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Era Infra Engineering Ltd has informed BSE that the Company has bagged a prestigious contract from Mumbai Railway Vikas Corporation Ltd. for the construction of EMU Maintenance Car Shed between Nallasopara & Virar stations of Western Railway through International Competitive Bidding (ICB).

The project being funded by International Bank for Reconstruction Development (IBRD) is part of Mumbai Urban Transport Project. The contract is valued at Rs 85.20 crore.

Motilal Oswal Investment Advisors Pvt Ltd (”Manager to the Offer”) for and on behalf of Era Housing & Developers (India) Ltd (”EHDIL”) & Hi-Point Investment & Finance Pvt Ltd (”HPIFPL”) (”Acquirers”), Mr H S Bharana, Mr Brij Singh Bharana, Mr Dheeraj Singh Bharana, Ms Rashmi Bharana, Mrs Rekha Bharana, Mr Vaibhav Bharana, Mrs Kamlesh Bharana, Mr H S Bharana (HUF) & Era Exports (India) Ltd (”Persons Acting in Concerts” / “PACs”) has issued this Post Offer Public Announcement to the shareholders of Era Infra Engineering Ltd (”Target Company”), which is in continuation of & should be read in conjunction with the Public Announcement (”PA”) dated December 17, 2007 and Corrigendum to the PA dated April 15, 2007, in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 and subsequent amendments thereto

Details of Acquisition:

Era Infra Engineering Ltd has informed BSE that the Company has bagged a contract for construction of the following at Sahara City Homes, Gwalior.

1. Independent houses (G+1)- Row Houses, Semi detached units and villas.

2. Multistoried Buildings (stilt+ 9 storey) - Tower B (2Nos) and Tower C (3 Nos)

The Contract is awarded by Sahara India Commercial Corporation Ltd. The contract is valued at Rs 51.50 crore.

Motilal Oswal Investment Advisors Pvt Ltd (”Manager to the Offer”) for and on behalf of Era Housing & Developers (India) Ltd (”EHDIL”) & Hi-Point Investment & Finance Pvt Ltd (”HPIFPL”) (”Acquirers”), Mr H S Bharana, Mr Brij Singh Bharana, Mr Dheeraj Singh Bharana, Ms Rashmi Bharana, Mrs Rekha Bharana, Mr Vaibhav Bharana, Mrs Kamlesh Bharana, Mr H S Bharana (HUF) & Era Exports (India) Ltd (”Persons Acting in Concerts” / “PACs”) has issued this corrigendum to Public Announcement to the shareholders of Era Infra Engineering Ltd (”Target Company”), which is in continuation of and should be read in conjunction with the Public Announcement (”PA”) dated December 17, 2007, pursuant to & in compliance with Regulations 11 (1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares & Takeovers) Regulations, 1997 as amended from time to time (the “SEBI (SAST) Regulations”) issued by the Securities and Exchange Board of India (”SEBI”).

The Shareholders of the Target Company are requested to note the following:

1. All GDR have been included for calculation of the Offer Size. the GDR holders are eligible to participate in the Open Offer provided they get it converted into equity shares before the date of closing of the offer.

2. None of the FCCBs allotted by the Company on January 24, 2007 has been converted into Equity Shares as on the date. Also, the Target Company has undertaken that none of the FCCBs would be converted into equity shares during the offer period.

3. The Revised Schedule of the Offer

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Activity				Original Schedule		Revised Schedule
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Specified Date			December 18, 2007		December 21, 2007
Date of Opening of the Offer	January 23, 2008		April 21, 2008
Date of Closing of the Offer	February 11, 2008		May 10, 2008
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All other terms and conditions of the offer remain unchanged. The terms not defined in this Corrigendum Announcement shall have the same meaning assigned to them in the PA.

Era Infra Engineering Ltd has informed BSE that it has been awarded number of prestigious and valuable contracts worth Rs 1221.75 crore during the Q4FY08 which includes among others, contract worth Rs 148 Crore from Delhi Metro, Rs 126 Crore from SAIL Bokaro Steel Plant, Rs 77.90 Crore for Modernization of Pune Airport, Rs 500 Crore for National Highway Project, Rs 147 Crore for Cost effective housing project from DSIDC, Rs 115 Crore for construction of CBI headquarter and Rs 86.50 Crore for construction of housing project from Central Park Estate.

Era Infra Engineering Ltd has informed BSE that the following Companies ceased to be the subsidiaries of the Company with effect from the dates stated hereinbelow against their
respective names:

1. Era Landmarks (India) Ltd : March 28, 2008

2. Era Building Systems Ltd : March 29, 2008

Further the Company has informed that, the Company has become Wholly Owned Subsidiary of the Company w.e.f. March 29, 2008.

Era Infra Engineering Ltd has informed BSE that KMB-ERA JV of which Era Infra Engineering Ltd, (EIEL) is a partner, has secured a contract from DELHI METRO RAIL CORPORATION LTD. (DMRC) which involves design and construction of Dwarka, Sector- 21, Underground Station, approach cut & cover tunnel and connected works. The value of the contract is Rs 148.40 crore.

Era Infra Engineering Ltd has informed BSE that the following Companies became the Wholly owned subsidiary of the Company under the following details:

1. Name of Subsidiary : Era Power (India) Pvt Ltd
- Date of becoming wholly owned subsidiary: January 12, 2008

2. Name of Subsidiary : Era IT - Zone Pvt Ltd
- Date of becoming wholly owned subsidiary: January 28, 2008.

Era Infra Engineering Ltd has informed BSE that Company’s Construction & Contract division, in joint venture with KMB, Ukraine has been awarded the work of “Expansion and Modification to Terminal Building for International Operation at C E Pune” by “Air Ports Authority of India” on February 25, 2008 valuing “Rs 77,91,57,986″. The contract duration is 7.5 months.

Era Infra Engineering Ltd has informed BSE that Era Infra Engineering Ltd (Construction & Contract Division) has been awarded the work of “Construction of CBI Head Office Building at Envelope - 5B, CGO Complex, Lodhi Road, New Delhi” by “National Buildings Construction Corporation Ltd” on February 15, 2008 valuing “Rs 115,12,89,940″. The Contract Duration is 24 months.

This project comprises the construction of 12 storied building (Built up area 57350 sqm) with double basement (14050 sqm) along with complete services like sanitary, water supply, electrical, fire fighting, lifts, etc.