Tuesday, December 27, 2011

Ingress subsidiaries get Tenaga contracts worth total RM55m

KUALA LUMPUR (Dec 27): INGRESS CORPORATION BHD []'s subsidiaries via their joint venture have secured contracts worth a total RM55 million from TENAGA NASIONAL BHD [].

The company said on Tuesday that the unincorporated joint-venture between Multi Discovery Sdn Bhd and Ramusa Engineering Sdn Bhd had received letter of intents for the contracts.

The contracts are for the eestablishment of PMU 132kV Kota Setar AIS Rehab and 132kV Lines Diversion at PMU Kota Setar; and proposed 275kV Bulk Supply to Bahru Stainless (Extension of 2 x 275kV Overhead Line Bays at PMU275/132/22 kV Cahaya Baru).

The company said the projects would commence within the first quarter of financial year ending Jan 31, 2013.

Ingress said the projects were expected to contribute positively to its earnings.


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