Vestland unit bags RM263.7mil job in Kelantan
KUALA LUMPUR: Vestland Bhd’s unit Vestland Infra Sdn Bhd has been awarded a contract by Johnson Fluid Engineering Sdn Bhd to build a dual-function sheet pile wall and bridge works in Kelantan valued at RM263.7 million.
Vestland Bhd's subsidiary, Vestland Infra Sdn Bhd, has secured a significant contract in Kelantan worth RM263.7 million, according to a report from Kuala Lumpur. This deal involves constructing a dual-function sheet pile wall and bridge works, with the project slated to commence on September 21 and conclude within 19 months. The contract marks the company's sixth win of the year, underscoring its strategic growth in flood mitigation and infrastructure development.
Datuk Liew Foo Heen, Vestland's joint managing director, emphasized that this achievement bolsters the company's capabilities in this sector, preparing the group for more substantial and intricate infrastructure and climate resilience projects. With this latest contract, Vestland's total contract wins for 2023 have reached RM1.1 billion, and its outstanding order book now stands at RM1.5 billion. The company's shares closed at 1.6% lower at 92 sen, valuing the firm at RM864.14 million.
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