Al Yamamah Steel awarded SAR 202m deals by Larsen & Toubro

Riyadh – Mubasher: Al Yamamah Steel Industries Company has been awarded on Sunday two contracts from Larsen & Toubro Saudi Arabia (LTSA) worth SAR 103.5 million and SAR 98.8 million, respectively.

Under the first deal, the steel manufacturer will supply Larsen & Toubro Saudi Arabia with steel towers for the project to construct a 380 kV ultra-high-voltage line from ARAR station to RAFHA station, according to a bourse statement on Sunday.

As for the second deal, Larsen & Toubro Saudi Arabia will receive steel towers for its project to build a 380 kV ultra-high-voltage line from RAFHA station to Qaisumah station.

Al Yamamah added it will deliver the items starting as of May 2021 until July 2022, expecting the deals to be signed on 30 January 2021.

Mubasher Contribution Time: 29-Nov-2020 13:27 (GMT)
Mubasher Last Update Time: 29-Nov-2020 13:31 (GMT)