Engineers India

The Directors have great pleasure in presenting the 43rd Annual Report
 together with audited accounts of the Company for the year ended 31st
 March 2008 along with Audited Statement of Accounts, the Auditors
 Report and Review of the Accounts by the Comptroller and Auditor
 General of India.  2007-08 in Retrospect
 
 EIL continued its good performance during the year 2007-08. The salient
 features are as follows:
 
 - Turnover : Rs. 73775 lakhs Profit Before Tax (PBT): Rs. 29388 lakhs
 
 - Profit After Tax (PAT): Rs. 19460 lakhs
 
 Turnover from Companys core consultancy business increased y-o-y by
 27% to Rs. 62144 lakhs. The LSTK business contributed Rs.  11631 lakhs
 to the turnover.
 
 Dividend
 
 The Board of Directors of the Company has recommended a final dividend
 of 70% on the paid up share capital as on 31st March 2008, in addition
 to 40% interim dividend already paid during the year.  With this the
 total dividend for the year works out to 110 % on the paid up capital
 with a total sum of Rs.7206 lakhs (including tax on dividend amounting
 to Rs.1029 lakhs). Payment of final dividend is subject to the approval
 of the shareholders in the Annual General Meeting.
 
 Management Discussion & Analysis
 
 A separate report on Management Discussion and Analysis is annexed to
 this Report.
 
 Sector-wise details of operations of the Company are given below :
 
 Petroleum Refineries
 
 The Refining sector continued to play a significant role in Companys
 business. During the year, following major jobs were completed/nearing
 completion:
 
 - Refinery Project of Essar Oil at Vadinar - All main downstream units
 have been commissioned and the Refinery is operating at its rated
 capacity of 10.5 MMTPA.
 
 - Green Fuel & Emission Control Project of HPCL, Mumbai-AII units have
 been mechanically completed. Utilities & Offsites are at an advanced
 stage of completion.
 
 - Clean Fuel Project at Visakh Refinery of HPCL - Construction
 activities of the project are nearing completion. Work execution in a
 running refinery with highest safety standards and sequential execution
 of various activities by removing the encumbrances in the existing
 facilities was a major challenge for EIL. The project is likely to be
 mechanically completed by September 2008.  Diesel Hydrotreater Project
 (DHDT) of BRPL is at an advanced stage of construction.
 
 Work progressed well on the grass roots 6 MMTPA Bina Refinery of BORL
 for which EIL is providing EPCM services. The Refinery consists of
 Crude and Vacuum Unit, full conversion Hydrocracker Unit, Diesel
 Hydrotreater, Naphtha Hydrotreater/CCR, Isomerization Unit, Delayed
 Coking Unit, Hydrogen Generation Units & Sulphur Recovery Unit. The
 Refinery shall meet the norms of Euro- Ill and Euro -IV specifications.
 The project is expected to be completed as per schedule by December
 2009.  Work on the Capacity Expansion- cum- Modernization Project
 Phase-ll of Kochi Refinery of BPCL, for which EIL is providing EPCM
 services, progressed well. EIL scope of work includes revamping of
 existing CDU, Utilities & Offsites and also the new units including
 VGO-HDS, NHT/CCR and Sulphur Block. The project is scheduled for
 completion by October 2009.  Mangalore Refinery Capacity Expansion and
 Upgradation Project Phase III of MRPL made significant progress by way
 of completion of several pre-project and licensor selection activities.
 Activities relating to FEED and detailed engineering for offsites are
 in full swing.  A large number of new jobs were secured by EIL during
 the year and work commenced on all the projects. These include EPCM
 services for the following projects:
 
 - 9 MMTPA Guru Gobind Singh Refinery Project of HMEL, a joint venture
 company of HPCL and Mittal Energy. This is the highest value contract
 ever bagged by EIL against stiff competition with major international
 companies.
 
 - FCC Project at Mumbai Refinery of HPCL.
 
 - Propylene Recovery Unit Phase-ll of Kochi Refinery of BPCL.
 
 - DHDS Revamp at Mumbai Refinery of BPCL.
 
 - Bina Dispatch Terminal of BPCL.
 
 - MS Block Hook-ups at Mumbai Refinery of HPCL.
 
 - New Coke Chamber and Allied Facilities in existing Delayed Coking
 Unit of Guwahati Refinery of IOCL.
 
 A number of studies and DFRs are in progress which are expected to
 result in additional business. Some of the significant ones are for a
 grass roots refinery at Kakinada and existing refineries at Numaligarh,
 Barauni, Visakh and Chennai.
 
 Petrochemicals
 
 The new HDPE Unit of Petrochemicals Complex at Pata of GAIL has been
 mechanically completed in September 2007 and successfully taken into
 commercial production in December 2007. Work on Panipat Naphtha Cracker
 Project of IOCL, one of the prestigious grass roots Petrochemical
 Projects being handled by EIL, progressed well. Engineering and
 procurement activities are nearing completion and construction
 activities are at their peak. The Utilities & Offsite facilities are
 expected to be commissioned in the first quarter of 2009 while the
 Cracker is expected to go on stream in the fourth quarter of 2009.
 Further downstream polymer plants will be commissioned by end 2009.
 
 During the year, EIL was awarded EPCM contract for the grass roots
 Petrochemicals Complex, being set up at Lepetkata near Dibrugarh as
 part of the Assam accord of Brahmaputra Cracker and Polymers Ltd.
 (BCPL).
 
 This project is scheduled to be completed in 60 months from September
 2007. The project consists of upstream gas processing units, dual feed
 i.e. Gas-cum- Naphtha Cracker of 2,20,000 TPA ethylene capacity,
 downstream polymer units of 2,20,000 TPA LLDPE / HDPE (Swing) and
 60,000 TPA Polypropylene and associated offsites & utilities.
 
 EIL was also awarded the preparation of a feasibility report for
 setting up a Polypropylene Complex at Mangalore based on propylene
 recovered from FCCU LPG for ONGC Mangalore Petrochemicals Limited. This
 route was selected after analyzing the economics vis-a-vis the
 alternative route of propane dehydrogenation.  
 
