequate Internal Financial Controls with reference to Internal
Financial Statements. WAPCOS has a number of policies/plans relating to different areas and
laid out procedures for ensuring the orderly and efficient conduct of its business. Physical
verification of assets is done periodically and is put up to the Audit Committee.
Company’s operations comply with applicable accounting standards and financial reporting
rules and regulations. All books, records, accounts and financial statements are maintained
in reasonable detail and reflect Company’s transactions and conform to applicable legal
requirements. Internal Controls in the Company ensure that the entries in financial records are
accurate and complete and made in accordance with applicable regulations. All complex and
significant accounting standards are thoroughly analyzed and consistently documented.
Every effort is made to present reliable financial information to the users on a timely basis to
ensure that financial decisions are based on up to date information.
INDEPENDENT AUDITORS
M/s Dinesh Mehta & Co., Chartered Accountants, were appointed as Independent Auditors for
the financial year ended 31.3.2018. The Board places on record its appreciation for the prompt
and effective services rendered by them.
INDEPENDENT AUDITORS’ REPORT

The observations of the Independent Auditors and related notes on accounts are self-explanatory
and do not require any further clarification.
IMPLEMENTATION OF RIGHT TO INFORMATION ACT, 2005

In compliance of the various provisions of Right to Information Act, 2005, the Company has
placed various documents / records at its website which are bearing updated regularly. The
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WAPCOS
company has appointed Deputy Chief Manager (HRD) as the Public Information Officer (PIO)
and Sr. General Manager (Power)/ First Appellate Authority. 112 applications received during
the year 2017-18 were handled promptly and information was provided to the applications.
CORPORATE GOVERNANCE
A Report on Corporate Governance is at Annexure-A.
MANAGEMENT DISCUSSION AND ANALYSIS REPORT

A Report on Management Discussion and Analysis Report is at Annexure-B.
EXTRACT OF ANNUAL RETURN

Extract of the Annual Return of the Company has been hosted at WAPCOS website at
www.wapcos.co.in. Also, Form MGT-9 is annexed as Annexure-C to this Report.
PARTICULARS OF EMPLOYEES
There was no employee in the company falling under the category of employees required to
be reported under the provisions of Rules 5 (2) and 5 (3) of the Companies (Appointment and
Remuneration of Managerial Personnel) Rules, 2014.
CORPORATE SOCIAL RESPONSIBILITY INITIATIVES

The Corporate Social Responsibility Committee formulated and recommended to the Board
Corporate Social Responsibility Policy of the Company indicating, inter alia, the activities
undertaken by the Company taking into account Schedule VII of the Companies Act, 2013,
which was approved by the Board. The contents of the Corporate Social Responsibility Policy
may be accessed on the Company’s website.
The Annual Report on CSR activities is annexed herewith marked as Annexure-D.
CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE

EARNINGS AND OUTGO
The particulars relating to conservation of energy, technology absorption, foreign exchange
earnings and outgo, as required to be disclosed under the Act, are provided in Annexure-E to
this Report.
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COST RECORDS
Maintenance of cost records, as specified by the Central Government under the provision
of sub-section (1) of the section 148 of the Companies Act, 2013, is not required by the
company.
GENERAL
The information may be treated as Nil with respect to following items during the year under
review:
(a) The change in the nature of business.

(b) Loans, guarantees or investments under Section 186 of the Companies Act, 2013.
(c) Contracts or arrangements with related parties referred to in sub-section (1) of
Section 188 of the Companies Act 2013.
(d) Material changes and commitments, if any, affecting the financial position of the
company which have occurred between the end of the financial year of the company
to which the financial statements relate and the date of the report.
(e) Significant or material orders passed by the Regulators or Courts or Tribunals which
impact the going concern status and Company’s operations in future.
(f) Issue of equity shares with differential rights as to dividend, voting or otherwise.
(g) Issue of shares (including sweat equity shares) to employees of the Company under
any scheme.
(h) The names of companies which have become or ceased to be its Subsidiaries, joint
ventures or associate companies during the year.
(i) Fraud, reported by Auditors under sub Section (12) of Section 143 other than those
which are reportable to the Central Government.
DIRECTORS
During the year under review, Vinod Kurian Jacob, Joint Secretary (ED) Ministry of External
affairs was appointed as Government Director on WAPCOS Board w.e.f. 21.12.2017.
K. Nagaraj Naidu, Ex-Joint Secretary (ED) ceased to be on WAPCOS Board w.e.f. 21.12.2017.
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DECLARATION BY INDEPENDENT DIRECTOR

The Company received necessary declaration from Independent Directors, Dr. Kiran Pandya
and Dr. S.K. Singh under Section 149(7) of the Companies Act, 2013, that they meet the criteria
of independence laid down in Section 149(6) of the Companies Act, 2013. Such declarations
were put up in 220th meeting of the Board held on 15.06.2017.
NUMBER OF THE MEETINGS OF THE BOARD

During the year under review, Six Board Meetings were held, the details of which are provided
in the Report on Corporate Governance at Annexure-A.
DIRECTOR’S RESPONSIBILITY STATEMENT

It is hereby confirmed that:
a) In the preparation of the annual accounts, the applicable accounting standards had
been followed;
b) The directors have selected such accounting policies and applied them consistently
and made judgments and estimates that were reasonable and prudent so as to give a
true and fair view of the state of affairs of the Company as on 31st March, 2018 and
of the profit or loss of the Company for the year ended on that date;
c) The directors have taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the Company and for preventing and detecting fraud and other irregularities;
d) The directors have prepared the annual accounts on a “going concern” basis;
e) The directors had laid down internal financial controls to be followed by the company
and that such internal financial controls are adequate and were operating effectively;
and
f) The directors had devised proper system to ensure compliance with the provisions of
all applicable laws and that such system are adequate and operating effectively.
ACKNOWLEDGEMENTS
The Board expresses its deep sense of appreciation and gratitude to the valuable clients in
India and Abroad for their continued patronage as well as for the trust and confidence reposed
in the Company. The Board also expresses its sincere thanks for the assistance, co-operation
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and support of the Ministry of Water Resources, River Development & Ganga Rejuvenation,
Ministry of Rural Development, Ministry of External Affairs, Ministry of Power, various other
Ministries and Departments of the Government of India, State Governments, Comptroller and
Auditor General of India, the Chairman and Member Audit Board, Statutory Auditors and
Bankers. The Board also deeply appreciates the hard work, enthusiasm, untiring efforts and
contribution of the employees without which the present growth and achievements would not
have been possible.
For and on behalf of the Board of Directors
Sd/-
(R. K. Gupta)
CHAIRMAN CUM MANAGING DIRECTOR
PLACE: GURUGRAM
DATE : 14.08.2018
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Annexure-A
REPORT ON CORPORATE GOVERNANCE
I COMPANY’S PHILOSOPHY ON CORPORATE GOVERNANCE

The Company’s philosophy is to achieve business excellence and maximize long-term
value for all its stakeholders on a sustained basis through ethical business conduct.
The Company follows the guidelines of Corporate Governance issued by Department
of Public Enterprises (DPE), Government of India. During the year under review, the
Company has been graded as “Excellent” for the year 2016-17 by the DPE on the basis
Self Evaluation Report on the compliance of guidelines on Corporate Governance for
CPSEs.
II DPE’s GUIDELINES
The compliance report on DPE’s guidelines for financial year 2016-17 was sent to
Ministry of Water Resources, River Development & Ganga Rejuvenation vide letter
dated 20.04.2018.
III BOARD OF DIRECTORS

The Board comprises of three Functional Directors namely Chairman-cum-Managing
Director, Director (Commercial and HRD) and Director (Finance), two Government
Directors – one from Ministry of Water Resources, River Development & Ganga
Rejuvenation and other from Ministry of External Affairs – and three Independent
Directors. As on 31.03.2018, the post of Director (Commercial & HRD) and one
Independent Director were vacant and necessary action was underway by Ministry of
Water Resources, River Development & Ganga Rejuvenation to fill-up the positions.
During the year under review, Six Board Meetings were held on 15th June, 2017,
25th July, 2017, 1st September, 2017, 29th November, 2017, 22nd February, 2018 and
23rd March, 2018.
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The names and categories of Directors of the Board, their attendance at Board
meetings held in 2017-18 during the tenure of each one of them and the number of
Directorships held, as informed to the company by Directors, are given below:
Whether
Board Meetings attended
held/attended in last AGM Number of
Name of the Director/
2017-18 during held on Directorship
Director Identification Category
the tenure of 1st in other companies
Number (DIN)
Director September,
2017
Held Attended Chairman Member
R. K. Gupta Functional
CMD Director 6 6 Yes - 1
DIN 02765470 (CMD)
Pankaj Kapoor Functional
DIN 07290569 Director,
6 6 Yes - -
Director
(Finance)
Akhil Kumar Government
DIN 07669980 Director 6 6 Yes - -
K. Nagaraj Naidu Government

DIN 07265866 Director 4 1 Yes - -
Vinod Kurian Jacob Government

DIN 08000275 Director 2 - - - 2
Dr. Kiran Pandya Independent

6 6 Yes - -
DIN 07725292 Director
Dr. S.K. Singh Independent
6 6 Yes - -
DIN 06999522 Director
IV AUDIT COMMITTEE
The Company does not fall in the category of Companies which are required to have an Audit
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Committee pursuant to Section 177 of Companies Act, 2013. However, the Company has an
Audit Committee, the details of which are as follows: -
Role of the Audit Committee as per DPE’s guidelines
The Role of Audit Committee includes the following: -
(a) Oversight of the company’s financial reporting process and the disclosure of its
financial information to ensure that the financial statement is correct, sufficient and
credible.
(b) Recommending to the Board the fixation of audit fees.
(c) Approval of payment to Statutory Auditors for any other services rendered by the
Statutory Auditors.
(d) Reviewing with management the annual financial statements before submission to
the Board for approval with particular reference to:
u Matters required to be included in the Director’s Responsibility Statement to
be included in the Board’s Report;
u Changes, if any, in accounting policies and practices and reasons for the
same;
u Major accounting entries involving estimates based on exercise of judgment
by Management;
u Significant adjustments made in the financial statements arising out of audit
findings;
u Compliance with legal requirements relating to financial statements;
u Disclosure of any related party transactions;
u Qualifications in the draft audit report
(e) Reviewing with the management, the quarterly financial statements before submission
to the Board for approval.
(f) Reviewing with the management, performance of internal auditors and adequacy of
internal control systems.
(g) Reviewing the adequacy of internal audit function, if any, including the structure
of the internal audit department, staffing and seniority of the official heading the
department, reporting structure coverage and frequency of internal audit.
(h) Discussion with internal auditors any significant findings and follow-up thereon.
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(i) Reviewing the findings of any internal investigations by the internal auditors into
matters where there is suspected fraud or irregularity or a failure of internal control
systems of a material nature and reporting the matter to the Board.
(j) Discussion with statutory auditors before the audit commences about the nature and
scope of audit as well as post-audit discussion to ascertain any area of concern.
(k) To look into the reasons for substantial defaults in the payment to the depositors,
debenture holders, shareholders (in case of non-payment of declared dividends) and
creditors.
(l) To review the functioning of the Whistle Blower Mechanism.
(m) To review the follow-up action on the audit observations of the C&AG audit.
(n) To review the follow-up action taken on the recommendations of Committee on
Public Undertakings of the Parliament.
(o) Provide an open avenue of communication between the independent auditor, Internal
Auditor and the Board of Directors.
(p) Review and pre-approve all related party transactions in the company. For this
purpose, the Audit Committee may designate a member who shall be responsible for
pre-approving related party transactions.
(q) Review with the Independent Auditor the co-ordination of audit efforts to assure
completeness of coverage, reduction of redundant efforts and the effective use of all
audit resources.
(r) Consider and review the following with the independent auditor and the management;
u The adequacy of internal controls including computerized information system
controls and security, and
u Related findings and recommendations of the independent auditor and Internal
Auditor, together with the management responses.
(s) Consider and review the following with the management, Internal Auditor and the
Independent Auditor:
u Significant findings during the year, including the status of previous audit
recommendations.
u Any difficulties encountered during audit work including any restrictions on
the scope of activities or access to required information.
(t) Carrying out any other function as is mentioned in the terms of reference of the Audit
Committee.
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Review of information by Audit Committee

(i) Management discussion and analysis of financial condition and results of operations;
(ii) Statement of significant related party transactions (as defined by the audit committee),
submitted by management;
(iii) Management letters / letters of internal control weaknesses issued by the Statutory
Auditors;
(iv) Internal audit reports relating to internal control weaknesses;
(v) The appointment and removal of the Chief Internal Auditor shall be placed before the
Audit Committee; and
(vi) Certification/declaration of financial statements by the Chief Executive/Chief Finance
Officer.
The membership of the Audit Committee comprised of three Independent Directors,
namely Dr. Kiran Pandya as Chairman, Dr. S.K. Singh and Pankaj Kapoor as Members.
Four meetings of Audit Committee were held during the year under review on
8th June, 2017, 24th July, 2017, 3rd November, 2017 and 22nd February, 2018.
V REMUNERATION COMMITTEE
The Company does not fall in the category of Companies which are required to
have Nomination and Remuneration Committee and Stakeholders Relationship
Committee pursuant to Section 178 of Companies Act, 2013. However, the Company
has Remuneration Committee, which is required to be formed in connection with
Performance Related Pay (PRP) under the guidelines issued by the Department of
Public Enterprises on 3rd Pay Revision w.e.f. 1st January 2017. The Remuneration
Committee comprised of three Directors namely Dr. S.K. Singh as Chairman,
Dr. Kiran Pandya and K.Nagraj Naidu as Members.
During the year under review, two meetings of Remuneration Committee were held
on 1st September, 2017 for the purpose of 3rd Pay Revision and 8th January, 2018 for
payment of Performance Related Pay (PRP).
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VI DETAILS OF THE REMUNERATION PAID TO DIRECTORS

MGT-9 at Annexure–C may be referred to. None of the Directors has any material
pecuniary relationship or transactions with the Company.
VII CORPORATE SOCIAL RESPONSIBILITY COMMITTEE

A two tier structure for Corporate Social Responsibility Activities was created in line
with DPE’s Guidelines on the subject. The Board Level Committee in this structure
comprised of one Government Nominee Director K. Nagaraj Naidu (who was
replaced by Vinod Kurian Jacob w.ef 21.12.2017) and two Independent Directors
namely Dr. S.K. Singh as Chairman and Dr. Kiran Pandya as Member. The below
Board Level Committee is comprised of Executive Director (GR, E&CM) as nodal
officer and Senior General Manager (Commercial), Chief (PR), Chief (CP) and Deputy
Chief Manager (Finance) as Members.
The Committee met four times in 2017-18 on 8th June, 2017, 24th July, 2017,
3rd November, 2017 and 8th January, 2018.
VIII INDEPENDENT DIRECTORS’ MEETING

During the year under review, there were two Independent Directors in the
Company namely Dr. Kiran Pandya and Dr. S.K. Singh. In accordance with
DPE’s O.M. No. 16(4)/2012-GM dated 28.12.2012 and O.M. No.16(4)/2012-GM
dated 20.6.2013 as also pursuant to Section 149(8) read with Schedule IV – Part VII
of the Companies Act, 2013 on the subject of Role & Responsibilities of Non-official
Directors, a “Separate Meeting” of available Independent Directors viz. Dr. Kiran
Pandya as Chairman and Dr. S.K. Singh as member was held on 22nd February, 2018
without the attendance of Functional and Government Directors and Members of
Management, in which the quality, quantity and timeliness of flow of information
between the company management and the Board that is necessary for the Board to
effectively and reasonably perform their duties were assessed.
The Minutes of the above “Separate Meeting” was put up in the 225th Board Meeting
held on 23rd March, 2018.
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IX ANNUAL GENERAL MEETINGS/EXTRAORDINARY GENERAL MEETINGS

The date, time and venue of the AGMs/EGMs held during the preceding three years
are as under: -
ANNUAL GENERAL MEETINGS
Year Date Time (IST) Venue

2014-15 09.09.2015 3.00 P.M. Kailash, 3rd Floor, 26, Kasturba Gandhi Marg,
New Delhi-110 001
2015-16 19.07.2016 1:00 P.M. Kailash, 5th Floor, 26, Kasturba Gandhi Marg,
New Delhi-110 001
2016-17 01.09.2017 3.00 P.M. Kailash, 5th Floor, 26, Kasturba Gandhi Marg,
New Delhi-110 001
EXTRAORDINARY GENERAL MEETINGS
Year Date Time (IST) Venue

Kailash, 3rd Floor, 26, Kasturba Gandhi Marg,
2015-16 21.03.2016 11:30 A.M.
New Delhi-110 001
Kailash, 5th Floor, 26, Kasturba Gandhi Marg,
2016-17 27.03.2018 1:30 P.M.
New Delhi-110 001
The following special resolutions were passed in the last three AGMs: -
Year
S. No. Special Resolution(s) Passed
(No. of AGM)
2014-15
1. -
(46th AGM)
2015-16
2. -
(47th AGM)
2016-17
3. -
(48th AGM)
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The following Special Resolutions were passed in the EGMs: -
S. Year Special Resolution(s) Passed

No.
1. 2015-16 u Increase in Authorized Capital of the company from Rs.25,00,00,000
to Rs.35,00,00,000 and necessary Alteration in Memorandum and
Articles of Association.
u Issue of Ten lakh Equity Shares of Rs.100 each as Bonus Shares
2. 2016-17 u Increase in Authorized Capital of the company from
Rs. 35,00,00,000 to Rs.100,00,00,000 and necessary Alteration
in Memorandum and Articles of Association.
u Issue of Rupees Thirty Lakh Equity Shares of Rs. 100 each as Bonus
Shares
X DISCLOSURES
u No materially significant related party transactions, that may have potential
conflict with the interest of the Company at large, were entered into in the
year under review except remuneration paid to CMD and Director (Finance)
and sitting fee paid to Independent Directors.
u No penalties, strictures have been imposed on the Company by any Statutory
Authority during the last three years.
u The Company has Board approved “Whistle Blower Policy”.
u The Company is complying with the requirements of the Department of Public
Enterprise’s Guidelines on Corporate Governance. A practicing Company
Secretary examined compliance of DPE’s guidelines on Corporate Governance
for the year 2016-17 by the Company and his certificate dated 12.07.2017
was made a part of the Annual Report 2016-17. A Secretarial Compliance
Certificate about registers, records, books and papers maintained during the
year 2016-17 under the Companies Act 2013 was obtained from a Practicing
Company Secretary.
u During last three years, a Presidential Directive No. U-23012/1/2017-PSU
Section/1066 dated 4th October, 2017 was issued by the Ministry of Water
Resources, RD & GR directing the company to implement pay revision of Board
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and below Board level and Non-Unionized Supervisors of Central Public

Sector Enterprises (CPSEs) w.e.f. 1.1.2017 strictly in terms of the guidelines
contained in Dept. of Public Enterprises (DPE) O.M. W-02/0028/2017-
DPE(WC)-GL-XIII/17 dated 03.08.2017, No. W-02/0028/2017-DPE(WC)-
GL-XIV/17 dated 04.08.2017.
u During the year under review, no expenditure was debited in the books of
accounts, which was not for the purposes of the business.
u No expenses, which are of personal nature, were incurred for the Board of
Directors and top management.
XI MEANS OF COMMUNICATION
The company is wholly owned by the Government of India. It submits provisional
results to the Ministry of Water Resources, River Development & Ganga Rejuvenation.
The Company displays its audited financial statements on its website. Press releases
are made by the Company about its achievements from time to time.
XII CODE OF CONDUCT

The Company has in place a Code of Conduct applicable to the Board Members as
well as the Senior Management and the same has been hosted on the Company’s
website. All the Board Members and the Senior Management Personnel have affirmed
compliance with the Code of Conduct as on 31st March, 2018. A declaration by
Chairman-cum-Managing Director regarding compliance with the Code of Conduct
by Board Members and Senior Management during the financial year 2017-18 is at
Annexure-I.
XIII CHARTER OF THE BOARD OF DIRECTORS

The Company has Charter of the Board of Directors, which clearly defines the roles
and responsibilities of the Board and individual Directors. This Charter of the Board
of Directors was revised, taking into account provisions of new Companies Act,
2013, in the 205th meeting of the Board of Directors held on 21.10.2014.
XIV TRAINING OF BOARD MEMBERS

The company, with the approval of the Board, formulated Training Policy for
Board Members. Besides, Company furnishes a set of documents to the directors
on their joining the Board. The set includes Company’s Brochure, Annual Report,
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Memorandum and Articles of Association, Corporate Governance Guidelines and

various policies etc. formulated. Detailed presentations are made in Board Meetings
about affairs of the Company. During the year under review, Dr. S.K. Singh and
Dr. Kiran Pandya, Independent Directors of the Company attended the following
training programme: -
Dr. S.K. Singh
i) 1 day Orientation Programme at Jammu on 30.06.2017 organized by Department of

Public Enterprises.
ii) Indian Institute of Corporate Affairs (IICA) 2 days Residential Programme at Manesar,
Haryana on 11-12 January, 2018.
Dr. Kiran Pandya
1 day Orientation Programme at Jammu on 30.06.2017 organized by Department of Public

Enterprises.
XV FRAUD PREVENTION POLICY

The Company has Fraud Prevention Policy, which is established to facilitate
the development of controls that will aid in the detection and prevention of fraud
against it.
XVI RISK MANAGEMENT POLICY

The Company has Board approved Risk Management Policy. The Policy was updated
with the approval of the Board in its 212th Board Meeting held on 22.12.2015. During
the year 2017-18 the Risk Management Policy was reviewed in 51st Audit Committee
meeting held on 22.02.2018 and it was decided to continue with the existing Risk
Management Policy.
XVII WHISTLE BLOWER POLICY

The Company believes in the conduct of the affairs of its constituents in a fair and
transparent manner by adopting highest standards of professionalism, honesty,
integrity and ethical behaviour. In this regard, the Company has Whistle Blower
Policy approved by the Board. In 51st Audit Committee Meeting held on 22.02.2018,
functioning of mechanism of the policy was reviewed by the Committee.
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XVIII SUBMISSION OF MoU FOR THE YEAR 2018-19

In accordance with the DPEs Guidelines, the Draft MoU 2018-19 was submitted to
the DPE through Ministry of Water Resources, River Development & Ganga
Rejuvenation on 04.12.2017.
XIX SUBMISSION OF DATA SHEET FOR PE SURVEY

The data sheet for Public Enterprises Survey 2016-17 was submitted to the DPE on
11.09.2017 as per requirement of the DPE.
XX INTEGRITY PACT
The Company has a system of entering into Integrity Pacts in respect of procurement
transactions contracts over the decided threshold value.
XXI CEO / CFO CERTIFICATION

Chairman-cum-Managing Director/Director (Finance) certification is at Annexure-II.
XXII COMPLIANCE CERTIFICATES

A Certificate from a Practicing Company Secretary regarding compliance of DPE’s
guidelines on Corporate Governance is at Annexure-III.
Sd/-
PLACE: GURUGRAM (R.K. GUPTA)
Dated: 14TH AUGUST, 2018 CHAIRMAN-CUM-MANAGING DIRECTOR
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ANNEXURE-I
DECLARATION BY CHAIRMAN-CUM-MANAGING DIRECTOR REGARDING COMPLIANCE

WITH THE CODE OF CONDUCT BY BOARD MEMBERS AND SENIOR MANAGEMENT
DURING THE FINANCIAL YEAR 2017-18.
I, R.K. Gupta, Chairman-cum-Managing Director, WAPCOS Limited, do hereby declare that all
the Members of the Board of Directors and the Senior Management Team of the Company have
affirmed their compliance of the Code of Conduct of the Company during 2017-18.
Sd/-
PLACE: GURUGRAM (R.K. GUPTA)
Dated: 14TH AUGUST, 2018 CHAIRMAN-CUM-MANAGING DIRECTOR
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ANNEXURE-II
CERTIFICATION BY CHAIRMAN-CUM-MANAGING DIRECTOR AND DIRECTOR (FINANCE)
(a) We have reviewed financial statements and the cash flow statement for the financial
year 2017-18 and that to the best of our knowledge and belief :
(i) these statements do not contain any materially untrue statement or omit any
material fact or contain statements that might be misleading; and
(ii) these statements together presents a true and fair view of the company’s
affairs and are in compliance with existing accounting standards, applicable
laws and regulations.
(b) There are, to the best of our knowledge and belief, no transactions entered into by the
company during the year which are fraudulent, illegal or violative of the Company’s
Code of Conduct.
(c) We accept responsibility for establishing and maintaining internal controls and we
have evaluated the effectiveness of the Internal Control Systems of the company. We
have disclosed to the Auditors and the Audit Committee, deficiencies in the design or
operation of internal controls of which we are aware and the steps we have taken or
propose to take to rectify these deficiencies.
(d) We have indicated, wherever applicable, to the Auditors and the Audit Committee:
(i) significant changes made/to be made in internal control during the year,
(ii) significant changes in accounting policies during the year, if any, and the
same have been disclosed in the notes to the financial statements; and
(e) There is no instance of significant fraud of which we are aware nor there has been
involvement of the management or any employee having a significant role in the
company’s internal control system.
Sd/- Sd/-
(R.K. Gupta) (Pankaj Kapoor)
Chairman-cum-Mg. Director Director (Finance)
PLACE: GURUGRAM
Dated: 14TH AUGUST, 2018
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ANNEXURE-III
HARBANS LAL & CO. Off.:23696096

COMPANY SECRETARIES Phones: Resi.: 23696831
Mob.: 9811627414
Email: hlalcs@yahoo.co.in
L-15, Pratap Nagar, Delhi – 110007
(Near Pratap Nagar Metro Station)
Dated: 18th July, 2018

To,
The Members
WAPCOS Limited
5th Floor, “Kailash” 26,
Kasturba Gandhi Marg
New Delhi – 110001
We have examined the relevant records and documents, as furnished to us pertaining to

compliance of the conditions of Corporate Governance by WAPCOS Limited, (hereinafter referred as ‘the
company’) for the year ended on 31st March, 2018, as stipulated in ‘Guidelines on Corporate Governance
for Central Public Sector Enterprises’ issued vide O.M No. 18(8)/2005-GM dated 14.05.2010 by the
Department of Public Enterprises, Ministry of Heavy Industries and Public Enterprises, Government of
India.
The compliance of conditions of Corporate Governance is the responsibility of the Management.
Our examination was limited to procedures and implementation thereof, adopted by Company for
ensuring the compliance of the conditions of Corporate Governance as stipulated in above mentioned
guidelines. It is neither an audit nor an expression of opinion on the financial statements of the Company.
In our opinion and to the best of our information and according to the explanations given
to us, we hereby certify that the Company has generally complied with the conditions of Corporate
Governance, as stipulated in the above mentioned guidelines, except having the required number of
Independent Directors. We understand that the Government/Administrative Ministry are in the process
of taking necessary action in this regard.
We further state that such compliance is neither an assurance as to the future viability of the
Company nor the efficiency of the effectiveness with which the Management has conducted the affairs
of the Company.
For Harbans Lal & Co.

