IFC INDIA OIL PIPELINE MANUFACTURER LOAN
January 1st, 2006
BY KEITH NUTHALL
THE INTERNATIONAL Finance Corporation (IFC), of the World Bank, is injecting US$20 million in financial support into Indian steel pipe maker PSL Limited. This is designed to help the company expand production capacity to meet rising domestic and international demand for large-diameter oil, gas and water steel piping. In particular, said the IFC, the money would help satisfy demand generated by recent gas finds in the Krishna Godavari Basin, off Andrha Pradesh. The money would also "improve its cost competitiveness, productivity, product ...
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