Eita bags contracts worth RM126m for LRT3 project

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KUALA LUMUR (March 6): Eita Resources Bhd has bagged three contracts totalling RM126.19 million for the supply of lifts and escalators for the Light Rail Transit Line 3 (LRT3) project.

In a filing with Bursa Malaysia, the group said the contracts were awarded to its unit EITA Elevator (M) Sdn Bhd by Prasarana Malaysia Bhd.

One contract is for the supply and installation of escalators worth RM70.55 million, and the other two are for the supply and installation of lifts worth RM27.76 million and RM27.88 million respectively.

Eita said 106 units of escalators and 95 units of lifts will be installed at LRT3 stations between Bandar Utama in Petaling Jaya and Johan Setia in Klang.

Eita’s share price closed unchanged today at RM1.65, for a market capitalisation of RM214.5 million.