PSL awarded two new prestigious contracts

PSL Ltd has announced that 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 as per following details:-

1. The first contract valuing Rs 2700 million has been awarded by L&T / ECC for an ADB funded project for supply of pipes duly provided with external Anti-corrosion coating & Internal Cement Lining for a water project in Rajasthan, and is to be completed by end 2007.

2. The second contract valuing Rs 2180 million relates to the prestigious "Dhabol-Panvel Pipeline" (190 Kms)of GAlL.

Further the Company has informed that in addition to the two contracts awarded earlier by GAIL and this new Contract now awarded, the Company can now boast of having secured all key orders from GAIL aggregating to Rs 6400 million for large Diameter Gas Pipeline Tenders.

Bagging of such prestigious contracts by the Company evidences the faith that the Company´s value customers have in the Company´s quality products and services.

Source : Equity Bulls

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