KUALA LUMPUR: MN Holdings Bhd
has bagged four contracts for its substation engineering and underground utilities services and solutions business segments worth a combined RM27mil.
In a statement, the underground utilities and substation engineering specialist said the first contract was secured by its wholly-owned subsidiary MN Power Transmission Sdn Bhd to carry out design and construction works for the extension of two air insulated substations (2 x 45 MVA) at PMU 132/33kV Raub, Pahang, for RM16.9mil.
Another wholly-owned unit Mutu Nusuntara secured the other three contracts from KL-Kepong Oleomas Sdn Bhd, Top Glove Bhd unit Top Synthetic Rubber Sdn Bhd and Impiana Mahir Sdn Bhd respectively, for a total value of RM10.1mil.
“We are off to a good start. With these new wins, MNHB has successfully increased its outstanding order book to approximately RM192mil,” said MN Holdings executive director Datuk Clement Toh.
The four contracts are expected to contribute positively to the revenue and earnings of the Company for the financial years ending June 30, 2023, and 2024 as well as to the future earnings and net assets per share of the group for the duration of the contract.
