KUALA LUMPUR (Feb 28): Ireka Corp Bhd has been awarded a fixed price lump sum design-and-build contract worth RM60.8 million from Malaysia Packaging Industry Bhd (MPI).
Under the contract, Ireka Corp would undertake the construction of industrial facilities for production, warehousing and storage of goods, with office facilities and car park space, at an industrial factory lot in Kajang, Selangor.
Its wholly-owned subsidiary, Ireka Engineering & Construction Sdn Bhd, inked the contract agreement with MPI on Feb 24.
According to its filing with Bursa Malaysia, the contract period is about 11 months, starting from Feb 24. Completion is expected on Jan 15, 2018.
The contract is anticipated to contribute positively to Ireka Corp’s earnings for the financial year ending March 31, 2018.
This article first appeared in The Edge Financial Daily, on Feb 28, 2017.
For more stories, download TheEdgeProperty.com pullout here for free.
TOP PICKS BY EDGEPROP
Pangsapuri Baiduri, Bandar Tasik Kesuma
Beranang, Selangor
Taman Nusari Bayu 1, Bandar Sri Sendayan
Seremban, Negeri Sembilan
M Adora @ Wangsa Melawati
Wangsa Maju, Kuala Lumpur
M Adora @ Wangsa Melawati
Wangsa Maju, Kuala Lumpur
Sunway Rydgeway Puncak Melawati
Taman Melawati, Selangor
The Ridge, KL East
Taman Melawati, Kuala Lumpur