PETRONENGG

Petron Engineering Construction Ltd. has informed the Exchange that "our Company has received Letter of Intent from NIRMA LIMITED for Fabrication and Erection of Validation Project Expansion and Mechanical Piping for Net Gas Compressor for LAB Plant at Alindra, Dist. Baroda for a contract value of Rs. 1.25 Crores (Rupees One Crore Twenty-five lakhs Only)".

Petron Engineering Construction Ltd. has informed the Exchange that the company has received Letter of Intent from Indian Oil Corporation Limited for Composite Works of Continuous Catalytic Reforming Unit Revamp Project at Panipat Refinery, Panipat (Haryana) for a Contract Value of Rs. 9,95,68,868/- (Rupees Nine Crore Ninety-five Lakhs Sixty-Eight Thousand Eight Hundred Sixty-Eight Only).

Petron Engineering Construction Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended September 30, 2006 and found the same to be in order subject to certain observations. The auditor's observations are: In accordance, with the requirements of Accounting Standards on taxes on Income (AS22), the Company has not given effect to Deferred Tax Accounting for the period September 30, 2006. The Company is in the process of correctly quantifying the same and shall be accounted for in the Audited Accounts for the year

Petron Engineering Construction Ltd. has informed the Exchange that the Company has received two Letter of Intents from Sterlite Industries (I) Ltd., Tuticorin, as per the following details : 1) LOI for Mechanical Package for 5000 MT Sulfuric Acid Tank - Contract Value Rs. 1,95,00,000/- (Rupees One Crore Ninety-five Lakhs Only). 2) LOI for Supply, fabrication & Erection of Structural Steel and related Sheeting job for concentrate warehouse project - Contract Value Rs. 2,60,00,000/- (Rupees Two Crore Sixty Lakhs Only).

Petron Engineering Construction Ltd. has informed the Exchange that the Company has received Letter of Intent from Grasim Industries Limited (Aditya Birla Group) for Mechanical, Fabrication and Erection of Plant and Machinery and Laying of Refractories for their new Cement Project at Kotputli, Dist. Jaipur, Rajasthan for a total contract value of Rs. 50,00,00,000/- (Rupees Fifty Crores Only).

Petron Engineering Construction Ltd. has informed the Exchange that the Company has received a Letter of Intent from 'Heavy Engineering Industries & Shipbuilding Co, (K.S.C) in Kuwait, for Mechanical equipment installation, Piping Fabrication & Erection works and Steel Structural Erection works for Polyethylene Plant for a contract value of 1 Million Kuwaiti Dinar, which is equivalent to Rs. 15.5 crores (approx.)

Petron Engineering Construction Ltd. has informed the Exchange that the Company has appointed Mr. Madhukar Ambekar as Alternate Director to Mrs. Rajashree Dokras at a meeting held on October 31,2006.

Petron Engineering Construction Ltd. has informed the Exchange that the Company has appointed Mr. S. Balakrishnan as an Additional Director (Independent Non-Executive Director) on the Board at the meeting of the Board of Directors held on October 31,2006. With this, the strength of the Board of Directors has increased from seven to eight.

Petron Engineering Construction Ltd. has informed the Exchange that Company has received Letter of Intent from INDO GULF FERTILIZERS, a unit of Aditya Birla Nuvo Ltd., for erection and replacement of equipment & piping and providing crane for urea lining job, for a contract value of Rs. 3,57,00,000/- (Rupees Three Crores Fifty Seven Lacs only).

Petron Engineering Construction Ltd. has informed the Exchange that the Members of the Company by way of Postal Ballot have passed the following Ordinary Resolutions with requisite majority: 1) Authorizing the Board of Directors for transfer, sale and disposal of "PETRON RESORTS" (the Resorts/Hotels Undertaking) as a going concern with all assets and correlated liabilities / obligations. 2) Authorizing the Board of Directors of the Company to borrow upto Rs.200 Crores, over and above the aggregate of the Paid-up capital and free reserves of the Company. The details of the Result of Postal Ball

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has received Letter of Intent from Nagarjuna Fertilizers and Chemicals Limited for Complete Erection of Ammonia Converter with S-300 Basket for a contract value of Rs. 3,18,20,000/- (Rupees Three Crores Eighteen Lakhs Twenty Thousand Only).

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has received Letter of Intent from MADRAS CEMENTS LIMITED for Mechanical Fabrication and Erection Contract for their new Line 2 Cement Project at Jayanthipuram for a contract value of Rs. 12,43,48, 000/- (Rupees Twelve Crores Forty-three Lakhs Forty-eight Thousand Only).

Petron Engineering Cosntruction Ltd has informed the Exchange that the AGM of the Company was held on September 29, 2006, inter alia, have accorded to the following: (1) Declaration of Dividend on Equity Shares @ Re.1/- per Equity Share. (2) Re-appointment of Mr S. Sankaranarayanan and Mr. K. R. Shriram as Directors of the Company, liable to retire by rotation. (3) Appointment of M/s. M. S. Sankaran & Co., Chartered Accountants, Statutory Auditors of the Company to hold office from the conclusion of the AGM till the conclusion of the next AGM of the Company.

