Comintel's unit secures subcontract worth RM96.64 mil from Binastra

Comintel's unit secures subcontract worth RM96.64 mil from Binastra
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KUALA LUMPUR (Oct 18): Comintel Corp Bhd’s wholly-owned subsidiary Total Package Work Sdn Bhd has accepted a revised letter of award from Binastra Construction (M) Sdn Bhd worth RM96.64 million. 

In a filing with Bursa Malaysia on Monday, Comintel said the sub-contract includes the supply of labour and material for concrete, formwork, reinforcement bars and fabric steel reinforcement (BRC) works in respect of the development of Plot 8 in Damansara Perdana, Selangor.

“The sub-contract shall commence as per main contractor’s work programme and to be completed within 18 months from the commencement date. 

“The sub-contract is expected to provide an additional income stream for the group over the next two years,” it added.