Econpile unit bags RM68.8m job in Putrajaya


Econpile (M) Sdn Bhd (EMSB) — a wholly owned unit of Econpile Holdings Bhd — has bagged a RM68.8 million contract from Niaz Enterprises (M) Sdn Bhd to undertake piling, pilecap and basement works for a proposed integrated development in Precinct 8, Putrajaya.

In a filing to Bursa Malaysia last Friday, Econpile said the proposed integrated development comprised residential towers, podium block, retail space, serviced apartments, common facilities, a high street, a facilities block for serviced apartments, facility floor, show gallery, event hall, promenade, basement and elevated parking.

The overall duration of the contract is approximately 18 months.

It is the main stream business of EMSB and expected to contribute positively to the revenue and earnings of the group for the financial year ending June 30, 2019.