Petron Engineering Construction Ltd has informed the Exchange that the auditor's have conducted the limited review of the unaudited financial results for the quarter ended June 30, 2006 and found the same to be in order subject to certain observations. The auditor's observations are: In accordance, with the requirements of Accounting Standards on taxes on Income (AS22), the Company has not given effect to Deferred Tax Accounting for the period June 30, 2006. The Company is in the process of correctly quantifying the same and shall be accounted for in the Audited Accounts for the year ending Ma

Petron Engineering Cosntruction Ltd has informed the Exchange that the Board of Directors of the Company approved an enabling resolution for the sale and transfer of Petron Resorts (a Resort Division of the Company) subject to approval by the Shareholders of the Company under section 293(1) (a) of the Companies Act, 1956, by way of an Ordinary Resolution proposed to be passed by Postal Ballot pursuant to the provisions of Section 192A (2) of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001. The Board of Directors of the Company also appro

Petron Engineering Cosntruction Ltd has informed the Exchange that the meeting of the Board of Directors of the Company held on August 28, 2006 has concluded that the Board has recommended Dividend of Re. 1/- (10%) per Equity Share on 7538400 Equity Shares of Rs.10/- each for the year ended March 31, 2006, for declaration at the AGM proposed to be held on September 29, 2006.

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has announced the Book Closure from September 15, 2006 to September 29, 2006 (both days inclusive) for the purpose of pursuant to clause 16 of the Listing Agreement and U/s. 154 of the Companies act, 1956.

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has received Letter of Intent from HEURTEY PETROCHEM for Fabrication and Erection of Process Heaters for Reliance Petroleum Limited, Jamnagar for a value of Rs. 42,30,00,000/- (Rupees Forty-Two Crores Thirty Lakhs Only).

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has signed a Contract with National Cement Company, Yemen for a value of US$ 13,350,000, for Mechanical Erection of their Cement Plant in Yemen.

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has received an order from "Engineers India Limited", for restoration of Tatoray Heater in PX 2 project of "Indian Oil Corporation Limited", Panipat, Haryana, for a contract value of Rs.345 lacs.

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has received a letter of intent from Haldia Petrochemicals Ltd., for erection of two new SRT V furnaces for Ethylene Plant at HPL Complex, Haldia, West Bengal for a total Contract Value of Rs.2210 lakhs.

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has received a Letter of Intent from Bharat Heavy Electricals Limited for Erection, Testing and Commissioning of Power Cycle Piping and Auxiliary Piping for SG & TG and Supply and application of Painting for Unit - 4 of 2 X 500 MW at Sipat TPP, Bilaspur District Chattisgarh State, for a Total Contract Value of Rs.5,67,68,009/-.

Petron Engineering Construction Ltd has informed the Exchange that the Company has received a letter of intent from Utility Energytech Engineers Private Limited, Reliance Energy Tower, Noida 201301 (U.P.) for Erection, Testing, Commissioning, Trial Operation and Handing Over of Boiler Proper (2 Units) for 2 X 300 MW Deenbandhu Chhotu Ram Thermal Power Project (DCRTPP), Yamunanagar, Haryana, for an amount of Rs.2622.76 Lakhs.

Petron Engineering Cosntruction Ltd has submitted to the Exchange a copy of the Minutes of the AGM held on September 29, 2005 along with the Chairman's Statement. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).

Petron Engineering Cosntruction Ltd has informed the Exchange that Sharepro Services (India) Pvt. Ltd., are appointed as Agents for Physical as well as Electronic Transfer of the Shares. Further, the Agreement has been renewed for a further period of two years and accordingly Sharepro Services will be the Company's Registrar & Transfer Agents upto June 30, 2007.

Petron Engineering Cosntruction Ltd has informed the Exchange that UTI Mutual Fund has acquired 51,192 shares aggregating to 0.6789% of the total paid up capital of Petron Engineering Construction Ltd. on September 16, 2005. The mode of acquisition is through Secondary Market Purchase and the shareholding of UTI Mutual Fund after the said acquisition is 3,97,034 shares aggregating to 5.2657% of the total paid up capital of Petron Engineering Construction Ltd..

UTI Asset Management Company Pvt. Ltd has informed the Exchange that UTI Mutual Fund has acquired 51,192 shares aggregating to 0.6789% of the total paid up capital of Petron Engineering Construction Ltd. on September 16, 2005. The mode of acquisition is through Secondary Market Purchase and the shareholding of UTI Mutual Fund after the said acquisition is 3,97,034 shares aggregating to 5.2657% of the total paid up capital of Petron Engineering Construction Ltd..

Petron Engineering Cosntruction Ltd has informed the Exchange that at the meeting of the Board of Directors of the Company held on August 19, 2005, the Board has recommended Dividend of Re.1/- (10%) per Equity Share on Equity Shares of Rs.10/- each for the year ended March 31, 2005, for declaration at the AGM proposed to be held on September 29, 2005.

Petron Engineering Cosntruction Ltd has informed the Exchange that the Company has announced book closure from September 15, 2005 to September 29, 2005 for the purpose of Dividend @ Re.1/- per share.

Petron Engineering Cosntruction Ltd has informed the Exchange that the AGM of the company will be held on September 29,2005.

Clarification of News : The press had reports that Petron Engineering Cosntruction Limited has got orders from Indian Oil Corporation and Bharat Heavy Electricals Limited. Further, the company has also obtained an order worth 15 million euros for a cement plant from a Nigerian firm and an export order from the Kuwaiti Government could also be in the offing. The Exchange, in order to verify the accuracy or otherwise of the information reported in the press and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company. Petron