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PSL commissions $100 mn mfg facility in US

PSL commissions $100 mn mfg facility in US
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First Published: Mon, Oct 06 2008. 01 44 PM IST
Updated: Mon, Oct 06 2008. 01 44 PM IST
PTI
Mumbai: Pipe maker PSL today said it has commissioned a $100 million (about Rs 474.50 crore) manufacturing facility in the United States.
The facility is set up by the company’s subsidiary - PSL North America LLC - at Port Bienville Industrial Park in the State of Mississippi, PSL said in a statement to Bombay Stock Exchange.
With the commencement of the new facility, the company can execute over $400 million (Rs1,898 crore) order for supply of pipes.
Shares of the company were trading at Rs208, down 5.04% in the afternoon trade on BSE.
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First Published: Mon, Oct 06 2008. 01 44 PM IST