Pestech wins RM318mil job to improve KTM's systems


The KTM Batu Tiga station is always flooded due to old drainage systems that can no longer cope with the increased water level after a downpour. -Art Chen / The Star.4 June 2015.

KUALA LUMPUR: Pestech International Bhd has won a RM318mil contract to build and maintain the systems works under the project to upgrade KTM’s Klang Valley double track (KVDT) infrastructure and systems.

The electric power system solutions provider told Bursa Malaysia that the job, awarded on March 17 to unit Pestech Sdn Bhd (PSB) by Dhaya Maju Infrastructure (Asia) Sdn Bhd, involved the upgrading of signalling and communication system together with the upgrading and maintenance of the electrification system and power supply system.

The project will span 42 months, from April 1, 2016, to Sept 30, 2019.

Pestech said PSB would give the execution rights of the contract to Pestech Technology Sdn Bhd (PTech), a wholly owned subsidiary of Pestech and a sister company to PSB.

“PTech, being the company in Pestech group specialising in rail electrification business segment, working along its railway signalling technical contractor Ansaldo STS Malaysia Sdn Bhd, has the competent engineering team with the required aptitude to execute the contract,” it said.

Pestech said the project would not have any material effect on its revenue and earnings for this financial year ending June 30, 2016 but was expected to contribute positively to its future earnings and net assets per share.

Pestech shares closed unchanged at RM6.72 on Thursday, with 28,500 shares traded.
Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

CPO futures expected to trend lower on profit-taking next week
Britain looking at temporary measures to alleviate trucker shortage
'Loss and pain': Families testify at Dutch MH17 trial
Oil hits highest in almost 3 years as supply tightens
GLOBAL MARKETS-S&P 500 edges up, European shares slump amid Evergrande fears, US yields rise
Banking on wealth management
Short Position - Opcom, La Nina, Taxing
Going for growth
Sapura Energy in race against time
Ge-Shen hopeful of growth amid challenges

Stories You'll Enjoy


Vouchers