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Al Yamamah Steel lands two major contracts with L&T KSA: Local metal-maker Al Yamamah Steel Industries has inked two steel supply contracts with India-born conglomerate Larsen & Toubro Saudi Arabia (L&T), valued at a combined SAR 309.3 mn, it said in two separate filings to the exchange here and here. The agreements will see Al Yamamah provide steel towers to L&T for high-voltage transmission line projects here at home.
The first contract, worth SAR 170.5 mn, will see Yamamah procure steel towers for the construction of a 500 kV ultra-high-voltage line from the Central Region to the Western Region. This project is scheduled for kickoff in May 2025.
The second contract, valued at SAR 138.7 mn, involves supplying steel towers for the development of a 380 kV ultra-high-voltage line from Stara station to Wadi Al Dawasir station in the central region. The company will begin supplying the towers starting January 2025.
