KUALA LUMPUR (Feb 19): Rohas Tecnic Bhd’s 75%-owned subsidiary HG Power Transmission Sdn Bhd has been awarded two contracts for the supply and installation of transmission lines by Tenaga Nasional Bhd, worth a combined RM249.63 million.

Rohas Tecnic said the first contract comprises works for 31.8 km of a 500 KV double circuit transmission line from PMU Bentong South to PMU Lenggeng and 22.3 km of a 275 KV double circuit transmission line from PMU Lenggeng to PMU Mahkota Cheras.

The contract’s total value is RM126.85 million and its completion period is 723 days, the group said in a filing with Bursa Malaysia.

The second contract entails the supply of 31.9 km of 500 KV double circuit transmission line from PMU Bentong South to PMU Lenggeng and 32 km of 275 double circuit transmission line from PMU Lenggeng to PMU Makhota Cheras.

It is worth RM122.78 million with a completion period of 723 days, said Rohas Tecnic.

“The projects will not have any material impact on Rohas Tecnic group's results for the quarter ending March 31, 2018, but is expected to contribute positively in the future,” it said.

Rohas Tecnic’s share price rose 3 sen or 2.19% to RM1.40, giving it a market capitalisation of RM642.81 million.