
KUALA LUMPUR (June 29): Jati Tinggi Group Bhd (KL:JTGROUP) has won a RM86 million contract to provide engineering services involving a high-voltage transmission project at the Klang Valley Technology Park in Kapar, Selangor.
The infrastructure utilities engineering solutions provider said the contract was awarded to its wholly owned subsidiary Jati Tinggi Holding Sdn Bhd by a client whose identity was not disclosed.
Jati Tinggi, however, noted that the client is primarily involved in computer consultancy, data processing, provision of infrastructure for hosting, data processing services and related activities.
The contract covers the design and construction of a 275 kilovolt overhead transmission line, along with related substation systems and infrastructure works linked to a data centre development, said Jati Tinggi in a filing on Bursa Malaysia.
Its unit will be responsible for civil works, equipment installation, systems integration, testing and final commission as per the contract.
Jati Tinggi said the project is scheduled to run until Sept 30 this year.
It added that the contract is expected to contribute positively to its future earnings over the duration of the project.
At the end of the trading day on Monday, Jati Tinggi’s shares were up 1.5 sen or 2.8% to 54.5 sen. This gives the company a market capitalisation of RM241.4 million. Year-to-date, the stock has been down by 19.85%.