YEAR                                                                  
                    EVENTS
 1987 - PSL Holdings Limited, a flagship Company of the PSL group was
 incorporated on
              24 August as a 'Private Limited' Company under the
 Companies Act 1956 and
              commenced commercial operations for pipe coating plants
 in 1988 and Fusion
              bonded epoxy coating plants in 1989. Subsequently, it
 became a deemed Public
              Limited Company under Section 43 A (1A) of the Companies
 Act, 1956, with effect
              from 1st July, 1994, and the word Private was deleted by
 the Registrar of Companies,
              NCT of Delhi and Haryana.
 
           - The Company's diversified range of activities include
 protective coatings (both internal
              and external) for steel pipes, epoxy coating for
 reinforcement bars (Rebars), manufacture
              of epoxy powder paint and galvalum range of aluminium
 Sacrificial anodes and
              processing of iron ore.
 
           - The Company has modem Coating Plants offering advanced
 pipe coating systems
             to clients at different locations.
 
 1989 - The plant set up at Daman is engaged in fusion bonded epoxy
 coating of reinforcing
              steel bars. This product, under the brand name of
 'Corrogard' can help to ensure the
              life of an RCC construction to its maximum designed
 life. Fusion Bonded Epoxy Coatings
              are used for buildings, bridges, flyovers, roads,
 highways, nuclear and chemical plants,
              piers and wharves, sea walls, back waters, water
 trnatment plants, RCC pipes, railway
              sleepers and electricity and telephone poles.
 
 1992 -  To meet the requirement of the mega pipe line Kandla Bhatinda
 project, two
               more coating facilities were commissioned at Kandla and
 Panloat (near Delhi)
 
 1993 - In technical collaboration with UPC (Management Services) Ltd.
 of U.K. the
              Company has established the first Internal Pipe Coating
 facility in India at its Daman
               yard. The collaboration agreement was signed on 11
 May.
 
            - The Company entered into technical collaboration with
 Commercial Resins, U.S.A,
               one of the leaders in the United States in the field of
 Fusion Bonded Epoxy Coating for
               RCC constructions.
 
 1990 - The Company  in technical collaboration with Lilly Powder
 Coating Inc (U.S.A),
              commissioned a plant for manufacture of Epoxy Powder
 Paint in special grades used
              for oil and gas pipelines, potable water and product,
 pipelines, becoming the only unit in India              
 1992 - The modern plant commissioned at Kandla has a capacity to
 manufacture 1500 MT
              per annum of Galvalum Sacrificial anodes for cathodic
 protection system. It has a
              mechanised foundry with induction furnace, spectometer
 for carrying out spectrographic
              analysis and a well equipped laboratory.
 
           - The Company Commissioned an iron ore processing plant 
 with a capacity of
              1,00,000 mt per annum of processed iron ore at village
 Thakuron Ki Dhani,
              Tehsil Shahpura, near Jaipur in Rajasthan to meet the,
 specialised raw material
               requirements of the Company's own pipe coating division
 and to cater to the demand
               from other pipe coating Companies.
 
 2000 - PSL Holding Ltd, a Rs 300-crore group, is setting up an
        anti-corrosion plant in chennai.
 
 2002
 
 -Captures an order worth Rs.605 crs from Gas Authority of India for
 decay protection and pipe coating.
 
 2003
 
 -Bags pretigious contract from Indian Oil Corporation for an
 aggregate value of Rs. 122.85 crs.
 
 -Appoints Shri Prakash Vinayak Apte as the Additional Director of the
 company.
 
 -Appoints Mr N C Sharma as the Additional Director of the company.
 
 -Bags contract worth Rs. 1450 mn from L & T Ltd to carry out the
 vishakapatnam Industrial Water Supply Project.
 
 2004
 
 -PSL bags US $ 13.1 million contract in Oman
 
 -PSL Ltd has recently been awarded with an order for supply of API
 grade X60 pipes for a gas transmission pipeline to be laid in
 Bangladesh
 
 -PSL wins export orders of Rs 75 cr from Bangladesh, Oman to supply
 pipes
 
 -Bags icic loman order of Rs 121 crore for the supply of spiral
 welded pipes from Hindustan Construction Company to carry out the
 Godavari Lift Irrigation Scheme project for Government of Andhra
 Pradesh.
 
 -PSL Ltd has bagged three orders for a value totalling Rs 300 crore
 from Bangladesh Gas Transmission Co Ltd, Indian Oil Corporation and
 Hyundai Heavy Industries for ONGC
 
 -Delist from The Delhi Stock Exchange (DSE) with effect from December
 11, 2004.
 
