Varia Bhd has secured a significant RM155 million subcontract for upgrading works on the Pasir Gudang Highway in Johor, further strengthening its construction order book for the next three years. The award underscores the group’s growing presence in large-scale civil and infrastructure projects.
The subcontract was accepted by Varia’s wholly-owned subsidiary, Pembinaan Teguh Maju Sdn Bhd, from Kemuncak Pesaka Sdn Bhd on Wednesday, according to a Bursa Malaysia filing. The scope of work includes the supply of labour, materials, equipment, and machinery required to execute and complete civil and infrastructure upgrading works along the highway.
The project is scheduled to run for a duration of 36 months, commencing on Dec 3, 2025, and expected to conclude by Dec 2, 2028. The contract is anticipated to provide steady revenue streams for Varia while enhancing its portfolio of ongoing projects in the infrastructure sector.
This subcontract follows Varia’s ongoing efforts to expand its construction footprint in Malaysia, particularly in key highway and transport projects, and positions the company to capitalise on future infrastructure opportunities in Johor and other states.
On the stock market, Varia’s shares closed unchanged at 84 sen on Wednesday, giving the company a market capitalisation of RM363.3 million. The group highlighted that successful execution of the Pasir Gudang Highway project will not only contribute to revenue growth but also reinforce its reputation as a reliable contractor for large-scale civil works.
