Fakoor Adds EUR 160 Million to Its Golgohar Three-Million-Tonne Steel Plant Contract
Sahmino Newsroom | 14 November 2026 | 4 hours ago
Fakoor Sanat Tehran Engineering (ticker FSTZ) filed a group-A disclosure on Codal on the morning of Saturday 14 November 2026 reporting an addendum to its contract to build a three-million-tonne steelmaking and hot-rolling plant for Golgohar Iron and Steel Development Company. The addendum was issued on 11 November 2026 (20 Aban 1405) and took effect the same day.
According to the filing, the total contract value before the addendum was EUR 1,374,369,628. The addendum adds EUR 160,367,641 to the ceiling and lifts the total to EUR 1,534,737,269, an increase of about 11.7 percent on the previous figure. The letter is an amendment to an earlier disclosure, and the company sets out the changes and their effect in the form itself.
FSTZ trades on Farabourse; its last trade at 11:33 on Saturday 14 November was 8,410 rials.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Sahmino's reading
At 11:33 on Saturday 14 November FSTZ traded 2.94% above the previous close (8,410 rials), with a buy queue of 186,430,144 shares at that price.
From Sahmino that week
Dividend payment: NOSH
Calendar | 16 NovemberDividend payment: TKSM
Calendar | 15 NovemberWhich investor type are you? The cautious basket gained 52.5%, the bold one 150.5%, inflation 82.4% (Saturday 14 November 2026)
Article | 14 NovemberKKTZ Passes the Cheap-and-Profitable Screen, but on This Year's Half-Year Profit Its P/E Is 8.97, Not 5.88 (Friday, 13 November 2026)
Article | 13 November
More from this market
Fakoor Sanat Tehran Engineering (FSTZ) Adds a 160 Million Euro Addendum to Its Golgohar Steelmaking Plant Contract, Lifting the Ceiling to 1.53 Billion Euros
Stocks | 2 days agoRAPZ Raises Prices on Three Product Groups by an Average of 25%, Citing Raw Material, Wage and Overhead Costs
Stocks | 4 hours agoABYP Suspended Until 25 November as Farabourse Cites Suspected Article 46 Offences in Over-the-Counter Share Trading
Stocks | 4 hours agoSFAP Suspended Until 25 November as Farabourse Moves to Review the Issuer's Information Transparency
Stocks | 4 hours ago