Eita's subsidiary bags RM56.31mil TNB contract


KUALA LUMPUR: EITA Resources Bhd's 60 per cent-owned subsidiary, TransSystem Continental Sdn Bhd (TSC), has bagged a RM56.31 million contract from Tenaga Nasional Bhd for the rehabilitation of PMU 132/11 kilovolts (kV) Gurun (Rehab) in Kedah.

In a filing with Bursa Malaysia today, it said TSC's scope of work for the contract includes supplying, erecting, testing and commissioning a new 132kV conventional outdoor transmission substation to replace the existing old station.

TSC said other works include the civil, transmission lines and remote ends relay retrofits.

It said the contract is effective from Nov 30, 2023, and is expected to complete in 730 days from the commencement date.

"The contract would not have any material effect on the net assets and gearing of Eita group for the financial year ending Sept 30, 2024, and is expected to contribute positively to the earnings of the group over the duration of the contract.," it added. - Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Greatech Technology's net profit improves to RM154.99mil in FY24
Sime Darby Auto Connexion invests RM16.6mil in 3S centre in Penang
Taiwan's ASE opens 5th semiconductor plant in Penang
EXIM Bank appoints Nurbayu as president and CEO
Eco World buys remaining 40% in Paragon Pinnacle
Able Global CEO and chairman released from MACC remand
MyEG optimistic about long-term growth, plans AI and blockchain expansion globally
Sunzen disposes of loss-making animal health subsidiaries for RM17.3mil
Glostrext posts record net profit and revenue in 9MFY25, surpassing FY24 totals
Deleum wins contract from PETRONAS Carigali

Others Also Read