Monday, 8 October 2012

Gadang's Unit Wins Petronas Contract

Gadang Holdings Bhd's whollyowned subsidiary, Gadang Engineering (M) Sdn Bhd, has won a Petronas contract to undertake phase 1 site preparation work for the proposed Refinery and Petrochemical Integrated Development (RAPID) Project package 1 in Pengerang.

The contract, expected to be completed by Dec 31 next year, would contribute positively to group earnings for the financial years ending May 31, 2013 and 2014, it said in a filing to Bursa Malaysia today.