Friday 29 Mar 2024
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KUALA LUMPUR (Feb 21): Shares in Rohas Tecnic Bhd rose 5.09% in active trade this morning after it bagged two contracts worth a combined RM192 million to install transmission lines in Bangladesh.

At 9.18am, Rohas rose 3 sen to 62 sen, valuing it at RM293.05 million.

The first contract, worth RM126 million, is for the design, supply, installation, testing, and commissioning of 230 kilowatt (kV) and 132kV transmission lines on a turnkey basis. The contract duration is 30 months.

The second contract worth RM66 million entails the design, supply, installation, testing and commissioning of another 132kV transmission lines, also on a turnkey basis. The contract duration is 24 months.

The contracts will have a positive impact on the group’s results for the year ending Dec 31, 2020 and in the future.

 

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