Crescent Steel wins pipe supply contract from SNGPL

Crescent Steel and Allied Products Limited has announced that it has secured a contract from Sui Northern Gas Company Limited (SNGPL), according to a filing with the Pakistan Stock Exchange (PSX).

SNGPL has awarded Crescent Steel a contract for the supply of 12 and 18-inch diameter bare steel line pipes, valued at PKR 2.74 bln (USD 9.8 mln). The company expects to execute and complete the contract by the third quarter of FY 2024-25, the filing said.

Crescent Steel & Allied Products Limited operates across various sectors, including steel pipes, cotton, investments, infrastructure development (IID), and energy.

1 USD / 278.6 PKR