MN Holdings wins RM86mil job from TNB

KUALA LUMPUR: MN Holdings Bhd’s (MNHB) wholly-owned subsidiary, MN Power Transmission Sdn Bhd has secured a contract worth RM86mil from Tenaga Nasional Bhd.

In a filing with Bursa Malaysia, MNHB said the contract involves the supply, erection, and commissioning of a 132/11-kilovolt Kg Awah GIS, including remote end substations work, complete with relevant secondary and ancillary equipment, as well as associated civil works.

“The contract is expected to be earnings accretive and to contribute positively to the net assets and net assets per share of the group upon commencement of the contract,” MNHB said.

The contract shall be effective from July 24 and time for completion shall be 910 days from the commencement date.