In a statement today, the company said the contract will commence from October 1, 2021, until September 30, 2026.
In a statement today, the company said the contract will commence from October 1, 2021, until September 30, 2026.

KUALA LUMPUR: Handal Energy Bhd's wholly-owned subsidiary, Handal Cranes Sdn Bhd, has clinched a five-year contract from ExxonMobil Exploration and Production Malaysia Inc to provide crane overhaul, repair, and refurbishment services.

In a statement today, the company said the contract will commence from October 1, 2021, until September 30, 2026.

Handal said the contract does not carry a specified value as it runs on a call-out basis where fees are determined at the point of time the service is provided during the tenure of the contract.

Handal group managing director Sunildeep Dhaliwal said the latest contract by ExxonMobil is another testament to their confidence in Handal services for the past three decades.

"We have been providing our services to ExxonMobil (or ESSO then) since 1988, and this is their second maintenance contract awarded to our company this year.

"We are pleased to have secured this long-term contract and look forward to improving further our performance level include providing value-adding services to them," he said.

Sunildeep said the company has returned to profitability in the financial year ended June 30, 2021, and this overhaul maintenance service contract plays an important part in contributing towards the company's earnings.

"We expect this contract to contribute positively to our earnings for the financial year 2022 until 2026," he added.