Company Secretaries
Sd/-
(Harbans Lal)
C.P. No. 3944
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WAPCOS
ANNEXURE-B
MANAGEMENT DISCUSSION AND ANALYSIS REPORT
INDUSTRY STRUCTURE AND DEVELOPMENTS

WAPCOS is a techno-commercial Organization and provides concept to commissioning
services for development projects in India and Abroad. WAPCOS has varied fields of
specialization, which include Irrigation, Drainage and Water Management, Ground Water
Exploration, Development of Wells and Minor Irrigation, Flood Control and River Morphology,
Natural Resources Management, Rainfed and Irrigated Agriculture, Dam and Reservoir
Engineering, Power Engineering, Hydro Power Engineering, Water Supply, Sewerage and Strom
Water Drainage, Lakes and Wetlands, Rural and Urban Development, Roads and Highway
Engineering, Environmental Engineering, Ports & Harbours and Inland Waterways, System
Studies and Information Technology.
INDIAN SCENARIO
WATER RESOURCES
India is endowed with a rich and vast diversity of natural resources, water being one of them.
Its development and management plays a vital role in agriculture production. Integrated water
management is vital for poverty reduction, environmental sustenance and sustainable economic
development.
The precipitation pattern in India varies dramatically across distance and over calendar months.
Much of the precipitation in India, about 85%, is received during summer months through
monsoons in the Himalayan catchments of the Ganges-Brahmaputra-Meghna basin. The north
eastern region of the country receives heavy precipitation, in comparison with the north western,
western and southern parts.
India currently stores only 6% of its annual rainfall or 253 billion cubic metres (8.9×1012 cu ft),
while developed nations strategically store 250% of the annual rainfall in arid river basins.
India also relies excessively on groundwater resources, which accounts for over 50 percent
of irrigated area with 20 million tube wells installed. India has built nearly 5,000 major or
medium dams, barrages, etc. to store the river waters and enhance ground water recharging.
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The important dams (59 nos) have an aggregate gross storage capacity of 170 billion cubic
metres (6.0×1012 cu ft). About 15 percent of India’s food is being produced using rapidly
depleting / mining groundwater resources.
In India, the Ministry of Water Resources, River Development & Ganga Rejuvenation
(MoWR,RD&GR), Government of India, is responsible for laying down policy guidelines and
programmes for the development and regulation of country’s water resources. In the Budget
2018, Ministry of Water Resources, River Development & Ganga Rejuvenation (MoWR,RD&GR)
has been given Rs 8860 Crore as against Rs 6887 Crore in 2017-18.
For the Ground Water Irrigation Scheme under Prime Minister Krishi Sinchai Yojna- Har Khet ko
Pani will be taken up in 96 deprived irrigation districts where less than 30% of the land holdings
gets assured irrigation presently. Allocation of Rs 2,600 crore has been made for this purpose.
A total of 187 projects have been sanctioned under the Namami Gange programme for
infrastructure development, river surface cleaning, rural sanitation and other interventions at
a cost of Rs16,713 crore. 47 projects have been completed and remaining projects are at
various stages of execution. All 4465 Ganga Grams – villages on the bank of river - have been
declared open defecation free. The Ministry of Water Resources, River Development & Ganga
Rejuvenation (MoWR,RD&GR) in June, 2018 has accepted two major irrigation and four flood
management projects from six states Kaleshwaram Project of Telangana and Upper Pravara
Project of Maharashtra among those accepted. Also, the Advisory Committee of the Ministry
has accepted two major irrigation/multipurpose projects and four flood management schemes/
master plans with a cumulative cost of Rs. 84,748 Crores from six States / UT.
The Kaleshwaram Project of Telangana with an estimated cost of Rs. 80190.46 Crores
involves diversion of 195 TMC (5522 Million Cubic Meter) of Godavari water to irrigate about
18.25 lakh acres of land in 13 districts (out of total 31 districts) of Telangana. Further, this
project will stabilize about 18.82 lakh acres of land under different projects of the state.
In addition to this, the project will provide 40 TMC (1133 MCM) of drinking water to Hyderabad,
Secundarabad and villages enroute and 16 TMC (453 MCM) of industrial water.
The Upper Pravara (Nilwande-II) Project of Maharashtra with an estimated cost of Rs. 2232.62
Crores will irrigate an area of 2,12,758 acres and provide drinking water to the tune of
13.15 MCM.
The Mahananda Flood Management Scheme (Phase-II) of Bihar, Seer Khad Project of Himachal
Pradesh, Yanam Flood Protection Works of Union Territory Puducherry and Ghatal Master Plan
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(Phase-I) of West Bengal were also accepted in the meeting. These projects will provide flood
protection to about 13,58,000 persons and save about 4,51,750 acres of area from flooding.
NAMAMI GANGE PROGRAMME

Namami Gange Programme, an integrated conservation mission, was approved as the flagship
programme by the government in June 2016 with a budget outlay of Rs. 20,000 crore to
accomplish the twin objectives of effective abatement of pollution, conservation, and rejuvenation
of the Ganga. Under the project, 8 states are covered. Dept. of Drinking Water Supply and
Sanitation proposes to make 1,674 gram panchayats by the Ganga open defecation-free by
2022, at a cost of Rs 1,700 cr (central share).An estimated Rs 2,958 Crores (US$460 million)
have been spent till July 2016 in various efforts in cleaning up of the river.
POWER
The Indian power market is evolving to a developing phase. The power demand is expected
to grow at a steady pace. Further, the low power penetration levels indicate large latent/unmet
demand. The power markets will have to achieve consistent high growth rates to bring our
per capita consumption to comparable levels of the other countries. We believe that rate of
infrastructure development and government led reforms will have a significant bearing on how
far these developmental aspirations are achieved.
Future power markets will present new set of opportunities and challenges. A new era of Power
on Power competition has emerged. Accordingly, we expect pricing pressures in the generation
space, with long term prices at best maintaining their current levels in nominal terms. The
generation landscape changes significantly with the participation of the Private Sector also we
may witness some consolidation in 2018.
New business opportunities will arise across the value chain. Governments thrust on Hydro
projects will provide attractive opportunities, especially peaking power. Technology changes
increased role of super-critical plants in thermal stations; large sized reactors for nuclear plants
presently; especially in renewable components present opportunities to introduce, innovate and
absorb newer technologies and develop market niches. Other associated industries (mining,
financing, training & education etc) also stand to gain significantly as they facilitate and benefit
by the growth in the power sector.
Renewables will strengthen its role in the sector: Wind energy will continue to grow with new
opportunities in offshore capacities and large turbines (>3MW). Solar energy continues to drive
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next wave growth in renewable space. Technology improvements & innovations are expected to
lead grid parity costs in the near & long term futures. Government incentives are further opening
up opportunities for record solar farms/distributed generation etc.
Attaining Power for all should be the right kind of power as per need & want of the people of
the respective Region. The industry needs to strengthen its Project management and execution
capabilities. Adequate diligence should be undertaken for selection of the project site, EPC
(Indian vs foreign), financing sources, technology, quality control and execution timelines etc.
Planning for securing fuel supplies also determines the type of project suitable for the Region.
The government needs to play a significant role in driving and facilitating the sustainable sectoral
growth. It should address fuel supplies/ natural renewable/ clean etc. Enhance downstream
efficiencies (transmission & distribution). Facilitate efficient market side development by
accelerating the pace of reforms in power exchanges and deregulate the trading segment.
Sustained growth of the Power Sector is critical for enabling the economic growth of India. All
stakeholders need to put in a concerted effort to attain the above objective and address potential
challenges of the industry. The Power Sector will directly improve the socio-economic well
being of the people and also create some world class energy eco-system led by the renewables
and international solar alliance in the country.
Hydropower
Indian rivers have fairly good hydro power potential when they descend from their source
mountains (Himalayas, Western Ghats, Aravali Range, Vindhya Mountains, Eastern Ghats, etc)
before the water consumption or flowing to the sea. The hydro power potential keeps on varying
depending on the technological developments including alternate power sources, priorities and
limitations.
INDIA is endowed with economically exploitable and viable hydro potential assessed to be
about 84,000 MW at 60% load factor (1,48,701 MW installed capacity). In addition, 6780 MW
in terms of installed capacity from Small, Mini, and Micro Hydel schemes have been assessed.
Also, 56 sites for pumped storage schemes with an aggregate installed capacity of 94,000 MW
have been identified. However, only 19.9% of the potential has been harnessed so far.
Deen Dayal Upadhyaya Gram Jyoti Yojana
The Government of India has launched the scheme “Deendayal Upadhyaya Gram Jyoti Yojana”
for rural electrification. The erstwhile Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY)
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scheme for village electrification and providing electricity distribution infrastructure in the rural
areas has been subsumed in the DDUGJY scheme.
Under DDUGJY-RE, the Ministry of Power has sanctioned 921 projects to electrify 1,21,225
un-electrified villages, intensive electrification of 5,92,979 partially electrified villages and
provide free electricity connections to 397.45 lakh BPL rural households.
“24 X 7 Power For All” Program (A Joint Initiative of Central Govt. & State Governments)
Electricity consumption is one of the most important indices that decide the development level
of a nation. It is the key ingredient for accelerated economic growth and is considered vital
for nation’s overall development. Providing reliable and quality power supply in an efficient
manner is an immediate requirement of the day. There is consistent growth in electricity
demand due to increase in customer base, changes in lifestyle and consumption pattern which
requires continual reinforcement and creation of new electricity infrastructure in Generation,
Transmission and Distribution sectors to meet the consumer expectations.
This program is joint initiative of Government of India with all States and Union Territories (UTs)
to facilitate 24 x 7 power for all by 2019.
Pradhan Mantri Sahaj Bijli Har Ghar Yojana–“Saubhagya”

The Government launched Prime Minister Saubhagya Yojana on 25th September 2017 for
providing electricity to all households of the country. Under this scheme, four crores poor
households are being provided with electricity connection free of charge. The Government is
spending Rs16,000 crore under this scheme.
INFRASTRUCTURE
The Government has fixed a target that every poor of the country may have his own house
by 2022. For this purpose Prime Minister Awas Yojana has been launched in rural and urban
areas of the country. Under Prime Minister Awas Scheme, 51 lakh houses during 2018-19 will
be constructed exclusively in rural areas. In urban areas the assistance has been sanctioned to
construct 37 lakh houses.
Smart Cities Mission aims at building 100 Smart Cities with state-of-the-art amenities. The
Government has selected 99 Cities selected with an outlay of Rs 2.04 lakh crore. These Cities
have started implementing various projects like Smart Command and Control Centre, Smart
Roads, Solar Rooftops, Intelligent Transport Systems, Smart Parks. To preserve and revitalize
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soul of the heritage cities in India, National Heritage City Development and Augmentation
Yojana (HRIDAY) has been taken up in a major way.
The AMRUT programme focuses on providing water supply to all households in 500 cities. State
level plans of Rs77,640 crore for 500 cities have been approved. Water supply contracts for
494 projects worth Rs19,428 crore and sewerage work contract for 272 projects costing
Rs 12,429 crore had been awarded till the Budget 2018.
Project of the Government of India with a target of constructing 83,677 km (51,994 mi) of

new highways at an estimated cost of ` 5.35 trillion (US$78 billion) has been started in 2018.
Bharatmala Phase -I plans to construct 34,800 km of highways (including remaining projects
under NHDP) at an estimated cost of Rs.5,35,000 crore by 2021-22.
INTERNATIONAL SCENARIO
WATER RESOURCES / INFRASTRUCTURE
There are ample opportunities coming in the field of Water Supply, Sanitation and Water
Resources in various regions across the globe. Africa is the fastest growing economy having
various business potentials in different sectors. Countries like Ethiopia, Benin, Sierra Leone, and
Tanzania, Senegal and Ghana have shown excellent upward economic growth over the past
few years and thus opened their doors for major infrastructure works in their region. As a result
of this upward economic growth, these countries are witnessing a rapid population increase in
their cities and towns and due to this urbanization; there is an urgent need for the water supply,
sanitation and sewerage management of these cities and overall water resources management
of their respective countries.
In South America, there is an uneven distribution of water resources among the countries in the
region. South America has some of the richest water resources in the world after Asia. However,
due to the lack of the management, these resources have not been properly and fully utilized.
There is a great potential in the field of Water Resources in various South American Countries.
Among Commonwealth of Independent Countries, commonly known as CIS countries like

Georgia, Belarus and Armenia etc., Georgia is having a very good potential of developing several
multipurpose projects across the country. Likewise, there are various upcoming opportunities in
water supply and road infrastructure development projects in Georgia.
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In infrastructure sector, there are a lot of opportunities in Egypt, Azerbaijan, Guatemala, Jamaica,
Ecuador, Chile, Cuba, Suriname, Costa Rica, Honduras, Indonesia, Papua New Guinea,
Solomon Islands, Vanuatu, etc.
POWER
Hydro
Africa & Asia have abundant hydropower resources. The hydroelectricity generation is very low
as compared to their total technical potential which requires significant investments in
transmission lines to connect projects to demand centers. In the sector of hydro power generation,
with the growth in economies, there is huge need of power. Hence there is good scope of
hydropower energy generation as it is a reliable source of continuous power. In addition to power
generation, this sector also helps in improved infrastructure, safety from floods, availability of
clean energy, water availability for other purposed like drinking, irrigation, fisheries, tourism
etc.
Thermal
South Africa is the fifth largest hard coal producer in the world and a major exporter of coal into
the world market. Africa is the hottest continent on earth; drylands and deserts comprise 60% of
the entire land surface. Total Installed capacity in Africa is about 106 GW but the consumption
is very low. For Africa as a whole, per capita electricity consumption is one-fifth the global
average. Inadequate power transmission and distribution capacity, further adds to the cost of
getting electricity resulting the lowest access to electricity rates, compared to other regions in
the world. Due to this industrial activities are also compromised.
The transmission and distribution networks available in the region also lack efficiency, resulting
in significant electric power distribution losses and reducing the access for the end-uses. Thus
there is an increasing need to improve the Transmission & Distribution network in the country
including emphasis on utilizing the huge amount of available renewable energy like solar,
wind, tide, wave and biomass.
In terms of hydroelectricity generation, the potential (between 100 GW to 150 GW) can be
assessed by investing in transmission lines to connect projects to demand centres.
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Solar
Majority of the African continent lies between the Tropic of Cancer and the Tropic of Capricorn;
and the equator passes through Gabon, Republic of Congo, the Democratic Republic of the
Congo (DR Congo), Uganda, Kenya and Somalia. Africa has a huge resource of high quality
solar power, particularly North Africa and some parts of Southern and East Africa, which have
long sunny days. Hence there is great demand of basic solar-powered lights, charging systems
and appliances and small home solar systems.
Transmission & Distribution projects
Electrification is strongly correlated with the GDP size of an economy. Lack of timely and
quality access to electricity affects GDP per capita and thus growth of a country. In order to
meet growing requirement, development of strong transmission system is required with the
following points in consideration: minimum Right of Way, protection of flora & fauna, wild life,
minimum distribution losses, minimal thefts, etc.
OUTLOOK
The market for consultancy depends on the activities which are taking place and the
competitive strength of the company. The area in which company is presently involved
are Water Resources, Power, Infrastructure apart from this Company’s Vision is “to be a
Premier Consultancy Organization recognised as a Brand in water, Power and Infrastructure
Development for Total Project Solution in India and Abroad”. The company takes great pride
in harnessing and leveraging water and power for empowering nations with innovative, cost-
effective and eco-friendly solutions. WAPCOS has the unique capability of identifying client’s
needs and working out solutions to suit local conditions while working as Owner’s engineers.
To further enhance its operations WAPCOS has started undertaking project from Concept to
Commissioning under single umbrella include Engineering, Procurement and Construction
(EPC). Spending in these areas within the country and elsewhere in the developing countries
has been and will remain a high priority. Besides India, new projects are pipeline in country
like Vietnam.
Access to energy and economic development go hand in hand. Improving electricity supply
and distribution boosts economic growth, creates jobs, and expands the reach of educational
and health services. Unfortunately, most of the population in these continents still lives without
access to adequate electricity. These regions are well known for their vast energy resources.
If harnessed properly, they Continent can not only generate sufficient supply of power for
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domestic use but also can generate excess power that can be exported to other countries and
generate huge revenue. WAPCOS is already present in these places and working on a number
of ongoing projects and there is still a huge scope of increase in our involvement.
Some of the Programmes, wherein opportunities for the Companies are available in India, are
as follows:
1. Tourism Infrastructure Development under Infrastructure Development Investment

Program of ADB.
2. National Rural Drinking Water Programme (NRDWP)
3. Sarva Shiksha Abhiyan (SSA)
4. Pradhan Mantri Gram Sadak Yojna (PMGSY)
5. Swachh Bharat Abhiyan
6. Deen Dayal Upadhayay Gram Jyoti Yojna (DDUGJY)
7. Integrated Power Development Scheme {IPDS)
8. Smart City Mission
9. Pradhan Mantri Krishi Sinchayee Yojna (PMKSY)
10. Pradhan Mantri Awas Yojana (PMAY)
11. Atal Mission for Rejuvenation and Urban Transformation (AM RUT)
12. Monitoring of Medium and small Irrigation Projects
13. National Urban livelihoods Mission (NULM)
14. Pradhan Mantri Ujjwala Yojana
15. Mukhyamantri Awas Yojana Gramin, Uttar Pradesh
16. Mhara Gaon Jagmag Gaon, Haryana
SEGMENT REPORTING
Para 47 of Notes on Accounts attached with the Balance Sheet for the year 2017-18 may be
referred to.
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SWOT Analysis
Challenges Strengths
u Ensuring Growth against Recession u Technical Expertise

u Knowledge and Presence in Business
u High Client Expectations on Schedules Areas
u Intense Focus on Quality Services u Image as a “Technical Consultancy”
Organization
u Retaining Skilled Task Force
u Experience of Working in India and
Asian/African Region
u Focus on Business Performance and
Productivity
Opportunities Projections
u Leader in Business Area

u Project Development ‘Gaps’
u High Productivity-High Levels of staff occupancy with low
3 Funding is available
level of Support Costs
3 Bankable Projects are ‘NOT’
u Trained and Empowered Employees who Contribute to
u Demand for Consultants Organization Growth and Image
3 Who go the ‘Extra Mile’ u High on Both Profitability and Growth
u Communication Technology Leading u Investment in Productivity Enhancement Areas, especially
to Increased Networking Information Technology (IT) and Human Resources
u Focus to Company’s expansion through Brand Building
and Business Promotion in new territories.
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HUMAN RESOURCE AND INDUSTRIAL RELATIONS INCLUDING NUMBER OF THE

PEOPLE EMPLOYED
PERSONNEL DEVELOPMENT
The Company had strength of 923 regular employees as on 31st March, 2018. Besides Contract
Staff, Consultants, Deputationist and Experts are engaged for project works in India and Abroad.
The technical know-how possessed by such experts has been got transferred to Company’s own
Engineers to reduce the dependency on them. To develop its own cadre and to attract young
talent, Experts/Engineer Trainees and Management Trainees have also been recruited in the
Company during the year.
Considering the larger proportion of younger people in the Company, the Company has witnessed
a demographic shift. In order to inculcate the sense of belongingness and induce enthusiasm in
employees, the Personnel Division has taken various measures.
In past few years, the turnover of Company has grown manifold. The Personnel Division with its
various measures have succeeded in achieving the increased work commitments by motivating
employees and deriving optimum of their employee’s capabilities and with limited increase in
manpower.
WELFARE MEASURES/INDUSTRIAL RELATIONS

The Company through its various motivational and welfare measures such as medical scheme,
health check-up scheme, scholarship scheme for employee’s children, benevolent fund scheme,
insurance scheme etc. have maintained amiable relations with employees across all level.
The Industrial Relations in the Company have been very cordial and harmonious. The meetings
of the Industrial Relations Committee have been held from time to time with the representatives
of Trade Union for better understanding. Due consideration has been given to the views/opinion
of representatives of the Officers’ Association for implementing the new schemes and policies
having direct or indirect impact on employees’ interest in general.
PERSONNEL MANAGEMENT INFORMATION SYSTEM (PMIS)

The Personnel Division has introduced a portal for Gurugram Office employees for submission of
their leave application, various certificates, medical checkup applications etc. This has not only
helped the Company to progress to be paperless organization but also expedited the working of
the Company.
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TRAINING AND SKILL DEVELOPMENT

In an ever changing and fast paced corporate world, training and development is an indispensable
function. Training allows employees to acquire new skills, sharpen existing ones, perform better,
increase productivity and be better leaders. Training and skill development of the employees is
among the most important activities of the Human Resource Development at WAPCOS.
The following programmes have been organized for WAPCOS personnel:
Construction Planning & Contract Management in Construction Projects
Construction Management is one of the key lines of business of WAPCOS. A large number of
manpower is repeatedly and extensively engaged in construction projects.
A 3-days in-house training programme was organized, where experts from NCCBM (National
Council for Cement & Building Material) provided knowledge on various aspects of construction
like quality control and quality assurance, distress investigation in concrete structures, estimation
and costing etc. The experts also imparted knowledge on contract management including
tendering, bidding and contractual procedures, dispute resolution and arbitration etc.
The programme was attended by 20 engineering staff spanning over 60 training man-days.
Solar PV Grid Connected System
Solar Power in India is a fast growing industry. India quadrupled its solar-generation capacity
leading to a drop in the average current price of solar electricity. India’s initiative of 100 GW of
solar energy by 2022 is an ambitious target and therefore can be a good business opportunity.
Keeping the above in mind, a 3-days, off-site training programme on ‘Solar PV’, was for the
engineers of WAPCOS. The Training Programme was conducted at NPTI (National Power
Training Institute).
The programme aimed at imparting knowledge on Indian Power Sector Scenario, various
Renewable Energy Technologies, business commercials and growth aspects of Solar PV. It also
included information on physics of Solar PV, types of solar technologies and its applications, PV
module etc. A site visit to NISE (National Institute of Solar Energy) was a knowledge enhancer.
Besides other things, participants got to see a 1MW Hybrid Solar Power plant.
The programme was attended by 20 engineering staff spanning over 60 training man-days.
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MDP: ‘Developing Skills and Competency Building for Leadership Roles’
Leadership development programs are crucial to the long-term success of every organization.
In order to build a high-performing team, optimize your people’s expertise and prepare the
next generation of well-rounded leaders, it is imperative to have a leadership development
programme.
Considering the above a 7-days MDP programme was organized at MDI (Management
Development Institute) – Gurugram. The program covered some aspects of Leadership
development like Anticipating and Managing change in Economic Scenario, Catalyzing
Innovation in your organization, Engaging Diverse Workforce, Organizational Communication,
Personal Effectiveness, Conflict Management, Negotiation to Win-Win and Neuro Linguistic
Programming (NLP), Leadership Perspective.
The programme was attended by 24 Senior Officers spanning over 168 training man-days.
Smart Cities Mission
The Smart Cities Mission is an innovative and new initiative by the Government of India to drive
economic growth and improve the quality of life of people by enabling local development and
harnessing technology as a means to create smart outcomes for citizens. Under this mission,
GoI has undertaken to develop 100 cities all over the country, making them citizen friendly and
sustainable. This requires comprehensive development of infrastructure and therefore can be a
good business opportunity.
The lecture on Smart Cities which was based on the concepts that are followed in South Asian
Countries like Singapore, Kuala Lumpur (Malaysia) & Bangkok (Thailand) was organized for
engineers of WAPCOS. The lecture covered knowledge sharing on relevance of South East
Asia Model for Indian Infrastructure Development, Infrastructure development models for cities,
Roads & alternate transport system, Water Supply & Drainage Systems, Inland Water Transport
System, etc. The lecture was attended by 31 WAPCOS officials.
e-Tendering
As WAPCOS is adapting to E-Tendering, it was important to train the staff about the process and
how to handle the ‘Online Tool’. A 2-days in-house training programme: Electronic-Tendering
Engine was organised. Training was delivered by experts of M/S TCIL (Telecommunications
Consultants India Limited). This hands-on technical training was attended by 50 officers.
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Non-Revenue Water
Non Revenue Water (NRW) is water that has been lost before it reaches the customer. Losses
can be real or apparent. High levels of NRW are detrimental to the financial viability of water
utilities and to the quality of water as well. Hence it is important to learn the measurement of
losses of NRW and its impact. The training was imparted to 19 WAPCOS officials.
GST
The recent pace of developments in the direction of GST implementation has made it imperative
to understand the basic features of the law and its impact on the industries. Therefore a 1-day
workshop on GST was organized for the officials of WAPCOS. The workshop was attended by
61 officials.
Water Demand and Audit Management and Integrated River Basin Planning
An extensive seven days training was organized on the ‘WATER’. The programme captured
the concept of Water as a physical resource, as an economic commodity and a vital vehicle
for social-cultural nexus. The training was a blend of interactive lectures, discussions of best
practices, case studies and breakaway sessions. The program was attended by 27 officers
spanning across 189 training man-days.
Capabilities of Software in Water Resources, Power and Infrastructure Development
Technology is changing rapidly and is making life more convenient. Recent developments of
technology have made it possible to locate and make detailed reports of remote areas sitting
miles away. However, knowledge of existence as well as capabilities of such software is essential
for the progress of an engineering organization like ours. A one day workshop on Capabilities
of Software in Water Resources, Power and Infrastructure Development was organized for
WAPCOS officers.
URJA - Team Building & Interactive Sessions Workshop
Team bonding brings people together by encouraging collaboration and teamwork. Fun activities
that help people see each other in a different light allow them to connect in a different setting.
One of the most powerful reasons for team building is to get results by improving skills like
communication, planning, problem-solving and conflict resolution. Keeping this in mind a large
scale team building event was organized for all the Women Officers and Staff of WAPCOS.
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Managing Business Opportunities
One of the most important activities of managing a commercial organization is to manage

and harness business opportunities. Keeping this in mind, a one day workshop on ‘Business
Management: Managing Business opportunities’ is organized for officers of WAPCOS. The
workshop was facilitated by CMD (WAPCOS) R. K. Gupta.
External Training Programmes
Skill Development is a continuous process and therefore at WAPCOS employees are also
nominated to attend external training programmes, workshops and seminars to overcome the
gaps in their skill and knowledge requirements. About 40 nos. of employees were given the
opportunity to attend various training programmes covering a total of 142 training man-days.
During the period 1st April 2017 - 31st March 2018, 292 officers were trained out of a total
of 923 regular employees, covering a total of 31.6% of employees and spanning over 1013
training man-days.
ENVIRONMENTAL PROTECTION AND CONSERVATION, TECHNOLOGICAL

CONSERVATION, RENEWABLE ENERGY DEVELOPMENTS, FOREIGN EXCHANGE
CONSERVATION
WAPCOS provides consultancy on various sectors of Environment including Environmental
Impact Assessment Studies on various infrastructure projects; Environmental Management
Plans; Environmental Modeling Studies; Aquatic Ecological Studies; Bio-diversity Conservation
and Catchment Area Treatments. In the year 2017-18, Environmental Impact Assessment studies
for various Irrigation, Hydroelectric, Port and Harbor, Mines projects were conducted, which
covered various aspects of Environmental Conservation through Environmental Management
Plan, Environmental Modeling Studies, Bio-diversity conservation etc. The Company is also
involved in Basin Study of various river basins to formulate measures for sustainable development
of hydropower on a basin level.
The Company is also involved in Ghats and River Front Development Works in various States
in Ganga Basin and river basins.
As regards, Renewable Energy Developments, it is stated that the Company provides consultancy
services for small hydro and micro hydel schemes, which are categorized as renewable energy
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sources. The Company provides consultancy pertaining to topographical surveys, geotechnical

mapping, geo-technical investigations as a part of preparation of feasibility studies and bankable
Detailed Project Report. In the transmission line sector, the Company is involved in rural
electrification, power system studies, site selection, construction supervision of sub-stations and
quality assurance activities.
In order to conserve precious Foreign Exchange, the company obtains Foreign currency payments
(hard currency) for executing overseas projects and the expenditure is also incurred judiciously
and surplus is brought back to India.
RISK AND CONCERNS

WAPCOS is basically a consultancy company and provides engineering consultancy services
in all facets of Water Resources, Power and Infrastructure Sectors in India and Abroad. Taking
into account Business Operations, Risk Management Policy was formulated with the approval of
the Board. The policy contains identified Risk Areas and Action Plan suggested for mitigation of
identified risks. The Risk Areas identified are Competition/Market Share Risk, Human Resource
Risk, Insurance Risk, Realizations Risk, System Risk and Fraud Risk.
The general concerns of the Company include Recession in Global Markets, Operations at low
margins. Need for Partnering with Construction Companies/Manufacturers before bidding due to
Increase in demand for Engineering, Procurement and Construction Contracts, High Turnover of
skilled manpower, which is moving to greener pastures etc. The constraints are being overcome
with the hard work, devotion and initiative exhibited by the employees.
Specific concerns for the Company include local conditions in some countries such as Ebola in
West Africa; Security problems in Afghanistan; Coups and Rebels in Yemen, Burkina Faso and
DR Congo; Earthquake in Nepal etc.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY

The Company has Internal Control Systems for achieving its objective and these systems are
adequate.
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CAUTIONARY STATEMENT
Statements in Management Discussion and Analysis are based on current business environment.
Actual results could differ from those expressed or implied based on future economic and other
developments, both in India and Abroad.
Sd/-
(R. K. Gupta)
PLACE: GURUGRAM
DATE : 14.08.2018
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Annexure-C
Form No. MGT-9

EXTRACT OF ANNUAL RETURN as on the financial year ended on
31st March, 2018
[Pursuant to section 92(3) of the Companies Act, 2013 and rule 12(1) of the Companies
(Management and Administration) Rules, 2014]
I. REGISTRATION AND OTHER DETAILS:

i) CIN : U74899DL1969GOI005070
ii) Registration Date : 26/06/1969
iii) Name of the Company : WAPCOS LIMITED
iv) Category/Sub-Category of the Company : Company limited by shares / Union
Government Company
v) Address of the Registered office and contact details :
5th Floor, Kailash, 26, Kasturba Gandhi Marg, New Delhi
Tel: 011-23313131, 23354532
Fax: 011-23313134
Email: ho@wapcos.co.in
Website: www.wapcos.co.in
vi) Whether listed company : No
vii) Name, Address and Contact details of Registrar and Transfer Agent : Not
Applicable
II. PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY

All the business activities contributing 10% or more of the total turnover of the
company shall be stated:-
S. Name and Description of NIC Code of the % to total turnover

No. main products/services Product/service of the company
1. Consultancy including Construction 7110 61.10%
Consultancy
2. Construction & Maintenance of 4290 38.90%
Hydro-Electric Projects
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III. PARTICULARS OF HOLDING, SUBSIDIARY AND ASSOCIATE COMPANIES:

S. Name and CIN/GLN Holding/ % of Applicable
No. Address of the Subsidiary/ shares held Section
Company Associate
1 Nil Nil Nil Nil -
IV. SHARE HOLDING PATTERN (Equity Share Capital Breakup as percentage of Total
Equity)
i) Category-wise Share Holding
Category of No. of Shares held at the beginning of the year No. of Shares held at the end of the year % Change
Shareholders [As on 31-March-2017] [As on 31-March-2018] during
the year
Demat Physical Total % of Total Demat Physical Total % of Total
Shares Shares
A. Promoter s
(1) Indian
a) Individual/ HUF
b) Central Govt - 6500000 6500000 100 - 10000000 10000000 100
c) State Govt(s)
d) Bodies Corp.
e) Banks / FI
f) Any other
Sub-total (A) (1): - - 6500000 6500000 100 - 10000000 10000000 100
(2) Foreign Nil
a) NRIs - Individuals
b) Other – Individuals
c) Bodies Corp.
d) Banks / FI
e) Any Other….
Sub-total (A) (2): - Nil
Total shareholding - 6500000 6500000 100 - 10000000 10000000 100

of Promoter
(A) = (A)(1)+(A) (2)
B. Public Shareholding Nil
1. Institutions
a) Mutual Funds
154
WAPCOS
Category of No. of Shares held at the beginning of the year No. of Shares held at the end of the year % Change
Shareholders [As on 31-March-2017] [As on 31-March-2018] during
the year
Demat Physical Total % of Total Demat Physical Total % of Total
Shares Shares
b) Banks / FI
c) Central Govt
d) State Govt(s)
e) Venture Capital
Funds
f) Insurance Companies
g) FIIs
h) Foreign Venture
Capital Funds
i) Others (specify)
Sub-total (B)(1):- Nil
2. Non-Institutions Nil
a) Bodies Corp.
i) Indian
ii) Overseas
b) Individuals
i) Individual
shareholders holding
nominal share capital
upto Rs. 1 lakh
ii) Individual
shareholders holding
nominal share
capital in excess of
Rs 1 lakh
c) Others (specify)
Sub-total (B)(2):- Nil
Total Public Nil

Shareholding (B)=(B)
(1)+ (B)(2)
C. Shares held by Nil

Custodian for GDRs
& ADRs
Grand Total (A+B+C) - 6500000 6500000 100 - 10000000 10000000 100
155
WAPCOS
(ii) Shareholding of Promoters

S. Shareholder’s Shareholding at the beginning of the year Share holding at the end of the year % change in
No. Name share holding
during the
No. of Shares % of total % of Shares No. of Shares % of total % of Shares year
Shares of the Pledged / Shares of the Pledged /
company encumbered company encumbered
to total to total
shares shares

