MoneyWorks4Me

PSL’s international arm bags order worth Rs 270 crore

19 Sep 2011 Evaluate

PSL’s international subsidiary PSL North America (PSLNA) has bagged orders worth Rs 270 crore from large US based pipeline operators. The orders in question are for supply of large diameter API certified high pressure gas steel pipes for an estimated length of over 100 miles.

These pipes to be fabricated from special steel along with Anti Corrosion Coating shall be used for Shale gas transmission projects being developed in Southern and North-Eastern sections of USA.

Earlier in June, the company had secured prestigious orders worth Rs 231.83 crore on June 29, 2011 from the leading public sector company - NTPC for supply of make-up water pipes package for its Solapur Super Thermal Power Project (2x660MW). The aforesaid awarded contract comprises of work of design, manufacture, testing, inspection, transportation, delivery etc. with respect to above stated supply.

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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