SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

PSL in talks with SBI and ICICI Bank for Rs 4,500 crore debt recast

11 Mar 2013 Evaluate

Pipe manufacturer PSL is planning to restructure its Rs 4,500 crore debt. In this regard, the company is in talks with lenders including State Bank of India and ICICI Bank. Under corporate debt restructuring, lenders typically extend the repayment tenure for the borrower and lower the interest rate.

The company, which has a market capitalisation of about $40 million, lost 161 million rupees in the December quarter compared to a net profit of Rs 6.6 crore in the period a year earlier

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
Peers
Company Name CMP
Tata Steel 187.15
JSW Steel 1223.65
Steel Authority 168.00
Jindal Stainless 692.50
APL Apollo Tubes 1788.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: