It hopes to conclude its contract to construct littoral combatant ships (LCS) for the Ministry of Defence soon to achieve its target of doubling its order book in 2011.It expects the details of the contract to be ironed out by the middle of 2011.The contract would be in the billions of ringgit and would be valued much higher than the first batch of vessels.
BHIC’s order book currently stands at RM1.2 billion.
BHIC had received a letter of intent in October 2010 to undertake the construction of six second-generation patrol vessels with combatant capabilities. The value and duration of the project were still being worked out.
BHIC has a 20.74% stake in Boustead Naval Shipyard Sdn Bhd (BNS), which is the sole holder of the rights to build 27 offshore patrol vehicles (OPVs) for the Royal Malaysian Navy.
The first batch of the OPV programme, which was awarded in 1999, came up to RM5.3 billion. It was reported by The Edge late last year that the contract value for the second batch of vessels could possibly be more than RM7 billion.
BHIC is looking forward to participate in oil and gas projects given Petroliam Nasional Bhd’s (Petronas) substantial capital expenditure programme and plans to develop marginal oilfields.
BHIC is among seven companies that have a fabrication licence by Petronas.
The group is also in advanced negotiations with several parties to make commercial vessels.
BHIC had received a letter of intent in October 2010 to undertake the construction of six second-generation patrol vessels with combatant capabilities. The value and duration of the project were still being worked out.
BHIC has a 20.74% stake in Boustead Naval Shipyard Sdn Bhd (BNS), which is the sole holder of the rights to build 27 offshore patrol vehicles (OPVs) for the Royal Malaysian Navy.
The first batch of the OPV programme, which was awarded in 1999, came up to RM5.3 billion. It was reported by The Edge late last year that the contract value for the second batch of vessels could possibly be more than RM7 billion.
BHIC is looking forward to participate in oil and gas projects given Petroliam Nasional Bhd’s (Petronas) substantial capital expenditure programme and plans to develop marginal oilfields.
BHIC is among seven companies that have a fabrication licence by Petronas.
The group is also in advanced negotiations with several parties to make commercial vessels.
While the group is known for its defence-related works, BHIC is looking to also strengthen its commercial side. For the next three to five years, it (revenue) will mainly come from the defence-related works.
BHIC was previously known as PSC Industries Bhd (PSCI).
BHIC posted a net profit of RM79.7 million for FY10 ended Dec 31 from RM76.7 million a year ago. Revenue rose to RM649.8 million from RM543.9 million.
BHIC was previously known as PSC Industries Bhd (PSCI).
BHIC posted a net profit of RM79.7 million for FY10 ended Dec 31 from RM76.7 million a year ago. Revenue rose to RM649.8 million from RM543.9 million.
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