Eita Resources bags RM56.36m contract from TNB

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KUALA LUMPUR (Oct 23): Elevator and bus duct systems maker Eita Resources Bhd has bagged a contract from Tenaga Nasional Bhd (TNB) for a 132kV double circuit underground cable project in Ampang.

The contract, worth RM56.36 million, was awarded to Eita Resources Bhd's 60%-owned unit, Transsystem Continental Sdn Bhd, the group said in a stock exchange filing today.

The contract, to be completed within 730 days, is expected to contribute positively to Eita's earnings over the duration of the job, it added.

Eita's shares did not trade today. The counter last traded at RM1.30 yesterday.