PSL emerged successful lowest bidder for Indian Oil Gas pipeline from Dadri to Panipat

PSL Ltd has announced that the Company has emerged successful as the lowest Bidder as Indian Oil Corporation opens the price bid for its First Gas Pipeline from Dadri to Panipat for Pips of 30" Diameter.

The Project cost (Bid) is approximately Rs 165 Crores and receiving this order will be a step further with the Company's association with Indian Oil Corporation.

The Company's un-executed Order Book on receipt of this Order will exceed Rs 2400 Crores.

The stock was trading at Rs.289.90, down by Rs.0.35 or 0.12%. The stock hit an intraday high of Rs.298 and low of Rs.277.50. The total traded quantity was 106146 compared to 2 week average of 62872.

Source : Equity Bulls

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