Last traded ₹0.45 on 12 Oct 2020
Delisted on 31 Jul 2023.
PSL share news and announcements
648 announcements, routine notices left out, newest first. Page 13 of 13.
Apr 2009
2 Apr · Board meeting
To take on record the Audited Financial Results for the full financial year ended on March 31, 2009. Further, at the said meeting itself the Board shall also consider recommending payment of Final Dividend for the Financial Year 2008-09.
Mar 2009
19 Mar · Results
We propose to get the financial results for the entire financial year ending on March 31, 2009 audited at an early date. We therefore plan to publish the Audited Financial Results for the Financial Year 2008-09 within three months period
Jan 2009
30 Jan · Dividend
Board of Directors of the Company at its meeting held on January 30, 2009 decided to declare an interim dividend of Rs. 2.50 per share on the fully paid up equity share of Rs. 10/- each.16 Jan · Board meeting
To take on record the un-audited financial results (Provisional) for the quarter ended on December 31, 2008 and also to consider and approve payment of an Interim Dividend for the Financial Year, 2008-2009. Further, the Committee of Directors in its meeting held on January 09, 2009 has also decided to fix February 06, 2009 as the "Record Date" to enable the Company to make payments of Interim Dividend for the Financial Year 2008-2009, if the Board in its aforesaid meeting declares the said Interim Dividend. In such a situation the said Dividend would be payable from February 20, 2009.
Oct 2008
14 Oct · Board meeting
Meeting on 24 Oct 2008: “Unaudited financial results for qtr ended September 30, 2008”6 Oct · Updates
New Pipe Manufacturing Facility set up by Company's Subsidiary namely PSL North America LLC (PSL NA) at Port Bienville Industrial Park in the State of Mississippi, USA has been successfully commissioned consequent upon Rolling of Unit's First Pipe. The 100 Million US $ Facility on 156 acres of land is strategically located along the Gulf Coast just outside the Bay St. Louis. With the above mentioned development PSL NA has become the First and only Company amongst the new generation Two Step Mills to commence production in 2008. As it can now commence execution of over US$ 400 million Order for supply of Pipes and associated coating, already acquired by the Company in May, 2008 it will be able to achieve and maintain its scheduled compliance.
Sep 2008
9 Sep · Meeting
Proceedings of the Annual General Meeting of the members of the Company held on September 04, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Aug 2008
22 Aug · Dividend
Date of payment of the said dividend, if approved by the share holders would be September 04, 2008.14 Aug · Meeting
Board of Directors of Company in their meeting have decided to close the Register of Members and other Transfer Books of the Company from September 01, 2008 to September 04, 2008 (both days inclusive) with a view to enable the Company to make payments of final dividend @ Rs.2.50 per share which is in addition to Interim Dividend paid @ Rs.2.50 per share in January, 2008, thus making a total Dividend of Rs. 5.00 per share for the Financial Year 2007-2008. The Annual General Meeting has been scheduled to be held on September 04, 2008.
Jul 2008
1 Jul · Board meeting
To take on record the Unaudited Financial Results (Provisional) for the Quarter ended on June 30, 2008.
Jun 2008
24 Jun · Dividend
Board of Directors of the Company at their meeting held on June 24, 2008 has recommend a total dividend of Rs.5.00 per share (inclusive of interim dividend of Rs.2.50 per share paid in January 2008) on the fully paid up equity share of Rs.10/- each. However, the final dividend of Rs.2.50 per share recommended today i.e on June 24, 2008 shall be paid to all eligible members/beneficiaries after declaration of dividend by the shareholders at the next Annual General Meeting.13 Jun · Updates
"Award of a Prestigious Contracts from BPCL". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.11 Jun · Updates
"Award of a Prestigious Contracts from Gail (India) Limited". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.10 Jun · Board meeting
To take on record the Audited financial result for the full financial year ended on March 31, 2008. Further at the said meeting itself the Board shall also consider recommending payment of Final Dividend for the Financial Year 2007-08.2 Jun · Receipt of Order
Florida Gas Transmission Company released an order on both PSL North America LLC (a Subsidiary of our Company) and PSL Limited for 543 miles of pipes and associated coating, for value of US$ 418 million. Receiving this order will be a step further in the Companies' association with the U.S. market
May 2008
13 May · Business
"Our subsidiary company PSL FZE, based in Sharjah, UAE, has been awarded an order for supply of steel pipes aggregating US$45 million." The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Apr 2008
21 Apr · Business
Company has been awarded with yet another series of prestigious orders encompassing supply of Steel Pipes for both Oil and Water Pipelines aggregating to Rs.1,225 Crores from two prestigious companies namely Larsen & Toubro Limited & HPCL - Mittal Pipelines Limited. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.17 Apr · Results
Company propose to get the financial results for the entire financial year ending on March 31, 2008 audited at an early date. Therefore, the company plan to publish the Audited Financial Results for the Financial Year 2007-08 within three months period as prescribed by Clause 41 of the listing agreement. In such a situation the company will not publish the Un-audited Result for the Quarter ended March 31, 2008 before April 30, 2008.
