CEO Morning Brief

BDB Bags RM204 Mil State Road Maintenance Contract in Kedah

Publish date: Fri, 12 May 2023, 09:40 AM
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TheEdge CEO Morning Brief
BDB bags RM204 mil state road maintenance contract in Kedah

KUALA LUMPUR (May 11): Bina Darulaman Bhd’s (BDB) unit has secured a state road maintenance contract worth RM204 million from the Kedah state government.

BDB’s wholly-owned subsidiary BDB Infra Sdn Bhd (BDB Infra) will undertake the project that will run for a period of 36 months from May 2023 to May 2026, the company said in a filing to Bursa Malaysia on Thursday (May 11).

The maintenance work will cover zone one, which includes the districts of Kota Setar, Padang Terap/Pokok Sena, Kubang Pasu, Pendang, Yan and Sik.

BDB group executive director Raja Shahreen Raja Othman said this project is expected to have a positive impact on the company's earnings per share for the financial period of 2023 to 2026.

BDB Infra is a Grade G7 contractor with more than 50 years of experience and has a proven track record in road maintenance and construction works as well as quarries in the northern region of the country.

Previously, in 2020, BDB Infra was also awarded a three-year contract by the Kedah state government for the purpose of road maintenance in several districts in the state.

This included of districts of Kota Setar, Padang Terap/Pokok Sena, Kuala Muda, Sik, Kubang Pasu, Kulim/Bandar Baharu, Pendang, Yan, and Baling.

In February 2023, BDB Infra clinched a RM34.08 million contract from the Ministry of Agriculture and Food Security to develop a tertiary irrigation system in Kedah and Perlis.

BDB shares closed 3.23% or 1 sen lower to 30 sen, valuing the company at RM91.16 million.

Source: TheEdge - 12 May 2023

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