PSL slipped 0.42% to Rs 355 at 10:37 IST on BSE despite bagging an order worth $418 million from Florida Gas Transmission Company for laying 543 miles of pipes and associated coating.
The company made this announcement during trading hours on
The stock hit a high of Rs 362 and a low of Rs 350.05 so far during the day. The stock had a 52-week high of Rs 588 on
The company’s current equity is Rs 42.71 crore. Face value per share is Rs 10.
The current price of Rs 355 discounts its Q3 December 2007 annualised EPS of Rs 28.37, by a PE multiple of 12.51.
In May 2008, PSL’s subsidiary PSL FZE, Sharjah, UAE secured an order worth $45 million for supply of steel pipes.
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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