KUALA LUMPUR (April 18): Pansar Bhd has secured a contract worth RM269.1 million to upgrade the capacity of a water treatment plant in Sibu, Sarawak.

The construction and infrastructure outfit secured the job from Lembaga Air Sibu via an open tender, through its wholly owned Perbena Emas Sdn Bhd.

In a bourse filing, Pansar said the 30-month job from May this year requires it to upgrade the capacity of the Salim Water Treatment Plant from its current 150 million litres per day (MLD) to 300 MLD.

Pansar shares dipped half a sen or 0.87% to close at 57 sen on Thursday, giving the group a market capitalisation of RM280.87 million.