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PSL Secures Order from Indian Oil Worth Rs. 570 Crore For Salaya-Mathura Pipeline Debottlenecking Projectyloans.com >pa
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PSL - Wednesday, April 11, 2012
 

Company Completes the supply of pipes for Kochi-Kottanad-Bangalore-Mangalore Gas Pipeline (KKBMPL) Project of GAIL India

 PSL Limited, a global leader in manufacturing and coating of pipes for transporting hydrocarbon products, water products, and steel structural applications, and the largest manufacturer of high-grade large diameter Helical Submerged Arc Welded (HSAW) pipes in India, today announced that it has bagged an order from Indian Oil Corporation Limited (IOC) cumulating to approximately Rs. 570 crore for the manufacture of pipes and provision of ancillary coating services towards the Salaya-Mathura Pipeline (SMPL) Project.

The company is to supply 28-inch diameter coated steel pipes for IOCs 821 km. oil pipeline de-bottlenecking project. Production for this order is expected to commence almost immediately, with pipe for this particular project being of X-70 Grade and up to 40 feet in length. PSL’s state-of-the-art pipe mills located at Jaipur and Kandla shall be pressed into service to meet the aforementioned supply requirements - these facilities are fully geared to meet the challenge and complete supply within the current financial year.

It would also be interesting to note that very recently PSL successfully completed the pipe supply requirements for another large oil & gas major, GAIL, adhering to the most stringent quality specifications. The total order value was Rs. 753 crore, and the total length of pipe supplied was an estimated 735 km., of which 437 km. comprised API X-80 Grade Pipes and the remaining 298 km. comprised API X-70 Grade Pipe. This was the third major gas pipeline being implemented by GAIL utilizing high-grade X-80 pipe, making GAIL, and India, operators of the second largest X-80 pipeline network globally. Both PSL’s Chennai and Vizag pipe mills, which were in close proximity to the pipeline’s right-of-way (ROW), enabled PSL to offer not just competitive prices but timely delivery as well.

Mr. Ashok Punj, MD, PSL Limited stated “PSL has steadily built its strong supply-chain capabilities over many years, and therefore looks forward to ever-enhancing participation in the development of the nation’s energy grid and oil & gas network. These orders reinstate the trust of our clients in PSL Limited and further strengthen our foothold in the Indian market. We are positive that our technical expertise and the proximity of our various mills to these projects will deliver high quality products and services to our customers in a prompt manner.”

Following the receipt of these projects, the standalone order book of PSL Limited stands at approximately Rs. 3,050 crore, while the consolidated order book is approximately Rs. 3,610 crore, with various high-value bids still outstanding and currently awaiting award.

 
     
     
     

 

 
 
 

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