Jan 2008
18 Jan · Meeting
Proceedings of the Extraordinary General Meeting of the Company held on January 17, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.15 Jan · Dividend
Board of Directors in their meeting held on January 15, 2008 declared an Interim Dividend of Rs.2.50 per equity share for the Financial Year 2007-08. January 21, 2008 has been fixed as record date for the purpose and the same shall be paid to eligible members from January 30, 2008 onwards.
Dec 2007
31 Dec · Board meeting
To take on record the un-audited financial results (Provisional) for the quarter ended on December 31, 2007 and also to consider and approve payment of an Interim Dividend for the Financial Year, 2007-2008. Further, the Committee of Directors in its meeting held on December 28, 2007 has also decided to fix January 21, 2008 as the 'RECORD DATE' to enable the Company to make payments of Interim Dividend for the Financial Year 2007-2008, if the Board in its aforesaid meeting declares the said Interim Dividend. In such a situation the said Dividend would be payable from January 30, 2008.26 Dec · Meeting
Notice of the Extra Ordinary General Meeting of the Company scheduled to be held on January 17, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.20 Dec · Business
PSL has been awarded with yet another prestigious Contract for Supply of Coated Line Pipes and Long Radius Bends worth Rs.125 Crores for 200 Kms. long Dullajan Numaligarh Pipeline in Assam. PSL shall supply 16 inch Diameter Bare/ Coated Pipes entirely from its state-of-the-art Two-step Mill in Varsana, Kandla, Gujarat by Mid 2008. The above order from the Government of Assam substantiates PSL's firm hold in the globally tendered domestic pipeline supply segment as it has secured this project among competition from both international and domestic supplies. With the present order in hand PSL has bagged eighth successful order in domestic oil/gas industry pipeline tenders and has once again proven its competitive strength.18 Dec · Board meeting
As scheduled the Board met today i.e. December 14, 2007 and after very detailed deliberations, recognized the need of the Company to raise the long term funds upto US$ 125 Million. The Board has given its approval to raise this money by way of issuance of appropriate securities [including the shares under QIP scheme and/or issuance of Foreign Currency Convertible Bonds (FCCBs)]. The Board has also decided to call an Extra-ordinary General Meeting on January 17, 2008 to enable the shareholders to consider and approve the said issuance of securities and to also consider and pass the necessary resolution including the ones requires under section 81 (1-A).10 Dec · Board meeting
For considering the ways and means of raising long terms funds for the Company upto an amount of US$ 100 Million whether by way of issuance of shares, Foreign Currency Convertible Bonds (FCCBs) or any other such methodology as also to fix the date of Extra-ordinary General Meeting for necessary approvals from Company's shareholders for such fund raising.
Nov 2007
7 Nov · Miscellaneous
"We are indeed glad to inform you about an important development regarding achievement of Financial Closure by our Joint Venture Company namely "PSL North America LLC" for development of its integrated pipe manufacturing and coating facility in the State of Mississippi, USA, While on the subject, it is pertinent to mention that out of an estimated demand for 2,50,000 KM pipeline network worldwide in the next five years due to continuous enhancement in crude oil prices, approximately 1,00,000 KMS are estimated to be implemented in the North America, Middle East and Asia. Such projections of upcoming demand has motivated the Company to set up the above facility in Bay St. Louis, Mississippi by way of an investment of US$ 103 Million through the abovementioned established Joint Venture Company, "PSL North America LLC". The details of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.
