Bina Darulaman wins RM40m contract for NRW programme in Perlis

KUALA LUMPUR (Feb 18): Bina Darulaman Bhd (BDB) has won a RM39.79 million contract from the Water, Land and Natural Resources Ministry to undertake construction works under the national non-revenue water (NRW) programme in Perlis.

In a bourse filing today, BDB said its wholly owned subsidiary BDB Synergy Sdn Bhd has received a letter of acceptance from the ministry for the tender.

The contract duration is for 104 weeks, commencing from Feb 20 this year until Feb 16, 2022.

"The project is expected to contribute positively to the group's earnings for the financial years ending 2020 to 2023," BDB said.

BDB shares closed up 1.5 sen or 4.23% at 37 sen today, bringing a market capitalisation of RM112.43 million.

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