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New orders boost PSL on the bourses

19 Sep 2011 Evaluate

PSL is currently trading at Rs 65.60, up by 2.90 points or 4.63% from its previous closing of Rs. 62.70 on the BSE.

The scrip opened at Rs. 62.25 and has touched a high and low of Rs. 67.25 and Rs. 62.25 respectively. So far 255125 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 126.40 on 14-Oct-2010 and a 52 week low of Rs. 55.10 on 19-Aug-2011.

Last one week high and low of the scrip stood at Rs 67.25 and Rs 62.20 respectively. The current market cap of the company is Rs 335.20 crore.

The promoters holding in the company stood at 39.25% while Institutions and Non-Institutions held 15.35% and 45.40% respectively.

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.

PSL Share Price

0.34 0.00 (0.00%)
12-Oct-2020 18:01 View Price Chart
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