NEW DELHI - Steel pipe maker PSL Ltd on June 15 said it expects to sign projects worth over US$120 million from India and the Middle East in the July-September quarter and aims to have an order book of about Rs 3,500 crore by March 2012.
"We are expecting to get significant order from Saudi Arabia, which will be about supplying 250,000 tons of line pipes. We have already submitted the bid but the order has not yet been placed," PSL Managing Director Ashok Punj said.
He added that the tender is roughly in the range of US$100 million to US$120 million.
In May, the company commissioned its second pipe mill of 75,000 tons a year capacity at Sharjah, taking the total pipe production capacity to 1,50,000 tons per year in the Middle-East through its subsidiary PSL FZE, Hamriyah.
"Both the units are currently producing pipe for the order, which we won in March from Saudi Arabia," he said, adding that the company currently has an unexecuted order book of roughly Rs 2,500 crore.
"The aim is to take it to Rs 3,500 crore by the year-end," Punj said.
PSL has also bid for supplying line pipe for two pipelines - Indian Oil's Salaya-Mathura pipeline expansion project and Mehasana-Srinagar pipeline via Bhatinda of Gujarat State Petroleum Corporation (GSPC), he said.
Showing posts with label steel pipe. Show all posts
Showing posts with label steel pipe. Show all posts
Thursday, June 23, 2011
Wednesday, April 28, 2010
EU begins seeking suppliers for pipe to build Nabucco Pipeline
VIENNA - The European Union's Nabucco gas pipeline took a step closer to becoming reality on April 23 when the consortium building it launched the process to find companies to supply the pipe needed for the project.
Nabucco Gas Pipeline International said it formally started the process to find a supplier for "long-lead items" - such as pipes and valves - needed for the 2,060-mile pipeline.
"The pre-qualification for long-lead items is a substantial step towards starting construction at the end of 2011," Nabucco managing director Reinhard Mitschek said.
Nabucco, estimated to cost $10.5 billion (7.9 billion euros), is intended to bring gas from central Asia to southeastern Europe, initially running from Azerbaijan to Ankara in Turkey and then on to Vienna.
The EU sees it as vital to energy security following a number of recent disputes that disrupted supplies of Russian gas to some countries in eastern and central Europe.
Nabucco Gas Pipeline International said it formally started the process to find a supplier for "long-lead items" - such as pipes and valves - needed for the 2,060-mile pipeline.
"The pre-qualification for long-lead items is a substantial step towards starting construction at the end of 2011," Nabucco managing director Reinhard Mitschek said.
Nabucco, estimated to cost $10.5 billion (7.9 billion euros), is intended to bring gas from central Asia to southeastern Europe, initially running from Azerbaijan to Ankara in Turkey and then on to Vienna.
The EU sees it as vital to energy security following a number of recent disputes that disrupted supplies of Russian gas to some countries in eastern and central Europe.
Tuesday, April 14, 2009
U.S. steelworkers protest use of India-made pipe in Keystone project
GRANITE CITY, Ill. - Hundreds of steelworkers have protested in Illinois against the use of India-made steel in TransCanada’s Keystone oil pipeline project designed to connect Canada’s oil sands with the U.S. Midwest. The protesters demanded adoption of a “Buy American” policy by authorities.
Most such protests in the recent past have targeted steel pipe made in China. The Illinois protest was the first against pipe made in India.
The rally, which took place in Granite City, Ill., was organized by the United Steel Workers (USW) union. It attracted some 1,000 protesters in spite of near-freezing temperatures.
The slogan-shouting protesters demanded that the "Made in India" pipe be replaced with pipe manufactured in the U.S.
Organizers said the pipe made in India, destined for use in the Keystone Pipeline being built by TransCanada from the oil fields of Alberta in Canada to the Conoco-Phillips refinery in Illinois, are being unloaded from rail cars and transferred to tractor trailers at a time when some 2,000 workers at USS Steel are laid off from the adjacent steel mill.
The rally called for an end to the public policy of the past 30 years, which they alleged has led to the willful dismantling of the industrial and manufacturing base of the American economy and the loss of millions of decent, middle-class supporting jobs.
Participants at the rally demanded a new policy that emphasizes the development of new energy technologies and investment in the U.S. economy's infrastructure utilizing American-made manufactured products.
Robert Jones, the Keystone Pipeline project's vice president, said that when TransCanada solicited bids for the pipe in 2007, "it became pretty apparent that North American pipe mills weren't going to be able to fulfill our needs" because many were at capacity. Complicating matters, he said, was that only a certain number of pipe suppliers worldwide could make the high-tensile pipe required for the project.
So TransCanada contracted for about half of the pipe to come from U.S. and Canadian sources, with the rest from overseas, Jones said.
Most such protests in the recent past have targeted steel pipe made in China. The Illinois protest was the first against pipe made in India.
The rally, which took place in Granite City, Ill., was organized by the United Steel Workers (USW) union. It attracted some 1,000 protesters in spite of near-freezing temperatures.
The slogan-shouting protesters demanded that the "Made in India" pipe be replaced with pipe manufactured in the U.S.
Organizers said the pipe made in India, destined for use in the Keystone Pipeline being built by TransCanada from the oil fields of Alberta in Canada to the Conoco-Phillips refinery in Illinois, are being unloaded from rail cars and transferred to tractor trailers at a time when some 2,000 workers at USS Steel are laid off from the adjacent steel mill.
The rally called for an end to the public policy of the past 30 years, which they alleged has led to the willful dismantling of the industrial and manufacturing base of the American economy and the loss of millions of decent, middle-class supporting jobs.
Participants at the rally demanded a new policy that emphasizes the development of new energy technologies and investment in the U.S. economy's infrastructure utilizing American-made manufactured products.
Robert Jones, the Keystone Pipeline project's vice president, said that when TransCanada solicited bids for the pipe in 2007, "it became pretty apparent that North American pipe mills weren't going to be able to fulfill our needs" because many were at capacity. Complicating matters, he said, was that only a certain number of pipe suppliers worldwide could make the high-tensile pipe required for the project.
So TransCanada contracted for about half of the pipe to come from U.S. and Canadian sources, with the rest from overseas, Jones said.
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