KUALA LUMPUR: PUNCAK NIAGA HOLDINGS BHD [] shares rose on Thursday, Oct 21 after the company said it was bidding for a water supply and treatment project in India.
At 9.30am, Puncak was up six sen to RM2.94 with 30,000 shares traded.
On Wednesday, Puncak said it had entered into two separate joint venture agreements with P&C CONSTRUCTION []s (P) Ltd in India to jointly bid the for water supply and flourosis mitigation project called the Tamilnadu Water Supply and Drainage Board in India.
In a filing to Bursa Malaysia, Puncak Niaga said together with P&C Constructions, it would form a joint venture (JV) called PNHB-P&C Joint Venture to bid for Packages III and V of the Hogenakkal project for the Dharmapuri and Krishnagiri districts.
Puncak Niaga will lead the JV with a 60% stake while P&C Constructions will have 40%.
At 9.30am, Puncak was up six sen to RM2.94 with 30,000 shares traded.
On Wednesday, Puncak said it had entered into two separate joint venture agreements with P&C CONSTRUCTION []s (P) Ltd in India to jointly bid the for water supply and flourosis mitigation project called the Tamilnadu Water Supply and Drainage Board in India.
In a filing to Bursa Malaysia, Puncak Niaga said together with P&C Constructions, it would form a joint venture (JV) called PNHB-P&C Joint Venture to bid for Packages III and V of the Hogenakkal project for the Dharmapuri and Krishnagiri districts.
Puncak Niaga will lead the JV with a 60% stake while P&C Constructions will have 40%.
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