Skip to main content

MoneyWorks4Me

PSL bags order worth Rs 753 crore

14 Jun 2011 Evaluate

PSL has secured prestigious orders totaling worth Rs 753 crore from Gail (India).

Recently, PSL’s Sharjah based subsidiary - PSL FZE, Hamriyah had bagged a contract worth $80 million from the Saline Water Conversion Corporation (SWCC) of the Kingdom of Saudi Arabia. The project comprises construction of a water transmission system from Ras Azour in the eastern province to Hafr Al-Baten in the central system, constituting API 5L Grade X-65, 44-inch diameter pipes for a total length exceeding 350 Km.

PSL is India’s largest producer / manufacturer of HSAW pipes, the line-pipe industry's preferred pipe, with production capacity in excess of the 1 MT mark.

Peers
Company Name CMP
JSW Steel 1345.00
Tata Steel 184.90
Steel Authority 169.80
Jindal Stainless 691.05
APL Apollo Tubes 2180.10
View more..