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PSL plans Rs.300 crore capex

Monday, 13 Jun 2005
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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)

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