Thursday 28 Mar 2024
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KUALA LUMPUR (Dec 16): Heitech Padu Bhd has won a contract for transmission line engineering works in Kota Bahru, Kelantan, worth RM2.34 million from Tenaga Nasional Bhd (TNB).

In a filing with Bursa Malaysia today, the information technology services company said its unit Duta Technic Sdn Bhd has received the letter for the appointment.

The job is for civil and structural works and supply of double circuit transmission towers to facilitate looping in and out for the proposed 132kV single circuit loop in/out into main intake substation Tunjung From Kota Bharu — Tanah Merah Transmission Line.

Heitech Padu is required to complete the works within 364 days and remedy any defects or damage within the defects notification period of 12 months from the day of handing over of the project to TNB.

"The proposed transaction is expected to contribute positively to our future earnings," it added.

Shares in Heitech Padu inched up 0.5 sen or 0.96% to close at 52.5 sen, for a market value of RM52.64 million.

 

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