KUALA LUMPUR (July 24): MTD ACPI Engineering Bhd shares rose on Tuesday after it secured a contract worth RM303.2 million to construct a fourth lane between Sungai Buloh and the Rawang interchange.
At 9.25am, MTD ACPI was up 3.5 sen to 43 sen with 35,000 shares traded.
In a filing Monday, the company said its unit MTD Construction Sdn Bhd had accepted the contract from UEMB-MRCB JV Sdn Bdh (formerly known as Intria Urus Sdn Bhd) on July 18.
It said the contract would involve the building of a fourth lane between Sungai Buloh (km457.0) and the Rawang interchange (km443.9) package C.
The company said package C comprised of all work from southbound and northbound inclusive of the drain and guardrails.
MTD ACPI said the contract was worth RM303.2 million, including provisional sum of RM13.6 million and prime cost sum of RM127 million for duration of 30 months.