PETALING JAYA: Binasat Communications Bhd has secured a contract worth RM13.3mil from Enertra Sdn Bhd to conduct civil works for the Amazon’s KUL071 132 kilowatts high-voltage substation.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
In a filing with Bursa Malaysia, Binasat said its scope of works for the project include (but not limited to) prelims and general requirements, design, site prep/ civil works, road and pavements, site utilities, building and structures, fencing and security systems (external), operating and maintenance, and an optional provisional sum to cater the requirement of 100% PTX oil capacity with lump sum amount of RM217,000.“The contract will not have any material effect on the net assets and gearing of Binasat and its subsidiaries for the financial year ending Dec 31, 2024 and is expected to contribute positively to the earnings of Binasat Group over the duration of the contract.“The potential risks involved in the contract are the same with any other projects undertaken by Binasat which are considered normal operational risks,” it said.
The story "Binasat wins RM13.3mil civil works job" has 179 words across 4 sentences, which will take approximately 1 - 2 minutes for the average person to read.
Which news outlet covered this story?
The story "Binasat wins RM13.3mil civil works job" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.
How trustworthy is 'The Star' news outlet?
The Star is a fully independent (privately-owned) news outlet established in 1971 that covers mostly economy and business news.
The outlet is headquartered in Malaysia and publishes an average of 48 news stories per day.
It's most recent story was published 1 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