1 President of India
6500000 100 - 10000000 100 - -
and his Nominee
(iii) Change in Promoters’ Shareholding (please specify, if there is no change)

S. Shareholding at the Date Increase/ Reason Cumulative Shareholding
No. beginning of the year Decrease in during the year
shareholding
No. of % of total No. of % of total shares

shares shares of the shares of the company
company
1 President of 6500000 100 23.03.2018 3500000 Increase of 10000000 100

India and 3500000 equity
his Nominee shares by way
of Bonus Shares
allotted
At the end 10000000 100

of the year
(iv) Shareholding Pattern of top ten Shareholders (other than Directors,

Promoters and Holders of GDRs and ADRs):
S. For Each of the Top 10 Shareholders Shareholding at the Shareholding at the
No. beginning of the year End of the year
No. of shares % of total No. of % of total shares of

shares of the shares the company
company
At the beginning of the year Nil Nil
Date wise Increase /

Decrease in Share Nil Nil
holding during the year specifying the
reasons for increase/decrease (e.g.
allotment / transfer / bonus / sweat equity etc):
At the End of the year (or on the date of Nil Nil

separation, if separated during the year)
156
WAPCOS
(v) Shareholding of Directors and Key Managerial Personnel:

S. For each of the Shareholding at the Date Increase/ Reason Cumulative Shareholding
No. Directors and beginning of the year Decrease in during the year
KMP shareholding
No. of % of total No. of % of total

shares shares shares shares
of the of the
company company
1. R.K. Gupta, 130 0.002 23.03.2018 70 Increase of 200 0.002

CMD WAPCOS 70 equity
shares
by way
of Bonus
Shares
allotted
At the end of the 200 0.002

year
2. Akhil Kumar, 130 0.002 23.03.2018 70 Increase of 200 0.002

Joint Secretary 70 equity
(Admn.& GW), shares
Ministry of Water by way
Resources, RD&GR of Bonus
Shares
allotted
At the end of the 200 0.002

year
157
WAPCOS
V. INDEBTEDNESS
Indebtedness of the Company including interest outstanding/accrued but not
due for payment
Secured Loans Unsecured Deposits Total
excluding Loans Indebtedness
deposits
Indebtedness at the beginning of the

financial year
i) Principal Amount
.
...
...
ii) Interest due but not paid
...
...
...
iii) Interest accrued but not due
...
...
...
Total (i + ii + iii)
...
...
...
Change in Indebtedness during the
...
...
financial year
...
IL
.N
Addition
...
Reduction ...
...
...
...
Net Change
...
...
...
Indebtedness at the end of the

...
financial year
...
...
...
i) Principal Amount
...
...
ii) Interest due but not paid

iii) Interest accrued but not due
Total (i + ii + iii)
158
WAPCOS
VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Managing Director, Whole-time Directors and/or
Manager:
(Amount in Rs.)
S. Particulars of Name of Total Amount
No. Remuneration MD/WTD/
Manager
1 Gross salary R. K. Gupta, Pankaj Kapoor

Chairman Cum Director (Finance)
Managing Director
(a) Salary as per provisions 37,96,441 28,01,787 65,98,228

contained in section17(1) of
the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) 21,54,432 10,23,227 31,77,659

Income-tax Act, 1961
(c) Profits in lieu of salary under - - -

section 17(3) Income-tax
Act,1961
2 Stock Option - - -
3 Sweat Equity - - -
4 Commission - - -
- as % of profit
- others, specify…..
5 Others, please specify - - -
Total(A) 59,50,873 38,25,014 97,75,887
Ceiling as per the Act Ceiling not applicable as Company is Private Company
159
WAPCOS
B. Remuneration to other directors: (Amount in Rs.)
S. Particulars of Remuneration Name of Directors Total Amount

No.
Independent Directors Dr. Kiran Pandya Dr. S.K. Singh
1 Independent Directors Fee for 2,16,000 2,07,000 4,23,000
attending board / committee meetings
Commission - -
Others, please specify - -
Total (1) 2,16,000 2,07,000 4,23,000

2 Other Non-Executive Directors - -
Fee for attending board /committee - -
meetings
Commission - -
Others, please specify - -
Total (2) - -
Total (B)=(1+2) 2,16,000 2,07,000 4,23,000

Total Managerial - -
Remuneration
Overall Ceiling as per the Act - -
160
WAPCOS
C. REMUNERATION TO KEY MANAGERIAL PERSONNEL OTHER

THAN MD/MANAGER/WTD - NA
S. Particulars of Remuneration Key Managerial Personnel

No.
CEO CS CFO Total
1 Gross salary NA
(a) Salary as per provisions contained in section

17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income-tax

Act, 1961
(c) Profits in lieu of salary under section 17(3)

Income-tax Act, 1961
2 Stock Option NA
3 Sweat Equity NA
4 Commission - as % of profit others, specify… NA
5 Others, please specify NA
Total NA
161
WAPCOS
VII. PENALTIES / PUNISHMENT/ COMPOUNDING OF OFFENCES: - NIL
Type Section of the Brief Details of Authority Appeal made,

Companies Description Penalty / [RD / NCLT/ if any (give
Act Punishment/ COURT] Details)
Compounding
fees imposed
A. COMPANY – NIL
Penalty
Punishment
Compounding
B. DIRECTORS – NIL
Penalty
Punishment
Compounding
C. OTHER OFFICERS IN DEFAULT – NIL
Penalty
Punishment
Compounding
Sd/-
(R. K. Gupta)
PLACE : GURUGRAM
DATE : 14.08.2018
162
WAPCOS
Annexure-D
Annual Report on Corporate

Social Responsibility Activities
Sl. Description Details

No.
1. A Brief outline of the company’s CSR policy, Attached at Annexure-I
including overview of projects or programs proposed
to be undertaken and a reference to the web-link to www.wapcos.co.in/corporate-
the CSR policy and projects or programs. social-responsibility.aspx
2. The Composition of CSR Committee Attached at Annexure-D2

3. Average net profit of the company for last three Rs. 13387.39 Lakhs
financial years (2014-15, 2015-16 & 2016-17)
4. Prescribed CSR Expenditure(two percent of the Rs. 267.75 Lakhs
amount as in Item 3 above)
5. Details of CSR spent during the financial year
(a) Total Amount to be spent for the financial year Rs. 267.75 Lakhs
(b) Amount unspent, if any; Nil
(a) Manner in which the amount spent during the Attached at Annexure-II
financial year is detailed below.
6. In case the company has failed to spend the two N.A.
percent of the average net profit of the last three
financial years or any part thereof, the company shall
provide the reasons for not spending the amount in
its Board report.
7. The implementation and monitoring of CSR Policy, is in compliance with CSR

objectives and Policy of the company.
Sd/- Sd/-
(R.K. Gupta) (Dr. S.K. Singh)
Chairman-cum-Managing Director Independent Director
Place : Gurugram
Date : 14.08.2018
163
WAPCOS
Annexure-D1
Brief outline of CSR Policy

WAPCOS Limited is a “MINI RATNA” Public Sector Enterprise under the aegis of the Union
Ministry of Water Resources, River Development & Ganga Rejuvenation. Incorporated on
26th June, 1969 under the Companies Act 1956. WAPCOS has been providing consultancy
services in all facets of Water Resources, Power and Infrastructure sectors in India and Abroad.
The quality management systems of WAPCOS comply with the Quality Assurance requirements
of ISO 9001:2015 for Consultancy Services.
WAPCOS as a techno-commercial organization utilizes the talent and expertise developed

in the various organizations of Government of India and State Governments. WAPCOS is
responsible for providing quality time bound services to the clients which is the very essence
of WAPCOS operations. Transfer of appropriate technology to the Clients’ personnel, which
can be assimilated effectively and sustained efficiently on a long term basis, is the essence of
WAPCOS’ Service.
WAPCOS has been undertaking various social welfare and environment protection related
activities for last several years. Since 2010 it has been steering its efforts to align with the
guidelines issued by DPE in respect of CSR & Sustainable Development and subsequently with
the revised guidelines applicable since April 2013. Being a public sector enterprise, WAPCOS
abided by the guidelines and notification issued by the Department of Public Enterprises (DPE),
Government of India. With the issue of notification dated 27.2.14 by the Ministry of Corporate
Affairs, WAPCOS abides by the Section 135 of the Companies Act alongwith CSR Rules relating
to Corporate Social Responsibility activities undertaken by the company.
As a conscious corporate citizen, WAPCOS’ well-designed policy for CSR and Sustainability not
only fulfills its obligations but also makes a meaningful impact on society.
WAPCOS CSR VISION

“To be a Responsible Corporate Citizen striving to improve the quality of life and economic well
being of the society and protect the environment.”
164
WAPCOS
Objectives of CSR policy

u To enhance commitment at all levels in the organization to conduct its business in
an economically, socially and environmentally sustainable manner that is transparent
and ethical.
u To provide guidance for identifying suitable CSR projects and implementing the same.
u To assist socially and economically weaker segments of society to overcome their
hardship and impoverishment.
u To create community assets for improving the quality of life in rural/urban society.
u To act as good corporate citizen, subscribing to the principles of Global Compact for
implementation
u To reinforce the image of WAPCOS as a responsible corporate entity.
WAPCOS has carefully factored in its organizational capabilities for identifying the focus areas
for CSR initiatives.
WAPCOS views CSR as a way of conducting business which enables the creation and
distribution of wealth for the betterment of its stakeholders through the implementation and
integration of ethical systems and sustainable management practices. The CSR Agenda of
WAPCOS mandates the company to conduct its business in a socially responsible way by
maintaining high level of organizational integrity and ethical behavior; conforming to the
expected standards of transparency in reporting and disclosing its performance in all the
spheres of its activities; demonstrating concern for the welfare of its employees; adopting
production methods, commercial operations and management practices that promote social
and environmental sustainability; and, retaining the trust and confidence of the investors and
shareholders by matching its financial performance with equally commendable achievements
in non-financial parameters. This approach to CSR reinforces WAPCOS role as a consultancy
organization in making an impact on socio economic growth and environment protection.
WAPCOS actively pursues internalizing CSR agenda in the organization at all levels by
conducting training and awareness programs for employees. Communication and Engagement
strategies are devised to spread awareness and create higher engagement of employees to adopt
socially and environmentally sustainable methods.
165
WAPCOS
Institutional Set-up
The institutional set-up for CSR activities at WAPCOS is as follows:
A two tier structure for Corporate Social Responsibility Activities was created in line with DPE’s
Guidelines on the subject. The Board Level Committee in this structure comprised of one
Government Nominee Director K. Nagaraj Naidu (who was replaced by Vinod Kurian Jacob
w.e.f. 21.12.2017) and two Independent Directors namely Dr. S.K. Singh as Chairman and Dr.
Kiran Pandya as Member. The below Board Level Committee is comprised of Executive Director
(GR, E&CM) as nodal officer and Senior General Manager (Commercial), Chief (PR), Chief (CP)
and Deputy Chief Manager (Finance) as members.
Source of Funds
Prescribed limit of 2% of the average net profit (to be calculated in accordance with the
provision of section 198) of the company made during the three immediately preceding financial
years to be spent during 2017-18 in pursuance of its Corporate Social Responsibility activities
as stipulated in the Act and the CSR Rules has been met.
CSR & Sustainability Process at WAPCOS
Planning:
In the first phase of planning, the broad areas/ projects of CSR are identified. This is done based
on the budget allocation and identification of area/location of the CSR project.
Before taking any final decision on the selection of any CSR and Sustainability project,
WAPCOS assess the needs of the intended beneficiaries for a realistic assessment of the resource
inputs required for the expected level of social / economic / environmental impact through the
implementation of the project.
Implementation:
Activities selected under CSR and Sustainability agenda by WAPCOS are normally implemented
in a project mode, which entails charting the stages of execution in advance through planned
processes, with mobilization of pre-estimated quantum of resources and within the allocated
budgets and prescribed timelines. It also involves assigning clear responsibility and accountability
166
WAPCOS
of the designated officials / agencies who are entrusted with the task of implementation. All CSR
and Sustainability projects are carried out with defined deliverables, planned timelines and
through implementation partners.
Monitoring:
To assess if the progress is on expected lines in terms of timelines, budgetary expenditure and
achievement of physical targets, monitoring is done periodically with the help of identified key
performance indicators; the periodicity being determined largely by the nature of performance
indicators. Continuous feedback and mid-course correction in implementation, whenever
required are key components of effective monitoring process.
Impact Assessment:
Impact assessment is mandatory for projects, of the threshold value of Rs.25 lakhs and above. In
order to have visible impact of long term projects, impact assessment studies of such projects is
carried out on completion of continued period of every 3 years, or actual period of completion,
whichever is earlier.
The thrust of CSR and Sustainability is clearly on sustainable development, inclusive growth,
capacity building, empowerment of communities, inclusive socio-economic growth,
environment protection, promotion of backward regions and upliftment of the marginalized
and under privileged sections of the society. While selecting the activities, the main focus is
on sustainability development and inclusive growth to address the basic needs of the deprived,
under-privileged, neglected and weaker sections of the society e.g. SC, ST, OBCs, Minorities,
BPL, old and aged women / girl child, physically challenged etc.
Priority is given to the issues which are of foremost concern in the National Development
agenda, like; provision of toilets, health and sanitation and education etc. for sustainable
development and inclusive growth of deprived.
WAPCOS has undertaken CSR and Sustainability initiatives in the diverse fields in different states
of India for environmental sustainability and socio-economic development of underprivileged
167
WAPCOS
during 2017-18. Broadly, WAPCOS has undertaken CSR and Sustainability activities in the
following fields which have been successfully implemented;
1. Environment Sustainability
Provision of Solar Street Lights at Gogunda Block, Udaipur, Rajasthan
2. Capacity Building/Skill Development
Inauguration of Vocational Training Centre Apparel and Dress Designing Training Classes
at Dehradun at Vocational Training Centre, Dehradun
168
WAPCOS
Vocational Training Courses for Women Presentation of Certificates of Participants at

at New Delhi Skill Development Centre, Amritsar
Computer learning classes for girl students
169
WAPCOS
3. Swatch Bharat Mission - Health, Hygiene and Sanitation Practices
Construction of Toilets for School Children in Construction of Toilets for Villagers at

Bahraich District, Uttar Pradesh Singhwahini village, Sitamarhi, Bihar
4. Rural Development
Provision of Rain Water Harvesting Tanks in Tilonia, Rajasthan
170
WAPCOS
Annexure-D2
Composition of CSR Committee
The Board level Committee set-up for CSR is as follows:
Composition of the Name & Designation of the officer

Committee heading the Committee / Group
Board level Committee Board level 1. Dr. S.K. Singh, Independent

(headed by an Independent Committee Director / Chairman of Committee
Director) to oversee 2. Dr. Kiran Pandya, Independent
implementation of CSR Director / Member
policies.
3. Vinod K Jacob, Joint Secretary
(ED), MEA
All the members of the Committee attended all the meetings except Vinod K Jacob,
Joint Secretary (ED), MEA (Government Nominee) in the meeting held on 08.01.2018.
171
Annexure-D3
SI Name of Activity Sector in Projects/ Programmes Amount Amount spent Cumulative Amount Spent
No. which the 1 local area/Others outlay(Budget) on the project/ Amount Spent direct / through
project is of Project/ programme during 2017-18 implementing
covered 2 Specify the State/ district Program wise Agency
(Name of the District /
State Subheads
where project/ programme was 1. Direct
undertaken Expenditure
on project
2. Overheads
1. Socio-Economic Empowerment Promote 1. Durgyana Temple Rs.4,80,000/- 1. Rs.3,12,000 Rs. 3,12,000 M/S Shree
of poor girls through skill Education 2. Amritsar District, Punjab 2. -------- Durgayna
development training program Committee
in Amritsar.
2. Socio-Economic Empowerment Promote 1. Rajapuri, Uttam Nagar Rs.24,85,000/- 1. Rs.20,24,280 Rs. 20,24,280 M/S Shri
of underprivileged women Education 2. New delhi 2. -------- Deep Chand
through vocational training for Educational
deprived society in Rajapuri, Society
Uttam Nagar, New Delhi
3. Improving health and quality of Preventive 1. 15 nos. of villages; Rs.19,78,560/- 1. Rs.19,78,560 Rs. 19,78,560/- M/S Pine Sports
172
life of poor rural households in Health Care/ u Lachheda, 2. --------
Muzafarnagar District of Uttar Promote
u Chinnamau
Pradesh through installation of Sports
gym equipments for youth of u Bitavada,
villages. u Goyala
u Baroda
u Hadoli
u Ksauli
u Kuralsi
u Chhachharpur
u Dudhali
u Salawa
u Budia kalan
u Didavali
u Sonta
u Barkali nekpur
2. Muzaffarnagar,Uttarpradesh
WAPCOS
WAPCOS

State Subheads
on project
2. Overheads
4. Socio- Economic Empowerment Promote 1. Rajiv Nagar, Begumpur village Rs.23,80,536/- 1. Rs.20,07,768 Rs. 20,07,768 M/S Shri
of underprivileged women Education Jain Nagar Rama Vihar & 2. -------- Deep Chand
through skill development adjoining area Educational
& enhanced livelihood 2. New Delhi Society
opportunities in Rajiv Nagar,
Begumpur, New Delhi.
5. Sanitation and Public Utility Preventive 1. Lakshmanpur village Rs.23,61,840/- 1. Rs.23,61,840 Rs. 23,61,840 M/S Geetawali
Program- Construction of Health Care/ 2. Shamli, Uttar Pradesh 2. -------- Khadi
toilets in village Lakshmanpur, Promote Gramodhyog
Block Unn, District Shamli, Swachh Vikas Samiti
Uttar Pradesh. Bharat Mission
6. Non-Conventional Energy Environmental 1. 5 nos. of villages in Gogunda Rs.27,74,970/- 1. Rs.22,46,695 Rs.22,46,695/- M/S SYWAC
Sources – To Develop Sustainability block; 2. --------
173
infrastructure facilities for u Mazawari
providing electricity through
u Semtal
Solar Lighting Systems in
Udaipur district of Rajasthan. u Narsingh Ka Guda
u Dheerji Ka Guda
u Khakhri
2. Udaipur, Rajasthan
7. WAPCOS participation in CSR Swachh 1. Pragati Maidan Rs.11,19,829/- 1. Rs.10,91,154 Rs.10,91,154/- ----
Fair 2017-18 Bharat Mission 2. New Delhi 2. --------
8. Preventive Health Care – Preventive 1. Village Nodera, Tehsil Raniganj Rs.5,00,000/- 1. Rs 5,00,000 Rs.5,00,000/- M/S
Organizing Health Camps Health Care/ 2. Pratapgardh, Uttar Pradesh 2. -------- Samudayik
in village Nodera, Tehsil Promote Vikas Samiti
Raniganj, District Pratapgarh, Swachh
Uttar Pradesh. Bharat Mission
State Subheads
on project
2. Overheads
9. Supporting the Liver Promoting 1. Vasant Kunj Rs.84,00,000/- 1. Rs 24,07,750 Rs.24,07,750/- M/S Institute of
Transplantation Surgeries of Health Care 2. New Delhi 2. -------- Liver and Biliary
Economically Weaker Patients. Sciences (ILBS)
10. Providing hospital equipments Promote 1. Bahadur Garh Rs.23,79,819/- 1. Rs 11,04,414/- Rs. 11,04,414 M/S Maharaja
to M/S Maharaja Agrasen Health Care 2. Haryana 2. -------- Agrasen Hospital
Hospital at Bahadurgarh, Charitable Trust
Haryana, to be installed
in the Intensive Care Unit
for Economically weaker/
Underprivileged patients
11. Provision of medicines for Promote 1. Taluka Barwala Rs.8,00,000/- 1. Rs 1,44,451/- Rs. 1,44,451/- M/S Shree
needy poor patients of the Health Care 2. Botad Sarangpur District, 2. -------- Kahhtbhanjan
hospital being run by M/S Gujarat Dev Hanumanji
174
Shree Kahhtbhanjan Dev Mandir
Hanumanji Mandir, Gujarat
12. Vocational training for Promote 1. Slums of Dehradun Rs.36,27,200/- 1. Rs 6,26,458/- Rs. 6,26,458 M/S Aroh
income generation activities Education 2. Dehradun District, Uttrakhand 2. -------- Foundation
to marginalized youths and
women in Retail and Marketing,
Computer Applications,
Cutting and Tailoring, Making
of Handicraft items in slums of
Dehradun, Uttarakhand.
13. Sanitation and Public Utility Preventive 1. 7 nos. of villages; Rs.17,93,827/- 1. Rs 10,76,296/- Rs.10,76,296/- M/S Sustainable
Program- Construction of Health Care/ u Ghoghavakala 2. -------- Action Towards
toilets in Shravasti (Balrampur), Promote Human
u Bharihva,
Uttar Pradesh. Swachh Empowerment
Bharat Mission u Bechua (SATHEE)
u Gaganpur Gothwa
u Nasir Ganj
u Ashoknagar
u Khutehna
2. Shravasti and Bhairaich District,
Uttar pradesh
WAPCOS
WAPCOS

State Subheads
on project
2. Overheads
14. Impact Assessment studies 1. Villages/slums of Mukundwari & Rs.4,00,000/- 1. Rs 4,00,000/- Rs.4,00,000/- M/S New
of projects – CSR and nearby areas and 15 villages of 2. -------- Millennium
Sustainability activities during Promote Alwar Information
2017-18. Education 2. Aurangabad(backward) District Technology
of Maharashtra and Alwar Centre
1. Vocational training & district of Rajasthan
for income generation
activities to marginalized Environmental
youth and women in retail Sustainability
and marketing, computer
applications, cutting
and tailoring, making
of handicraft items in
Aurangabad (Backward)
district of Maharashtra
175
for Rs.2,50,000/-.
2. Environmental Sustain-
ability - Promotion of
renewable Sources
of Energy- Non-
Conventional Energy
Sources- To develop
infrastructure facilities
for providing electricity
through Solar Lighting
Systems in 10 nos
of villages in Alwar
District of Rajasthan for
Rs.1,50,000/-
15. Development of Centre for the Old Age 1. Village Bissar Rs. 5,00,000/- 1. Rs 5,00,000/- Rs 5,00,000/- M/S
benefit of citizens in old age Home 2. Nuh-Mewat District, Haryana 2. -------- Kamdhenu
above 60 years. Arogya
Sansthan
State Subheads
on project
2. Overheads
16. Sanitation and Public Preventive 1. Village Singhwahini Rs. 25,00,000/- 1. Rs 7,50,000/- Rs. 7,50,000/- M/S
UtilityProgram – Construction Health Care/ 2. Sitamarhi District, Bihar 2. -------- Aroh
of toilets in village Singhwahini, Promote Foundation
District Sitamarhi, Bihar. Swachh
Bharat Mission
17. Rain water harvesting tanks in Environmental 1. Siksha Niketan Tilonia and Rs.10,00,000/- 1. Rs 2,00,000/- Rs 2,00,000/- M/S
Tilonia, Rajasthan. Sustainability Bridge school 2. -------- Barefoot
2. Ajmer District, Rajasthan College
18. Education Program for Promote 1. Village Karharwa Rs.22,50,160/- 1. Rs 22,50,160/- Rs. 22,50,160/- M/S
underprivileged children Education 2. Sitamarhi District, Bihar 2. -------- Ap Deepo
living in Karharwa village of Bhava
Singhwahini Panchayat in Foundation
Sonbarsa Block, Sitamarhi
176
District, Bihar.
19. Education Program for Promote 1. Village Badi Singhwahini Rs. 20,52,160 1. Rs 20,51,289/- Rs.20,51,289/- M/S
underprivileged children living Education 2. Sitamarhi District, Bihar 2. -------- Ap Deepo
in Badi Singhwahini village Bhava
of Singhwahini Panchayat in Foundation
Sonbarsa Block, Sitamarhi
District, Bihar
20 Economic Empowerment Empower 1. Rajiv Nagar, Begumpur village Rs. 10,73,200/- 1. Rs 87,800/- Rs. 87,800/- M/S
of Underprivileged youth Women Jain Nagar Rama Vihar & (Rs 9,83,098/- 2. -------- Shri Deep
and women through Skill adjoining area spent during Chand
Development and Enhanced 2. New Delhi 16-17) Educational
livelihood opportunities in Rajiv Society
Nagar and Adjoining Area-
21. Socio-Economic Empowerment Empower 1. Sarcoda village Rs.15,00,620/- 1. Rs 7,50,310/- Rs. 7,50,310/- M/S SYWAC
of Underprivileged youth Women 2. Lalit pur, Uttar Pradesh (Rs 7,50,310 2. --------
and women through Skill spent during
Development and Enhanced 2016-17)
livelihood opportunities in
Sarcoda village, Lalitpur, Uttar
Pradesh.
WAPCOS
WAPCOS

State Subheads
on project
2. Overheads
22. Vocational training for Promote 1. Villages/slums of Mukundwari & Rs.30,51,400/- 1. Rs 6,10,280/- Rs. 6,10,280/- M/S
income generation activities Education nearby areas (Rs. 24,41,120 2. -------- Aroh
to marginalized youth and 2. Aurangabad (Backward) district spent during Foundation
women in retail and marketing, of Maharashtra 2016-17)
computer applications,
cutting and tailoring,
making of handicraft items
in Aurangabad (Backward)
district, Maharashtra.
23. Drinking water facility for Preventive 1. Shri Kartikay Temple Rs. 22,92,000/- 1. Rs 9,16,800/- Rs. 9,16,800/- M/S
poor villagers and pilgrims Health Care/ 2. Rudraprayag, Uttarakhand (Rs.13,75,200/- 2. -------- Shri Kartikaye
in Shri Kartikay Temple and Promote spent during Mandir Samiti
Dharamshala at Rudraprayag, Swachh 2016-17)
Uttarakhand- Kartik Swami Bharat Mission
177
Solar Pumping Water Supply
Scheme.
24. Enhancing the awareness Preventive 1. 5 nos. of villages; Rs. 7,85,000/- 1. Rs.1,57,000/- Rs. 1,57,000/- M/S
among the villagers and local Health Care/ u Bishunpur,
(Rs. 6,28,000/- 2. --------- Do Kadam
residents through organizing Promote spent during Humare Sath
u Dahua,
capacity building workshops & Swachh 2016-17)
training on use of Safe Water, Bharat Mission u Lohadih,
Health, Hygiene, Sanitation u Mattikur
and Solid Waste Management u Balidih
in 5 needy villages of Deoghar
2. Deoghar District, Jharkhand
District of Jharkhand.
25. Non-Conventional Energy Environmental 1. 5 nos. of villages; Rs.27,74,970/- 1. Rs.11,48,630/- Rs. 11,48,630/- M/S
Resources- To Develop Sustainability u Adnika,
(Rs. 16,26,340 2. --------- SYWAC
Infrastructure facilities for spent during
u Khojaka
providing electricity through 2016-17)
Solar Lighting Systems in Alwar u Chhajubaas,
District of Rajasthan. u Adwadiyaka baas
u Khalsanagar
2. Alwar District, Rajasthan
State Subheads
on project
2. Overheads
26. Environmental Sustainability Environmental 1. 3 nos. of villages; Rs.12,00,000/- 1. Rs.12,00,000/- Rs. 12,00,000/- M/S
- Promotion of Renewable Sustainability u Jathi, 2. --------- New
Sources of Energy –To develop Millennium
u Sayar
Infrastructure facilities for Information
providing electricity through u Newada Technology
installation of Solar Street Centre
2. Bhadohir District, Uttar Pradesh
Lights in most needy 3-4
villages in Bhadohi District of
Uttar Pradesh.
27. Renovation and providing Preventive 1. Bhura Village Rs.24,13,000/- 1. Rs 9,65,200/- Rs. 9,65,200/- M/S
Recharge well for proper Health Care/ 2. Shamli District, Uttar Pradesh (Rs. 14,47,800 2. --------- Geetawali
drainage facility to Pond No.1 Promote spent during Khadi
at Bhura village in District Swachh 2016-17) Gramodhyog
Shamli, Uttar Pradesh. Bharat Mission Vikas Samiti
178
28. Development of Pond No.2 Environmental 1. Bhura Village Rs.4,26,000/- 1. Rs 4,26,000/- Rs. 4,26,000/- M/S
of Bhura village in District Sustainability 2. Shamli District , Uttar Pradesh 2. --------- Geetawali
Shamli, Uttar Pradesh. Khadi
Gramodhyog
Vikas Samiti
Total 3,02,95,135
WAPCOS
WAPCOS
Annexure-E
CONSERVATION OF ENERGY, TECHNOLOGY

ABSORPTION, FOREIGN EXCHANGE EARNINGS
AND OUTGO
CONSERVATION OF ENERGY
WAPCOS, being a consultancy organization, has no significant consumption of energy in its operations.
However, wherever possible upgraded lights like LED bulbs have been used as also old equipments
have been replaced by energy saving equipments.
TECHNOLOGY ABSORPTION
1. The efforts made towards technology Following softwares have been purchased
absorption
a) ETAP – Power System Studies (module)
b) PLS-CADD – Transmission line design software
c) PLS-TOWER – Transmission Line Tower Design
d) PLS-POLE – Transmission and distribution pole
design
e) PV Syst – Software to study solar power generation
f) MS-Projects-2014 Professional – Project Monitoring
tool
g) STADD PRO – Structural analysis and design
computer program
2. The benefits derived like product The softwares are highly beneficial as they deliver high
improvement, cost reduction, quality of work within minimum time period. These are
product development, import being used in the following: -
substitution
a) ETAP
u Short circuit studies
u Load Flow studies
b) PLS-CADD
u Design and development of transmission line
route profile based on survey data
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WAPCOS
c) PLS-TOWER
u Advanced tool for optimized analysis and
design of transmission line towers
d) PLS-POLE
u Design and analysis of transmission and
distribution line poles
e) PV Syst
u Preliminary design of standalone grid and water
pumping system for solar PV based systems.
f) MS-Projects-2014 (Professional)
u Project monitoring, analysis of projects,
allocation of financial resources, HR
management
g) STADD PRO
u Structural analysis, model designing, accurate
and economical design, determination of
loading conditions.
3. In case of imported technology (imported during the last 3 years reckoned for the beginning of
the financial year)
a) The details of technology a) ETAP- Imported from USA
imported b) PLS-CADD – Imported from USA
c) PLS-TOWER – Imported from USA
d) PLS-POLE – Imported from USA
e) PV Syst – India
g) STADD PRO
b) The year of import a) ETAP- 2012 (upgraded as on date)
b) PLS-CADD – 2013 (upgraded as on date)
c) PLS-TOWER – 2013 (upgraded as on date)
d) PLS-POLE – 2015 (upgraded as on date)
e) PV Syst – 2013
g) STADD PRO – 2013/2014
c) Whether the technology been Yes
fully absorbed
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WAPCOS
d) If not absorbed, areas where NA

absorption has not taken place,
and the reasons thereof; and
4. The expenditure incurred on NIL
Research and Development
FOREIGN EXCHANGE EARNINGS AND OUTGO

The foreign exchange earnings and outgo during the year under review were as follows:-
Earnings Outgo
Rs. 158.02 crore Rs. 90.22 crore
Sd/-
(R. K. Gupta)
PLACE : GURUGRAM
DATE : 14.08.2018
181
WAPCOS
DINESH MEHTA & CO.

