PETALING JAYA: TCS Group Holdings Bhd
’s unit has secured its single-largest contract worth RM555mil for the main building works for a mixed-use development project known as J.Satine in Kuala Lumpur.
In a statement, the building and infrastructure construction services provider said its wholly-owned subsidiary, TCS Construction Sdn Bhd, yesterday accepted a letter of acceptance from Jayyid Land Sdn Bhd for works of the project, comprising 3,600 units of Residensi Wilayah apartments, 661 units small office/home office (SOHO) and 42 commercial units in Setapak.
TCS managing director Datuk Ir Tee Chai Seng said: “The RM555mil contract is the fourth project we secured in 2021, which enhances our outstanding order book to approximately RM1.6bil and provides us earnings visibility for the next three financial years.”
The group’s tender book stood at about RM2.4bil.
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