Econpile secures RM37.35mil substructure works contract

KUALA LUMPUR: Econpile Holdings Bhd has secured a contract worth RM37.35mil to undertake substructure works for a project in Pantai Dalam, KL.

The piling and foundation specialist said its wholly-owned subsidiary, Econpile (M) Sdn. Bhd received a letter of award dated April 22, 2022 from Domain Resources Sdn Bhd to undertake the substructure works for a proposed phased development comprising Phase 1 affordable homes (PT7) - single block of residential units and Phase 2 (PT8) - three blocks of residential units at Jalan Pantai Dalam, KL.

The project shall be completed within 15 months from May 5, 2022.

“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2022 onwards,” Econpile said in a Bursa filing.