Business Today: BDB Infra Wins RM204 Million Kedah Road Maintenance Contract Bina Darulaman Bhd

Business Today: BDB Infra Wins RM204 Million Kedah Road Maintenance Contract Bina Darulaman Bhd

Bina Darulaman Bhd’s (BDB) wholly owned subsidiary, BDB Infra Sdn Bhd (BDB Infra) has been awarded a worth RM204 million from the Kedah state government.

The road maintenance project will run for 36 months, from May 15, 2023 to May 14, 2026, involving Zone 1 (Kota Setar, Padang Terap/Pokok Sena, Kubang Pasu, Pendang, Yan and Sik districts).

BDB group executive director Raja Shahreen Raja Othman said the contract win was in recognition of the BDB Group and BDB Infra’s achievements and good track record throughout previous maintenance contracts.

“This proves that the Kedah state government is confident of BDB Group’s capabilities,” he said in a statement today, adding that the contract is expected to boost the group’s earnings per share for financial years 2023-2026.

BDB Infra is a G7 Grade contractor with close to 50 years of experience and an excellent track record in carrying out road and quarries maintenance and construction works in the northern part of the country.

In 2020, the Kedah state government awarded the company a three-year road maintenance contract worth RM210 million, involving several districts in Kedah.

BDB Infra Wins RM204 Million Kedah Road Maintenance Contract

The Malaysian Reserve: Bina Darulaman wins RM204m Kedah state road maintenance contract

The Malaysian Reserve: Bina Darulaman wins RM204m Kedah state road maintenance contract

BINA Darulaman Bhd (BDB) subsidiary, BDB Infra Sdn Bhd, has secured a state road maintenance contract worth RM204 million from the Kedah state government.

The project will cover zone 1, comprising Kota Setar, Padang Terap/Pokok Sena, Kubang Pasu, Pendang, Yan and Sik, and will run for 36 months from May 15, 2023, to May 14, 2026.

BDB group ED Raja Shahreen Raja Othman said the project is expected to positively impact the company’s earnings per share for the financial period of 2023 to 2026.

BDB Infra is a Grade G7 contractor involved in road maintenance, construction works, and quarries in the northern region of Malaysia.

This is the second road maintenance contract awarded to BDB Infra by the Kedah state government after it received a similar three-year contract in 2020 for several districts in the state.

BDB shares slid 1 sen or 3.23% oto 30 sen today, giving it a market capitalisation of RM91 million.

https://themalaysianreserve.com/2023/05/11/bina-darulaman-wins-rm204m-kedah-state-road-maintenance-contract/?fbclid=IwAR1-C4uInuaO5ztb9QKjdgp7sBOo7Q4jvCeoQy6BqaUn2qQusIETvanRNkk