Econpile wins LRT3 contract worth RM208.7m

PETALING JAYA: Econpile Holdings Bhd’s wholly owned subsidiary Econpile (M) Sdn Bhd (EMSB) has bagged a Light Rail Transit Line 3 (LRT3) construction contract worth RM208.7 million.
In a filing with Bursa Malaysia today, the group said Gabungan Strategik Sdn Bhd awarded the contract to its unit to undertake bored piling and general infrastructure works of guideway, stations park and ride, ancillary buildings and other associated works from Bandar Utama to Johan Setia. The duration of the contract is about 34 months.
Econpile said the contract is the main stream business of EMSB and is expected to contribute positively to the revenue and earnings of the group for the financial year ending June 30, 2018.
Econpile closed 0.33% lower at RM3.02 today with 2.09 million shares traded.