CSAP expands contract with CHEC-AFI JV to supply additional coated pipes

News Image

MG News | August 21, 2024 at 03:20 PM GMT+05:00

0:00

August 21, 2024 (MLN): Crescent Steel and Allied Products Limited (PSX: CSAP) has agreed with China Harbour Engineering Company Limited (CHEC) – Al-Fajr International (AFI) Joint Venture (JV) to manufacture and supply an additional quantity of coated pipes in its existing contract.

Through this revision, CSAP will supply an additional quantity of 65,000 meters of coated steel line pipes for the K-IV project, the Greater Karachi Bulk Water Supply Scheme with hot rolled coils will be provided by the client.

Consequently, the total order value will increase from Rs5.886 billion to Rs8.595bn.

Manufacturing is expected to commence in the second quarter of the current financial year and shall be completed, hopefully, by the second quarter of the next financial year.

The scheduling and some other conditions are, however, being finalized.

To note, the company disclosed this development to market participants through a notice issued to the local exchange today.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 139,390.42
291.21M
0.71%
978.17
ALLSHR 86,260.96
576.29M
0.65%
558.00
KSE30 42,618.60
119.41M
0.86%
363.76
KMI30 196,907.86
123.77M
1.44%
2798.27
KMIALLSHR 57,276.87
259.26M
0.99%
563.20
BKTi 37,820.27
20.77M
-0.03%
-11.06
OGTi 28,214.64
47.07M
2.82%
774.00
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 118,825.00 119,785.00
117,905.00
1205.00
1.02%
BRENT CRUDE 71.89 72.82
71.60
-0.58
-0.80%
RICHARDS BAY COAL MONTHLY 96.50 0.00
0.00
2.20
2.33%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.50
-0.30
-0.29%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 69.49 70.41
69.21
-0.51
-0.73%
SUGAR #11 WORLD 16.47 16.61
16.28
0.02
0.12%

Chart of the Day


Latest News
July 31, 2025 at 05:47 PM GMT+05:00

Public grievance system introduced at EDB


July 31, 2025 at 05:18 PM GMT+05:00

PKR rises by 8 paisa against USD


July 31, 2025 at 04:57 PM GMT+05:00

Gold takes a Rs2,000 per tola hit


July 31, 2025 at 04:48 PM GMT+05:00

United Insurance resumes Guarantee Business operations



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg