KUALA LUMPUR (Feb 25): Varia Bhd (KL:VARIA) has secured a RM155 million subcontract for upgrading works on the Pasir Gudang Highway, strengthening its construction order book for the next three years.

Pembinaan Teguh Maju Sdn Bhd, the construction outfit's wholly-owned subsidiary, accepted the letter of award from Kemuncak Pesaka Sdn Bhd on Wednesday, according to the group’s stock exchange filing.

The subcontract covers labour, materials, equipment and machinery supply for the construction and completion of civil and infrastructure upgrading works for the Pasir Gudang highway in Johor.

The contract runs for 36 months from Dec 3, 2025 till Dec 2, 2028.

Shares of Varia closed unchanged at 84 sen on Wednesday, with a market capitalisation of RM363.3 million.