PETALING JAYA: Binasat Communications Bhd
(BCB) has accepted a letter of award from Enertra Sdn Bhd in respect of cable laying works in Ara Damansara, Selangor, for Tenaga Nasional Bhd (TNB) worth RM23.76mil.
In a filing with Bursa Malaysia, BCB said the scope of works for the contract includes performing horizontal directional drilling (HDD) and open cut works; make good of surface for HDD pit according to local authority requirements; providing all relevant expertise and qualifications to perform the duties; and ensuring the security of the free issue materials, if applicable, at all time against any theft or damages before handing over the project to TNB.
“The contract shall be effective from the date of the letter of acceptance and the time for completion shall be 730 days from the commencement date.
“The contract will not have any material effect on the net assets and gearing of BCB and its subsidiaries for the financial year ending Dec 31, 2024 and is expected to contribute positively to the earnings of BCB Group over the duration of the contract.”
