WOOJIN I&S Wins 10.3 Billion KRW District Heating Pipe Construction Contract for 2026-2028, Bolstering Future Revenue
WOOJIN I&S has signed a contract with Cheongra Energy for a district heating pipe construction project worth 10,286,900,000 KRW, representing 6.26% of its latest annual revenue.
The contract period is from August 2026 to May 2029, with payments to be claimed and settled according to construction progress.
This order contributes to expanding regional heating infrastructure and is expected to enhance the company's mid- to long-term revenue stability.
The contract amount is exclusive of VAT and may change based on construction progress.
[AI Summary]WOOJIN I&S secured a 10.3 billion KRW district heating pipe contract, expanding its revenue base. The contract size is about 6% of total revenue, providing stable growth momentum, but no significant capital events or shareholder return policies are involved, limiting the impact on stock price.