KUALA LUMPUR (Dec 26): Southern Cable Group Bhd (KL:SCGBHD) has bagged a contract worth RM172.57 million to supply cables and conductors.
The contract from an undisclosed client in East Malaysia starts from Dec 20, 2024 to Dec 19, 2026, Southern Cable said in an exchange filing on Thursday. The contract was awarded to its wholly owned subsidiary Southern Cable Sdn Bhd.
With the new win, Southern Cable's outstanding orders on hand have increased to RM871.87 million.
Shares of Southern Cable paused for Thursday's midday trading break up two sen or 1.8% at RM1.11, giving the company a market capitalisation of RM997.11 million. Year to date, the stock has gained 164%.