PSL bags Rs 168 cr order from L

Mumbai, May 22 (UNI) PSL Ltd has received a major water pipeline project from Larsen&Toubro's subsidiary ECC, Chennai, for supply of coated pipes worth Rs 168 crore for a Japanese funded project being implemented by Kerala Water Authority.

Announcing this to the BSE, the Company said the coated pipes are to be supplied in compliance with international technical specifications as per API requirements, including external anti-corrosion coating; with steel grit blasting and also shop applied internal cement lining.

The completion schedule of this project shall be September 2006 to December 2006. The project will serve drinking water requirements in eleven cities and small towns.

Meanwhile, the Company has announced its investment plans in UAE.

It will set up its manufacturing plant in Hamriyah Free Trade Zone, Sharjah, and will start its operations by early 2007. The Company has also received an order worth Rs 181.5 crore from GAIL for supply of 164.5 Kms of pipe. It will make these pipes once again for Dahej Uran Pipeline project.

UNI SN MAZ VKG1530