Ikhmas Jaya accepts RM405mil job

  • Business
  • Wednesday, 12 Jun 2019

The group

PETALING JAYA: Ikhmas Jaya Group Bhd’s unit has accepted a RM405mil contract for works pertaining to the construction of the light rail transit line 3 from Bandar Utama to Johan Setia in Klang from Pembinaan Jaya Zira Sdn Bhd.

The group’s wholly owned subsidiary, Ikhmas Jaya Sdn Bhd, secured the 26-month contract for Package GS09 of the project, which includes the construction of the guideway, stations, park and ride, ancillary buildings and other associated works.

Including this contract, Ikhmas Jaya’s year-to-date job wins come to about RM875mil.

“The sub-contract is expected to contribute positively to Ikhmas’ earnings and net assets for the financial year ending Dec 31, 2019 (FY19) to FY21,” the company said in a filing with the stock exchange.

This latest job win comes off the back of an announcement yesterday that the group had secured two sub-contract jobs for the Setiawangsa-Pantai Expressway – Duke Phase 3 worth a total of RM75.3mil from Knusford Construction Sdn Bhd.

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

Ikhmas Jaya , job , contract , Bandar Utama , Klang ,


Did you find this article insightful?


Next In Business News

Malaysia Aviation Group moves forward in its restructuring exercise
Axis REIT posts lower FY20 net profit
MDEC appoints Nora Junita as new CFO
Unisem fixes price for last tranche of new shares at near record high
Petronas Dagangan drags KLCI into the red
Plenitude deal to buy Osaka hotel falls through�
Maxis recognised for eCommerce and retail solutions
Widad Business Group plans RM40b Langkawi project
MAHB gears up for pre-Covid recovery by 2023
MDEC appoints Nora Junita Mohd Hussaini as new CFO

Stories You'll Enjoy