PSL bagged order worth Rs 308cr frm Bharat Oman Refineries

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PSL bagged order worth Rs 308cr frm Bharat Oman Refineries

PSL has bagged an order worth Rs 308 Crores from Bharat Oman Refineries

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RELATED NEWS PSL bags contract worth Rs 308 cr PSL bags order, stock up 5.63% PSL Q2 net profit up at Rs 13.5cr ALSO READ See latest News about PSL See previous management interviews See what other Experts & Brokerages are saying about PSL PSL BSE | NSE 25/05/12 Are Mutual Funds betting on PSL?

PSL Limited (PSL), the largest manufacturer of high-grade large diameter Helical Submerged Arc Welded (HSAW) pipes in India, today bagged an order worth Rs. 308 crore inclusive of excise and tax from Bharat Oman Refineries Ltd for supply of 599.6 Kms of pipe for its prestigious "Vadinar-Bina Pipeline Project". The order requires the complete quantity of pipe to be supplied within a specific time frame and to a tightly monitored schedule. This is designed to meet the construction programme of the project.  

With Bharat Oman Refineries current order in hand, PSL has virtually established itself as a major oil and gas pipe producer in the Indian market, edging out competitors in three successive domestic mega pipeline projects.

PSL's  Two Step Spiral Pipe producing mill with a world scale capacity of 350,000 tons per annum, coupled with its earlier established mills, gives it a cumulative annual capacity of over a million tons of Spiral Pipe. This along with its proven track record of successful and timely completion of projects proved to be strong factors that assisted the Company secure this mega project. Since established capacity and capability are prime requirements for pre-qualifying for these global tenders.

Sourced From: Good Relations (I) Pvt Ltd