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Corporate - Overseas Investments
PSL's US unit commissioned


Coimbatore, Oct. 6

PSL Ltd has informed that the new pipe manufacturing facility set up by the company's subsidiary PSL North America LLC (PSL NA) at Port Bienville Industrial Park in the State of Mississippi, US has been successfully commissioned consequent upon rolling of the unit's first pipe. The $100- million facility is strategically located along the Gulf Coast just outside the Bay St. Louis. PSL NA has become the first and only company amongst the new generation Two Step Mills to commence production in 2008. As it can now commence execution of over $400 million order for supply of pipes and associated coating, already acquired by the company in May 2008 it will be able to achieve and maintain its scheduled compliance. - Our Burea

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