Eita Resources bags RM56.36m contract from TNB

This article first appeared in The Edge Financial Daily, on October 24, 2018.
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KUALA LUMPUR: 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’ 60%-owned unit, Transsystem Continental Sdn Bhd, the group said in a stock exchange filing yesterday.

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