 Pipelines
 
 In the field of Pipelines, EIL continued to provide extensive services
 for a large number of pipeline projects for various customers.
 Approximately 1500 km. of pipeline projects were completed during the
 year. Prominent among them are:
 
 - 340 km. Dabhol-Panvel Gas Pipeline of GAIL
 
 - 1066 km.  Mundra-Delhi Multi-Product Pipeline of HPCL
 
 Work on 660 km. Numaligarh-Siliguri Pipeline of Oil India has reached
 the completion stage.  The 935 km. Vadinar-Bina Pipeline for
 transportation of crude oil to Bina Refinery is in the execution stage
 and the construction activities of this project are expected to be
 completed by December 2008 in line with requirement of the refinery
 project.
 
 The 1012 km. Mundra-Bathinda Crude Oil Pipeline of HMPL for
 transporting crude to the Guru Gobind Singh Refinery Project is at
 engineering stage and the construction activities are expected to be
 taken up by October 2008.
 
 During the period EIL bagged the prestigious 588 km.
 Vijaipur-Dadri-Bawana Gas Pipeline Project of GAIL besides Bina - Kota
 Pipeline Project of BPCL.  
 
 Offshore Oil & Gas
 
 Consultancy services were provided to various offshore projects of
 ONGC, notably the Vasai East Development, 26 Well .Platforms,
 SH-Reconstruction, NQ- Reconstruction, B-22 Cluster Marginal Field
 Development Project, Onshore Control Centre for Offshore Operations,
 and many revamp projects for their different operational groups. An
 umbrella MoA has been signed with ONGC based on which more projects are
 likely to be awarded to EIL in the coming years. Similar services are
 being provided to Gujarat State Petroleum Corporation for the
 development of their Deen Dayal Field.  
 
 Onshore Oil & Gas
 
 LNG storage and regassification terminals offer good business potential
 with several new projects either being planned or under execution. EIL
 had made an entry into this area using tie-ups with foreign backup
 consultants.  With experience gained from the ongoing projects, EIL is
 in a position to take up further assignments on its own.  Work on
 Expansion of Dahej LNG Terminal of Petronet LNG Ltd. from 5 MMTPA to 10
 MMTPA for which EIL is providing PMC services progressed well.
 Construction is now in full swing after completion of engineering and
 procurement. It is expected that the expansion project will be
 commissioned by end December 2008.
 
 ONGC projects for Revamp of GGS-1 and GGS-2 at Rudrasagar, Assam as
 well as for HP Compressors Plant at Geleki, Assam progressed during the
 year.
 
 Strategic Storages
 
 The Government of India had approved setting up strategic crude oil
 storages in the country at three locations, viz., Visakhapatnam,
 Mangalore and Padur (Distt. Udupi, Karnataka).
 
 EIL has been engaged as Project Management Consultant by Indian
 Strategic Petroleum Reserves Ltd., (ISPRL), a special purpose vehicle
 created by the Government for designing, building, operating and
 maintaining the storage facilities.
 
 The underground civil works for rock caverns at Visakhapatnam have been
 awarded and the facility is expected to be completed by early 2011.
 
 As regards the Mangalore Storage, ISPRL have awarded the PMC work to
 EIL, which progressed well.
 
 Pre-project activities are in progress for the third storage coming up
 at Padur.
 
 Work on Pre-feasibility report to identify feasible locations for
 underground gas storage is also in progress.
 
 Metallurgy
 
 Services are being provided to clients in private and public sectors,
 both in India and abroad.
 
 Muri Alumina Refinery Expansion Project of HINDALCO was successfully
 completed.  Work on 2nd Phase Expansion Project of NALCO covering
 Bauxite Mines at Panchpatmati, Alumina Refinery at Damanjodi and
 Smelter at Angul are under advanced phase of construction. These are
 slated for commissioning in the later part of 2008-09.
 
 EIL was successful in bagging the green field 1.4 MMTPA Alumina
 Refinery Project of JSW Alumina Ltd. Work on this project progressed
 well. EIL also bagged the rectifier replacement assignment for a
 Smelter from ALBA, Bahrain.
 
 A number of Pre-feasibility / Feasibiliy / Project reports were
 completed during the year for green field Aluminium Complexes of NALCO,
 Euro Ceramics & CPFL in Orissa; NALCOs Alumina Refinery Upgradation
 and Thickened Tailing Disposal at HCL, Khetri.
 
 Other assignments in progress are:
 
 - Pre-project activities for Thickened Tailing System of HCL at Khetri.
 
 - Assistance to Ministry of Earth Sciences for Polymetallic Nodules
 Programme.
 
 - Feasibility Report on Gallium Project for NALCO.
 
 - Feasibility Report on Iron Ore Handling at Kirundul for NMDC
 
 - Project Appraisal Report and Feasibility Report for green field
 Aluminium Complex in Orissa for Aditya Aluminium Ltd.
 
 - Neutralisation Scheme for Sodic Condensate at Damanjodi for NALCO.
 
 - Reclaimer and associated facilities at Damanjodi for NALCO.
 
 Turnkey Projects
 
 In what is expected to be a trend setting decision for project
 execution in the Hydrocarbon Industry, CPCL awarded the Euro-IV Quality
 Upgradation Project to EIL on Open Book Estimate (OBE) convertible to
 LSTK basis.The project involves setting up a high severity Diesel
 Hydrotreater Unit of 1.7 MMTPA capacity. The other units as part of the
 project include 0.2 MMTPA Naphtha Hydrotreater and 0.14 MMTPA
 Isomerisation Unit to upgrade the gasoline octane pool. The front-end
 activities and procurement activities of the project are in full swing
 and substantial progress has been achieved.  The project is scheduled
 for completion by May 2010.  The OBE approach is expected to save time
 and cost as compared to the normal LSTK route.  After successfully
 completing the Paraxylene Plant of IOCL on LSTK basis, EIL is currently
 executing an LLDPE- HDPE (Swing Unit) on LSTK basis, which is a part of
 lOCLs Panipat Naphtha Cracker Project (PNCP). The capacity of the unit
 is 3,50,000 TPA and the project is to be mechanically completed in 32
 months.
 
 Overseas Assignments
 
 Overseas, your Company was successful in securing several orders in its
 fields of operation and served customers in Algeria, Bahrain, Iran,
 Kuwait, Oman, Qatar and UAE.  Assignments completed during the year
 include:
 
 - Engineering Services for an Aromatics Complex of PIC in Kuwait.
 
 - Heaters & Boilers Safety Upgradation and Emission Control Project at
 Shuaiba Refinery for Heavy Engineering Industries & Shipbuilding Co.
 (K.S.C.), Kuwait.
 
