New Orders Increased PSL

The announcement was made during trading hours today, September 19, 2011.

Meanwhile, the BSE Sensex down 169.05 points, or 1%, to 16,768.22.

On BSE, 2.51 lakh shares were traded over the counter compared to the average volume of 26,000 shares in the last two weeks.

The stock reached a high of Rs 67.25 and a minimum of Rs 62.25 so far during the day.

Last orders have pocketed unit PSL, the PSL North America LLC, for the supply of API certified large diameter pipes high pressure steel gas for an estimated duration of more than 100 miles. These tubes must be coated stainless steel anti-corrosion, and should be used to transport the shale gas projects under development in southern and northeastern sections of the United States, PSL, he said.

Net income increased 6.78% to Rs 14.48 crore PSL 3.31% increase in net sales of Rs 516.87 million rupees in June 2011 in Q1 Q1 June 2010.

PSL is one of the largest tube manufacturers in Asia with 12 tube mills strategically positions along the coast based in Chennai, Kandla Vishakapatnam, Ahmedabad, Jaipur, Rajasthan, Daman and Sharjah. The company produces and distributes spiral tubes with ‘(American Petroleum Institute) API standard for the transfer of oil, gas and water, as well as structural and piling applications for both onshore and offshore sectors.


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