KUALA LUMPUR: TCS Group Holdings Bhd has secured a RM255mil contract in Taman Desa right here for the inspiration and major constructing works for section certainly one of a blended industrial growth that may embrace a 25-level block.
In a submitting with Bursa, TCS Group stated its wholly-owned subsidiary, TCS Building Sdn Bhd had on March 1, accepted a letter of award from development companies supplier Treatment Energy Sdn Bhd for the job.
The period shall be 30 months, ranging from subsequent month and the challenge is predicted to be accomplished in September 2024.
The group intends to fund the contract by way of internally generated funds or borrowings.
In a separate assertion, TCS Group managing director Datuk Tee Chai Seng stated the contract would enhance its excellent order e-book to RM1.85bil, giving it wholesome earnings visibility for the following three years.
“Shifting ahead, our precedence stays centered on making certain the sleek execution and on-time supply of all our present initiatives.
“We observe that ongoing challenges resembling provide chain disruptions, rising uncooked materials costs and labor scarcity could proceed to have an effect on the general development trade,” he stated.