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PSL in jubilant mood on bagging order worth Rs 280 crore

10 Jan 2012 Evaluate

PSL is currently trading at Rs 57.90, up by 3.75 points or 6.93% from its previous closing of Rs 54.15 on the BSE.

The scrip opened at Rs 55.60 and has touched a high and low of Rs 58.15 and Rs 55.00 respectively. So far 105027 shares were traded on the counter.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 96.95 on 08-Apr-2011 and a 52 week low of Rs 50.40 on 02-Jan-2012.

Last one week high and low of the scrip stood at Rs 58.15 and Rs 51.00 respectively. The current market cap of the company is Rs 304.19 crore.

The promoters holding in the company stood at 39.25% while Institutions and Non-Institutions held 14.20% and 46.55% respectively.

PSL has received an order valuing over Rs 280 crore from Pratibha Industries for supply of coated pipes for Gujarat Water Industries NC 30 project. The aforesaid awarded order comprises work of manufacture and supply of coated steel pipes as required for the NC 30 project.

Recently, PSL had 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.

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.


 

PSL Share Price

0.34 0.00 (0.00%)
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