Karachi, Crescent Steel and Allied Products Limited informed Pakistan Stock Exchange that the Company was negotiating with the China Harbor Engineering Company Limited for manufacturing and coating of pipes (Hot Rolled Coils to be Provided by the Client) having diameters of 68 and 84 inches for the K-IV
Project, the Greater Karachi Bulk Water Supply Scheme with a value of the contract expected to be PKR 3,800 million, subject to execute of the contract.
“Crescent Steel and Allied Products Limited is a conglomerate corporation listed on the Pakistan Stock Exchange Limited as ‘CSAP’, and thereby is a Public Interest Company. They have started operations with a pipe manufacturing facility in March 1987. The Company now operates five segments Steel, Cotton, Investment and Infrastructure Development (IID), Energy and Hadeed (Billet) segment. The Shares are quoted on Pakistan Stock Exchange Limited.
The total shares of the Company introduced are 77,632,491. The Earnings per share has decreased in 2020 and is (0.22) which was 1.85 in 2019. Their Profit after Taxation has also decreased in 2020 and is (17,124,000) which was 143,476,000 in 2019.”