PSL to export $16 million worth API line pipes to Bangladesh and Oman

Our Corporate Bureau
07 February 2004

According to Ashok Punj, Managing Director, PSL Limited, "The Bangladesh and Oman orders reinforce PSL''s strategic thrust on exports, at the same time confirms our competitive position in south east Asia and middle east, which are lucrative markets. Bangladesh is in the process of constructing a gas distribution pipeline network, for utilising its abundant gas reserves currently being exploited. We are confident of securing further orders in the coming years, on successful completion of the current project".

The order from Bangladesh, valued at Rs 14 crore (US$ 3.18 million), is for supplying API grade X60 pipes for the Nalka-Bogra gas transmission project in Bangladesh, despite stringent international competition for this high quality grade. PSL will supply approximately 7,000 tonnes of pipes for laying 55 kms of high-pressure gas pipelines, which can withstand operating pressures of 1135 psig.

The order from Oman worth Rs 58 crores (US$ 13.1 million) has enabled the company to participate in the prestigious Bidbid Fanja and Samail township projects by exporting approximately 18,000 tonnes of large diameter steel API 5L grade B pipes to cover a distance of 61.63 Kms.

PSL has already commenced production at its API approved HSAW Pipe Mills near Kandla Port.

PSL Limited, the flagship company of the PSL group, recently doubled the capacity of its pipes division to 6,75,000 m/t per year with nine operating pipe mills, making it the largest capacity pipe manufacturer in the country. The company produces a variety of speciality coated pipes, including spirally submerged arc welded pipes for transporting gas, oil, water and petroleum for ONGC, GAIL, HPCL, BPCL and IOC among others.