PSL - Secures Order From Reliance

PSL Secures Order Worth US$ 21 mn For RIL - K.G. Basin Pipeline Project

PSL Ltd on March 13, 2007 has bagged an order worth US$ 21 million for the gas field known as KG-DNN-98/3, within the K.G.Basin, Bay of Bengal, off the east coast of India.

Mr. D N Sehgal, Director of the Company, said, "The gas find being developed by RIL lies in Water Depths ranging from 400 meters in the Northwest to over 2000 meters in the South ease, and requires very special anti-corrosion and offshore concrete weight coating. The work is to be carried out with an extremely tight schedule demanding high levels of technical competence since the first two lots of Bare Line Pipe have already been received by the Company at its coating yard in Vizag."

The Company has established state-of-the-art onshore and offshore pipe coating yards at Kakinada in addition to the existing API-certified pipe mills and coating yards at Vizag. The sequence of operations and coating of bare line pipes at Vizag, and offshore concrete coating work both at Vizag and Kakinada, are to be carried out simultaneously, and require extremely detailed micro-planning in order to meet the stringent schedule for pipe laying work as laid down by the Turnkey Contractor; M/s. Allseas, Netherlands.

The scope of responsibilities for the Company also includes the design, engineering, supply, and installation of sacrificial anodes, fabrication and coating of induction bends, and other allied works like fabrication of spools at Kakinada.

The high-technology facilities being developed by the Company at Kakinada will go a long way in serving other upcoming projects being implemented within the KG Basin, including the Grassroots Refinery of ONGC, onshore and offshore pipeline projects being implemented by GSPL, British Gas, and others.

Mr. Sehgal added that, "PSL, as subcontractors for M/s. Leighton, Malaysia, is also carrying out SPM Projects from its pipe coating yard at Kandla for offshore pipe coating work in support of the Reliance Jamnagar Project."

The K G Basin pipeline order at Vizag and Kakinada offers "TOTAL PIPE SOLUTIONS", and is being carried out simultaneously along with the SPM Project at Kandla. These constitute critical offshore projects that are being co-ordinated from the eastern and western coasts, and are an acknowledgment of and testimonial towards the Company's capabilities in both simultaneous and timely implementation of multi-locational offshore projects.

Source : Bombay Stock Exchange