Crescent Steel bags Rs2.1bn pipe contract from Sui Southern Gas

MG News | December 28, 2023 at 03:34 PM GMT+05:00

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December 28, 2023 (MLN): Sui Southern Gas Company Limited has awarded a contract to Crescent Steel and Allied Products Limited (PSX: CSAP) for supply of 24-inch diameter coated steel line pipes amounting to Rs2.12 billion, the company's filing on the local bourse showed today.

The aforesaid contract is expected to be executed and completed in the fourth quarter of FY 2023-24.

To note, CSAP operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet) segment.

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