Karachi October 8 2024: Sui Northern Gas Company, the largest gas distributor in Pakistan, awarded a contract worth PKR 2.7 billion to Crescent Steel and Allied Products for supplying of steel line pipes.
Share price of Crescent Steel and Allied Products (CSAP) and Sui Northern Gas Company (SNGP) rise PKR 5.29 or 5.77 percent and PKR 1.11 or 1.55 percent in today’s trading at Pakistan Stock Exchange.
“Sui Northern Gas Company Limited has awarded a contract to Crescent Steel and Allied Products Limited for supply of 12 and 18-inch diameter bare steel line pipes amounting to PKR 2,740 million. The afore-said contract is expected to be executed and completed by the third quarter of FY 2024-25” the notification states.
