El Sewedy Electric to supply 50 transformers worth EGP185 million to EETC
El Sewedy Electric (SWDY.CA) has signed an EGP180 million agreement with the Egyptian Electricity Transmission Company (EETC) to import and install 50 transformers at EETC’s electrical substations. According to EETC Head, Gamal Abdel Raheem, El Sewedy has five months to complete the project. (Al Mal) Elsewedy Electric: EGP38.95 as of 02 March 2016, Rating: Buy, FV: EGP62.50 per share, MCap: USD1,111 million, SWDY EY / SWDY.CA
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