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PSL bags Rs.380 crore from Sharjah, Malaysia

Thursday, 21 Jun 2007
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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.

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