Bintai Kinden wins RM20.28m TNB substation job in Bentong

Bintai Kinden Corp Bhd's wholly owned unit, Kejuruteraan Bintai Kindenko Sdn Bhd, accepted a RM20.28 million letter of award from Tenaga Nasional Bhd (TNB) on 27 October 2026 for the "Extension of 2x45MVA 132/33kV at PMU Avetani, Pahang". The filing names only the state; The Edge reported that the substation is in Bentong. Work starts on 30 November 2026 and is due to take 540 days, which runs to about 23 May 2028 (our calculation).

It is the group's second TNB contract since it left Bursa Malaysia's PN17 list of financially troubled companies on 27 February 2026. The first, in April, was at the Bukit Tengah substation on the Penang mainland.

The two TNB jobs

A PMU (pencawang masuk utama) is one of TNB's main intake substations, where power from the high-voltage grid is stepped down for the local network. The Bukit Tengah filing did not give a start date.

How big the jobs are for Bintai

In its financial year to 31 March 2026, Bintai made revenue of RM55.80 million, up from RM25.29 million, and a pre-tax profit of RM3.91 million after a RM31.97 million loss the year before. On those figures:

• The Bentong job equals about 36% of a year's revenue.
• The two TNB jobs together, RM64.93 million, come to about 1.16 times a year's revenue.
• The order book of RM183.8 million that Bintai gave after the Bentong award is about 3.3 times a year's revenue. The group also said it has RM1.77 billion of tenders under evaluation.

Bintai's shares closed half a sen higher at 7.5 sen on 27 October, valuing the group at RM126.29 million, The Edge reported.

Back from PN17

Bintai fell into PN17 in March 2023 after its subsidiary Optimal Property Management Sdn Bhd defaulted on RM109 million of financing from MBSB Bank Bhd for a student accommodation project. Its TNB contracts were terminated in mid-2023. After a settlement with TNB in June 2025, its TNB vendor registration was reinstated in August 2025, and by 31 March 2026 it had bid for 14 TNB tenders worth about RM1.78 billion, according to its annual report.

Its other work: factories and land

• Golden Valley Hi-Tech Park, Kulai, Johor: Bintai is building eight factory units for Golden Valley Capital Sdn Bhd as a sub-contractor of IED Construction Sdn Bhd: RM25.20 million for the main building works (October 2025), then RM17.93 million for mechanical and electrical works and RM7.74 million for drainage (March 2026). That is RM50.87 million in all.
• Ayer Keroh, Melaka: on 12 August 2026 its unit won an open tender by PLUS Malaysia Bhd to develop two parcels totalling about 103 acres outside the highway's right of way. The land is earmarked for homes and commercial buildings with an estimated gross development value of about RM296.54 million, subject to approvals. The filing gave no land price or deal terms.