Binastra wins RM370mil construction contract

KUALA LUMPUR: Binastra Corp Bhd’s wholly-owned subsidiary, Binastra Builders Sdn Bhd has secured a RM369.95mil construction contract from Exsim Jalil Link Sdn Bhd.

In a filing with Bursa Malaysia, Binastra said the contract is for construction and completion of the proposed development of three blocks of suites apartments (residential) (1558 units) at Bukit Jalil, Kuala Lumpur.

The contract shall complete within 41 months from the date of commencement which will be notified in due course by architect’s instruction.

Binastra said the contract is expected to contribute positively to the earnings and net assets per share of the group for the financial years ending Jan 31, 2025 to 2028.