Chartered Accountants
21, Daya Nand Road, Darya Ganj, New Delhi- 110 002
Phone: + 91 11 23272623, + 91 11 23272168,
Fax: + 91 11 23286562
E-mail: anupmehta@dmc-ca.net
INDEPENDENT AUDITORS’ REPORT
To
The Members of WAPCOS Limited
Report on the Indian Accounting Standard (Ind AS) Financial Statements

1. We have audited the accompanying financial statements of WAPCOS Limited (“the
Company”), which comprise the Balance Sheet as at 31st March, 2018, and the
Statement of Profit and Loss (including Other Comprehensive Income), the Cash Flow
Statement and the Statement of Changes in Equity for the year then ended and a
summary of significant accounting policies and other explanatory information.
Management’s Responsibility for the Ind AS Financial Statements

2. The Company’s management is responsible for the matters stated in Section 134(5) of
the Companies Act, 2013 (“the Act”) with respect to the preparation of these Ind AS
financial statements that give a true and fair view of the financial position, financial
performance including other comprehensive income, cash flows and changes in the
equity of the Company in accordance with the Indian Accounting Standards (lnd AS)
as prescribed under section 133 of the Act read with Companies (Indian Accounting
Standards) Rules 2015, as amended, and other accounting principles generally
accepted in India. This responsibility also includes maintenance of adequate accounting
records in accordance with the provisions of the Act for safeguarding the assets of the
Company and for preventing and detecting frauds and other irregularities; selection
and application of appropriate accounting policies making judgments and estimates
that are reasonable and prudent; and design, implementation and maintenance of
adequate internal financial controls, that were operating effectively for ensuring the
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WAPCOS
accuracy and completeness of the accounting records, relevant to the preparation

and presentation of the Ind AS financial statements that give a true and fair view and
are free from material misstatement, whether due to fraud or error.
Auditors’ Responsibility
3. Our responsibility is to express an opinion on these Ind AS financial statements based
on our audit.
4. We have taken into account the provisions of Act and the Rules made thereunder
including the accounting and auditing standards and matters which are required to
be included in the audit report under the provision of the Act and the Rules made
thereunder.
5. We conducted our audit of the lnd AS financial statements in accordance with the
standards on Auditing specified under Section 143 (10) of the Act and other applicable
authoritative pronouncements issued by the Institute of Chartered Accountants of
India. Those Standards and pronouncements require that we comply with ethical
requirement and plan and perform the audit to obtain reasonable assurance about
whether the Ind AS financial statements are free from material misstatement.
6. An audit involves performing procedures to obtain audit evidence about the amounts
and the disclosures in the Ind AS financial statements. The procedures selected depend
on the auditor’s judgment, including assessment of the risk of material misstatement
of the Ind AS financial statements, whether due to fraud or error. In making those risk
assessments, the auditor considers internal financial control relevant to the Company’s
preparation of the Ind AS financial statements that give a true and fair view, in order
to design audit procedures that are appropriate in the circumstances. An audit also
includes evaluating the appropriateness of the accounting policies used and the
reasonableness of the accounting estimates made by the Company’s Directors, as
well as evaluating the overall presentation of the Ind AS financial statements.
7. We believe that the audit evidence we have obtained is sufficient and appropriate to
provide a basis for our audit opinion on the Ind AS financial statements.
Opinion
8. In our opinion and to the best of our information and according to the explanations
given to us, the aforesaid Ind AS financial statements give the information required
by the Act in the manner so required and give a true and fair view in conformity with
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WAPCOS
the accounting principles generally accepted in India, of the state of affairs of the
Company as at 31st March 2018, its profit,(including other comprehensive income),
the changes in equity and its cash flows for the year ended on that date.
9. Emphasis of Matter
We draw attention to Note 33 regarding Balances shown under Claims recoverable,
Trade Receivables, Advances to contractors, Trade Payable and Sundry deposits/
Earnest money from contractors which are subject to confirmation and respective
consequential adjustments.
Our opinion is not qualified in respect of this matter.
Other Matter
10. The financial information of the Company for the year ended March 31, 2017 and
the transition date opening balance sheet as at April 1, 2016 included in these Ind AS
financial statements, are based on the previously issued Statutory financial statements
for the year ended March 31, 2017 and March 31, 2016 prepared in accordance
with the Companies (Accounting Standards) Rules, 2006 (as amended) which were
audited by us, on which we expressed an unmodified opinion dated May 25, 2016
and July 25, 2017 respectively. The adjustments to those financial statements for
the difference in accounting principles adopted by the Company on transition to the
Ind AS have been audited by us.
Our opinion is not qualified in respect of this matter.
Report on Other Legal and Regulatory Requirements

11. As required by the Companies (Auditor’s’ Report) Order, 2016 (‘the order’) issued by
the Central Government of india in terms of sub-section (11) of section 143 of the Act
(hereinafter referred to as the “order”) , and on the basis of such checks of the books
and records of the Company as we considered appropriate and according to the
information and explanations given to us, we give in the “Annexure I” a statement on
the matters specified in the Paragraph 3 and 4 of the Order, to the extent applicable.
12. We enclose our report in terms of Section 143 (5) of the Act, on the basis of such
checks of the books and records of the Company as we considered appropriate and
according to the information and explanations given to us, in the “Annexure II” on
the directions and sub directions issued by the Comptroller and Auditor General
of India (C & AG).
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WAPCOS
13. As required by Section 143 (3) of the Act, we report that:

(a) We have sought and obtained all the information and explanations which to
the best of our knowledge and belief were necessary for the purpose of our
audit of the Ind AS financial statements;
(b) In our opinion proper books of account as required by law relating to
preparation of the aforesaid standalone Ind AS financial statements have been
kept by the Company so far it appears from our examination of those books ;
(c) The Balance Sheet, the Statement of profit and loss (including other
comprehensive income), Statement of Changes in Equity and the Cash flow
statement dealt with by this Report are in agreement with the books of account
maintained for the purpose of preparation of Ind AS financial statements;
(d) In our opinion, the aforesaid Ind AS financial statements comply with the
Indian Accounting Standards specified under section 133 of the Act, read with
Rule 7 of the Companies (Accounts) Rules, 2014;
(e) As per Notification No. GSR 463 (e) dated June 5th 2015, issued by Ministry
of Corporate Affairs, Government of India provisions of Section 164 (2) of the
Companies Act, 2013 are not applicable to the company.
(f) With respect to the adequacy of the internal financial controls over financial
reporting of the company and the operating effectiveness of such controls,
refer to our separate Report in “Annexure III”.
(g) With respect to the other matters to be included in the Auditor’s Report in
accordance with Rule 11 of the Companies (Audit and Auditors) Rules 2014
as amended, in our opinion and to the best of our knowledge and belief and
according to the information and according to the explanations given to us:
(i) The company has disclosed the impact, of pending litigations as at
31st March 2018 on its financial position in its Ind AS financial
statements. -Refer Note 51;
(ii) The Company does not have any material foreseeable losses on long
term contract including derivative contract; and
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WAPCOS
(iii) There are no amounts which were required to be transferred to the

Investor Education and Protection Fund by the Company during the
year ended March 31, 2018.
For Dinesh Mehta & Co.

Firm’s registration number: 000220N
Gurugram Sd/-
14th August, 2018 (Anup Mehta)
Partner
Membership Number: 093133
186
WAPCOS
Annexure-I to Independent Auditors’ Report
(Referred to in paragraph 11 under the heading of “Independent Auditors’ Report on other legal
and Regulatory Requirements” of our Report of even date)
The Annexure referred to in Independent Auditor’s Report to the members of the Company on
the financial statements for the year ended 31 March 2018, we report that:
(i) (a) The Company has maintained proper records showing full particulars, including
quantitative details and situation of fixed assets.
(b) The Company has a regular programme of physical verification of its fixed
assets by which fixed assets are verified in a phased manner. In accordance
with this programme, certain fixed assets were verified during the year and no
material discrepancies were noticed on such verification.
(c) According to the information and explanations given to us and on the basis of
our examination of the records of the Company, the title deeds of immovable
properties are held in the name of the Company.
(ii) The Company does not have any Inventory; in view of same, paragraph 3 (ii) of the
order is not applicable to the company.
(iii) As per information and explanation given to us, the Company has not granted any
loans, secured or unsecured to the companies, firms or other parties covered in the
register under section 189 of the Companies Act, 2013 (‘the Act’), therefore paragraph
3 (iii) (a), (iii) (b) and (iii) (‘c) of the order are not applicable to the company.
(iv) In our opinion and according to the information and explanations given to us, the
Company has complied with the provisions of section 185 and 186 of the Act, with
respect to the loans and investments, guarantees and securities.
(v) As per information and explanation given to us, the Company has not accepted
any deposits and accordingly directives issued by Reserve Bank of India and the
provisions of section 73 to 76 or any other relevant provision of Companies Act and
the rules framed thereunder would not apply and accordingly paragraph 3(v) of the
order is not applicable.
(vi) The Central Government has not prescribed the maintenance of cost records under
section 148(1) of the Act, for any of the services provided by the company and
accordingly paragraph 3(vi) of the order is not applicable.
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WAPCOS
(vii) a) According to the information and explanations given to us and on the basis of
our examination of the records of the Company, amounts deducted/ accrued
in the books of account in respect of undisputed statutory dues including
provident fund, income-tax, sales tax, value added tax, duty of customs,
service tax, Goods and Service Tax (GST), cess and other material statutory
dues have been regularly deposited during the year by the Company with the
appropriate authorities.
According to the information and explanations given to us, no undisputed
statutory dues payable in respect of provident fund, income tax, sales tax, duty
of customs, value added tax, service tax, Goods and Service Tax (GST), cess
and other material statutory dues were in arrears as at 31 March 2018 for a
period of more than six months from the date they became payable.
(b) According to the information and explanations given to us, there are no material
dues of provident fund, income tax, sales tax, service tax, duty of customs,
value added tax, cess which have not been deposited with the appropriate
authority on account of any disputes except the followings :-
Name of Nature Amount Period to Forum where

Statute of Dues (Rs in which the dispute is Pending
Lakhs) amount relates
Income Tax Income Tax 199.54 F.Y 2013-14 Commissioner
Act 1961 of Income Tax
(Appeal), Delhi
Income Tax Income Tax 33.77 FY 2014-15 Commissioner
Act 1961 of Income Tax
(Appeal), Delhi
Total 233.32
(viii) Based on our audit procedures and according to the information and explanation
given to us, the company has not taken any loan from financial institution or banks
nor has any outstanding liability towards debenture holder.
(ix) The Company did not raise any money by way of initial public offer or further public
offer (including debt instruments) and term loans during the year. Accordingly,
paragraph 3 (ix) of the order is not applicable to the Company.
(x) During the course of our examination of the books and records of the company
carried out, in accordance with the generally accepted auditing practices in India,
and according to the information and explanation given to us by management, we
have neither come across any instances of fraud on or by the company, on the
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WAPCOS
Company by its officers or employees, noticed or reported during the period nor have
we been informed any such case by the management.
(xi) According to the information and explanation given to us and based on our examination
of the records of the Company, the provisions of Section 197 read with Schedule V
to the Act are not applicable to the Company.
(xii) In our opinion and according to the information and explanations given to us, the
Company is not a nidhi company. Accordingly, paragraph 3(xii) of the order is not
applicable to the Company.
(xiii) The Company has entered into transactions with related parties in compliance with
the provisions of Sections 177 and 188 of the Act. ,The details of such related party
transactions have been disclosed in the Ind AS financial statements as required under
Indian Accounting Standard (Ind AS) 24, Related Party Disclosures specified under
Section 133 of the Act, read with Rule 7 of the Companies (Accounts) Rules, 2014,
to the state controlled entities.
(xiv) According to the information and explanations given to us and based on our
examination of the records of the Company, the Company has not made any
preferential allotment or private placement of shares or fully or partly convertible
debentures during the year. Accordingly, the paragraph 3 (xiv) of the order is not
applicable to the Company.
(xv) According to the information and explanations given to us and based on our
examination of the records of the Company, the Company has not entered into
non-cash transactions with directors or persons connected with him. Accordingly,
paragraph 3(xv) of the order is not applicable to the Company.
(xvi) The Company is not required to be registered under section 45-IA of the Reserve Bank
of India Act, 1934. Accordingly, paragraph 3(xvi) of the order is not applicable to the
Company.

Charteered Accountants
Firm’s registration number:000220N
Sd/-
(Anup Mehta)
Gurugram Partner
14th August, 2018 Membership Number: 093133
189
WAPCOS
Annexure-II to Independent Auditors’ Report
(Referred to in paragraph 12 under the heading of “Report on Other Legal and Regulatory
Requirements”, of our Report of even date)
SL. Directions Sub Directions U/s 143 (5) Observations

No. of the Companies ‘Act, 2013
A. Directions
1. Whether the Company has clear title / lease deeds The Company is having clear title / lease deeds for
for freehold and leasehold respectively? If not entire freehold.
please state the area of freehold and leasehold land
for which title / lease deeds are not available?
2. Whether there are any cases of waiver / write off Debtors amounting to Rs. 443.53 lakhs and
of debts/ loans/ interest etc., if yes, the reasons retention money amounting to Rs. 7.91 lakhs have
therefore & the amount involved. been written off during the FY 2017-2018. The
amount has been written off in respect of balance
outstanding for more than 10 years.
3. Whether proper records are maintained for Proper records are being maintained for inventories.
inventories lying with third parties & assets During the year there is no case of assets received
reserved as gift / grant(s) from the Government or as gift from Government or other authorities.
other authorities.
B. Sub Directions : NIL

Gurugram Sd/-
Partner
190
WAPCOS
Annexure- III to Independent Auditors’ Report
(Referred to in paragraph 13(f) under the heading of “Report on Other Legal and Regulatory
Requirements” of our Report of even date)
Report on the Internal Financial Controls under Clause (i) of Sub-section 3 of Section 143 of
the Companies Act, 2013 (“the Act’’)
1. We have audited the internal financial controls over financial reporting of WAPCOS
LIMITED (“the Company”) as of 31 March 2018 in conjunction with our audit of the
financial statements of the Company for the year ended on that date.
Management’s Responsibility for Internal Financial Controls

2. The Company’s management is responsible for establishing and maintaining internal
financial controls based on the internal control over financial reporting criteria
established by the Company considering the essential components of internal control
stated in the Guidance Note on Audit of Internal Financial Controls over Financial
Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These
responsibilities include the design, implementation and maintenance of adequate
internal financial controls that were operating effectively for ensuring the orderly
and efficient conduct of its business, including adherence to company’s policies,
the safeguarding of its assets, the prevention and detection of frauds and errors, the
accuracy and completeness of the accounting records, and the timely preparation of
reliable financial information, as required under the Companies Act, 2013.
Auditors’ Responsibility
3. Our responsibility is to express an opinion on the Company’s internal financial controls
over financial reporting based on our audit. We conducted our audit in accordance with
the Guidance Note on Audit of Internal Financial Controls over Financial Reporting
(the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed
to be prescribed under section 143(10) of the Companies Act, 2013, to the extent
applicable to an audit of internal financial controls, both applicable to an audit of
Internal Financial Controls and, both issued by the Institute of Chartered Accountants
of India. Those Standards and the Guidance Note require that we comply with ethical
requirements and plan and perform the audit to obtain reasonable assurance about
191
WAPCOS
whether adequate internal financial controls over financial reporting was established
and maintained and if such controls operated effectively in all material respects.
4. Our audit involves performing procedures to obtain audit evidence about the adequacy
of the internal financial controls system over financial reporting and their operating
effectiveness. Our audit of internal financial controls over financial reporting included
obtaining an understanding of internal financial controls over financial reporting,
assessing the risk that a material weakness exists, and testing and evaluating the
design and operating effectiveness of internal control based on the assessed risk. The
procedures selected depend on the auditor’s judgment, including the assessment of
the risks of material misstatement of the financial statements, whether due to fraud or
error.
5. We believe that the audit evidence we have obtained is sufficient and appropriate
to provide a basis for our audit opinion on the Company’s internal financial controls
system over financial reporting.
Meaning of Internal Financial Controls over Financial Reporting

6. A company’s internal financial control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial reporting and the
preparation of financial statements for external purposes in accordance with generally
accepted accounting principles. A company’s internal financial control over financial
reporting includes those policies and procedures that (i) pertain to the maintenance
of records that, in reasonable detail, accurately and fairly reflect the transactions
and dispositions of the assets of the company; (ii) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of financial statements
in accordance with generally accepted accounting principles, and that receipts and
expenditures of the company are being made only in accordance with authorizations
of management and directors of the company; and (iii) provide reasonable assurance
regarding prevention or timely detection of unauthorized acquisition, use, or
disposition of the company’s assets that could have a material effect on the Ind AS
financial statements.
Inherent Limitations of Internal Financial Controls over Financial Reporting

7. Because of the inherent limitations of internal financial controls over financial
reporting, including the possibility of collusion or improper management override of
controls, material misstatements due to error or fraud may occur and not be detected.
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WAPCOS
Also, projections of any evaluation of the internal financial controls over financial
reporting to future periods are subject to the risk that the internal financial control
over financial reporting may become inadequate because of changes in conditions,
or that the degree of compliance with the policies or procedures may deteriorate.
Opinion
8. In our opinion, the Company has, in all material respects, an adequate internal
financial controls system over financial reporting and such internal financial controls
over financial reporting were operating effectively as at 31 March 2018, based on
the internal control over financial reporting criteria established by the Company
considering the essential components of internal control stated in the Guidance Note
on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute
of Chartered Accountants of India.

Gurugram Sd/-
Partner
193
WAPCOS
COMMENTS OF THE COMPTROLLER AND AUDITOR GENERAL OF

INDIA UNDER SECTION 143(6) (B) OF THE COMPANIES ACT, 2013
ON THE FINANCIAL STATEMENTS OF WAPCOS LIMITED FOR THE
YEAR ENDED 31 MARCH 2018
The preparation of financial statements of WAPCOS Limited for the year ended 31 March
2018 in accordance with the financial reporting framework prescribed under the Companies
Act, 2013 (Act) is the responsibility of the management of the company. The statutory auditor/
auditors appointed by the Comptroller and Auditor General of India under section 139 (5) of the
Act is/are responsible for expressing opinion on the financial statements under section 143 of the
Act based on independent audit in accordance with the standards on auditing prescribed under
section 143(10) of the Act. This is stated to have been done by them vide their Audit Report
dated 14th August 2018.
I, on behalf of the Comptroller and Auditor General of India, have conducted a supplementary
audit of the financial statements of WAPCOS Limited for the year ended 31 March 2018 under
section 143(6)(a) of the Act. This supplementary audit has been carried out independently
without access to the working papers of the statutory auditors and is limited primarily to inquiries
of the statutory auditors and company personnel and a selective examination of some of the
accounting records.
On the basis of my supplementary audit nothing significant has come to my knowledge which
would give rise to any comment upon or supplement to statutory auditors’ report under section
143(6)(b) of the Act.
For and on behalf of the

Comptroller & Auditor General of India
Place : New Delhi

Date : 28.09.2018
Sd/-
(Manish Kumar)
Principal Director of Commercial Audit &
Ex-Officio Member, Audit Board-IV
194
WAPCOS
Statement of
Accounts
195
WAPCOS
196
WAPCOS
WAPCOS LIMITED
CIN NO. : U74899DL1969GOI005070
BALANCE SHEET AS AT 31st MARCH, 2018
(Rs. In Lakh)
Particulars Note As at As at As at
No. March 31, 2018 March 31, 2017 April 01, 2016
I. ASSETS
1. Non Current Assets
(a) Property, Plant And Equipment 2 1,863.19 1,736.43 1,615.22
(b) Capital Work-In-Progress - - -
(c) Investment Property - - -
(d) Goodwill - - -
(e) Other Intangible Assets 2 117.88 100.85 115.23
(f) Financial Assets
(i) Investment 3 29.98 27.37 24.60
(ii) Trade Recievables - - -
(iii) Loans - -
(iv) Other Financial Assets 4 1,261.40 5,257.51 10,658.47
(g) Deferred Tax Assets (Net) 5 6,139.28 5,138.94 4,498.34
(h) Other Non-current Assets 6 4,669.28 3,838.93 1,520.42
2. Current Assets
(a) Inventories - - -
(b) Financial Assets
(i) Investments - - -
(ii) Trade Recievables 7 77,411.64 55,323.11 41,333.41
(iii) Cash and Cash Equivalents 8 16,768.41 19,632.69 24,490.39
(iv) Other Bank Balances 9 24,881.00 18,770.93 19,614.79
(v) Loans - - -
(vi) Other Financial Assets 4 19,165.20 17,409.43 10,018.68
(c) Current Tax Assets(Net) - - -
(d) Other Current Assets 10 10,754.98 2,670.71 4,419.17

TOTAL ASSETS 163,062.24 129,906.90 118,308.72

II. EQUITY AND LIABILITIES
1. EQUITY
(a) Equity Share Capital 11 10,000.00 6,500.00 3,500.00
(b) Other Equity 12 39,775.35 36,857.44 33,337.04

LIABILITIES
(i) Borrowings - - -
(ii) Trade Payable 13 1,505.94 340.36 13,026.34
(iii) Other Financial Liabilities 17 242.78 215.28 100.14
(b) Provisions 14 4,838.20 3,989.93 3,405.67
(c) Deffered Tax Liabilities(Net) - - -
(d) Other Non-Current Liabilites 15 6,807.39 2,313.66 9,344.39
CURRENT LIABILITIES
(a) Financial Liabilities
(i) Borrowings - - -
(ii) Trade Payable 16 61,301.76 46,150.73 28,853.76
(iii) Other Financial Liabilities 17 4,909.91 5,046.44 5,438.41
(b) Provisions 14 1,096.71 1,919.64 913.23
(c) Current Tax Liabilities(Net) - - -
(d) Other Current Liabilities 15 32,584.20 26,573.42 20,389.74
TOTAL EQUITY & LIABILITIES 163,062.24 129,906.90 118,308.72
Significant Accounting Policies and Notes to Accounts forming an Note

integral part of financial statements 1-53
For and on behalf of the Board
Sd/- Sd/- Sd/- Sd/-

(K.K.Kandwal) (Dr. Santosh Kumar Singh) (Pankaj Kapoor) (R. K. Gupta)
Company Secretary (Director) Director (Finance) Chairman-cum-Managing Director
DIN 06999522 DIN 07290569 DIN 02765470
As per our Report of even date attached

FRN -000220N
Sd/-
(Anup Mehta)
Partner
M.No. 093133
Place : Gurugram
Dated : 14th August 2018
197
WAPCOS
WAPCOS LIMITED
CIN NO. : U74899DL1969GOI005070
Statement of Profit & Loss for the year ended 31 March, 2018
(Rs. In Lakh )
Particulars Note Figures as at the Figures as at the
No. end of Current reporting end of Previous reporting
period (31st March, 2018) period (31st March, 2017)
REVENUE
I Revenue from operations 18 114,129.21 92,135.96
II Other income 19 2,949.20 6,622.60
III Total Revenue (I+II) 117,078.41 98,758.56
IV EXPENDITURE
Construction Expenses 20 27,225.47 20,907.95
Employee Benefit Expenses 21 23,351.08 18,798.77
Finance Cost 22 - -
Services Obtained 23 33,737.24 24,654.13
Depreciation and Amortisation Expenses 24 519.67 440.22
Other Expenses 25 15,877.46 18,266.39

Total Expenditure (IV) 100,710.92 83,067.46
V Profit/ (loss) before Exceptional Items and Tax (III-IV) 16,367.49 15,691.10
VI Exceptional Items - -
VII Profit/ (loss) before tax (V-VI) 16,367.49 15,691.10
VIII TAX EXPENSE
(1) Current Tax 6,819.00 6,348.01
(2) Deffered Tax (1,029.12) (514.18)
IX Profit/ (Loss) for the period from Continuing Operations 10,577.61 9,857.27
X Profit/ (Loss) for the Discontinued Operations - -
XI Tax Expenses of Discontinued Operations -
XII Profit/ (Loss) for the Discontinued Operations after Tax (X-XI) -
XIII Profit/ (Loss) for the Period (IX-XII) 10,577.61 9,857.27
XIV OTHER COMPREHENSIVE INCOME
Items
Remeasurment of Defined Benefit Plans Gain/(Loss) - PRMS (311.96) (567.30)
Deferred tax impact 109.00 196.00
Remeasurment of Defined Benefit Plans Gain/(Loss) - Gratuity 391.71 199.25
Deferred tax impact (137.00) (69.00)
Gains/ Losses From Investment in Equity Instruments Designated at Fair Value through OCI 2.61 2.77
Deferred tax impact (0.91) (0.96)
Income Tax Relating to Items that will not be reclassified to Statement of Profit & Loss
XV Total Other Comprehensive Income of the Year (Net of Tax) 53.45 (239.24)
Total Comprehensive Income of the Year 10,631.06 9,618.03

XVI Earning per equity share: (Refer Note No.30)
Equity share of par value of Rs 100/- each
(1) Basic (In Rs Only) 105.78 98.57
(2) Diluted (In Rs Only) 105.78 98.57
Significant Accounting Policies and Notes referred to above forming an integral part of the Note 1 -53
Statement of Profit & Loss
Sd/- Sd/- Sd/- Sd/-

DIN 06999522 DIN 07290569 DIN 02765470

FRN -000220N
Sd/-
(Anup Mehta)
Partner
M.No. 093133
Place : Gurugram
198
WAPCOS
WAPCOS LIMITED
CIN NO. : U74899DL1969GOI005070
STATEMENTS OF CHANGES IN EQUITY AS AT 31st MARCH, 2018
(Rs. In Lakh)
A. Equity Share Capital
Particulars Balance as at Changes in equity Balance as at

1 April, 2017 share capital during the period 31st March, 2018
Equity Share Capital 6,500.00 3,500.00 10,000.00
Particulars Balance as at Changes in equity Balance as at

1 April, 2016 share capital during the period 31st March, 2017
Equity Share Capital 3,500.00 3,000.00 6,500.00
B. Other Equity
(Rs. In Lakh)
Reserves and surplus Other comprehensive income
Gains / (Losses)
Description Remeasurment from Investments in Total
General reserve Surplus of defined benefit Equity Instruments
plans designated head
FVOCI
Opening Balance as at 1 April, 2016 7,918.94 24,841.69 - - 32,760.63
Other Comprehensive Income - - - 20.92 20.92
Dividend paid including DDT Paid FY 15-16 3,053.36 3,053.36
Deferred Tax impact 1,582.83 1,582.83
Effects of changes in accounting policy (3,659.24) (3,659.25)
Effects of changes in prior period expenses (421.45) (421.45)
Restated Balance as on 1st April, 2016 7,918.94 25,397.19 - 20.92 33,337.04
Profit for the year - 9,857.30 9,857.30
Bonus Share issue (3,000.00) - (3,000.00)
Other Comprehensive Income - - (368.05) 2.78 (365.27)
Deferred Tax impact - 127.37 (0.96) 126.41
Dividend Paid including tax impact FY 15-16 Paid (3,053.36) (3,053.36)
Dividend including tax impact - 1.06 1.06
Transfer to General Reserve (1,050.32) (1,050.32)
Transfer from retained earnings 1,050.32 1,050.32
Effects of changes in accounting policy (45.74) (45.74)
Tax impact due to change in accounting policy
Balance as at 31 March, 2017 5,969.26 31,106.13 (240.68) 22.74 36,857.44
Profit for the year 10,577.61 10,577.61
Bonus Share issue (3,500.00) (3,500.00)
Other Comprehensive Income 79.75 2.61 82.36
Deferred Tax impact - (27.87) (0.91) (28.78)
Dividend paid including DDT Paid FY 16-17 - (4,213.28) (4,213.28)
Transfer to General Reserve - -
Transfer from retained earnings - -
Balance as at 31 March, 2018 2,469.26 37,470.46 (188.80) 24.44 39,775.35

Significant Accounting Policies and Notes to Accounts form an integral part of standalone Note 1-53
financial statements
Sd/- Sd/- Sd/- Sd/-

DIN 06999522 DIN 07290569 DIN 02765470

FRN -000220N
Sd/-
(Anup Mehta)
Partner
M.No. 093133
Place : Gurugram
199
WAPCOS
WAPCOS LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31st MARCH, 2018
PARTICULARS For the year ended For the year ended

