Elridge Energy commits RM45 million to activated carbon production
The investment will use internally generated funds, with production at the Pulau Indah plant expected to start in two phases in 2027.
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The investment will use internally generated funds, with production at the Pulau Indah plant expected to start in two phases in 2027.
The board changes follow Hii Capital Holdings Sdn Bhd securing a 53.08% stake when a mandatory offer closed.
The contracts cover construction work and solar component supplies for a 99.99MW plant, with commencement subject to a notice to proceed.
FY2026 net profit tripled to RM308 million, while revenue rose 21% to RM4.23 billion on higher sales volume.
Selected banks will test an industry-wide fraud alert capability during the first half of 2027 before a broader rollout.
The group is seeking an 8% increase in FY2027 and plans to recruit workers while improving productivity and automation.
The L8/66 block carries a US$14.3 million (RM58.4 million) minimum work commitment, with the award still subject to an agreement and conditions.
The currency weakened against the euro, British pound and most ASEAN peers, while gaining against the Japanese yen and Philippine peso.
Phase 1 was 98.16% complete as of September, with Malaysia Rail Link confident of starting commercial operations in mid-December 2026.
Gainers outnumbered decliners, while trading volume fell to 4.18 billion units with a value of RM2.95 billion.