Eversendai bags RM288m worth of jobs

KUALA LUMPUR (Sept 10): Eversendai Corp Bhd has bagged contracts worth RM288 million in Dubai, Saudi Arabia, India, Singapore and in the Netherlands despite challenges and uncertainties in the global economic situation.

The latest contract wins bring its total outstanding order book to RM2.39 billion.

In a statement today, Eversendai attributes its seven new contract wins to its business model of not depending on a single client or country.

In India, the group has secured three new jobs, which are structural steel works for three commercial building towers in Hyderabad, an airport main terminal building and an ITC boiler structure in Chennai.

"The group continues to strengthen its position in the Middle East by undertaking structural steel works for the Saudi Pavilion designed for the Dubai Expo 2020 in Dubai and a suspension bridge project in King Abdullah Financial District, Saudi Arabia," it added.

Eversendai said another project is the engineering and fabrication of a jacket and piles contract in the Netherlands.

The new wins also include a data centre project in Singapore.

"These contract awards further establish Eversendai as an industry leader in undertaking complex turnkey structural steel works for high rise buildings, composite structures, long span structures, bridges and industrial plants across the globe," its executive chairman and group managing director Tan Sri A K Nathan said.

"It is a testament to the unique offering that Eversendai brings to the market. It resonates strongly with both our clients and staff, focusing on discipline, operational excellence and continuity," he added.

At 15.03pm, Eversendai shares were up 3 sen or 7.59% at 42.5 sen, with 993,100 shares done, giving it a market capitalisation of RM331.93 million.

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