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PSL Ltd Secures Orders Worth Rs.924 Crores

  • PSL Ltd has received Orders valuing approx. Rs. 924 Crores within the past quarter for the provision of pipes and ancillary coating services from leading engineering and construction companies such as M/s Nagarjuna Construction Company, M/s Megha Engineering and Infrastructure, M/s SPML and various other clients.The aforesaid orders cover projects within the Oil & Gas, Water and Power spaces of the economy and were secured through international competitive tendering processes. The Company's state-of-art pipe mills located at Kandla in Gujarat are fully geared up to meet the aforesaid supply requirements.

  • In view of Company's reputation of maintaining its past tradition of sticking to strict time schedule always, the Company has already completed the order awarded by M/s Gail (India) Limited in 2011 for manufacture of API X-70 Grade pipe and is in process of completing the X-80 Grade supply in line by March 2012.The PSL Ltd. stock was trading at Rs.53.60, up by Rs.2.65 or 5.20%. The stock hit an intraday high of Rs.54.90 and low of Rs.51.The total traded quantity was 3.17 lakhs compared to 2 week average of 0.14 lakhs.

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