PMW adds RM64.37 million to Tenaga pole supply contract
A second supplemental agreement extends the contract to Dec 8, 2027, bringing its aggregate value to RM148.05 million.
PMW International Bhd said its concrete pole supply arrangement with Tenaga Nasional Bhd has gained RM64.37 million in additional value and another year in duration. The company disclosed the changes in a bourse filing.
The agreement was signed by subsidiary PMW Concrete Industries Sdn Bhd and covers further supplies of spun concrete poles. The RM148.05 million aggregate includes the initial award worth RM64.37 million and an August addition of RM19.31 million.
Deliveries under the original award had reached RM60.19 million. Executive director and chief executive officer Lee Hon Hwa put the remaining balance at approximately RM87.86 million, saying it would bolster PMW’s orderbook and revenue visibility, particularly for FY2027.
According to PMW, the two additions largely replenish orders for infrastructure needed by Tenaga’s distribution network. The August award followed Tenaga’s exercise of an option permitting a contract value increase of up to 30%, with prices and terms unchanged.
PMW’s closing share price was 25.5 sen after a decline of one sen or 3.77%. Its market valuation stood at RM223.26 million.