Oct 2007
5 Oct · Board meeting
Meeting on 22 Oct 2007: “Unaudited Financial Results for the Qtr ended Sept 30, 2007”
Sep 2007
28 Sep · Meeting
As scheduled the Annual General Meeting was duly held on September 27, 2007. Further at the said meeting, while the shareholders considered the various businesses listed in the notice and passed the relevant Ordinary as well as Special Resolutions approving those businesses, the Chairman, while delivering his speech, enlightened the shareholders regarding various important developments relating to the Company that have taken place in the recent past including in particular the following. (1) Commissioning of a Production Facility at Kakinada, Andhra Pradesh. (2) Recommendation of a Dividend of Rs.5.00 per each equity shares of Rs.10/- by the Board of Directors. (3) Conversion of approx. 88.5% of the Zero Coupon convertible Bonds. The details of the business transacted at the AGM shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.19 Sep · Business
Our Company has bagged, against Global competition , a prestigious Contract from FUSION PROVIDA LTD., ENGLAND- a leading U.K. Company for supply of 1,24,000 Meters 3 LPE Coated Line Pipes having size of 20" X 9.5 API 5L X 60 valuing USD 17 Million to CAMEG S.P.A., ALGERIA.10 Sep · Dividend
Date of payment of the dividend, if approved by the shareholders would be October 09, 2007.
Aug 2007
27 Aug · Meeting
The Board of Directors in their meeting have decided to close the Register of Members and other Transfer Books of the Company with a view to enable the Company to make payments of Final dividend @ Rs. 2.50 per share which in addition to Interim Dividend paid @ Rs.2.50 per share in February, 2007 thus making a total dividend of Rs. 5.00 per share for the Financial year 2006-2007. The aforesaid Registers will close from September 24, 2007 to September 27, 2007 (both days inclusive). The Annual General Meeting has been scheduled to be held on September 27, 2007.8 Aug · Business
Our Company being a key enabler for infrastructure and construction projects, engaged in a diverse range of pipe coatings and pipe manufacturing has now been awarded with a prestigious contract valuing approx. Rs.165 Crores from Indian Oil Corporation Limited for their Dadri-Panipat Gas Pipeline Project which is the first trunk gas pipeline of IOCL. The said contract is for supply of 30 Inch Outer Diameter API 5LX70 grade pipes with, Anti-Corrosion Coating for a total length of 134 km.This Order will be executed by the Company at its State of the Art Two Step Pipe Mill at Kandla in Gujarat, which has been set up to cater to high pressure oil & gas requirement both in the domestic as well as international market.With this Order, which is likely to be completed by March 2008, PSL won its Seventh successful victory in domestic Oil Industry Pipeline Tender. PSL has thus successfully demonstrated its competitive ability by securing these Orders since the said seven orders exceed the aggregate value of Rs. 1570 Crores pushing the Order Book Value to over Rs.2,300 Crores
Jul 2007
21 Jul · Board meeting
Meeting on 31 Jul 2007: “Unaudited financial results for quarter ended June 30, 2007”
Jun 2007
25 Jun · Miscellaneous
Our Company, being a key player in the field, has emerged successful as the lowest Bidder as Indian Oil Corporation opens the price bid for its First Gas Pipeline from Dadri to Panipat for Pips of 30" Diameter. The Project cost (Bid) is approximately Rs.165 Crores and receiving this order will be a step further with the Company's association with Indian Oil Corporation. PSL's un-executed Order Book on receipt of this Order will exceed Rs.2400 crores22 Jun · Dividend
Board, at its meeting held on June 22, 2007 has decided to recommend a total dividend of Rs.5.00 per share (inclusive of interim dividend of Rs.2.50 per share paid in February 2007) on the fully paid up equity share of Rs.10/- each. However, the final dividend of Rs.2.50 per share recommended on June 22, 2007 shall be paid to all eligible members/beneficiaries after declaration of dividend by the shareholders at the next Annual General Meeting.19 Jun · Miscellaneous
Our Company has now commissioned its new Pipe Manufacturing facility in Sharjah, UAE. The facility, located on 18 acres of land in the Hamriah Free Trade Zone, has an installed Spiral pipe Production Capacity of 75,000 MT/annum, an internal/ external Coating Plant and a Concrete-Weight Coating Plant. It has officially commenced supplies for the Oil, Gas and Water Sectors by producing Steel Pipes as of June 17th, 200711 Jun · Board meeting
To take on record the Audited financial results for the full financial year ended on March 31, 2007. Further the Board shall also consider recommending payment of Final Dividend for the Financial Year 2006-07.5 Jun · Miscellaneous
In response of our Company's application to the Central Government, an in-principle approval has been granted for the establishment of a Special Economic Zone (SEZ) for "Alternative Energy and Energy Ancillaries" at the Port of Pipavav, Gujarat - a privately owned leading Port well connected by both road and rail. The said SEZ shall be primarily comprising of environmental friendly Units of alternate energy products and services such as biodiesel, solar, ethanol, wind generation etc. The Company will now be looking for attracting diversified firms in the Alternative Energy Sector to set up their Units in Pipavav so as to take direct advantage of the economic benefits of setting up a facility in SEZ as well as enjoy the advantages of close proximity to leading centers of growth at both national and international level
May 2007
14 May · Business
"Our Company being a key enabler for infrastructure and construction projects, engaged in a diverse range of pipe coatings and pipe manufacturing has now been awarded with a prestigious contract valuing Rs.135 Crores from GAIL India, owners and constructors of Dabhol - Panvel High Pressure Gas Transmission Pipeline Phase 2. The said contract is for supply of 30" diameter line pipe for 124 K.M. spiral saw weld pipes". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.4 May · Business
"Joint Venture With A&L Group in North America." The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)." For more details click here.
