KUALA LUMPUR (March 8): Bintai Kinden Corp Bhd’s wholly-owned subsidiary Kejuruteraan Bintai Kindenko Sdn Bhd has secured a contract worth RM9.78 million from Tenaga Nasional Bhd (TNB).

The company received a letter of award from the power company today to undertake the asset replacement and refurbishment for transformer, earthing transformer and reactor to PMU 275/33 KV Grik.

“Inclusive of this contract, Bintai Kinden has successfully increased its outstanding order book to approximately RM236.67 million, which will provide a healthy earnings visibility for the next two years,” said Bintai Kinden’s managing director Ong Choon Lui in a statement.

He added that the contract — which is slated to be completed in 540 days from its commencement date — is expected to contribute positively to the group’s revenue and earnings for the financial year ending March 31, 2021, as well as its future earnings and net assets per share throughout the contract duration.

Get the latest news @ www.EdgeProp.my

Subscribe to our Telegram channel for the latest stories and updates 

Click here for more property stories

SHARE
RELATED POSTS
  1. Homes near electrical lines and substations may not always pose lower values
  2. Amalan Setar teams up with AFFIN BANK to offer solar financing packages to homebuyers
  3. Govt targets another 10,000 domestic users to join Net Energy Metering programme — Akmal Nasrullah