Ingress Corporation Bhd shares extended its gains as at 10am, rising two sen to 79 sen with 299,100 shares traded, as promising earnings attracted investors' interest in the stock.
After securing a RM84.8 million contract from Perusahaan Otomobil Nasional Sdn Bhd (Proton) last week, Ingress' subsidiaries yesterday landed power management contracts worth RM55 million from Tenaga Nasional Bhd.
Ingress said the power management projects would comprise the establishment of PMU 132kV Kota Setar Applied Innovative Services Rehab and 132kV Lines Diversion at PMU Kota Setar.
It also includes the proposed 275kV Bulk Supply to Bahru Stainless (Extension of 2 x 275kV Overhead Line Bays at PMU275/132/22 kV Cahaya Baru).
Ingress, involved in the power engineering sector said both projects, scheduled to commence in the first quarter of financial year ending Jan 31, 2013 was expected to contribute positively to group earnings. -- Bernama
After securing a RM84.8 million contract from Perusahaan Otomobil Nasional Sdn Bhd (Proton) last week, Ingress' subsidiaries yesterday landed power management contracts worth RM55 million from Tenaga Nasional Bhd.
Ingress said the power management projects would comprise the establishment of PMU 132kV Kota Setar Applied Innovative Services Rehab and 132kV Lines Diversion at PMU Kota Setar.
It also includes the proposed 275kV Bulk Supply to Bahru Stainless (Extension of 2 x 275kV Overhead Line Bays at PMU275/132/22 kV Cahaya Baru).
Ingress, involved in the power engineering sector said both projects, scheduled to commence in the first quarter of financial year ending Jan 31, 2013 was expected to contribute positively to group earnings. -- Bernama