31st March, 2018 31st March, 2017
A) CASH FLOW FROM OPERATING ACTIVITIES
NET PROFIT BEFORE TAX AS PER STATEMENT OF PROFIT AND LOSS 16,367.49 15,691.11

i) Adjustment for:
INTEREST INCOME RECOGNISED IN STATEMENT OF PROFIT/ (LOSS) (1,029.07) (1,210.33)
DIVIDEND INCOME (0.48) (0.32)
(PROFIT) LOSS ON ACCOUNT OF EXCHANGE VARIATION (174.01) 696.67
(PROFIT)/LOSS ON SALE OF FIXED ASSETS (NET) 7.20 0.45
PROVISION FOR TRADE RECEIVEABLE AND RETENTION MONEY 1,807.04 1,602.63
DEPRECIATION AND AMORTISATION 519.67 440.22
ADJUSTMENT OF CHANGE IN ACCOUNTING POLICIES (DUE TO IND AS) - 1,130.35 (45.74) 1,483.58
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES 17,497.84 17,174.69

ii) CHANGES IN ASSETS AND LIABILITIES
TRADE RECEIVEABLE (23,728.29) (15,508.70)
TRADE PAYABLE 16,316.61 4,610.98
OTHER CURRENT AND NON- CURRENT ASSETS (8,491.03) (46.36)
OTHER CURRENT AND NON CURRENT FINANCIAL ASSETS 2,073.05 (2,073.42)
OTHER CURRENT AND NON CURRENT LIABILITIES 10,504.50 (847.05)
OTHER CURRENT AND NON CURRENT FINANCIAL LIABILITIES (109.02) (276.84)
NON-CURRENT / CURRENT PROVISIONS 105.09 (3,329.09) 1,222.63 (12,918.76)
CASH GENERATED FROM OPERATING ACTIVITIES BEFORE TAXES 14,168.75 4,255.93
LESS: CORPORATE TAX PAID (7,242.60) (6,884.93)
LESS: CORPORATE TAX PAID / ADJUSTED FOR EARLIER YEARS - -
LESS: Dividend tax Prov ADJUSTED FOR EARLIER YEARS - (7,242.60) 14.32 (6,870.62)
NET CASH FLOW FROM OPERATING ACTIVITIES 6,926.16 (2,614.69)

B) CASH FLOW FROM INVESTING ACTIVITIES

DIVIDEND INCOME 0.48 0.32
SALE OF PROPERTY, PLANT & EQUIPMENT 3.43 2.16
DISPOSAL OF INTENGIBLE ASSETS - -
PURCHASE OF PROPERTY, PLANT & EQUIPMENT (588.83) (512.46)
PURCHASE OF INTENGIBLE ASSETS (85.25) (37.20)
DEPOSIT NOT CONSIDERED AS CASH & CASH EQUIVALENT (6,110.06) 843.86
INTEREST INCOME RECOGNISED IN STATEMENT OF PROFIT/ (LOSS) 1,029.07 (5,751.16) 1,210.33 1,507.01
NET CASH FLOW FROM INVESTING ACTIVITIES (5,751.16) 1,507.01

C) CASH FLOW FROM FINANCING ACTIVITIES
DIVIDEND PAYMENT (INCLUDING TAX) (4,213.28) (3,053.36)
NET CASH FLOW FROM FINANCING ACTIVITIES (4,213.28) (3,053.36)

EFFECT OF EXCHANGE DIFFERENCE ON TRANSLATION OF 174.01 (696.67)
FOREIGN CURRENCY CASH & CASH EQUIVALENTS

NET INCREASE / DECREASE IN CASH & BANK BALANCES (2,864.28) (4,857.70)

CASH & BANK BALANCES AT THE BEGINNING OF THE YEAR 19,632.69 24,490.39

CASH & BANK BALANCES AT THE CLOSING OF THE YEAR 16,768.41 19,632.69

NOTES
1. INDIRECT METHOD HAS BEEN FOLLOWED FOR PREPARING CASH FLOW AS PER IND AS-7
2. CASH & BANK BALANCES REPRESENTS:
A. Cash & Cash equivalents :
(A) BALANCE WITH BANKS IN CURRENT A/C’S 15,683.50 17,046.92
(B) REMITTANCE IN TRANSIT 242.11 539.38
(C) BANK DEPOSITS HAVING ORIGINAL MATURITY LESS THAN 3 MONTHS 832.61 2,041.57
(D) CASH ON HAND 10.00 4.47
(E) POSTAGE STAMPS 0.19 0.35
16,768.41 19,632.69

Sd/- Sd/- Sd/- Sd/-

DIN 06999522 DIN 07290569 DIN 02765470

FRN -000220N
Sd/-
(Anup Mehta)
Partner
M.No. 093133
Place : Gurugram
200
WAPCOS
COMPANY OVERVIEW & SIGNIFICANT

ACCOUNTING POLICIES
Company Overview
WAPCOS Limited (the Company) is a “MINI RATNA-1” Public Sector Enterprise under the
aegis of the Union Ministry of Water Resources, Ganga Rejuvenation & River Development,
Incorporated on June 26th, 1969 under the Companies Act, 1956; WAPCOS is a technology
driven consultancy and Engineering. Procurement and Construction Organization with strong
home country and global presence in the field of Water, Power and Infrastructure sectors.
Engineering Excellence, Exceptional Workforce and Customer Centric Approach has enabled
to deliver projects consistently to clients. WAPCOS has the requisite experience & expertise to
undertake Consultancy & EPC projects of any scale and complexity in the sectors of its operation.
WAPCOS portfolio of projects is both impressive and diverse in nature. The quality management
systems of WAPCOS comply with the Quality Assurance requirements of ISO - 9001:2008 for
Consultancy Services in Water Resources., Power and Infrastructure Development Projects
related to Residential, Office Buildings, Civil Works, Roads& Highways, Irrigation, Agriculture
and Water Projects, Electrical Power Projects for Generation, substation, Transmission etc.
The Company is incorporated under Companies Act 1956 and domiciled in India having
registered office at “Kailash, 5th Floor, 26 Kasturba Gandhi Marg, New Delhi – 110001 (India)
and Corporate office at 76-C, Sector -18, Gurugram, Haryana -122015 (India).
The reporting and functional currency of the Company is Indian Rupees (INR). Figures in
financial statements are presented in Rs Lakh, by rounding off upto two decimals except for per
share data and as otherwise stated.
The financial statements are approved for issued by the company’s Board of Directors on 14th
August’2018.
1. SIGNIFICANT ACCOUNTING POLICIES
1.1 GENERAL
(a) Statement of Compliance
The financial statements of the company have been prepared in accordance with
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WAPCOS
Indian Accounting Standards (Ind AS) notified by Ministry of Company Affairs (“the
MCA”) under Section 133 of the Companies Act, 2013 (the Act) read together with
Companies (Indian Accounting Standards) Rules, 2015, as amended by Companies
(Indian Accounting Standards) amendment Rules, 2016 and 2017.
Accounting Policies have been consistently applied except where a newly issued
Indian accounting standard is initially adopted or a revision to an existing accounting
standard requires a change in the accounting policy hitherto in use. These financial
Statements for the year ended 31st March 2018, are the first financial statements
which the company has prepared in accordance with all applicable Ind AS.
(b) Basis of Preparation of Financial Statements.

The financial statements of the Company are prepared based on principle of the
historical cost except for certain financial assets and liabilities and defined benefit
plans that are measured at fair value, and are drawn up to comply in accordance with
the Indian Accounting Standards (Ind AS) notified by Ministry of Corporate affairs
(“the MCA”) under section 133 of the Companies Act, 2013 (the Act) read with
Rule 4 of the Companies (Indian Accounting Standards) Rules 2015, as amended by
Companies (Indian Accounting Standards) amendment Rules, 2016 and 2017. The
Ind AS Accounting policies have been applied consistently to all years presented in
the financial statements.
The financial statements up to the year March 31, 2017 were prepared in accordance
with the accounting standards notified by Ministry of Corporate affairs (“the MCA”)
under Companies (Accounting Standard) Rules, 2006 (as amended ) and other relevant
provisions of the Act (previous GAAP).
The financial statements for the year ended March 31, 2018 are the first financial
statements with comparatives prepared under Ind AS. Reconciliation and explanations
of the effect of the transition from previous GAAP to Ind AS on the Company’s Total
Equity, Total Comprehensive Income and Statement of Cash Flows are provided in
Note 52. The transition was carried out from the accounting principles generally
accepted in India (Indian GAAP) which is considered as previous GAAP, as defined
in Ind AS 101.
The accounting policies are applied consistently to all periods presented in the
financial statements, including the preparation of the opening Ind AS Balance Sheet
as at April 1, 2016, being the date of transition to Ind AS.
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WAPCOS
All assets and liabilities have been classified as current or non-current as per Company’s
operating cycle and other criteria set out in Schedule – III to the Companies Act, 2013.
Based on nature of activities and the time between acquisition of assets for processing
and their realization in cash and cash equivalents, the company has ascertained its
operating cycle as 12 months for the purpose of current or non-current classification
of assets and liabilities.
1.2 Use of Estimates

In preparing the financial statements, the management has to make certain judgments,
estimates and assumptions. These estimates, judgments, and assumptions affect the
application of accounting policies and the reported amount of assets and liabilities,
disclosure of contingent assets and contingent liabilities as at the date of the financial
statements and the reported amount of revenues and expenses for the year.
The estimates and judgments used in the preparation of the financial statements are
continuously evaluated by the Company and are based on historical experience and
various other assumptions and factors (including expectations of future events) that
the Company believes to be reasonable under the existing circumstances. Although
the Company regularly assesses these estimates, actual results could differ from the
estimates. Appropriate changes in estimates are made as the Management becomes
aware of changes in circumstances surrounding the estimates. Changes in estimates
are reflected in the financial statements in the period in which changes are made and,
if material, their effects are disclosed in the notes to the financial statements.
1.3 Revenue Recognition
Revenue from Operations
1.3.1 The Company derives operating revenue primarily from Consultancy & Construction
Contracts.
1.3.2 Revenue is recognized, when the outcome of the transaction can be estimated
reliably and that it is probable that the economic benefits associated with the
transaction will flow to the Company and there is no uncertainty as to measurement
or collectability of consideration.
1.3.3 When outcome of the transaction cannot be estimated reliably, revenue is

recognized to the extent of cost incurred which is recoverable else cost incurred is
charged to the Statement of Profit & Loss.
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WAPCOS
1.3.4 When there is uncertainty as to measurement or ultimate collectability of consideration,

revenue recognition is postponed until such uncertainty is resolved.
1.3.5 Revenue is recognized net of Indirect Taxes.
1.3.6 Reimbursable expenses in terms of the contract are charged as “expenditure” and
recovery thereof is booked as “Revenue”.
1.3.7 Consultancy Fee
Revenue from the consultancy services is recognized on the basis of stage/ percentage
of completion of each transaction using appropriate method depending on the nature
of transaction as per contractual stipulations.
The methods used to measure the stage of completion at the end of the reporting
period may include physical progress, efforts, survey of work performed, proportion of
cost incurred to date to the total cost of the transaction, time spent, service performed
to date as a percentage of total services to be performed or any other method that
management may consider appropriate.
In the case of Cost Plus contracts, the revenue is recognized on the basis of amount
billable commensurate with the progress of work under the contract.
Revenue on contracts are recognized as the related services are performed and
revenue from the end of the last billing to the Balance Sheet date is recognized as
unbilled revenue in the balance sheet.
1.3.8 Construction Projects

Revenue and Costs associated with construction contracts /Trunkey projects /PMC are
recognized as revenue and expenses as:-
l In the case of a fixed price contract revenue is recognized when the outcome
of a construction contract can be estimated on fulfillment of all following
conditions :-
(a) total contract revenue can be measured reliably;
(b) it is probable that the economic benefits associated with the contract
will flow to the company;
(c) both the contract costs to complete the contract and stage of contract
completion at the end of the reporting period can be measured reliably
and
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(d) the contract costs attributable to the contract can be clearly identified
and measured reliably so that the actual contract costs incurred can be
compared with prior estimates.
l In case of a cost plus contract, revenue is recognized, when the outcome of a
construction contract can be estimated reliably on fulfillment of all following
conditions :-
(a) it is probable that the economic benefits associated with the contract
will flow to the entity; and
(b) the contract cost attributable to the contract, whether or not specifically
reimbursable, can be identified and measured reliably
a) Consultancy income / fees is recognized as revenue in accordance with
the terms of the contract, in cases where such fees is stipulated as a
separate item.
b) In other cases, Revenue and costs associated with the construction
projects are recognized as revenue and expenses based on stage of
completion of contract / project activities at the end of the reporting
period.
c) Stage of completion is determined by proportion to costs incurred to
date bear to the total estimated costs of the contract.
d) Any expected loss is recognized as a provision for foreseeable losses at
reporting date.
1.3.9 Contract revenue comprises of the initial amount of revenue agreed in the contract
and with variations in contract work and claims to the extent that it is probable that
they will result in revenue and are capable of being reliably measured.
Contract revenue is measured at the fair value of the consideration received or

receivable, which is equivalent to the transaction value.
Interest income is recognized using the effective interest method when it is probable
that the economic benefits associated with the transaction will flow to the entity and
amount can be measured reliably.
Dividend income is recognized when the right to receive payment is established and
it is probable that the economic benefits associated with the transaction will flow to
the entity and amount can be measured reliably.
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WAPCOS
1.4 Property, Plant and Equipment (PPE)
Free hold land is carried at historical cost. Property, Plant and Equipment are initially
recognized at cost i.e, cost of acquisition or construction inclusive of freight, erection
and commissioning charges, non-refundable duties and taxes, expenditure during
construction period, borrowing costs, in case of a qualifying asset, upto the date of
acquisition / installation, net of accumulated depreciation and impairment losses,
if any. Subsequent measurement is done at cost less accumulated depreciation and
impairment loss, if any. Cost includes expenditure that is directly attributable for
bringing the asset ready for its intended use by management.
Subsequent expenditures relating to property, plant and equipment are capitalized

only when it is probable that future economic benefits associated with these will
flow to the Company and the cost of the item can be measured reliably. Repairs and
maintenance costs are recognized in the Statement of Profit & Loss when incurred. An
item of property, plant and equipment and any significant part initially recognized, is
derecognized upon disposal or when no future economic benefits are expected from
its use or disposal. Any gain or loss arising on derecognition of the asset (Calculated
as the difference between the net disposal proceeds and the carrying amount of the
asset) is included in the statement of Profit and Loss when the asset is derecognized.
Assets to be disposed off are reported at the lower of the carrying value or the fair
value less cost to sell.
Depreciation on Property, Plant and Equipment is provided under Straight Line

Method (SLM) based on the useful life as prescribed in Schedule II to the Companies
Act, 2013 which matches the assessment of the Management. Deprication method,
useful lives and residual values are reviewed at the end of each financial year. The
useful lives of assets are as prescribed in Part C of schedule II of the Companies Act,
2013. In respect of additions to / deductions from assets during the year, deprication
is charged on pro rata basis.
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WAPCOS
The estimated useful lives of the various assets are as under:-
Asset Class Useful lives (Years)

Office Buildings with RCC Frame Structures 60
Furniture & Fixtures 10
Vehicles – Motor Cars 8
Vehicles – Motor Cycles, Scooters and other mopeds 10
Office Equipments 5
Electrical Works 10
Computers 3
Networking Server 6
Temporary Wooden Structure 3
Engineering and other Books 3
The Company has elected to measure all its Property, plant and equipment at their previous
GAAP carrying value as deemed cost at date of transition. (i.e As at 01, April, 2016)
1.5 Intangible Assets
An intangible asset is an identifiable non-monetary asset without physical substance

such as a technical knowhow, computer software. It is capitalized if the future
economic benefits attributable to the asset will probably flow to the company and the
cost of acquisition or generation of the asset can be reliably measured. It is amortized
from the point at which the asset is available for use.
Intangible assets acquired / developed are measured on recognition at cost less

accumulated amortization and impairment losses if any.
Gains or losses arising from derecognition of intangible assets are measured as the
difference between the net disposal proceeds and the carrying amount of the asset
and are recognized in the statement of profit and loss when the asset is de-recognized.
Intangible assets are amortized on straight line basis over estimated useful lives from
the date on which they become available for use.
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Amortization:
Computer software is amortized over a period of 3 years or over their license period, as
applicable.
The Company has elected to measure all its Intangible Assets at their previous GAAP carrying
value as deemed cost at date of transition.
1.6 Financial Instruments
Initial recognition
Company recognizes financial assets and financial liabilities when it becomes a party
to the contractual provisions of the instrument. All financial assets and liabilities are
recognized at fair value on initial recognition except for trade receivables / trade
payables which are initially measured at transaction date. Transaction costs that
are directly attributable to the acquisition or issue of financial assets and financial
liabilities that are not at fair value through profit and loss are added or deducted to /
from the fair value on initial recognition.
Subsequent measurement
(a) Financial assets are subsequently measured at amortized cost if these are held
with in a business model whose objective is to hold the asset in order to
collect cash flows and the contractual terms of the financial assets give rise on
specific dates to cash flows that are solely payments of principal and Interest
on the principal amount outstanding using the effective interest rate (EIR)
method. The EIR amortization is included in finance income in the Statement
of Profit and Loss. The losses arising from impairment are recognized in the
Statement of Profit and Loss.
(b) Financial assets at fair value through profit or loss
The financial assets are measured at fair value through profit and loss unless it
is classified at amortized cost.
(c) Financial Liabilities at fair value through profit or loss include financial liabilities
held for trading and financial liabilities designated upon initial recognition as
at fair value through fair value method.
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WAPCOS
All other financial liabilities are subsequently measured at amortized cost using
EIR method. Gains and losses are recognized in Statement of Profit and Loss
when the liabilities are de-recognized as well as through the EIR amortization
process.
The Company holds non-derivative financial instruments. The Non-derivative

financial instruments comprises of:
i. Financial assets, which include cash and cash equivalents, investments

in equity, trade receivables, retentions by Project Authorities, unbilled
revenues, employee and other advances (including Security deposits
given which are refundable to company).
ii. Financial liabilities, which include trade payables, retentions from
contractual payments (including security deposits taken which are
payable by company)
Subsequent to initial recognition, non-derivative instruments are
measured as follows:
(i) Cash & Cash Equivalents :
Cash comprises cash on hand and demand deposits with banks. Cash equivalents
includes short term deposits with an original maturity of three months or less from the
date of acquisition which are readily convertible into known amounts of cash and be
subject to an insignificant risk of change of value. Cash and cash equivalents consist
of balances with banks which are unrestricted for withdrawal and usage.
(ii) Investment in Equity
All equity investments in scope of Ind AS 109 are measured at fair value. Equity
instruments which are held for trading are classified as at fair value through profit
and loss (FVTPL). For all other equity instruments, the company decides to classify
the same either as at fair value through other comprehensive income (FVOCI) or fair
value through profit and loss (FVTPL).
(iii) Financial Assets at Amortized Cost.
Loans, Advances other than capital advances and Receivables are presented as current
financial assets, except for those maturing later than 12 months after the reporting
date which are presented as non-current financial assets. Loans and Receivables are
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WAPCOS
initially recognized at fair value and are subsequently measured at amortized cost
using effective interest method (EIR).
(iv) Financial Assets at fair value through profit or loss:
A, financial asset, which is not classified in any of the above categories, is subsequently
fair valued through profit and loss (FVTPL).
De-recognition of financial instruments
A financial asset is derecognized when:
l The rights to receive cash flows from the asset have expired, or
l The Company has transferred substantially all the risks and rewards of the
asset, or the company has neither transferred nor retained substantially all the
risk and rewards of the asset, but has transferred control of the asset.
A financial liability or a part of financial liability is derecognized from the Balance

Sheet when the obligation specified in the contract is discharged, cancelled or expired.
When an existing financial liability is replaced by another from the same lender on
substantially different terms, or the terms of an existing liability are substantially
modified, such an exchange or modification is treated as the derecognition of the
original liability and the recognition of a new liability. The difference in the respective
carrying amounts is recognized in the statement of profit or loss.
1.7 Impairment
a. Financial Assets :
(other than at fair value)
In accordance with Ind AS 109, the Company applies Expected Credit Loss (ECL)
model for measurement and recognition of impairment loss for financial assets.
ECL is the difference between all contractual cash flows that are due to the Company
in accordance with the contract and all the cash flows that the Company expects to
receive. When estimating the cash flows, the Company is required to consider:-
l All contractual terms of the financial assets (including prepayment and
extension) over the expected life of the assets.
l Cash flows from the sale of collateral held or other credit enhancements that
are integral to the contractual terms.
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Trade Receivables
As a practical expedient the Company has adopted “Simplified approach” using the provision
matrix method for recognition of expected loss on trade receivables. The provision matrix is
based on historical default rates observed over the expected life of the trade receivables and is
adjusted for forward – looking estimates. At every reporting date, the historical default rates are
updated and changes in the forward – looking estimates are analysed. Further receivables are
segmented for this analysis where the credit risk characteristics of the receivables are similar.
i) Non-financial assets:
(Tangible and Intangible Assets)
An asset is treated as impaired when carrying cost of an asset exceeds its recoverable
amount (i.e higher of the fair value less cost to sell and the value in use). Impairment
loss is charged to the Statement of Profit & Loss in the year in which an asset is
identified as impaired. The impairment loss recognized in prior accounting periods is
reversed if there has been a change in the estimate of recoverable amount and such
losses either no longer exits or has decreased. Reversal of impaired loss is recognized
in the statement of Profit & Loss to the extent of previously recognized or balanced
impairment loss.
Write Off
Financial Assets
(other than at fair value)
Such assets including Trade Receivables, Retention Money, and security deposit
outstanding for a period exceeding ten years are written off.
Non-Financial Assets
(Tangible and Intangible Assets)
Such assets including property, plant and equipment, intangible assets, inventory etc.
are written off when, in the opinion of the management, such assets have become
obsolete, damaged beyond repair, stolen and uneconomical to use.
1.8 Provisions, Contingent Liabilities and Contingent Assets
(i) Provisions are recognized only when :
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WAPCOS
a. The Company has a present obligation (legal or constructive) arising as

a result of a past event;
b. That will probably give rise to a future outflow of resources embodying
economic benefits will be required to settle the obligation; and
c. A reliable estimate can be made of the amount of the obligation.
Provision is determined by estimating the cash flows required to settle the obligation
and if the effect of the time value of money is material, the carrying amount of
the provisions is the present value of the cash outflows. The amount recognized as
a provision is the best estimate of the consideration required to settle the present
obligation at reporting date, taking into account the risks and uncertainties surrounding
the obligation.
(ii) Contingent Liabilities are not recognized but are disclosed in the notes in any
of the following cases:-
a. A present obligation arising from a past event, when it is not probable

that an outflow of resources will be required to settle the obligation; or
b. A reliable estimate of the present obligation cannot be made; or
c. A possible obligation, unless the probability of outflow of resources is
remote.
Contingent liability is net of estimated provisions considering possible outflow
on settlement
(iii) Contingent assets are not recognized but are disclosed when an inflow of an
economic benefit is a probable.
Contingent assets, contingent liability and provisions needed against contingent

liabilities are reviewed at each balance sheet date.
1.9 Employees Benefits
1.9.1 Defined Contribution Plan
A defined contribution plan is a post –employment benefit plan under which an entity
pays fixes contribution into separate funds and will have no legal or constructive
obligation to pay further amounts. The Company recognizes contribution payable to
such funds / schemes as an expense, when an employee renders the related services.
If the Contribution payable to the schemes for services received before the balance
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WAPCOS
sheet exceeds the contribution already paid, the deficit payable to the scheme is
recognized as a liability after deducting the contribution paid. If the contribution
already paid exceeds the contribution due for services received before the balance
sheet, then excess is recognized as an asset to the extent that the prepayment will
lead to, for example, a reduction in future payment or a cash refund.
Obligations of contributions to defined benefit plans are recognized as an employee

benefits expenses in the Statement of Profit & Loss in the period during which services
are rendered by employees.
The company has a defined contribution pension scheme which is administered

through a separate trust. The obligation of the company is to contribute to the trust to
the extent an amount not exceeding 30 % of basic pay and dearness allowance less
employer’s contribution towards provident fund, gratuity, post-retirement medical
scheme. The contributions to the fund for the year are recognized as an expense and
charged to the Statement of Profit & Loss.
The Company makes contribution to the recognized provident fund – “WAPCOS

EMPLOYEES CONTRIBUTORY PF TRUST” for its employees which is a defined
benefit plan to the extent that the Company has an obligation to make good the
shortfall, if any, between the returns from the investments of the trust and the notified
interest rate. The Company’s obligation in this regard is determined by an independent
actuary and provided for if the circumstances indicate that the trust may not be able
to generate adequate returns to cover the interest rates notified by the Government.
Company’s contribution to the Fund is charged to Statement of Profit and Loss.
1.9.2 Defined Benefit Plans
1.9.2.1 Gratuity
Company provides gratuity, a defined benefit plan covering eligible regular and
contract employees. The gratuity plan provides a lump sum payment to vested
employees of an amount based on the respective employee’s salary and the tenure of
employment with the company at retirement, death, in capacitation, or on completion
of the terms of employment.
The liabilities with regard to the Gratuity Plan are determined by actuarial valuation
at each reporting date using the “Projected Unit Credit Method”, performed by an
independent actuary, at the year end as follows:
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WAPCOS
(i) Company has set up a Gratuity Trust Fund which is being administered by
Life Insurance Corporation of India (LIC) who invests the contribution in the
schemes permitted by laws of India.
(ii) The Company recognizes the net obligation of a defined benefit plan in its
balance sheet as an asset or liability.
(iii) Gain or loss through re measurements of net defined benefit liability / (asset)
is recognized in Other Comprehensive Income (OCI).
(iv) The actual return of the portfolio of plan assets, in excess of the yields computed
by applying the discount rate used to measure the defined benefit obligation
is recognized in Other Comprehensive Income (OCI).
(v) Service Cost and net interest cost / (income) on the net defined benefit liability/
(asset) are recognized in Statement of Profit and Loss.
The effects of any plan amendments, if any, are recognized in the Statement
of Profit and Loss.
1.9.2.2 Compensated Absences

The company operates defined benefit plan for compensated absences. The cost of
providing such defined benefits is determined by actuarial valuation at each balance
sheet date using the “projected unit credit method”.
1.9.2.3 Post-Retirement Medical Scheme

Obligations on Post-Retirement Medical Benefits are determined by actuarial valuation
at each balance sheet date using the projected unit credit method. Actuarial gains/
losses are recognized in the Statement of Other Comprehensive Income.
1.9.2.4 Leave Travel Concession

Leave Travel Concession Benefits are accounted for on actuarial valuation made at
the end of the financial year.
1.9.2.5 Other short-term benefits are accounted in the period during which the services are
rendered and accordingly charged to Statement of Profit and Loss.
1.10 Leases
A Lease is an agreement whereby the lessor conveys to the lessee the right to use
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WAPCOS
an asset for an agreed period of time in return for a payment or series of payments.
A Lease is classified at the inception date as a finance lease or an operating lease.
Lease transactions that transfer substantially all the risk and rewards incidental to
ownership of the leased asset to the lessee are classified as finance leases. All other
lease agreement are classified as operating leases. Whether an agreement constitutes
a lease or contains a lease is determined upon inception of the lease.
As a Lessee:
In case of operating lease, the lease payments are recognized as expenditure in the
Statement of Profit and Loss on Straight line basis over the period of the lease unless
the payments are structured to increase in line with expected general inflation to
compensate for the lessor’s expected inflationary cost increases.
1.11 Foreign Currency Transactions
The financial statements are presented in Indian Rupee, which is the Company’s
functional and presentation currency. A Company’s functional currency is that of the
primary economic environment in which the Company operates.
Transcations in foreign currencies are initially recorded by the Company at functional

currency spot rates at the date transaction first qualifies for recognition. However,
for practical reasons, the company uses an available average rate when average
approximates the actual rate at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated at the
functional currency spot rates of exchange at the reporting date.
Exchanges differences arising on settlement or translation of monetary items are

recognized in the Statement of Profit or Loss.
Non-monetary assets and liabilities that are measured in terms of historical cost in
foreign currencies are not retranslated.
1.12 Income Taxes
1.12.1 Current Income Tax
Current Income Tax assets and liabilities are measured at the amount expected to
be recovered from or paid to the taxation authorities. The rates and tax laws used to
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WAPCOS
compute the amount are those that are enacted or substantively enacted in India at
the reporting date.
Management periodically evaluates positions taken in the tax assessments with

respect to situations in which applicable tax regulations are subject to interpretation
and establishes provisions where appropriate.
Current tax assets are offset against current tax liabilities, if and only if a legally
enforceable rights exists to set off the recognized amounts and there is an intention
either to settle on a net basis, or to realize the asset and settle the liability simultaneously.
Additional taxes, interest and / or penalties levied / imposed by the tax authorities /
Appellate authorities on finality are recognized in the Statement of Profit and Loss.
Current tax relating to items recognized outside profit or loss is recognized outside
profit or loss (either in other comprehensive income or in equity)
1.12.2 Deferred income taxes
Deferred tax is provided on temporary differences between the tax bases of assets
and liabilities and their carrying amounts for financial reporting purposes at the
reporting date.
Deferred tax assets are recognized for all deductible temporary differences, the carry
forward of unused tax credits and any unused tax losses. Deferred tax assets are
recognized to the extent that it is probable that taxable profit will be available against
which the deductible temporary differences, and the carry forward of unused tax
credits and unused tax losses can be utilized.
The carrying amount of deferred tax assets is reviewed at each reporting date and
reduced to the extent that it is no longer probable that sufficient taxable profit will be
available to allow all or part of the deferred tax asset to be utilized. Unrecognized
deferred tax assets are re-assessed at each reporting date and are recognized to the
extent that it has become probable that future taxable profits will allow the deferred
tax asset to be recovered.
Deferred tax assets and liabilities are measured at the rates that are expected to apply
in the year when the asset is realized or the liability is settled, based on tax rates (and
the laws) that have been enacted or substantively enacted at the reporting date.
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WAPCOS
Deferred tax relating to items recognized outside profit or loss is recognized outside
profit or loss is recognized (either in other comprehensive income or equity).
Deferred tax assets and deferred tax liabilities are offset if a legally enforceable right
exists to set off current tax assets against current tax liabilities and the deferred taxes
relate to the same taxable entity and the same taxation authority.
1.13 Rates and Taxes
Overseas taxes on foreign assignments, service tax, GST,value added tax, alike taxes,
professional tax, property taxes, entry tax, labour cess, Octroi, etc. paid / accrued in
India or abroad for which credit are not available to the company are charged to the
Statement of Profit or Loss.
1.14 Prepaid Expenses and Prior Period Adjustments
Prepaid Expenses and Prior Period Adjustments are treated as expenditure/income of

the year and accounted for to the natural head of accounts.
1.15 Liquidated Damages/ Claims
Liquidated damages / Claims are considered on admittance basis and are recognized
as expense/income in Statement of Profit or Loss on crystallization.
1.16 Corporate Social Responsibility Fund
Unspent balance, if any remaining against stipulated percentage of profits under the
statute, for Corporate Social Responsibility activities are appropriated to CSR Fund
Account for future utilization.
1.17 Dividends:
Final dividend on shares is recorded as a liability on the date of approval by the

shareholders and interim dividends are recorded as liability on the date of declaration
by the company’s Board of Directors.
1.18 Earnings per share
In determining basic earnings per share, net profit attributable to equity shareholders
is divided by weighted average number of equity shares outstanding during the period.
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WAPCOS
In determining diluted earnings per share, net profit attributable to equity shareholders
is divided by weighted average number of equity shares considered for deriving basis
earning per share and also weighted average number of equity shares that could have
been issued upon conversion of all dilutive potential equity shares. Dilutive potential
equity shares are deemed converting as of the beginning of the period, unless issued
at the later date. Dilutive potential equity share are determined independently for
each period presented.
The number of equity shares and potentially dilutive equity shares are adjusted
retrospectively for all periods presented for bonus shares issues including for
changes effected prior to the approval of the financial statements by the Board of
Directors.
1.19 Statement of Cash Flow
For the purpose of presentation in the Statement of Cash Flow, Cash and Cash
equivalents comprise cash on hand, balances with banks including demand deposits,
other short term highly liquid investments that are subject to an insignificant risk
of changes in value, are easily convertible into known amount of cash and have a
maturity of three months or less from the date of acquisition or investment. The cash
flow from operating, financing and investing activities is segregated.
1.20 Grant in Aid:
Grant in Aid received by the Company for carrying out specific schemes of the
Government are treated as fees from services rendered and expenditure incurred are
charged on natural heads of account. Balance grant unutilized if any, on completion
of the project is surrendered to Government unless otherwise stipulate.
1.21 Camp expenses inclusive of equipment / loose tools and tents etc. purchased to
discharge contractual obligations are charged to Statement of Profit and Loss.
218
WAPCOS LIMITED FY 2017-18
Note - 2.00 : PROPERTY PLANT & EQUIPMENT
WAPCOS
(` In Lakh)
Gross Carrying Amount Freehold Building Furniture Vehicle Office Electrical Computers Networking Temporary Books Total
Land & Fixture Equipment Works Servers Wooden
Structure
Deemed Cost as at 1st April, 2016 17.28 381.75 332.82 11.95 379.55 37.83 295.79 155.68 - - 1,612.65
Reclassification from Intangible Assets - - - - - - - - - 2.57 2.57
(books) Due to IND AS 38
Additions During 2016-17 - - 133.58 9.92 147.23 36.26 177.37 6.87 - - 511.23
Disposal / Assets written off: - - 6.10 2.91 11.34 - 20.04 - - - 40.39
Balance as at 31.03.2017 17.28 381.75 460.30 18.96 515.44 74.09 453.12 162.55 - 3.80 2,087.29
Additions During 2017-18 - - 155.39 - 214.05 - 214.80 3.58 - - 587.82
Disposal / Assets written off: - - 31.16 - 10.12 - 40.97 - - 82.25
219
Balance as at 31.03.2018 17.28 381.75 584.53 18.96 719.37 74.09 626.95 166.13 - 4.82 2,593.88
Accumulated Depriciation as at 2016 - - - - - - - - - - -
Charge for the year - 7.81 50.20 2.58 114.74 6.29 153.77 52.07 - - 387.46
Reclassification from Intangible Assets - - - - - - - - 1.19 1.19

