PSL Ltd has bagged an approximate Rs 570 crore order from Indian Oil Corporation Limited for the manufacture of pipes and provisions of ancillary coating services towards the Salaya - Mathura Pipeline De-Bottlenecking project.
"In accordance with this order the Company will be required to supply 28 - inch diameter coated steel pipes of X - 70 grade and upto 40 feet in length. These supplies will be made from Company's already geared up plants at Jaipur and Kandla," the company on Wednesday said in a filing to BSE.
Further the company has also inform that it has successfully completed pipe production for an earlier order from Gas Authority of India Limited for supply of pipes valuing Rs 753 crores from its other two plants located at Chennai and Vizag.