IJM wins RM415mil highway job in India


  • Business
  • Wednesday, 28 Sep 2005

IJM Corp Bhd has signed a concession agreement with the National Highway Authority of India to construct the four-lane Mahua-Jaipur section of National Highway-11, chief executive officer Krishnan Tan told AFX-Asia

“We signed the agreement last Friday,” he said, adding that the contract was worth RM414.7mil and based on a build-operate-transfer basis. 

He said work on the 108km-long section project had started and was expected to be completed within 36 months. 

IJM has reportedly been given a grant of RM56.9mil for a 25-year concession period including the construction period of three years. 

Tan said IJM would continue to bid actively for more projects in India and “hopes to clinch more contracts” there. 

He had earlier indicated that out of IJM's RM3.2bil order book, RM1.3bil was related to its India projects. 

Tan expects about 40% to 50% of the company's order book to come from overseas markets in the next few years. – AFX-Asia 

 IJM :  [Stock Watch]  [News]

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
   

Did you find this article insightful?

Yes
No

Next In Business News

Pavilion REIT posts lower net profit in FY20
See Hup bags RM99mil ECRL job
Pasukhas wins contract to build Fintec glove factory near Ipoh�
EPF to resume counter services at KL branch on Friday
Malaysia Airlines upgrades Enrich programme
Tax incentives lift F&N net profit in Q1�
KLCI snaps losing streak, semicon, tech stocks close higher
Principal Asset Management’s AUM rises 5.1% to RM92.6b at end-2020
Petronas named most valuable Asean brand for 2021
Public Islamic Bank, KPower in financing scheme for solar power

Stories You'll Enjoy


-->