Shares of Master Tec Group Bhd traded higher after the cable manufacturer secured a one-year optional contract extension from Tenaga Nasional Berhad (TNB) worth RM109.54 million.
As at 4.15pm, Master Tec was trading at RM0.995, up 1 sen or 1.02%, with 251,300 shares changing hands.
The counter opened at RM0.990 and traded between RM0.990 and RM1.050 during the session. It recorded a last done price of RM0.995, with buying interest at RM0.995 and selling interest at RM1.000.
The contract extension was awarded to Master Tec’s wholly-owned subsidiary for the supply and delivery of underground cables and conductors of various sizes for TNB’s Distribution Network Division.
The extension, which runs from 10 August 2026 to 9 August 2027, forms part of Contract TNB104/2025 that originally carried a contract value of RM107.75 million.
Including the latest optional extension, subsequent addendums and other optional value components, the total contract framework value has increased to approximately RM251.94 million.
The latest contract extension strengthens Master Tec’s order visibility as demand for electricity infrastructure and grid enhancement projects continues to support the power sector.
