Mumbai-based PSL has bagged orders
worth Rs.380 crore from Sharjah and Malaysia.
Petronas Malaysia has contracted for
$43 million (approx. Rs.176.3 crore) and in Sharjah the company have three
orders worth $50 million (approx. Rs.205 crore). Pipes for Petronas will be
supplied from the Kandla unit in Gujarat while for Sharjah the supply will
partially be from the new unit at Sharjah. Petronas will use PSL pipes for its
Peninsular Gas Utilisation Project - a Malaysian internal gas network. The order
will be executed by March 2008.
Apart from supplying pipes, the
company's unit in Hamriyah Free Trade Zone, Sharjah, will provide coating
services both for onshore and off-shore pipelines and cater to the UAE, Saudi
Arabia, Oman, Qatar and Kuwait. The Sharjah facility has an installed capacity
of 75,000 tpa of spiral pipes with facilities for three-layered polyethylene
(3LPE) coating, internal liquid epoxy coating, and concrete weight-coating.