SAMIL C&S Secures 28.6 Billion KRW Steel Bridge Contract from POSCO E&C for Saemangeum Road Project
SAMIL C&S has signed a 28.6 billion KRW contract with POSCO E&C for the fabrication and installation of steel bridges for the Saemangeum interconnecting road project Section 2.
This contract amount represents 12.8% of the company's 2025 annual sales, with the contract period running from July 2026 to December 2030.
The counterparty, POSCO E&C, is one of Korea's top construction firms with high creditworthiness, significantly reducing execution risk.
[AI Summary]This contract award is a meaningful order that drives revenue growth without capital dilution. The partnership with a highly credible major constructor is expected to generate stable cash flows and positively impact the stock price.