Deleum's indirect subsidiary bags RM105mil PETRONAS contract


KUALA LUMPUR: Deleum Bhd's 86.67%-owned indirect subsidiary Deleum Technology Sdn Bhd (DTS) has secured a contract from PETRONAS Carigali Sdn Bhd for the provision of offshore maintenance, construction and modification (MCM) services covering Peninsular Malaysia assets (gas package) for 2024.

In a filing with Bursa Malaysia, Deleum said the contract, valued at RM105mil, will run from May 16, 2024, to Dec 31, 2024.

It said the contract is expected to be funded via internally generated funds.

"The contract is expected to contribute positively to the revenue, earnings, and net assets of Deleum and its group of companies for the duration of the contract," it added.

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

Deleum , PETRONAS Carigali , contract

   

Next In Business News

Cautious tone expected for ringgit versus US dollar trading next week
U Mobile to reduce foreign majority shareholdings to 20%
MACC investigating Khazanah, PNB's unsuccessful investment
Another data centre job for Gamuda
SOBA judges, past winners share winning tips
Government and venture capital
Selling pressure amid Mideast and polls anxiety
Low volatility a remedy for the extremes?
Maximising your unit trust returns
Dishing up consumer success

Others Also Read