Perwaja pays RM275.77m to Petronas

KUALA LUMPUR: Perwaja Holdings Bhd's unit, Perwaja Steel Sdn Bhd, has settled the RM275.77 million owing to Petroliam Nasional Bhd. The settlement with Petronas, was an important milestone in Perwaja's recovery and represents a key element in reviving Perwaja Steel's operations, the steelmaker said in a statement.