Benalec bags TNB Fuel contract
Headline: Benalec bags TNB Fuel contract Lead: Details not yet available Body: PETALING JAYA: Benalec Sdn Bhd, a wholly-owned subsidiary of Benalec Holdings Bhd (Benalec), has bagg
Source: Benalec Holdings Berhad · July 30, 2026 at 11:05 PM · AI-assisted report
KUALA LUMPUR, 31 JULY 2026 —
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Headline: Benalec bags TNB Fuel contract Lead: Details not yet available Body: PETALING JAYA: Benalec Sdn Bhd, a wholly-owned subsidiary of Benalec Holdings Bhd (Benalec), has bagged a contract from TNB Fuel Services Sdn Bhd for the transportation of bulk coal under a contract of affreightment.
Market Impact
The deal, awarded under tender TNBF 04/25, covers a two-year period from June 6, 2025 to June 5, 2027, with an optional one-year extension subject to mutual agreement.
According to a Bursa Malaysia filing, Benalec said it will be transporting up to 3.5 million tonnes of coal annually, with a flexibility margin of about 20% at the discretion of TNB Fuel.
As for the contract price, freight rates will range from US$4.84 to US$88.75 per tonne, depending on voyage routes, of which payments will be settled in ringgit based on Bank Negara’s exchange rate on the bill of lading date. Source: Benalec Holdings Berhad Published: 2025-06-11T03:56:34.000Z Region: OSINT Topic: Economy (AI-assisted rewrite, based on the original source)
Related: Bursa Malaysia