 - Managing Contractors Services to Arya Sasol Company, Iran for 9th
 Olefins Complex.
 
 - PMC services for Gasoline Storage Tanks for Qatar Fuel Co. (WOQOD),
 Qatar.
 
 - Static and dynamic analysis of piping for Polypropylene Unit of
 Equate Petrochemical Company, Kuwait.
 
 - PMC services for Utilities & Offsites for Fajr-2 Project of Fair
 Petrochemical Co., Iran.
 
 Work on the ongoing assignments in Algeria viz., PMC services for
 Rehabilitation and Adaptation of NAFTECs Skikda Refinery and
 Development of SONATRACHs Engineering Capabilities progressed well
 during the year.  PMC Services for following projects were awarded
 during the year and are progressing in full swing :
 
 - Olefins Conversion Unit and Polypropylene Units of Abu Dhabi Polymer
 Company Limited (Borouge) at Ruwais, Abu Dhabi.
 
 - Rehabilitation and Adaptation of Algiers Refinery of NAFTEC, Algeria.
 
 - ABBR Modification Project of GASCO,Abu Dhabi.
 
 - Replacement of NGL Pipeline Network Project of GASCO, Abu Dhabi.
 
 Front End Engineering Design (FEED) of Omans first Asphalt Plant
 awarded during the year also progressed well.
 
 The assignments in Abadan Refinery Phase-Ill, Iran and PNG Fertilizer
 Complex, Papua New Guinea had to be suspended during the year pending
 the availability of certain statutory approvals and other requirements
 by the clients in their respective countries.
 
 Engineering
 
 Engineering Division continued its pursuit of excellence by providing
 engineering services to various projects executed by EIL within and
 outside India. Some of the major achievements during the year include:
 
 - Design and engineering for the strategic storage of crude oil (1.33
 million MT) in underground rock cavern at Visakhapatnam was taken up in
 full swing.  This is being done for the first time in India.
 
 - Involvement in technology development for Spar Floating Platform an
 emerging and most promising option for oil & gas exploration in deep
 water. A paper titled Nonlinear Coupled Dynamic Response of a Spar
 Mooring System authored by an EIL specialist was also presented at
 Offshore Asia 2008 Conference in Kuala Lumpur, Malaysia.
 
 - Use of Finite Element Method (FEM) for state-of-art transient dynamic
 analysis of control room building for KPPC, Kuwait for the first time
 in EIL, as a part of engineering services offered to Tecnimont, Italy.
 
 - EIL sponsored and actively participated in ASME India Oil & Gas
 Pipeline Conference held in New Delhi and a paper on Evaluation of
 Pipeline Coatings for Long Term Performance was presented by a
 pipeline engineering specialist from EIL.
 
 - Procurement engineering for 8 MW Hydrogen make-up gas reciprocating
 compressor, one of the biggest procured so far, which is the heart of
 HCU and DHDT Units of Bina Refinery.
 
 - Procurement engineering for 8000 M3/hr, 62M total dynamic head
 Cooling Water Pumps (1 8 nos.), the biggest procured so far by EIL, for
 IOCL PNCP Complex, Panipat.
 
 - Engineering for 350,000 TPA LLDPE/HDPE Swing Unit for IOCL Panipat,
 with one of the largest Twin Screw Co-rotating Extruder of 58 TPH
 capacity for pelletization.
 
 - Implementation of Hyper Dense Phase System (HDPS), latest developed
 by ALCAN for feeding alumina in electrolytic pots of NALCO Smelter, for
 the first time in the country.
 
 - Successful SIL verification & validation for LLDPE / HOPE Swing unit
 of IOCL, Panipat based on in-house capabilities.
 
 In this era of global competition, the Engineering Division assigned
 utmost importance to:
 
 - Training of newly inducted personnel at entry and lower middle levels
 
 - Implementation of web-based electronic Document Management System
 (eDMS) for structured Knowledge Management (KM)
 
 - Developing capabilities in new frontiers of technology
 
 - Developing/acquiring latest software tools, etc.
 
 It is expected that the KM would help to benchmark quality for future
 works and provide a yardstick for work improvement. It is also expected
 that available past data in electronic form would facilitate quicker
 design outputs for future assignments.
 
 Project Services
 
 Project Services Department provides critical support from planning
 till completion and close-out of projects.  The Department employs
 state-of-the-art tools updated to the latest versions available,
 particularly for Primavera and Pertmaster for project planning &
 scheduling activities.The Department caters to the diverse roles of the
 Company viz. EPCM, PMC, LSTK & OBE by developing tailor-made procedures
 that are continuously updated for optimum utilization.
 
 The Department provides services for preparation of project cost
 estimates and economic analysis in diverse activities ranging from
 technology selection to preparation of feasibility reports and
 execution of projects on conventional and LSTK basis. The vast data
 base and capabilities also provide effective cost control services.
 The estimating capabilities also provide invaluable support for
 evaluation of bids and award of major contracts for hardware,
 construction & services.  Apart from providing services to our ongoing
 projects, the Project Control Services Department has, over the years,
 provided third party monitoring services to various clients including
 the Monitoring Cell set up in the Ministry of Petroleum & Natural Gas.
 During the year the Company provided monitoring services for 58
 projects under execution by 12 project owners. The fact that such
 services have been provided for the 26th successive year is indicative
 of the recognition of the capabilities of the Department and the faith
 reposed in them by the Ministry of Petroleum & Natural Gas.  
 
 Regional Office, Chennai
 
 Regional Office in Chennai (ROC) caters mainly to the clients located
 in southern region viz. CPCL, HPCL- Visakh, BPCL- Kochi Refinery, ONGC,
 etc. Significant progress was achieved on following ongoing jobs where
 EIL is providing consultancy services:
 
 - Offsites & Utilities of Capacity Expansion- cum- Modernisation
 Project Phase-llof Kochi Refinery.
 
 - Capital Dredging of Ennore Port for Ennore Port Limited, Chennai.
 
 - Creation of Low Pressure Gas Compression Facilities for ONGC at
 Rajahmundry.
 
 - New Crude Tanks Project of CPCL, Chennai.
 
 - CDU / VDU / NSU of Bina Refinery Project of BORL.
 
 - Visakh Refinery Clean Fuel Project- FCCU-II Revamp and Utilities &
 Offsites.
 
 During the year, ROC also commenced work on the following jobs which
 are at various stages of implementation:
 
 - EPCM services for CDU/VDU-III Revamp Project of CPCL, Chennai.
 
 - EPCM services for NHT/CRU Revamp Project of CPCL, Chennai.
 
 Regional Office, Kolkata
 
 The Regional Office in Kolkata (ROK) is providing services to clients
 of the eastern and north eastern region. Work progressed well on the
 jobs handled by ROK during the year. The jobs included Siliguri
 Marketing Terminal of NRL; Mounded LPG Bullet Project of Oil India;
 Offsites & Utilities of DHDT, Pre-treater/Reformer Revamp Project and
 Installation of 4 New Reactors of BRPL; Modernization of Coke Chambers
 of IOCL; BDEP for Fuel Gas Sweetening Unit (FGSU) and ARU of NRL.
 Company has procured 3D Plant Modeling Software facility at ROK for
 which designers are being trained on the terminals.
 
 Regional Office, Vadodara
 
 Regional Office in Vadodara (ROV) is handling various jobs in the
 western region. Significant progress was achieved on the ongoing
 projects handled by ROV, including the following :
 
 - Vadinar Crude Oil Terminal for Bina Refinery.
 
 - Tank Farm Modification for HPCL, Mumbai.
 
 - DHDS Revamp for BPCL, Mumbai.
 
 - Tankage & associated works for HPCL, Mumbai.
 
 - Mundra Crude Oil Terminal of Guru Gobind Singh Refinery.
 
 ROV secured a number of consultancy jobs during the year including the
 following:
 
 - 11 Crude and Gas Processing projects of ONGC Uran, out of which three
 have been completed and balance are under progress.
 
 - MS Block of HPCL, Mumbai.
 
 - Gasoline Splitter of BPCL, Mumbai.
 
 - New ETP Plant for ONGC, Hazira.
 
 - Electrical System Revamp for ONGC, Hazira.
 
 - New FCC Unit of HPCL Mumbai.
 
 Construction Management
 
 Construction Division continued to provide Construction Management
 Services for various clients at domestic and overseas locations. During
 the year 2007-2008, 9 new domestic locations and 2 new overseas
 locations were established by the Construction Division. At the same
 time, 4 domestic locations and 2 overseas locations were closed down on
 completion of the projects. At the end of March 2008, 37 domestic
 locations and 7 overseas locations were operational. The services
 rendered include Resource Planning, Contract Administration,
 Construction Planning & Co-ordination, Progress Monitoring and
 Reporting, Materials Management, Construction Quality Assurance and
 Health, Safety & Environment Management for projects in Petrochemicals,
 Refineries, Cross-country Pipelines, Gas Processing Complexes, LNG
 Terminals, Non-ferrous Metallurgy and Offshore. Projects for which
 mechanical completion was achieved during the year include Dabhol-
 Panvel Pipeline Ph-I of GAIL; Mundra-Delhi Pipeline of HPCL; Essar
 Refinery; HDPE plant of GAIL at Pata; SHAR Centre at Sriharikota; Muri
 Alumina Refinery Expansion Project of HINDALCO; Gasoline Storage of
 WOQOD, Qatar; Crude Oil Tankages at Abadan Refinery and Olefins Complex
 in Iran.
 
 New projects started during the year include Euro-IV Project of CPCL;
 Revamp of CDU/VDU & NHT/CRU of CPCL, Brahamputra Petrochemical Complex
 of BCPL in Assam, MRPL Ph-lll, Guru Gobind Singh Refinery Project of
 HMEL at Bathinda, Capital dredging of Ennore Port at Chennai, Strategic
 Crude Storage of ISPRL at Visakhapatnam, Vadinar-Bina Pipeline of BORL
 and Mounded Bullets of Oil India at Duliajan.  Overseas construction
 sites in Iran, Abu Dhabi and Algeria have been maintained during
 2007-2008.  EIL was selected among the Top 10 Most Admired Companies in
 2007 by the Construction World-a Business Magazine and awarded
 Construction World- NICMAR Award 2007.
 
 Your Company attaches highest importance to HSE Policy in execution of
 all its projects. In pursuance of this objective, during the year, 20
 construction employees were nominated for NEBOSH international
 certification course in Occupational Health & Safety which helped them
 in updating HSE norms/practices followed at international level besides
 enhancing their working knowledge in the field of HSE.  Process Design
 & Development The Process Design & Development Division continued to
 serve various clients during the year. Process design work for various
 open art process units & utility systems for the following projects was
 carried out:
 
 - Refinery Expansion and Upgradation Project Phase- Ill of MRPL.
 
 - Guru Gobind Singh Refinery Project of HMEL.
 
 - Capacity Expansion & Modernization Project Phase III of BPCLs Kochi
 Refinery.
 
 - Euro IV Project of CPCL.
 
 Skikda Refinery of NAFTEC, Algeria.
 
 The Division also completed the technology selection for licensed
 processes for Guru Gobind Singh Refinery and HPCL Visakh projects. The
 linear programming capabilities were used to optimize refinery
 configuration for Algiers Refinery.
 
 The Division continued to work on the commercialization of technologies
 based on indigenous know-how in association with IOCL-R&D. During the
 year, the basic design and engineering package for the conversion of
 the existing Xylene Isomerization Unit of BRPL to light Naphtha
 Isomerization for the production of Isomerate, a Gasoline blending
 component, was finalized. Other potential processes for the preparation
 of design packages based on know-how developed by IOCL - R&D and in
 house R&D have also been identified.  
 
 Research & Development
 
 EIL continues to lay emphasis on the role of R&D in the consolidation
 of existing capabilities, development of new technologies & hardware
 and enhancement of the portfolio for special technology related
 services.  Accordingly, the R&D Division is pursuing developmental
 activities, both in house and in collaboration with other R&D
 institutes/organizations like IOCL-R&D, IIP, BPCL- R&D, etc.
 
 During the year, the Division has initiated commercialization of the
 following :
 
 - Oxygen enriched Claus Process for enhancing capacity of an existing
 Sulphur Recovery Unit.
 
 - Enhancing the recovery of LPG from Natural Gas in an existing gas
 processing plant, using an innovative approach.
 
 The CFC technology, developed in association with IOCL-R&D, has
 performed successfully in BPCLs Kochi Refinery and refineries of IOCL
 at Guwahati and Barauni.  The contactor that was developed specifically
 for this process has been granted a US patent and has also won
 recognition from the WIPO. The process for treatment of LPG will also
 be used in the ongoing refinery projects of MRPL, BORL,-BRPL, IOCL
 (Paradip Refinery) and HMEL.  The Division has also been assigned the
 Basic Design Package for LPG treatment unit (based on conventional
 treatment process) for Lukoil. in Russia through CBI - Lummus.
 
