TCS wins RM119mil construction contract

KUALA LUMPUR: TCS Group Holdings Bhd’s wholly-owned subsidiary, TCS Construction Sdn Bhd (TCSCSB), has secured a RM119.61mil contract from Eupe PJ South Development Sdn Bhd, a wholly-owned subsidiary of Eupe Corp Bhd.

In a statement, the building and infrastructure construction services provider said the contract was for the construction and completion of main building works for a serviced condominium project in Petaling Jaya, Selangor known as Helix2.

The contract comprises of one block of 34-storey serviced apartments with one block of 12-storey attached car park building.

The duration of the contract is 24 months, commencing from February 2023 with expected completion by February 2025.

“The contract will boost our outstanding order book and give us healthy earnings visibility for the coming financial years. As we move forward, our priority is focused on quality execution and timely delivery of our ongoing projects,” managing director Datuk Ir Tee Chai Seng said.

“We remain positive on the prospects of the construction industry in light of the Government’s initiatives in rolling out infrastructure projects. Overall, we see the opportunities and are bidding for projects in residential and commercial buildings, infrastructure projects, as well as institutional buildings,” he added.

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

TCS , construction , Helix2 , Eupe , Tee Chai Seng


Next In Business News

Ringgit ends lower as US non-farm payrolls shocks Asian foreign exchange
Willowglen secures RM11.92mil contract in Singapore
RHB revise upwards 2022 GDP growth forecast to 8.5%
Aemulus posts net loss of RM4.8mil in 1Q
KLCI tumbles 14.09 points, 730 stocks in the red
AirAsia to lease 15 new planes to meet demand driven by China's reopening
BP profit soars to record US$28bil, dividend increased
Bed Bath & Beyond's road to potential bankruptcy
Manufacturing sales up 8.6% to RM156.3bil in Dec 2022
Malaysia's service producer price index up 3.3% in 4Q22

Others Also Read