Kuwait-Mubasher: Gulf Cable and Electrical Industries said it has received a purchase order from Larsen & Toubro Limited with a value of KWD 3.93 million ($13.1 million), according to a bourse statement on Wednesday.
The Kuwaiti company expected to achieve an operating profit of 2% (KWD 79,000) from the deal.
In Wednesday’s trading session, the firm’s stock stayed flat at 340 fils.
