Fajarbaru group executive chairman Tan Sri Chan Kong Choy
PETALING JAYA: Fajarbaru Builder Group Bhd
’s subsidiary, FBG Builder Sdn Bhd, has won a RM63.7mil infrastructure contract for Setia Alaman Industrial Park in Klang, Selangor.
The contract was awarded by Petaling Garden Sdn Bhd, an indirect wholly-owned subsidiary of SP Setia Bhd.
The project involves the construction and completion of the road, drainage and reinforced concrete slab crossings for PETRONAS Gas pipeline.
It is targeted to be completed within nine months, commencing on April 11, 2025 and shall be completed on Jan 10, 2026.
With the award of this contract, Fajarbaru’s order book now stands at RM1.14bil, providing the group with earnings visibility through to 2027.
The group told the stock exchange that the contract is expected to contribute positively to its earnings for the financial years ending June 30, 2025 and June 30, 2026.
In a statement, Fajarbaru group executive chairman Tan Sri Chan Kong Choy said the group believes it is "amid exciting times".
"Our focus remains firmly on the future as we leverage on our established expertise to embrace new challenges, forge new strategic partnerships and drive continuous innovation in the coming years ahead,” he said.
