PROJECTS: Saudi's Al Yamamah awarded two transmission tower contracts

$54mln contracts awarded by Larsen & Toubro Saudi Arabia

  
Image used for illustrative purpose. The sun rises behind a pylon of high voltage electricity power lines in Halle, Belgium September 11, 2019.

Image used for illustrative purpose. The sun rises behind a pylon of high voltage electricity power lines in Halle, Belgium September 11, 2019.

REUTERS/Yves Herman

Saudi Al Yamamah Steel Industries has been awarded two contracts totaling 202,334,000 Saudi riyals ($54 million) by Larsen & Toubro Saudi Arabia for steel power transmission towers.

The transmission towers would be used for the ultra-high-voltage (UHV) transmission line projects, the Saudi firm said in two stock exchange statements.

The two contracts, worth 103,504,500 riyals ($27.6 million) for the Arar to Rafha UHV line, and worth 98,829,500 ($26 million) contract for the Rafha to Qaisumah UHV line would be delivered between May 2021 and July 2022, the statements said.

(Writing by Anoop Menon; Editing by Bhaskar Raj)

(anoop.menon@refinitiv.com)

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