Business

Crescent Steel Secures Rs. 2.1 Billion Contract from Sui Southern

Crescent Steel & Allied Products Limited announced on Thursday that it has been awarded a contract worth Rs. 2.1 billion by Sui Southern Gas Company Limited for the supply of steel line pipes.

“Sui Southern Gas Company Limited has awarded a contract to Crescent Steel and Allied Products Limited for supply of 24-inch diameter coated steel line pipes amounting to Rs. 2,212 million,” the company said in a notice to the Pakistan Stock Exchange (PSX).

It said that the contract is expected to be executed and completed in the fourth quarter of the current fiscal year (FY24).

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The company operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy, and Hadeed (Billet) segment.

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