PETALING JAYA: Jati Tinggi Group Bhd has secured two contracts worth a combined RM15.7mil from Tenaga Nasional Bhd (TNB) for works involving underground and submarine power cable systems in Selangor and Perlis.

In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary Jati Tinggi Holding Sdn Bhd secured a RM13.44mil contract for the installation, testing and commissioning of underground cables and accessories for TNB’s Distribution Network in the Selangor Zone.

The contract, which was accepted on Oct 2, is effective from the date of acceptance and will be completed within 1 year from the first issuance of the notice to start work.

Separately, Jati Tinggi Holding, together with Ventura IOT Sdn Bhd through an unincorporated 51:49 joint venture, secured a RM2.27mil contract for the supply, installation, testing and commissioning of a distributed acoustic sensing (DAS) system for TNB’s 132kV submarine power cable system between Kuala Perlis and Teluk Apau.

Jati Tinggi’s share price fell by 4 sen to RM1.35 per share.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.