Bina Puri bids for RM500mil contracts abroad

Bina Puri Holdings Bhd is bidding for more than RM500mil worth of contracts overseas, executive chairman Datuk Mohamed Feisal Ibrahim said. 

“We have submitted bids for construction projects in Thailand, Vietnam, India, Sri Lanka and Papua New Guinea,” he said after the company's AGM in Kuala Lumpur yesterday. 

In 2002, Bina Puri completed a highway project worth RM200mil in Andhra Pradesh, India. 

Its has two on-going projects in the Indian continent - one in Andhra Pradesh and one in Rajasthan - with a combined value of RM254mil. 

“While we are actively looking at projects overseas, we are only eyeing construction projects where our capital outlay is minimum,” he said, adding that this meant the group was not interested in privatisation projects. 

“On the home front, we are actively bidding for construction contracts as well,” Feisal said. 

Some of Bina Puri’s on-going projects locally are the new Education Ministry building in Putrajaya, the new Kupang-Grik road and a road construction in Nilai. 

Feisal said Bina Puri's order book was “a healthy RM1.5bil''. 

He said with the active bidding for new projects locally and overseas and the group's commitment as a quality builder, he expected Bina Puri's performance to improve further. 

The group reported a pre-tax profit of RM11.5mil for the financial year ended December 2002, higher than RM9.2mil a year ago. Revenue, however, dipped slightly to RM458.5mil from RM458.7mil earlier. 

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