Ann Joo consortium bags RM297.9mil ECRL electrification contract

KUALA LUMPUR: Ann Joo Resources Bhd's wholly-owned subsidiary Ann Joo Metal Sdn Bhd in consortium with Indonesia's PT Lumintu Insan Mandiri has secured the design and build project for electrification of East Coast Rail Link (ECRL) feeder stations.

It said the contract includes the 132kV switching station, overhead transmission line, underground cable installation and associated works

The contract, received from Tenaga Nasional Bhd unit Tenaga Switchgear Sdn Bhd, is valued at RM297.9mil, said Ann Joo in a filing with Bursa Malaysia.

The feeder stations named in the contract are FS03-Sg Tong, FS04-Merchang and FS05-Kemasek in Terengganu, as well as FS07-Gambang and FS08-Maran in Pahang.

"The ECRL electrification project is expected to contribute positively to the revenue and earnings of Ann Joo Group for the financial years ending Dec 31, 2024, and Dec 31, 2025," it said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Ann Joo Resources , electrification , ECRL


Next In Business News

Trading ideas: YTL Corp, Careplus, GHL, Tropicana, Uzma, CelcomDigi, AirAsia, DPS, T7, Varia, Advancecon, Axis REIT
Axis-REIT quarterly performance improves
DPS in Melaka agro-tourism joint venture
Uzma secures RM19mil oil and gas contract
‘Multi-year upcycle set in motion’
Banks not main beneficiaries of data centre boom
Glove sector still facing tough environment
Monetary policy likely to be unchanged
Grab acquires restaurant reservation platform Chope
JCorp profit up 9% to RM2.4bil on higher revenue

Others Also Read