Minetech Resources Berhad's (Minetech) wholly-owned subsidiary, Minetech Construction Sdn Bhd ("MCSB"), has received a Letter of Award from VED Engineers Sdn Bhd (VED Engineers) to undertake the construction and completion of road and drainage works for Banting Industrial City (Part of Phase 2D). The contract is d at

The award carried a contract value of RM4.05 million which highlights Minetech's expanding footprint in civil engineering and infrastructure projects.

The project located in Kuala Langat, Selangor involves critical infrastructure development which is pivotal for the industrial city's growth, the company said in a statement today.

The contract commenced on 28 June 2024 and is slated for completion within three months.

Minetech Executive Chairman Abang Abdillah Izzarim (pic) said, "The award of this project to Minetech adds to the support in infrastructure development. The Banting Industrial City contract is not just a testament to our robust expertise in civil engineering, but also a strategic enhancement to our competitive edge in the industry. We're committed to delivering this project with the highest standards of quality and efficiency, ensuring substantial value creation for our stakeholders and further solidifying our position in the industry."

As at 5:00pm today, Minetech's share price of closed at RM0.145, reflecting a market capitalisation of RM258.8 million.