Al Yamamah Steel inks SAR 37 contract with Larsen & Toubro

Riyadh – Mubasher: Al Yamamah Steel Industries Company said Thursday that it has signed contract worth SAR 36.77 million ($9.8 million) with Larsen and Toubro Saudi Arabia to deliver electric towers.

The contract period is 10 months; the financial impact is expected to appear in the financial results starting from second quarter of fiscal 2017, according to a bourse filing.

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