BUSINESS

SOUTHERN CABLE SECURES RM99.6 MLN CONTRACT FROM TNB

05/07/2024 07:53 PM

KUALA LUMPUR, July 5 (Bernama) -- Cable and wire manufacturer Southern Cable Group Bhd secured a RM99.6 million contract from Tenaga Nasional Bhd (TNB), to supply underground cables and conductors of various sizes.

This latest contract, awarded to Southern Cable’s wholly owned subsidiary Southern Cable Sdn Bhd increases the total value of the Group’s ongoing supply agreement with TNB to RM854.3 million.

“We are committed to supporting TNB’s development initiatives through our cable and wire solutions that enable grid expansion, renewable energy integration and modernisation efforts,” Southern Cable Group managing director Tung Eng Hai said in a statement.

With the latest contract, Southern Cable’s orders in hand now exceeds RM1 billion, providing strong revenue visibility until 2026. These orders encompass the supply of cables and wires, rectifier and battery systems, and other related products.

-- BERNAMA

 

 

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