Lysaght secures Rm23mil contract

PETALING JAYA: Lysaght Galvanized Steel Bhd has clinched four subcontracts worth Rm22.75mil from YTL Bhd to supply and install antenna poles.

In filings with Bursa Malaysia, the group said a subcontract would be entered between Lysaght Marketing Sdn Bhd and Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd, a unit of YTL at a later date.

Lysaght said the estimated date of completion was within 177 days to 206 days from the date of commencement.

The works were expected to contribute positively to the group’s earnings and net assets for the financial year ending 2012, it added.