PSL bags 2 orders worth Rs 1,225 cr
Steel pipe manufacturer PSL Ltd today said it has bagged two orders worth Rs 1,225 crore from engineering major Larsen & Toubro (L&T) and HPCL-Mittal for laying pipelines.
With the aforesaid two contracts valuing around Rs 1,225 crore by the two firms — L&T and HPCL-Mittal would assist PSL in achieving its desired objectives of the current financial year 2008-09,” the company said in a filing to the Bombay Stock Exchange. The HPCL-Mittal contract worth Rs 917 crore was for supplying the entire requirement of 1,024 KM of steel pipes for its Mundra Bhatinda Crude Oil carrying line.
While as per the Rs 308 Larsen and Toubro contract, that is related to 220 KM long Barmer Pipeline for water transport, PSL would supply pipes from the company’s Jaipur facility to L&T.
Shares of the company were trading at Rs 299.80, up 4.50 per cent on the BSE in morning trade
