PSL Ltd has bagged a Rs 143-crore order from the Gujarat
government to supply spiral weld pipes for their water
project undertaken in the Kutch area. This is one of the
largest water projects of its kind undertaken by the Gujarat
government in the area, which is being funded by Asian
Development Bank (ADB).
turnkey water pipeline order includes setting up a new
water pipeline network through the Kutch area, which will
help in substantially improving the perennial water problem
in these areas. The ADB-funded project is scheduled for
completion in around five months.
PSL managing director Ashok Punj: "The order represents
an enhanced business relationships with our customers
and clearly illustrate the company''s commitment in project
execution competencies in a most cost-effective manner
and providing quality as per international standards."
scope of the project includes manufacturing and supply
of approximately 75,000 Mt of pipes in various diameters
to be manufactured in its five state-of-the-art-manufacturing
facilities at Kandla. PSL, the largest capacity steel
pipe manufacturer in India, with nine pipe mills at strategic
locations around the country, is well equipped to complete
the project in designated five months.
five spiral weld pipe mills have concrete coating and
lining plants near Kandla with a capacity exceeding 375,000
MT every year. These pipelines also include the recently
commissioned pipeline in Kandla, which will commence commercial
production in December 2003 with the current project.
company''s gross profit rose to Rs 11 crore for the quarter
ended 30 September 2003, up from Rs 7.47 crore during
the same period last year, a phenomenal growth of 47 per
cent. PSL is confident of maintain this growth trend through
the financial year in keeping with its strong order backlog
of around Rs 1,095 crore, including the current order,
along with projects received and under execution.
total bidding for the project was divided into four lots
to increase price competitiveness to solicit international
and domestic bids from leading suppliers. PSL emerged
as the lowest bidder while submitting a substantial responsive
bid as per ADB guidelines and procedures.
the flagship company of the PSL group, is engaged in various
types of pipe coating and pipe manufacturing at Daman,
Kandla, Nani Chirai, Chennai and Vishakhapatnam. PSL has
virtually doubled the earlier existing capacity of its
pipes division with a capacity addition of three new pipe
mills. Consequently, the aggregate pipe manufacturing
capacity of PSL now stands at a proud 5,25, 000 Mt a year,
making the company the largest capacity pipe manufacturer
in the country.
its coating business, the company undertakes coal-tar
enamel coating, internal epoxy coating and three-layered
polyethylene coating. These coated pipes are used for
transportation of gas, oil, water and petroleum. PSL also
manufactures spirally submerged arc welded (SSAW) pipes.
The list of PSL''s clientele includes ONGC, GAIL, HPCL,
BPCL and IOC.