Al Yamamah Signs SAR 170.5 Million Steel Towers Supply Contract with L&T

Al Yamamah Steel Industries Co. announced on Monday the signing of a contract to supply steel towers with Larsen & Toubro Saudi Arabia for the project to establish a 500 kv ultra-high voltage line from the central region to the western region (phase three) for 170.5 million riyals.

The Company stated that the contract duration is one year, and the financial impact of the contract is expected to appear in the third quarter of the fiscal year 2025.

According to the statement published on “Tadawul”, the supply for the project will start in May 2025.