India's PSL Ltd Wins Pipeline Contract in the UAE
PSL Ltd has informed Bombay Stock Exchange that the Company has been awarded a contract valued over US$ 17 million (equivalent to Rs 807.70 million) to meet the requirement of High Pressure Gas Pipeline Project from UAE. The said contract is for supply of 48" X 20.6 mm thick spiral saw weld pipes as per API 5L Gr X 65 specifications.
The Company has recently commissioned its State of the Art Two Step Pipe Mill at Kandla in Gujarat (thereby bringing total number of mills operated by the Company to 11) to cater to high pressure oil & gas requirement both in the domestic as well as international market. The HSAW pipe mills established by the Company at Kandla, Chennai & Vizag having an aggregate capacity exceeding 1 million ton as per API 5L Gr 70/80 specifications very well meet similar global requirements.
This contract acknowledges the Company's ability to deliver line, pipes including anti-corrosion pipe coatings in this upcoming market while recognizing its commitment to delivery schedules & quality in such pipeline projects.