EITA Resources bags RM80.6m contract to supply LRT3 escalators

-A +A

KUALA LUMPUR (Feb 28): EITA Resources Bhd has bagged an RM80.6 million contract to supply escalators for the Light Rail Transit Line 3 (LRT3) from Bandar Utama to Johan Setia.

The group’s wholly-owned subsidiary EITA Elevator (Malaysia) Sdn Bhd received a letter of acceptance today from Prasarana Malaysia Bhd, making it the designated contractor for the supply, delivery, installation, testing and commissioning for Package ESC (E).

This will see EITA supplying and installing a total of 114 escalators for the underground works package and the GS01 to GS05 works packages.

The contract, which will not have any material effect on EITA’s net assets and gearing for its financial year ending Sept 30, 2018 (FY18), is expected to contribute positively to earnings over the duration of the contract, EITA said.

Shares in EITA closed up 3 sen or 1.87% at RM1.63 today, giving the group a market capitalisation of RM211.9 million.