MoneyWorks4Me

PSL secures orders worth Rs 924 crore within past quarter

04 Jan 2012 Evaluate

PSL has secured orders worth Rs 924 crore within the past quarter for the provision of pipes and ancillary coating services from leading engineering and construction companies such as Nagarjuna Construction Company, Megha Engineering and Infrastructure, SPML and various other clients.

The aforesaid orders cover projects within the Oil and Gas, water and power spaces of the company 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.

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 1280.00
Tata Steel 187.70
Steel Authority 184.80
Jindal Stainless 747.90
APL Apollo Tubes 2206.00
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