(books) due to IND AS 38
Adjustments for Disposals - - 5.88 2.77 10.47 - 18.66 - - - 37.78
Balance as at 31.03.2017 - 7.81 44.32 (0.19) 104.27 6.29 135.11 52.07 - 1.19 350.87
Charge for the year - 7.80 60.33 2.61 139.94 7.84 178.41 52.96 - - 449.89
(books) due to IND AS 38
Adjustment for Disposals - - 23.64 - 9.12 - 38.86 - - - 71.62
Balance as at 31.03.2018 - 15.61 81.01 2.42 235.09 14.13 274.66 105.03 - 2.74 730.69
Net Book Value (Deemed Cost) 17.28 381.75 332.82 11.95 379.54 37.83 295.79 155.69 - 2.57 1,615.22
as at 01.04.2016 *
Net Book Value as at 31.03.2017 17.28 373.94 415.98 19.15 411.15 67.80 318.04 110.48 - 2.61 1,736.43
Net Book Value as at 31.03.2018 17.28 366.14 503.52 16.54 484.28 59.96 352.29 61.10 - 2.08 1,863.19
* : On Tranasition Date, as per para D7AA of IND AS 101, the company has eleced to continue with carrying value of its property, plant, equipment as
deemed cost. Hence net carrying value under previous GAAP as on 31st March, 2016 is recognised as deemed cost as on 01st April, 2016
WAPCOS
Other Intangible Assets Computer Intelectual

Software Property
(Engg Books)
Gross Carrying Amount
Deemed Cost As 01.04.2016 115.23 2.57

Reclassification to Property, Plant & Equipment due to IND AS 38 (2.57)
Additions 37.20 1.23
Reclassification to Property, Plant & Equipment due to IND AS 38 - (1.23)
Disposal / Assets written off - -
Balance as at 31.03.2017 152.43 -

Additions 85.26 1.01
Balance as at 31.03.2018 237.69 -

Accumulated Amortiisation
Reclassification to Property, Plant & Equipment due to IND AS 38 -
Amortisation charge for the year 51.58 1.19
Adjustment for Disposal - -
Balance as at 31.03.2017 51.58 -

Amortisation charge for the year 68.23 1.55
Adjustment for Disposal - -
Balance as at 31.03.2018 119.81 -

Net Book Value (deemed cost) as at 01.04.2016 * 115.23 -
Net Book Value as at 31.03.2017 100.85 -
Net Book Value as at 31.03.2018 117.88 -
* On transition date, as per Para DTAA of IND AS 101, the company has elected to continue with carrying
value of all of it's other intangible assets as deemed cost. Hence Net carrying value under previous GAAP as
on 31.03.2016 is recognised as on 01.04.2016.
220
Note - 3
Non-Current Investments
WAPCOS
(` In Lakh)
As at As at As at
March 31, 2018 March 31, 2017 April 01, 2016
Particulars
No. of Amount No. of Amount No. of Amount

Units Units Units
Equity Investment
Investment in company (unquoted) Equity Shares
carried at Fair Value through Other Comprehencive income
(OCI)
-Global Procurment Consultant Limited 0.32 29.98 0.32 27.37 0.32 24.60
32,279 unquoted Equity Shares. 30,000 Equity @ Rs 10/-
each fully paid up , 2279 shares @ Rs 10 each, premium of
Rs 45,580/-@ Rs 20 per shares. (Extent of holding 3.23%)
221
Total 0.32 29.98 0.32 27.37 0.32 24.60
WAPCOS
Note - 4
A. Other Financial Assets - Non-Current
(` In Lakh)
Particulars As at As at As at
Unsecured, Consider Good
Security Deposits/ EMD 249.67 446.55 264.96
Retention Money 372.97 292.93 7,124.98
Bank deposits with maturity more than 12 months # 609.58 4,171.83 3,077.42
Interest Accrued on Bank Deposits with maturity 29.18 346.20 191.11
more than 12 months

Total 1,261.40 5,257.51 10,658.47
# The above include bank deposits Rs 388.98 Lakh (previous year as on 31st March, 2017 NIL and previous year 1st April, 2016
Rs 307.74 Lakh) held as margin money/ security against bank gurantees.
B. Other Financial Assets - Current

(` In Lakh)
Unsecured, Considered Good, unless otherwise stated
Advances to Staff 206.93 216.62 251.25
Security Deposits / EMD 2,247.02 1,956.42 1,717.88
Interest Accrued on Deposits 556.77 142.64 132.33
Retention Money 15,176.24 15,093.75 7,917.22
Unsecured, considered doubtful
Retention Money 842.93 683.56 515.82
Less : Allowance made during the year* (842.93) (683.56) (515.82)

Unbilled Revenue 978.24 - -

Total 19,165.20 17,409.43 10,018.68
* In the opinion of the Management, the Allowance held against Doubtful Retention Money is adequate to meet any loss on
account of irrecoverability of retention money.
* Refer note No : 49
Advances due from Directors- Nil (Nil)
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WAPCOS
Note - 5
C. Deferred Tax Assets (Net)
(` In Lakh)
As at As at As at
Particulars

Deferred tax assets arising on

Employee Benefits
Provision for Leave Encashment 835.61 802.70 797.15
Provision for Post Retirement Medical benefit 605.54 435.35 199.49
Provision for Gratuity 411.84 238.47 263.57
Provision for Bonus 64.45 58.23 74.08
Provision for Performance Related Pay 395.09 312.10 310.72
Provision for Leave Travel Concession 19.12 26.41 34.62
Provision for Leave Equalization Reserve 45.54 37.81 24.33
Allowance for Expected Credit Loss 3,836.22 3,361.10 2,948.50
Deferred Tax Liabilities arising on

Depreciation and amortization of Property, Plant and
Equipments and Intangible assets (63.65) (123.76) (145.61)
Provision for Valuation gain on Investment (10.48) (9.47) (8.51)
- - -
6,139.28 5,138.94 4,498.34
Refer Note No : 50
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WAPCOS
Note - 6
Other Non-current assets
(` In Lakh)
Advance Income Tax and TDS {net of provision of 2,359.56 1,935.96 1,412.29
taxation amounting Rs 30076.20 Lakh (previous year
31st March, 2017 amounting Rs 23257.20 Lakh and
previous year 1st April, 2016 amounting Rs 16909.19
Lakh)}
Prepaid Expenses 169.39 129.60 45.60
Advances to suppliers & sub contractors :
Secured, Considered Good 1,888.69 1,432.48 -

Unsecured, Considered Good 251.64 340.89 62.53

Total 4,669.28 3,838.93 1,520.42
Note - 7
Trade Receivables*
(` In Lakh)
Unsecured, considered good 77,411.64 55,323.11 41,333.41
Unsecured, considered doubtful 10,135.25 9,028.37 8,003.89
87,546.89 64,351 49,337
Less: Allowance for expected crerdit loss# 10,135.25 9,028.37 8,003.89
Total 77,411.64 55,323.11 41,333.41
* Trade Receivable includes deffered debt Rs.22989.96 Lakh (Previous year as at 31st March, 2017 Rs.17605.15 Lakh and as
at 1st April, 2016 Rs NIL.
In the opinion of the Management, the Allowance against Doubtful Trade Receivables is adequate to meet any loss on
account of irrecoverability of Trade Receivables.
# Refer note 49
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WAPCOS
Note - 8
Cash and Cash Equivalent
(` In Lakh)
(a) Balance with banks in current A/C’s 15,683.50 17,046.92 13,282.33
(b) Remittance in transit 242.11 539.38 249.63
(c) Bank deposits having original maturity less than 832.61 2,041.57 10,954.60
3 months
(d) Cash on Hand 10.00 4.47 3.77
(e) Postage stamps 0.19 0.35 0.06
Total 16,768.41 19,632.69 24,490.39
Note - 9
Other Bank Balances
(` In Lakh)
Balance with bank in deposit account having maturity
of more than three months but are due for maturity
within twelve months from balance sheet date# 24,881.00 18,770.93 19,614.79

Total 24,881.00 18,770.93 19,614.79
# The above include bank deposits Rs 3935.51 lakh (previous year as on 31st March, 2017 Rs 3583.22 Lakh and previous
year 1st April, 2016 Rs 7010.30 Lakh) held as margin money/security against bank gurantees having maturity of less than
12 months from reporting date.
225
WAPCOS
Note - 10
Other Current Assets
(` In Lakh)
Secured, considered Good
Advances to Suppliers & Sub-Contractors 2,103.09 558.94 1,951.82

Unsecured, Considered Good
Advances to Suppliers & Sub-Contractors 669.93 469.78 1,160.25

Advance Rent 71.10 55.20 22.40

Prepaid Expenses 287.39 165.80 117.36
Balance with Government authorities 7,623.47 1,420.99 1,167.34

Total 10,754.98 2,670.71 4,419.17
226
Note - 11
Share Capital
WAPCOS
Equity Share Capital

(` In Lakh)
As at March 31, 2018 As at March 31, 2017 As at April 01, 2016

Particulars
Number Amount Number Amount Number Amount
Authorised
Equity Shares of Rs. 100/- each at par Value 10,000,000 10,000 10,000,000 10,000 3,500,000 3,500

Issued, Subscribed & Paid up

Equity Shares of Rs. 100/- each at par Value 10,000,000 10,000 6,500,000 6,500 3,500,000 3,500
Total 10,000,000 10,000 6,500,000 6,500 3,500,000 3,500

Of the above 1,00,00,000 (previous year 31st March, 2017: 65,00,000 and, 1st April, 2016 35,00,000), 35,00,000 equity shares, fully paid up, have been
issued as Bonus shares by capitalising General Reserves in the ratio of 35:65 (Previous Year 31st March, 2017 30:35 and 1st April, 2016 10:25) i.e. thirty five
227
equity shares of Rs. 100/- each for every sixty five equity shares of Rs. 100 each held by shareholders and that such new equity shares shall rank paripasu with
the existing shares.
Reconciliation of shares outstanding as at March 31st, 2018 , March 31st, 2017 and April 01, 2016
(` In Lakh)
Particulars As at 31st March, 2018 As at 31st March, 2017 As at April 01, 2016
Number Amount Number Amount Number Amount

Shares outstanding at the beginning of the year 6,500,000 6,500 3,500,000 3,500 2,500,000 2,500
Add: Shares Issued during the year - Bonus Issue 3,500,000 3,500 3,000,000 3,000 1,000,000 1,000
Shares outstanding at the end of the year 10,000,000 10,000 6,500,000 6,500 3,500,000 3,500
Terms/ Rights attached to equit shares

The Company has only one class of shares referred to as Equity Shares having a par value of ` 100 each. Each holder of equity share is entitled to one vote per
share.
List of shareholders holding more than 5 % shares in the Company:
Name of Shareholder As at 31st March, 2018 As at 31st March, 2017 As at 31st March, 2016
Number % of Holding Number % of Holding Number % of Holding

Equity share of Rs. 100 each fully paid-up
President of India 9,999,400 99.99% 6,499,610 99.99% 3,499,790 99.99%
Aggregate no. of Equity Shares allotted as fully paid up by way of bonus shares in the last five years preceeding the date of Balance Sheet.
As at As at As at
Particulars March 31, 2018 March 31, 2017 April 01, 2016
No. of Shares No. of Shares No. of Shares

Equity Shares allotted as fully paid bonus shares by capitalising General Reserve 9,800,000 6,300,000 3,300,000
Total 9,800,000 6,300,000 3,300,000
228
WAPCOS
WAPCOS
Note - 12
Other Equity
Nature and Purposes of Reserves & Surplus
1. General Reserves:
General reserves represents the reserves, this is in accordance with Corporate Law
wherein a portion of profit is apportioned to General Reserves. Under Companies
Act, 1956 it was mandatory to transfer the amount before a company can declare
dividend, however under Companies Act, 2013 transfer of any amount to General
Reserves is at the discrition of the company.
2. Surplus:
Profits made by the company during the year are transferred to surplus from Statement
of Profit and Loss Account.
3. Other Comprehensive Income:
Other Comprehensive Income represents balance arising on account of Gain/ (Loss)

booked on Re-measurment of Defined Benefit Plans in accordance with Ind AS 19
“Employee Benefits” and Gain/ (Loss) booked from Investment in unquoted equity
instruments designated at fair value through other comprehensive income (FVTOCI)
in accordance with Ind AS 109 “Financial Instruments”.
(` In Lakh)
Reserve & Surplus
General Reserve 2,469.26 5,969.26 7,918.94

Surplus 37,470.46 31,106.12 25,397.18
Other Comprehensive Income (164.37) (217.94) 20.92
Total 39,775.35 36,857.44 33,337.04
229
WAPCOS
Note - 13
Non- Current Trade Payables
(` In Lakh)
As at As at As at
Particulars
- Total outstanding dues of Micro, Small & Medium
Enterprises - - -
- Total outstanding dues of creditors other than
Micro, Small & Medium Enterprises 1,505.94 340.36 13,026.34
Total 1,505.94 340.36 13,026.34
Note - 14
Provisions
Provisions - Non-Current
(` In Lakh)
As at As at As at
Particulars
Provision for Employees Benefits

Leave Encashment- Non-funded (Refer Note No. 27) 2,160.67 2,152.01 2,076.21
Post Retirement Medical Scheme - Non-funded
(Refer Note No 27) 2,250.20 1,794.02 1,104.93
Gratuity-Funded (Refer Note No 27) 427.33 43.90 224.53
Total 4,838.20 3,989.93 3,405.67
For movements in each class of provisions during Financial Year (Refer Note 29)
230
WAPCOS
Provisions Current
(` In Lakh)
As at As at As at
Particulars

Provision for Employee Benefits

Post Retirement Medical Scheme - Non-funded
(Refer Note No 27) 60.15 41.40 48.97
Pension - 989.38 -
Leave Travel concession 54.71 76.30 100.03
Leave Encashment- Non-funded(Refer Note No. 27) 230.62 167.41 227.17
Gratuity-Funded (Refer Note No 27) 751.23 645.15 537.06
Total 1,096.71 1,919.64 913.23
* Provision for income tax has been shown net of TDS and advance tax. (Refer Note No 6)
For movements in each class of provisions during Financial Year (Refer Note 29)
Note - 15
Other Liabilities
Other Non-Current Liabilities
(` In Lakh)
As at As at As at
Particulars

Advances from Clients* 6,679.88 2,208.17 9,277.16
Other Liabilities 127.51 105.49 67.23
Total 6,807.39 2,313.66 9,344.39
*Disclosure in parsuant to Para 42 of Indian Accounting Standard (Ind AS)-11 “Construction Contracts”. (Refer No. No. 26)
231
WAPCOS
Other Current Liabilities

(` In Lakh)
As at As at As at
Particulars
Advances from Clients* 23,782.83 24,098.17 18,955.91
Statutory Dues 7,868.26 1,846.70 1,199.07
Other Liabilities 933.11 628.55 234.76
Total 32,584.20 26,573.42 20,389.74
*Disclosure in parsuant to Para 42 of Indian Accounting Standard (Ind AS)-11 “Construction Contracts”. (Refer No. No. 26)
Note - 16
Trade Payables
(` In Lakh)
As at As at As at
Particulars
- Total outstanding dues of Micro, Small & Medium
Enterprises* 10,859.55 3,732.13 -
- Total outstanding dues of creditors other than
Micro, Small & Medium Enterprises 50,442.21 42,418.60 28,853.76
Total 61,301.76 46,150.73 28,853.76
*Refer Note 32
Note - 17
Other Financial Liabilities
Other Non-Current Financial Liabilities
(` In Lakh)
As at As at As at
Particulars

Others- Payable to Employees 242.78 215.28 100.14
Total 242.78 215.28 100.14
232
WAPCOS
Other Current Financial Liabilities

(` In Lakh)
Performance related pay/ Bonus 1,315.21 1,070.09 1,111.89
Pension (Voluntary) 0.60 - -
Earnest Money and Security Deposits 331.85 1,668.05 2,355.85
Payable to Employees 2,853.96 2,186.32 1,868.21
Other Payables 408.29 121.98 102.46
Total 4,909.91 5,046.44 5,438.41
Note - 18
Revenue from operations
(` In Lakh)
Particulars As at As at
March 31, 2018 March 31, 2017
Consultancy Income 33,597.86 30,959.45
Construction Contracts 80,531.35 61,176.51

Total 114,129.21 92,135.96
Note - 19
Other Income
(` In Lakh)
March 31, 2018 March 31, 2017
Interest Income 1,072.01 1,210.33
Dividend Income 0.48 0.32
Exchange Variation 583.24 1,214.97
Bad Debts Realized 89.35 112.84
Other non-operating income 150.89 123.37
Provisions Written Back 1,053.23 3,960.77
Total 2,949.20 6,622.60
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Note - 20
Construction Expenses
(` In Lakh)
March 31, 2018 March 31, 2017
For Construction Projects 27,081.56 20,885.03
For Consultancy 143.91 22.92
Total 27,225.47 20,907.95
Note - 21
Employee Benefit Expenses
(` In Lakh)
March 31, 2018 March 31, 2017
Salaries, Remuneration and Incentives 20,884.43 18,033.82
Contributions to Provident & Other Funds 1,829.36 492.38
Staff Welfare Expenses 637.29 272.57
Total 23,351.08 18,798.77
Note - 22
Finance Cost
(` In Lakh)
March 31, 2018 March 31, 2017
Finance Cost - -
Total - -
Note - 23
Services Obtained
(` In Lakh)
March 31, 2018 March 31, 2017
For Consultancy Projects 12,045.39 12,411.08
For Construction Projects 21,691.85 12,243.05
Total 33,737.24 24,654.13
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WAPCOS
Note - 24
Depreciation and Amortization Expenses
(` In Lakh)
March 31, 2018 March 31, 2017
Depreciation and Amortization Expenses 519.67 440.22
Total 519.67 440.22
Note - 25
Other Expenses
(` In Lakh)
March 31, 2018 March 31, 2017
Power and Fuel 257.34 224.47
Rent* 1,711.25 1,483.76
Repairs to buildings 539.29 363.43
Repairs & Maintainance- Others 166.03 82.05
Insurance 96.17 110.76
Rates and taxes 265.08 1,901.54
Printing and Stationery 1,861.51 1,860.76
Travelling Expenses - India 1,072.76 1,031.03
- Overseas 792.42 1,133.44
Expenditure on Vehicle & Conveyance 483.02 874.49
Hiring of Vehicle 1,955.20 1,434.73
Directors’ Sitting Fees 4.33 2.05
Exchange Variation 537.61 1,842.63
Payment to Auditors -
(a) Statutory Audit Fees 7.50 5.50
(b) Tax Audit Fee 3.75 2.75
(c) For Other Services 4.46 3.52
Provision for Trade Receiveables and Retention Money 1,807.04 1,602.63
Bank Charges and Gurantee Commission 335.09 318.02
Miscellaneous expenses** 3,667.47 3,670.89
Corporate Social Responsibilty (CSR) 302.95 317.49
Loss on Sale of Fixed Assets 7.19 0.45
Total 15,877.46 18,266.39
* Refer to Note no.39 regarding lease payment.
** Misc. Expenses includes Expenditure of Rs 0.78 Lakh (Previous year March 31, 2017 Rs 0.63 Lakh) incurred on software
during the year.
235
WAPCOS
NOTES TO FINANCIAL STATEMENTS FOR THE

FINANCIAL YEAR ENDED 31ST MARCH, 2018
26 DISCLOSURES AS PER INDIAN ACCOUNTING STANDARDS (IND AS):

Disclosures in pursuant to Para 42 of Indian Accounting Standard (Ind AS-11)
Construction Contracts.
(` In Lakh)
S. PARTICULARS YEAR ENDED

No.
31.03.2018 31.03.2017
1. Contract revenue recognized during the year 80,531.35 61,176.51
2. Aggregate amount of Cost incurred to date 66,927.18 49,675.40
3. Aggregate amount of Profit recognized to date 13,604.17 11,501.11
4. Amount of Advances Received 26,965.31 22,488.60
5. Gross amount Due from Customers for Work Done (Unbilled Revenue) 271.42 -
6. Retention amount by Customer for Contracts in progress as at the end 601.48 410.69
of Financial Year
7. Gross amount due to Customers NIL NIL
27 Employee benefits
Defined Contribution Plan:
The amount recognized as an expense in defined contribution plan is as under:-

(` In Lakh)
Particulars 31st March 2018 31st March 2017
Contributory Provident Fund 1,015.04 800.29
All eligible employees of the company are entitled to receive benefits under the Provident Fund, a
defined contributory plan, set up through a Trust named as “WAPCOS Employees Contributory
Provident Fund Trust”. Both employee and employer contribute monthly at a determined rate
as specified under the law to the Trust. The obligation of the company is limited to such
contribution and to make good the shortfall, if any, between the returns from the investments
236
WAPCOS
of the trust and the notified interest rate. Short fall, if any, is recognized as an expense during
the year. As per actuarial valuation, present value of the expected future earnings on the fund
is higher than the expected amount to be contributed to the individual members based on the
expected guaranteed rate of interest, resulting in no liability on the company. In terms of said
valuation the Company has no liability towards interest rate guarantee as on 31 March 2018, 31
March 2017 and 1 April 2016.
Defined Benefit Plans
Company is having the following Defined Benefit Plans:

l Gratuity (Funded)
l PRMS (Unfunded)
l Leave Encashment (Unfunded)
l Leave Travel Concession (unfunded)
Risks associated with the Plan provisions are actuarial risks. These risks are:
(i) Investment risk, (ii) interest risk (discount rate risk), (iii) mortality risk and (iv) Salary
Risk.
Investment Risk The present value of the defined benefit plan liability is calculated
using a discount rate determined by reference to Government
Bonds Yield. If plan liability is funded and return on plan assets
is below this rate, it will create a plan deficit.
Interest risk (discount rate) A decrease in the bond interest rate (discount rate) will increase
the plan liability.
Mortality Risk The present value of the defined benefit plan liability is
calculated by reference to the best estimate of the mortality of
plan participants. For this report we have used Indian Assured
Lives Mortality (2006-08) ultimate table A change in mortality
rate will have a bearing on the plan’s liability.
Salary Risk The present value of the defined benefit plan liability is calculated
with the assumption of salary increase rate of plan participants in
future. Deviation in the rate of increase of salary in future for plan
participants from the rate of increase in salary used to determine
the present value of obligation will have a bearing on the plan’s
liability.
237
WAPCOS
Medical expense inflation The present value of the defined benefit plan liability is calculated
risk with the assumption of medical expense inflation increase rate of
plan participants in future. Deviation in the rate of increase of
medical expense inflation in future for plan participants from the
rate of increase in medical expense used to determine the present
value of obligation will have a bearing on the plan’s liability.
Cash allowance inflation The present value of the defined benefit plan liability is calculated
risk with the assumption of cash allowance inflation increase rate of
plan participants in future. Deviation in the rate of increase of
cash allowance in future for plan participants from the rate of
increase in cash allowance used to determine the present value
of obligation will have a bearing on the plan’s liability.
Disclosures Related to Funded/ Unfunded obligations
a) The amounts recognized in the balance sheet

(` In Lakh)
Particulars Gratuity (Funded) PRMS Leave Encashment (unfunded)
31st March 31st March 1 April 31st March 31st March 1 April 31st March 31st March 1 April
2018 2017 2016 2018 2017 2016 2018 2017 2016
Present 3,347.33 2,534.48 2,495.49 2,310.35 1,835.42 1,153.90 2,391.30 2,319.41 2,303.38
value of
obligations
as at the
end of
year
Fair value 2,168.77 1,845.42 1,733.90 - - - - - -

of plan
assets as at
the end of
the year
Funded 1,178.56 689.06 761.59 2,310.35 1,835.42 1,153.90 2,391.30 2,319.41 2,303.38
status
Net(asset)/ 1,178.56 689.06 761.59 2,310.35 1,835.42 1,153.90 2,391.30 2,319.41 2,303.38
liability
recognized
in balance
sheet
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WAPCOS
b) Expenses recognized in the Statement of Profit & Loss

(` In Lakh)
Particulars Gratuity (Funded) PRMS(Unfunded) Leave Encashment (Unfunded)
31st March 31st March 31st March 31st March 31st March 31st March
2018 2017 2018 2017 2018 2017
Current Service Cost 198.31 186.19 63.44 48.97 103.67 107.38
Past Service Cost 861.28 - - - - -
Interest cost on defined 202.76 199.64 136.74 93.00 168.62 183.35

benefit obligation
Interest income on plan 147.63 138.71 - - - -

assets
Re- measurements - - - - - -
Expenses recognized in the 1,114.72 247.12 200.18 141.97 164.20 176.10

Statement of Profit & Loss
c) Expenses recognized in Other Comprehensive Income

(` In Lakh)
Particulars Gratuity (Funded) PRMS (Unfunded) Leave Encashment
(Unfunded)
2018 2017 2018 2017 2018 2017
Return on Plan Assets 16.41 9.06 - - - -
Acturial (gains)/ loss (408.12) (208.34) 311.96 567.30 - -
Expenses recognized in (391.71) (199.28) 311.96 567.30 - -

Other Comprehensive
Income
239
WAPCOS
d) Reconciliation of Opening and Closing Balances of Defined Benefit Obligation

(` In Lakh)
Particulars Gratuity (Funded) PRMS(Unfunded) Leave Encashment

(Unfunded)
2018 2017 2018 2017 2018 2017
Present value of obligations as 2,534.48 2,495.49 1,835.42 1,153.90 2,319.41 2,303.38
at beginning of year
Interest cost 202.76 199.64 136.74 93.00 168.62 193.35
Current service cost 198.31 186.19 63.44 48.97 103.67 107.38
Actuarial (gains)/ losses
arising from
Changes in demographic (61.66) 21.45 450.68 (32.63) 21.64 (9.57)
assumptions
Changes in financial (365.73) (47.32) (510.07) 582.19 (481.51) (264.50)
assumptions
Experience adjustments 19.26 (182.47) 371.35 17.74 351.79 159.44
Past service cost 861.29 - - - - -
Benefits paid (41.39) (138.51) (37.22) (27.74) (92.32) (160.07)
Present value of obligations 3,347.32 2,534.47 2,310.34 1,835.43 2,391.30 2,319.41

as at end of year
240
WAPCOS
e) Reconciliation of Opening and Closing Balances of Fair value of plan assets

(` In Lakh)

(Unfunded)
2018 2017 2018 2017 2018 2017
Fair value of plan assets on 1,845.42 1,733.91 - - - -
beginning of year
Interest Income 147.63 138.71 - - - -
Re-measurement gain/ (16.41) (9.09) - - - -
(loss)- Return on Plan Assets
excluding amounts included
in net interest expense
Contribution from the 233.51 120.40 - - - -
employer
Benefits Paid (41.39) (138.51) - - - -
Fair value of plan assets at 2,168.76 1,845.42 - - - -
end of year
f) Actuarial Assumptions
(` In Lakh)

