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Master Tec Deepens Role in Malaysia’s Power Infrastructure with RM109.54 Million TNB Extension

One-Year Underground Cable Supply Extension Reflects Master Tec’s Manufacturing Strength, Delivery Track Record and Utility-Grade Quality Standards

Master Tec Group Berhad (“Master Tec” or the “Group”), a premier player in the manufacturing and distribution of power, control and instrumentation cables, announced that its wholly-owned subsidiary, Master Tec Wire & Cable Sdn. Bhd. (“MTWC”), has secured a one-year optional contract extension from Tenaga Nasional Berhad (“TNB”) for the supply and delivery of underground cables and conductors of various sizes for TNB’s Distribution Network Division.

Master Tec Group Berhad

The extension, valued at RM109.54 million, will run from 10 August 2026 to 9 August 2027. It forms part of Contract TNB104/2025, which originally carried a contract value of RM107.75 million, together with subsequent addendums and optional value components. Including the latest optional extension, the total contract framework value amounts to approximately RM251.94 million.

The award highlights Master Tec’s growing capability in supporting Malaysia’s electricity infrastructure supply chain, particularly in underground cable and conductor solutions used for power distribution networks. For a cable manufacturer, supplying to a national utility such as TNB requires more than production scale. It reflects the ability to meet stringent technical specifications, consistent product quality, delivery discipline and long-term supply reliability.

Beyond the contract value, the extension strengthens Master Tec’s visibility within the utilities segment, a market that is expected to remain supported by grid upgrading, electrification demand, renewable energy integration, industrial expansion and new power infrastructure requirements. With Malaysia’s energy system becoming more complex and electricity demand continuing to grow, reliable local cable manufacturers play a key role in ensuring the timely rollout of critical infrastructure.

Mr. Tee Kok Hwa, Chief Executive Officer of Master Tec Group commented, “This extension is an important validation of Master Tec’s manufacturing capabilities and our ability to support national-scale power infrastructure. Underground cables are not simply commodity products; they are essential components in the reliability and safety of the electricity distribution network. We are proud to continue supporting TNB’s Distribution Network Division with products that meet demanding quality and delivery requirements.”

He added, “For Master Tec, this contract extension reflects the progress we have made in building production scale, technical know-how and customer confidence. Our focus has always been to manufacture cables that are reliable, consistent and fit for critical infrastructure use. As Malaysia continues to invest in electrification, grid reliability and energy transition projects, we believe our capabilities position us well to serve the next phase of infrastructure demand.”

As of today, Master Tec’s manufacturing business, MTWC, maintained an outstanding order book of RM231.65 million, while its infrastructure services subsidiary, Sediacom Sdn. Bhd. (“Sediacom”), recorded an outstanding order book of RM89.36 million, providing healthy earnings visibility for the Group.

Looking ahead, Master Tec will continue to strengthen its role as a trusted cable solutions provider for Malaysia’s power infrastructure ecosystem. The Group remains focused on enhancing manufacturing efficiency, deepening technical capabilities and maintaining the quality standards required for utility-scale projects. With a stronger track record in cable supply and a growing platform across infrastructure-related markets, Master Tec is well-positioned to capture opportunities arising from Malaysia’s continued investment in electricity distribution, industrial development and energy transition infrastructure.

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