Latest news with #RM42.82mil
The Star
5 days ago
- Business
- The Star
Econpile wins RM43mil LRT contract
PETALING JAYA: Econpile Holdings Bhd has accepted a letter of award from Irama Duta Sdn Bhd to undertake construction work for the Projek Rapid Transit Aliran Ringan (LRT) Pulau Pinang–Laluan Mutiara (Package CMC1), worth RM42.82mil. In a filing with Bursa Malaysia, the construction engineering firm said the contract falls under Sub-Package BP06 and will involve bored piling construction and other associated works from East Jelutong to Gelugor. 'The commencement date for the project is Aug 1, 2025 and the practical completion date is Oct 31, 2027. 'The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2026 onwards.' Econpile said there are no foreseeable significant risks other than operational risk associated with the project during the contract period.
The Star
5 days ago
- Business
- The Star
Econpile unit accepts RM42.82mil job for Penang LRT project
KUALA LUMPUR: Econpile Holdings Bhd said its subsidiary Econpile (M) Sdn Bhd has accepted a contract from Irama Duta Sdn Bhd to undertake bored piling construction and other associated works from East Jelutong to Gelugor for a light rail transit (LRT) project for RM42.82mil. In a statement, the group said the project comes under Sub-Package BP06 for Projek Rapid Transit Aliran Ringan (LRT) Pulau Pinang – Laluan Mutiara (MTL) – Package CMC1. The project commences on Aug 1, 2025, and has a practical completion date of Oct 31, 2027. The project is expected to contribute positively to the revenue and earnings of the Company from the financial year ending June 30, 2026, onward.
