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PRICE SENSITIVE INFORMATION

PRICE SENSITIVE INFORMATION

We have to inform you that Sui Northern Gas Pipelines Limited and Sui Southern Gas Company Limited has awarded contracts to Crescent Steel and Allied Products Limited for supply of 36 inch Bare Pipes and 24 inch Coated Pipes amounting to Rs. 2,315 million and Rs. 656 million respectively. The aforesaid contracts are expected to be executed by the first quarter of the next financial year.
Due to competitive bidding in tendering process and subsequent increase in cost of Raw materials, it is expected that the historical margins of pipe business may not be sustained for above mentioned orders.