ENRA bags RM137m storage tanker deal
ENRA Group Bhd has secured a US$32.09 million (approximately RM136.56 million) contract to provide a storage tanker solution for upstream operations in the Malaysia-Thailand Joint Development Area (MTJDA), marking a significant win for the group's energy logistics business.
The 12-month deal was formalised via a binding heads of agreement (HOA) between ENRA's wholly owned subsidiary, Hexagon Energy Logistics Sdn Bhd (HELSB), and SIP JDA Sdn Bhd.
The contract period runs from October 1, 2025, to September 30, 2026, and supports Carigali-PTTEPI's operations in the hydrocarbon-rich MTJDA.
In connection with the announcement, Bursa Malaysia halted trading of ENRA's securities from 9.00 a.m. to 10.00 a.m. today, pending the release of the material information. The counter resumed trading at 10.00 a.m. following the announcement.
ENRA said the deal is expected to contribute positively to its earnings per share, net assets per share and gearing for the financial year ending March 31, 2026.
The HOA does not involve any issuance of new shares and will not affect the group's capital structure.
No directors or major shareholders of ENRA, nor any persons connected to them, have any direct or indirect interest in the HOA. — TMR
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