Catalist-listed Oiltek International has secured a new contract worth RM19.4 million ($6 million) from Indonesia.
The new contract involves a turnkey project for the construction, fabrication and installation of inside-battery-limits for a new downstream processing plant.
With the new contract, the company’s current order book is approximately RM229.3 million and is expected to be fulfilled over the next 18 to 24 months.
The new contract is expected to have a positive impact on the financial performance of the company for the financial year ending Dec 31.
Shares in Oiltek closed 1 cent higher or 4.6% up on Feb 7 at 22.5 cents.
