KUALA LUMPUR (Sept 7): Pekat Group Bhd (KL:PEKAT) has announced that its subsidiary Pekat E & LP Sdn Bhd (PELP) has won three subcontracts worth RM57.18 million for earthing and lightning protection works for a project in Johor Bahru. 

Pekat said the subcontracts were awarded by a company that is principally engaged in engineering, construction services and investment holding, according to a bourse filing on Monday. The identity of the company was not disclosed due to confidentiality obligations.

Under the subcontracts, PELP’s scope of works spans the design, supply, installation, testing, and commissioning of comprehensive earthing and lightning protection systems, which include civil works and substation applications.

The first subcontract, valued at RM27.21 million, commenced on July 6, 2026. It covers supply, delivery, installation, testing, and commissioning of the earthing and lightning protection system, with completion expected by September 2027.

The second subcontract, worth RM4.64 million, commenced on March 24, 2026. The scope includes supply and installation of the system for a substation, targeted for completion by February 2027.

Works under the third subcontract, which is valued at RM25.33 million, started in January this year and involve the full design, supply, installation, and testing of earthing and lightning protection services, including earthmath, cabling, copper tape, joints, terminations, fixings, accessories, and related civil works. Completion is scheduled for February 2027.

In the bourse filing, Pekat said it expects the works to provide positive contributions to its earnings for the financial year ending Dec 31, 2026.

At noon break on Monday, Pekat shares were up by two sen or 1.1% to RM1.91. At its last price, the group was valued at RM1.36 billion. Year to date, the stock has climbed by 15.06%.