Ranhill share price slightly up on expansion of wastewater plant

PETALING JAYA: Ranhill Holdings Bhd’s share price rose marginally this morning after its indirectly owned unit AnuRAK Water Treatment Facilities Co Ltd’s proposal for the expansion of the Amata wastewater treatment plant's capacity from 10 million litres per day (MLD) to 15MLD received the green light from Thailand’s Amata Water Co Ltd.
As at 11.04am, Ranhill’s share price was up one sen to 73 sen with 182,500 shares changing hands.
The group said it received a letter of acceptance yesterday for the project located in Amata City Industrial Estate in the province of Rayong, Thailand.
The 66 million baht (RM8.19 million) contract entails the construction of an additional module of the existing wastewater treatment plant facilities built by AnuRAK, to treat the increasing volume of industrial wastewater at the industrial estate.