TSR Capital Bhd, together with an undisclosed joint venture partner, has secured a RM99 million contract to widen a section of the Kuala Lumpur-Karak Highway.
The contract was awarded to TSR Capital’s wholly owned subsidiary, TSR Bina Sdn Bhd, by AFA Construction and Engineering Sdn Bhd (AFACE), a unit of AFA Prime Bhd, the highway’s concessionaire wholly owned by Tan Sri Dr Azmil Khalili Khalid.
The project covers Package 1B of the broader highway widening programme, spanning KM19.2 to KM64.5, and involves earthworks and related construction activities. Work is scheduled to begin in the second quarter of 2026.
TSR Capital said the project will contribute positively to its order book and overall financial performance.
Executive Director Lim Dian Ping described the award as a key step in the group’s expansion in Malaysia’s infrastructure construction sector. “With our expertise in earthworks and civil engineering, TSR Capital is well-positioned to take advantage of growing highway and transportation projects nationwide,” he said.
Lim added that the group is committed to completing the project safely, efficiently, and professionally, reinforcing its reputation as a reliable infrastructure contractor.
Shares in TSR Capital closed at 23 sen on Monday, valuing the company at RM40.12 million. The stock has remained largely flat over the past year.
