Friday 26 Apr 2024
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KUALA LUMPUR (Jan 24): Salcon Bhd’s 60%-owned unit Envitech Sdn Bhd has secured a RM7.09 million contract from Jurutera Perunding Tegap Sdn Bhd for works related to the construction and upgrading of sewage infrastructure in Banting, Selangor.

In its filing with the stock exchange, the company said the works comprise the design, construction and completion of a sewage pumping station and pumping main, and the upgrading of an existing pumping station and treatment plant.

The contract is for a 12-month period commencing January 30, 2018.

“The project is expected to contribute positively towards the earnings and net assets of Salcon group for the financial years ending Dec 31, 2018 and Dec 31, 2019,” it said.

Salcon share price closed unchanged at 48.5 sen today, giving it a market capitalisation of RM330.09 million.

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