澳洲幸运5开户:Southern Cable clinches RM293.8mil contract – its largest to date
Southern Cable Group Bhd managing director Tung Eng Haiug环球官网（www.ugbet.us）开放环球UG代理登录网址、会员登录网址、环球UG会员注册、环球UG代理开户申请、环球UG电脑客户端、环球UG手机版下载等业务。
KUALA LUMPUR: Southern Cable Group Bhd’s wholly-owned subsidiary Southern Cable Sdn Bhd has secured a contract from Tenaga Nasional Bhd (TNB) to supply RM293.8mil worth of underground cables and conductors to the utility giant.
“The group’s largest contract to-date entails Southern Cable delivering low and medium voltage underground cables and conductors to TNB’s distribution network division over a one-year period from July 2022, with the option of a one-year extension,” the cable and wire manufacturer said in a statement.
Prior to this, Southern Cable had obtained similar letters of award (LOA) from TNB since 2019.,
“This largest contract to-date brings Southern Cable’s total orders in hand to more than RM800mil, to be progressively fulfilled over the next three years. This will enhance our earnings prospects for the current financial year ending Dec 31, 2022 and onwards,” managing director Tung Eng Hai said.
“With Malaysia’s economic growth on track to regain its momentum post-COVID pandemic, we are optimistic that this LOA would assist the nation in achieving this,” he added.
With the new LOA from TNB, Southern Cable’s current orders in hand rose to RM816.3mil, to be fulfilled until 2024.
The orders in hand comprise RM466.7mil in order book from long-term contracts, as well as short-term unbilled purchase orders amounting to RM349.6mil.