Ireka secures RM124m construction job in Terengganu

KUALA LUMPUR (July 15): Ireka Corp Bhd has secured a construction project in Terengganu worth RM124.39 million.

The group said the contract from Wanland Metro Sdn Bhd involves the construction of two blocks of 16-storey apartment, single storey terrace houses, double storey terrace houses and double storey shophouses at Dendong in Besut district.

The contract period will be 208 weeks starting Aug 1, the group said in a bourse filing..

The contract is expected to contribute positively to the group’s earnings from financial year ending March 31, 2022 onwards, it added.

Ireka’s share price closed 0.5 sen or 0.75% higher at 67 sen today, valuing the group at RM122.29 million.