Apr 2007
26 Apr · Miscellaneous
Our Company has bagged several Onshore & Offshore Pipeline Projects Order valuing Rs. 1045 Crores in the month of April, 2007 as per following details :- (1) The Onshore Gas Pipeline Projects Orders worth Rs. 700 Crores for supply of pipes for GSPL's Gas Grid along with export Orders from Iran & Malaysia. (2) The Offshore Pipeline related services Project Orders worth approx. Rs. 175 Crores have been received from M/s Allseas and NPCC - two leading turnkey offshore construction companies operating in the region. (3) Few miscellaneous orders aggregating to approx. Rs. 170 Crores for supply of equipment and pipe exports during April, 2007.9 Apr · Results
Company proposes to get the financial results for the entire financial year ending on 31st March 2007 audited at an early date. The Company therefore plan to publish the Audited Financial Results for the Financial Year 2006-07 within three months period. The Company has further informed the exchange that in such a situation the Company will obviously need not to publish the un-audited Result for the Quarter ended 31st March, 2007.
Mar 2007
15 Mar · Business
"our Company has bagged an Order valuing US$21 Million". Further the Company has submitted to the Exchange a copy of Press Release dated March 13, 2007, titled 'PSL bags order worth US$ 21 mn for RIL - K.G. Basin pipeline project'. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.12 Mar · Allotment of shares
Psl Limited had informed the Exchange that the Board of Directors had approved raising of funds through QIP route. The company has now informed the Exchange that: "Board of Directors in their meeting held on 9th March 2007 had approved allotment of 20,97,000 Equity Shares of Rs.10/- each at a Premium of Rs.197.35 per share pursuant to Qualified Institutional Placement (QIP) Guidelines to the Qualified Institutional Buyers (QIBs) from whom the Company had received Bids".
Feb 2007
6 Feb · Miscellaneous
Our Company has now added a fifth dimension to its national pipe manufacturing grid by commissioning a newly installed Pipe Mill having an intial output capacity of 75,000 MT per annum which may be expanded to 1,50,000 MT per annum within this calendar year. The said Plant was commissioned recently in presence of Rajasthan State Government and Senior Officials of L&T who have placed order for supply of pipes on PSL for the prestigious "Bilaspur-Jaipur Water Pipeline". The newly commissioned Unit shall comprise of both internal and external Pipe Coating facilities to cater to the requirements of Oil, Gas and Water Sectors
Jan 2007
18 Jan · Dividend
At the Board Meeting held on January 18,2007 an Interim Dividend of Rs.2.50 per equity share for the financial year 2006-07 has been declared and shall be paid to eligible members on February 02,2007.3 Jan · Board meeting
To take on record the un-audited financial results (Provisional) for the quarter ended on 31st December 2006 and also to consider and approve payment of an Interim Dividend for the Financial Year, 2006 -2007.3 Jan · Corporate action
The Committee of Directors in its meeting held today i.e. on 1st January, 2007 has also decided to fix Tuesday the 23rd January, 2007 as the RECORD DATE to enable the Company to make payments of Interim Dividend for the Financial Year 2006-2007, if the Board in its aforesaid meeting declares the said Interim Dividend. In such a situation the said Dividend would be payable from 2nd February, 2007 to all such members whose names are born on the Register of Members of the Company and to all the beneficial owners of the shares of the Company as per the list, which shall then be furnished by the Depository in respect of the shares held in electronic form as on the so fixed Record Date i.e. 23rd January, 2007