KUALA LUMPUR (Oct 17): Salcon Bhd (KL:SALCON) said on Thursday that its wholly owned subsidiary Salcon Engineering Bhd has won an external water reticulation work package for RM18.5 million.

According to a bourse filing, the contract was awarded by LTE Engineers Sdn Bhd on behalf of F&N AgriValley Sdn Bhd in Gemas, Negeri Sembilan.

Based on the project description, the work packages are split into two sections and are related to Fraser & Neave Holdings Bhd’s (KL:F&N) integrated dairy farm.

Salcon said section one of the project will begin from Jan 19, 2025 for a period of 13 weeks, while section two will start from April 20, 2025, spanning 26 weeks.

The company also said the project is expected to contribute positively towards its earnings and net assets for the financial year ending Dec 31, 2025, onwards.

Salcon shares closed up half a sen or 1.7% to 29.5 sen, giving it a market capitalisation of RM305.45 million.