MN Holdings wins RM37.9mil waste-to-energy project
KUALA LUMPUR: MN Holdings Bhd 's wholly owned subsidiary, Mutu Nusantara Sdn Bhd, has secured a RM37.9mil contract from a customer providing civil engineering and electrical works.
The infrastructure utilities construction and engineering solutions specialist said that the company was unable to disclose the customer's identity due to a non-disclosure agreement.
In a filing with Bursa Malaysia, MN said that the contract covers the design, engineering, procurement, construction, installation, testing, and commissioning (EPCC) of the waste-to-energy interconnection facility's transmission lines located in the central region of Peninsular Malaysia.
The contract will take effect from May 14, 2025, and is expected to be completed by March 31, 2027.
MN expects the contract to contribute positively to its future earnings and net assets per share upon commencement of the project.
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