• Sunday , 16 June 2019

Eversendai Order Book Reaches RM1.7 billion

Kuala Lumpur, 18 June 2014 – Eversendai Corporation Berhad (“Eversendai” or the “Group”), a provider of specialist engineering and construction services, has secured new projects worth over RM152 million through its subsidiary companies in Qatar and India.

Eversendai has continued its trend of strengthening its foothold in the Middle East by securing the Gabbro Terminal Expansion project in the Mesaieed state in Qatar worth RM78.7 million. The scope of work includes the fabrication and supply of structural steel as well as the installation of mechanical works.

Eversendai also secured the contract for the Skylight Steel Package 2 of the Mall of Qatar in Doha worth RM16.3 million. The Skylight Steel Package 2 contract comprises the connection design, supply, fabrication, erection and fire proofing steel works and is due to be completed in April 2015. Both projects in Qatar will complement and contribute to the country’s growing popularity as an economic and tourism hub. As the Group aims to continuously expand its footing in India, we are also pleased to have been awarded an RM57.1 million contract by Reliance Industries Limited for the supply of fabricated structural steel works for their J3 Project in Jamnagar, Gujarat, India.

Tan Sri AK Nathan, Executive Chairman and Group Managing Director of Eversendai said, “Eversendai’s success in the Middle East and growing popularity in India today validates our vision, mission and core values. We have steadily upheld our core values of compliance to safety, conformance to quality, adherence to schedule and ensuring consistent client satisfaction. This is evident in all projects that have been undertaken by the Group. As a global organisation, we strive to maintain our standards while setting new standards to complement our strategies and initiatives to deliver value creation for all our clients. We are pleased to have secured these contracts which are a testament to Eversendai’s strength in the industry. This brings the total new contracts that have been secured to date in 2014 to RM903.5 million, and our current order book to RM1.7 billion. We have gone to great lengths to build a strong and experienced team who oversees our entire business operations and we are confident that these are all important factors which will further enhance our confidence for Eversendai’s portfolio to sustain attractive growth well into the future”.

In line with its tagline, ‘Towering – Powering – Energising – Innovating’, Eversendai is continuously looking at delving into new opportunities in inter-related industries whilst maintaining its commendable performance and track record.