(Unfunded)
31st 31st 1st 31st 31st 1st 31st 31st 1st

March March April March March April March March April
2018 2017 2016 2018 2017 2016 2018 2017 2016
Discount rate 7.87% 8.00% 8.00% 7.76% 7.45% 8.06% 7.83% 7.27% 7.96%
Expected rate 6.00% 8.31% 8.00% 6.00% 7.76% 3.40% 6.00% 7.76% 9.64%
of future salary
increase
Increase in 100% - - - - - - - -
Compensation
levels
Retirement age 60 60 60 60 60 60 60 60 60
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WAPCOS
g) Maturity profile of Defined benefit obligation

(` In Lakh)
Particulars Gratuity (Funded) PRMS (Unfunded) Leave Encashment

(Unfunded)
2018 2017 2018 2017 2018 2017
Weighted average of 10 10 18 18 - -
the defined benefit
obligation
Duration of defined
benefit obligation- from
the fund
Duration (years)
1 268.73 160.47 - - - -
2 132.87 195.64 - - - -
3 314.36 178.81 - - - -
4 301.77 254.61 - - - -
5 263.32 249.35 - - - -
Above 5 7,384.08 5,374.01 - - - -
Total 8,665.13 6,412.89 - - - -
Duration of defined
benefit payments-from
the employer
Duration (years)
1 - - 60.15 41.40 - -
2 - - 60.68 46.56 - -
3 - - 66.65 46.34 - -
4 - - 70.71 51.06 - -
5 - - 72.08 54.31 - -
Above 5 - - 1,977.09 1,593.49 - -
Total - - 2,307.36 1,833.16 - -
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h) Major categories of plan assets (as percentage of total plan assets)

(` In Lakh)

(Unfunded)
31st 31st 1st 31st 31st 1st 31st 31st 1st

March March April March March April March March April
2018 2017 2016 2018 2017 2016 2018 2017 2016
Insurance fund 100% 100% 100% - - - - -
i) Sensitivity Analysis
(` In Lakh)
Sensitivity analysis in respect of gratuity
Particulars Change in assumption Increase in defined Decrease in defined

benefit obligation benefit obligation
2018 2017 2018 2017 2018 2017
Increase/(Decrease) in +/- 1% +/- 1% 314.14 228.74 266.81 195.57
discount rate
Expected rate of future salary +/- 1% +/- 1% 242.05 103.63 223.34 101.46
increase
Expected change in rate of +/- 1% +/- 1% 61.82 52.84 70.91 60.83
employee turnover
243
WAPCOS
(` In Lakh)
Sensitivity analysis in respect of PRMS

2018 2017 2018 2017 2018 2017
Increase/(Decrease) in +/- 1% +/- 1% 403.17 334.00 316.35 260.67

discount rate
Expected rate of future salary +/- 1% +/- 1% 193.11 163.90 162.54 138.45
increase
Expected change in rate of +/- 1% +/- 1% 227.27 196.00 189.23 162.37
employee turnover
Expected change in medical +/- 1% +/- 1% 43.15 22.60 35.03 17.90
cost inflation
(` In Lakh)
Sensitivity analysis in respect of Leave Encashment (Unfunded)

2018 2017 2018 2017 2018 2017
Increase/(Decrease) in - - - - - -
discount rate
Expected rate of future salary - - - - - -
increase
*Changes in Defined benefit obligation due to 1% Increase/Decrease in Mortality Rate, if all

other assumptions remain constant is negligible.
The sensitivity analysis presented above may not be representative of the actual change in
the defined benefit obligation as it is unlikely that the change in assumptions would occur in
isolation of one another as some of the assumptions may be correlated.
Furthermore, in presenting the above sensitivity analysis, the present value of the defined
obligation has been calculated using the projected unit credit method at the end of the report
period, which is the same as that applied in calculating the defined benefit obligation liability
recognized in the statement of financial position.
244
WAPCOS
There is no change in the method of the valuation for the prior period. For change in assumption
please refer to table (f) above, where assumptions for prior period are given.
28. The wage revision in respect of employees was due from 01 January 2017. In
accordance with recommendation of 3rd Pay Revision Committee constituted by
Department of Public Enterprises, the Company has provided wage revision liabilities
in respect of employees for the period 01 January 2017 to 31st March 2018. The
impact of the same amounting to Rs 2,572.30 Lakh has been charged to Statement of
Profit and Loss account.
In terms of Committee’s recommendations, the ceiling of gratuity has been from Rs 10

lakh to Rs 20 Lakh w.e.f 01 January 2017. Accordingly, the Company has provided
the liability as on 31st March 2018 on account of gratuity as per actuarial valuation
based on ceiling of Rs 20 Lakh.
29. In terms of Indian Accounting Standard (Ind AS 37) “Provisions, Contingent liabilities
and Contingent assets”, the required disclosures are as under:-
Movement of Provisions
Movements in each class (Current & Non-Current) of Provision during the financial
year are set out below:-
(` In Lakh)
Particulars Gratuity PRMS
31st March 31st March 1st April 31st March 31st March 1st April
2018 2017 2016 2018 2017 2016
Opening Balance 2,534.48 2,495.49 1,702.13 1,835.42 1,153.89 1,008.83
Additional Provisions 854.24 177.5 897.2 512.15 709.27 183.96
during the Year
Provision used during (41.39) (138.51) (103.84) (37.22) (27.74) (38.90)
the Year
Provisions Reversed - - - - - -
during the Year
Closing Balance 3,347.33 2,534.48 2,495.49 2,310.35 1,835.42 1,153.89
245
WAPCOS
(` In Lakh)
Particulars Leave Encashment Leave Travel Concession

31st March 31st March 1st April 31st March 31st March 1st April
2018 2017 2016 2018 2017 2016
Opening Balance 2,319.41 2,303.38 1,354.16 76.30 100.03 116.21
Additional Provisions 164.21 176.10 1085.23 - - -
during the Year
Provision used during (92.32) (160.07) (136.01) - - -
the Year
Provisions Reversed - - - (21.59) (23.73) (16.18)
during the Year
Closing Balance 2,391.30 2,319.41 2,303.38 54.71 76.30 100.03
30. Earnings Per Share (EPS) is computed in accordance with Indian Accounting Standard
(Ind AS -33) on “Earning per Share:-
(` In Lakh)
Earnings per Equity Shares For the Year ended on For the Year ended on
March 31, 2018 March 31, 2017
Profit attributable to Equity Holders 10,577.63 9,857.28
Continuing Operations 10,577.63 9,857.28
Discontinued Operations - -
Profit attributable to Equity Holders for basic 10,577.63 9,857.28
Earnings
Profit attributable to Equity Holders adjusted for 10,577.76 9,857.28
the effect of dilution
Weighted average number of Equity shares for 1,00,00,000 1,00,00,000
basic EPS*
Face value Per Equity Share 100 100
Earnings Per Equity Share (for continuing - -
operation)
Basic ( In Rs) 105.78 98.57
Dilutive (In Rs) 105.78 98.57
* 35,00,000 equity shares of Rs 100/- each were issued as fully paid Bonus shares with right pari passu with existing equity
shares during financial year 2017-2018 as approved by shareholders of the company in EGM held on 23rd March 2018.
As Per Para 26 of Ind AS on Earning per Share (Ind AS-33), per share calculation for the current year and previous year are
based on new number of equity shares.
246
WAPCOS
31. Dividend and Reserves

(` In Lakh)
March 31st 2018 March 31st 2017
Cash dividend on Equity Shares declared and Paid - -
Final Dividend Paid 3,500.00 2,525.00

Dividend Distribution Tax on Final Dividend Paid 713.28 528.35
Interim Dividend - -
Dividend Distribution Tax on Interim Dividend - -

a) The Dividends on equity shares declared by the Company is in accordance with DPE
guidelines.
32. In terms of Section 22 of the Micro, Small and Medium Enterprises Development
Act 2006*, the amount due to these enterprises are required to be disclosed. These
enterprises are required to be registered under that Act. The Company has asked the
vendors the status of MSME registration. Details of dues to micro, small, and medium
enterprises as defined under the Micro and Small Enterprises are given on the basis of
information available with the management :-
(` In Lakh)
S. No. Particulars 2017-2018 2016-2017
1 (a) The Principal amount due thereon remaining unpaid to 10,859.54 3,732.13
any supplier as at the end of each accounting year
1(b) The interest due thereon remaining unpaid to any -- --

supplier as at the end of each accounting year on the
above amount
2. The amount of interest paid by the buyer in terms -- --

of Section 16 of the Micro and Small Enterprise
Development Act 2006, along with the amounts of the
payment made to the supplier beyond the appointed
day during each accounting year.
3. The amount of interest due and payable for the period -- --
of delay in making payment (which have been paid but
beyond the appointed day during the year) but without
adding the interest specified under Micro and Small
Enterprises Development Act, 2006
247
WAPCOS
S. No. Particulars 2017-2018 2016-2017
4. The amount of interest due and remaining unpaid at the -- --

end of each accounting year.
5. The amount of further interest remaining due and -- --
payable even in the succeeding years, until such date
when the interest dues as above are actually paid to the
small enterprise for the purpose of disallowance as a
deductible expenditure under section 23 of Micro and
Small Enterprise Development Act, 2006
* The company has initiated the process of identification of suppliers registered under Micro and Small Enterprise Development
Act, 2006, by obtaining confirmation from all supplies Information has been collated only to the extent of information
received
33. Balances shown under Claims recoverable, Trade Receivables, Advances to

contractors, Trade Payables and Security deposits / Earnest money from contractors
are subject to confirmation and respective consequential adjustments. The status of
balance confirmations received is as follows:
(` In Lakh)
Central/State Government Foreign Governments Others

Departments
Dues Confirmation Dues Confirmation Dues Confirmation
Received Received Received
Trade Receivable 69,321.43 - 12,684.42 - 5,541.04 360.27
Security Deposits 15,991.99 - 247.72 - 152.43 -
Trade Payables 2,344.42 - - - 60,463.28 3,622.62
Advance to Contractors 98.32 - - - 4,815.03 -
In the opinion of the management, the value of Trade Receivables, Loans and advances on realization in the ordinary course
of business, will not be less than the value at which these are stated in the Balance Sheet. The total Trade Receivables are
Rs. 87,546.89 Lakh out of which Rs. 22,989.96 Lakh (Previous year 2016-17 Rs. 17,605.15 Lakh) are deferred debts presently
not due for payment.
34. During the year the company has acquired fixed assets/ loose tools (not forming part
of the company’s assets i.e. PPE) on behalf of clients amounting to Rs. 185.21 Lakh
(Previous year Rs. 333.25 Lakh) which has been charged to Statement of Profit &
Loss.
248
WAPCOS
35. Liability in respect of “Performance Related Pay”, amounting to Rs 680.88 Lakh

(Previous year 31st March 2017; Rs 901.82 Lakh and for 1 April 2016; Rs 897.84
Lakh) for the employees for the year ended on 31st March 2018 has been estimated
and provided based on scheme formulated in accordance with DPE guidelines, based
upon certain ranking parameter.
36. The Company has pension plan in place for its employees in accordance with D.P.E
Guidelines. The pension plan has been taken from LIC of India for this purpose.
37. Corporate Social responsibility expenses:
The requisite disclosures relating to CSR expenditure in terms on Guidance Note on

Corporate Social Responsibility (CSR) issued by The Institute of Chartered Accountants
of India :-
(a) Gross amount required to be spent by the Company during financial year
ended 2017-2018; Rs 267.75 Lakh (Previous Year; Rs 228.51 Lakh).
(b) Amount spent during the financial year ended 31st March 2018 and 31st March
2017 :-
(` In Lakh)
Particulars In Cash Yet to be paid Total

in cash
(i) Construction / acquisition of any 31st March 2018 - - -
asset
31st March 2017 - - -
(ii) On purpose other than (i) above 31st March 2018 302.95 - 302.95
31st March 2017 317.49 - 317.49
(c) No Transaction is entered into by the company with related party in relation
to CSR expenses.
38. Related Party Disclosures (Indian Accounting Standard -24) are as follows:-
(a) Company does not have any subsidiary or Joint ventures during financial Year
2017-2018, financial year 2016-2017 and as on 01 April 2016.
249
WAPCOS
(b) Other Related Parties :- Financial Year 2017-2018
Name of Other Related Parties Country Nature of Relationship

WAPCOS Employees Contributory India Post – Employment Benefit Plan of WAPCOS Limited
Provident Fund Trust
WAPCOS Employees Defined India Post – Employment Benefit Plan of WAPCOS Limited
Contribution Superannuation Benefit
(Pension Trust)
WAPCOS Limited. Post Retirement India Post – Employment Benefit Plan of WAPCOS Limited
benefit scheme
WAPCOS Employees Gratuity Fund Trust India Post – Employment Benefit Plan of WAPCOS Limited
Global Procurement Consultants Ltd India Common Director
Other Related Parties: - Financial Year 2016-2017
Name of Other Related Parties Country Nature of Relationship

WAPCOS Employees Contributory Fund India Post – Employment Benefit Plan of WAPCOS Limited
Trust
WAPCOS Employees Defined India Post – Employment Benefit Plan of WAPCOS Limited
Contribution Superannuation Benefit
(Pension Trust)
WAPCOS Limited. Post Retirement India Post – Employment Benefit Plan of WAPCOS Limited
benefit scheme
WAPCOS Employees Gratuity Fund Trust India Post – Employment Benefit Plan of WAPCOS Limited
Global Procurement Consultants Ltd India Common Director
250
WAPCOS
(c) Key Management Personnel
Financial Year 2017-2018
Directors / Key Management Personnel

Chairman Cum Managing Director
Shri R.K Gupta
Whole Time Directors

Shri Pankaj Kapoor, Director Finance
Government Nominee Directors

Shri Vinod Kurian Jacob
Shri Akhil Kumar
Shri Nagaraj Kakanur Naidu
Non – Executive (Independent Directors)

Dr Kiran Pandya
Dr S K Singh
Company Secretary
Shri K K Kandwal
251
WAPCOS
Financial Year 2016-2017
Directors / Key Management Personnel

Chairman Cum Managing Director
Shri R.K Gupta
Whole Time Directors

Shri Pankaj Kapoor, Director Finance (From 29th Sept. 2015)
Government Nominee Directors

Dr. B. Rajendra (From 08th June 2015 till 20th July 2016)
Shri U.P. Singh (From 20th Sept. 2016 to 14th Oct 2016)
Shri Akhil Kumar
Shri Nagaraj Kakanur Naidu
Non – Executive (Independent Directors)

Dr Kiran Pandya
Dr S K Singh
Shri RC Jha (From 16th Nov 2013 to 16th Nov 2016)
Company Secretary
Shri K K Kandwal
(d) Transactions with Key Managerial Personnel:-

(` In Lakh)
Description of Transaction Year Ended
31-03-2018 31-03-2017
Compensation to CMD, Whole Time Directors & Company Secretary
Short Term Employee Benefits 139.11 104.36
Contribution towards Post – employment Benefits 31.26 17.97
Other Long Term Benefits 10.07 4.15
Sub- Total
Sitting fees to Non – Executive (Independent Directors) 4.33 2.05
TOTAL 184.77 128.53
252
WAPCOS
Disclosures in respect of transactions with identified related parties are given only for such
period during which such relationships existed.
Chairman – Cum – Managing Director is allowed use of staff car for private journeys up to a
ceiling of 1000 kms per month on payment of Rs 2,000/- per month (Previous Year 31st March
2017; Rs 2,000/- PM).
Director (Finance) is allowed use of staff car for private journeys up to ceiling of 1000 kms per
month on payment of Rs 490/- per month (Previous Year 31st March 2017 – Rs 490/- per month)
(f) Balances outstanding with Key Management Personnel:-

(` In Lakh)
31-03-2018 31-03-2017
Capital Advances - -
Other Advances - -
Payables 5.26 3.20
Advance Received - -
Receivables - -
TOTAL - -
Outstanding balances from the related parties are unsecured and considered good
which are due towards ordinary course of business and are being realized within
reasonable time.
(g) Government Related Entities:
Government of India (GOI) is holding 100% equity shares of the company, which
are held by President of India acting through Ministry of Water Resources, River
Development and Ganga Rejuvenation and its nominees. GOI controls the company
through Ministry of Water Resources, River Development and Ganga Rejuvenation.
The Company has made various transactions with the Ministry of Water Resources,
River Development and Ganga Rejuvenation and entities being controlled or jointly
controlled or having significant influence of the Ministry of Water Resources, River
Development and Ganga Rejuvenation. The Transactions with them are as under:-
253
WAPCOS
Significant Transactions with Government related entities:-
(` In Lakh)
Description of Transaction Year Ended 31-03-2018 Year Ended 31-03-2017
Revenue 13,649.37 3,061.68

Procurements 86.83 33.54
Training Expenses 0.91 -
TOTAL 13,737.11 3,095.22
Significant balances with Government related Parties
(` In Lakh)
Description of Transaction Year Ended 31-03-2018 Year Ended 31-03-2017
Other Advances 225.35 709.79

Payables 955.55 2,689.53
Advance Received 4,648.35 -
Receivables 2,872.09 1,811.44
39. Operating Leases – Lessee
(a) Company has taken certain vehicles on operating lease which are cancellable
by giving appropriate notices as per respective agreements. During the year an
amount of Rs 27.91 lakh (Previous Year 2016-2017 Rs 31.24 Lakh) has been
charged towards these cancellable operating leases.
(` In Lakh)

Within One Year 21.47 24.65
Later than one year but not later than five Years 27.96 23.51
Later than five years NIL NIL
254
WAPCOS
(b) Company has taken certain assets commercial/residential premises etc. on

leases. The leases carry renewal option to renew lease on with escalation in
rent in range of 5-15%.During the year an amount of Rs.1,647.97 Lakh has
been paid (previous year Rs. 1,478.97 Lakh) towards these leases. The future
minimum lease payments in respect of these leases are as follows:
(` In Lakh)

Within One Year 1,084.07 1,083.44
Later than one year but not later than five Years 2,046.59 2,320.93
Later than five years NIL NIL
(c) There are no provisions relating to contingent rent.
40. Earnings in foreign currencies:-

(` In Lakh)
31-03-2018 31-03-2017
Construction 1,103.25 15,251.95
Consultancy 14,451.15 18,805.69
Other Income (includes interest on FDR’s) 24.77 112.44
TOTAL 15,579.17 34,170.08
41. Expenditure in foreign currencies:-

(` In Lakh)
31-03-2018 31-03-2017
Fee for services obtained 4,676.31 7,761.68
Employee benefit expenses 1,495.59 1,839.48
Travel 282.44 456.42
Others 2,567.56 2,917.46
TOTAL 9,021.90 12,975.03
255
WAPCOS
42. During the year company has restated its non-repatriable foreign bank accounts
which has been accounted for in accordance with Indian Accounting Standard -21
(The effects of Changes in Foreign Exchange Rates).
43. Capital Management:-
The Company’s objectives when managing capital are:-
l To ensure Company’s ability to continue as a going concern, and
l To provide adequate returns to shareholders
The Company manages its capital structure and makes adjustments to it in

the light of changes in economic conditions and the risk characteristics of
the underlying assets. In order to maintain or adjust the capital structure, the
Company may adjust the amount of dividends paid to shareholders, return
capital to shareholders or issue new shares.
The amounts managed as capital by the company are summarized as follows:-
Particulars 31st March 2018 31st March 2017 01 April 2016

Equity Share Capital 10,000 6,500 3,500
Other equity 39,775.35 36,857.45 33,337.05
Net debt to equity ratio: NIL
The Company has no outstanding debt as at the end of the respective year.
44. The Management is of opinion that there is no impairment of cash generating assets
in terms of Indian Accounting Standard – 36 “Impairment of Assets” Notified by the
Ministry of Corporate Affairs.
256
WAPCOS
45. Disclosures on Accounting Policies, Change in Accounting Estimates and Errors

(Indian Accounting Standard-8) are as follows:-
(a) Prior Period Transactions are as follows :-

(` In Lakh)
Nature of Expenditure / (Income) Related to FY 2016-2017 Prior to FY 2016-2017

Charges for services obtained 1,137.32 27.64
Employee benefits 33.29 --
Construction Material -- 259.75
Travelling 28.32 37.27
Others 37.44 96.79
Total 1,236.37 421.45
(b) Correction of Prior Period transactions with impact on profit
(c) Impact on Balance Sheet items is as follows :-

(` In Lakh)
Prior Period for the Year 2017-2018

Particulars Impact on 2016-2017 Prior to 01-04-2016 Total
Trade Payables 1,236.37 421.45 1,657.82
Total Liabilities 1,236.37 421.45 1,657.82
(d) Impact on Statement of Profit and Loss items is as follows:-

(` In Lakh)
Prior Period for the 2017-2018

Line Items Impact on 2016-2017
Charges for services obtained 1,137.32
Employee benefits 33.29
Construction --
Travelling 28.32
Others 37.44
Total Expenditures 1,236.37
Profit Before Tax (1,236.37)
257
WAPCOS
Aforesaid prior period figures are crystallized during the year 2017-2018 though these are prior
period transactions and tax benefits on such transactions is available in the year 2017-2018.
However, these figures are restated as per Ind AS -8 to the respective year.
46. Computer Software in form of Intangible Assets disclosed as per Note 2 are amortized
over the period of three years on straight line basis. The amount amortized is as
under:-
(` In Lakh)

Amortization recognized in the Statement of Profit & Loss 68.23 51.58
The Management is of opinion that there is no impairment of Intangible Assets (i.e. Software)
in terms of Indian Accounting Standard – 36 “ Impairment of Assets” as notified by Ministry of
Corporate Affairs (‘ the MCA’).
47. Disclosures on Operating Segments (Indian Accounting Standard-108) are as fol-

lows:-
Operating Segments are defined as components of company for which discrete

financial information is available which is being evaluated regularly by the Chief
Operating Decision Maker (CODM) in deciding how to allocate resources and
assessing performance. The Company’s CODM (Chairman & Managing Director).
(a) The Company has identified two operational reportable segments based on
operations being carried out which are as under:-
• Consultancy Services
• Construction Contracts.
(b) Geographical wise revenues segment is disclosed as under:-
(i) Revenue within India from consultancy includes quality assurance &
project management services, turnkey construction projects.
(ii) Revenue from outside India includes services rendered towards project
management consultancy services, turnkey construction projects.
(c) The accounting principles used in the preparation of the financial statements
are consistently applied to record revenue & expenditure in individual segment,
as set out in the note of significant accounting policies.
258
WAPCOS
(d) Revenue and expenses directly attributable to segments are reported under
each reportable segment. All other expenses which are not attributable or
allocable to the segments have been disclosed as un- allocable expenses.
(e) Assets and liabilities used in the Company’s business are not identified to any of
the reportable segments as these are used interchangeably between segments.
Depreciation, amortization & impairment on Property, Plant & Equipment and
Intangible Assets cannot be allocated to a specific segment. Company believes
that it is currently not practicable to provide segmental disclosure relating to
total assets, total liabilities and depreciation, amortization & impairment since
a meaningful segregation of the available data could be onerous.
(g) Operational Segments:-
Year ended 31-03-2018

(` In Lakh)
Description Consultancy Services Construction Projects Total

Domestic Abroad Domestic Abroad
Revenue 27,344.16 6,253.70 58,987.50 21,543.85 1,14,129.21
Identifiable Operating Expenses 19,608.99 5,103.48 51,142.44 15,784.74 91,639.65
Segmental Profit / (Loss) from 7,735.17 1,150.22 7,845.06 5,759.11 22,489.56
operations
Add : Interest Income* 1,072.01
Add : Other Income ** 1,877.19
Less : Un – allocable Expenses 9,071.12
Net Profit Before Tax 16,367.64
Less : Income Tax 5,789.88
(including Deferred Tax
Net Profit after Tax 10,577.76
Additional Information
Depreciation and amortization 519.67
Non-cash expenses / (Income) other -
than depreciation and amortization
Reversal of Provisions -
Profit on Sale of PPE 1.33
Loss on Sale of PPE. -
259
WAPCOS
Year ended 31-03-2017
(` In Lakh)
Description Consultancy Services Construction Projects Total
Domestic Abroad Domestic Abroad

Revenue 25,285.24 5,674.21 34,578.03 26,598.48 92,135.96
Identifiable Operating 18,920.76 6,236.48 27,333.65 22,333.66 74,824.55
Expenses
Segmental Profit / (Loss) from 17,311.41
operations
Add : Interest Income* 1,210.33
Add : Other Income ** 5,412.28
Less : Un – allocable Expenses 8,242.91
Net Profit Before Tax 15,691.11
Less : Income Tax 5,833.84
(including Deferred Tax
Net Profit after Tax 9,857.28
Additional Information
Depreciation and amortization 440.22
Non-cash expenses / (Income) -
other than depreciation and
amortization
Reversal of Provisions -
Profit on Sale of PPE 1.21
Loss on Sale of PPE. -
260
WAPCOS
Year Ended: 31st March 2017
(i) Revenue of Rs 21,523.91 Lakh (Previous Year 31st March 2017; Rs 13,859.10 Lakh)
from major customers is given below :-
(` In Lakh)
Description Year Ended 31st March 2018 Year Ended 31st March 2017
Consultancy Turnkey / Total Consultancy Turnkey / Total

Services Engineering Services Engineering
Projects Projects
Customer-1 4,941.02 11,235.03 16,176.05 1,938.83 6,848.16 8,786.99
Customer-2 1,390.15 3,957.71 5,347.86 1,707.50 3,364.61 5,072.11
Total 6,331.17 15,192.74 21,523.91 3,646.33 10,212.77 1,385.90
261
48. Financial Assets and Liabilities
The carrying amounts of Financial Assets and Financial Liabilities in each category are as follows:-
Financial Instruments by Category

(` In Lakh)
Particulars Note As at March 31, 2018 As at March 2017 As at April, 2016

Ref
No
FVTPL Amortized FVTOCI Fair FVTPL Amortized FVTOCI Fair FVTPL Amortized FVTOCI Fair
Cost Value Cost Value Cost Value
Other Financial Assets - 1,261.39 - 1,261.39 - 5,257.51 - 5,257.51 - 10,658.47 - 10,658.47

including Retention
money and security
deposits (Non-current)
Investments – Non - 29.98 29.98 - 27.37 27.37 - 24.60 24.60

Current
Trade Receivables - 77,411.64 - 77,411.64 - 55,323.11 - 55,323.11 - 41,333.41 - 41,333.41
Cash and Cash - 16,768.40 - 16,768.40 - 19,632.69 - 19,632.69 - 24,490.39 - 24,490.39
262
Equivalents
Other Bank Balances - 24,880.99 - 24,880.99 - 18,770.93 - 18,770.93 - 19,614.79 - 19,614.79
Other Financial Assets - 19,165.19 - 19,165.19 - 17,409.43 - 17,409.43 - 10,018.68 - 10,018.68

including Retention
money and security
deposits (Current)
Total Financial Assets - 1,39,487.61 29.98 1,39,517.59 - 1,16,393.67 27.37 1,16,421.04 - 1,06,115.74 24.60 1,06,140.34
WAPCOS
WAPCOS
(` In Lakh)
Particulars Note As at March 31, 2018 As at March 2017 As at April, 2016

Ref
No
FVTPL Amortized FVTOCI Fair Value FVTPL Amortized FVTOCI Fair Value FVTPL Amortized FVTOCI Fair Value
Cost Cost Cost
Financial
Liabilities:
Trade - 62,807.69 - 62,807.69 - 46,491.09 - 46,491.09 - 41,880.10 - 41,880.10

Payables
Other - 5,152.82 - 5,152.82 - 5,261.72 - 5,261.72 - 5,538.55 - 5,538.55

Financial
Liabilities
(Current and
Non-current)
Total - 67,960.51 - 67,960.51 - 51,752.81 - 51,752.81 - 47,418.65 - 47,418.65

Financial
Liabilities

The Carrying amount of Trade Receivables, Trade Payables and Cash and Cash Equivalent are
considered to be same as their Fair Values due to their short term nature.
The Carrying amount of the Financial Assets and Liabilities carried Amortized Cost is considered
a reasonable approximation of Fair Value.
(i) Fair Value Hierarchy
Financial Assets and Financial Liabilities measured at fair value in the Balance Sheet
are grouped into three levels of a fair value hierarchy. The three levels are defined
based on the observability of significant inputs to the measurement, as follows:-
Level-1: Quoted prices (unadjusted) in active markets for identical assets or liabilities
Level-2: The fair value of Financial Instruments that are not traded in an active
market is determined using valuation techniques which maximize the
use of observable market data rely as little as possible on entity specific
estimates.
Level-3: If one or more of the significant inputs is not based on observable market
data, the instrument is included in Level 3
The following tables shows the levels within the hierarchy of Financial Assets and
Liabilities measured at Fair Value on a recurring basis at March 31, 2018, March
31, 2017 and April 1, 2016 :-
263
WAPCOS
(ii) Financial Assets measured at Fair value – Recurring Fair Value Measurements
(` In Lakh)
Particulars Period Note Level-1 Level-2 Level-3 Total
Ref.
Financial Instruments at FVTOCI - - - -
Non-Current Investments – March 31st, 2018 - - 2.61 2.61
Equity Shares
March 31st 2017 3 - - 2.77 2.77
April 01, 2016 - - 20.92 20.92
(iii) Valuation Technique used to determine Fair Value
Specific valuation techniques used to value financial instruments includes the use of
Net Assets Value of Unquoted Equity Shares on the basis of the Audited Financial
Statements received from investee party.
49. Financial Risk Management
The Company’s activities expose it to credit risk, liquidity risk and market risk. The
Company’s Board of Directors has overall responsibility for the establishment and
oversight of company’s risk management framework. This note explains the sources
of risk which the entity is exposed to and how the entity manages the risk and related
impacts in the financial statements.
(a) Credit risk
The company is exposed to credit risk from its operating activities (Primarily
trade receivables) and from its financing activities including Deposits with
Banks, Mutual funds and financial institutions and other financial instruments.
(i) Credit Risk Management
The company assesses and manages credit risk of Financial Assets based on
following categories arrived on the basis of assumption, inputs and factors
specific to the class of Financial Assets.
264
WAPCOS
A: Low Credit Risk on financial reporting date

