Daily update

Malaysia Airports Holdings Bhd (MAHB)intends to dispose of its entire 10% stake in Delhi International Airport Pte Ltd (DIAL), the operator of India’s Indira Gandhi International Airport (Delhi Airport), for US$79mn (RM292.6mn). MAHB was selling the stake because India’s law limits foreign ownership of domestic companies to 49%, which means it would not be able to gain a controlling stake in the company.(Financial Daily)

Fajarbaru Builder Group Bhd has clinched a RM108.97mn contract from Prasarana Malaysia Bhd to complete three stations and two traction power sub-stations (TPSS) for the Kelana Jaya light rail transit (LRT) line extension project. Fajarbaru Builder Sdn Bhd (FBSB) had received an agreement dated March 12 March from Trans Resources Corp Sdn Bhd to mutually terminate the nominated sub-contract for the same project. (StarBiz)

SapuraKencana Petroleum Bhd has secured 14 opportunities worldwide adding approximately RM5.1bn to the groups order book for its financial year ended Jan 31, 2015
(FY15). The group expanded operations in West Africa and completed two contracts in Myanmar. (StarBiz)

Sime Darby Bhd’s unit will compulsorily acquire all the remaining New Britain Palm Oil Ltd (NBPOL) shares where it has not received the acceptances. Sime Darby Plantation Sdn Bhd had decided to exercise its right under the Papua New Guinea Takeovers Code 1998. After the completion of the compulsory acquisition, NBPOL will become a unit of Sime Darby. (StarBiz)

EITA Resources Bhd is keen on bidding for the next work package to supply elevators and escalators for the Klang Valley Mass Rapid Transit (MRT) Project. EITA Resources has clinched two MRT contracts to supply elevators and escalators worth RM95mn in total.(Financial Daily)