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FILE PHOTO: Electrical pylons and power lines are seen in Yanqing district of Beijing, China December 17, 2021. REUTERS/Tingshu Wang. Photo used for illustrative purpose only.
Al Yamamah Steel Industries Company has signed a contract to supply steel towers for a 380 KV ultra-high voltage line in Saudi Arabia’s Western region.
The 112.9 million Saudi riyal ($30.13 million) supply contract was signed with a branch of National Power Construction Corporation, the company said in a Saudi bourse filing.
The company will start supplying steel towers from July.
The financial impact of the one-year contract is expected to be reflected in the steel producer’s financials from Q4 2025.
Last month, Al Yamamah Steel signed a SAR 97.55 million contract with Trading & Development Partnership to supply steel towers to construct a 380 kV high-voltage line in the Eastern Region.
(Editing by Anoop Menon) (anoop.menon@lseg.com)
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