This article first appeared in The Edge Financial Daily on September 27, 2018

KUALA LUMPUR: Eversendai Corp Bhd’s year-to-date (YTD) project wins grew to RM1.12 billion, after the company secured four new projects worth RM404 million.

In a statement filed to Bursa Malaysia yesterday, Eversendai said the four new project wins, which include a contract to build one of the largest glass roof structures in the world in Dubai, United Arab Emirates, would ensure the group’s continued growth and prosperity.

The other three new jobs are: a structural steel fabrication and construction package for a combined cycle gas power plant project in Malaysia; a construction contract to build a 45-storey high-rise residential tower in Mumbai, India; and a project to fabricate and assemble leg sections for the offshore wind installation jack-up vessel (Deme Innovation) in Europe under its oil and gas division.

Eversendai said its outstanding order book stood at RM2.37 billion as at June 30 this year.

The group’s executive chairman and managing director Tan Sri AK Nathan said the group continues to experience a busy period with numerous projects inhand and more exciting ground-breaking projects in the works.

‘With our world class expertise and our reputation as a world leader in structural steel fabrication with an excellent track record, we are able to take on opportunities to further bolster our business and bring to life works of engineering marvels,” he said.

 Eversendai shares settled four sen or 5.4% higher at 78.5 sen yesterday, giving it a market capitalisation of RM613.08 million. In the past 12 months, the stock has slipped about 2%.