Marine and industrial engineering products distributor Pansar Bhd has secured a RM234.89 million contract from the Sarawak Rural Water Supply Department (JBALB) for the development of a water treatment plant project in Saratok, Betong, Sarawak.
In a filing with Bursa Malaysia on Wednesday, the group said the Letter of Acceptance was awarded to its wholly-owned subsidiary, Perbena Emas Sdn Bhd.
The project involves the construction of a 30 million litres per day (MLD) water treatment plant at the existing Kaki Wong plant site, as well as the development of a new raw water intake facility and two booster pump stations to support water supply infrastructure in the area.
Pansar said the project is scheduled to commence in June 2026 and is expected to be completed within 30 months from the start date.
The group added that the contract is expected to contribute positively to its future earnings and strengthen its order book in the infrastructure and utilities segment.
On Wednesday, Pansar shares closed unchanged at 49.5 sen, giving the company a market capitalisation of approximately RM346 million.
