CSAP secures Rs1.5bn steel pipe contract

MG News | December 23, 2024 at 01:27 PM GMT+05:00

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December 23, 2024 (MLN): Crescent Steel and Allied Products Limited (PSX: CSAP) has been awarded a contract valued at Rs1.5 billion (excluding sales tax) for the supply of 40-inch diameter coated steel line pipes.

The contract has been granted through a contractor and is expected to be executed and completed by the fourth quarter of FY 2024-25, the company's filing on PSX revealed today.

This is in accordance with section 96 of the Securities Act 2015 and Clause 5.6.1(a) of the PSX Regulations of the Pakistan Stock Exchange Limited.

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