 The Division is providing value added services to various clients,
 including :
 
 - Ministry of Earth Sciences (MoES) for the Polymetallic Nodules
 programme.
 
 - CFD studies for ONGC. This is a new area, not previously covered in
 R&D studies and addresses the interaction of hot flue gases from
 turbine exhausts with landing/take off of helicopters on the platform
 with the objective of ensuring safe take off / landing of helicopters
 by modifying the routing of exhaust gases. The study has been
 appreciated by ONGC and is expected to lead to similar studies for a
 number of platforms.
 
 - Large scale column testing of packings for Air Products & Chemicals
 Inc, USA.
 
 The Division also plans to carry out studies on Coal/Coke gasification
 and gas clean up in association with BPCL R&D and has also been
 assisting Oil India in the evaluation of pilot plant studies on Direct
 Coal Liquefaction.
 
 The Division has filed applications for two patents based on innovative
 work done during the year.
 
 Plant Operation & Safety
 
 Plant Operation and Safety Division (POSD) has been actively engaged in
 jobs pertaining to Process Design of Offsite Facilities/Terminals,
 Safety Studies & Plant Operations.
 
 Major assignments completed by the Division during the year include:
 
 - HAZOP and Process Design of Offsite Storage & Product Dispatch
 Facilities for NAFTEC Refinery at Skikda, Algeria.
 
 - Process Design of Offsite Storage & Product Transfer Facilities for
 Bina Refinery.
 
 - Intermediate storage and transfer facility of MSQU Project, BPCL
 Kochi Refinery.
 
 - HAZOP and SIL & ALAP study of New Fuel Depot for KAFCO, Kuwait.
 
 - Green Fuel & Emission Control Project at Mumbai Refinery of HPCL
 pre-commissioning and commissioning activities have been initiated.
 
 Other major assignments in progress include:
 
 - Process Design Package of topside facilities for Strategic Storage of
 crude oil for ISPRL at Visakhapatnam.
 
 - Process Design of Crude, Intermediate & Product Storage and Transfer
 Facilities for MRPL.
 
 - Storage and Transfer Facilities for the Guru Gobind Singh Refinery
 of HMEL at Bathinda.
 
 Heat & Mass Transfer
 
 The Heat & Mass Transfer Division continued to provide
 thermal/hydraulic design for Heat Exchangers, Fired Heaters,
 Columnjnternals and detailed engineering for Fired Heaters, Ejectors,
 etc. for the ongoing grass roots and revamp projects.
 
 The Division also handled process activities for offshore work, mainly
 for ongoing jobs of ONGC and adequacy studies of offshore and onshore
 facilities for performance enhancement/improvement for ZADCO, Abu
 Dhabi.  The use of EIL developed structured packing to achieve
 reduction in Glycol losses in a Glycol Contacting system for ONGC is
 another instance of utilizing indigenously developed hardware. With a
 view to adding value to its capabilities, the Division has also
 embarked successfully into the area of carrying out thermal design for
 high pressure heat exchangers for Hydrotreating / Hydrocracking units,
 providing cost benefits to the clients since detailed mechanical design
 and fabrication is now possible by a number of suppliers thus
 increasing competition.
 
 The brand EIL expanded further in the international market in the
 field of Air-Preheaters, with its licensee receiving export orders from
 Hyundai Oil, Tecnimont, Bangchak Refinery, KTI Poland and Angelique
 International Ltd for supply of cast and glass air preheaters based on
 EIL design for clients in Korea, Kuwait, Thailand, Poland and Myanmar.
 The Division conducted the trouble shooting consultancy services for
 Hot Oil Heater of Garware Polyesters, Aurangabad for improving thermal
 efficiency and incorporating advanced control philosophy and also
 carried out the adequacy check for Xylene Reformer furnaces of BRPL
 including recommending remedial measures for problems faced by Client
 in the Air Preheating System.
 
 Specialist Materials and Maintenance Services The Division continued to
 provide specialist services for ongoing projects, carry out studies to
 tackle specific problems and to look into areas of diversification
 through in house efforts as well as collaborations.  Some of the key
 jobs undertaken include:
 
 - Contributing towards quality assurance of materials and equipment in
 a changing scenario with respect to vendors capabilities.
 
 - Study of the integrity of process units in the event of processing of
 napthenic acid crude in units not specifically designed for handling
 such feed.
 
 - Selection of Material of Construction for processing high TAN crude
 and condensate refinery, repair and rehabilitation of corrosion
 affected circuits in OHCU column, repair of failed high alloy support
 beams in a Coker heater, revival of Cathodic Protection system for LNG
 jetty, rationalization of high sensitivity inspection requirements for
 thick walled hydro -treating reactors, development of corrosion
 inhibitor system for cross country pipelines, etc.
 
 - Services for blast proofing of an existing refinery control room,
 modification of CO-duct in an FCCU, ROV-CP survey of submarine
 pipelines and assessment of top side facilities of offshore platforms,
 assessment of 36 crude pipeline, both offshore and onshore, and study
 of implementation of Risk Based Inspection in Indian refineries and
 petrochemical plants.
 
 Environment Engineering
 
 Environment Engineering Division has been a hub of activities in line
 with the ongoing developments in oil & gas sector. Stricter
 environmental norms and stipulations calling for recycle / reuse of
 treated waste water have given a new dimension to the environment
 management activities. The Division has been instrumental in
 implementation of several new technologies.  Approaching zero discharge
 options, control of volatile organic compounds, green house gas
 emission abatement, contained biological treatment of oily & hazardous
 waste and desalination of sea water to achieve raw water quality were
 some of the assignments carried out during the year. Following are the
 important achievements:
 
 - Successful commissioning of sea water desalination plant at HPCL,
 Visakh
 
 - Implementation of state-of-the-art technologies for the first time in
 India for the sequential batch reactor, membrane bio-reactor, reverse
 osmosis involved in recycle and reuse of treated waste water and
 treatment of oily sludges at HPCL, Mumbai and for BORL at Bina.
 
 - Successfully assisted the clients in obtaining environmental
 clearance for Guru Gobind Singh Refinery Project of HMEL and Mathura
 Refinery of IOCL.
 
