Eversendai hits record order book of RM6.7bil with new job wins

 By Sharen Kaur/ Business Times - September 9, 2024 

Eversendai executive chairman and group managing director of Tan Sri AK Nathan

KUALA LUMPUR: Eversendai Corporation Berhad's group of companies has been awarded RM1.1 billion worth of new contracts in Singapore, India, and the Middle East.

Tan Sri AK Nathan, executive chairman and group managing director of Eversendai, said that the group's current outstanding order book has reached a historic RM6.7 billion. 

He said that this achievement will significantly boost Eversendai's turnover and profits.

"The Eversendai Group of companies is on the path to reach greater heights in 2025 and beyond with the record high order book in hand," Nathan said.

Looking ahead, he noted that more high-profile, lucrative projects are expected to be secured, particularly in the Middle East and other regions where the group operates.

"We foresee progressive optimal utilisation of all our fabrication facilities with the current outstanding order book as the project momentum increases," he said.

In Chennai, India, Eversendai secured the composite structural steel and civil works project for the DLF Downtown Taramani Block 4 & 5, the single largest contract win in the history of Eversendai India. 

The 27-floor and 32-floor building development, with a total built-up area of 4.4 million square feet, will redefine Chennai's IT corridor as its vibrant new epicentre, with state-of-the-art office spaces offering unparalleled amenities. 

In a statement, Eversendai said that the scope of this project includes engineering, connection design, shop drawings, steel material supply, fabrication, delivery, erection of structural steel works, and civil works. 

Eversendai in Mumbai secured the C65 commercial tower project, a 19-floor composite structure building, and the 30 Little Gibbs, a high-rise composite structure residential building in Malabar Hills, Mumbai, while Eversendai in Singapore secured the Founder's Memorial project. 

"The scope of all these projects includes connection design, engineering and preparation of shop drawings, steel material supply, fabrication, delivery, and erection of structural steel works." 

Meanwhile, Eversendai in Saudi Arabia secured another structural steel subcontract work package for the Speed Park Track, Primary Pit, and Motorsports Experience Centre. The Speed Park Track is a new Qiddiya racetrack located near the heart of Riyadh that is set to host the biggest international motorsport championships in the world. 

Source: https://www.nst.com.my/business/corporate/2024/09/1103267/eversendai-hits-record-order-book-rm67bil-new-job-wins