Boustead Heavy unit wins RM78mil job


In a filing with Bursa Malaysia, the group said its wholly owned subsidiary, BHIC Submarine Engineering Services Sdn Bhd (BSES), received the letter of acceptance from the ministry on April 7,2021.(File pic shows Boustead shipyard.)

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s unit has won a RM78.14mil contract from the Defense Ministry for the upkeeping of submarine facilities for the Royal Malaysian Navy.

In a filing with Bursa Malaysia, the group said its wholly owned subsidiary, BHIC Submarine Engineering Services Sdn Bhd (BSES), received the letter of acceptance from the ministry on April 7,2021.

“The contract is for 24 months from Jan 1,2021 until Dec 31,2022. A formal contract between the government and BSES will be finalised and executed at a later date, ” it said.

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