The Malaysian Reserve: Bina Darulaman wins RM204m Kedah state road maintenance contract

BINA Darulaman Bhd (BDB) subsidiary, BDB Infra Sdn Bhd, has secured a state road maintenance contract worth RM204 million from the Kedah state government.

The project will cover zone 1, comprising Kota Setar, Padang Terap/Pokok Sena, Kubang Pasu, Pendang, Yan and Sik, and will run for 36 months from May 15, 2023, to May 14, 2026.

BDB group ED Raja Shahreen Raja Othman said the project is expected to positively impact the company’s earnings per share for the financial period of 2023 to 2026.

BDB Infra is a Grade G7 contractor involved in road maintenance, construction works, and quarries in the northern region of Malaysia.

This is the second road maintenance contract awarded to BDB Infra by the Kedah state government after it received a similar three-year contract in 2020 for several districts in the state.

BDB shares slid 1 sen or 3.23% oto 30 sen today, giving it a market capitalisation of RM91 million.

https://themalaysianreserve.com/2023/05/11/bina-darulaman-wins-rm204m-kedah-state-road-maintenance-contract/?fbclid=IwAR1-C4uInuaO5ztb9QKjdgp7sBOo7Q4jvCeoQy6BqaUn2qQusIETvanRNkk