 - Secured landfill for hazardous waste disposal and volatile organic
 compound collection and treatment at IOCL, Panipat, implemented for the
 first time in Indian hydrocarbon industry.
 
 Information Technology
 
 Your Company has taken major enhancement drive in terms of improving
 the communication network of all EIL offices for efficient data
 transfer and connectivity.  
 
 The activities undertaken include:
 
 - Connecting all the major offices including Regional Offices, Regional
 Procurement Offices and Site Offices on MPLS - VPN which provides for
 secured data transfer among these locations of EIL.
 
 - Upgrading the computing environment and initiating procurement action
 for state-of-the-art LAN connectivity within HO with Giga Bit speed
 switches and email server.
 
 - Automation of many areas of manual activities in the areas of Finance
 & Accounts and HR continued to be implemented thus providing value
 added services to both internal users and external clients.
 
 - Setting up of additional video conferencing facilities to cater to
 the requirements of various offices / divisions as well as project
 sites. It would result in better coordination of work and also saving
 in terms of reduced travel.
 
 - IT infrastructure for electronic data and document transfer & access
 to various software packages for new projects e.g. Guru Gobind Singh
 Refinery Project has already been put in place.
 
 The Division has also initiated implementation of an Electronic
 Document Management System (EDMS) to automate work flows and create a
 repository for important documents for future Knowledge Management
 requirements.
 
 Procurement Services
 
 The Procurement Services Division continued to manage the complete
 supply chain function for various ongoing projects since it is a key
 pre-requisite for successful project execution. During the current
 year, Rs.600 Crores of direct purchases/sub-contracts were done, from
 all over the world, for various LSTK contracts. Besides this, Rs. 7200
 Crores of goods and services were procured for various projects.
 
 The Division attaches highest importance to transparency, efficiency
 and compliance to rules applicable for public procurement at the same
 time meeting project deadlines.  Almost all the Contracting and
 Purchase activities are IT enabled, thus allowing standardized
 documentation and improving process efficiency. The Division
 successfully conducted several large value Reverse Auctions resulting
 in intense competition and savings to the clients.  The Division
 carried out in-process and pre-dispatch inspection of various complex
 equipments at the Suppliers Works through its Regional Inspection
 Office setups located all over the country and also in London and
 Italy. This includes inspection of more than 1 000 Km line pipes of 24
 and 30 sizes in the pipe mills of various suppliers for projects of
 BORL and GAIL.
 
 The Division is on a continuous lookout for identifying capable vendors
 and suppliers for which on-line registration, evaluation and data bank
 is an ongoing activity. This helps the Company and its clients in
 sourcing material from all over the globe at competitive prices and
 secure faster deliveries.  
 
 Infrastructure
 
 The Infrastructure Division is providing Project Management Services,
 Third Party Inspection Services, services as Independent Engineer and
 has also taken work on deposit concept of CPWD / Government of India.
 
 Strong Indian economy and its continuous growth have given a spiraling
 effect to the requirement of infrastructure in the country. The
 Government of India/State Governments have committed huge sums to be
 spent on Infrastructure development through their various schemes which
 have been offered alternative opportunities for EILs growth in the
 Infrastructure Sector.  
 
 The Division is involved in the prestigious projects including Supreme
 Court monitored Yamuna Action Plan in which entire gamut of laying of
 Interceptor Sewers is included, Rugby Stadium and other sport venues
 for Commonwealth Games 2010 and Archeological Redevelopment of
 Connaught Place, New Delhi.  yVhile Infrastructure Division has been
 able to gain a foot hold through consultancy assignments in related
 fields, efforts are on to venture into development of Airports, Real
 Estate & IT Parks.  Quality Management System The Directors of your
 company are pleased to report, that the quality management system in
 respect of its services has been working satisfactorily, as assessed by
 surveillance quality audits, to ISO-9001:2000 version standard by our
 certification agency, during the period under review.
 
 The most important ingredient of our quality initiative is planning,
 achieving and monitoring Quality Objectives every year at departmental
 level. All HODs are regularly monitoring and reporting the departmental
 objectives to top management. Improvement is achieved in each process
 through Management by Objective. With Quality as a tool we are cutting
 project cost, shortening project completion period, increasing safety
 without effecting the environment.
 
 The wholly owned subsidiary of your Company Certification Engineers
 International Limited got certified as per ISO-9001:2000 standard for
 the first time with in-house expertise from parent company. Quality
 management system of EIL, Abu Dhabi was surveillance audited and
 certified as per ISO-9001:2000 for current year. In addition, your
 company participated at International Organization of Standard (ISO)
 meeting for formulation of Quality Management System Standards.
 
 All EIL employees understand When youre out of qualify, youre out of
 business Vigilance .
 
 During the last financial year, vigilance activities such as
 investigation of complaints, inspection of files pertaining to in-house
 contract / purchases, scrutiny of Immovable Property Returns, Internal
 Audit Reports, etc. were carried out dedicatedly by the Vigilance
 Department with the focused objective of ensuring conformity to the
 company procedure and Government guidelines. The observations reported
 by CTE / CVC during the intensive examination of works pertaining to
 EIL were examined and necessary action was taken. Several system
 improvements were made as a consequence of these inspections.
 Workshops on Preventive Vigilance, a presentation on The Integrity
 Pact and other Vigilance Awareness programmes were organized as a part
 of preventive vigilance. Officers of the Central Vigilance Commission
 addressed senior management on issues in tendering procedure and CTE
 inspections.
 
 Finance
 
 The Company continued its strong cash generation driven by business
 performance. The efficient financial and cost management system
 continues to facilitate cash generation as well as creation of wealth.
 The Company optimized the returns on cash reserves by deploying cash
 surplus in safe and liquid instruments as per the approved investment
 policy of the Company.
 
 Internal Audit
 
 The Company has Internal Audit set up with adequate number of
 professionals. Several system and internal audit assignments have been
 carried out and the reports have been submitted to Management and the
 Audit Committee.
 
 Human Resources & Industrial Relations
 
 People are our prime assets and EIL continued its emphasis towards
 their welfare, multiskilling, upgradation of skills and optimal
 deployment.
 
 Skilled Manpower in oil &.gas sector, especially in core areas like
 Process Design & Development, Projects, Engineering, etc. is in great
 demand globally. To meet the workload of the Company, extensive
 recruitment has been undertaken at the junior and middle management
 levels as well as management trainee level.
 
