PETALING JAYA: Econpile Holdings Bhd
has received a letter of award from Gamuda Geo Sdn Bhd to undertake bored piling construction and other associated works from Komtar to East Jelutong, Penang, worth RM53.99mil.
In a filing with Bursa Malaysia, the company said the award is for a project known as “Projek Rapid Transit Aliran RinganPulau Pinang – Laluan Mutiara – Package CMC1.”
“The commencement date for the project is Oct 1, 2025 and the practical completion date is April 30, 2027.
“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2026 onwards.”
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 mitigate the impact or reduce the likelihood of such risks.
“None of the directors or major shareholders of the company or persons connected to them have any interest, whether direct or indirect, in the project,” it said.
