Saturday 27 Apr 2024
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KUALA LUMPUR (July 11): Bintai Kinden Corp Bhd, which specialises in mechanical and electrical engineering works, announced today that its unit has secured an underground cable contract worth RM2.08 million from Tenaga Nasional Bhd (TNB).

The group said in an exchange filing today that its wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd received the letter of award from TNB, appointing it to be the contractor to undertake the proposed 132 kV single circuit undergrond cable from PMU (Transmission Main Intake) Galloway to PMU KLCC2.

The contract is estimated to be completed within 180 days from the commencement date, and is non-renewable.

The group expects the contract to contribute positively to its revenue and earnings throughout the duration of the contract, starting from financial year ending March 31, 2020 (FY20).

Bintai Kinden shares settled unchanged at 12.5 sen today, bringing it a market capitalisation of RM35.95 million.

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