PSL: Better volumes ahead, accumulate

The management anticipates increase in volume in coming quarters and expects good orders from domestic players like GAIL, Reliance, GSPL, GMR and Cairn Energy. The current consolidated order book stands at Rs2000 cr i.e. 0.5 times of FY10 net sales as on 29th May 2010 (while standalone order book position is at Rs1400 cr) and significant portion is expected to be executed in the next 9�-12 months

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