Minetech unit bags RM36.79mil subcontract for sewage system project

KUALA LUMPUR: Minetech Bhd via its wholly-owned subsidiary Coral Evergreen Sdn Bhd has secured a RM36.79mil subcontract from Puncak Utara Sdn Bhd for a sewage system upgrading project and associated works at Ketengah Jaya, Bukit Besi and Seri Bandi Phase III, in Ketengah, Terengganu.

In a filing with Bursa Malaysia, the group said the contract commenced on July 29, 2024, and is expected to be completed by June 13, 2027.

The contract is expected to contribute positively to the revenue, earnings and net assets of the Company and its subsidiaries for the financial years ending from March 31, 2025, to March 31, 2028.