BUSINESS

Muhibbah Engineering secures RM116.4 mln Petronas contract

09/12/2022 05:51 PM

KUALA LUMPUR, Dec 9 (Bernama) -- Muhibbah Engineering (M) Bhd has secured a contract from the Institute of Technology Petronas Sdn Bhd, a subsidiary of Petroliam Nasional Bhd (Petronas) for RM116.4 million. 

The contract was awarded for the construction and completion of student accommodation and student centre at Universiti Teknologi Petronas, Bandar Seri Iskandar in Perak, a filing with Bursa Malaysia said today. 

The work order is scheduled to commence on Dec 15, 2022, and the project is expected to be completed within 30 months from the commencement date.

On financial effects, the contract is expected to contribute positively to the earnings and net assets of the group for the current and future financial years.

It also noted that the contract does not have any impact on the share capital and/or shareholding structure of Muhibbah. 

-- BERNAMA

 

 


BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on the Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on the FM93.9 (Klang Valley), FM107.5 (Johor), FM107.9 (Kota Kinabalu) and RM100.9 (Kuching) frequencies.

Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial

© 2023 BERNAMA   • Disclaimer   • Privacy Policy   • Security Policy