11th-Apr-2012 09:33Source: BSE

PSL - PSL Secures Order from Indian Oil Corporation Ltd Cumulating Over Rs. 570 Crores

PSL Ltd has informed BSE that the Company has on April 11, 2012 bagged a prestigious order from Indian Oil Corporation Limited cumulating to approximately Rs. 570 Crore for the manufacture of pipes and provisions of ancillary coating services towards the Salaya - Mathura Pipeline De-Bottlenecking Project. In accordance with this order the Company will be required to supply 28 - inch diameter coated steel pipes of X - 70 grade and upto 40 feet in length. These supplies will be made from Company's already geared up plants at Jaipur and Kandla.

Further the Company has also inform that it has successfully completed pipe production for an earlier order from Gas Authority of India Limited for supply of pipes valuing Rs. 753 Crores from its other two plants located at Chennai and Vizag. Major portion of this supply was of API X - 80 Grade Pipes.