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Jati Tinggi wins RM40mil underground cable contract in Selangor

KUALA LUMPUR: Jati Tinggi Group Bhd has secured a contract to install underground cables and accessories for asset development in Selangor worth RM39.9 million.

In a filing with Bursa Malaysia, Jati Tinggi said the contract from YM Teras Sdn Bhd involved installation of 33kV aluminium cross-linked polyethylene.

The contract is effective from the date of acceptance and estimated to be completed within 660 days from the acceptance date.  

Under the contract, Jati Tinggi is required to submit a performance bond and purchase insurance before the commencement of works

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