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EITA Bags RM56m TNB Contract for Gurun Substation Rehabilitation

The Malaysian Reserve ·  Dec 5, 2023 18:35

EITA Resources Bhd's subsidiary, TransSystem Continental Sdn Bhd (TSC), has secured a RM56.31 million contract from Tenaga Nasional Bhd (TNB) for the rehabilitation of a main intake substation in Gurun, Kedah.

TSC's scope of work includes the supply, erection, testing, and commissioning of a new 132kV outdoor transmission substation, with the contract effective from end- November 2023 and spanning two years.

The project is expected to positively contribute to EITA's earnings throughout the contract duration.

EITA's shares concluded the trading day at 82 sen, marking a decrease of 2 sen or 2.38%. This resulted in the group's market capitalisation standing at RM213.76 million.

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