Bintai Kinden receives RM33.95m contracts from TNB

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: Kejuruteraan Bintai Kinden Corp Bhd has been appointed by Tenaga Nasional Bhd to be the contractor for a GIS station in Pulau Pinang and double circuit underground cable in Shah Alam for a total sum of RM33.95mil.

The contract for the PMU 132/33kV Datuk Keramat GIS station is valued at RM30.65mil while the contract for the 132kV double circuit underground cable from Shah Alam Bandar and KTMB Shah Alam South into PMU 132kV Shah Alam South is valued at RM3.3mil.

According to a filing with the stock exchange, the contracts are estimated to be completed within 685 days for the GIS station and 450 days for the underground cable.

"The Contracts will contribute positively to the revenue and earnings of the Company for financial year ending 31 March 2019 subject to the stages of progress to be recognized and is expected to contribute positively to the future earnings and net assets per share of BINTAI Group," it said.