PSL receives Prestigious Contracts from GSPL, Allseas and NPCC worth Rs.1045 crores

PSL Ltd has announced that the Company has bagged several Onshore & Offshore Pipeline Projects Order valuing Rs 1045 Crores in the month of April 2007 as per following details:

1. The Onshore Gas Pipeline Projects Orders worth Rs 700 Crores for supply of pipes for GSPL‘s Gas Grid along with export Orders from Iran & Malaysia.

2. The Offshore Pipeline related services Project Orders worth approx. Rs 175 Crores have been received from M/s Allseas and NPCC - two leading turnkey offshore construction companies operating in the region.

3. Few miscellaneous orders aggregating to approx Rs 170 Crores for supply of equipment and pipe exports during April 2007.

The stock closed on Wednesday at Rs.206.30, down by Rs.0.30 or 0.15%. The total traded quantity was 2066 compared to 2 week average of 4139. The stock hit an intraday high of Rs.209 and low of Rs.205.55.

Source : Equity Bulls

Keywords