September 08, 2008

PSL secures order for Dullajan Numaligarh pipeline in Assam

Indian pipe major PSL Limited announced that it has won a contract worth INR 125 crore from DNP Limited for the supply of coated line pipes and long radius bends for the 200 kilometer long Dullajan Numaligarh pipeline in Assam.

The order consists of supply of primarily 16 inch outer diameter API 5L coated line pipes. These pipes have to be supplied by mid 2008 and PSL shall supply these pipes in entirety from its pipe mills at Kandla in Gujarat.

Mr Ashok Punj MD of PSL Limited said that “PSL is proud to be associated with DNP Limited for the supply coated pipes for their Duliajan Numaligarh pipeline project. The North East constitutes an important source of supply for the growing energy requirements of the Indian emerging market, and projects such as this are an important step towards satisfying these requirements.”

PSL Limited, a global leader in manufacturing and coating of pipes for transporting hydrocarbon products and the largest manufacturer of high grade large diameter helical submerged arc welded pipes in India. PSL has recorded a net profit of INR 19 crore for the July to September 2007 quarter up by 35.7% YoY as against INR 14 crore in July to September 2006 quarter.