September 08, 2008

PSL bags orders worth INR 1.225 crore

PSL Limited recently informed BSE that it has been awarded with yet another series of prestigious orders encompassing supply of steel pipes for both oil & water pipelines aggregating to INR 1.225 crore from two prestigious companies namely Larsen & Toubro Limited and HPCL Mittal Pipelines Limited as per following details

1) Contract from L&T
Under this contract, which is related to 220 kilometer long Barmer Pipeline for water transport, PSL would fabricate and coat MS pipes of various diameters and supply the same from its Jaipur facility to Larsen & Toubro. The aggregate value of the said contract is approximately INR 308 crore.

2) Contract from HPCL - Mittal Pipelines Limited
Under this contract, PSL is required to supply the entire requirement of 1024 kilometer of steel pipes to HPCL Mittal Pipelines Limited for its Mundra Bhatinda crude oil carrying line. The subject pipes would be supplied from its facilities located at Kandla in Gujarat. The aggregate value of the said contract would be approximately INR 917 crore.

The awarding of the aforesaid two contracts will assist in PSL achieving its desired objectives of the current financial year 2008-09.