 The Company organized training programmes through reputed institutes in
 the areas of Safety, Document Management and Personnel & Administration
 to facilitate redeployment of certain categories of employees where
 skill redundancy occurred due to change in work models.  The Company
 has also taken initiatives through renowned management institutes for
 training the middle and senior management officers on an ongoing basis.
 To remain in the forefront of engineering and technology, the Company
 has ongoing initiatives for technical upgradation of its officers
 through technical lectures by academicians from reputed institutes.
 Special efforts have been made for orientation and training of
 management trainees and other new joinees in the organization through
 structured training programmes, on the job training and training at
 construction sites.
 
 Studies are being carried out, with the help of Management Consultants
 for feasibility of introducing Project-based incentive scheme to
 motivate employees with an ultimate aim of increasing productivity and
 profitability.
 
 Industrial relations continued to remain cordial and harmonious.
 Companys total regular manpower strength as on 31st March 2008 stood
 at 2804.
 
 Scheduled Castes & Scheduled Tribes
 
 As on 31st March 2008, 18.19% of total staff strength was from
 Scheduled Castes and 3.03% from Scheduled Tribes.
 
 In order to effectively redress the grievances of SC/ST employees, a
 Liaison Officer has been designated and senior officials of the Company
 regularly hold meetings with representatives of SC/ST Welfare
 Association.
 
 Corporate Social Responsibility
 
 The Company has remained focused towards its social obligations. Being
 a knowledge based company, EIL aims to assist in the development of
 skill based resources across the society and to help socially
 disadvantaged / under privileged sections of our society. Main thrust
 areas in the domain of social responsibilities have been
 Education/Training, Healthcare, Environmental care and Rural
 Development. Employees contribute regularly to Helpage India, an NGO,
 engaged in serving aged people. EIL being a member organization of
 Petroleum Sports Control Board also associates on regular basis in
 organizing sports activities.
 
 In order to enhance educational standard in schools, EIL has donated a
 large number of Personal Computers through NGOs to various schools in
 Delhi, Chennai and in North & East areas.
 
 Further, in order to improve healthcare facilities, EIL is assisting
 State Govt, for construction of Post Natal Ward at Civil Hospital at
 Bina, M.R
 
 Official Language
 
 Implementation of Official Language policy was, as in the past, carried
 out enthusiastically during the year.  Provisions of Section 3(3) of
 Official Languages Act and Official Language Rules have been complied
 with.
 
 Assurances given to the Committee of Parliament on Official Languages
 have been fulfilled.
 
 Over 98% of EIL employees have working knowledge of Hindi and
 approximately 90% of Companys stenographers and 97% typists are
 trained to work in Hindi.
 
 Large number of workshops and inspections were routinely carried out
 and several competitions were organized to encourage employees to
 enhance use of Hindi in official work.  During the year the Company
 received First Prize for the year 2005-06 awarded by Rajbhasha Vibhag,
 Ministry of Home Affairs.
 
 The Committee of Parliament on Official Language visited our Regional
 Procurement Offices, Pune & Bangalore.
 
 The Committee also visited our Regional Office, Chennai.
 
 It was a moment of pride for EIL when Committee Members highly
 appreciated the implementation of Official Language at EIL.
 
 All the assurances given to the Parliamentary Committee by EIL for
 compliance are being implemented.
 
 All computer facilities have been upgraded and are all fully compatible
 with Unicode use of Hindi language. Leap Office multilingual software
 is available in each of office of EIL. Keeping the pace with new
 technological advancements in the field of Hindi recently launched
 Shrutlekh Softwares of Ministry of Home Affairs are being procured.
 
 Awards
 
 - EIL selected among the Top 10 Most Admired Companies in 2007 by the
 Construction World- a Business Magazine and awarded Construction World
 -NICMAR Award 2007.
 
 - Amity International School honoured EIL with Award for Best
 Engineering Consultancy Services/
 
 - World Intellectual Property Organization (WIPO)s Certificate of
 Merit to Chief Consultant, R&D for Co-inventor of Best Invention of
 India for commercialization of Novel Process for Removal of H2S and
 Mercaptans from LPG through CFC.
 
 - Appreciation letter from Pune Municipal Corporation for bringing
 about noticeable improvement in quality and reliability of various
 projects like roads, drainage systems, etc.
 
 - EIL bagged two National awards from Public Relations Society of India
 for the following in-house publications :
 
 Aap Aur Hum- 1st Prize
 
 Hamara EIL (In Hindi Category)-3rdPrize
 
 - Fifth time recipient of Indira Gandhi Shield (1st Prize) for
 Rajbhasha Implementation (2005-2006).
 
 - PetroFed award for Best Women Executive of the Year1 to a lady
 engineer from Process Design and Development Division of the Company.
 
 Subsidiary Companies
 
 Certification Engineers International Ltd. (CEIL) CEIL, a wholly owned
 subsidiary of EIL, continued to provide Certification as well as Third
 Party Inspection (TPI) services to various clients. CEIL also obtained
 ISO accredition as per ISO 9001:2000 from IRQS. Also, during the year,
 CEIL secured a number of Certification & TPI assignments from ONGC,
 Dodsal Pvt Ltd.  (Dubai) etc., notable among these being :
 
 - Heera Redevelopment Project (HRP) of ONGC.
 
 - NQ Reconstruction (NQRC) of ONGC.
 
 - NC Revamp of ONGC.
 
 - Uran-Trombay Gas Pipeline of ONGC.
 
 - Bharuch - Jamnagar Gas Pipeline of GSPL.
 
 - Infrastructure Project of Surat Municipal Corporation.
 
 - Common Cooling Water Pipeline Project at Ras Laffan, Qatar for Qatar
 Petroleum.
 
 Apart from these, CEIL secured many Third Party Inspection assignments
 from clients like Larsen & Toubro, Punj Lloyd, Nafto Gaz, various State
 Governments, Vadodara Municipal Corporation, Bilaspur-Jaipur Water
 Supply Project, etc.
 
 During the year, CEIL paid interim dividend of Rs.125 lakhs equivalent
 to 125% and also proposed final dividend @ 125% on equity capital. Thus
 total dividend works out to 250% including interim dividend.
 
 During the year, CEIL acquired its own premises in Navi Mumbai.
 
