Master Tec Group Berhad (“Master Tec” or the “Group”), a premier player in the manufacturing and distribution of power, control and instrumentation cables, has received an Optional Value award amounting to RM32.86 million from Tenaga Nasional Berhad (“TNB”) under Contract TNB104/2025 for the supply and delivery of underground cables and conductors for TNB’s Distribution Network.
With the Optional Value exercised, the revised contract value increases to RM142.40 million, up from the original contract price of RM109.54 million. The Optional Value is governed by specific performance and quality criteria and will be executed in accordance with the existing contractual framework.
The contract covers the supply and delivery of underground cables and conductors of various sizes, reinforcing Master Tec’s position as a trusted supplier to Malaysia’s national utility, particularly in projects supporting grid reinforcement, underground cabling, and distribution network upgrades.
Mr. Tee Kok Hwa, Chief Executive Officer of Master Tec Group commented, “The award of this Optional Value by TNB underscores the strength of our execution capabilities and the consistency of our product quality. It further validates our long-standing relationship with TNB and highlights Master Tec’s role in supporting Malaysia’s power distribution infrastructure. We view this as a strong endorsement of our manufacturing platform and operational discipline.”
In the latest quarterly result announcement, Master Tec delivered another record quarter for the third quarter ended 30 September 2025 (“Q3 FY2025”), with revenue rising to RM115.83 million. This marks a 32.2% increase from RM87.63 million in the corresponding quarter last year (“Q3 FY2024”), underscoring continued demand for the Group’s cable products and expanding infrastructure solutions.
Master Tec will remain committed to maintaining high standards of execution, quality assurance, and timely delivery, as it continues to support utility-led infrastructure projects nationwide. The Group will continue to focus on strengthening its manufacturing capabilities and operational efficiency to meet the evolving requirements of Malaysia’s power distribution network.
As at 5:00 P.M., 6 January 2026, Master Tec’s share price closed at RM1.13, reflecting a market capitalisation of RM1.15 billion.
