Eversendai Gets US$50.9 Mln Contract From Reliance Industries

KUALA LUMPUR, Jan 26 (Bernama) -- Eversendai Corp Bhd, a specialist structural steel contractor, has been awarded a contract worth US$50.98 million (RM184 million) from Reliance Industries Ltd of India. (US$1 = RM3.60) The contract is for the supply of steel materials, connection design, engineering and fabrication for the construction of the Dhirubhai Ambani International Convention and Exhibition Centre (DAICEC) in Mumbai. "We take great pride in having secured the structural steel works contract for a prominent project like DAICEC. "This is a highly anticipated project in India and reaffirms Eversendai’s continued success in winning landmark projects based on our good reputation," its Executive Chairman and Group Managing Director, A K Nathan said in a statement to Bursa Malaysia (Malaysia's Stock Exchange) Monday. The scope of work for fabrication will be undertaken by Eversendai’s fabrication facilities in Malaysia, Dubai and India and is scheduled for completion by April 2016. DAICEC will be a mixed-use development located within the Bandra Kurla Complex, a commercial zone in the heart of Mumbai. Nathan said the group views the contract as a milestone achievement as India has the potential of becoming one of Eversendai’s growing and more exciting markets in the coming years. "It is also a major breakthrough for Eversendai as it allows us to strategically position ourselves for future contracts with Reliance Industries Ltd in India," he said. DAICEC will house, among others, a convention and banqueting facility; exhibition halls; a 2,000-seat performance arts centre capable of hosting international events and rock shows; premium service apartments; and prime retail and high-end commercial spaces. Eversendai is continuously looking at delving into new opportunities in inter-related industries while maintaining its commendable performance and track record, the statement said. -- BERNAMA