The PSL scrip rose 11.3 per cent to Rs 142.15 on winning an order from GAIL. The company bagged an order of around Rs 500 crore from GAIL India for the supply of steel linepipe for the Dahej-Vijaipur Pipeline Upgradation Project.
PSL secured this order through a competitive global bidding process and will supply high quality API 5L X-80 grade large diameter steel linepipe to the state-run gas utility. The stock made an intraday high of Rs 145 and a low of Rs 131. Total traded volumes increased 3.5 times of its two-week average to 7.7 lakh shares.