PSL bags Mundra-Delhi pipeline coating order
By Our Corporate Bureau | 30 Sep 2005
This is the second time that PSL will be associated with HPCL in the current year, with the first one being the Rs250 crore contract bagged in the month of June 2005 for manufacturing API Grade X-65 pipes for the same project. .
According to managing director Ashok Punj, "Our first project with HPCL has already commenced at Varsana Works and is proceeding ahead of schedule towards completion."
PSL at its AGM also confirmed a dividend payout for the year at 45 per cent with the final dividend of 20 per cent. This is the 11th consecutive year of dividend payout by this rapidly growing company.