TRC Synergy's JV firm bags RM348.3m MRT job

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KUALA LUMPUR (Sept 14): TRC Synergy Bhd, along with its joint venture (JV) partner Konsortium Kontraktor Melayu Sdn Bhd (KKM), has bagged a RM348.3 million contract from Mass Rapid Transit Corp Sdn Bhd to build a mass rapid transit (MRT) maintenance depot in Serdang, Selangor.

In a filing with Bursa Malaysia today, TRC said Consortium KKM-TRC — a JV between its wholly-owned subsidiary Trans Resources Corp Sdn Bhd and KKM — had on Tuesday (Sept 12) accepted the award from MRT Corp for Package DPT201 of the MRT Sungai Buloh-Serdang-Putrajaya project (MRT Line 2), which involves construction of the Serdang maintenance depot, external works and other associated works.

"Barring unforeseen circumstances, the board is of the opinion that the project will contribute positively to the earnings and earnings per share of TRC Group in the future," TRC added.

TRC shares ended the morning session 0.5 sen or 0.6% higher at 84 sen, with 1.17 million shares traded, for a market capitalisation of RM401.2 million.