EITA Resources unit bags six contracts worth RM24.7m from TNB

PETALING JAYA: EITA Resources Bhd's unit has bagged six contracts worth RM24.77 million from Tenaga Nasional Bhd (TNB), which are mainly for the replacement of primary and ancillary equipment for power management units in Terengganu, Kelantan, Negri Sembilan and Selangor.
The group told the stock exchange today its 60%-owned subsidiary Transsystem Continental Sdn Bhd has received letters of acceptance (LoAs) from TNB as the contractor for the contracts.
EITA said the contracts are expected to commence anytime from the date of the official receipt of the LoAs and is expected to complete within a range of 490 days to 730 days from the date of commencement of the respective contract.
They are expected to contribute positively to the group's earnings over their duration.
On Bursa Malaysia today, EITA slipped one sen or 0.62% to close at RM1.61 with 34,000 shares traded.