09-07-2025
Econpile wins RM27mil construction job
PETALING JAYA: Econpile Holdings Bhd has received a letter of award from Bayu Melati Sdn Bhd to undertake piling and pile cap works for two 37-storey serviced apartment blocks (1,155 units) in Petaling Jaya, Selangor, worth RM27mil.
In a filing with Bursa Malaysia, the construction company said the project shall be completed within 12 months from July 14, 2025.
'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 management would put in place control measures and operational procedures to reduce the impact or likelihood of such events.'
Last week, the company announced it had bagged two separate contracts from LFE Engineering Sdn Bhd and LFE Innovative Sdn Bhd for a combined sum of RM57.95mil.
