KUALA LUMPUR: Kumpulan Perangsang Selangor (KPS) Bhd has secured a RM18.14mil contract to provide and ship water meters for brand spanking new growth, meters migration and alternative programme.
KPS, in a submitting with Bursa Malaysia, mentioned its 51%-owned subsidiary, Aqua-Flo Sdn Bhd (AFSD) had entered right into a framework settlement with Pengurusan Air Selangor Sdn Bhd (Air Selangor) for the provision and supply of water meters.
The contract is for a interval of 12 months commencing from Jan 1 to Dec 31, 2022.
Air Selangor has the choice to increase the contract interval for an additional time period of six months.
There’s a efficiency bond equal to five% of the estimated contract sum to be delivered to Air Selangor by AFSB previous to the graduation date.
“The contract is predicted to contribute positively to the KPS group’s earnings and internet property for the monetary 12 months ending Dec 31, 2022, all through the length of the contract,” KPS mentioned.