Stella Holdings Berhad through its wholly-owned subsidiary has been appointed by Pengurusan Aset Air Berhad for various Johor city’s water system upgrades for a total value of RM33.8 Million.
Package 1 includes water dispersement system in Parit Markom & Benut di Daerah Pontian, Kg Maju Jaya in Johor Bahru, Pasir Gogok in Kota Tinggi and a water tank in Larkin. While package 2 is for improvement work on the water dispersement systen in Kg Maju Jaya, Johor Bahru dan Parit Markom, Pontian.
The contract is for a period of eighteen months and the date of completion will be in March 2024.
Stella views the contract to contribute positively to the earnings throughout the duration of the project.