PSL Ltd To Offer shares to Institutional Investors at Rs 138.88-160
Steel pipemaker PSL Ltd said on Friday it will offer shares to qualified institutional buyers at 138.88-160 rupees each.
In June 2009 PSL's Board had appoved raising Rs 5.5 billion, Rs 2.5 billion of which is to be raised by external commercial borrowing and Rs 3 billion through qualified institutional placement.
The company has bid for orders in Middle-East and North Africa. It is also enhancing capacities at its Indian manufacturing facilities in Chennai, Vizag and Jaipur.
PSL plans to raise its domestic capacity to 1.3 million tonnes from the current 1.1 million tonnes by the end of the current financial year that started April 1 at an expected cost of around Rs 2 billion.
PSL is currently the market leader in India with over 1 million ton production caacity for HSAW pipes.
Tags
null ,
Related
Previous Article
Next Article
| Readers' Comments | Post a Comment >> |
Previous Article
Next Article
News by Sector
| Dealforwards |  |
Most Viewed
| May 11, 2012... | Panasonic Acquires 76.2% In Firepro Systems |
|
| May 14, 2012... | OCS Systems Acquires Lighthouse Funds Backed Radiant Hospitality |
|
| May 14, 2012...1 |  |
India Value Fund May Invest Upto R500Cr In Manipal Hospitals |
| May 14, 2012... | Jain Irrigation Acquires NaanDanJain |
|
| May 11, 2012... | EWDL To Raise R250Cr Through PE Route |
|
Browse by Category
Browse by Industry
