Eversendai secures second job win from DLF in Chennai

  • Corporate News
  • Monday, 17 Feb 2020

Eversendai Corporation Bhd founder Tan Sri AK Nathan has proposed to inject his own company Vahana Holdings Sdn Bhd's lifeboat business into the former, which is involved in oil and gas and construction.

KUALA LUMPUR: Eversendai Corp Bhd's subsidiary in India was recently awarded the DLF Downtown IT Park Project in Tharamani, Chennai.

The group said the project, which was awarded by DLF Info Park Developers (Chennai) Ltd, comprises two commercial building towers constructed using composite structures in fast track mode, set to be completed in a record 16 months.

The development represents the second job awarded by DLF to Eversendai, with the first being a 1.6 million sq ft commercial building project in Chennai, which is in the final stage of completion.

According to Eversendai, the DLF Downtown IT Park project will set a new benchmark in the Indian construction industry.

"This is a highly anticipated project in India and reaffirms our continued success in winning landmark projects based on our enviable reputation and fulfilling our commitments.

"It is also a breakthrough for Eversendai in India as it gives us the opportunity to strategically position ourselves for future contracts with DLF Ltd, India’s largest real estate developer," said Eversendai executive chairman and group managing director Tan Sri AK Nathan.

Eversendai's operations in India contribute to 14% of the group's revenue.

The group has secured RM330mil in new jobs in the country, with the new wins bringing Eversendai's total contract wins to RM653mil year to date, and its order book to about RM2.2bil.

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