Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 31): A 60%-owned unit of Eita Resources Bhd has bagged an RM48.94 million contract from Tenaga Nasional Bhd to undertake a double circuit 132 kilovolt (kV) underground cable project in Melaka.

The unit, TransSystem Continental Sdn Bhd (TSC), received a letter of acceptance today from Tenaga Nasional for the project, which runs from Pencawang Masuk Utama (PMU) Ujong Pasir to PMU Pulau Melaka.

“The contract shall be effective from (today) and the time for completion shall be 605 days from the commencement date,” Eita said in a stock exchange filing today.

Shares in Eita gained 5 sen or 4.03% to close at RM1.29 today, leaving the group with a market capitalisation of RM167.7 million.

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