Steel pipe maker PSL is planning to enter the port construction business. The company is ready to invest up to Rs. 500 crore in building a jetty at Kandla Port in Gujarat, through the public-private participation route. PSL already has a contract to build the jetty from the Gujarat government. According to PSL, port construction has synergies with its pipeline business. The company has also formed a subsidiary PSL Infrastructure and Ports for such forays.
PSL will offer pipelines from a manufacturing unit in the proximity that will reduce the freight component. Freight accounts for 10-20% of the total delivered cost of the pipeline. While PSL’s Chennai plant is 300 km from the ‘dumping site’, where the pipeline-laying contractor picks up pipes for the gas grid, most of the other companies that had participated in the bidding process have their plants about 1,800 km away. PSL recently completed the 130-km long Dabhol-Bangalore pipeline project, by supplying 30-inch and 18-inch diameter pipes.crackcrack
Company Name | CMP |
---|---|
JSW Steel | 913.65 |
Tata Steel | 174.25 |
SAIL | 166.20 |
Jindal Stainless | 805.40 |
Jindal Saw | 555.15 |
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