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.”