 2005
 
 -PSL joins hands with Deutsche Bank
 
 2006
 
 - PSL Ltd has informed that the Company has bagged, against Global
 competition a prestigious contract for supply of pre coated API 5L Gr
 B (PSL 2) Spiral Weld Pipes valuing over US$ 20.0 million for meting
 the requirements of MINISTRY OF HOUSING, ELECTRICITY & WATER (MHEW) -
 OMAN.
 
 -PSL Ltd has informed that the Company has bagged a prestigious
 contract for supply of Carbon Steel Barc Line Pipes valuing Rs 308
 Crores for meeting the requirements of BINA Refinery in Sultanate of
 Oman.
 
 -PSL Ltd has informed that Company is being awarded with a
 prestigious contract of Ministry of Housing, electricity and water,
 Sultanate of Oman for supply of API Grade Steel Pipes.
 
 -The Company secures an order from L&T worth Rs 1680 mn.
 
 -The Company being the largest manufacturer of high-grade large
 diameter Helical Submerged Arc Weldod (HSAW) Pipes has been awarded
 with two new prestigious contracts having an aggregate value of Rs
 4880 million.
 
 2007
 
 -The Company has now added a fifth dimension to its national pipe
 manufacturing grid by commissioning a newly installed Pipe Mill
 having an initial output capacity of 75,000 MT per annum which may be
 expanded to 1,50,000 MT per annum.
 
 -SL Ltd has bagged an order worth US$ 21 million for the gas field
 known as KG-DNN-98/3, within the K.G.Basin, Bay of Bengal, off the
 east coast of India.
 
 -The Company has bagged several Onshore & Offshore Pipeline Projects
 Order valuing Rs 1045 Crores.
 
 -The Company has been awarded with yet another prestigious Contract
 for Supply of Coated Line Pipes and Long Radius Bends worth Rs 125
 Crores for 200 Kms.
 
 -The Company has bagged, against Global competition, a prestigious
 Contract from FUSION PROVIDA LTD., ENGLAND - a leading U.K. Company
 for Supply of 1,24,000 Meters 3 LPE Coated Line Pipes having size of
 20 X 9.5 API 5L X 60 valuing over USD 17 Million to CAMEG S.P.A.,
 ALGERIA.
 
 2008
 
 -The Company has been awarded with another series of prestigious
 orders encompassing supply of Steel Pipes for both Oil and Water
 Pipelines aggregating to Rs 1.225 Crores from two prestigious
 Companies namely Larsen & Toubro Ltd & HPCL - Mittal Pipelines Ltd.
 
 -The Company has been awarded by BPCL with a prestigious order for
 supply of Carbon Steel Bare Line Pipes.
 
 -The Company has been awarded by Gail (India) Ltd prestigious
 Contract for manufacture and supply of Carbon Steel Pipes.
 
 -Company's subsidiary Company PSL FZE, based in Sharjah, UAE, has
 been awarded an order for supply of steel pipes aggregating US
 million.
 
 2009
 
 -The Company bags Rs 500-cr order from GAIL for pipeline project.
 
 -The Company has decided payment of a final Dividend of Rs.2.50 per
 equity share.
 
 2010
 
 -The Company bags fresh Contracts for over Rs 425 Crores.
 
 -The Company bags  fresh contracts for over Rs. 565 Crores.
 
 -The Company has bagged an order worth approximately Rs 200 cr from
 Indian Oil Corporation for its Paradip-Raipur-Ranchi Pipeline.
 
 2011
 
  -PSL's subsidiary receives Saudi Arabian Order worth US $ 80
 Million.
 
 -PSL Secures Prestigious Orders totaling Rs. 753 Crores from Gail
 (India) Ltd.
 
 -The Company secures a prestigious contract valuing over Approx. Rs.
 230 crores from NTPC Limited.
 
 -Procurement of orders aggregating to about Rs. 270 Crores for Shale
 Gas Projects in USA.
 
 2012
 
 -The Company secures prestigious orders totaling Rs. 924 Crores from
 leading engineering and construction companies.
 
 -The Company and its Foreign Subsidiary Bagged various orders
 cumulating over Rs. 742 Crores.
 
 -The Company has bagged Rs 570 crore order from Indian Oil
 Corporation Ltd for supplying pipes and provisions of ancillary
 coating services towards the Sallya-Mathura pipeline project.