Varia Berhad, formerly Stella Holdings Bhd, has secured a RM94.86 million contract as a subcontractor for the Klang River flood mitigation project in Shah Alam, Selangor.

The project, spanning 60 months from Feb 1, 2024, to Jan 31, 2029, is expected to positively impact Varia's earnings within the contract duration without affecting the group's share capital and structure.

Its MD Datuk Benson Lau noted the award's significance in promoting sustainable development, showcasing technical excellence, and reflecting the company's commitment to Environmental, Social, and Governance (ESG) principles.

The Klang River project addresses flood risks in Shah Alam, aligning with Varia's dedication to societal well-being and environmental stewardship.

The initiative supports Varia's ethos of intertwining growth objectives with broader social and environmental considerations.