Deleum Bhd announced that its 90%-owned subsidiary, Turboservices Sdn Bhd, has won a six-year contract to service solar turbine turbomachinery for PETRONAS Carigali, the exploration arm of Petroliam Nasional Bhd (PETRONAS). The contract, which began on Nov 8, includes an option for a three-year extension. The contract value was not disclosed.
Under the agreement, Turboservices will provide OEM-certified spare parts, preventive and corrective maintenance, troubleshooting, engineering and technical support, major equipment overhauls, refurbishment, repairs, and package system upgrades for the solar turbines used by PETRONAS Carigali.
Deleum said the contract, funded from internal resources, is expected to positively impact the group’s revenue, earnings, and net assets throughout its duration. While the project carries risks such as occupational safety, execution challenges, and external factors like political or regulatory changes, the company said it is confident its expertise will help mitigate these risks.
Shares of Deleum closed at RM1.21, down one sen or 0.82%, giving the company a market capitalization of RM485.88 million.