B: Moderate Credit Risk
C: High Credit Risk
The Company provides for Expected Credit Loss based on the following:-
Asset Group Basis of categorization Provision for Expenses credit loss

Low Credit Risk Cash and cash Equivalents, 12 months expected credit loss
other Bank Balances and other
Financial Assets
Moderate Credit Risk Trade Receivables Life Time expected credit loss
High Credit Risk Trade Receivables and other Life Time expected credit loss or
Financial Assets fully provided for
In respect of Trade Receivables, the Company recognizes a provision for lifetime Expected
Credit Loss.
Based on business environment in which the Company operates, a default on a Financial Asset
is considered when the counter party fails to make the payment within agreed time period as
per contract or decided later based upon the factual circumstances on case to case basis. Loss
rates reflecting defaults are based on actual credit loss experience and considering differences
between current and historical economic conditions.
Assets are written off when there is no reasonable expectation of recovery, such as a debtor
declaring bankruptcy or litigation decided against the company. The company continues
to engage with parties whose balances are written off and attempts to enforce repayment.
Recoveries made are recognized in Statement of Profit & Loss.
(` In Lakh)
Credit rating Particulars 31st March 31st March 1st April

2018 2017 2016
A: Low credit risk Cash & Cash Equivalents, Other 62,075.97 61,070.56 64,782.33
Bank balances and other financial
assets
B: Moderate credit risk Trade receivables 77,608.04 59,714.63 49,319.40
C: High credit risk Trade receivables and other financial 15,352.88 10,995.16 7,056.21
assets
265
WAPCOS
Concentration of trade receivables
The company’s major exposure to credit risk for trade receivables are from various Central and
State Government departments/ Ministries.
Credit risk exposure

Provision for Expected credit losses
The Company provides for Expected Credit Losses based on 12 month and lifetime expected
credit loss basis for following financial assets-
A Low credit risk
31st March 2018 (` In Lakh)
Particulars Note Carrying amount Impairment Carrying amount

reference net of Provision of
impairment
Cash and Cash 8 16,768.40 - 16,768.40
equivalents
Other bank balances 9 24,880.99 - 24,880.99
Other financial assets 4 20,426.58 - 20,426.58
Particulars Note Carrying amount Impairment Carrying amount

reference net of Provision of
impairment
Cash and Cash 8 19,632.69 - 19,632.69
equivalents
Other bank balances 9 - 18,770.93
18,770.93
266
WAPCOS
1st April 2016
(` In Lakh)
Particulars Note reference Carrying amount Impairment Carrying amount

net of Provision
of impairment
Cash and Cash 8 24,490.39 - 24,490.39
equivalents
Other bank balances 9 19,614.79 - 19,614.79
B Moderate credit risk (consisting of Trade receivables and retention ageing from
1-3 years)
Expected credit loss for trade receivables under simplified approach
Ageing Note Upto 1 year Between 1 Between 2 Total

reference year and 2 year and 3
years years
Gross carrying amount 55,213.30 16,672.35 7,767.47 79,653.12
(considered good)
Expected credit losses (Loss 7 891.84 713.92 439.32 2,045.08
allowance provision)
Carrying amount of trade 54,321.46 15,958.43 7,328.15 77,608.04
receivable (Net of impairment)

years years
Gross carrying amount 42,671.91 11,828.50 6,729.80 61,230.21
(considered good)
Expected credit losses (Loss 698.59 525.59 291.40 1,515.58
allowance provision) 7
Carrying amount of trade 41,973.32 11,302.91 6,438.40 59,714.63
receivable (Net of impairment)
267
WAPCOS
1st April 2016 (` In Lakh)

years years
Gross carrying amount 33,249.77 10649.00 6,786.18 50684.95
(considered good)
Expected credit losses 551.86 548.41 265.29 1,365.55
(Loss allowance provision)
Carrying amount of 7 32,697.91 10,100.59 6,520.90 49,319.40
trade receivable (Net of
impairment)
Reconciliation of loss provision – Trade receivables and Retention money
(` In Lakh)
Reconciliation of loss allowance Loss Allowance

Loss allowance as on 1st April 2016 8,519.71
Impairment loss recognized 1495.32
Reversal/ Recovery 303.10
Loss allowance as on 31st March 2017 9,711.93
Impairment loss recognized 1,799.13
Reversal/ Recovery 532.88
Loss allowance as on 31st March 2018 10,978.18
C High credit risk
31st March 2018
(` In Lakh)
Particulars Note Period Carrying Impairment Carrying

reference amount amount net of
Impairment
provision
Trade Receivables 7 Above 3 years 24,285.98 8,933.10 15,352.88
268
WAPCOS
31st March 2017
(` In Lakh)

Impairment
provision
1st April 2016
(` In Lakh)

Impairment
provision
(B) Liquidity Risk
The Company’s principal sources of liquidity are Cash and Cash Equivalents which
are generated from Cash Flow from Operations. The company has no outstanding
Bank Borrowings. The company considers that the Cash Flow from Operations is
sufficient to meet its current liquidity requirements.
Maturities of Financial liabilities
The tables below analyze the Company’s financial liabilities into relevant maturity
groupings based on their contractual maturities. The amounts disclosed in the table
are the contractual undiscounted cash flows. Balances due within 12 months equal
their carrying balances as the impact of discounting is insignificant.
(` In Lakh)
31st March 2018 Note Upto More than Total

reference one year one year
Trade Payable 16 61,301.75 1,505.94 62,807.69
Earnest money and security deposits 17 331.85 - 331.85
Total 61633.60 1505.94 63139.54
269
WAPCOS
(` In Lakh)
31st March 2017 Note reference Upto one year More than one Total
year
Trade Payable 16 46,150.73 340.36 46,491.09
Earnest money and security deposits 17 1,668.05 - 1,668.05
Total 47,818.78 340.36 48,159.14
(` In Lakh)
1st April 2016 Note Upto one year More than one Total
reference year
Trade Payable 16 28,853.76 13,026.34 41,880.10
Earnest money and security deposits 17 2,355.85 - 2,355.85
Total 31,209.61 13,026.34 44,235.95
(C) Market risk
The Company’s exposure towards Price rise arises from investments held and classified
in the Balance Sheet at fair value through Other Comprehensive Income.
The Company’s exposure to equity securities price risk arises from Investments held
by the company and classified in the Balance Sheet as Fair Value through Other
Comprehensive Income (OCI).
(` In Lakh)
Particulars Note reference 31st March 31st March 1st April 2016
2018 2017
Investments- Unquoted Investments 3 29.98 27.37 24.60
(D) Foreign Exchange risk
The Company has international transactions and is exposed to foreign exchange

risk arising from foreign currency transactions. Foreign exchange risk arises from
future commercial transactions and recognized assets and liabilities denominated in
a currency that is not the Company’s functional currency.
270
WAPCOS
Foreign currency risk exposures:

(` In Lakh)
USD EURO USD EURO

Trade Receivables 101.27 7.33 52.88 1.65
Trade Payables 66.51 0.14 79.60 2.15

50. The Major movement of Deferred Tax Assets and Deferred Tax Liabilities with
Domestic Effective Tax Rate of the Company are as follows:
(` In Lakh)
Particulars 1st April Recognized Recognized 31st March Recognized Recognized 31st March
2016 in other in Statement 2017 in other in Statement 2018
Comprehensive of Loss Comprehensive of Loss
Income Income
Assets
Employee Benefits 325.97 -- 325.97 (286.29) 127.37 (413.66) 458.38
Provision for Contractual - -- - - - - -

obligations
Provision for estimated losses 1,241.04 -- 1,241.04 1.91 - 1.91 475.1
Others 24.33 -- 24.33 13.48 13.48 7.73
Deferred tax liabilities arising

on :
Depreciation 60.12
Others (8.51) -- (8.51) (0.96) (0.96) -- (1.00)
Total 1,582.83 -- 1,582.83 (271.86) 126.41 (398.27) 1,000.33
271
WAPCOS
51. Contingent Liabilities, Contingent Assets and Commitments
(To the extent not provided for)

(` In Lakh)
March 31, 2018 March 2017 April, 2016
(a) Contingent Liabilities

(i) Claim against the company not acknowledged as 2,409.47 2,597.37 2,757.98
debt.*
(Counter claims of the company against
above claims amounts to Rs 4170.22
lakh for 31st March 2018 (for March 31,
2017 Rs 3755.78 lakh & April 1, 2016
Rs 3341.32 lakh) not accounted for in books.)
Others- Salma Dam Project 30,639.00 21,880.04 23,209.04
(ii) Bank Guarantees for Performance, Earnest Money 28,186.99 30,450.00 28,124.29
Deposits and Security Deposits
(iii) Demands raised by the Income Tax Department 233.32 199.55 ---
but not accepted by the company (The company
has filed appeal which is pending before CIT(A))
Demand cum Show Cause notice issued by 16,667.99 16,667.99 16,667.99
Service Tax Department (The above show cause
notice issued by the Service tax Department in
the year 2014. The company had contested the
said show cause notice and submitted its replies
to the department. Several hearings have been
conducted by the department and no further
demand notice has been issued after the initial
show cause notice.)
(iv) Others 3,427.15 1,905.40 1,433.74
(b) Contingent Assets -- -- --
(d) Commitments -- -- --
272
WAPCOS
52. First Time adoption of Ind AS
These financial statements of WAPCOS Limited for the financial year ended 31st
March 2018 have been prepared in accordance with Ind AS. For the purpose of
transition to Ind AS, the company has followed guidelines prescribed in Ind AS 101
First time adoption of Indian Accounting Standard issued by Ministry of Corporate
affairs (‘the MCA”), with 1st April 2016 as transition date and IGAAP as pervious
GAAP.
The transition to Ind AS has resulted in changes in the presentation of the financial
statements, disclosures in the notes thereto and accounting policies and principles.
The accounting policies set out in Note – 1 have been applied in preparing the
financial statements for the year ended 31st March 2018 and comparative information.
An Explanation of how the transition from previous GAAP to Ind AS has affected the
company’s Balance Sheet, Statement of Profit & Loss and Statement of Cash flows is
set out as follows. Exemptions on first time adoption of Ind AS availed in accordance
with Ind AS 101 have been set out as follows :-
(1) Exemptions availed on first time adoption of Ind AS 101
Ind AS 101 allows first time adopters certain exemptions from the retrospective
application of certain requirements under Ind AS. The Company has accordingly
applied the following exemptions:-
(1.1) Ind AS optional exemptions
(a) Deemed Cost of Property, Plant and Equipment (PPE), Intangible Assets.
There is no change in functional currency of the Company on the
date of transition to Ind AS, hence Company has elected to continue
with the carrying value for all its property, plant and equipment (PPE),
Intangible assets recognized under Indian GAAP as deemed cost at
transition date (i.e. 01-04-2016) in the financial statements.
(1.2) Ind AS mandatory exemptions
(a) Estimates
An entity’s estimates in accordance with Ind ASs at the date of transition
to Ind AS shall be consistent with estimates made for the same date
in accordance with previous GAAP (after adjustments to reflect any
273
WAPCOS
difference in accounting policies), unless there is objective evidence

that those estimates were in error.
Ind AS estimates as at 1 April 2016 are consistent with the estimates
as at the same date made in conformity with previous GAAP. The
Company made estimates for following items in accordance with Ind
AS at the date of transition as these were not required under previous
GAAP:
(i) Impairment of trade receivables based on expected credit loss model.
(b) Classification and measurement of financial assets and liabilities
The classification and measurement of financial assets will be made considering

whether the conditions as per Ind AS 109 are met based on facts and circumstances
existing at the date of transition. Financial assets can be measured using effective
interest method by assessing its contractual cash flow characteristics only on the basis
of facts and circumstances existing at the date of transition and if it is impracticable
to assess elements of modified time value of money i.e. the use of effective interest
method, fair value of financial asset at the date of transition shall be the new carrying
amount of that asset. The Company has availed the exemption for loan to Employees.
All the other financial assets and financial liabilities have been restated retrospectively.
2. RECONCILATIONS
(2.1) THE FOLLOWING RECONCILATIONS PROVIDES THE EFFECT OF
TRANSITION TO IND AS FROM IGGAP IN ACCORDANCE WITH IND AS
101.
(2.2.1) RECONCILATION OF EQUITY AS AT 31-03-2017 AND 01-04-2016

AS PREVIOUSLY REPORTING UNDER INDIAN GAAP TO IND AS
274
As at 31.03.2017 As at 01.04.2016
Particular Change in
Prior Change in Other Prior Other
IND Accounting IND
IGAAP Period Accounting Reclassification/ IGAAP Period Reclassification/
WAPCOS
AS Policies/ AS
Adjustments Policies Restatement Adjustments Restatement
New Polciy
1 Non Current Assets
(a) Property, Plant And Equipment 1,733.81 2.62 1,736.43 1,612.65 2.57 1,615.22
(b) Other Intangible Assets 103.47 (2.62) 100.85 117.80 (2.57) 115.23
(c) Financial Assets
(i) Investment 3.68 - 23.69 - 27.37 3.68 20.92 - 24.60
(ii) Trade Recievables - - - -
(iii) Loans - - - -
(iv) Other Financial Assets 5,097.10 160.41 5,257.51 10,548.91 109.56 10,658.47
(d) Deferred Tax Assets (Net) 3,827.97 1,310.97 5,138.94 2,915.52 1,582.82 4,498.34
(e) Other Non-current Assets 3,709.33 129.60 3,838.93 1,474.82 45.60 1,520.42
2 Current Assets
(a) Inventories - - - -
(b) Financial Assets - -
275
(i) Investments - -
(ii) Trade Recievables 58,575.27 (3,252.16) 55,323.11 44,707.50 (3,374.09) 41,333.41
(iii) Cash and Cash Equivalents 19,632.69 19,632.69 24,490.39 24,490.39
(iv) Other Bank Balances 18,770.93 18,770.93 19,614.79 19,614.79
(v) Loans - - -
(vi) Other Financial Assets 17,909.20 (339.36) (160.41) 17,409.43 10,340.14 (211.90) (109.56) 10,018.68
(c) Current Tax Assets(Net) - -
(d) Other Current Assets 2,735.45 (64.74) 2,670.71 4,419.85 (0.68) 4,419.17
-
TOTAL 132,098.90 (3,567.83) 1,375.83 129,906.90 120,246.05 (3,565.07) 1,627.74

118,308.72

EQUITY AND LIABILITIES
1 EQUITY
(a) Equity Share Capital 6,500.00 6,500.00 3,500.00 3,500.00
(b) Other Equity 40,464.12 (467.19) (3,139.49) - 36,857.44 32,760.63 (421.45) 997.86 33,337.04
As at 31.03.2017 As at 01.04.2016
Particular Change in
Prior Change in Other Prior Other
IND Accounting IND
IGAAP Period Accounting Reclassification/ IGAAP Period Reclassification/
AS Policies/ AS
Adjustments Policies Restatement Adjustments Restatement
New Polciy

LIABILITIES
(i) Borrowings
(ii) Trade Payable 121.22 219.14 340.36 10,105.76 2,920.58 13,026.34
(iii) Other Financial Liabilities 215.28 215.28 100.14 100.14
(b) Provisions 4,935.41 (945.48) 3,989.93 3,181.14 224.53 3,405.67
(c) Deffered Tax Liabilities(Net) - -
(d) Other Non-Current Liabilites 2,208.17 105.49 2,313.66 9,277.16 67.23 9,344.39
CURRENT LIABILITIES
(a) Financial Libilities
(i) Borrowings
276
(ii) Trade Payable -
- Total Outstanding Dues Of Micro, 3,732.13 3,732.13 - -

Small & Medium Enterprises
- Total Outstanding Dues Of 42,659.98 (241.38) 42,418.60 33,493.02 (4,639.26) 28,853.76

Creditors Other Than Micro, Small
& Medium Enterprises
(iii) Other Financial Libilities 2,186.32 1,790.03 1,070.09 5,046.44 1,868.21 2,458.31 1,111.89 5,438.41
(b) Provisions 2,044.26 (124.62) 1,919.64 5,303.01 (3,053.36) (1,336.42) 913.23
(c) Current Tax Liabilities(Net) - - -
(d) Other Current Libilities 27,032.01 (458.59) 26,573.42 20,656.98 (267.24) 20,389.74
TOTAL 132,098.90 (467.19) (1,243.97) (480.84) 129,906.90 120,246.05 (421.45) 470.04 (1,985.92) 118,308.72
WAPCOS
WAPCOS
EXPLAINATION FOR RECONCILATION OF BALANCE SHEET AS PREVIOUS YEAR

REPORTED UNDER I GAAP TO IND AS
(A) INTANGIBLE ASSETS
(a) Reclassification of Intellectual Properties – i.e Books from Intangible Assets

to Property, Plant & Equipments at Carrying Cost (i.e deemed cost as on
01-04-2016 and 31-03-2017)
(B) INVESTMENTS
(a) Restatement of Gains / (Losses) of Investment in Unquoted Equity shares

classified as Non-Current Investments remeasured through other
Comprehensive Income (OCI). As a result of such remeasurements, fair value
of unquoted equity shares increases by Rs 1.82 Lakh net of (Deferred Tax
Rs 0.96 Lakh) as at March 31st 2017 (April 01, 2016 Rs 20.92 Lakh)
(C) OTHER FINANCIAL ASSETS – NON CURRENT
Under the previous GAAP, interest free lease security deposits (that are refundable
in cash on completion of the lease term) are recorded at their transaction value.
Under Ind AS, all financial assets are required to be initially recognised at fair value.
Accordingly, the Company has fair valued these security deposits under Ind AS
by applying effective interest rate method. Difference between the fair value and
transaction value of the security deposit has been recognised as prepaid expenses
shown under current and non-current assets. Retention money with clients has been
restated at transaction cost and shown under other financial assets current based on
terms of contracts. Bank deposits held as margin money along with interest accrued
thereon with maturity period of 12 months or more has been reclassified.
(D) OTHER FINANCIAL ASSETS - CURRENT
Interest free staff advances recoverable with in next 12 months are reclassified at
transaction cost. Security deposits / EMD, Retention money with clients has been
restated at transaction cost and shown under other current financial assets based on
terms of contracts. Under previous GAAP, provision for retention money held by trade
receivables is recognised on specific identification method based on management
assessment of recoverability of trade receivables. As per Ind AS 109, the Company
is required to apply expected credit loss model (provision matrix approach) for
recognizing the allowance for doubtful receivables.
277
WAPCOS
(E) DEFERRED TAX ASSETS (NET)
Deferred Tax Impact on adjustments of Gain / (Loss) on remeasurements of Acturial

Gains / (Losses) on employee benefits and Gains / (Losses) on remeasurements of
Non-Current Investments in unquoted Equity Shares are made as per Ind AS.
(F) OTHER ASSETS CURRENT AND NON CURRENT
Advances to suppliers and sub-contractors are restated at transaction cost and has
been shown under other current assets based on terms of contract.
(G) PROVISION FOR TRADE RECEIVABLES AND RETENTION MONEY USING

PROVISION MATRIX APPROACH
Under previous GAAP, the Company has created provisions for Trade Receivables
including Retention money amounts based on management estimates of recoverability
over and above outstanding for more than five years. Under Ind AS, impairment
allowance has been determined based on life time Expected Credit Loss Model (ECL)
for trade receivables and retention money. As a result of change, the profit for the
year ended March 31, 2017 decreased by Rs 5.53 Lakh. Consequently total equity
decreased by Rs 5.53 Lakh as at March 31st 2017. (April 01, 2016 Rs 3,585.99 Lakh)
(H) OTHER EQUITY
Adjustments on account of proposed dividend, dividend distribution tax, and change

in accounting policy on prior period errors / omission have been made as per Ind AS.
(I) TRADE PAYABLES
Non-Current trade payables are shown at transaction cost. Current Trade Payables
are shown at transaction cost with adjustments on account of Prior Period errors /
omissions.
(J) PROVISIONS – CURRENT AND NON CURRENT
Under Ind AS, actuarial gain and losses on defined benefit plans liabilities and plan
assets are recognised in other comprehensive income instead of Profit and Loss.
Under the Previous GAAP, such measurements were charged to profit and loss for the
respective years. As a result of such change, the profit for the year ended March 31,
2017 decreased by Rs 368.05 Lakh with deferred tax impact of Rs 127.27 Lakh.
278
WAPCOS
(K) OTHER COMPREHENSIVE INCOME
Items of income and expense that are not recognised in profit and loss are shown
in the statement of profit and loss as ‘other comprehensive income’ includes re-
measurements of defined benefit plans, Restatement of Gains / (Losses) from
Investment in Unquoted Equity Shares classified as Non-Current Investments through
other Comprehensive Income (OCI). The concept of other comprehensive income
did not exist under previous GAAP.
(2.2.2)
RECONCILATION ON NET PROFIT FOR THE YEAR ENDED
31-03-2017 AS PREVIOUSLY REPORTED UNDER INDIAN GAAP TO
IND AS
Change in Other
Prior Period
Particular IGAAP Accounting Reclassification/ IND AS
Adjustments
Policies Restatement
REVENUE
Revenue from operations 92,135.96 92,135.96
Other income 5,407.64 1,214.97 6,622.60
TOTAL REVENUE 97,543.60 - 1,214.97 98,758.56

EXPENDITURE
EMPLOYEE BENEFIT EXPENSES 19,132.11 34.73 (368.08) 18,798.77
TRAVEL - -
SUPPLIES AND SERVICES 23,516.81 1,137.31 24,654.13
COST OF EXPORT SALES - -
COST OF TURNKEY CONSTRUCTION PROJECTS 20,907.95 20,907.95
DEPRECIATION AND AMORTISATION EXPENSES 440.22 - - - 440.22
OTHER EXPENSES 17,041.47 9.50 1,215.42 18,266.39
PRIOR PERIOD EXPENSES 366.60 (366.60) -
PROFIT/ (LOSS) ON SALE OF FIXED ASSETS 0.45 (0.45) -
TOTAL EXPENDITURE 81,405.61 814.94 846.91 83,067.46
PROFIT BEBORE TAX 16,137.99 (814.94) 368.06 15,691.10
TAX EXPENSES -
CURRENT TAX 6,348.01 6,348.01
DEFFERED TAX (912.45) (15.39) 413.66 (514.18)
PROFIT AFTER TAX 10,702.43 (814.94) 15.39 (45.60) 9,857.27
OTHER COMPREHENSIVE INCOME
279
WAPCOS
Change in Other
Prior Period
Particular IGAAP Accounting Reclassification/ IND AS
Adjustments
Policies Restatement

Remeasurment of Defined Benefit Plans Gain/(Loss) (241.05) (241.05)

(Net of Taxes)
Gains/ Losses From Investment in Equity - - - 1.81 1.81

Instruments Designated at Fair Value through OCI
(Net of Taxes)
Total Other Comprehensive Income of the Year - - - (239.24) (239.24)

(Net of Tax)
Total Comprehensive Income of the Year 10,702.43 (814.94) 15.39 (284.84) 9,618.03
EXPLANATIONS FOR RECONCILIATION OF STATEMENT OF PROFIT & LOSS AS PREVIOUS

YEAR REPORTED UNDER IGAAP TO IND AS
(L) EMPLOYEE BENEFIT EXPENSES
(a) As per IND AS, actuarial gain and loss are recognized in Other Comprehensive
Income (OCI) & not reclassified to Profit & Loss in subsequent period.
(b) Reclassification/ Restatement of employee benefit expenses.
(c) Adjustments on account of Prior Period errors / omissions
(M) CHARGES FOR SERVICES OBTAINED
(a) Adjustments on account of Prior Period errors / omissions.
(N) TRAVELLING COST
(a) Adjustments on account of prior period errors/ omissions.
(O) OTHER EXPENSES
(a) Adjustments on account of prior period errors/ omissions.
(b) Adjustments on account of change in accounting policy on prepaid expenses.
(c) Reclassification/ Restatement of other expenses.
(P) PRIOR PERIOD ADJUSTMENTS
Adjustments of prior period errors/ omissions have been made as per Ind AS.
280
WAPCOS
(Q) INCOME TAX
Adjustment of tax on remeasurements of defined benefits has been made as per Ind
AS.
(R) REMEASUREMENTS OF DEFINED BENEFITS PLANS
Re-measurement of defined benefit plan has been considered in Other Comprehensive

Income (OCI) as per IND AS.
2.2.3 RECONCILATION OF TOTAL EQUITY FOR THE YEAR ENDED

31-03-2017 AND 01 APRIL 2016
Particulars 31st March, 2017 1st April, 2016

Total equity (shareholder’s funds) as per previous GAAP 46,964.12 36,260.63
Adustments:-
Fair valuation of equity shares 23.70 20.92
Equalization of Lease rentals (113.46) (73.25)
Provision of trade receiveable using provision matrix approach (3,591.53) (3,586.00)
Dividend adjustment - 3,053.36
Effect of Changes in prior period expenses (1,236.39) (421.45)
Tax Impact on adjustments 1,310.97 1,582.83
Total equity as per IND AS 43,357.41 36,837.04
2.2.4 IMPACT OF IND AS ADOPTION ON THE STATEMENT OF CASH FLOWS

FOR THE YEAR ENDED 31 MARCH 2017
Particulars Previous GAAP Adjustment due Ind AS

to Ind AS
Net Cash Flow from Operating Activities (2,683.70) 69.01 (2,614.69)
Net Cash Flow from Investing Activities 1,507.01 -- 1,507.01
Net Cash Flow from Financing Activities (3,053.36) -- (3,053.36)
Effect of Exchange Variation on translation of Foreign (627.66) (69.01) (696.67)
Currency Cash & Bank Balance
Net Increase/ (Decrease) in Cash and Cash Equivalents (4857.71) -- (4857.71)
Cash and Cash Equivalents as at 1st April, 2016 24,490.39 -- 24,490.39
Cash and Cash Equivalents as at 31st March, 2017 19,632.68 -- 19,632.68
281
WAPCOS
53. Previous year figures have been regrouped and / or reclassified, whenever, necessary
to confirm to those of the current year grouping and / or classification. Negative
figures have been shown in brackets.

Sd/- Sd/- Sd/- Sd/-

(K.K. Kandwal) (Dr Santosh Kumar Singh) (Pankaj Kapoor) (R.K.Gupta)
Company Secretary Director Director (Finance) Chairman-cum-Managing Director
DIN 06999522 DIN07290569 DIN 02765470
As per our report of even date attached

FRN- 000220N
Sd/-
(Anup Mehta)
Partner
M.No.093133
Place : Gurugram
Date : 14th August, 2018
282
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WAPCOS

Annual Report 2017-18

Prime Minister, Narendra Modi viewing WAPCOS Exhibits

Prime Minister, Narendra Modi and Prime Minister of Nepal,

Prime Minister, Narendra Modi, laid the Foundation Stone for

Arjun Ram Meghwal

Dr. Satya Pal Singh

187 Auditors’ Report

Pankaj Kapoor Akhil Kumar Vinod K Jacob

Dr. Kiran Pandya Dr. S.K. Singh

u To adopt international standards in surveys, investigations, designs, cost estimates,

u Irrigation, Drainage and u Hydropower u Water Supply, Sanitation

RANGE OF CONSULTANCY SERVICES

u Preliminary u Field Surveys & u Operation &

REGISTRATION WITH INTERNATIONAL ORGANISATIONS

Excellence Award instituted by Department of Public Enterprises, Ministry of Heavy Industry

WAPCOS as a techno-commercial organization under the aegis of Ministry of Water Resources,

WAPCOS comprising of highly qualified professionals backed by dynamic and vibrant

WAPCOS accomplishments are the result of Passion, Drive and

Meritorious Award”- Corporate Governance” as also Corporate Governance and Sustainability

Leading WAPCOS Run

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Gracing the Occasion of MY TREE Initiative

Dr. Satya Pal Singh, Minister of State

U.P. Singh, Secretary,

Clean River Initiative –

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Participating in Save the

U.P. Singh, Secretary,

WAPCOS Since 1969… Transcending Boundaries - Touching Lives

Presentation of Dividend and Bonus Shares on the occasion

Minister, Ambassadors and Leaders of Delegations from various

Felicitation by Ms. Naheed Farid, Commendation by Ms. Emilia Fernandes,

Appreciation by Sonam P. Wangdi, Director General Commendation by Come Manirkakiza,

D R CONGO Lao PDR

Commendation by Joseph Bofola Isiyoko Liongo Appreciation by Nouanedeng Rajvong, Deputy

Appreciation by Frank Musah Dean Jr. Recognition by George Mkondiwa

Appreciation by UUGANBAYAR Tumurkhuu Head Commendation by Ms. Felicidade Isabel Massingue

Certificate of Recognition by Anil Raj Bhandari, Commendation by Ali Illia Ssou

Appreciation by Baraka H. Luvanda Appreciation by Partson Itai Mbiriri, Secretary,

Over 300 Projects In India & Abroad in the fields

Environmental and Social

Over 500 Projects

Ports and Inland

Over 200 Projects

WAPCOS At A Glance - Financial Statistics

WAPCOS At A Glance - Financial Statistics

2015-16 2014-15 2013-14 2012-13

EQUITY AND LIABILITIES

1. Share Capital 3,500.00 2,500.00 1,600.00 800.00

2. Reserve and surplus 32,760.62 28,430.92 24,121.57 19974.22

Non - Current Liabilities

3. Deferred Tax Liabilities (Net) - - - -

4. Trade Payables 16,844.78 3264.06

5. Long-term Provisions 3,181.14 2,142.48 1,742.02 1746.01

6. Trade Payables 22,068.70 20007.91

7. Other Current Liabilities 22,525.19 15,720.86 13,446.15 19121.04

8. Short-term Provisions 5,303.00 3,237.28 2,738.08 7792.91

TOTAL 120,246.04 100,170.21 82,561.30 72706.15

Non - Current assets

Tangible Assets 1,612.66 1,359.98 1,464.34 1209.40

10. Non - current Investments 3.68 3.68 3.68 3.68

11. Deferred tax assets (net) 2,915.52 1,464.54 962.32 809.66