Sunday 15 Dec 2024
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KUALA LUMPUR (Oct 2): Stage and express bus service operator Epicon Bhd (formerly known as Konsortium Transnasional Bhd) has bagged a contract worth RM130.89 million from Ibrahim & Sons Engineering Sdn Bhd (ISESB) for the installation, testing and commissioning of pipelines, cables and jointing for Tenaga National Bhd’s electrical and flood barrier-related infrastructure.

In a bourse filing, Epicon, which diversified into the construction industry in 2021, said its wholly owned Transnational Builder Sdn Bhd (TBSB) had received the letter of award from ISESB, appointing TBSB as a subcontractor for the job.

The 12-month subcontract job starting on Oct 3, which carries an option for a 12-month renewal, involves laying aluminium cross-linked polyethylene (XLPE) underground cables and accessories in Perak, Kedah, Kelantan, Terengganu and Pahang.

Epicon shares closed half a sen or 2.17% lower to 22.5 sen on Monday, giving the group a market capitalisation of RM134 million.

Edited ByTan Choe Choe
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