Bina Puri bags Petronas Rapid contract

KUALA LUMPUR (Sept 26): Bina Puri Holdings Bhd bagged a plant building project at Petroliam Nasional Bhd's (Petronas) Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, Johor.

The 11-month contract, which includes non-plant construction is worth RM18 million. Bina Puri told Bursa Malaysia its wholly-owned subsidiary Bina Puri Sdn accepted the letter of award from Punj Lloyd Sdn Bhd.

Bina Puri said: "With the latest award mentioned above, the group's unbuilt book order stands at RM2.02 billion as at to date."

Bina Puri said the project is expected to contribute positively to its earnings for financial year ending Dec 31, 2016.

At 2:50pm today, Bina Puri shares were traded unchanged at 40 sen for a market capitalisation of RM96.83 million. The stock saw 159,100 shares traded. — theedgemarkets.com

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