01:11 PM (Wed): PSL bags order for steel pipes worth Rs924 Cr

Mumbai, Jan, 25 (EPC News): PSL Ltd, a leading manufacturer of steel pipes, has secured several orders aggregating a total of approximately Rs924 crore within the past quarter for the provision of pipes and ancillary coating services.

Ashok Punj, Managing Director PSL Ltd stated, “All of these order were booked in the third quarter of the current financial year, which has been better than the previous two quarters. The fourth quarter is likely to continue along the same lines, reflecting an improved economic environment for the business.”The orders have been secured from leading engineering and construction companies which includes Nagarjuna Construction, Megha Engineering and Infrastructure, Pratibha Industries and SPML.

The order comprises the supply of steel pipes & coating services across the water, power, oil & gas and offshore sectors. The company is set to commence the work immediately and plans to commission some of its projects within the coming financial year. The company will engage 1.775 million tonne capacity of its plant located in Kandla in Gujarat for the production of this steel pipes.

EPC World News