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Uzma Unit Bags Petronas Carigali Deal for Water Injection Module Services; Shares Rise 3%

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-- Uzma (KLSE:UZMA) unit Uzma Engineering secured a letter of award from Petronas Carigali to provide leasing, operations and maintenance of a Portable Water Injection Module for the Bayan Redevelopment Phase 3 project, according to a Monday Malaysian bourse filing.

Shares gained over 3% in Tuesday's midday trade.

The deal has a term of eight years, and covers the design, engineering, procurement, construction and transportation of one Portable Water Injection Module, followed by its installation, commissioning, operation and maintenance services.

The agreement is expected to contribute positively to Uzma's earnings, it said.

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