PSL bags Rs 1,928 crore order from Gail

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Mumbai, Jun 11 (UNI) Steel pipe maker PSL Limited today announced that it has bagged a Rs 1,928 crore contract from Gail (India) Limited for its Vijaipur-Dadri-Bawanab Pipe Line project for supply of carbon steel pipes.

The aggregate value of the contract, which is likely to be executed by the end of the current financial year, would be around Rs 1,928 crore, PSL said in a filing to the Bombay Stock Exchange.

PSL would supply carbon steel pipes of varying diameters, ranging from 20 to 48 inches, for a total length of about 470 kms, the company said.

With this order PSL's consolidated unexecuted order book stood at about Rs 6,000 crore. Shares of PSL closed at Rs 381, up by 12.72 per cent on the Bombay Stock Exchange.


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