This latest contract, awarded to Southern Cable’s subsidiary Southern Cable Sdn Bhd increases the total value of the group’s ongoing supply agreement with TNB to RM854.3 million.

“We are committed to supporting TNB’s development initiatives through our cable and wire solutions that enable grid expansion, renewable energy integration and modernisation efforts,” Southern Cable Group managing director Tung Eng Hai said in a statement.

With the latest contract, Southern Cable’s orders in hand now exceeded RM1 billion, providing strong revenue visibility until 2026.

“These orders encompass the supply of cables and wires, rectifier and battery systems, and other related products,” he said.

As at 2.40pm, Southern Cable’s share price was down by 1 sen or 1.03% at 96.5 sen, giving the group a market capitalisation of RM807 million.

Meanwhile, TNB’s share price was down by 2 sen or 0.14% at RM14.22, giving the group a market capitalisation of RM82.66 billion.