Mubasher: Heavy Engineering Industries and Shipbuilding (HEISCO) has offered the lowest bids in two tenders at a total value of KWD 28.47 million ($94 million).
The contracts are worth KWD 12.84 million and KWD 15.63 million that will cover projects for building power substations, the tenders are offered by Kuwait Oil Company (KOC), according to a bourse disclosure on Sunday.
HEISCO noted that it will make an announcement once a letter of award is received for one of the two tenders.
At the stock level, HEISCO closed Sunday’s session 0.51% lower at 390 fils.
