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- The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.
KUALA LUMPUR (July 11): Econpile Holdings Bhd (KL:ECONBHD) has secured a RM98.2 million contract to undertake bored piling works for a proposed industrial development in Kapar, Klang.
The contract was awarded by Eastmont Sdn Bhd to Econpile’s wholly-owned subsidiary, Econpile (M) Sdn Bhd. The scope of work includes bored piling for Blocks C and D, basement construction for Block C, and pile cap works for Block D, according to the group’s filing with Bursa Malaysia.
The project is scheduled to be completed within 13 months, starting from July 30, and is expected to contribute positively to Econpile’s revenue and earnings from the financial year ending June 30, 2026 onwards.
This marks Econpile’s second contract win this week, after it bagged a RM27 million job for piling and pile cap works at a serviced apartment project in Kelana Jaya, Petaling Jaya.
As at end-March, the group’s order book stood at RM404 million.
Econpile’s shares closed half a sen or 1.3% lower at 38 sen on Friday, valuing the group at RM538.65 million. The stock has declined more than 19% year to date.
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