KUALA LUMPUR (April 6) : Ingress Corp Bhd will establish a switching station for TENAGA NASIONAL BHD [] (TNB) in a deal worth RM26.6 million. The 275-kilovolt station will be set up at Pantai Remis, Selangor.
In a statement to the exchange on Friday, Ingress said TNB has issued a letter of intent for the project to a joint venture between two subsidiaries of Ingress, namely, Multi Discovery Sdn Bhd and Ramusa Engineering Sdn Bhd.
“The project is expected to contribute positively to the earnings of the Ingress group,” Ingress said.
According to Ingress, the estimated one-and-half year project will start between May and July this year which is the second quarter of its current financial year ending Jan 31, 2013.
In a statement to the exchange on Friday, Ingress said TNB has issued a letter of intent for the project to a joint venture between two subsidiaries of Ingress, namely, Multi Discovery Sdn Bhd and Ramusa Engineering Sdn Bhd.
“The project is expected to contribute positively to the earnings of the Ingress group,” Ingress said.
According to Ingress, the estimated one-and-half year project will start between May and July this year which is the second quarter of its current financial year ending Jan 31, 2013.
