Kardemir won the rail tender: Kardemir won the tender of the TCDD General Directorate rail. Here is the statement made by Kardemir. Kardemir won the tender of the rail purchase tender held by the TCDD General Directorate with an open tender procedure for 33.077.500 euro. The ratio of the tender price to the gross sales revenue in Kardemir's publicly disclosed income statement was announced as 5,534 percent.
In his statement to Kardemir KAP, "The tender for rail purchase, which was held by the TCDD General Directorate through an open tender procedure, remained under the responsibility of our Company."
After the tender, Kardemir (D) shares increased by 2,89 percent and reached 1,42 TL.
IS Investment evaluated the results of the tender and included the following opinions in the analysis:
Kardemir wins 33mn Euro rail tender - slightly positive
Kardemir announced that it won the tender of the 33 mn rail purchase organized by TCDD. The tender amount corresponds to approximately 2013% of the company's 5.5 sales. It should be noted that the rail segment is a more profitable segment compared to other product categories such as billets or rebars. Slightly positive.