Karachi November 30 2023: Crescent Steel and Allied Products Limited awarded additional quantity contract for supply of steel lines for the Greater Karachi Bulk Water Supply Scheme K-IV, according to company filing to the exchange.
Crescent Steel and Allied Products Limited has been awarded an additional quantity in its existing contract of 84” and 68” coated steel line pipes API 5L X42M PSL 2 with China Harbour Engineering Company Limited for manufacturing and coating of pipes (Hot Rolled Coils will be provided by the client).
Through this revision, we shall supply an additional quantity of 40,638 meters of coated steel line pipes for the K-IV project, the Greater Karachi Bulk Water Supply Scheme. Consequently, the total order value has increased from PKR 3,960.5 million to PKR 5,885.6 million.
Manufacturing is expected to commence in the third quarter of the current financial year and shall be completed, hopefully, by the second quarter of the next financial year.