 EIL Asia Pacific Sdn. Bhd. (EIL AP)
 
 EIL AP is a wholly owned subsidiary of EIL incorporated in Malaysia.
 The broad activities of the company are to provide technical services
 for projects in oil & gas and other industrial sectors. However, lately
 there have been constraints in operations due to changes in business
 environment.
 
 During the year, EILAP declared and paid dividend of Rs. 162.48 lakhs
 out of its accumulated Reserves and Surplus.
 
 Conservation of Energy, Technology Absorption, Foreign Exchange
 Earnings and Outgo As the Company operations do not involve any
 manufacturing or processing activities, the particulars as per the
 Companies (Disclosure of Particulars in the Report of the Board of
 Directors) Rules, 1988, regarding conservation of energy and technology
 absorption, are not applicable. The particulars regarding expenditure
 and earnings in foreign exchange are given in Item No.11 Schedule J
 Notes to the Accounts.
 
 Corporate Governance
 
 Certificate of the Auditors of EIL regarding compliance of the
 conditions of Corporate Governance as stipulated in Clause 49 of the
 Listing Agreement with the Stock Exchanges is enclosed.
 
 The Board of Directors support the broad principles of Corporate
 Governance. In addition to the basic issues, EIL Board lays strong
 emphasis on transparency, accountability and integrity.
 
 A Report on Corporate Governance, as required under Clause 49 of the
 listing agreement, is annexed.
 
 Code of Conduct
 
 EIL has formulated a Code of Conduct for its Board of Directors and
 Senior Management personnel. The confirmation of compliance of the same
 is obtained from all concerned on annual basis. All Directors and
 senior management personnel have given their confirmation of compliance
 for the year under review.
 
 Directors Responsibility Statement Pursuant to Section 217(2AA) of the
 Companies Act, the Directors confirm:
 
 i. that in the preparation of the annual accounts, the applicable
 accounting standards have been followed and that no material departures
 have been made from the same
 
 ii. that they have selected such accounting policies and applied them
 consistently and made judgments and estimates that are reasonable and
 prudent so as to give a true and fair view of the state of affairs of
 the company at the end of the financial year and of the profit or loss
 of the company for that period
 
 iii. that they have taken proper and sufficient care for the
 maintenance of adequate accounting records in accordance with the
 provisions of the Companies Act, 1 956 for safeguarding the assets of
 the company and for preventing and detecting fraud and other
 irregularities
 
 iv.  that they have prepared the annual accounts on a going concern
 basis
 
 Auditors
 
 M/s Jagdish Chand & Co.  , Chartered Accountants were appointed as
 Auditors of EIL for the financial year 2007-2008 by the Office of
 Comptroller & Auditor General of India.
 
 Bankers
 
 Bankers of the Company include Indian Overseas Bank, State Bank of
 India, State Bank of Travancore, Vijaya Bank, Corporation Bank, Bank of
 Baroda, Punjab National Bank, Union Bank of India, HDFC Bank and ICICI
 Bank.
 
 Particulars of Employees
 
 Information with respect to employees as required by Section 217 (2A)
 of Companies Act, 1956 read with the Companies (Particulars of
 Employees) Rules, 1975, as amended is given as Annexure to this Report.
 
 Directors
 
 After the date of last Directors Report i.e. 21st July 2007, Shri
 Dependra Pathak was appointed as Director by the Ministry of Petroleum
 & Natural Gas w.e.f.  12.10.2007 in place of Shri Ravi Capoor,
 Executive Director, Petroleum Conservation and Research Association who
 ceased to be Director of the Company w.e.f. 05.10.2007.
 
 Shri Arun Kumar Purwar was appointed as non official (Independent)
 Part-time Director on the Board of the Company by the Ministry of
 Petroleum & Natural Gas w.e.f. 09.01.2008.
 
 Shri L.N. Gupta was appointed as Director by the Ministry of Petroleum
 & Natural Gas w.e.f. 25.06.2008 in place of Shri Prabh Das, ex-Joint
 Secretary (P), Ministry of Petroleum & Natural Gas who ceased to be
 Director on the Board of the Company w.e.f. 05.03.2008.
 
 The Board has placed on record its sincere appreciation of the valuable
 services rendered and contributions made by Shri Prabh Das and Shri
 Ravi Capoor during their tenure as Directors of the Company.  In
 accordance with the provisions of the Articles of Association of EIL,
 Shri R. K. Saxena, Director (Commercial), Shri R.K. Grover, Director
 (Projects) and Shri B.N. Bankapur, Director would retire by rotation,
 at the ensuing Annual General Meeting, and being eligible, offer
 themselves for reappointment.
 
 In accordance with the provisions of the Companies Act, 1956, Shri
 Dependra Pathak, Shri Arun Kumar Purwar and Shri L.N. Gupta who were
 appointed as Additional Directors after the date of last Directors
 Report, shall vacate their offices at the ensuing Annual General
 Meeting. Necessary notices have been received from the respective
 directors/members of the Company under Section 257 of the Companies
 Act, 1956, proposing their candidature for reappointment. The Board
 recommends their reappointment.
 
 Brief resume of the Directors seeking reappointment together with the
 nature of their expertise in specific functional areas and names of the
 companies in which they hold directorship, as stipulated under Clause
 49 of the Listing Agreement are given in the Corporate Governance
 Report and Annexure to AGM Notice.
 
 Acknowledgement
 
 Your Directors are grateful for all the help, guidance and support
 received from Ministry of Petroleum & Natural Gas and from other
 Ministries of the Government of India. Your Directors are also grateful
 to the Bankers, Statutory Auditors, Comptroller & Auditor General of
 India and the investors for their continued patronage and confidence in
 the Company.
 
 Your Directors thank all our esteemed clients for the faith and trust
 reposed in the Company. With continuous learning, skill upgradation,
 technology development we will continue to provide world class
 professionalism and services to our clients.
 
 Your Directors thank all associates, vendors and contractors within the
 country and abroad, for their continued support without which EIL could
 not have achieved the desired results.
 
 Your Directors are grateful to all the Foreign Missions in India and
 Indian Missions abroad in countries where EIL has business operations
 for their continued help and support.
 
 Your Directors wish to convey their appreciation to all employees for
 the valuable services and cooperation extended by them and are
 confident that they will continue to contribute their best towards
 achieving still better performance in future.
 
                                         For and on behalf of the
                                               Board of Directors
 
                                                   Mukesh Rohatgi 
                                     Chairman & Managing Director
 
 Place : New Delhi
 Dated : 8 August, 2008