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PSL spurts on securing order worth Rs 570 crore from Indian Oil

11 Apr 2012 Evaluate

PSL is currently trading at Rs. 66.50, up by 1.60 points or 2.47% from its previous closing of Rs. 64.90 on the BSE.

The scrip opened at Rs. 67.00 and has touched a high and low of Rs. 67.65 and Rs. 65.05 respectively. So far 258933 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.50 on 13-Apr-2011 and a 52 week low of Rs. 50.40 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 67.65 and Rs. 61.25 respectively. The current market cap of the company is Rs. 355.52 crore.

The promoters holding in the company stood at 39.25% while Institutions and Non-Institutions held 15.41% and 45.35% respectively.

PSL has bagged an order worth Rs 570 crore from Indian Oil Corporation for the manufacture of pipes and provisions of ancillary coating services towards the Salaya - Mathura Pipeline De-Bottlenecking Project. In accordance with this order, the company will be required to supply 28 - inch diameter coated steel pipes of X - 70 grade and upto 40 feet in length. These supplies will be made from company’s already geared up plants at Jaipur and Kandla.

Further, the company has successfully completed pipe production for an earlier order from Gas Authority of India for supply of pipes valuing Rs 753 crore from its other two plants located at Chennai and Vizag. Major portion of this supply was of API X - 80 Grade Pipes.

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%)
12-Oct-2020 18:01 View Price Chart
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