Econpile up 2.86% on bagging RM43.98m piling and substructure works contract for Tropicana Gardens

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KUALA LUMPUR (Oct 21): Shares in Econpile Holdings Bhd rose 2.86% this morning after it inked an RM43.98 million contract to undertake demolition, earthworks, piling and substructure works for the Tropicana Gardens mixed development in Kota Damansara – which is to last 16 months.

At 9.28am, Econpile rose 2 sen to 72 sen, valuing it at RM963 million.

The project will focus on the mixed development which is composed of a 42-storey commercial block that sits on top of an 11-storey podium block and a basement car park. The contract is expected to positively contribute to its top and bottom line for the financial years June 30, 2020 (FY20) and FY21.