PSL Commissions new pipe manufacturing facility

PSL Ltd has announced that the Company has now commissioned its new Pipe Manufacturing facility in Sharjah, UAE. The facility, located on 18 acres of land in the Hamriah Free Trade zone, has an installed Spiral pipe Production Capacity of 75,000 MT/annum, an internal / external Coating Plant and a Concrete-Weight Coating Plant. It has officially commenced supplies for the Oil, Gas and Water Sectors by producing Steel Pipes as of June 17, 2007.

The stock was trading at Rs.269, up by Rs.3.85 or 1.45%. The stock hit an intraday high of Rs.278 and low of Rs.264.20. The total traded quantity was 31264 compared to 2 week average of 16945.

Source : Equity Bulls

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