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PSL Ltd. Company History and Annual Growth Details

YEAR EVENTS
1987 - PSL Holdings Limited, a flagship Company of the PSL group was incorporated on
24 August as a 'Private Limited' Company under the Companies Act 1956 and
commenced commercial operations for pipe coating plants in 1988 and Fusion
bonded epoxy coating plants in 1989. Subsequently, it became a deemed Public
Limited Company under Section 43 A (1A) of the Companies Act, 1956, with effect
from 1st July, 1994, and the word 'Private' was deleted by the Registrar of Companies,
NCT of Delhi and Haryana.

- The Company's diversified range of activities include protective coatings (both internal
and external) for steel pipes, epoxy coating for reinforcement bars (Rebars), manufacture
of epoxy powder paint and galvalum range of aluminium Sacrificial anodes and
processing of iron ore.

- The Company has modem Coating Plants offering advanced pipe coating systems
to clients at different locations.

1989 - The plant set up at Daman is engaged in fusion bonded epoxy coating of reinforcing
steel bars. This product, under the brand name of 'Corrogard' can help to ensure the
life of an RCC construction to its maximum designed life. Fusion Bonded Epoxy Coatings
are used for buildings, bridges, flyovers, roads, highways, nuclear and chemical plants,
piers and wharves, sea walls, back waters, water trnatment plants, RCC pipes, railway
sleepers and electricity and telephone poles.

1992 - To meet the requirement of the mega pipe line Kandla Bhatinda project, two
more coating facilities were commissioned at Kandla and Panloat (near Delhi)

1993 - In technical collaboration with UPC (Management Services) Ltd. of U.K. the
Company has established the first Internal Pipe Coating facility in India at its Daman
yard. The collaboration agreement was signed on 11 May.

- The Company entered into technical collaboration with Commercial Resins, U.S.A,
one of the leaders in the United States in the field of Fusion Bonded Epoxy Coating for
RCC constructions.

1990 - The Company in technical collaboration with Lilly Powder Coating Inc (U.S.A),
commissioned a plant for manufacture of Epoxy Powder Paint in special grades used
for oil and gas pipelines, potable water and product, pipelines, becoming the only unit in India
1992 - The modern plant commissioned at Kandla has a capacity to manufacture 1500 MT
per annum of Galvalum Sacrificial anodes for cathodic protection system. It has a
mechanised foundry with induction furnace, spectometer for carrying out spectrographic
analysis and a well equipped laboratory.

- The Company Commissioned an iron ore processing plant with a capacity of
1,00,000 mt per annum of processed iron ore at village Thakuron Ki Dhani,
Tehsil Shahpura, near Jaipur in Rajasthan to meet the, specialised raw material
requirements of the Company's own pipe coating division and to cater to the demand
from other pipe coating Companies.

2000 - PSL Holding Ltd, a Rs 300-crore group, is setting up an
anti-corrosion plant in chennai.

2002

-Captures an order worth Rs.605 crs from Gas Authority of India for decay protection and pipe coating.

2003

-Bags pretigious contract from Indian Oil Corporation for an aggregate value of Rs. 122.85 crs.

-Appoints Shri Prakash Vinayak Apte as the Additional Director of the company.

-Appoints Mr N C Sharma as the Additional Director of the company.

-Bags contract worth Rs. 1450 mn from L & T Ltd to carry out the vishakapatnam Industrial Water Supply Project.

2004

-PSL bags US $ 13.1 million contract in Oman

-PSL Ltd has recently been awarded with an order for supply of API grade X60 pipes for a gas transmission pipeline to be laid in Bangladesh

-PSL wins export orders of Rs 75 cr from Bangladesh, Oman to supply pipes

-Bags icic loman order of Rs 121 crore for the supply of spiral welded pipes from Hindustan Construction Company to carry out the Godavari Lift Irrigation Scheme project for Government of Andhra Pradesh.

-PSL Ltd has bagged three orders for a value totalling Rs 300 crore from Bangladesh Gas Transmission Co Ltd, Indian Oil Corporation and Hyundai Heavy Industries for ONGC

-Delist from The Delhi Stock Exchange (DSE) with effect from December 11, 2004.

2005

-PSL joins hands with Deutsche Bank

2006

- PSL Ltd has informed that the Company has bagged, against Global competition a prestigious contract for supply of pre coated API 5L Gr B (PSL 2) Spiral Weld Pipes valuing over US$ 20.0 million for meting the requirements of MINISTRY OF HOUSING, ELECTRICITY & WATER (MHEW) - OMAN.

-PSL Ltd has informed that the Company has bagged a prestigious contract for supply of Carbon Steel Barc Line Pipes valuing Rs 308 Crores for meeting the requirements of BINA Refinery in Sultanate of Oman.
 
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