KUALA LUMPUR (Oct 30): Reneuco Bhd will be undertaking civil construction and telecommunication works along the South Klang Valley Expressway (SKVE) and two roads in Kuala Langat and Sepang for a sum of RM14.93 million.

Reneuco’s unit Reneuco Engineering Sdn Bhd secured the letter of award for the project from MSA Resources Sdn Bhd.

The works involve installation of fibre optic cables and provision of broadband network services along the highway. The company will also conduct telecommunication cable installation works on Jabatan Kerja Raya Malaysia (JKR) roads in Kuala Langat and Sepang.

The works shall be conducted across two months from Nov 1 to Dec 31, 2023, it said in its bourse filing.

This is the second firm project announced by Reneuco this year.

Back in May, it secured a RM22.88 million contract from ZBS Optima Trading Sdn Bhd as a subcontractor for the Sg Rasau Water Supply Scheme Phase 1 in Selangor, namely to undertake the commissioning of mild steel pumping main and associated works.

Shares of Reneuco rose one sen or 5.71% to trade at 18.5 sen at noon market break, giving it a market capitalisation of RM111.82 million. The counter has retreated by 49% this year.