March 31, 2022 (MLN): K-IV project will likely be a potential future business for Crescent Steel and Allied Products (CSAP) but at present, the company has not even participated in any tender for the K-IV project, the company clarified in response to the news circulating in sections of the media.
The news was first published by MG-News on March 17, 2022, titled “Crescent Steel to supply 158,000 MTs steel for K-IV project” which was based on a briefing takeaway of the corporate briefing session held on March 16, 2022, covered by a well-known brokerage house.
The said article had misinterpreted the message which later got clarified by the brokerage house pertaining to the company’s intention to the project. If the project gets the green light in the future thus then the company “may expect” to get some orders in that case.
MG-News has amended the said article accordingly.
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