Pansar secures RM170.9 million water infrastructure subcontract in Sarawak
The work covers raw water intake infrastructure, pumping mains and a treatment plant, with construction scheduled to begin in November.
Pansar Bhd said its wholly-owned subsidiary, Perbena Emas Sdn Bhd, has accepted a RM170.9 million subcontract from KKB Engineering Bhd for the second phase of upgrades to water infrastructure in Samalaju, Sarawak.
In a bourse filing, Pansar said the letter of acceptance covers civil and structural work. The project falls under the Sarawak Corridor of Renewable Energy (SCORE), with work scheduled to start in November and run for 36 months.
The scope involves building and completing infrastructure and buildings for a raw water intake facility with capacity of 160 million litres per day (MLD). It also includes pumping mains, a water treatment plant rated at 120 MLD and related facilities.
At the Oct 26 close, Pansar shares stood at 45 sen, gaining one sen or 2.27%. The group's market value was RM314.56 million.
