India''s PSL Ltd bags $55.5 million Qatar order
By Our Corporate Bureau | 22 Sep 2005
The contract was handed to PSL after Saipem evaluated the Indian company''s Kandla facility.
Speaking about the order Ashok Punj, managing director, PSL said, "This is the first time, Indian capabilities are being utilized to service offshore pipe coating requirements in the Gulf. The impact of the deal would get reflected in the company''s books during the second half of this fiscal."
PSL expects to complete the immediate requirement by the end of 2005 since Saipem/Dolphin Energy intend to undertake deep sea pipe laying activities commencing in the fourth quarter of 2005.