Electrical Industries’ subsidiary seals contract to supply transformers for SAR 125.8M

26/03/2024 Argaam
Logo ofElectrical Industries Co.

Logo of Electrical Industries Co.

Electrical Industries Co.'s (EIC) subsidiary Saudi Power Transformers Co. (SPTC) signed a contract with Larsen & Toubro Saudi Arabia to supply the latter with power transformers for SAR 125.8 million (excluding VAT), according to a statement to Tadawul today, March 26.

 

The agreement, running for 20 months, entails a purchase order for the supply of power transformers to Jafoura gas field project in favor of Aramco, EIC said.

 

For more news and details on the projects

 

The contract is expected to have a positive financial impact on its results for 2026, it added, noting there are no related parties to the deal.

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