Bintai Kinden receives RM1.63m contract from TNB

PETALING JAYA: Bintai Kinden Corp Bhd has secured a RM1.63 million contract from Tenaga Nasional Bhd (TNB) to undertake the reconfiguration and retrofitting works for 132kV bulk supply to main intake substation (PMU) 132/33kV KLCC2, Kuala Lumpur.
The group told Bursa Malaysia that the contract is non-renewable and estimated to be completed within 214 days from the commencement date.
Bintai Kinden expects the contract to contribute positively to its revenue and earnings subject to the stages of progress to be recognised in the financial year ending March 31, 2019.
The stock was unchanged at 17 sen with 588,600 shares changing hands.