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PSL secures $ 21mln Reliance Industries' contract

New Delhi, Mar 14 (UNI) PSL Ltd, steel pipe manufacturer, today bagged a 21 million dollar contract from Reliance Industries (RIL) for a gas field in the Krishna-Godavari basin.

The scope of responsibilities for the company, to be implemented at KG-DNN-98/3 gas field, 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 gas find being developed by RIL lies in water depths ranging from 400 meters in the northwest to over 2,000 meters in the South east, and requires very special anti-corrosion and offshore concrete weight coating,'' company Director D N Sehgal said. The work is to be carried out with an extremely tight schedule demanding high levels of technical competence, he added.

The company has onshore and offshore pipe coating yards at Kakinada in addition to the existing API-certified pipe mills and coating yards at Vizag.

PSL, as subcontractors for Leighton of 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, Mr Sehgal added.

The KG basin pipeline order at Vizag and Kakinada will offer total pipe solutions and is being carried out simultaneously along with the SPM Project at Kandla.

UNI

Six core-infrastructure industries grow 8.4 pc in Apr'06-Jan'07

New Delhi, Mar 14 (UNI) The index of six core-infrastructure industries -- crude petroleum, petroleum refinery products, coal, electricity, cement and finished (carbon) steel -- registered a growth of 8.4 per cent during April-January 2006-07, as against 5.8 per cent in the cortresponding period last month. In January, the six industries registered a growth of 8.7 per cent as compared to 8.2 per cent in same month last year. Crude petroleum production registerd a growth of 4.7 per cent in January.....

Merrill Lynch to launch Gold Fund

Lucknow, Mar 14 (UNI) Leading Asset Management Company (AMC) DSP Merrill Lynch Mutual Fund is awaiting the central finance ministry's nod to launch its Gold Fund. The offer document for the said fund has already been cleared by the Securities and Exchange Board of India (SEBI). ''The offer document now awaits necessary regulatory approval of the finance ministry, before it can be announced publically,'' Mr Vinay Shukla, DSP Merrill Lynch Vice President and Joint Head (Channel Sales) told UNI here. The.....

Slight intensity quake in Delhi

New Delhi, Mar 14 (UNI) A minor earthquake of the magnitude 2.3 on the Richter scale was felt here at 0309 hrs early this morning, an India Meteorological Department report said. The earthquake struck at 28.5 degree north latitude and 77.1 degree East longitude, the report said. UNI.....
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