PETALING JAYA, Kawan Renergy Bhd, through its wholly-owned subsidiary Kawan Engineering Sdn Bhd (KESB), has accepted a contract from Govi Cast Sdn Bhd to carry out the engineering, procurement and construction (EPC) of an additional chemical production line at Govi Cast’s factory in Port Klang.
According to the group’s filing with Bursa Malaysia, the project carries a total contract value of RM12.75 million and is scheduled to be completed, delivered, and commissioned by May 1, 2026.
The contract marks another milestone for Kawan Renergy’s engineering division and reinforces the group’s position as a trusted partner in delivering high-quality EPC solutions within Malaysia’s industrial and energy sectors.
Kawan Renergy said the new project is expected to contribute positively to the group’s earnings and net assets for the financial year ending Oct 31, 2026, while further strengthening its project portfolio in the chemical processing segment.
“KESB does not foresee any exceptional risks other than the normal operational risks associated with the project,” the company said, adding that it remains confident in its ability to execute the works efficiently within the stipulated timeframe.
For the third quarter ended July 31, 2025, Kawan Renergy reported a net profit of RM7.49 million, an increase from RM5.31 million recorded in the same period last year. Revenue also rose to RM35.05 million from RM31.82 million previously, driven by higher project activity and improved operational margins.
The group noted that the latest contract win aligns with its ongoing efforts to expand its presence in the renewable and industrial energy sectors, reflecting steady progress in its strategic growth initiatives.
