PSL has planned to set up one large pipe mill of capacity 3.5 lakh tpa that
would cost Rs.300 crore. Besides, smaller mills of 0.75 lakh tpa would also be
set up. PSL is expanding capacity to meet the growing orders from the Middle
East.
Finer project details are being worked out. It
may be mentioned that earlier during June 2005, PSL's board approved the
company's proposal to raise long-term finances of Rs.300 crore including foreign
currency convertible bonds worth $40 million (approx Rs.180 crore.)
Also See:
PSL
to raise funds for expansion (08-Jun-05)