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PSL bags three orders worth Rs.300 crore

Saturday, 26 Jun 2004
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PSL has bagged three orders worth Rs.300 crore from Bangladesh Gas Transmission Co, Indian Oil Corporation and Hyundai Heavy Industries for ONGC.

The first order worth $9.3 million (approx Rs.43 crore) includes supply of 30 inch diameter API steel pipes for gas transportation from GTCL. The scope of work invloves manufacturing/ coating and supply of approximately 10,000 tonnes of pipes.

The second order worth Rs.32.1 crore received from IOC is for coating of 700Km long Chennai-Tiruchi oil pipeline. The order is to be executed within a time frame of six months.

The third order is the contract of offshore pipe coating work for the Mumbai Uran Trunk pipeline project along with Feeder pipelines from HHI, Korea (EPC contractor) of $48.50 million (approx Rs.228 crore). The project was scheduled to be completed between July 2004 and March 2005.

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