TSR Capital bags RM104mil contract for Kwasa Damansara project

KUALA LUMPUR: TSR Capital Bhd's wholly-owned subsidiary TSR Bina Sdn Bhd has accepted a letter of award valued at RM104mil from Kwasa Land Sdn Bhd for the proposed construction of common infrastructure works at the Kwasa Damansara township development in Sungai Buloh, Selangor.

In a filing with Bursa Malaysia, the group said the scope of works mainly involves the execution and completion of site clearance and demolition works, earthworks, drainage works, road works, sewerage works, water reticulation works, and mechanical and electrical infrastructure works.

The contract is for a duration of 30 months and is expected to be completed by April 2026.

"Barring any unforeseen circumstances, the Board of Directors of TSR is of the opinion that the Contract will contribute positively to the earnings of the Group for the financial years ending June 2024 through June 2026," it said.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

BP activist investor sees signs of oil-strategy shift
New investing app makes its local debut
MISC 4Q profit dips on lower offshore contribution
P.A. Resources records highest ever quarterly gain
Beginning of a major bull market highly likely
TNB sees the light in 2024
Heineken expects improved sentiment
Lapasar raises RM31mil from blue-chip investors
Nur-ul Afida appointed as Bernama’s new CEO
RHB Bank posts commendable FY23

Others Also Read