KUALA LUMPUR: PUNCAK NIAGA HOLDINGS BHD [] has entered into two separate joint-venture (JV) agreements with P&C CONSTRUCTION []s (P) Ltd in India to participate in the international tenders for water supply and flourosis mitigation project called by the Tamilnadu Water Supply and Drainage Board in India.
In a filing to Bursa Malaysia on Wednesday, Oct 20 Puncak Niaga said that together with P&C Constructions, it would form a JV in the name of PNHB-P&C Joint Venture to bid for Packages III and V of the Hogenakkal project for the Dharmapuri and Dharmapuridistricts.
Puncak Niaga will hold a 60% stake in the JV and be the lead partner while P&C Constructions will have 40%.
The company said the JV agreements were synergistic to its business expansion plans in India.
P&C is a company incorporated in India, providing support to its parent company, SP Periasamy & Co, for large projects and civil engineering contracts and is also involved in construction of public buildings, commercial and factory buildings, road and bridges, irrigation and hydro-management projects, and many other specialty construction jobs.
In a filing to Bursa Malaysia on Wednesday, Oct 20 Puncak Niaga said that together with P&C Constructions, it would form a JV in the name of PNHB-P&C Joint Venture to bid for Packages III and V of the Hogenakkal project for the Dharmapuri and Dharmapuridistricts.
Puncak Niaga will hold a 60% stake in the JV and be the lead partner while P&C Constructions will have 40%.
The company said the JV agreements were synergistic to its business expansion plans in India.
P&C is a company incorporated in India, providing support to its parent company, SP Periasamy & Co, for large projects and civil engineering contracts and is also involved in construction of public buildings, commercial and factory buildings, road and bridges, irrigation and hydro-management projects, and many other specialty construction jobs.
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