corporate

Deleum unit bags RM105m job from Petronas Carigali

KUALA LUMPUR: Deleum Technology Solutions Sdn Bhd, a 86.67 per cent owned indirect subsidiary of Deleum Bhd, has bagged a job worth RM105 million from Petronas Carigali Sdn Bhd for the provision of offshore maintenance, construction and modification (MCM) services covering Peninsular Malaysia Assets (Gas Package) for the year 2024.

In a filing to Bursa Malaysia today, the company said the contract period is from May 16 to Dec 31, 2024 and is expected to contribute positively to its earnings for the duration of the contract.

It said the contract is expected to be funded via internally generated funds.

At midday break, its share price was up 2.80 per cent or 4 sen to RM1.47, giving it a market capitalisation of RM590.28 million.

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