Widad Group gets RM129.4m contract from Kedah Govt

0
93

KUALA LUMPUR: Widad Group Bhd has secured a RM129.40mil contract from the Kedah Government to upgrade the Bukit Selambau water treatment plant in Kuala Muda.

It said in a statement to Bursa Malaysia on Friday its unit Widad Builders Sdn Bhd was awarded the tender for the proposed project.

Widad Builders core business is in construction and integrated facilities management activities.

“The total contract value of the project shall be based on a sum value of RM129.40mil only and the contract period shall be 130 weeks commencing from June 6,2021 to Dec 2,2023, ” it said.

Widad Group said the project was expected to be funded via internally generated funds and/or external borrowings.

At midday, Widad’s share price was down one sen to 40.5 sen with over six million shares traded.



Source link