This article first appeared in The Edge Financial Daily on February 18, 2020

KUALA LUMPUR: Eversendai Corp Bhd has secured RM330 million worth of projects in India.

The new wins bring the group’s total contract wins to RM653 million year-to-date and its total order book to RM2.2 billion. In a bourse filing yesterday, Eversendai said it was recently awarded the DLF Downtown IT Park project in Tharamani, Chennai by DLF Info Park Developers (Chennai) Ltd, which would improve its chance to secure additional phases of future development on 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 be completed in 16 months, which will set a new benchmark for 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,” said Eversendai. Eversendai executive chairman and group managing director Tan Sri AK Nathan said the group’s operations in India contribute 14% of total 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 added.