Econpile climbs to near three-year high as analysts expect more contract wins
On Thursday, Econpile announced that it had been awarded earthworks contract worth RM83 million from BRDB Developments Sdn Bhd.
On Thursday, Econpile announced that it had been awarded earthworks contract worth RM83 million from BRDB Developments Sdn Bhd.
The sub-contract works are for the proposed development of 146 units of villa residences, including common facilities and club house in Taman Duta, Bukit Tunku, Kuala Lumpur.
On Wednesday, the steel structure fabrication company announced that it has secured four new contracts in Saudi Arabia, the United Arab Emirates and India.
Eversendai executive chairman and group managing director Tan Sri AK Nathan: Despite going through a very challenging period in the last few years, exasperated by Covid-19 and its related impacts, Eversendai is optimistic that the group will be able to strongly rebound as a result of the record high order book, which will translate in optimum utilisation of all the group's fabrication facilities.
It said both parties have mutually agreed to terminate the contract, resulting in an unconditional release and indefinite discharge of all claims, liens, and obligations related to the project works.
Its wholly owned unit Eversendai Engineering Sdn Bhd (EESB) received the winding-up petition letter from IRB on Feb 21, claiming a total of RM1.
The Ministry of Works also aims to add 79 more shaded areas for motorcyclists on the highway this year.
"We need to make sure they meet three conditions, namely how much work they have in hand, their experience, and their financial strength.
KUALA LUMPUR (March 11): Silver Ridge Holdings Bhd won a RM1.
The construction will consist of 1,604 units of serviced apartments in two 60-storey blocks, which also comprise a level of basement car park, 8 levels of elevated car parks, two levels of mezzanine as well as recreation facilities.