KUALA LUMPUR (Oct 26): Pansar Bhd (KL:PANSAR) has secured a letter of acceptance (LOA) from KKB Engineering Bhd (KL:KKB) for a RM170.9 million subcontract involving the second phase of water infrastructure upgrades in Samalaju, Sarawak.
In a bourse filing on Monday, Pansar said its wholly-owned subsidiary Perbena Emas Sdn Bhd had accepted the LOA for civil and structural works of the project, which is part of the Sarawak Corridor of Renewable Energy (SCORE).
Work includes the construction and completion of buildings and infrastructure for a raw water intake facility with a capacity of 160 million litres per day (MLD), pumping mains, a 120 MLD water treatment plant and associated facilities.
The contract is scheduled to commence in November and will run for 36 months.
Pansar's shares closed up one sen or 2.27% at 45 sen on Monday, valuing the group at RM314.56 million.