Dated 11th Nov 2002

Dear Sirs,

We refer to the tender floated by Neyveli Lignite Corporation on the 8th of this month worth about US$100 Million for the supply of bucket wheel Excavators Spreaders etc; We are a team of engineers and professionals retired from NLC Ltd.

We are wondering if you have your representation here in Madras, India. if you have already representation please ignore this mail if not you may consider us for representing you here in India. If your answer is yes, we shall throw more information about us. Can you please respond to us either way?

Thank you.
yours faithfully,

Panex Enterprises Private Limited
Kesavan Chakravarthy