The Sensex declined by 4.5 per cent or 785.30 points from 17,434.94 on May 16 to 16,649.64 on May 23.
The company won a contract from Hanwa, Japan, for about 60 kms of steel pipes for the offshore Palm Beach housing complex being developed by Nakheel Corporation at Jebel Ali, UAE. PSL will supply pre-coated piling pipes fabricated from special steel along with external anti-corrosion coating.
Since the production and supply of these special grade pipes will be effected from PSL's Hamriyah FTZ facility, there will be no export taxes.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app