Pintaras Jaya secures RM119m piling project in Singapore

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KUALA LUMPUR (June 1): Pintaras Jaya Bhd has bagged a piling contract worth S$39 million (RM119 million) in Singapore.

The 10-year contract, which was awarded to its Singapore-based subsidiary Pintary Foundations Pte Ltd, will commence in August, the group said in an exchange filing.

The piling and foundation specialist said the contract is expected to contribute positively to its earnings for the financial year ended June 30, 2021.

In March, Pintaras Jaya had announced that it had won several piling contracts worth a combined RM116 million, with contract periods of between three and eight months.

Pintaras Jaya’s share price settled seven sen or 2.64% lower at RM2.58, for a market capitalisation of RM427.93 million.