Pakistan Company News – Material Information of International Industries Limited

Material Information of International Industries Limited

Karachi, International Industries Limited informed Pakistan Stock Exchange that the Company has been awarded a contract by M/s Sui Northern Gas Pipeline Company Limited for the supply of 6000 KM of Steel and polymer APL Line Pipes valued at approximately Rs. 3.3 bn.

The International Industries Limited was established as Sultan Chinoy & Company in Pakistan in 1948. Later it was incorporated as International Industries Limited along the development process. It became a public limited company in 1984. IIL is in the business of producing of GI pipe, steel tubes and pipes, API line pipe & polyethylene line pipes globally. The registered office of the company is located in Karachi. The shares of the company are quoted on the Karachi Stock Exchange of Pakistan.

The manufacturing capacity of the company is 300,000 tons of small diameter steel pipe with OD range (12.70mm – 168mm). The company has plant and storage area of 25 acres along with a power generating capacity of 4MW.

The symbol “INIL” is being used by the stock exchange for the shares of International Industries Limited.