TSR Capital Berhad (TSR Capital) announced that its wholly-owned subsidiary TSR Bina Sdn Bhd accepted the letter of award issued by Kwasa Land Sdn Bhd for a contract sum of RM104 million.
The award is in respect of the contract work for the proposed construction and completion of common infrastructure works at Kwasa Damansara township development in Sungai Buloh, Selangor.
In the latest Bursa filing, the company said the scope of works under the contract mainly involves the execution and completion of site clearance and demolition as well as earth, drainage, road, sewerage, water reticulation works and mechanical and electrical infrastructure works.
“Our board of directors is of the opinion that the contract will contribute positively to the earnings of the group for the financial years ending June 2024 through June 2026.
The contract is for a duration of 30 months and is expected to be completed by April 2026.
