PSL awarded contract valuing US$ 21 million by Reliance Ports & Terminal

PSL Ltd has announced that has been awarded with a prestigious contract valuing US$ 21 million by Reliance Ports & Terminal Ltd (RPTL) for anti corrosion & weight concrete pipe coating.

The said contract which includes design, engineering, supply & installation of sacrificial anodes, fabrication and coating work of induction bends for subsea 48" & 30" diameter pipelines for crude / product SPM systems for Reliance Jamnagar export refinery project, is expected to be completely executed between Sept, 2006 and Feb, 2007.

The company has core competence in the discipline of engineering for "Offshore Pipe Coating Project" meeting stringent international technical specification and is also a sole service provider for design, engineering, supply & installation of sacrificial anodes, fabrication and coating of induction bends in this region.

Further the Company has informed that the Company had recently successfully completed similar work for a 48" dia anti-corrosion pipe coating for Dolphin Energy Ltd, valuing approx. US$ 34 million.

Bagging of this prestigious contract by the Company from Reliance Ports and Terminal Ltd evidences the faith that the Company’s valued customers have in the Company’s quality products and services.

Source : Equity Bulls

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