Financial Daily from THE HINDU group of publications
Sunday, Nov 06, 2005


News
Features
Stocks
Shipping
Archives
Google

Group Sites

Corporate - Announcements


PSL bags pipe coating contract from Hind Petro

Our Bureau

Mumbai , Nov. 5

STEEL pipe manufacturer PSL Ltd said it has bagged a pipe coating contract for the `Mundhra-Delhi Pipeline Project' worth Rs 71 crore from Hindustan Petroleum Corporation Ltd.

This order will consist of three layers of PE coating on bare line pipes and associated work of all the four parts — Part A-1, Part A-2, Part B-1 and Part B-2 for the Mundhra-Delhi project.

The company at its extraordinary annual general meeting held on November 4, announced to raise its capital to meet the cost of extensive expansion plans undertaken by it. Citigroup Global Markets Mauritius Ltd and Macquarie Bank Ltd have subscribed 10 lakh equity shares at Rs 252 per share by way of preferential allotment.

This is the second time that PSL is associated with HPCL in the current year. The earlier project was for manufacturing pipes for the Mundhra-Delhi Pipeline Project worth Rs 250 crore.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Tata Safari Dicor

Stories in this Section
No plans to merge MRPL with ONGC, says Subir Raha


Ma Foi to convert quarterly employment survey to half-yearly
PSL bags pipe coating contract from Hind Petro
ITH promotes European river cruises in India
Excel to buy Aimco shares
International Tractors mulls assembly unit in US
Nalco to develop coal block in Orissa for captive use
IFFCO forays into power, ropes in Chhattisgarh SEB to form joint venture
Moving up the energy value chain — Tripura power project may make paradigm shift in ONGC plans


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line