Powerwell Holdings Bhd’s wholly-owned subsidiary, Powerwell International Sdn Bhd, is set to buy a 55% stake in M Electrical & Engineering for RM8.25mil to complement its offerings.
Coal India’s provisional coal production in May 2023 rose by 9.5 per cent on a Year on Year (YoY) basis to 59.9 million tonnes from 54.7 million tonnes produced in the same month last year.
Tenaga Nasional Bhd (TNB), which posted a net profit of RM888.9mil in the third quarter ended Sept 30, 2022 (3Q22), anticipates a reasonable performance this year with electricity demand rising by 7.2% year-on-year (y-o-y) in line with Malaysia’s economic growth.