Econpile bags RM27.2mil substructure works contract at Setia Federal Hill

KUALA LUMPUR: Econpile Holdings Bhd’s wholly-owned subsidiary, Econpile (M) Sdn Bhd, has secured a RM27.2mil contract for substructure works at Setia Federal Hill, Kuala Lumpur.

In a filing with Bursa Malaysia, Econpile said it had received a letter of award from Archimatrix Sdn Bhd, on behalf of Setia MF SFH Development Sdn Bhd, to undertake Package 1 – Substructure Works for Residential Tower 1 at Parcel 1A-B.

The project is scheduled for completion within 13 months from March 20, 2025.

“The project is expected to contribute positively to the revenue and earnings of the company from the financial year ending June 30, 2025 onwards,” Econpile said.