Gamuda’s solar tie-up to add equity value

Gamuda is expected to capture RM340mil to RM480mil in pre-tax profit from the RM4.2bil to RM4.8bil construction scope.

PETALING JAYA: Gamuda Bhd’s recent joint venture (JV) to develop up to 1.2GW of solar and storage projects could deliver around RM550mil of equity value to the group.

This translates into RM50mil to RM60mil of annual pre-tax recurring income from financial year 2029 (FY29) onwards.