• Wednesday , 25 November 2020

Eversendai Wins RM330 Million Contracts in India

Kuala Lumpur, February 17, 2020 – Eversendai Corporation Berhad, announced today that it has secured RM330 million worth of projects by its subsidiary in India. With the new wins, Eversendai brings its total contract wins to RM653 million to-date for the year 2020 bringing up its order book to approximately RM2.2 billion.

With a healthy order book in 2020, the Group was recently awarded the DLF Downtown IT Park project in Tharamani, Chennai by DLF Info Park Developers (Chennai) Ltd. Securing this prestigious contract is a major achievement for Eversendai and would further accelerate its growth momentum. This would also improve the chance to secure additional phases of future development in the same project site.

The DLF Downtown IT Park project consists of two towers of commercial building constructed using composite structures in fast track mode and is expected to complete in a record time of 16 months. This will set a new benchmark in the Indian construction industry. For the record, this is the second job awarded by DLF to Eversendai. The first 1.6 million sq.ft. commercial building project in Chennai is in the final stage of successful completion.

Eversendai has delivered projects to the highest quality standards with leading developers and clients for the last 10 years in India. The Company has taken a pivotal position in spearheading the Indian construction industry for the future by introducing innovative modern construction methodologies like composite structures for timely project completion by setting new standards.

The team of experienced and dedicated professionals seamlessly embraced the core values of the Group by delivering quality projects safely on time. The vision and objectives of the Group is imbibed in the work culture which is successfully demonstrated in every project. Eversendai India today proudly works with all the leading developers and consultants; and is able to win their trust and confidence in securing more new projects.

Tan Sri A K Nathan, Executive Chairman and Group Managing Director of Eversendai Corporation Berhad said, “The award is a recognition of Eversendai’s impressive construction and engineering credentials. This is a highly anticipated project in India and reaffirms our continued success in winning landmark projects based on our enviable reputation and fulfilling our commitments. It is also a breakthrough for Eversendai in India as it gives us the opportunity to strategically position ourselves for future contracts with DLF Ltd, India’s largest real estate developer.”

India continues to be one of the world’s fastest-growing economy. Eversendai’s operations in India contributes 14% of the Group’s revenue. “We are very confident of achieving more project wins and profit returns going forward. Eversendai’s never give up attitude along with persistence and dedication is eventually paying off as many new exciting opportunities are in the pipeline,” he concluded.