Wednesday, March 30, 2011

Ireka unit gets RM232.75m contract

KUALA LUMPUR: IREKA CORPORATION BHD [] unit Ireka Engineering & CONSTRUCTION [] Sdn Bhd (ICB) has secured a RM232.75 million contract for a proposed office and hotel development project.

It said on Wednesday, March 30 that ICB had received the letter of award for the contract from Transmission TECHNOLOGY [] Sdn Bhd for the works.

It said the contract included architectural and M&E works for basements, a podium and two office towers, comprising one 27-storey and another 37-storey buildings.

Ireka said the project would be completed in sections, and that the contract period for Tower 1 and Tower 2 were eighteen months and twenty months respectively.

It said the contract was expected to contribute positively to its earnings for the financial year ended March 31, 2011 onwards.

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