Dear Friends, "After many months of uncertainty, the dark clouds of economic recession appear to be moving away. Green shoots of growth are evident in the better than expected industrial production numbers and India, after passing through a stormy period, looks to be finally turning the corner." We at Petron Group too have been like a rider in the storm facing all adversities but holding the flag steady of "Dreaming Big Building Big." After its acquisition on January 10, 2008 by KazStroyService Ltd, UK a company registered in London with branches all over Kazakhstan, the Group has acquired global muscle to take on bigger and wider challenges.

KSS Group is the largest LSTK/EPC Company of Kazakhstan for Cross Country Pipelines, Plant Construction for Oil & Gas Refineries, Terminals, Cement, Power, Petro-Chemicals and Infrastructure. It has established operations in India, Abu Dhabi and Turkmenistan.

With strategic planning, we have been able to secure an order book of more than 670 million USD in India alone in a short span of time including the single largest LSTK project of value more than 200 million USD with HPCL Mittal Energy Ltd( HMEL) 9.0 MMTPA capacity Guru Gobind Singh Refinery in Bathinda in the State of Punjab. The company has also signed significant contracts with other Indian public sector companies like Bharat Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. The expanding list of satisfied clients reflects our ability to execute challenging projects. Leading companies of India continue to rely on us for their most important engineering needs, which is the proof of our capabilities to deliver.

Difficult weather or terrain has been no deterrent to our team which has delivered consistently and brought accolades. Milestones have been achieved and records made. This in itself reinforces the belief that the India story is far from being over. It has, in fact just started for Petron.

All projects are on track to be completed within the stipulated time – that's the Petron spirit which emanates from the commitment of our 12,000-people strong employee force. We at Petron have always believed that we are because of our people and their safety is our top priority. It is the alchemy of People and Practices that defines our formula for success.

Add to this our large fleet of sophisticated construction equipment and a dedicated management team – which keeps us at the cutting edge of competition. Going forward, the quality work continues. From the Indian sub-continent, Petron Engineering is now planning to expand with equal vigour into Far East and Mid Eastern Regions.

With our talented pool of people, our world class business practices and our commitment to grow, I am sure that no mountain is high enough for us to climb and no dream is unachievable.

Best Wishes

PANKAJ JAIN

GROUP CEO