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

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