16 May 07 PSL gets order from GAIL

PSL has informed the Indian stock exchanges that it has bagged a new order from GAIL India for supplying 124 kms of spiral pipe for Dabhol pipeline project. This project is worth Rs. 135 crores and adds to PSL Ltd’s bulging order book size of Rs. 2300 crores. This provides high earnings visibility making the PSL stock look very attractive. GAIL India has been giving new orders to many companies recently and the list includes Punj Lloyd (122.65 crores), Jaihind Projects (153 crores) and PSL (135 crores). All these orders are for the Dabhol pipeline project.

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