Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on April 6, 2018

KUALA LUMPUR: Benalec Holdings Bhd has bagged a contract from Oriental Holdings Bhd for the construction of rock revetment in Melaka for RM21.56 million.

The group said its wholly-owned subsidiary, Benalec Sdn Bhd, will undertake the project awarded by Oriental’s subsidiary, Oriental Boon Siew (M) Sdn Bhd.

The project involves the construction and maintenance of rock revetment and associated works over a 1.85km stretch between Kuala Sungai Melaka and Kuala Sungai Seri Melaka.

It will encompass the laying of rocks along the coastline of the project site as coastal protection works to prevent future erosion, Benalec said in a filing with Bursa Malaysia.

Benalec said the project is expected to contribute positively to its earnings and net assets per share for the financial year ending June 30, 2018 onwards.

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