Econpile bags RM44mil deal

  • Construction
  • Saturday, 19 Oct 2019

KUALA LUMPUR: Piling and foundation specialist, Econpile Holdings Bhd, has bagged a RM44mil contract to undertake demolition, earthworks, piling and substructure works for the Tropicana Gardens mixed development in Kota Damansara.

Executive director and group chief executive officer Raymond Pang said with the latest additional project, the company now had an order book of about RM850mil, which would provide earnings visibility over the next two years.

“With this win, Econpile has secured RM72.7mil worth of contracts in the financial year-to-date,” he said in a statement yesterday.

He added that the overall duration of the contract is estimated to be 16 months, and is expected to contribute positively to the group in the financial years ending June 30, 2020 (FY2020) until FY2021. — Bernama
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