KUALA LUMPUR: TRC Synergy Bhd, via its wholly-owned subsidiary Trans Resources Corporation Sdn Bhd, clinched its largest contract year-to-date worth RM498.7 million from Petronas majority owned Putrajaya Holdings Sdn Bhd, the master developer of Putrajaya.
A filing with Bursa Malaysia shows that this project involves the construction and completion of an integrated development project at Precinct 8 of Putrajaya, with a contract duration of 57 months.
With the addition of this new contract, TRC Synergy’s order book will effectively surge to RM3.0 billion.
TRC Synergy managing director Tan Sri Sufri Mohd Zin said the group continues to deliver a resilient performance and a sustainable growth despite the challenging business environment in the domestic construction sector. Moving forward, the group will remain focused in executing the best strategies to meet the ever-evolving needs of its existing and prospective clients, and the challenges in the industry.
“Having clinched new contracts in 2018 with a collective RM716 million, we now have a strong order book of RM3.0 billion as well as a clear revenue and earnings visibility stretching into 2021. We are confident that TRC Synergy’s contract winning momentum will continue, riding on our existing tenders book as well as new biddings to be participated by the group going forward,” he added.
