Under the letter of award won by its wholly owned subsidiary Southern Cable Sdn Bhd, the company will supply and deliver underground cables of various sizes and conductors to TNB’s distribution network division for one year, beginning July 2023.

“Current orders in hand of more than RM1 billion are set to be delivered until 2026, encompassing mainly the supply of cables and wires to various industries, in addition to the supply of rectifier and battery systems, and related products,” it said in a statement to Bursa Malaysia today.

Managing director Tung Eng Hai said the enlarged orders in hand have further reinforced the company’s position as a leading cable and wire manufacturer, supporting strong momentum to strengthen the group’s earnings.

“We are also experiencing steady demand from other customers, comprising engineering, procurement, construction and commissioning contractors, as well as resellers,” he said.

Together with the new win, Southern Cable has clinched more than RM500 million in new wins year-to-date, comprising more than RM460 million worth of supply contracts from TNB and a RM44.8 million battery systems supply contract from Telekom Malaysia Bhd.

The group also supplies to other utility companies such as Sabah Electricity Sdn Bhd and Sarawak Energy Bhd.

Southern Cable’s shares finished unchanged at 35.5 sen today, giving it a market capitalisation of RM284 million.