Wednesday, October 12, 2011

KNM active, up on US$200m job in Sri Lanka

KUALA LUMPUR: KNM GROUP BHD [] shares were actively traded on Wednesday, Oct 12 after it landed a conditional US$200 million (RM638 million) contract to build a waste to energy plant in Sri Lanka from OCTAGON CONSOLIDATED BHD []'s subsidiary Orizon Renewable Energy (Private) Ltd.

At 9.05am, KNM was up six sen to RM1.28 with 1.76 million shares done.

KNM Process Systems Sdn Bhd was awarded the contract to build the plant which would have the capacity to process up to 1,000 tons per day of municipal solid waste to generate a minimum of 40 MW of gross electrical energy in Colombo.

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