Baika Wins Tender to Supply Cable for Persian Gulf Mehr Refinery Project Worth 30,070 Billion Rials

According to a material disclosure filed on Codal on September 20, 2026 (29 Shahrivar 1405), Baika, a cable manufacturer, was named winner of a tender to supply cable for the Persian Gulf Mehr Refinery construction project. The tender result was announced on September 14, 2026 (23 Shahrivar 1405), with a total contract value of 30,070,016 million rials, about 30.07 trillion rials. Under the contract terms, 55 percent of the amount will be paid upfront against a bank guarantee, 15 percent as an interim payment, and the remaining 30 percent after final inspection by the project's third party inspector.