Pekat Group Bhd has announced that its subsidiary, Pekat E & LP Sdn Bhd (PELP), has secured three subcontracts worth RM57.18 million for earthing and lightning protection works on a project in Johor Bahru.
Pekat said the subcontracts were awarded by a company principally engaged in engineering, construction services and investment holding, according to a bourse filing on Monday. The identity of the company was not disclosed due to confidentiality obligations.
Under the subcontracts, PELP’s scope of works spans the design, supply, installation, testing and commissioning of comprehensive earthing and lightning protection systems, which include civil works and substation applications, reflecting the technical breadth of the project.
The first subcontract, valued at RM27.21 million, commenced on July 6, 2026, and covers the supply, delivery, installation, testing and commissioning of the earthing and lightning protection system, with completion expected by September 2027.
The second subcontract, worth RM4.64 million, commenced on March 24, 2026. Its scope includes the supply and installation of the system for a substation, targeted for completion by February 2027.
Works under the third subcontract, valued at RM25.33 million, began in January this year and involve the full design, supply, installation and testing of earthing and lightning protection services, including earthmath, cabling, copper tape, joints, terminations, fixings, accessories and related civil works. Completion is scheduled for February 2027.
In the bourse filing, Pekat said it expects the works to contribute positively to its earnings for the financial year ending Dec 31, 2026, underscoring the financial significance of the contract wins for the group.
At the noon break on Monday, Pekat shares were up two sen, or 1.1%, at RM1.91. At its last traded price, the group was valued at RM1.36 billion. Year-to-date, the stock has climbed 15.06%, reflecting positive investor sentiment amid the company’s steady stream of contract wins.
