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Benalec unit wins RM1.9 billion coal transport deal with TNB Fuel

Benalec Holdings Bhd’s unit Benalec Sdn Bhd secured a RM1.9 billion contract to transport coal for TNB Fuel Services Sdn Bhd.

Source: Benalec Holdings Berhad · July 30, 2026 at 11:05 PM · AI-assisted report

Benalec unit wins RM1.9 billion coal transport deal with TNB Fuel
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Photo: Wikimedia Commons — Central Bank of Malaysia

KUALA LUMPUR, 31 JULY 2026 —

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Benalec Holdings Bhd’s unit Benalec Sdn Bhd secured a RM1.9 billion contract to transport coal for TNB Fuel Services Sdn Bhd.

Market Impact

The two-year deal, starting 6 June 2025 and ending 5 June 2027, includes a one-year extension option. Benalec will ship 3.5 million metric tonnes of coal annually, with TNB Fuel able to raise the volume by up to 20%.

Transport rates range from US$4.84 to US$88.75 per metric tonne, paid in ringgit at Bank Negara Malaysia’s exchange rate.

Benalec said the contract will not affect its share capital or ownership structure. It expects the deal to lift revenue and net assets for the year ending 31 December 2025 and beyond.

The company sees no material risk but will monitor potential exposure during the project. Its board said the contract serves the company’s best interests.

Related: Bank Negara Malaysia

Reporting based on Benalec Holdings Berhad. Figures and claims are subject to revision as the story develops. DomainFork publishes editorial context, not investment advice — see our editorial standards.

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