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Information & Communication Secures Two Contracts Worth THB176 Million

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Information & Communication Networks (SET:ICN) bagged two contracts from Thailand's Provincial Electricity Authority worth a combined 175.5 million baht, including VAT, according to a Thursday Thailand Exchange filing.

The first contract, valued at 147.4 million baht, involves the procurement and installation of an integrated radio communication system in central Thailand. The company's share of the joint venture is 50.72%.

The second contract, worth 28.1 million baht, covers the purchase and installation of communication equipment for a teleprotection system in the Provincial Electricity Authority's Region 3.

The projects are scheduled for completion within 240 days and 300 days, respectively, it said.

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