Sui Northern Gas Company Limited (PSX: SNGP) has awarded a contract to Crescent Steel and Allied Products Limited (PSX: CSAP) for the supply of 12 and 18-inch diameter bare steel line pipes amounting to Rs. 2,740 million.
The aforesaid contract is expected to be executed and completed by the third quarter of FY 2024-25, CSAP said in a stock filing on Tuesday.
CSAP operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet) segment.
At the time of filing, the company’s scrip at the bourse was Rs. 97, up 5.77 percent or Rs. 5.29 with 2.4 million shares on Tuesday.
