Boost for KKB Engineering with six-year Petronas contract


Its job scope for the contract involves supplying concrete cement and metal for the upgrading of the Train Cargo Terminal at Padang Besar, Perlis, Dolphin said in a filing with Bursa Malaysia.

KUALA LUMPUR: KKB Engineering Bhd's subsidiary OceanMight Sdn Bhd has been qualified as one of Petronas' contractors for the provision of engineering. procurement and construction of fixed offshore structure works.

In a filing with the stock exchange, KKB said OceanMight has accepted and signed the Petronas frame agreement for the said works.

A formal contract shall be executed within three months of the acceptance of the award, and will be effective from Dec 12, 2018, for a period of six year.

At 12.30pm, KKB was trading one sen or 1.2% lower at 85.5 sen a share on the back of a low volume of 34,000 units.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Oil settles higher on Mideast supply concerns
MAA to sell entire stake in Turiya for RM53mil
Tesla’s plan for affordable cars takes page from Detroit rivals
Singapore’s growth trajectory remains intact and on track for faster growth in 2024
Japan frets over relentless yen slide as BoJ keeps ultra-low rates
Rising data centre ability
CMM seeks feedback on Sector Guides for ESG disclosures
Making scents of success
Blackstone, KKR mortgage REITs stung by office debt challenges
Sapura Energy takes a step to turn the tide

Others Also Read