Muhibbah wins contracts worth RM479mil

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has accepted a contract from Petronas Carigali Sdn Bhd for the construction, commissioning and installation of light weight structure project, around 190km from Terengganu shore for a contract value of RM318mil.

The engineering company also has been awarded by Lumut Maritime Terminal Sdn Bhd, for the proposed construction of Lumut Maritime Terminal expansion project at Manjung, Perak with contract value of RM161mil.

In two filings with Bursa Malaysia, Muhibbah said the contracts were expected to contribute positively to its earnings and net assets and subsidiaries for the current and future financial years. — Bernama

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