KUALA LUMPUR (Feb 24): Construction outfit Nestcon Bhd (KL: NESTCON ) has bagged a RM58 million contract from ST Dynamo DC Sdn Bhd (STDC) to undertake infrastructure works in Pulai, Johor Bahru. KUALA LUMPUR (Feb 24): Construction outfit Nestcon Bhd (KL: NESTCON ) has bagged a RM58 million contract from ST Dynamo DC Sdn Bhd (STDC) to undertake infrastructure works in Pulai, Johor Bahru. In a filing with Bursa Malaysia on Monday, Nestcon said its wholly-owned subsidiary Nestcon Infra Sdn Bhd (NISB) has accepted a letter of award (LOA) from STDC for the proposed project. The project is expected to commence on February 24, with completion on September 25. Branded ASIA'S PERSPECTIVE ON THE FUTURE: Powering economic prosperity through equitable transition Asia plays a central role in the global efforts to achieve net zero and the speed and trajectory of the global energy transition are now more urgent than ever. Continue Reading "The acceptance of the LOA by NISB to undertake the project is expected to contribute positively to the group's net assets per share, earnings per share and gearing throughout the duration of the project," said Nestcon. Nestcon shares closed 0.5 sen or 1.25% higher at 40.5 sen on Monday, giving it a market capitalisation of RM289.5 million. The stock has fallen 3.57% so far this year. Edited By Kang Siew Li.