KNM bags RM26 mil job from PetGas in Terengganu

KUALA LUMPUR (Sept 29): KNM Group Bhd has bagged an engineering, procurement, construction and commissioning (EPCC) contract worth RM25.69 million from Petronas Gas Bhd (PetGas).

The job involves "packed bed modification for special scheme inspection" at PetGas' Santong gas processing plant in Dungun, Terengganu.

In a bourse filing, KNM said the contract awarded to its wholly owned subsidiary KNM Process Systems Sdn Bhd is for two years.

Ir added that the contract is expected to contribute positively to its earnings for the financial year ending June 30, 2023 (FY23) to FY25.

KNM’s share price finished unchanged at 10 sen on Thursday, bringing the group a market capitalisation of RM367.8 million.