Latest news with #NanthaKumar
New Straits Times
16-05-2025
- Business
- New Straits Times
Hextar's associate company wins RM427.50mil contract
KUALA LUMPUR: Hextar Capital Bhd's (HCB) associate company Transgrid Ventures Sdn Bhd (TGV) has won a RM427.50 million Tenaga Nasional Bhd (TNB) contract to establish a transmission main intake (PMU) 500/275 kilovolt (kV) gas-insulated substation (GIS) in Gurun East, Kedah. In a Bursa Malaysia filing today, HCB said the contract, effective May 13, 2025, will end 730 days from the commencement date. "The contract will not have any effect on the issued share capital and shareholding structure of the company. However, it is expected to contribute positively to the company's future earnings and net assets per share upon its commencement," it said. HCB managing director Johnson Chang said the project marks another strategic milestone for TGV, reinforcing its capabilities in delivering large-scale, mission-critical infrastructure projects within the energy sector. "It also reflects the confidence that TNB has in our engineering capabilities and further solidifies our role in supporting the national grid and the country's energy development," he added. Meanwhile, TGV chief executive officer and managing director Datuk Seri Nantha Kumar said it will be the first 500kV GIS project in Malaysia, and TGV is proud to be given the opportunity by TNB to design and build this maiden project. "It is a significant milestone that reaffirms our capabilities and track record in high-voltage substation infrastructure," he said. HCB is a diversified company with operations in manufacturing, engineering services and trading, telecommunication network infrastructure solutions, power generation and transmission, construction and project management and money lending.
Yahoo
22-04-2025
- Politics
- Yahoo
Malaysiakini reporter suspended over alleged RM20,000 bribe returns to work after internal probe finds no wrongdoing
KUALA LUMPUR, April 22 – Malaysiakini said today that its journalist B Nantha Kumar has been reinstated yesterday, after an independent panel it commissioned found him not guilty of any disciplinary breaches. The news portal reported that its board of directors accepted the findings and recommendations of the panel, and will be considering the measures it proposed. 'Among other measures, Malaysiakini will strengthen its policies in certain areas concerning investigative journalism,' the board said. It said Nantha Kumar had previously been suspended with full benefits since March 5. Malaysiakini said the panel, which focused on journalistic practices, had reviewed Nantha Kumar's observance of editorial protocols while producing his reports. The site did not provide details on the inquiry's specific findings or the nature of the editorial concerns raised. Last month, Nantha Kumar pleaded not guilty when the charge under Section 16(a)(A) of the MACC Act 2009 was read out to him. Under the sole charge, hewas accused of soliciting RM20,000 in exchange for not uploading or publishing any news articles on an alleged foreign worker cartel syndicate involving Pakistanis on the news website. If convicted, he faces a fine of not less than five times the bribe amount or RM10,000, whichever is higher, and imprisonment of up to 20 years. The Sessions Court in Shah Alam had fixed tomorrow as the date for case management.
