Econpile wins RM24.6mil contract from Berjaya Construction


PETALING JAYA: Econpile Holdings Bhd has secured a contract worth RM24.6mil from Berjaya Construction Bhd to undertake the execution and completion of sub-structure work in Kuala Lumpur.

In a filing with Bursa Malaysia yesterday, the infrastructure and property development firm said its wholly-owned subsidiary, Econpile (M) Sdn Bhd, had received a letter of appointment dated Sept 29 for the job.

Econpile said the project would entail piling, pile cap, contiguous bored piling, basements, ground floor and associated works for a proposed block of 41-storey service suites at Jalan Imbi, Kuala Lumpur.

“The project shall be completed within 13 months from Oct 6, 2022.

“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2023 onwards,” it said.

Econpile said there are no foreseeable significant risks other than operational risk associated with the project during the contract period.

“The management would put in place control measures and operational procedures to reduce the impact or likelihood of such events.”

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In Business News

World stocks push pause ahead of U.S. payrolls
Ringgit strengthens further to 4.38 against US dollar, highest since June
Bursa Malaysia extends after-hours trading session for selected derivatives contracts to 2.30 am
UEM Sunrise disposes 17 parcels of land for RM75.5mil
Reservoir Link wins five solar contracts worth RM12.05mil
FBM KLCI finishes lower despite positive market breadth
CIMB introduces enhanced security measures
Gold slips; set for best week in three on smaller Fed rate-hike bets
Harn Len shareholders approve bonus shares
Asian shares fall ahead of U.S. payrolls data, dollar nurses losses

Others Also Read