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KUALA LUMPUR: Integrated structural steel turnkey contractor Eversendai Corp Bhd has secured RM371 million worth of projects in India, Qatar and Oman through its various subsidiaries.
It said in a filing with Bursa Malaysia on Thursday, Sept 22 that Eversendai Construction Pte Ltd (ECPL) was appointed a subcontractor for Samsung C&T Pte Ltd for the shell and core works related to the Worli Mixed Use development in Mumbai, India.
The 536,000 sq m development consists of hotel, residential and office units with 52-storey and 83-storey towers respectively and linked by a common podium.
ECPL's scope of work includes reinforced concrete works related to raft, sub-structure and superstructure with a contract value of 4.2 billion rupees (RM271.2 million).
In Qatar, Eversendai Engineering Qatar WLL (EV Qatar) was appointed subcontractor for Consolidated Contractor Group SAL (Offshore)/Teyseer Contracting Co WLL for the structural steel works at the Qatar Faculty of Islamic Studies project in Doha.
Qatar Faculty of Islamic Studies will be an international centre for Islamic thinking and dialogue established by the Qatar Foundation as part of the Education City which covers 14 million sq m.
EV Qatar's scope of works includes design, engineering, procurement, fabrication and erection for the overall structural steel works with a contract value of 46.5 million Qatar rial (RM40.3 million).
Eversendai Engineering LLC (EV Dubai) was appointed subcontractor for Larsen & Toubro Ltd for the structural steel works at the Salahah Airport expansion project in Oman.
Salahah Airport is Oman's second gateway and after expansion it will be able to handle up to one million passengers a year.
EV Dubai's scope of works includes design, engineering, procurement, fabrication and erection for the overall structural steel works for 7.3 million dirham (RM6.3 million).
"As we move into the second half of our financial year, we remain optimistic about the prospects in the construction industry outlook in the markets that we currently operate in," said Eversendai executive chairman and group managing director Datuk A K Nathan in a statement.
The statement added that the contracts are expected to contribute positively to the earnings of the group for FY12 ending Dec 31.
Maybank Investment Bank Bhd said in a research report that Eversendai's order book stood at RM1.4 billion as at June and it estimated that the group would win RM1.2 billion worth of jobs this year and RM1.3 billion next year.
At the launch of the IPO prospectus in June, Nathan said the group is in serious negotiations for jobs related to infrastructure, power plants and high-rise buildings and should have no trouble securing an additional RM1 billion to RM1.5 billion in new projects this year.
The stock ended on Thursday at RM1.58, down 7% from its IPO offer price of RM1.70.
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