PSL gained 2.14% to Rs 313 at 13:04 IST on BSE after the company said it has secured two orders worth Rs 1,225 crore from Larsen & Toubro and HPCL-Mittal for laying pipelines.
The stock hit a high of Rs 321 and a low of Rs 309 so far during the day. The stock had a 52-week high of Rs 588 on
The company’s current equity is Rs 42.17 crore. Face value per share is Rs 10.
The current price of Rs 313 discounts its Q3 December 2007 EPS of Rs 28.37, by a PE multiple of 11.03.
One of the two orders is valued at Rs 917 crore received from HPCL-Mittal for supplying steel pipes for the Mundra Bhatinda crude oil line. The other order is valued at Rs 308 crore secured from Larsen & Toubro (L&T) for water transport.
PSL’s net profit rose 45.1% to Rs 30.19 crore on 32.1% growth in net sales to Rs 659.05 in Q3 December 2007 over Q3 December 2006.
PSL manufactures pipes to meet requirements from all sectors, including oil and gas. Its mills are equipped with internal and external pipe-coating facilities to meet technical requirement of the oil, gas and water sectors in conformity with international specification. It has facilities at Kandla and Ahmedabad in
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