SOUTHERN Cable Group Bhd has secured a RM44.8 million letter of award (LOA) from Telekom Malaysia Bhd (TM) to supply battery systems supporting the nation’s network infrastructure rollout.
The LOA to the group’s wholly-owned subsidiary, Southern Cable Sdn Bhd, was awarded by TM’s wholly-owned subsidiary, TM Technology Services Sdn Bhd, to supply, deliver, install, test and commission battery systems including associated engineering services and accessories, to TM’s regional hubs in Peninsular and East Malaysia.
The supply contract will commence in May 2023 and be fulfilled until May 2026, it told the bourse in a filing today.
The battery systems are part of the power management system for network infrastructure.
Southern Cable has an ongoing RM30.4 million contract with TM from September 2021 to supply, deliver, install, test and commission rectifier systems, including associated engineering services and accessories.
In a separate statement, Southern Cable MD Tung Eng Hai said the group is seeing a good flow of cable and wire orders from its customers and has been ramping up production to ensure timely delivery.
“Barring unforeseen circumstances, we are optimistic of our performance for the financial year ending 31 December 2023,” he said.
The latest contract awarded by TM brings the group’s year-to-date contract wins to exceed RM160 million.
The group’s current orders in hand amount to RM737.5 million to be fulfilled until 2024, comprising mainly supply of power cables and wires, as well as related products and services such as aluminium rods. — TMR / pic TMR File