KNM lands contracts worth RM55.62m in Indonesia

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KUALA LUMPUR (Oct 1): KNM Group Bhd has landed two contracts worth RM55.62 million in total in Indonesia.

In a filing to Bursa Malaysia today, KNM said its unit KNM Process Systems Sdn Bhd had inked the design, engineering and supply contracts on Sept 23 with SK Engineering & Construction Co Ltd for the RDMP RU-V Balikpapan Project located at Balikpapan, East Kalimantan operated by PT Pertamina.

At the midday break today, KNM rose 1.33% or 0.5 sen to 38 sen for a market capitalisation of RM994.04 million.