KUALA LUMPUR (June 30): MN Holdings Berhad has bagged an underground utilities contract worth RM13.1 million for the East Coast Rail Link (ECRL) project.

In a statement to the bourse on Friday (June 30), the company said its unit Mutu Nusantara Sdn Bhd had received and accepted a letter of award from the main contractor Rentak Segar Sdn Bhd for its appointment as sub-contractor.

Under the contract, Mutu Nusantara will be responsible for the engineering, procurement, construction and commissioning (EPCC) of the preliminaries and relocation of power cable works at Section 9 (Selangor) in the ECRL project.

It said the EPCC contract shall commence immediately and is targeted to be completed in July 2024.

MN Holdings managing director Loy Siong Hay said this was the company’s first contract win to provide relocation of power cable works in the ECRL project.

“We will continue to build on our 16 years of experience and expertise in delivering underground utilities and substation engineering works for major infrastructure projects,” he said.

At midday break, MN Holdings shed 1.67% or 0.5 sen to 29.5 sen with 2.11 million shares traded.