Ranhill up in early trade

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Ranhill up in early trade

Business & Market 2010

Written by Surin Murugiah

Friday, 30 July 2010 09:35

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KUALA LUMPUR: Ranhill Bhd's share price rose in early trade on Friday, July after the company and its partner STS Educational Group Ltd were pre-qualified by the Bangladesh Power Development Board to undertake a power plant project.

At 9.30am, Ranhill was up 4.5 sen to 81 sen with 2.62 shares done.

They were prequalified to bid for the development of a 150MW to 225 MW combined power plant project at Bhola, Bangladesh, Ranhill said in a filing to Bursa Malaysia on July 29.

"The total project cost is estimated at US$200 million (RM638 million). The closing date for the bid is by the last quarter of 2010," it said.

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Last Updated on Friday, 30 July 2010 18:10

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