a day ago
- Business
- Malaysian Reserve
Econpile secures RM58m construction and supply contracts for Oasis Ara project
ECONPILE Holdings Bhd has clinched two contracts worth a combined RM57.95 million for construction and material supply works related to the Oasis Ara development in Ara Damansara, Selangor.
In a filing with Bursa Malaysia, the company said its wholly owned subsidiary, Econpile (M) Sdn Bhd, received letters of award on July 2 from LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd.
The first contract, valued at RM27.99 million, was awarded by LFE Engineering for construction services involving alteration, underpinning, and strengthening works.
The second, worth RM29.96 million, was awarded by LFE Innovative for the supply and delivery of materials for the same project.
The contracts are scheduled to run for 21 months from June 30, 2025.
Econpile said the awards are expected to contribute positively to its revenue and earnings from the financial year ending June 30, 2026 onwards. — TMR
