The project will begin in June, and will take 45 months to complete.
Koyo says the latest contract will lift the group’s current order book to $140.4 million. The contracts on hand are expected to be completed from financial years 2021 to 2026.
The contracts are expected to give Koyo International’s earnings a boost for the group’s financial year ending December.
Shares at Koyo closed flat at 6.6 cents.
