Metronic Global units gets RM50 mln MRT Corp contract
Metronic Global units gets RM50 mln MRT Corp contract | March 29, 2018 (Thu)
KUALA LUMPUR, March 29 (Bernama) --Metronic Global Bhd's wholly-owned unit, Metronic Engineering Sdn Bhd, has been appointed by Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) as primary contractor for the design, supply, installation, testing and commissioning of building management system for underground works of Sungai Buloh-Serdang-Putrajaya MRT Line 2 project worth approximately RM50 million.
In a filing to Bursa Malaysia today, Metronic said, the contract commenced this month and would be completed by July 2021.
"The contract is expected to substantially contribute positively towards the future earnings and net assets per share of Metronic for the financial year ending March 31, 2019 and onwards until the expiry of the contract," it said.
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