Kawan Renergy wins contract in Port Klang

PETALING JAYA: Kawan Renergy Bhd’s wholly-owned subsidiary Kawan Engineering Sdn Bhd (KESB) has accepted an offer from Govi Cast Sdn Bhd to undertake the engineering, procurement and construction of an additional chemical production line at its Port Klang factory for RM12.75mil.

In a filing with Bursa Malaysia, the group said the project is to be delivered and commissioned by May 1, 2026.

It is expected to contribute positively to the earnings and net assets of the company and its subsidiaries for the financial year ending Oct 31, 2026.

“KESB does not foresee any exceptional risks other than the normal operational risks associated with the project,” it said.

For its third quarter ended July 31, 2025, Kawan Renergy’s net profit rose to RM7.49mil from RM5.31mil in the previous corresponding period, while revenue grew to RM35.05mil from RM31.82mil a year earlier.