Pakistan's Crescent Steel & Allied Products Limited has secured a significant contract valued at Rs 1.5 billion for the supply of steel line pipes.

According to the company's filing with the Pakistan Stock Exchange (PSX) on Monday, the project involves delivering 40-inch diameter coated steel line pipes. The contract, worth Rs 1,504 million excluding sales tax, is scheduled for completion by the fourth quarter of the 2024-25 fiscal year.

For context, Crescent Steel & Allied Products operates across five business segments: Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet).