Monday, February 17, 2020

Eversendai wins RM330 mil contract in India

By Sharen Kaur

  Eversendai Corp Bhd has secured the DLF Downtown IT Park project in Chennai, India worth RM330 million through its subsidiary company.

  It was awarded the project in Tharamani by DLF Info Park Developers (Chennai) Ltd, India’s largest real estate developer.

  This brings its total contract wins to RM653 million to-date for the year 2020, increasing its order book to about RM2.2 billion.

  Eversendai executive chairman and group managing director Tan Sri AK Nathan said securing this prestigious contract is a major achievement for the group and would further accelerate its growth momentum.

  The DLF Downtown IT Park project consists of two towers of commercial building.

Tan Sri AK Nathan
  "The buildings will be constructed using composite structures in fast track mode and is expected to complete in a record time of 16 months. This will set a new benchmark in the Indian construction industry," said Nathan.




  Nathan said in a statement that winning this contract would improve the chance to secure additional phases of future development in the same project site.

  This is also the second job awarded by DLF to Eversendai. The first is to develop a 1.6 million sq ft commercial building project in Chennai which is nearing completion.

  "This award is a recognition of Eversendai’s impressive construction and engineering credentials. This is a highly anticipated project in India and reaffirms our continued success in winning landmark projects based on our enviable reputation and fulfilling our commitments. It is also a breakthrough for Eversendai in India as it gives us the opportunity to strategically position ourselves for future contracts with DLF," said Nathan.




  Eversendai’s operations in India contributes 14 per cent of the group’s revenue.

  “We are very confident of achieving more project wins and profit returns going forward. Eversendai’s never give up attitude along with persistence and dedication is eventually paying off as many new exciting opportunities are in the pipeline,” said Nathan.

  Eversendai has delivered projects to the highest quality standards with leading developers and clients for the last 10 years in India.

  The company has taken a pivotal position in spearheading the Indian construction industry for the future by introducing innovative modern construction methodologies like composite structures for timely project completion by setting new standards.

WATCH THE VIDEO




No comments:

Post a Comment