Ikhmas Jaya bags RM38.5m LRT3 subcontract jobs

PETALING JAYA: Ikhmas Jaya Group Bhd has bagged a subcontract bored piling jobs worth RM38.5 million from Mudajaya Corp Bhd for the Light Transit Rail Line 3 (LRT3) project.
In a filing with Bursa Malaysia today, the group said its wholly-owned subsidiary Ikhmas Jaya Sdn Bhd had agreed and accepted the terms and conditions of the letters of award.
The contract involves the construction of guideway, stations, park and ride, ancillary buildings and other associated works for Package GS01 for the project delivery partner - MRCB George Kent Sdn Bhd.
It is scheduled to commence on Jan 29, 2018 and to complete by Jan 3, 2019.
Ikhmas expects the project to contribute positively to its earnings and net assets for the financial year ending Dec 31, 2018.
The group's share price rose half a sen or 0.93% to 54.5 sen today with 54,500 shares done.