KUALA LUMPUR: Building and infrastructure construction services provider TCS Group Holdings Bhd’s (TGH) wholly-owned subsidiary TCS Construction Sdn Bhd (TCSB) has secured a RM140.27 million contract from KLK Retail Centre Sdn Bhd (KRC), a wholly-owned subsidiary of Kuala Lumpur Kepong Bhd (KLK), for the construction of the main building for the Bandar Seri Coalfields Retail Park commercial complex in Bandar Seri Coalfields, Selangor.
TGH managing director Datuk Ir Tee Chai Seng said this contract enhances the company’s outstanding order book and strengthens earnings visibility for the coming financial years.
“Looking ahead, the company is positive on the outlook of the construction industry.
“This is due to strategic infrastructure, utility projects, and the acceleration of projects under the Twelfth Malaysia Plan, 2021-2025,” he said in a statement.
He said TGH sees opportunities and is bidding for residential and commercial buildings, infrastructure projects, and institutional buildings.
“At the same time, we are also mindful of the demanding business operating landscape, particularly the elevated raw material costs caused by supply chain disruptions arising from the pandemic’s after effects.
“All in all, we continue to be cautiously optimistic on the long-term prospects of the Group premised on the aforementioned factors,” Tee said.
The contract is for 19 months, commencing in March 2024, with expected completion by October 2025.
